Legacy Education Inc. (LGCY) Balance Sheet
LGCY balance sheet, FY2026
June 30, 2026 · U.S. dollars$78.5M assets = $25.8M liabilities + $52.8M equity
Both columns are drawn to the same scale: what LGCY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LGCY financial health
Descriptive bands, not a rating. Fiscal FY2026.
LGCY balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.30BFY2017 | $78.5MFY2026 | −26.8%/yr | |
| Total liabilities | $1.52BFY2017 | $25.8MFY2026 | −36.4%/yr | |
| Shareholders’ equity | −$482.3MFY2017 | $52.8MFY2026 | — | |
| Cash & short-term investments | $2.6MFY2017 | $22.7MFY2026 | +27.5%/yr | |
| Total debt | $1.18BFY2017 | $15.4MFY2026 | −38.3%/yr | |
| Net cash (debt) | −$1.18BFY2017 | $7.3MFY2026 | +$1.2B | |
| Working capital | −$3.8MFY2017 | $33.4MFY2026 | +$37.3M | |
| Book value per share | $0.40FY2020 | $3.79FY2026 | +45.2%/yr | |
| Current ratio | 0.96FY2017 | 3.70FY2026 | +2.75 | |
| Debt / equity | 0.20FY2020 | 0.29FY2026 | +0.09 | |
| Shares outstanding | 15.1MFY2020 | 13.9MFY2026 | −1.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LGCY assets
LGCY liabilities and equity
LGCY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LGCY balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $22.7M | $20.3M | $10.4M | $9.3M | $8.8M | $7.8M | $1.4M | $1.1M | $1.2M | $2.6M |
| Cash & equivalents | $22.7M | $20.3M | $10.4M | $9.3M | $8.8M | $7.8M | $1.4M | $1.1M | $1.2M | $2.6M |
| Receivables | $20.9M | $15.3M | $13.1M | $6.3M | $4.9M | $4.8M | $4.3M | $3.0M | $90.2M | $66.6M |
| Inventory | $0 | $1.2M | $833,203 | $470,744 | $442,858 | $369,499 | $126,879 | $0 | $0 | $0 |
| Other current assets | $2.1M | $285,382 | $293,576 | $1.3M | $1.7M | $640,186 | $242,228 | $147.0M | $21.2M | $13.6M |
| Total current assets | $45.8M | $37.1M | $24.6M | $17.3M | $15.7M | $13.6M | $6.0M | $151.1M | $112.6M | $82.8M |
| Property, plant & equipment (net) | $18.5M | $18.6M | $4.9M | $5.1M | $599,634 | $599,634 | $583,648 | $1.32B | $1.36B | $1.19B |
| Goodwill & intangible assets | $10.7M | $10.7M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $894,000 | $1.3M | $1.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.6M | $2.9M | $2.7M | $1.8M | $1.3M | $743,740 | $1.1M | $6.2M | $22.9M | $30.1M |
| Total assets | $78.5M | $69.2M | $35.2M | $27.2M | $20.6M | $17.9M | $10.8M | $1.47B | $1.49B | $1.30B |
| Liabilities | ||||||||||
| Accounts payable | $1.3M | $1.4M | $1.5M | $722,709 | $668,267 | $642,609 | $350,991 | $368,570 | $13.1M | $9.1M |
| Short-term debt | $2.1M | $3.3M | $2.6M | $2.3M | $858,931 | $855,042 | $869,772 | $260,571 | $18.2M | $17.7M |
| Deferred revenue | — | $5.0M | $2.6M | $3.5M | $3.1M | $1.8M | $779,057 | $5.3M | $5.8M | $5.3M |
| Total current liabilities | $12.4M | $13.8M | $10.5M | $8.5M | $6.4M | $6.2M | $3.8M | $984.6M | $144.8M | $86.6M |
| Long-term debt | $0 | $481,264 | $123,862 | $45,325 | $127,441 | $222,928 | $308,146 | $0 | $0 | $0 |
| Lease obligations | — | $16.3M | $4.1M | $4.8M | $0 | $55,778 | $71,841 | — | — | — |
| Other long-term liabilities | $13.4M | $13.9M | $2.2M | $3.3M | $499,594 | $498,554 | $526,556 | $682.9M | $1.62B | $1.44B |
| Total liabilities | $25.8M | $28.2M | $12.8M | $11.8M | $7.0M | $7.0M | $4.7M | $1.67B | $1.76B | $1.52B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $12,797 | $12,453 | $9,291 | $18,582 | $18,409 | $18,232 | $611,000 | $1.1M | — | — |
