ReWalk Robotics Ltd. (LFWD) Balance Sheet
LFWD balance sheet, 2025
December 31, 2025 · U.S. dollars$22.9M assets = $14.5M liabilities + $8.4M equity
Both columns are drawn to the same scale: what LFWD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LFWD financial health
Descriptive bands, not a rating. Fiscal 2025.
LFWD balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $28.1M2020 | $22.9M2025 | −2.2%/yr | |
| Total liabilities | $6.3M2020 | $14.5M2025 | +9.7%/yr | |
| Shareholders’ equity | $21.8M2020 | $8.4M2025 | −10.0%/yr | |
| Cash & short-term investments | $20.4M2020 | $2.2M2025 | −22.0%/yr | |
| Total debt | $1.6M2020 | $4.4M2025 | +12.0%/yr | |
| Net cash (debt) | $18.8M2020 | −$2.2M2025 | −$21.0M | |
| Working capital | $20.6M2020 | $3.8M2025 | −$16.8M | |
| Book value per share | $156.692021 | $0.722025 | −59.2%/yr | |
| Current ratio | 5.412020 | 1.312025 | −4.10 | |
| Debt / equity | 0.072020 | 0.522025 | +0.45 | |
| Shares outstanding | 570K2021 | 11.6M2025 | +65.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LFWD assets
LFWD liabilities and equity
LFWD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LFWD balance sheet
| 2025 | 2024 | 2023 | 2023 | 2022 | 2022 | 2021 | 2021 | 2020 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.2M | $6.9M | $28.1M | $28.1M | $67.9M | $67.9M | $88.3M | $88.3M | $20.4M | $20.4M |
| Cash & equivalents | $2.2M | $6.9M | $28.1M | $28.1M | $67.9M | $67.9M | $88.3M | $88.3M | $20.4M | $20.4M |
| Receivables | $6.1M | $6.0M | $3.1M | $3.1M | $1.0M | $1.0M | $585,000 | $585,000 | $684,000 | $684,000 |
| Inventory | $5.7M | $6.7M | $5.7M | $5.7M | $2.9M | $2.9M | $3.0M | $3.0M | $3.5M | $3.5M |
| Other current assets | $1.8M | $1.6M | $2.4M | $2.4M | $649,000 | $649,000 | $610,000 | $610,000 | $672,000 | $672,000 |
| Total current assets | $15.8M | $21.3M | $39.2M | $39.2M | $72.5M | $72.5M | $92.5M | $92.5M | $25.2M | $25.2M |
| Property, plant & equipment (net) | $2.1M | $1.4M | $3.1M | $3.1M | $1.0M | $1.0M | $1.2M | $1.2M | $1.8M | $1.8M |
| Goodwill & intangible assets | $4.8M | $7.5M | $20.1M | $20.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $209,000 | $240,000 | $784,000 | $784,000 | $694,000 | $694,000 | $1.1M | $1.1M | $1.0M | $1.0M |
| Total assets | $22.9M | $30.5M | $63.2M | $63.2M | $74.2M | $74.2M | $94.8M | $94.8M | $28.1M | $28.1M |
| Liabilities | ||||||||||
| Accounts payable | $5.6M | $5.0M | $5.1M | $5.1M | $1.9M | $1.9M | $1.4M | $1.4M | $2.3M | $2.3M |
| Short-term debt | $3.2M | $858,000 | $1.3M | $1.3M | $564,000 | $564,000 | $641,000 | $641,000 | $660,000 | $660,000 |
| Deferred revenue | $920,000 | $1.2M | $1.5M | $1.5M | $301,000 | $301,000 | $316,000 | $316,000 | $441,000 | $441,000 |
| Total current liabilities | $12.0M | $10.2M | $11.8M | $11.8M | $4.8M | $4.8M | $4.0M | $4.0M | $4.7M | $4.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.6M | $880,000 | $1.9M | — | $897,000 | — | $1.1M | — | $1.6M | — |
| Other long-term liabilities | $2.5M | $1.4M | $4.9M | $4.9M | $1.3M | $1.3M | $1.3M | $1.3M | $1.6M | $1.6M |
| Total liabilities | $14.5M | $11.6M | $16.7M | $16.7M | $6.1M | $6.1M | $5.4M | $5.4M | $6.3M | $6.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9.4M | $4.6M | $4.5M | $4.5M | $4.5M | $4.5M | $4.7M | $4.7M | $1.8M | $1.8M |
| Retained earnings (deficit) | −$284.7M | −$264.8M | −$235.9M | −$235.9M | −$213.8M | −$213.8M | −$194.2M | −$194.2M | −$181.4M | −$181.4M |
