INVO Fertility, Inc. (IVF) Balance Sheet
IVF balance sheet, 2025
December 31, 2025 · U.S. dollars$20.2M assets = $13.0M liabilities + $7.2M equity
Both columns are drawn to the same scale: what IVF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IVF financial health
Descriptive bands, not a rating. Fiscal 2025.
IVF balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $286,2262016 | $20.2M2025 | +60.5%/yr | |
| Total liabilities | $4.9M2016 | $13.0M2025 | +11.4%/yr | |
| Shareholders’ equity | −$4.6M2016 | $7.2M2025 | — | |
| Cash & short-term investments | $152,4042016 | $2.1M2025 | +33.7%/yr | |
| Total debt | $352,6102016 | $3.4M2025 | +28.6%/yr | |
| Net cash (debt) | −$200,2062016 | −$1.3M2025 | −$1.1M | |
| Working capital | −$4.5M2016 | −$7.6M2025 | −$3.0M | |
| Current ratio | 0.052016 | 0.272025 | +0.21 | |
| Debt / equity | 0.132020 | 0.472025 | +0.34 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IVF assets
IVF liabilities and equity
IVF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IVF balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.1M | $741,396 | $232,424 | $90,135 | $5.7M | $10.1M | $1.2M | $212,243 | $25,759 | $152,404 |
| Cash & equivalents | $2.1M | $741,396 | $232,424 | $90,135 | $5.7M | $10.1M | $1.2M | $212,243 | $25,759 | $152,404 |
| Receivables | $217,263 | $174,881 | $140,550 | $77,149 | $50,470 | $21,699 | $7,558 | $225,899 | $86,697 | $2,794 |
| Inventory | $225,253 | $219,764 | $264,507 | $263,602 | $287,773 | $265,372 | $101,387 | $43,513 | $58,879 | $85,210 |
| Other current assets | $241,145 | $182,290 | $622,294 | $190,201 | $282,751 | $157,700 | $195,910 | $249,454 | $63,050 | $10,980 |
| Total current assets | $2.8M | $1.3M | $1.3M | $621,087 | $6.3M | $10.5M | $1.5M | $731,109 | $234,385 | $251,388 |
| Property, plant & equipment (net) | $1.7M | $2.8M | $4.2M | $1.9M | $2.5M | $211,525 | $194,938 | $34,446 | $15,699 | $15,699 |
| Goodwill & intangible assets | $7.2M | $41.6M | $10.0M | $0 | $132,093 | $94,963 | $57,101 | $11,792 | $16,327 | $19,138 |
| Long-term investments | $2.5M | $740,759 | $3.1M | $1.2M | $1.5M | $98,084 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.1M | $0 | $0 | $0 | $0 | $240 | $0 | $0 | $2 | $1 |
| Total assets | $20.2M | $46.4M | $18.5M | $3.7M | $10.5M | $10.9M | $1.8M | $777,347 | $266,413 | $286,226 |
| Liabilities | ||||||||||
| Accounts payable | $2.0M | $5.7M | $2.3M | $1.3M | $443,422 | $328,927 | $371,530 | $571,828 | $960,725 | $974,872 |
| Short-term debt | $1.5M | $6.6M | $1.7M | $922,829 | $221,993 | $716,390 | $21,365 | $395,591 | $210,888 | $220,888 |
| Deferred revenue | $721,897 | $602,359 | $408,769 | $119,876 | $5,900 | $714,286 | $714,286 | $18,895 | — | — |
| Total current liabilities | $10.3M | $17.9M | $8.0M | $3.3M | $1.3M | $2.3M | $1.5M | $3.5M | $5.1M | $4.8M |
| Long-term debt | $744,725 | $1.1M | $1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.4M | $2.4M | $3.5M | $1.5M | $2.1M | $81,341 | — | — | — | — |
| Other long-term liabilities | $1.9M | $14.6M | $8.4M | $1.3M | $1.9M | $2.9M | $4.0M | $0 | $131,721 | $131,721 |
| Total liabilities | $13.0M | $33.7M | $17.6M | $4.7M | $3.2M | $5.2M | $5.5M | $3.5M | $5.3M | $4.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $239 | $37 | $249 | $61 | $1,193 | $964 | $15,630 | $15,429 | $14,213 | $14,059 |