| Retained earnings (deficit) | $22.9M | $13.8M | $6.2M | $1.1M | −$666,916 | −$3.0M | $3.0M | −$218.5M | −$532.0M | −$482.3M |
| Accumulated other comprehensive income | — | — | — | — | — | $0 | — | — | — | — |
| Total shareholders' equity | $52.8M | $41.0M | $22.4M | $15.4M | $13.6M | $11.0M | $6.1M | −$217.4M | −$532.0M | −$482.3M |
| Key figures | ||||||||||
| Total debt | $15.4M | $17.7M | $4.8M | $5.6M | $953,243 | $1.1M | $1.2M | $1.33B | $1.36B | $1.18B |
| Net cash (debt) | $7.3M | $2.6M | $5.5M | $3.7M | $7.8M | $6.7M | $205,999 | −$1.33B | −$1.36B | −$1.18B |
| Working capital | $33.4M | $23.3M | $14.1M | $8.9M | $9.4M | $7.4M | $2.2M | −$833.6M | −$32.2M | −$3.8M |
| Tangible book value | $42.1M | $30.3M | $19.4M | $12.4M | $10.6M | $8.0M | $3.1M | −$218.3M | −$533.2M | −$484.0M |
| Book value per share | $3.79 | $3.24 | $1.89 | $0.56 | $0.49 | $0.41 | $0.40 | — | — | — |
| Shares outstanding | 13.9M | 12.7M | 11.9M | 27.8M | 27.8M | 26.8M | 15.1M | — | — | — |
| Current ratio | 3.70 | 2.69 | 2.35 | 2.04 | 2.47 | 2.18 | 1.57 | 0.15 | 0.78 | 0.96 |
| Quick ratio | 3.53 | 2.58 | 2.24 | 1.84 | 2.14 | 2.02 | 1.47 | 0.00 | 0.63 | 0.80 |
| Debt / equity | 0.29 | 0.43 | 0.22 | 0.36 | 0.07 | 0.10 | 0.20 | — | — | — |
| Equity / assets | 67.2% | 59.3% | 63.7% | 56.6% | 66.0% | 61.3% | 56.5% | −14.7% | −35.6% | −37.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $22.7M | $21.7M | $21.1M | $20.6M | $20.3M | $17.3M | $16.9M | $21.5M | $10.4M | $11.4M | $11.7M |
| Cash & equivalents | $22.7M | $21.7M | $21.1M | $20.6M | $20.3M | $17.3M | $16.9M | $21.5M | $10.4M | $11.4M | $11.7M |
| Receivables | $20.9M | $19.7M | $18.5M | $18.0M | $15.3M | $16.5M | $13.6M | $12.3M | $13.0M | $9.6M | $8.6M |
| Inventory | $0 | $2.1M | $2.0M | $1.9M | $1.2M | $1.1M | $1.1M | $733,954 | $833,203 | $727,870 | $708,078 |
| Other current assets | $2.1M | $433,658 | $275,875 | $409,265 | $285,382 | $289,350 | $316,131 | $324,003 | $340,016 | $214,126 | $287,224 |
| Total current assets | $45.8M | $44.0M | $41.8M | $40.9M | $37.1M | $35.3M | $31.9M | $34.9M | $24.6M | $21.9M | $21.3M |
| Property, plant & equipment (net) | $18.5M | $17.8M | $17.8M | $18.1M | $18.6M | $18.7M | $16.8M | $9.9M | $4.9M | $5.2M | $5.6M |
| Goodwill & intangible assets | $10.7M | $10.7M | $10.7M | $10.3M | $10.7M | $10.2M | $10.3M | $3.0M | $3.0M | $3.0M | $3.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.6M | $3.0M | $2.8M | $2.9M | $2.9M | $2.9M | $3.1M | $2.8M | $2.7M | $1.7M | $1.8M |
| Total assets | $78.5M | $75.5M | $73.1M | $72.1M | $69.2M | $67.1M | $62.1M | $50.6M | $35.2M | $31.9M | $31.7M |
| Liabilities | |||||||||||
| Accounts payable | $1.3M | $1.3M | $1.3M | $1.7M | $1.4M | $1.1M | $1.1M | $1.7M | $1.5M | $713,846 | $663,617 |
| Short-term debt | $2.2M | $2.7M | $2.7M | $2.9M | $3.3M | $3.4M | $3.6M | $2.9M | — | $2.5M | $2.4M |
| Deferred revenue | $4.8M | $5.6M | $5.3M | $5.4M | $5.0M | $5.9M | $4.6M | $3.8M | — | $4.2M | $4.0M |
| Total current liabilities | $12.4M | $13.1M | $14.0M | $15.0M | $13.8M | $13.3M | $12.9M | $11.4M | $10.5M | $9.6M | $10.8M |
| Long-term debt | $0 | $36,711 | $49,455 | $64,912 | $481,264 | $106,854 | $123,203 | $139,170 | $123,862 | $72,285 | $283,484 |
| Lease obligations | — | $14.9M | $15.0M | $15.6M | $16.3M | $16.9M | $15.2M | $8.8M | $4.1M | $4.4M | $4.6M |
