Marker Therapeutics, Inc. (MRKR) Balance Sheet
MRKR balance sheet, 2025
December 31, 2025 · U.S. dollars$19.1M assets = $2.3M liabilities + $16.8M equity
Both columns are drawn to the same scale: what MRKR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MRKR financial health
Current ratio8.39
Comfortable · current assets cover current liabilities 8.39×
Equity / assets88.1%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
MRKR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.9M2016 | $19.1M2025 | +10.3%/yr | |
| Total liabilities | $1.7M2016 | $2.3M2025 | +3.0%/yr | |
| Shareholders’ equity | $6.2M2016 | $16.8M2025 | +11.7%/yr | |
| Cash & short-term investments | $7.9M2016 | $16.1M2025 | +8.3%/yr | |
| Total debt | $5,0002016 | $7.6M2022 | +239.2%/yr | |
| Net cash (debt) | $7.8M2016 | $4.2M2022 | −$3.7M | |
| Working capital | $6.2M2016 | $16.8M2025 | +$10.6M | |
| Book value per share | $0.832016 | $1.102025 | +3.1%/yr | |
| Current ratio | 4.562016 | 8.392025 | +3.82 | |
| Debt / equity | 0.002016 | 0.392022 | +0.39 | |
| Shares outstanding | 7.4M2016 | 15.3M2025 | +8.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MRKR assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MRKR liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MRKR debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MRKR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $16.1M | $19.2M | $15.1M | $11.8M | $42.4M | $21.4M | $43.9M | $61.7M | $5.1M | $7.9M |
| Cash & equivalents | $16.1M | $19.2M | $15.1M | $11.8M | $42.4M | $21.4M | $43.9M | $61.7M | $5.1M | $7.9M |
| Short-term investments | — | $19.19T | — | — | — | — | — | — | — | — |
| Receivables | $1.4M | $2.3M | $1.0M | $2.4M | $237 | $1.0M | $56,189 | $108,177 | $0 | $0 |
| Inventory | $0 | $0 | −$988,126 | $0 | $0 | −$1.0M | $0 | $0 | $0 | $0 |
| Other current assets | $1.6M | $483,717 | $2.0M | $2.4M | $3.6M | $3.1M | $1.5M | $141,717 | $51,150 | $70,149 |
| Total current assets | $19.1M | $22.0M | $17.1M | $16.6M | $46.0M | $24.4M | $45.5M | $62.0M | $5.2M | $7.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $17.8M | $22.2M | $21.2M | $872,702 | $148,000 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $143 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $19.1M | $22.0M | $17.1M | $34.4M | $68.1M | $45.6M | $46.4M | $62.1M | $5.2M | $7.9M |
| Liabilities | ||||||||||
| Accounts payable | $793,727 | $1.1M | $961,000 | $1.1M | $5.1M | $2.9M | $993,000 | $1.6M | $1.0M | $680,000 |
| Short-term debt | — | — | — | $577,198 | $620,490 | $388,792 | $204,132 | $49,000 | $5,000 | $5,000 |
| Deferred revenue | $974,799 | — | — | $2.5M | $1.1M | $3.1M | $765,000 | — | $493,000 | $544,759 |
| Total current liabilities | $2.3M | $3.5M | $3.1M | $7.8M | $12.9M | $6.4M | $2.0M | $2.8M | $1.5M | $1.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $7.6M | $11.9M | $12.3M | $484,379 | — | — | — |
| Other long-term liabilities | $0 | $0 | $0 | $7.0M | $11.2M | $11.9M | $280,246 | $1.6M | $1.0M | $685,181 |
| Total liabilities | $2.3M | $3.5M | $3.1M | $14.8M | $24.1M | $18.3M | $2.3M | $2.8M | $1.5M | $1.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $16,672 | $10,708 | $8,891 | $8,406 | $8,308 | $50,731 | $45,728 | $45,440 | $10,616 | $8,421 |
| Retained earnings (deficit) | −$459.2M | −$447.0M | −$436.3M | −$428.0M | −$398.1M | −$356.2M | −$327.5M | −$306.1M | −$157.4M | −$145.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$105,000 | — | — | — |
| Total shareholders' equity | $16.8M | $18.6M | $14.1M | $19.6M | $44.0M | $27.3M | $44.1M | $59.3M | $3.7M | $6.2M |
| Key figures | ||||||||||
| Total debt | — | — | — | $7.6M | $11.9M | $12.3M | $484,379 | $49,000 | $5,000 | $5,000 |
| Net cash (debt) | — | — | — | $4.2M | $30.5M | $9.1M | $43.4M | $61.7M | $5.1M | $7.8M |
| Working capital | $16.8M | $18.6M | $14.1M | $8.8M | $33.1M | $18.0M | $43.5M | $59.2M | $3.7M | $6.2M |
| Tangible book value | $16.8M | $18.6M | $14.1M | $19.6M | $44.0M | $27.3M | $44.1M | $59.3M | $3.7M | $6.2M |
| Book value per share | $1.10 | $2.07 | $1.60 | $2.35 | $5.75 | $5.81 | $9.67 | — | — | $0.83 |
| Shares outstanding | 15.3M | 9.0M | 8.8M | 8.4M | 7.7M | 4.7M | 4.6M | — | — | 7.4M |
| Current ratio | 8.39 | 6.36 | 5.57 | 2.14 | 3.56 | 3.81 | 22.83 | 22.11 | 3.40 | 4.56 |
| Quick ratio | 7.67 | 6.22 | 5.25 | 1.82 | 3.28 | 3.49 | 22.06 | 22.06 | 3.37 | 4.52 |
| Debt / equity | — | — | — | 0.39 | 0.27 | 0.45 | 0.01 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 88.1% | 84.3% | 82.0% | 56.9% | 64.6% | 59.9% | 95.1% | 95.5% | 70.6% | 78.1% |