| Total shareholders' equity | $8.4M | $18.8M | $46.5M | $46.5M | $68.2M | $68.2M | $89.4M | $89.4M | $21.8M | $21.8M |
| Key figures | ||||||||||
| Total debt | $4.4M | $880,000 | $1.9M | $1.9M | $897,000 | $897,000 | $1.1M | $1.1M | $1.6M | $1.6M |
| Net cash (debt) | −$2.2M | $6.1M | $26.2M | $26.2M | $67.0M | $67.0M | $87.3M | $87.3M | $18.8M | $18.8M |
| Working capital | $3.8M | $11.1M | $27.4M | $27.4M | $67.7M | $67.7M | $88.5M | $88.5M | $20.6M | $20.6M |
| Tangible book value | $3.7M | $11.3M | $26.4M | $26.4M | $68.2M | $68.2M | $89.4M | $89.4M | $21.8M | $21.8M |
| Book value per share | $0.72 | $26.04 | $65.45 | — | $91.83 | — | $156.69 | — | — | — |
| Shares outstanding | 11.6M | 724K | 711K | — | 742K | — | 570K | — | — | — |
| Current ratio | 1.31 | 2.08 | 3.33 | 3.33 | 15.16 | 15.16 | 22.91 | 22.91 | 5.41 | 5.41 |
| Quick ratio | 0.69 | 1.27 | 2.65 | 2.65 | 14.41 | 14.41 | 22.02 | 22.02 | 4.51 | 4.51 |
| Debt / equity | 0.52 | 0.05 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.07 |
| Equity / assets | 36.7% | 61.8% | 73.6% | 73.6% | 91.8% | 91.8% | 94.3% | 94.3% | 77.6% | 77.6% |
| 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 | $9.4M | $11.4M | $2.2M | $2.2M | $5.1M | $5.7M | $6.9M | $10.7M | $15.1M | $20.7M | $28.1M | $32.6M |
| Cash & equivalents | $9.4M | $11.4M | $2.2M | $2.2M | $5.1M | $5.7M | $6.9M | $10.7M | $15.1M | $20.7M | $28.1M | $32.6M |
| Receivables | $7.9M | $5.7M | $6.1M | $6.1M | $5.9M | $5.2M | $6.0M | $5.8M | $5.3M | $3.5M | $3.1M | $3.5M |
| Inventory | $6.2M | $6.3M | $5.7M | $7.1M | $7.6M | $6.8M | $6.7M | $7.3M | $7.2M | $6.1M | $5.7M | $6.0M |
| Other current assets | $2.5M | $2.2M | $1.8M | $1.9M | $2.1M | $2.1M | $1.6M | $1.8M | $2.0M | $2.5M | $2.4M | $2.3M |
| Total current assets | $25.9M | $25.6M | $15.8M | $17.3M | $20.7M | $19.8M | $21.3M | $25.6M | $29.6M | $32.8M | $39.2M | $44.4M |
| Property, plant & equipment (net) | $3.0M | $2.1M | $2.1M | $862,000 | $1.1M | $1.2M | $1.4M | $2.2M | $2.5M | $2.8M | $3.1M | $3.1M |
| Goodwill & intangible assets | $5.2M | $4.8M | $4.8M | $4.8M | $4.8M | $7.5M | $7.5M | $17.6M | $18.4M | $19.2M | $20.1M | $20.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $866,000 | $1.0M | $209,000 | $205,000 | $228,000 | $219,000 | $240,000 | $436,000 | $430,000 | $432,000 | $784,000 | $772,000 |
| Total assets | $35.0M | $33.4M | $22.9M | $23.2M | $26.8M | $28.8M | $30.5M | $45.8M | $51.0M | $55.2M | $63.2M | $69.2M |
| Liabilities | ||||||||||||
| Accounts payable | $9.8M | $6.4M | $5.6M | $5.3M | $6.1M | $4.5M | $5.0M | $5.0M | $4.8M | $4.3M | $5.1M | $5.7M |
| Short-term debt | $743,000 | $425,000 | $3.2M | $149,000 | $296,000 | $571,000 | $858,000 | $936,000 | $1.2M | $1.2M | $1.3M | $1.2M |
| Deferred revenue | — | $966,000 | $920,000 | $1.2M | $1.2M | $1.3M | $1.2M | $1.4M | $1.4M | $1.4M | $1.5M | $1.6M |
| Total current liabilities | $11.2M | $10.6M | $12.0M | $9.1M | $10.4M | $9.1M | $10.2M | $9.7M | $10.0M | $10.1M | $11.8M | $12.8M |
| Long-term debt | $4.4M | $7.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $2.6M | $1.5M | $1.6M | $237,000 | $375,000 | $619,000 | $880,000 | $981,000 | $1.3M | $1.6M | $1.6M | $1.9M |
| Other long-term liabilities | $7.2M | $9.2M | $2.5M | $1.4M | $1.3M | $1.3M | $1.4M | $2.2M | $4.3M | $4.5M | $4.9M | $4.6M |