| Retained earnings (deficit) | −$91.4M | −$67.2M | −$57.8M | −$49.8M | −$38.9M | −$32.2M | −$23.9M | −$21.7M | −$18.6M | −$17.9M |
| Total shareholders' equity | $7.2M | $12.7M | $892,825 | −$977,612 | $7.3M | $5.7M | −$3.7M | −$2.7M | −$5.0M | −$4.6M |
| Key figures | ||||||||||
| Total debt | $3.4M | $9.9M | $6.3M | $2.3M | $2.1M | $775,024 | $457,467 | $395,591 | $342,610 | $352,610 |
| Net cash (debt) | −$1.3M | −$9.2M | −$6.1M | −$2.2M | $3.6M | $9.3M | $781,118 | −$183,348 | −$316,851 | −$200,206 |
| Working capital | −$7.6M | −$16.6M | −$6.7M | −$2.7M | $5.1M | $8.3M | $42,330 | −$2.8M | −$4.9M | −$4.5M |
| Tangible book value | $20,090 | −$28.9M | −$9.1M | −$977,612 | $7.2M | $5.6M | −$3.8M | −$2.7M | −$5.0M | −$4.6M |
| Current ratio | 0.27 | 0.07 | 0.16 | 0.19 | 5.03 | 4.61 | 1.03 | 0.21 | 0.05 | 0.05 |
| Quick ratio | 0.22 | 0.05 | 0.05 | 0.05 | 4.58 | 4.42 | 0.83 | 0.13 | 0.02 | 0.03 |
| Debt / equity | 0.47 | 0.78 | 7.06 | — | 0.29 | 0.13 | — | — | — | — |
| Equity / assets | 35.7% | 27.4% | 4.8% | −26.4% | 69.8% | 52.5% | −206.8% | −350.5% | −1,873.8% | −1,613.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.7M | $4.9M | $2.1M | $355,891 | $549,181 | $840,407 | $741,396 | $471,591 | $942,934 | $475,125 | $232,424 | $1.1M |
| Cash & equivalents | $3.7M | $4.9M | $2.1M | $355,891 | $549,181 | $840,407 | $741,396 | $471,591 | $942,934 | $475,125 | $232,424 | $1.1M |
| Receivables | $257,729 | $248,387 | $217,263 | $274,200 | $242,255 | $173,614 | $174,881 | $257,051 | $257,210 | $176,888 | $140,550 | $116,781 |
| Inventory | $251,290 | $224,555 | $225,253 | $191,762 | $212,611 | $216,458 | $219,764 | $241,539 | $250,066 | $266,454 | $264,507 | $254,220 |
| Other current assets | $360,801 | $356,764 | $241,145 | $314,952 | $395,306 | $338,643 | $182,290 | $987,300 | $945,853 | $806,479 | $622,294 | $365,227 |
| Total current assets | $4.6M | $5.7M | $2.8M | $1.1M | $1.4M | $1.6M | $1.3M | $2.0M | $2.4M | $1.7M | $1.3M | $1.8M |
| Property, plant & equipment (net) | $3.0M | $2.5M | $1.7M | $2.5M | $2.6M | $2.7M | $2.8M | $2.8M | $3.1M | $3.8M | $4.2M | $6.6M |
| Goodwill & intangible assets | $10.6M | $7.9M | $7.2M | $7.3M | $7.4M | $26.8M | $41.6M | $9.4M | $9.6M | $9.8M | $10.0M | $10.0M |
| Long-term investments | $2.5M | $2.5M | $2.5M | $3.1M | $3.1M | $710,855 | $740,759 | $2.9M | $3.0M | $3.0M | $3.1M | $1.1M |
| Other non-current assets | $5.2M | $6.1M | $6.1M | $4.8M | $4.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $25.8M | $24.7M | $20.2M | $18.8M | $19.3M | $31.7M | $46.4M | $17.0M | $18.0M | $18.3M | $18.5M | $19.5M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $1.7M | $2.0M | $2.4M | $2.2M | $4.8M | $5.7M | $2.7M | $2.4M | $2.8M | $2.3M | $1.9M |
| Short-term debt | $1.5M | $1.5M | — | $1.3M | $4.0M | $5.6M | $6.6M | $1.9M | $1.7M | $2.0M | $1.7M | $2.1M |
| Deferred revenue | $788,498 | $725,493 | — | $720,407 | $834,850 | $725,330 | $602,359 | $562,402 | $416,745 | $513,425 | $408,769 | $229,921 |
| Total current liabilities | $6.5M | $6.4M | $10.3M | $9.2M | $12.5M | $18.7M | $17.9M | $8.7M | $8.0M | $9.0M | $8.0M | $4.9M |
| Long-term debt | $513,386 | $660,165 | $744,725 | $951,668 | $1.0M | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $1.3M | $1.1M |
| Lease obligations | $2.3M | $2.1M | $1.4M | $2.3M | $2.3M | $2.4M | $2.4M | $2.5M | $2.7M | $3.5M | $3.5M | $6.0M |
| Other long-term liabilities | $2.3M | $2.6M | $1.9M | $2.8M | $3.2M | $8.6M | $14.6M | $7.3M | $7.5M | $8.1M | $8.4M | $13.1M |