| 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 | $11.3M | $14.9M | $16.1M | $17.6M | $10.5M | $13.7M | $19.2M | $9.0M | $7.8M | $11.3M | $15.1M | $17.5M |
| Cash & equivalents | $11.3M | $14.9M | $16.1M | $17.6M | $10.5M | $13.7M | $19.2M | $9.0M | $7.8M | $11.3M | $15.1M | $17.5M |
| Short-term investments | — | — | — | — | — | — | $19.19T | — | — | — | — | — |
| Receivables | $1.6M | $1.4M | $1.4M | $1.7M | $1.7M | $2.5M | $2.3M | $744,410 | $2.5M | $1.9M | $1.0M | $83,313 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.4M | $0 | $1 | $0 |
| Other current assets | $1.6M | $1.1M | $1.6M | $2.5M | $2.6M | $841,293 | $483,717 | $1.2M | $2.8M | $917,009 | $988,125 | $1.9M |
| Total current assets | $14.6M | $17.4M | $19.1M | $21.7M | $14.8M | $17.0M | $22.0M | $10.9M | $11.7M | $14.1M | $17.1M | $19.5M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $14.6M | $17.4M | $19.1M | $21.7M | $14.8M | $17.0M | $22.0M | $10.9M | $11.7M | $14.1M | $17.1M | $19.5M |
| Liabilities | ||||||||||||
| Accounts payable | $1.0M | $1.5M | $793,727 | $951,000 | $1.7M | $1.3M | $1.1M | $1.9M | $1.1M | $848,035 | $961,000 | $2.3M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | — | $2.3M |
| Deferred revenue | $591,309 | $723,136 | $974,799 | $1.4M | $1.4M | — | — | — | — | — | — | $107,530 |
| Total current liabilities | $2.4M | $3.6M | $2.3M | $3.3M | $4.3M | $2.5M | $3.5M | $3.5M | $2.0M | $2.3M | $3.1M | $2.8M |
| 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 | $2.4M | $3.6M | $2.3M | $3.3M | $4.3M | $2.5M | $3.5M | $3.5M | $2.0M | $2.3M | $3.1M | $2.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $16,672 | $16,672 | $16,672 | $16,672 | $11,313 | $11,213 | $10,708 | $8,923 | $8,922 | $8,910 | $8,891 | $8,888 |
| Retained earnings (deficit) | −$464.2M | −$462.4M | −$459.2M | −$457.5M | −$455.5M | −$451.5M | −$447.0M | −$443.2M | −$440.9M | −$438.7M | −$436.3M | −$433.5M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | $0 | — | — |
| Total shareholders' equity | $12.2M | $13.8M | $16.8M | $18.4M | $10.5M | $14.5M | $18.6M | $7.4M | $9.7M | $11.8M | $14.1M | $16.7M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | — | — | — | — | — | $2.3M |
| Net cash (debt) | — | — | — | — | — | — | — | — | — | — | — | $15.2M |
| Working capital | $12.2M | $13.8M | $16.8M | $18.4M | $10.5M | $14.5M | $18.6M | $7.4M | $9.7M | $11.8M | $14.1M | $16.7M |
| Tangible book value | $12.2M | $13.8M | $16.8M | $18.4M | $10.5M | $14.5M | $18.6M | $7.4M | $9.7M | $11.8M | $14.1M | $16.7M |
| Book value per share | $0.63 | $0.71 | $1.10 | $1.10 | $0.75 | $1.30 | $2.04 | $0.83 | $1.09 | $1.32 | $1.58 | $1.89 |
| Shares outstanding | 19.3M | 19.3M | 15.3M | 16.8M | 14.0M | 11.1M | 9.1M | 8.9M | 8.9M | 8.9M | 8.9M | 8.8M |
| Current ratio | 6.03 | 4.79 | 8.39 | 6.50 | 3.45 | 6.79 | 6.36 | 3.15 | 5.92 | 6.12 | 5.57 | 7.01 |
| Quick ratio | 5.35 | 4.48 | 7.67 | 5.75 | 2.84 | 6.46 | 6.22 | 2.82 | 5.22 | 5.72 | 5.25 | 6.32 |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | 0.14 |
| Equity / assets | 83.4% | 79.1% | 88.1% | 84.6% | 71.0% | 85.3% | 84.3% | 68.3% | 83.1% | 83.7% | 82.0% | 85.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 18, 2026); data from EODHD.
MRKR financial position
At the end of fiscal 2025 (December 31, 2025), Marker Therapeutics had total assets of $19.1 million (down 13.4% from a year earlier), total liabilities of $2.3 million and shareholders' equity of $16.8 million. Its current ratio was 8.39. In the latest quarter (ended June 30, 2026) total assets were $14.6 million and equity $12.2 million.
Related: MRKR income statement, MRKR cash flow statement, MRKR key metrics. See the MRKR stock overview for the latest quote and news.
MRKR balance sheet FAQ
What are Marker Therapeutics's total assets?
Marker Therapeutics reported total assets of $19.1 million at the end of fiscal 2025 (December 31, 2025), compared with $22.0 million a year earlier.
How much cash does Marker Therapeutics have?
Marker Therapeutics held $16.1 million in cash and short-term investments at the end of fiscal 2025.
What is Marker Therapeutics's book value?
Marker Therapeutics's shareholders' equity (book value) was $16.8 million at the end of fiscal 2025, or $1.10 per share.
What is Marker Therapeutics's current ratio?
Marker Therapeutics had current assets of $19.1 million and current liabilities of $2.3 million, a current ratio of 8.39 (it can cover its short-term obligations).