| Total liabilities | $22.8M | $27.1M | $14.5M | $10.4M | $11.7M | $10.4M | $11.6M | $11.9M | $14.3M | $14.6M | $16.7M | $17.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$3.2M | $9.4M | $9.4M | $8.7M | $8.0M | $5.5M | $4.6M | $4.6M | $4.5M | $4.5M | $4.5M | $4.5M |
| Retained earnings (deficit) | −$307.1M | −$295.5M | −$284.7M | −$279.4M | −$276.2M | −$269.7M | −$264.8M | −$249.5M | −$246.5M | −$242.2M | −$235.9M | −$230.2M |
| Total shareholders' equity | $12.2M | $6.3M | $8.4M | $12.8M | $15.1M | $18.5M | $18.8M | $33.9M | $36.7M | $40.6M | $46.5M | $51.8M |
| Key figures | ||||||||||||
| Total debt | $11.1M | $8.8M | $4.4M | $237,000 | $375,000 | $619,000 | $880,000 | $981,000 | $1.3M | $1.6M | $1.9M | $2.1M |
| Net cash (debt) | −$1.6M | $2.6M | −$2.2M | $2.0M | $4.8M | $5.1M | $6.1M | $9.7M | $13.8M | $19.1M | $26.2M | $30.5M |
| Working capital | $14.8M | $14.9M | $3.8M | $8.3M | $10.3M | $10.7M | $11.1M | $16.0M | $19.7M | $22.7M | $27.4M | $31.6M |
| Tangible book value | $7.0M | $1.5M | $3.7M | $8.0M | $10.4M | $10.9M | $11.3M | $16.3M | $18.3M | $21.4M | $26.4M | $30.9M |
| Book value per share | $4.37 | $3.91 | $5.65 | $9.56 | $16.15 | $21.13 | $25.69 | $46.46 | $51.16 | $56.76 | $65.09 | $72.76 |
| Shares outstanding | 2.8M | 1.6M | 1.5M | 1.3M | 935K | 873K | 734K | 729K | 717K | 716K | 715K | 712K |
| Current ratio | 2.33 | 2.40 | 1.31 | 1.92 | 2.00 | 2.18 | 2.08 | 2.65 | 2.97 | 3.25 | 3.33 | 3.47 |
| Quick ratio | 1.55 | 1.61 | 0.69 | 0.92 | 1.06 | 1.20 | 1.27 | 1.71 | 2.05 | 2.40 | 2.65 | 2.82 |
| Debt / equity | 0.91 | 1.40 | 0.52 | 0.02 | 0.02 | 0.03 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Equity / assets | 34.9% | 18.8% | 36.7% | 55.1% | 56.4% | 64.1% | 61.8% | 74.1% | 72.0% | 73.6% | 73.6% | 74.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 18, 2026); data from EODHD.
LFWD financial position
At the end of fiscal 2025 (December 31, 2025), ReWalk Robotics had total assets of $22.9 million (down 24.9% from a year earlier), total liabilities of $14.5 million and shareholders' equity of $8.4 million. It held $2.2 million in cash and short-term investments against $4.4 million of debt, net debt of $2.2 million. Its current ratio was 1.31. In the latest quarter (ended June 30, 2026) total assets were $35.0 million and equity $12.2 million.
Related: LFWD income statement, LFWD cash flow statement, LFWD key metrics. See the LFWD stock overview for the latest quote and news.
LFWD balance sheet FAQ
What are ReWalk Robotics's total assets?
ReWalk Robotics reported total assets of $22.9 million at the end of fiscal 2025 (December 31, 2025), compared with $30.5 million a year earlier.
How much debt does ReWalk Robotics have?
ReWalk Robotics had $4.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.52.
How much cash does ReWalk Robotics have?
ReWalk Robotics held $2.2 million in cash and short-term investments at the end of fiscal 2025; with $4.4 million of debt that is net debt of $2.2 million.
What is ReWalk Robotics's book value?
ReWalk Robotics's shareholders' equity (book value) was $8.4 million at the end of fiscal 2025, or $0.72 per share.
What is ReWalk Robotics's current ratio?
ReWalk Robotics had current assets of $15.8 million and current liabilities of $12.0 million, a current ratio of 1.31 (it can cover its short-term obligations).
How much goodwill does ReWalk Robotics have?
ReWalk Robotics carried $4.8 million of goodwill and intangible assets, 20.8% of total assets, at the end of fiscal 2025.