MAIA Biotechnology, Inc. (MAIA) Balance Sheet
MAIA balance sheet, 2025
December 31, 2025 · U.S. dollars$9.7M assets = $7.3M liabilities + $2.4M equity
Both columns are drawn to the same scale: what MAIA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MAIA financial health
Descriptive bands, not a rating. Fiscal 2025.
MAIA balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.7M2019 | $9.7M2025 | +33.2%/yr | |
| Total liabilities | $409,7372019 | $7.3M2025 | +61.7%/yr | |
| Shareholders’ equity | −$172,8672019 | $2.4M2025 | — | |
| Cash & short-term investments | $1.7M2019 | $8.66B2025 | +314.4%/yr | |
| Total debt | $34,1722019 | $111,2712021 | +80.4%/yr | |
| Net cash (debt) | $1.7M2019 | $10.5M2021 | +$8.8M | |
| Working capital | $1.4M2019 | $3.9M2025 | +$2.5M | |
| Book value per share | $0.042023 | $0.072025 | +43.3%/yr | |
| Current ratio | 4.632019 | 1.662025 | −2.97 | |
| Shares outstanding | 13.3M2023 | 32.1M2025 | +55.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MAIA assets
MAIA liabilities and equity
MAIA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MAIA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $8.66B | $9.6M | $7.2M | $11.0M | $10.6M | $663,457 | $1.7M |
| Cash & equivalents | $8.66B | $9.6M | $7.2M | $11.0M | $10.6M | $663,457 | $1.7M |
| Receivables | $0 | $77,347 | $144,680 | $302,789 | $43,666 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | −$43,666 | $0 | $0 |
| Other current assets | $0 | $473,834 | $268,677 | $554,321 | $98,203 | $83,048 | $24,964 |
| Total current assets | $9.7M | $10.2M | $7.6M | $11.8M | $10.7M | $746,505 | $1.7M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2,800 | $2,800 | $2,800 | $214,003 | $654,704 | $0 | $0 |
| Total assets | $9.7M | $10.2M | $7.6M | $12.0M | $11.3M | $746,505 | $1.7M |
| Liabilities | |||||||
| Accounts payable | $2.0M | $1.5M | $1.6M | $1.2M | $960,401 | $154,886 | $169,188 |
| Short-term debt | — | — | — | — | $111,271 | $31,953 | $25,000 |
| Deferred revenue | — | — | — | — | $111,271 | — | $1 |
| Total current liabilities | $5.8M | $3.8M | $4.9M | $3.3M | $2.1M | $1.7M | $374,565 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $431,801 | $0 |
| Other long-term liabilities | $1.5M | $2.7M | $2.2M | $245,341 | $960,401 | $237,260 | $35,172 |
| Total liabilities | $7.3M | $6.5M | $7.1M | $3.5M | $2.1M | $2.4M | $409,737 |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $3,863 | $2,616 | $1,699 | $1,096 | $758 | $443 | $442 |
| Retained earnings (deficit) | −$109.6M | −$87.2M | −$64.0M | −$44.2M | −$28.4M | −$15.9M | −$9.3M |
| Accumulated other comprehensive income | −$50,228 | −$30,615 | −$16,260 | −$15,973 | — | −$2,002 | −$104,402 |
| Total shareholders' equity | $2.4M | $3.6M | $477,511 | $8.5M | $9.2M | −$3.3M | −$172,867 |
| Key figures | |||||||
| Total debt | — | — | — | — | $111,271 | $463,754 | $34,172 |
| Net cash (debt) | — | — | — | — | $10.5M | $199,703 | $1.7M |
| Working capital | $3.9M | $6.3M | $2.6M | $8.5M | $8.5M | −$947,239 | $1.4M |
| Tangible book value | $2.4M | $3.6M | $477,511 | $8.5M | $9.2M | −$3.3M | −$172,867 |
| Book value per share | $0.07 | $0.16 | $0.04 | — | — | — | — |
| Shares outstanding | 32.1M | 22.2M | 13.3M | — | — | — | — |
| Current ratio | 1.66 | 2.65 | 1.53 | 3.61 | 4.97 | 0.44 | 4.63 |
| Quick ratio | 1,483.45 | 2.53 | 1.48 | 3.44 | 4.95 | 0.39 | 4.56 |
| Debt / equity | — | — | — | — | 0.01 | — | — |
| Equity / assets | 24.5% | 35.8% | 6.3% | 70.8% | 81.1% | −446.9% | −10.0% |
| 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 | $27.6M | $34.4M | $8.7M | $10.9M | $10.1M | $10.9M | $9.6M | $8.7M | $11.6M | $8.3M | $7.2M | $6.1M |
| Cash & equivalents | $27.6M | $34.4M | $8.7M | $10.9M | $10.1M | $10.9M | $9.6M | $8.7M | $11.6M | $8.3M | $7.2M | $6.1M |
| Receivables | $0 | $0 | $0 | $82,685 | $82,272 | $78,084 | $77,347 | $53,608 | $177,687 | $155,969 | $144,680 | $114,426 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 |
