Lion Group Holding Ltd. (LGHL) Balance Sheet
LGHL balance sheet, 2025
December 31, 2025 · U.S. dollars$54.6M assets = $32.3M liabilities + $22.3M equity
Both columns are drawn to the same scale: what LGHL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LGHL financial health
Descriptive bands, not a rating. Fiscal 2025.
LGHL balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13.9M2017 | $54.6M2025 | +18.7%/yr | |
| Total liabilities | $2.3M2017 | $32.3M2025 | +39.4%/yr | |
| Shareholders’ equity | $11.6M2017 | $25.6M2025 | +10.4%/yr | |
| Cash & short-term investments | $3.0M2017 | $24.0M2025 | +29.9%/yr | |
| Total debt | $1.5M2019 | $18.3M2025 | +51.0%/yr | |
| Net cash (debt) | $5.0M2019 | $5.7M2025 | +$676,196 | |
| Working capital | $265,5662017 | $17.2M2025 | +$16.9M | |
| Current ratio | 1.132017 | 2.902025 | +1.77 | |
| Debt / equity | 0.212019 | 0.712025 | +0.50 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LGHL assets
LGHL liabilities and equity
LGHL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LGHL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $24.0M | $16.9M | $33.5M | $22.3M | $31.0M | $3.4M | $6.6M | $8.2M | $3.0M |
| Cash & equivalents | $20.1M | $16.9M | $29.0M | $11.2M | $15.1M | $3.4M | $6.4M | $7.1M | $3.0M |
| Short-term investments | $3.8M | $2,423 | $4.5M | $11.1M | $15.9M | $17,622 | $180,201 | $1.1M | — |
| Receivables | $1.3M | $1.1M | $13.9M | $534,437 | $67,352 | $724,708 | $1.9M | $6.6M | $1.9M |
| Inventory | $0 | $0 | $29.0M | −$52.1M | −$103.9M | −$11.1M | $15.1M | $0 | $0 |
| Other current assets | $1.0M | $638,204 | $0 | $98.4M | $201.2M | $23.6M | $0 | $0 | $0 |
| Total current assets | $26.2M | $18.6M | $53.4M | $69.0M | $128.4M | $16.6M | $13.0M | $3.1M | $2.3M |
| Property, plant & equipment (net) | $15.1M | $17.6M | $20.4M | $14.9M | $17.5M | $34,919 | $73,688 | $105,960 | $76,120 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $86,728 | $67,963 | $63,847 | $63,979 |
| Long-term investments | $13.3M | $0 | $0 | $1.4M | $1.6M | $0 | $0 | $0 | $0 |
| Other non-current assets | $27,226 | $110,951 | $677,158 | $1.2M | $1.5M | $6.2M | $234,021 | $15.4M | $11.4M |
| Total assets | $54.6M | $36.4M | $74.5M | $86.6M | $148.9M | $22.9M | $13.4M | $18.7M | $13.9M |
| Liabilities | |||||||||
| Accounts payable | $2.1M | $19.7M | $37.6M | $48.8M | $89.1M | $9.1M | $3.9M | $9.7M | $2.0M |
| Short-term debt | $170,048 | $3.4M | $647,440 | $1.3M | $110,000 | $293,905 | $1.5M | — | — |
| Deferred revenue | — | — | −$537,440 | — | $1.8M | $1.9M | — | — | — |
| Total current liabilities | $9.1M | $27.8M | $44.3M | $53.9M | $91.5M | $11.3M | $6.2M | $9.7M | $2.1M |
| Long-term debt | $18.0M | $1.2M | $1.6M | $4.1M | $0 | $816,006 | $0 | $0 | $0 |
| Lease obligations | $111,279 | $207,716 | $620,920 | $1.2M | $0 | — | — | — | — |
| Other long-term liabilities | $5.2M | $178,770 | $193,167 | $1.3M | $3.2M | $0 | $4.7M | $9.9M | $2.3M |
| Total liabilities | $32.3M | $29.2M | $46.1M | $59.2M | $94.7M | $12.1M | $6.2M | $9.9M | $2.3M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $15.2M | $184,299 | $20,309 | $5,860 | $3,952 | $1,947 | $709 | $12.5M | $12.5M |
| Retained earnings (deficit) | −$72.2M | −$67.2M | −$39.8M | −$34.5M | −$2.9M | −$3.7M | −$376,903 | −$3.6M | −$827,421 |
