Innovative Eyewear, Inc. (LUCY) Balance Sheet
LUCY balance sheet, 2025
December 31, 2025 · U.S. dollars$10.1M assets = $1.1M liabilities + $9.1M equity
Both columns are drawn to the same scale: what LUCY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LUCY financial health
Descriptive bands, not a rating. Fiscal 2025.
LUCY balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $02019 | $10.1M2025 | — | |
| Total liabilities | $483,8252019 | $1.1M2025 | +14.2%/yr | |
| Shareholders’ equity | −$483,8252019 | $9.1M2025 | — | |
| Cash & short-term investments | $02019 | $6.5M2025 | — | |
| Total debt | $599,5422020 | $28,4882025 | −45.6%/yr | |
| Net cash (debt) | −$572,5192020 | $6.5M2025 | +$7.1M | |
| Working capital | −$483,8252019 | $8.4M2025 | +$8.9M | |
| Current ratio | 0.002019 | 9.032025 | +9.03 | |
| Debt / equity | 1.392021 | 0.002025 | −1.39 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LUCY assets
LUCY liabilities and equity
LUCY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LUCY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $6.5M | $7.5M | $4.3M | $3.6M | $79,727 | $27,023 | $0 |
| Cash & equivalents | $6.5M | $2.6M | $4.3M | $3.6M | $79,727 | $27,023 | $0 |
| Short-term investments | $0 | $4.9M | — | — | — | — | — |
| Receivables | $476,734 | $131,312 | $93,211 | $110,258 | $43,394 | $0 | $0 |
| Inventory | $1.7M | $831,757 | $856,759 | $94,701 | $275,501 | $89,780 | $0 |
| Other current assets | $702,207 | $750,976 | $379,351 | $444,663 | $245,705 | $25,000 | $0 |
| Total current assets | $9.4M | $9.2M | $5.6M | $4.2M | $644,327 | $141,803 | $0 |
| Property, plant & equipment (net) | $61,777 | $107,562 | $132,848 | $119,745 | $20,284 | $0 | $0 |
| Goodwill & intangible assets | $559,968 | $451,302 | $396,502 | $247,630 | $159,706 | $69,213 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $83,075 | $41,229 | $72,644 | $81,778 | $0 | $20,647 | $0 |
| Total assets | $10.1M | $9.8M | $6.2M | $4.7M | $824,317 | $231,663 | $0 |
| Liabilities | |||||||
| Accounts payable | $985,417 | $692,817 | $581,986 | $275,660 | $167,050 | $51,410 | $0 |
| Short-term debt | — | — | −$42,499 | $61,356 | $289,029 | $599,542 | — |
| Deferred revenue | $59,889 | $44,901 | $42,500 | $30,000 | — | — | — |
| Total current liabilities | $1.0M | $737,718 | $624,486 | $600,005 | $616,801 | $765,853 | $483,825 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $28,488 | $5,450 | $35,450 | $65,450 | $456,079 | $650,952 | $0 |
| Total liabilities | $1.1M | $743,168 | $659,936 | $665,455 | $616,801 | $765,853 | $483,825 |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $55 | $25 | $129 | $73 | $60 | $41 | — |
| Retained earnings (deficit) | −$32.3M | −$24.7M | −$17.0M | −$10.3M | −$4.6M | −$1.4M | −$611,464 |
| Accumulated other comprehensive income | — | — | — | — | −$11,226 | −$20,647 | — |
| Total shareholders' equity | $9.1M | $9.1M | $5.6M | $4.0M | $207,516 | −$534,190 | −$483,825 |
| Key figures | |||||||
| Total debt | $28,488 | — | −$42,499 | $61,356 | $289,029 | $599,542 | — |
| Net cash (debt) | $6.5M | — | $4.3M | $3.5M | −$209,302 | −$572,519 | — |