| Other current assets | $641,540 | $902,017 | $1.0M | $780,515 | $816,260 | $920,472 | $473,834 | $495,650 | $259,730 | $272,581 | $268,677 | $414,120 |
| Total current assets | $28.2M | $35.3M | $9.7M | $11.8M | $11.0M | $11.9M | $10.2M | $9.2M | $12.0M | $8.7M | $7.6M | $6.6M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2,800 | $7,518 | $2,800 | $27,085 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $16,036 | $2,800 | $367,940 |
| Total assets | $28.2M | $35.3M | $9.7M | $11.8M | $11.0M | $11.9M | $10.2M | $9.2M | $12.0M | $8.7M | $7.6M | $7.0M |
| Liabilities | ||||||||||||
| Accounts payable | $2.8M | $3.0M | $2.0M | $3.2M | $1.7M | $1.8M | $1.5M | $1.2M | $1.3M | $1.9M | $1.6M | $1.2M |
| Total current liabilities | $6.3M | $6.3M | $5.8M | $10.0M | $5.0M | $5.1M | $3.8M | $3.6M | $3.5M | $4.9M | $4.9M | $4.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.3M | $1.2M | $1.5M | $1.7M | $2.1M | $1.9M | $2.7M | $4.0M | $5.3M | $9.6M | $2.2M | $103,407 |
| Total liabilities | $7.6M | $7.6M | $7.3M | $11.7M | $7.2M | $6.9M | $6.5M | $7.6M | $8.9M | $14.5M | $7.1M | $4.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,082 | $6,068 | $3,863 | $3,446 | $3,182 | $2,959 | $2,616 | $2,397 | $2,374 | $2,059 | $1,699 | $1,377 |
| Retained earnings (deficit) | −$123.9M | −$116.0M | −$109.6M | −$106.0M | −$97.1M | −$91.8M | −$87.2M | −$83.7M | −$80.9M | −$72.0M | −$64.0M | −$57.7M |
| Accumulated other comprehensive income | −$41,689 | −$39,667 | −$50,228 | −$30,835 | −$30,028 | −$38,155 | −$30,615 | −$11,702 | −$22,178 | −$30,046 | −$16,260 | −$43,766 |
| Total shareholders' equity | $20.7M | $27.8M | $2.4M | $41,670 | $3.9M | $4.9M | $3.6M | $1.6M | $3.2M | −$5.8M | $477,511 | $2.7M |
| Key figures | ||||||||||||
| Working capital | $22.0M | $29.0M | $3.9M | $1.8M | $6.0M | $6.8M | $6.3M | $5.6M | $8.5M | $3.8M | $2.6M | $2.5M |
| Tangible book value | $20.7M | $27.8M | $2.4M | $41,670 | $3.9M | $4.9M | $3.6M | $1.6M | $3.2M | −$5.8M | $477,511 | $2.7M |
| Book value per share | $0.34 | $0.86 | $0.07 | $0.00 | $0.13 | $0.18 | $0.14 | $0.07 | $0.14 | −$0.33 | $0.03 | $0.20 |
| Shares outstanding | 60.8M | 32.1M | 32.1M | 33.2M | 30.3M | 27.7M | 26.2M | 23.9M | 22.2M | 17.6M | 17.0M | 13.7M |
| Current ratio | 4.51 | 5.59 | 1.66 | 1.18 | 2.19 | 2.35 | 2.65 | 2.56 | 3.42 | 1.77 | 1.53 | 1.60 |
| Quick ratio | 4.41 | 5.44 | 1.48 | 1.10 | 2.03 | 2.16 | 2.53 | 2.42 | 3.35 | 1.72 | 1.48 | 1.50 |
| Equity / assets | 73.2% | 78.6% | 24.5% | 0.4% | 35.1% | 41.7% | 35.8% | 17.5% | 26.3% | −66.1% | 6.3% | 39.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
MAIA financial position
At the end of fiscal 2025 (December 31, 2025), MAIA Biotechnology had total assets of $9.7 million (down 4.4% from a year earlier), total liabilities of $7.3 million and shareholders' equity of $2.4 million. Its current ratio was 1.66. In the latest quarter (ended June 30, 2026) total assets were $28.2 million and equity $20.7 million.
Related: MAIA income statement, MAIA cash flow statement, MAIA key metrics. See the MAIA stock overview for the latest quote and news.
MAIA balance sheet FAQ
What are MAIA Biotechnology's total assets?
MAIA Biotechnology reported total assets of $9.7 million at the end of fiscal 2025 (December 31, 2025), compared with $10.2 million a year earlier.
How much cash does MAIA Biotechnology have?
MAIA Biotechnology held $8.7 billion in cash and short-term investments at the end of fiscal 2025.
What is MAIA Biotechnology's book value?
MAIA Biotechnology's shareholders' equity (book value) was $2.4 million at the end of fiscal 2025, or $0.07 per share.
What is MAIA Biotechnology's current ratio?
MAIA Biotechnology had current assets of $9.7 million and current liabilities of $5.8 million, a current ratio of 1.66 (it can cover its short-term obligations).