| Accumulated other comprehensive income | −$130,259 | −$312,081 | −$268,562 | −$303,213 | −$57,532 | −$17,468 | −$37,955 | −$113,587 | −$88,842 |
| Minority interest | −$3.3M | −$3.3M | −$3.1M | −$1.5M | — | — | — | — | — |
| Total shareholders' equity | $25.6M | $10.5M | $31.5M | $28.9M | $55.0M | $10.8M | $7.2M | $8.8M | $11.6M |
| Key figures | |||||||||
| Total debt | $18.3M | $4.6M | $2.3M | $5.4M | $110,000 | $1.1M | $1.5M | — | — |
| Net cash (debt) | $5.7M | $12.3M | $31.1M | $16.9M | $30.9M | $2.3M | $5.0M | — | — |
| Working capital | $17.2M | −$9.2M | $9.1M | $15.2M | $36.9M | $5.3M | $6.8M | −$6.6M | $265,566 |
| Tangible book value | $25.6M | $10.5M | $31.5M | $28.9M | $55.0M | $10.7M | $7.1M | $8.7M | $11.5M |
| Current ratio | 2.90 | 0.67 | 1.20 | 1.28 | 1.40 | 1.47 | 2.09 | 0.32 | 1.13 |
| Quick ratio | 2.79 | 0.65 | 1.07 | 0.42 | 0.34 | 0.37 | 1.37 | 1.52 | 2.36 |
| Debt / equity | 0.71 | 0.44 | 0.07 | 0.19 | 0.00 | 0.10 | 0.21 | — | — |
| Equity / assets | 46.9% | 29.0% | 42.3% | 33.3% | 36.9% | 47.0% | 53.6% | 47.0% | 83.6% |
| Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $24.0M | $24.0M | $23.1M | $16.9M | $16.9M | $16.9M | $19.8M | $19.8M | $33.5M | $29.0M | $32.6M | $15.8M |
| Cash & equivalents | $20.1M | $20.1M | $23.1M | $16.9M | $16.9M | $16.9M | $19.8M | $19.8M | $29.0M | $29.0M | $15.8M | $15.8M |
| Short-term investments | $3.8M | $3.8M | $2,496 | $2,423 | $2,423 | — | $817 | $4.5M | $4.5M | — | $16.8M | $11.1M |
| Receivables | $1.3M | $1.3M | $541,337 | $1.1M | $1.1M | $0 | $8.4M | $13.9M | $13.9M | $0 | $33.4M | $41.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.0M | $71.4M | $0 | $71.4M | $72.3M |
| Other current assets | $1.0M | $1.0M | $0 | $638,204 | $638,204 | — | $1.7M | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $26.2M | $26.2M | $23.7M | $18.6M | $18.6M | — | $29.9M | $19.8M | $53.4M | $29.0M | $69.8M | $15.8M |
| Property, plant & equipment (net) | $15.1M | $15.1M | $16.3M | $17.6M | $17.6M | $17.6M | $19.1M | $19.1M | $20.4M | $20.4M | $13.8M | $13.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $13.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $0 |
| Other non-current assets | $13.3M | $27,226 | $6.9M | $110,951 | $110,951 | $18.8M | $117,434 | $10.3M | $677,158 | $25.2M | $8.6M | $64.0M |
| Total assets | $54.6M | $54.6M | $46.9M | $36.4M | $36.4M | $36.4M | $49.1M | $49.1M | $74.5M | $74.5M | $93.6M | $93.6M |
| Liabilities | ||||||||||||
| Accounts payable | $2.1M | $2.1M | — | $19.7M | $19.7M | — | $12.7M | $37.6M | $37.6M | — | $57.1M | $48.8M |
| Short-term debt | $170,048 | — | $168,759 | $3.4M | $3.4M | — | $1.1M | $647,440 | $647,440 | — | $715,806 | $711,531 |
| Deferred revenue | — | — | — | — | — | — | — | −$537,440 | $2.0M | — | $2.0M | — |
| Total current liabilities | $9.1M | $9.1M | $168,759 | $27.8M | $27.8M | — | $25.2M | $4.6M | $44.3M | $2.2M | $61.2M | $2.0M |
| Long-term debt | $0 | $18.0M | $0 | $0 | $1.2M | $0 | $1.6M | $0 | $1.6M | $0 | $2.4M | $0 |
| Lease obligations | — | $111,279 | — | — | $207,716 | — | $451,888 | — | $620,920 | — | $915,585 | — |
| Other long-term liabilities | $23.3M | $5.2M | $42.3M | $1.3M | $178,770 | $29.2M | $20.8M | $22.4M | $193,167 | $43.9M | $511,655 | $62.1M |
