Laser Photonics Corporation (LASE) Balance Sheet
LASE balance sheet, 2025
December 31, 2025 · U.S. dollars$9.4M assets = $14.5M liabilities + −$5.0M equity
Liabilities exceed assets: shareholders’ equity is negative (−$5.0M).
Both columns are drawn to the same scale: what LASE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LASE financial health
Descriptive bands, not a rating. Fiscal 2025.
LASE balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $495,1502019 | $9.4M2025 | +63.5%/yr | |
| Total liabilities | $5,2802019 | $14.5M2025 | +274.2%/yr | |
| Shareholders’ equity | $489,8702019 | −$5.0M2025 | — | |
| Cash & short-term investments | $02019 | $650,3392025 | — | |
| Total debt | $1.3M2020 | $8.9M2025 | +46.5%/yr | |
| Net cash (debt) | −$995,1032020 | −$8.3M2025 | −$7.3M | |
| Working capital | $489,8702019 | −$7.3M2025 | −$7.8M | |
| Book value per share | $0.812024 | −$0.292025 | — | |
| Current ratio | 93.782019 | 0.292025 | −93.49 | |
| Debt / equity | 0.252020 | 0.492024 | +0.24 | |
| Shares outstanding | 12.7M2024 | 17.1M2025 | +35.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LASE assets
LASE liabilities and equity
LASE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LASE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $650,339 | $533,871 | $6.2M | $12.2M | $615,749 | $326,714 | $0 |
| Cash & equivalents | $650,339 | $533,871 | $6.2M | $12.2M | $615,749 | $326,714 | $0 |
| Receivables | $805,885 | $1.7M | $816,364 | $421,362 | $84,365 | $756,095 | $0 |
| Inventory | $1.3M | $2.3M | $2.2M | $1.7M | $1.8M | $2.2M | $495,150 |
| Other current assets | $245,825 | $58,567 | $39,190 | $0 | $3,000 | $0 | $0 |
| Total current assets | $3.0M | $4.7M | $9.3M | $13.7M | $2.5M | $3.3M | $495,150 |
| Property, plant & equipment (net) | $5.2M | $6.7M | $1.5M | $1.9M | $1.2M | $1.0M | $0 |
| Goodwill & intangible assets | $922,701 | $5.5M | $4.3M | $2.9M | $3.2M | $3.2M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $302,000 | $316,378 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $9.4M | $17.2M | $15.1M | $18.6M | $6.9M | $7.5M | $495,150 |
| Liabilities | |||||||
| Accounts payable | $1.6M | $531,268 | $223,040 | $190,387 | $113,443 | $55,756 | $5,280 |
| Short-term debt | $4.8M | $649,989 | $434,152 | $344,510 | $179,707 | $181,199 | — |
| Deferred revenue | $2.4M | $1.1M | $213,114 | — | $91,775 | $779,128 | — |
| Total current liabilities | $10.3M | $2.6M | $1.0M | $964,326 | $392,431 | $1.0M | $5,280 |
| Long-term debt | $0 | $0 | $0 | $0 | $579,012 | $1.1M | $0 |
| Lease obligations | $4.4M | $5.0M | $597,143 | $832,072 | $499,758 | $225,054 | $0 |
| Other long-term liabilities | $4.2M | $4.4M | $162,991 | $487,563 | $328,001 | $43,855 | $5,280 |
| Total liabilities | $14.5M | $6.9M | $1.2M | $1.5M | $1.3M | $2.2M | $5,280 |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $22,853 | $14,257 | $92,533 | $78,783 | $48,783 | $48,783 | $26,613 |
| Retained earnings (deficit) | −$25.2M | −$7.8M | −$5.2M | −$1.9M | $269,290 | −$4,995 | −$15,636 |
| Accumulated other comprehensive income | — | $0 | $829,500 | $829,500 | $0 | $0 | $0 |
| Total shareholders' equity | −$5.0M | $10.2M | $13.9M | $17.1M | $5.6M | $5.3M | $489,870 |
| Key figures | |||||||
