Lument Finance Trust, Inc. (LFT) Balance Sheet
LFT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.22B assets = $996.9M liabilities + $219.1M equity
Both columns are drawn to the same scale: what LFT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LFT financial health
Descriptive bands, not a rating. Fiscal 2025.
LFT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.30B2016 | $1.22B2025 | −6.8%/yr | |
| Total liabilities | $2.16B2016 | $996.9M2025 | −8.2%/yr | |
| Shareholders’ equity | $142.5M2016 | $219.0M2025 | +4.9%/yr | |
| Cash & short-term investments | $898.5M2016 | $23.1M2025 | −33.4%/yr | |
| Total debt | $2.14B2016 | $988.1M2025 | −8.2%/yr | |
| Net cash (debt) | −$1.25B2016 | −$965.0M2025 | +$280.8M | |
| Working capital | $898.45B2016 | −$153.1M2025 | −$898.6B | |
| Book value per share | $9.322016 | $41.842025 | +18.2%/yr | |
| Current ratio | 92,505.052016 | 0.162025 | −92504.89 | |
| Debt / equity | 15.052016 | 4.512025 | −10.54 | |
| Shares outstanding | 15.3M2016 | 5.2M2025 | −11.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LFT assets
LFT liabilities and equity
LFT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LFT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $23.1M | $69.2M | $51.2M | $1.12B | $14.7M | $11.4M | $10.9M | $7.9M | $1.33B | $898.5M |
| Cash & equivalents | $23.1M | $69.2M | $51.2M | $43.9M | $14.7M | $11.4M | $10.9M | $7.9M | $34.3M | $27.5M |
| Short-term investments | — | — | — | $1.08B | $1.00B | — | — | $0 | $1.29B | $870.9M |
| Receivables | $5.4M | $5.9M | $1.38B | $5.8M | $26.4M | $2.0M | $2.3M | $59.8M | $16.3M | $11.5M |
| Inventory | $0 | $0 | $0 | $53.2M | $44.7M | $71.4M | $18.4M | $1 | −$5.3M | −$8.1M |
| Other current assets | $0 | $0 | $8.9M | $0 | $0 | $0 | $0 | $0 | $1.32T | $897.56B |
| Total current assets | $28.5M | $75.1M | $1.44B | $1.13B | $41.1M | $13.4M | $13.3M | $67.7M | $1.33T | $898.46B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$679.4M | −$1.32B | −$1.43B |
| Goodwill & intangible assets | $554,246 | $649,287 | $691,973 | $795,656 | $551,997 | $919,678 | $2.7M | $4.0M | $3.0M | $3.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.29B | $0 |
| Other non-current assets | $1.19B | $1.05B | $2.3M | $1.4M | $1.01B | $607.2M | $641.9M | $1.29B | $0 | $0 |
| Total assets | $1.22B | $1.13B | $1.45B | $1.13B | $1.05B | $621.5M | $657.9M | $679.4M | $2.61B | $2.30B |
| Liabilities | ||||||||||
| Accounts payable | $1.9M | $2.7M | $4.1M | $2.4M | $704,055 | $432,936 | $805,126 | $1.2M | $7.3M | $9.7M |
| Short-term debt | $175.2M | $828.4M | $1.19B | $876.3M | $873.6M | $502.6M | $505.9M | $504.0M | $1.23B | $804.8M |
| Deferred revenue | — | — | −$1.19B | −$873.9M | −$872.9M | −$502.2M | −$544.5M | −$522.0M | $222,518 | $203,743 |
| Total current liabilities | $181.6M | $14.2M | $10.3M | $2.4M | $704,055 | $432,936 | $805,126 | $1.2M | $7.3M | $9.7M |
| Long-term debt | $239.7M | $47.5M | $47.2M | $47.0M | $46.8M | $39.6M | $39.4M | $19.2M | $1.22B | $1.34B |
| Other long-term liabilities | $575.6M | $829.1M | $1.15B | $0 | $826.8M | $463.1M | $505.9M | $504.0M | $222,519 | $203,739 |
| Total liabilities | $996.9M | $890.7M | $1.21B | $885.0M | $879.5M | $507.8M | $549.3M | $529.1M | $2.47B | $2.16B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $523,995 | $523,093 | $522,487 | $522,252 | $249,434 | $249,389 | $236,877 | $236,832 | $221,393 | $175,348 |
| Retained earnings (deficit) | $67.3M | $70.0M | −$131.7M | $31.3M | $21.4M | $10.9M | $2.4M | −$3.8M | $4.1M | −$637,499 |