| Working capital | $8.4M | $8.5M | $5.0M | $3.6M | $27,526 | −$624,050 | −$483,825 |
| Tangible book value | $8.5M | $8.6M | $5.2M | $3.8M | $47,810 | −$603,403 | −$483,825 |
| Book value per share | $2.27 | — | — | — | — | — | — |
| Shares outstanding | 4.0M | — | — | — | — | — | — |
| Current ratio | 9.03 | 12.52 | 8.99 | 7.07 | 1.04 | 0.19 | 0.00 |
| Quick ratio | 6.68 | 10.38 | 7.01 | 6.17 | 0.20 | 0.04 | 0.00 |
| Debt / equity | 0.00 | — | −0.01 | 0.02 | 1.39 | — | — |
| Equity / assets | 89.4% | 92.4% | 89.4% | 85.8% | 25.2% | −230.6% | — |
| 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 | $3.7M | $5.7M | $6.5M | $8.0M | $8.9M | $5.3M | $7.5M | $9.4M | $5.9M | $2.6M | $4.3M | $5.9M |
| Cash & equivalents | $2.5M | $4.4M | $6.5M | $6.7M | $7.6M | $5.3M | $2.6M | $4.5M | $5.9M | $2.6M | $4.3M | $3.9M |
| Short-term investments | $1.3M | $1.3M | $0 | $1.3M | $1.3M | $0 | $4.9M | $4.9M | — | — | — | $1.9M |
| Receivables | $136,402 | $71,506 | $476,734 | $83,358 | $57,957 | $89,664 | $131,312 | $80,887 | $61,613 | $52,779 | $93,211 | $127,619 |
| Inventory | $456,702 | $2.1M | $1.7M | $1.6M | $1.7M | $1.1M | $831,757 | $915,185 | $930,487 | $918,312 | $856,759 | $776,136 |
| Other current assets | $2.4M | $898,783 | $702,207 | $884,320 | $685,348 | $853,387 | $750,976 | $557,061 | $397,636 | $491,144 | $379,351 | $744,373 |
| Total current assets | $6.8M | $8.7M | $9.4M | $10.6M | $11.3M | $7.3M | $9.2M | $11.0M | $7.3M | $4.1M | $5.6M | $7.5M |
| Property, plant & equipment (net) | $31,368 | $50,224 | $61,777 | $58,243 | $58,330 | $127,008 | $107,562 | $106,689 | $130,645 | $143,487 | $132,848 | $178,470 |
| Goodwill & intangible assets | $627,930 | $599,609 | $559,968 | $421,491 | $435,043 | $457,750 | $451,302 | $431,034 | $349,195 | $440,265 | $396,502 | $382,352 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $28,219 | $83,075 | $83,075 | $96,492 | $109,410 | $27,284 | $41,229 | $66,972 | $92,715 | $118,458 | $72,644 | $54,112 |
| Total assets | $7.5M | $9.5M | $10.1M | $11.2M | $11.9M | $7.9M | $9.8M | $11.6M | $7.9M | $4.8M | $6.2M | $8.1M |
| Liabilities | ||||||||||||
| Accounts payable | $497,489 | $1.0M | $985,417 | $772,224 | $483,225 | $313,117 | $692,817 | $607,950 | $376,544 | $840,992 | $581,986 | $185,951 |
| Short-term debt | $45,366 | $32,134 | — | — | $54,533 | $52,285 | — | — | $75,591 | −$42,500 | −$42,499 | — |
| Deferred revenue | $19,871 | $14,969 | $59,889 | $48,591 | $68,302 | $81,839 | $44,901 | $45,013 | $42,500 | $42,500 | $42,500 | $42,950 |
| Total current liabilities | $562,726 | $1.1M | $1.0M | $884,651 | $606,060 | $447,241 | $737,718 | $652,963 | $494,635 | $883,492 | $624,486 | $431,180 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $11,659 | $20,477 | $28,488 | $40,352 | $52,458 | $0 | $5,450 | $12,950 | $20,450 | $27,949 | $35,450 | $42,500 |
| Total liabilities | $574,385 | $1.1M | $1.1M | $925,003 | $658,518 | $447,241 | $743,168 | $665,913 | $515,085 | $911,442 | $659,936 | $473,680 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $64 | $63 | $55 | $52 | $48 | $25 | $25 | $24 | $15 | $132 | $129 | $129 |