| Total liabilities | $9.3M | $9.6M | $13.0M | $13.0M | $16.7M | $28.4M | $33.7M | $17.0M | $16.7M | $18.3M | $17.6M | $19.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $229 | $164 | — | $542 | $83 | $74 | $37 | $391 | $386 | $262 | $249 | $247 |
| Retained earnings (deficit) | −$96.0M | −$96.9M | −$91.4M | −$93.1M | −$90.2M | −$84.9M | −$67.2M | −$63.5M | −$61.9M | −$59.4M | −$57.8M | −$55.8M |
| Total shareholders' equity | $16.5M | $15.0M | $7.2M | $5.8M | $2.6M | $3.3M | $12.7M | −$23,316 | $1.4M | $10,155 | $892,825 | $372,799 |
| Key figures | ||||||||||||
| Total debt | $3.9M | $4.0M | $744,725 | $4.2M | $7.1M | $8.8M | $9.9M | $5.3M | $5.4M | $6.4M | $6.3M | $8.8M |
| Net cash (debt) | −$188,753 | $919,426 | $1.3M | −$3.9M | −$6.6M | −$8.0M | −$9.2M | −$4.9M | −$4.4M | −$5.9M | −$6.1M | −$7.8M |
| Working capital | −$1.9M | −$621,677 | −$7.6M | −$8.1M | −$11.1M | −$17.1M | −$16.6M | −$6.7M | −$5.6M | −$7.2M | −$6.7M | −$3.1M |
| Tangible book value | $5.9M | $7.1M | $20,090 | −$1.5M | −$4.8M | −$23.5M | −$28.9M | −$9.4M | −$8.2M | −$9.8M | −$9.1M | −$9.6M |
| Book value per share | $6.36 | $9.17 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 2.6M | 1.6M | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.71 | 0.90 | 0.27 | 0.12 | 0.11 | 0.08 | 0.07 | 0.23 | 0.30 | 0.19 | 0.16 | 0.37 |
| Quick ratio | 0.61 | 0.81 | 0.22 | 0.07 | 0.06 | 0.05 | 0.05 | 0.08 | 0.15 | 0.07 | 0.05 | 0.24 |
| Debt / equity | 0.24 | 0.27 | 0.10 | 0.72 | 2.71 | 2.65 | 0.78 | — | 3.94 | 628.25 | 7.06 | 23.62 |
| Equity / assets | 63.8% | 60.9% | 35.7% | 31.1% | 13.6% | 10.5% | 27.4% | −0.1% | 7.6% | 0.1% | 4.8% | 1.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 2, 2026); data from EODHD.
IVF financial position
At the end of fiscal 2025 (December 31, 2025), INVO Fertility had total assets of $20.2 million (down 56.5% from a year earlier), total liabilities of $13.0 million and shareholders' equity of $7.2 million. It held $2.1 million in cash and short-term investments against $3.4 million of debt, net debt of $1.3 million. Its current ratio was 0.27. In the latest quarter (ended June 30, 2026) total assets were $25.8 million and equity $16.5 million.
Related: IVF income statement, IVF cash flow statement, IVF key metrics. See the IVF stock overview for the latest quote and news.
IVF balance sheet FAQ
What are INVO Fertility's total assets?
INVO Fertility reported total assets of $20.2 million at the end of fiscal 2025 (December 31, 2025), compared with $46.4 million a year earlier.
How much debt does INVO Fertility have?
INVO Fertility had $3.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.47.
How much cash does INVO Fertility have?
INVO Fertility held $2.1 million in cash and short-term investments at the end of fiscal 2025; with $3.4 million of debt that is net debt of $1.3 million.
What is INVO Fertility's book value?
INVO Fertility's shareholders' equity (book value) was $7.2 million at the end of fiscal 2025.
What is INVO Fertility's current ratio?
INVO Fertility had current assets of $2.8 million and current liabilities of $10.3 million, a current ratio of 0.27 (current liabilities exceed current assets).
How much goodwill does INVO Fertility have?
INVO Fertility carried $7.2 million of goodwill and intangible assets, 35.6% of total assets, at the end of fiscal 2025.