| Accumulated other comprehensive income | −$221.0M | −$204.7M | $0 | −$160.7M | −$143.4M | −$131.4M | −$122.2M | −$114.8M | −$15.1M | −$9.3M |
| Minority interest | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | — | — | — | — | — |
| Total shareholders' equity | $219.0M | $237.8M | $240.7M | $243.0M | $169.4M | $113.7M | $108.6M | $150.2M | $145.8M | $142.5M |
| Key figures | ||||||||||
| Total debt | $988.1M | $875.9M | $1.19B | $923.3M | $920.5M | $542.2M | $545.3M | $523.2M | $2.46B | $2.14B |
| Net cash (debt) | −$965.0M | −$806.7M | −$1.14B | $196.8M | −$905.7M | −$530.8M | −$534.4M | −$515.3M | −$1.13B | −$1.25B |
| Working capital | −$153.1M | $61.0M | $1.43B | $1.12B | $40.4M | $13.0M | $12.5M | $66.5M | $1.33T | $898.45B |
| Tangible book value | $218.4M | $237.2M | $240.0M | $242.2M | $168.8M | $112.8M | $105.9M | $146.2M | $142.8M | $139.0M |
| Book value per share | $41.84 | $45.47 | $46.08 | — | $6.79 | $4.56 | $4.59 | $6.09 | $6.97 | $9.32 |
| Shares outstanding | 5.2M | 5.2M | 5.2M | — | 24.9M | 24.9M | 23.7M | 24.6M | 20.9M | 15.3M |
| Current ratio | 0.16 | 5.30 | 139.71 | 476.87 | 58.41 | 30.93 | 16.50 | 54.98 | 181,085.84 | 92,505.05 |
| Quick ratio | 0.16 | 5.30 | 138.85 | 476.87 | 58.41 | 30.93 | 16.50 | 54.98 | 183.32 | 93.69 |
| Debt / equity | 4.51 | 3.68 | 4.96 | 3.80 | 5.43 | 4.77 | 5.02 | 3.48 | 16.86 | 15.05 |
| Equity / assets | 18.0% | 21.1% | 16.6% | 21.5% | 16.1% | 18.3% | 16.5% | 22.1% | 5.6% | 6.2% |
| 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 | $29.0M | $30.6M | $23.1M | $56.0M | $59.4M | $63.5M | $69.2M | $45.6M | $65.1M | $64.6M | $51.2M | $43.4M |
| Cash & equivalents | $29.0M | $30.6M | $23.1M | $56.0M | $59.4M | $63.5M | $69.2M | $45.6M | $65.1M | $64.6M | $51.2M | $43.4M |
| Receivables | $4.5M | $5.6M | $5.4M | $821.8M | $5.6M | $5.6M | $5.9M | $6.8M | $41.1M | $25.8M | $1.38B | $1.35B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $72.9M | $1 | $0 | $58.2M |
| Other current assets | $0 | $0 | $0 | $15.9M | $0 | $0 | $0 | $0 | $0 | $1.29B | $8.9M | $0 |
| Total current assets | $33.5M | $36.2M | $28.5M | $893.7M | $65.0M | $69.1M | $69.2M | $52.4M | $106.3M | $1.38B | $1.44B | $1.44B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $49.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $506,733 | $524,000 | $554,246 | $565,613 | $590,313 | $626,769 | $649,287 | $640,309 | $686,325 | $696,600 | $691,973 | $748,307 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.08B | $1.17B | $1.19B | $12.2M | $932.8M | $991.8M | $1.06B | $1.20B | $1.19B | $1.6M | $2.3M | $2.4M |
| Total assets | $1.12B | $1.20B | $1.22B | $955.7M | $998.4M | $1.06B | $1.13B | $1.26B | $1.30B | $1.38B | $1.45B | $1.44B |
| Liabilities | ||||||||||||
| Accounts payable | $1.4M | $1.8M | $1.9M | $2.0M | $2.2M | $2.5M | $2.7M | $446,834 | $3.4M | $3.9M | $4.1M | $371,818 |
| Short-term debt | — | — | $175.2M | $669.8M | $709.9M | $772.3M | $828.4M | $955.1M | — | — | — | — |
| Total current liabilities | — | — | $181.6M | $6.6M | $8.1M | $9.2M | $14.2M | $10.3M | $10.8M | $11.6M | $10.3M | $10.2M |
| Long-term debt | $654.8M | $665.1M | $239.7M | $47.7M | $47.6M | $47.5M | $47.5M | $47.4M | $1.04B | $1.12B | $1.19B | $1.19B |
| Other long-term liabilities | $255.8M | $323.6M | $575.6M | $671.4M | $711.2M | $772.7M | $829.1M | $955.2M | $11.5M | $501,691 | $2.4M | $35,480 |