| Other long-term liabilities | $13.4M | $12.8M | $12.9M | $13.4M | $13.9M | $14.4M | $12.6M | $6.5M | $2.2M | $2.6M | $2.9M |
| Total liabilities | $25.8M | $25.9M | $27.0M | $28.4M | $28.2M | $27.8M | $25.7M | $18.0M | $12.8M | $12.3M | $13.9M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $12,797 | $12,636 | $12,604 | $12,497 | $12,453 | $12,380 | $12,373 | $11,867 | — | $18,582 | $18,582 |
| Retained earnings (deficit) | $22.9M | $21.0M | $18.0M | $15.9M | $13.8M | $12.5M | $9.7M | $8.3M | $6.2M | $5.3M | $3.5M |
| Total shareholders' equity | $52.8M | $49.5M | $46.1M | $43.7M | $41.0M | $39.3M | $36.4M | $32.6M | $22.4M | $19.6M | $17.8M |
| Key figures | |||||||||||
| Total debt | $15.4M | $15.5M | $15.7M | $16.4M | $17.7M | $17.9M | $16.3M | $9.5M | $123,862 | $5.1M | $5.5M |
| Net cash (debt) | $7.3M | $6.2M | $5.4M | $4.2M | $2.6M | −$575,493 | $559,004 | $11.9M | $10.3M | $6.3M | $6.2M |
| Working capital | $33.4M | $30.9M | $27.8M | $25.9M | $23.3M | $22.0M | $18.9M | $23.5M | $14.1M | $12.3M | $10.5M |
| Tangible book value | $42.1M | $38.8M | $35.4M | $33.4M | $30.3M | $29.0M | $26.1M | $29.6M | $19.4M | $16.6M | $14.8M |
| Book value per share | $3.74 | $3.52 | $3.32 | $3.14 | $3.01 | $2.90 | $2.71 | $2.74 | $1.93 | $0.70 | $0.64 |
| Shares outstanding | 14.1M | 14.1M | 13.9M | 13.9M | 13.6M | 13.5M | 13.4M | 11.9M | 11.6M | 27.8M | 27.8M |
| Current ratio | 3.70 | 3.36 | 2.98 | 2.73 | 2.69 | 2.65 | 2.46 | 3.07 | 2.35 | 2.28 | 1.97 |
| Quick ratio | 3.53 | 3.16 | 2.82 | 2.58 | 2.58 | 2.54 | 2.36 | 2.98 | 2.24 | 2.18 | 1.88 |
| Debt / equity | 0.29 | 0.31 | 0.34 | 0.38 | 0.43 | 0.46 | 0.45 | 0.29 | 0.01 | 0.26 | 0.31 |
| Equity / assets | 67.2% | 65.6% | 63.0% | 60.6% | 59.3% | 58.5% | 58.7% | 64.4% | 63.7% | 61.4% | 56.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 24, 2026); data from EODHD.
LGCY financial position
At the end of fiscal 2026 (June 30, 2026), Legacy Education had total assets of $78.5 million (up 13.5% from a year earlier), total liabilities of $25.8 million and shareholders' equity of $52.8 million. It held $22.7 million in cash and short-term investments against $15.4 million of debt, a net cash position of $7.3 million. Its current ratio was 3.70.
Related: LGCY income statement, LGCY cash flow statement, LGCY key metrics. See the LGCY stock overview for the latest quote and news.
LGCY balance sheet FAQ
What are Legacy Education's total assets?
Legacy Education reported total assets of $78.5 million at the end of fiscal 2026 (June 30, 2026), compared with $69.2 million a year earlier.
How much debt does Legacy Education have?
Legacy Education had $15.4 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.29.
How much cash does Legacy Education have?
Legacy Education held $22.7 million in cash and short-term investments at the end of fiscal 2026; with $15.4 million of debt that is net cash of $7.3 million.
What is Legacy Education's book value?
Legacy Education's shareholders' equity (book value) was $52.8 million at the end of fiscal 2026, or $3.79 per share.
What is Legacy Education's current ratio?
Legacy Education had current assets of $45.8 million and current liabilities of $12.4 million, a current ratio of 3.70 (it can cover its short-term obligations).
How much goodwill does Legacy Education have?
Legacy Education carried $10.7 million of goodwill and intangible assets, 13.6% of total assets, at the end of fiscal 2026.