Nano-X Imaging Ltd. (NNOX) Balance Sheet
NNOX balance sheet, 2025
December 31, 2025 · U.S. dollars$162.2M assets = $22.4M liabilities + $139.7M equity
Both columns are drawn to the same scale: what NNOX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NNOX financial health
Descriptive bands, not a rating. Fiscal 2025.
NNOX balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.9M2018 | $162.2M2025 | +89.4%/yr | |
| Total liabilities | $8.2M2018 | $22.4M2025 | +15.4%/yr | |
| Shareholders’ equity | −$6.4M2018 | $139.7M2025 | — | |
| Cash & short-term investments | $5,0002018 | $59.6M2025 | +282.2%/yr | |
| Total debt | $526,0002019 | $7.9M2025 | +56.9%/yr | |
| Net cash (debt) | $7.5M2019 | $51.8M2025 | +$44.2M | |
| Working capital | −$6.5M2018 | $49.9M2025 | +$56.4M | |
| Book value per share | −$0.192018 | $2.162025 | — | |
| Current ratio | 0.212018 | 3.962025 | +3.75 | |
| Debt / equity | 0.012020 | 0.062025 | +0.05 | |
| Shares outstanding | 34.2M2018 | 64.8M2025 | +9.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NNOX assets
NNOX liabilities and equity
NNOX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NNOX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $59.6M | $73.2M | $82.4M | $77.6M | $88.7M | $213.5M | $8.1M | $5,000 |
| Cash & equivalents | $49.2M | $39.3M | $56.4M | $38.5M | $66.6M | $213.5M | $8.1M | $5,000 |
| Short-term investments | $10.5M | $33.9M | $26.0M | $39.2M | $22.1M | $0 | — | — |
| Receivables | $2.0M | $1.8M | $1.5M | $977,000 | $1.1M | $0 | $0 | $0 |
| Inventory | $3.1M | $1.5M | $2.4M | $2.4M | $3.1M | $0 | $0 | $0 |
| Other current assets | $2.1M | $2.2M | $2.4M | $1.4M | $2.0M | $6.3M | $1.6M | $1.7M |
| Total current assets | $66.8M | $78.7M | $88.6M | $82.5M | $94.9M | $219.8M | $9.6M | $1.7M |
| Property, plant & equipment (net) | $33.2M | $49.2M | $46.9M | $44.7M | $39.2M | $15.4M | $754,000 | $156,000 |
| Goodwill & intangible assets | $60.2M | $70.0M | $80.6M | $98.6M | $160.1M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $25.2M | $67.8M | $0 | $0 | $0 |
| Other non-current assets | $2.0M | $12.1M | $2.5M | $2.9M | $1.2M | $977,000 | $1.5M | $0 |
| Total assets | $162.2M | $210.0M | $218.6M | $253.9M | $363.2M | $236.1M | $11.9M | $1.9M |
| Liabilities | ||||||||
| Accounts payable | $2.9M | $2.2M | $3.3M | $3.6M | $3.1M | $435,000 | $475,000 | $82,000 |
| Short-term debt | $4.1M | $3.8M | $4.4M | $740,000 | $1.0M | $519,000 | $140,000 | — |
| Deferred revenue | $534,000 | $140,000 | $543,000 | $182,000 | $247,000 | — | $1.8M | — |
| Total current liabilities | $16.9M | $14.0M | $15.5M | $25.1M | $52.8M | $4.5M | $20.3M | $8.2M |
| Long-term debt | $0 | $0 | $0 | $3.5M | $3.8M | $0 | $0 | $0 |
| Lease obligations | $4.7M | $4.4M | $4.9M | $1.1M | $1.8M | $1.4M | $526,000 | $0 |
| Other long-term liabilities | $5.5M | $6.9M | $7.6M | $8.7M | $14.5M | $923,000 | $386,000 | $82,000 |
| Total liabilities | $22.4M | $20.9M | $23.1M | $37.3M | $71.0M | $5.4M | $20.6M | $8.2M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $198,000 | $181,000 | $165,000 | $158,000 | $149,000 | $131,000 | $75,000 | $58,000 |
| Retained earnings (deficit) | −$448.8M | −$373.7M | −$320.2M | −$259.5M | −$146.2M | −$84.4M | −$40.6M | −$18.0M |
| Accumulated other comprehensive income | $0 | −$1,000 | −$305,000 | −$2.0M | −$607,000 | −$344,000 | −$136,000 | −$83,000 |
| Total shareholders' equity | $139.7M | $189.1M | $195.5M | $216.7M | $292.1M | $230.7M | −$8.8M | −$6.4M |