| Total liabilities | $910.6M | $988.8M | $996.9M | $725.6M | $766.9M | $829.5M | $890.7M | $1.01B | $1.05B | $1.14B | $1.21B | $1.20B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $524,864 | $524,397 | $523,995 | $523,651 | $523,412 | $523,246 | $523,093 | $522,922 | $522,753 | $522,574 | $522,487 | $522,312 |
| Retained earnings (deficit) | $59.5M | $67.5M | $67.3M | −$142.6M | $73.2M | $69.5M | $70.0M | $65.2M | $59.0M | $54.4M | −$131.7M | −$131.8M |
| Accumulated other comprehensive income | −$227.5M | −$224.2M | −$221.0M | — | −$214.4M | — | −$204.7M | — | −$189.3M | −$183.9M | $0 | −$174.2M |
| Minority interest | $99,500 | $99,500 | $99,500 | $99,500 | $99,500 | — | — | — | — | — | — | — |
| Total shareholders' equity | $204.7M | $216.0M | $219.0M | $230.0M | $231.4M | $231.9M | $237.8M | $243.0M | $242.1M | $242.8M | $240.7M | $240.5M |
| Key figures | ||||||||||||
| Total debt | $901.5M | $978.7M | $988.1M | $717.4M | $757.5M | $819.8M | $875.9M | $1.00B | $1.04B | $1.12B | $1.19B | $1.19B |
| Net cash (debt) | −$872.5M | −$948.0M | −$965.0M | −$661.4M | −$698.1M | −$756.3M | −$806.7M | −$956.9M | −$978.1M | −$1.06B | −$1.14B | −$1.15B |
| Working capital | — | — | −$153.1M | $887.2M | $56.9M | $59.8M | $55.0M | $42.1M | $95.4M | $1.36B | $1.43B | $1.43B |
| Tangible book value | $204.2M | $215.4M | $218.4M | $229.4M | $230.8M | $231.3M | $237.2M | $242.4M | $241.4M | $242.1M | $240.0M | $239.7M |
| Book value per share | $39.02 | $41.21 | $41.84 | $43.93 | $44.21 | $44.34 | $45.47 | $46.49 | $46.32 | $46.48 | $46.07 | $46.04 |
| Shares outstanding | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M |
| Current ratio | — | — | 0.16 | 136.13 | 8.00 | 7.47 | 4.88 | 5.10 | 9.82 | 118.79 | 139.71 | 140.83 |
| Quick ratio | — | — | 0.16 | 133.72 | 8.00 | 7.47 | 5.30 | 5.10 | 9.82 | 7.80 | 138.85 | 136.34 |
| Debt / equity | 4.40 | 4.53 | 4.51 | 3.12 | 3.27 | 3.53 | 3.68 | 4.12 | 4.31 | 4.63 | 4.96 | 4.96 |
| Equity / assets | 18.4% | 17.9% | 18.0% | 24.1% | 23.2% | 21.9% | 21.1% | 19.4% | 18.7% | 17.6% | 16.6% | 16.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
LFT financial position
At the end of fiscal 2025 (December 31, 2025), Lument Finance had total assets of $1.2 billion (up 7.7% from a year earlier), total liabilities of $996.9 million and shareholders' equity of $219.0 million. It held $23.1 million in cash and short-term investments against $988.1 million of debt, net debt of $965.0 million. Its current ratio was 0.16. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity $204.7 million.
Related: LFT income statement, LFT cash flow statement, LFT key metrics. See the LFT stock overview for the latest quote and news.
LFT balance sheet FAQ
What are Lument Finance's total assets?
Lument Finance reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Lument Finance have?
Lument Finance had $988.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 4.51.
How much cash does Lument Finance have?
Lument Finance held $23.1 million in cash and short-term investments at the end of fiscal 2025; with $988.1 million of debt that is net debt of $965.0 million.
What is Lument Finance's book value?
Lument Finance's shareholders' equity (book value) was $219.0 million at the end of fiscal 2025, or $41.84 per share.
What is Lument Finance's current ratio?
Lument Finance had current assets of $28.5 million and current liabilities of $181.6 million, a current ratio of 0.16 (current liabilities exceed current assets).
How much goodwill does Lument Finance have?
Lument Finance carried $0.6 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.