| Retained earnings (deficit) | −$36.3M | −$34.6M | −$32.3M | −$30.5M | −$28.6M | −$26.5M | −$24.7M | −$22.6M | −$20.9M | −$18.9M | −$17.0M | −$14.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | $0 | — | $0 |
| Total shareholders' equity | $6.9M | $8.4M | $9.1M | $10.3M | $11.3M | $7.5M | $9.1M | $10.9M | $7.3M | $3.9M | $5.6M | $7.6M |
| Key figures | ||||||||||||
| Total debt | $49,401 | $52,612 | $28,488 | — | $106,991 | $52,285 | — | — | $75,591 | −$42,500 | −$42,499 | — |
| Net cash (debt) | $3.7M | $5.6M | $6.5M | — | $8.8M | $5.2M | — | — | $5.8M | $2.7M | $4.3M | — |
| Working capital | $6.2M | $7.7M | $8.4M | $9.7M | $10.7M | $6.9M | $8.5M | $10.3M | $6.8M | $3.2M | $5.0M | $7.1M |
| Tangible book value | $6.3M | $7.8M | $8.5M | $9.8M | $10.8M | $7.0M | $8.6M | $10.5M | $7.0M | $3.5M | $5.2M | $7.3M |
| Book value per share | $1.08 | $1.34 | $1.65 | $2.10 | $3.51 | — | $3.71 | — | — | — | — | — |
| Shares outstanding | 6.4M | 6.2M | 5.5M | 4.9M | 3.2M | — | 2.5M | — | — | — | — | — |
| Current ratio | 12.06 | 8.02 | 9.03 | 11.98 | 18.70 | 16.39 | 12.52 | 16.83 | 14.73 | 4.65 | 8.99 | 17.40 |
| Quick ratio | 6.89 | 5.27 | 6.68 | 9.14 | 14.80 | 11.96 | 10.38 | 14.58 | 12.05 | 3.06 | 7.01 | 13.87 |
| Debt / equity | 0.01 | 0.01 | 0.00 | — | 0.01 | 0.01 | — | — | 0.01 | −0.01 | −0.01 | — |
| Equity / assets | 92.3% | 88.3% | 89.4% | 91.7% | 94.5% | 94.4% | 92.4% | 94.3% | 93.4% | 81.1% | 89.4% | 94.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 25, 2026); data from EODHD.
LUCY financial position
At the end of fiscal 2025 (December 31, 2025), Innovative Eyewear had total assets of $10.1 million (up 3.1% from a year earlier), total liabilities of $1.1 million and shareholders' equity of $9.1 million. It held $6.5 million in cash and short-term investments against $0.0 million of debt, a net cash position of $6.5 million. Its current ratio was 9.03. In the latest quarter (ended June 30, 2026) total assets were $7.5 million and equity $6.9 million.
Related: LUCY income statement, LUCY cash flow statement, LUCY key metrics. See the LUCY stock overview for the latest quote and news.
LUCY balance sheet FAQ
What are Innovative Eyewear's total assets?
Innovative Eyewear reported total assets of $10.1 million at the end of fiscal 2025 (December 31, 2025), compared with $9.8 million a year earlier.
How much debt does Innovative Eyewear have?
Innovative Eyewear had $0.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does Innovative Eyewear have?
Innovative Eyewear held $6.5 million in cash and short-term investments at the end of fiscal 2025; with $0.0 million of debt that is net cash of $6.5 million.
What is Innovative Eyewear's book value?
Innovative Eyewear's shareholders' equity (book value) was $9.1 million at the end of fiscal 2025, or $2.27 per share.
What is Innovative Eyewear's current ratio?
Innovative Eyewear had current assets of $9.4 million and current liabilities of $1.0 million, a current ratio of 9.03 (it can cover its short-term obligations).
How much goodwill does Innovative Eyewear have?
Innovative Eyewear carried $0.6 million of goodwill and intangible assets, 5.5% of total assets, at the end of fiscal 2025.