Lightbridge Corporation (LTBR) Balance Sheet
LTBR balance sheet, 2025
December 31, 2025 · U.S. dollars$203.8M assets = $847,451 liabilities + $203.0M equity
Both columns are drawn to the same scale: what LTBR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LTBR financial health
Descriptive bands, not a rating. Fiscal 2025.
LTBR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.8M2016 | $203.8M2025 | +45.9%/yr | |
| Total liabilities | $1.2M2016 | $847,4512025 | −4.2%/yr | |
| Shareholders’ equity | $5.6M2016 | $203.0M2025 | +49.1%/yr | |
| Cash & short-term investments | $3.6M2016 | $201.9M2025 | +56.5%/yr | |
| Total debt | $02016 | $02018 | — | |
| Net cash (debt) | $3.6M2016 | $24.6M2018 | +$21.1M | |
| Working capital | $3.4M2016 | $201.7M2025 | +$198.3M | |
| Book value per share | $2.692022 | $8.282025 | +45.5%/yr | |
| Debt / equity | 0.002016 | 0.002018 | 0.00 | |
| Shares outstanding | 10.8M2022 | 24.5M2025 | +31.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LTBR assets
LTBR liabilities and equity
LTBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LTBR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $201.9M | $40.0M | $28.6M | $28.9M | $24.7M | $21.5M | $18.0M | $24.6M | $4.5M | $3.6M |
| Cash & equivalents | $201.9M | $40.0M | $28.6M | $28.9M | $24.7M | $21.5M | $18.0M | $24.6M | $4.5M | $3.6M |
| Short-term investments | — | $40.0M | — | $19.9M | — | — | — | $0 | $0 | $237 |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $400,000 | $93,253 | $10,400 | $388,434 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $491,168 | $605,180 |
| Other current assets | $712,983 | $324,378 | $207,063 | $115,264 | $113,452 | $172,460 | $47,371 | $36,745 | $70,067 | $80,933 |
| Total current assets | $202.6M | $40.3M | $28.8M | $29.0M | $24.9M | $21.7M | $18.4M | $24.8M | $5.1M | $4.7M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $119,391 | $108,865 | $108,865 | $108,225 | $101,583 | $85,562 | $2.9M | $3.2M | $2.7M | $2.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.1M | $528,805 | $483,000 | $345,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $203.8M | $41.0M | $29.4M | $29.5M | $25.0M | $21.8M | $19.6M | $26.3M | $6.9M | $6.8M |
| Liabilities | ||||||||||
| Accounts payable | $600,000 | $200,000 | $100,000 | $200,000 | $100,000 | $200,000 | $350,299 | $258,056 | $1.2M | $1.2M |
| Short-term debt | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Deferred revenue | — | — | — | — | — | — | — | — | −$851,210 | — |
| Total current liabilities | $847,451 | $424,585 | $486,326 | $350,331 | $171,521 | $4.6M | $350,299 | $476,319 | $1.2M | $1.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $100,000 | $382,130 | $350,299 | $258,056 | $300,000 | $28,464 |
| Total liabilities | $847,451 | $424,585 | $486,326 | $350,331 | $171,521 | $4.6M | $350,299 | $476,319 | $1.2M | $1.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $33,407 | $18,784 | $13,698 | $11,900 | $9,759 | $6,567 | $3,252 | $2,738 | $12,738 | $7,112 |
| Retained earnings (deficit) | −$183.8M | −$164.2M | −$152.4M | −$144.5M | −$137.0M | −$129.2M | −$114.7M | −$103.5M | −$87.8M | −$80.7M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | — | $0 | — | — | $0 | $0 | $0 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $203.0M | $40.5M | $28.9M | $29.1M | $24.8M | $17.2M | $19.2M | $25.9M | $5.8M | $5.6M |
| Key figures | ||||||||||
| Total debt | — | — | — | — | — | — | — | $0 | $65,000 | $0 |
| Net cash (debt) | — | — | — | — | — | — | — | $24.6M | $4.5M | $3.6M |
| Working capital | $201.7M | $39.9M | $28.3M | $28.7M | $24.7M | $17.1M | $18.1M | $24.3M | $3.9M | $3.4M |
| Tangible book value | $202.9M | $40.4M | $28.8M | $29.0M | $24.7M | $17.1M | $16.3M | $22.7M | $3.1M | $3.2M |
| Book value per share | $8.28 | $2.80 | $2.39 | $2.69 | — | — | — | — | — | — |
| Shares outstanding | 24.5M | 14.5M | 12.1M | 10.8M | — | — | — | — | — | — |
| Current ratio | 239.04 | 94.95 | 59.23 | 82.82 | 144.94 | 4.74 | 52.54 | 52.00 | 4.42 | 3.83 |
| Quick ratio | 238.20 | 94.19 | 58.81 | 82.49 | 144.28 | 4.70 | 52.41 | 51.92 | 3.93 | 3.27 |
| Debt / equity | — | — | — | — | — | — | — | 0.00 | 0.01 | 0.00 |
| Equity / assets | 99.6% | 99.0% | 98.3% | 98.8% | 99.3% | 79.0% | 98.2% | 98.2% | 83.4% | 81.7% |