| Total liabilities | $32.3M | $32.3M | $42.5M | $29.2M | $29.2M | $29.2M | $27.0M | $27.0M | $46.1M | $46.1M | $64.1M | $64.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $15.2M | — | $697,794 | $184,299 | $184,299 | $184,299 | $38,149 | $38,149 | $20,309 | $20,309 | $8,769 | $8,769 |
| Retained earnings (deficit) | −$72.2M | −$72.2M | −$74.8M | −$67.2M | −$67.2M | −$67.2M | −$47.4M | −$47.4M | −$39.8M | −$39.8M | −$33.8M | −$33.8M |
| Accumulated other comprehensive income | −$130,259 | — | −$218,673 | −$312,081 | −$312,081 | −$361,717 | −$340,721 | −$340,730 | −$268,562 | −$268,561 | −$224,677 | −$224,676 |
| Minority interest | — | −$3.3M | — | — | −$3.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $25.6M | $25.6M | $7.8M | $10.5M | $10.5M | $10.5M | $25.4M | $25.4M | $31.5M | $31.5M | $32.7M | $32.7M |
| Key figures | ||||||||||||
| Total debt | $18.3M | $18.0M | $11.2M | $1.3M | $4.6M | $1.3M | $2.8M | $1.7M | $2.3M | $1.7M | $3.5M | $2.6M |
| Net cash (debt) | $5.7M | $5.9M | $11.9M | $15.7M | $12.3M | $15.7M | $17.0M | $18.1M | $31.1M | $27.2M | $29.1M | $13.1M |
| Working capital | $17.2M | $17.2M | $23.5M | −$9.2M | −$9.2M | — | $4.7M | $15.2M | $9.1M | $26.8M | $8.6M | $13.8M |
| Tangible book value | $25.6M | $25.6M | $7.8M | $10.5M | $10.5M | $10.5M | $25.4M | $25.4M | $31.5M | $31.5M | $32.7M | $32.7M |
| Book value per share | — | — | — | — | — | — | — | $241.79 | — | $882.56 | — | $1,309.20 |
| Shares outstanding | — | — | — | — | — | — | — | 105K | — | 36K | — | 25K |
| Current ratio | 2.90 | 2.90 | 140.14 | 0.67 | 0.67 | — | 1.19 | 4.30 | 1.20 | 13.17 | 1.14 | 7.87 |
| Quick ratio | 2.79 | 2.79 | 140.14 | 0.65 | 0.65 | — | 1.12 | 7.33 | 1.07 | 13.17 | 1.08 | 28.37 |
| Debt / equity | 0.71 | 0.70 | 1.43 | 0.12 | 0.44 | 0.12 | 0.11 | 0.07 | 0.07 | 0.05 | 0.11 | 0.08 |
| Equity / assets | 46.9% | 46.9% | 16.7% | 29.0% | 29.0% | 29.0% | 51.8% | 51.8% | 42.3% | 42.3% | 34.9% | 34.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
LGHL financial position
At the end of fiscal 2025 (December 31, 2025), Lion had total assets of $54.6 million (up 50.3% from a year earlier), total liabilities of $32.3 million and shareholders' equity of $25.6 million. It held $24.0 million in cash and short-term investments against $18.3 million of debt, a net cash position of $5.7 million. Its current ratio was 2.90. In the latest quarter (ended March 31, 2026) total assets were $54.6 million and equity $25.6 million.
Related: LGHL income statement, LGHL cash flow statement, LGHL key metrics. See the LGHL stock overview for the latest quote and news.
LGHL balance sheet FAQ
What are Lion's total assets?
Lion reported total assets of $54.6 million at the end of fiscal 2025 (December 31, 2025), compared with $36.4 million a year earlier.
How much debt does Lion have?
Lion had $18.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.71.
How much cash does Lion have?
Lion held $24.0 million in cash and short-term investments at the end of fiscal 2025; with $18.3 million of debt that is net cash of $5.7 million.
What is Lion's book value?
Lion's shareholders' equity (book value) was $25.6 million at the end of fiscal 2025.
What is Lion's current ratio?
Lion had current assets of $26.2 million and current liabilities of $9.1 million, a current ratio of 2.90 (it can cover its short-term obligations).