| Total debt | $8.9M | $5.0M | $597,143 | $832,072 | $1.1M | $1.3M | — |
| Net cash (debt) | −$8.3M | −$4.5M | $5.6M | $11.3M | −$470,971 | −$995,103 | — |
| Working capital | −$7.3M | $2.1M | $8.3M | $12.8M | $2.1M | $2.2M | $489,870 |
| Tangible book value | −$6.0M | $4.8M | $9.6M | $14.2M | $2.4M | $2.1M | $489,870 |
| Book value per share | −$0.29 | $0.81 | — | — | — | — | — |
| Shares outstanding | 17.1M | 12.7M | — | — | — | — | — |
| Current ratio | 0.29 | 1.81 | 9.01 | 14.23 | 6.36 | 3.16 | 93.78 |
| Quick ratio | 0.14 | 0.88 | 6.80 | 13.07 | 1.78 | 1.05 | 0.00 |
| Debt / equity | — | 0.49 | 0.04 | 0.05 | 0.20 | 0.25 | — |
| Equity / assets | −53.3% | 59.5% | 92.1% | 92.2% | 81.1% | 70.6% | 98.9% |
| 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 | $2.2M | $1.6M | $650,339 | $3.6M | $78,522 | $533,871 | $533,871 | $2.1M | $2.7M | $5.2M | $6.2M | $8.3M |
| Cash & equivalents | $2.2M | $1.6M | $650,339 | $3.6M | $78,522 | $533,871 | $533,871 | $2.1M | $2.7M | $5.2M | $6.2M | $8.3M |
| Receivables | $508,109 | $1.1M | $547,848 | $847,585 | $877,522 | $1.7M | $973,605 | $773,295 | $446,016 | $443,309 | $816,364 | $1.7M |
| Inventory | $1.2M | $1.2M | $1.3M | $2.1M | $1.5M | $2.3M | $2.3M | $1.8M | $2.1M | $2.2M | $2.3M | $2.6M |
| Other current assets | $756,952 | $548,779 | $503,862 | $189,954 | $913,221 | $58,567 | $818,225 | $40,788 | $405,638 | $114,757 | $39,190 | $66,936 |
| Total current assets | $4.6M | $4.5M | $3.0M | $6.8M | $3.3M | $4.7M | $4.7M | $4.8M | $5.7M | $7.9M | $9.3M | $12.6M |
| Property, plant & equipment (net) | $4.8M | $5.2M | $5.2M | $5.4M | $6.1M | $6.7M | $6.7M | $1.5M | $1.3M | $1.5M | $1.5M | $1.3M |
| Goodwill & intangible assets | $874,073 | $898,637 | $922,701 | $5.0M | $5.1M | $5.5M | $5.5M | $4.0M | $4.1M | $4.2M | $4.3M | $2.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $302,000 | $302,000 | $302,000 | $316,730 | $316,378 | $316,378 | $316,378 | $316,378 | $0 | $1 | $0 | $0 |
| Total assets | $10.6M | $10.9M | $9.4M | $17.5M | $14.9M | $17.2M | $17.2M | $10.6M | $11.1M | $13.6M | $15.2M | $16.8M |
| Liabilities | ||||||||||||
| Accounts payable | $2.1M | $1.8M | $1.6M | $1.8M | $1.5M | $531,268 | $531,268 | $527,712 | $198,236 | $306,302 | $223,040 | $233,317 |
| Short-term debt | $1.1M | $1.7M | — | $4.6M | $2.3M | $649,989 | — | $206,212 | $197,614 | $314,373 | $434,152 | $352,242 |
| Deferred revenue | $3.3M | $4.2M | — | $1.9M | $319,872 | $1.1M | — | $116,564 | $116,564 | $772,686 | $701,234 | — |
| Total current liabilities | $7.7M | $8.5M | $10.3M | $9.2M | $6.3M | $2.6M | $2.6M | $886,798 | $620,028 | $1.5M | $1.5M | $585,665 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $4.0M | $4.3M | $4.4M | $4.5M | $4.7M | $4.8M | $5.0M | $252,558 | $374,559 | $477,364 | $597,143 | $588,335 |
| Other long-term liabilities | $3.8M | $4.1M | $4.2M | $4.2M | $4.3M | $4.4M | $4.4M | $46,346 | $176,945 | $162,991 | $162,990 | $236,094 |
| Total liabilities | $11.5M | $12.6M | $14.5M | $13.4M | $10.6M | $6.9M | $6.9M | $933,144 | $796,973 | $1.6M | $1.7M | $821,759 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $47,649 | $32,605 | — | $22,210 | $14,276 | $14,257 | — | $13,832 | $12,270 | $92,703 | $92,533 | $82,533 |