| 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 | $237.5M | $215.7M | $201.9M | $153.3M | $97.9M | $56.9M | $40.0M | $26.6M | $27.1M | $27.9M | $28.6M | $29.2M |
| Cash & equivalents | $237.5M | $215.7M | $201.9M | $153.3M | $97.9M | $56.9M | $40.0M | $26.6M | $27.1M | $27.9M | $28.6M | $29.2M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $1.0M | $1.5M | $712,983 | $1.3M | $460,913 | $546,267 | $324,378 | $403,922 | $302,668 | $401,859 | $207,063 | $252,403 |
| Total current assets | $238.5M | $217.1M | $202.6M | $154.6M | $98.4M | $57.5M | $40.3M | $27.0M | $27.4M | $28.3M | $28.8M | $29.5M |
| Property, plant & equipment (net) | $100,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $127,187 | $127,007 | $119,391 | $114,982 | $114,981 | $108,865 | $108,865 | $108,865 | $108,865 | $108,865 | $108,865 | $108,865 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.9M | $1.7M | $1.1M | $327,018 | $491,719 | $702,562 | $528,805 | $472,875 | $476,250 | $479,625 | $483,000 | $486,375 |
| Total assets | $240.6M | $218.9M | $203.8M | $155.1M | $99.0M | $58.3M | $41.0M | $27.6M | $28.0M | $28.9M | $29.4M | $30.1M |
| Liabilities | ||||||||||||
| Accounts payable | $600,000 | $500,000 | $600,000 | $460,097 | $400,000 | $300,000 | $200,000 | $100,000 | $200,000 | $200,000 | $100,000 | $100,000 |
| Total current liabilities | $2.0M | $1.3M | $847,451 | $1.6M | $1.2M | $966,209 | $424,585 | $1.2M | $932,832 | $907,421 | $486,326 | $875,639 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $2.0M | $1.3M | $847,451 | $1.6M | $1.2M | $966,209 | $424,585 | $1.2M | $932,832 | $907,421 | $486,326 | $875,639 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $37,405 | $35,000 | $33,407 | $30,385 | $25,545 | $21,557 | $18,784 | $15,276 | $14,591 | $14,190 | $13,698 | $12,934 |
| Retained earnings (deficit) | −$195.9M | −$190.1M | −$183.8M | −$176.6M | −$172.5M | −$169.0M | −$164.2M | −$160.2M | −$157.6M | −$155.2M | −$152.4M | −$150.0M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $238.6M | $217.6M | $203.0M | $153.5M | $97.8M | $57.3M | $40.5M | $26.5M | $27.0M | $28.0M | $28.9M | $29.2M |
| Key figures | ||||||||||||
| Working capital | $236.4M | $215.8M | $201.7M | $153.1M | $97.2M | $56.5M | $39.9M | $25.9M | $26.4M | $27.4M | $28.3M | $28.6M |
| Tangible book value | $238.5M | $217.5M | $202.9M | $153.4M | $97.7M | $57.2M | $40.4M | $26.4M | $26.9M | $27.9M | $28.8M | $29.1M |
| Book value per share | $7.48 | $6.79 | $6.08 | $6.82 | $4.39 | $2.93 | $2.80 | $1.86 | $1.94 | $2.08 | $2.28 | $2.38 |
| Shares outstanding | 31.9M | 32.0M | 33.4M | 22.5M | 22.3M | 19.5M | 14.5M | 14.2M | 13.9M | 13.5M | 12.7M | 12.3M |
| Current ratio | 116.56 | 168.12 | 239.04 | 99.11 | 82.35 | 59.49 | 94.95 | 23.32 | 29.34 | 31.24 | 59.23 | 33.68 |
| Quick ratio | 116.06 | 166.98 | 238.20 | 98.28 | 81.97 | 58.92 | 94.19 | 22.97 | 29.02 | 30.79 | 58.81 | 33.39 |
| Equity / assets | 99.1% | 99.4% | 99.6% | 99.0% | 98.8% | 98.3% | 99.0% | 95.8% | 96.7% | 96.9% | 98.3% | 97.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
LTBR financial position
At the end of fiscal 2025 (December 31, 2025), Lightbridge had total assets of $203.8 million (up 397.7% from a year earlier), total liabilities of $0.8 million and shareholders' equity of $203.0 million. Its current ratio was 239.04. In the latest quarter (ended June 30, 2026) total assets were $240.6 million and equity $238.6 million.
Related: LTBR income statement, LTBR cash flow statement, LTBR key metrics. See the LTBR stock overview for the latest quote and news.
LTBR balance sheet FAQ
What are Lightbridge's total assets?
Lightbridge reported total assets of $203.8 million at the end of fiscal 2025 (December 31, 2025), compared with $41.0 million a year earlier.
How much cash does Lightbridge have?
Lightbridge held $201.9 million in cash and short-term investments at the end of fiscal 2025.
What is Lightbridge's book value?
Lightbridge's shareholders' equity (book value) was $203.0 million at the end of fiscal 2025, or $8.28 per share.
What is Lightbridge's current ratio?
Lightbridge had current assets of $202.6 million and current liabilities of $0.8 million, a current ratio of 239.04 (it can cover its short-term obligations).
How much goodwill does Lightbridge have?
Lightbridge carried $0.1 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.