| Key figures | ||||||||
| Total debt | $7.9M | $7.4M | $8.4M | $4.6M | $5.8M | $1.4M | $526,000 | — |
| Net cash (debt) | $51.8M | $65.8M | $74.0M | $73.0M | $82.9M | $212.0M | $7.5M | — |
| Working capital | $49.9M | $64.7M | $73.1M | $57.4M | $42.1M | $215.3M | −$10.6M | −$6.5M |
| Tangible book value | $79.5M | $119.1M | $114.9M | $118.0M | $132.0M | $230.7M | −$8.8M | −$6.4M |
| Book value per share | $2.16 | $3.23 | $3.47 | $4.15 | $6.06 | $6.47 | −$0.19 | −$0.19 |
| Shares outstanding | 64.8M | 58.6M | 56.4M | 52.2M | 48.2M | 35.7M | 45.7M | 34.2M |
| Current ratio | 3.96 | 5.63 | 5.71 | 3.29 | 1.80 | 49.06 | 0.48 | 0.21 |
| Quick ratio | 3.65 | 5.37 | 5.40 | 3.13 | 1.70 | 47.65 | 0.40 | 0.00 |
| Debt / equity | 0.06 | 0.04 | 0.04 | 0.02 | 0.02 | 0.01 | — | — |
| Equity / assets | 86.2% | 90.1% | 89.4% | 85.3% | 80.4% | 97.7% | −73.9% | −344.2% |
| 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 | $31.0M | $43.9M | $59.6M | $45.2M | $51.9M | $62.5M | $73.2M | $56.7M | $63.9M | $73.0M | $82.4M | $95.0M |
| Cash & equivalents | $31.0M | $43.9M | $49.2M | $45.2M | $49.9M | $40.4M | $39.3M | $38.2M | $39.0M | $45.0M | $56.4M | $66.4M |
| Short-term investments | $0 | $10.5M | $10.5M | $0 | $2.0M | $22.1M | $33.9M | $18.5M | $24.9M | $28.0M | $26.0M | $28.6M |
| Receivables | $1.9M | $2.2M | $2.0M | $1.9M | $1.9M | $1.7M | $1.8M | $1.5M | $1.5M | $1.4M | $1.5M | $1.2M |
| Inventory | $3.4M | $3.3M | $3.1M | $2.7M | $2.3M | $1.7M | $1.5M | $1.0M | $957,000 | $3.0M | $2.4M | $203,000 |
| Other current assets | $2.7M | $2.0M | $2.1M | $1.5M | $1.4M | $2.0M | $2.2M | $1.2M | $3.3M | $1.6M | $2.4M | $1.3M |
| Total current assets | $39.0M | $51.3M | $66.8M | $51.3M | $57.5M | $68.0M | $78.7M | $60.4M | $69.6M | $79.0M | $88.6M | $97.6M |
| Property, plant & equipment (net) | $34.9M | $34.0M | $33.2M | $50.4M | $49.8M | $49.2M | $49.2M | $48.6M | $48.6M | $46.7M | $46.9M | $48.1M |
| Goodwill & intangible assets | $14.5M | $58.0M | $60.2M | $62.0M | $64.7M | $67.3M | $70.0M | $72.6M | $75.3M | $78.0M | $80.6M | $83.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $249,000 |
| Other non-current assets | $2.8M | $2.5M | $2.0M | $12.3M | $12.2M | $12.3M | $12.1M | $2.2M | $2.2M | $2.2M | $2.5M | $2.1M |
| Total assets | $91.2M | $145.8M | $162.2M | $176.1M | $184.2M | $196.7M | $210.0M | $183.9M | $195.7M | $205.9M | $218.6M | $231.3M |
| Liabilities | ||||||||||||
| Accounts payable | $2.1M | $2.4M | $2.9M | $1.4M | $2.3M | $1.9M | $2.2M | $1.3M | $1.6M | $1.9M | $3.3M | $1.6M |
| Short-term debt | $3.9M | $3.9M | $4.1M | $4.1M | $4.2M | $3.9M | — | $4.1M | $4.0M | $4.2M | $4.4M | $603,000 |
| Deferred revenue | $601,000 | $454,000 | — | $273,000 | $224,000 | $112,000 | — | $297,000 | $539,000 | $496,000 | $543,000 | $517,000 |
| Total current liabilities | $13.7M | $14.1M | $16.9M | $12.4M | $13.7M | $12.8M | $14.0M | $13.0M | $13.5M | $13.6M | $15.5M | $20.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.3M |
| Lease obligations | $4.8M | $4.7M | $4.7M | $4.7M | $4.6M | $4.3M | $4.4M | $4.4M | $4.5M | $4.7M | $4.9M | $2.9M |
| Other long-term liabilities | $5.0M | $5.3M | $5.5M | $7.0M | $7.0M | $6.7M | $6.9M | $7.0M | $7.1M | $7.3M | $7.6M | $5.9M |
| Total liabilities | $18.7M | $19.5M | $22.4M | $19.4M | $20.7M | $19.6M | $20.9M | $20.1M | $20.6M | $20.9M | $23.1M | $29.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $199,000 | $198,000 | $198,000 | $185,000 | $181,000 | $181,000 | — | $167,000 | $167,000 | $165,000 | $165,000 | $165,000 |