| Retained earnings (deficit) | −$31.4M | −$28.2M | −$25.2M | −$15.9M | −$11.2M | −$7.8M | −$7.8M | −$8.3M | −$8.9M | −$6.2M | −$5.7M | −$3.2M |
| Accumulated other comprehensive income | — | — | — | $309,400 | — | — | — | — | $0 | $0 | — | $829,500 |
| Total shareholders' equity | −$911,553 | −$1.7M | −$5.0M | $4.1M | $4.3M | $10.2M | $10.2M | $9.7M | $10.3M | $11.9M | $13.5M | $16.0M |
| Key figures | ||||||||||||
| Total debt | $4.9M | $5.8M | — | $13.0M | $6.5M | $5.0M | — | $252,558 | $374,559 | $477,364 | $597,143 | $588,335 |
| Net cash (debt) | −$2.7M | −$4.2M | — | −$9.4M | −$6.5M | −$4.5M | — | $1.9M | $2.4M | $4.7M | $5.6M | $7.7M |
| Working capital | −$3.1M | −$4.0M | −$7.3M | −$2.3M | −$3.0M | $2.1M | $2.1M | $3.9M | $5.1M | $6.4M | $7.8M | $12.1M |
| Tangible book value | −$1.8M | −$2.6M | −$6.0M | −$879,857 | −$801,894 | $4.8M | $4.8M | $5.7M | $6.2M | $7.8M | $9.2M | $13.2M |
| Book value per share | −$0.02 | −$0.06 | −$0.22 | $0.24 | $0.30 | $0.81 | $0.72 | $0.76 | — | — | — | — |
| Shares outstanding | 39.3M | 27.3M | 22.8M | 17.1M | 14.3M | 12.7M | 14.3M | 12.7M | — | — | — | — |
| Current ratio | 0.60 | 0.53 | 0.29 | 0.74 | 0.53 | 1.81 | 1.81 | 5.38 | 9.20 | 5.36 | 6.14 | 21.59 |
| Quick ratio | 0.35 | 0.32 | 0.12 | 0.49 | 0.15 | 0.88 | 0.59 | 3.26 | 5.15 | 3.81 | 4.62 | 17.02 |
| Debt / equity | — | — | — | 3.18 | 1.51 | 0.49 | — | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Equity / assets | −8.6% | −15.6% | −53.3% | 23.5% | 29.0% | 59.5% | 59.5% | 91.2% | 92.8% | 88.0% | 88.9% | 95.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 20, 2026); data from EODHD.
LASE financial position
At the end of fiscal 2025 (December 31, 2025), Laser Photonics had total assets of $9.4 million (down 44.9% from a year earlier), total liabilities of $14.5 million and shareholders' equity of -$5.0 million. It held $0.7 million in cash and short-term investments against $8.9 million of debt, net debt of $8.3 million. Its current ratio was 0.29. In the latest quarter (ended June 30, 2026) total assets were $10.6 million and equity -$0.9 million.
Related: LASE income statement, LASE cash flow statement, LASE key metrics. See the LASE stock overview for the latest quote and news.
LASE balance sheet FAQ
What are Laser Photonics's total assets?
Laser Photonics reported total assets of $9.4 million at the end of fiscal 2025 (December 31, 2025), compared with $17.2 million a year earlier.
How much debt does Laser Photonics have?
Laser Photonics had $8.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Laser Photonics have?
Laser Photonics held $0.7 million in cash and short-term investments at the end of fiscal 2025; with $8.9 million of debt that is net debt of $8.3 million.
What is Laser Photonics's book value?
Laser Photonics's shareholders' equity (book value) was -$5.0 million at the end of fiscal 2025, or −$0.29 per share.
What is Laser Photonics's current ratio?
Laser Photonics had current assets of $3.0 million and current liabilities of $10.3 million, a current ratio of 0.29 (current liabilities exceed current assets).
How much goodwill does Laser Photonics have?
Laser Photonics carried $0.9 million of goodwill and intangible assets, 9.8% of total assets, at the end of fiscal 2025.