| Retained earnings (deficit) | −$518.5M | −$463.0M | −$448.8M | −$415.4M | −$401.7M | −$387.0M | −$373.7M | −$359.7M | −$346.0M | −$332.5M | −$320.2M | −$310.0M |
| Accumulated other comprehensive income | — | $0 | — | — | $1,000 | −$3,000 | — | $12,000 | −$52,000 | −$118,000 | −$305,000 | −$646,000 |
| Total shareholders' equity | $72.5M | $126.3M | $139.7M | $156.7M | $163.6M | $177.2M | $189.1M | $163.9M | $175.1M | $185.0M | $195.5M | $202.0M |
| Key figures | ||||||||||||
| Total debt | $7.7M | $7.6M | $7.9M | $7.9M | $8.0M | $7.4M | — | $7.8M | $7.7M | $8.0M | $8.4M | $6.2M |
| Net cash (debt) | $23.3M | $36.2M | $51.8M | $37.3M | $44.0M | $55.1M | — | $48.9M | $56.1M | $65.0M | $74.0M | $88.8M |
| Working capital | $25.3M | $37.2M | $49.9M | $38.9M | $43.8M | $55.1M | $64.7M | $47.4M | $56.1M | $65.4M | $73.1M | $77.6M |
| Tangible book value | $58.0M | $68.3M | $79.5M | $94.7M | $98.9M | $109.8M | $119.1M | $91.2M | $99.8M | $107.0M | $114.9M | $118.8M |
| Book value per share | $1.04 | $1.81 | $2.08 | $2.44 | $2.56 | $2.77 | $2.97 | $2.80 | $3.02 | $3.19 | $3.39 | $3.54 |
| Shares outstanding | 69.9M | 69.6M | 67.1M | 64.3M | 63.9M | 63.9M | 63.8M | 58.6M | 58.0M | 57.9M | 57.8M | 57.1M |
| Current ratio | 2.84 | 3.64 | 3.96 | 4.14 | 4.19 | 5.30 | 5.63 | 4.64 | 5.16 | 5.81 | 5.71 | 4.87 |
| Quick ratio | 2.40 | 3.26 | 3.65 | 3.80 | 3.93 | 5.00 | 5.37 | 4.47 | 4.84 | 5.47 | 5.40 | 4.80 |
| Debt / equity | 0.11 | 0.06 | 0.06 | 0.05 | 0.05 | 0.04 | — | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 |
| Equity / assets | 79.5% | 86.6% | 86.2% | 89.0% | 88.8% | 90.1% | 90.1% | 89.1% | 89.5% | 89.8% | 89.4% | 87.3% |
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.
NNOX financial position
At the end of fiscal 2025 (December 31, 2025), Nano-X Imaging had total assets of $162.2 million (down 22.8% from a year earlier), total liabilities of $22.4 million and shareholders' equity of $139.7 million. It held $59.6 million in cash and short-term investments against $7.9 million of debt, a net cash position of $51.8 million. Its current ratio was 3.96. In the latest quarter (ended June 30, 2026) total assets were $91.2 million and equity $72.5 million.
Related: NNOX income statement, NNOX cash flow statement, NNOX key metrics. See the NNOX stock overview for the latest quote and news.
NNOX balance sheet FAQ
What are Nano-X Imaging's total assets?
Nano-X Imaging reported total assets of $162.2 million at the end of fiscal 2025 (December 31, 2025), compared with $210.0 million a year earlier.
How much debt does Nano-X Imaging have?
Nano-X Imaging had $7.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does Nano-X Imaging have?
Nano-X Imaging held $59.6 million in cash and short-term investments at the end of fiscal 2025; with $7.9 million of debt that is net cash of $51.8 million.
What is Nano-X Imaging's book value?
Nano-X Imaging's shareholders' equity (book value) was $139.7 million at the end of fiscal 2025, or $2.16 per share.
What is Nano-X Imaging's current ratio?
Nano-X Imaging had current assets of $66.8 million and current liabilities of $16.9 million, a current ratio of 3.96 (it can cover its short-term obligations).
How much goodwill does Nano-X Imaging have?
Nano-X Imaging carried $60.2 million of goodwill and intangible assets, 37.1% of total assets, at the end of fiscal 2025.