Orchestra BioMed Holdings, Inc. (OBIO) Balance Sheet
OBIO balance sheet, 2025
December 31, 2025 · U.S. dollars$114.9M assets = $51.5M liabilities + $63.4M equity
Both columns are drawn to the same scale: what OBIO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OBIO financial health
Descriptive bands, not a rating. Fiscal 2025.
OBIO balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $38.1M2020 | $114.9M2025 | +24.7%/yr | |
| Total liabilities | $86.6M2020 | $51.5M2025 | −9.9%/yr | |
| Shareholders’ equity | −$48.5M2020 | $63.4M2025 | — | |
| Cash & short-term investments | $35.8M2020 | $106.5M2025 | +24.4%/yr | |
| Total debt | $9.5M2020 | $16.0M2025 | +11.0%/yr | |
| Net cash (debt) | $26.3M2020 | $90.6M2025 | +$64.2M | |
| Working capital | $21.9M2020 | $91.2M2025 | +$69.3M | |
| Book value per share | −$2.372020 | $1.332025 | — | |
| Current ratio | 2.522020 | 6.452025 | +3.92 | |
| Debt / equity | 0.232022 | 0.252025 | +0.03 | |
| Shares outstanding | 20.4M2020 | 47.7M2025 | +18.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OBIO assets
OBIO liabilities and equity
OBIO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OBIO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $106.5M | $66.8M | $87.6M | $83.8M | $10.9M | $35.8M |
| Cash & equivalents | $34.7M | $22.3M | $30.6M | $19.8M | $9.9M | $20.3M |
| Short-term investments | $71.8M | $44.6M | $57.0M | $64.0M | $958,000 | $15.4M |
| Receivables | $95,000 | $92,000 | $99,000 | $96,000 | $121,000 | $168,000 |
| Inventory | $310,000 | $173,000 | $146,000 | $276,000 | $68,000 | $69,000 |
| Other current assets | $994,000 | $2.1M | $1.3M | $533,000 | $234,000 | $227,000 |
| Total current assets | $107.9M | $69.2M | $89.1M | $84.7M | $11.3M | $36.3M |
| Property, plant & equipment (net) | $3.2M | $3.5M | $2.8M | $3.7M | $1.1M | $1.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $2.5M | $2.5M | $2.5M | $2.5M | $398,000 | $185,000 |
| Other non-current assets | $1.2M | $1.0M | $769,000 | $4.7M | $690,000 | $626,000 |
| Total assets | $114.9M | $76.2M | $95.2M | $95.6M | $13.5M | $38.1M |
| Liabilities | ||||||
| Accounts payable | $6.1M | $5.1M | $2.9M | $4.0M | $2.0M | $1.8M |
| Short-term debt | $751,000 | $550,000 | $649,000 | $697,000 | $2.0M | $4.0M |
| Deferred revenue | — | $4.4M | $2.5M | $6.4M | $5.5M | $5.8M |
| Total current liabilities | $16.7M | $16.2M | $11.2M | $18.6M | $12.2M | $14.4M |
| Long-term debt | $14.3M | $14.3M | $0 | $9.5M | $3.7M | $5.5M |
| Lease obligations | $1.7M | $2.2M | $1.7M | $2.4M | — | — |
| Other long-term liabilities | $20.5M | $12.7M | $16.0M | $15.0M | $68.8M | $66.8M |
| Total liabilities | $51.5M | $43.2M | $27.2M | $43.0M | $84.8M | $86.6M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $6,000 | $4,000 | $4,000 | $2,000 | $160.0M | $160.0M |
| Retained earnings (deficit) | −$362.6M | −$309.9M | −$248.9M | −$199.7M | −$166.1M | −$143.1M |
| Accumulated other comprehensive income | $60,000 | $52,000 | −$10,000 | −$8,000 | −$211.5M | −$2,000 |
| Total shareholders' equity | $63.4M | $33.0M | $68.0M | $52.5M | −$71.2M | −$48.5M |
| Key figures | ||||||
| Total debt | $16.0M | $16.5M | $1.7M | $11.9M | $5.7M | $9.5M |
| Net cash (debt) | $90.6M | $50.3M | $85.9M | $71.9M | $5.2M | $26.3M |
| Working capital | $91.2M | $53.0M | $77.9M | $66.1M | −$921,000 | $21.9M |
| Tangible book value | $63.4M | $33.0M | $68.0M | $52.5M | −$71.2M | −$48.5M |
| Book value per share | $1.33 | $0.90 | $2.05 | $2.06 | −$3.48 | −$2.37 |
| Shares outstanding | 47.7M | 36.8M | 33.2M | 25.5M | 20.4M | 20.4M |
| Current ratio | 6.45 | 4.27 | 7.95 | 4.56 | 0.92 | 2.52 |
| Quick ratio | 6.37 | 4.13 | 7.82 | 4.52 | 0.90 | 2.50 |
| Debt / equity | 0.25 | 0.50 | 0.02 | 0.23 | — | — |
| Equity / assets | 55.2% | 43.3% | 71.5% | 55.0% | −526.6% | −127.4% |
| 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 | $110.0M | $94.4M | $106.5M | $95.8M | $33.9M | $49.9M | $66.8M | $66.9M | $65.2M | $75.0M | $87.6M | $108.8M |
| Cash & equivalents | $20.5M | $28.4M | $34.7M | $42.0M | $18.7M | $18.3M | $22.3M | $25.6M | $23.7M | $23.3M | $30.6M | $19.1M |
| Short-term investments | $89.5M | $66.0M | $71.8M | $53.8M | $15.2M | $31.5M | $44.6M | $41.3M | $41.5M | $51.7M | $57.0M | $89.8M |
| Receivables | $51,000 | $84,000 | $95,000 | $52,000 | $83,000 | $89,000 | $92,000 | $115,000 | $80,000 | $67,000 | $99,000 | $86,000 |
| Inventory | $250,000 | $277,000 | $310,000 | $365,000 | $185,000 | $135,000 | $173,000 | $234,000 | $70,000 | $115,000 | $146,000 | $137,000 |
| Other current assets | $977,000 | $1.4M | $994,000 | $1.5M | $1.7M | $1.8M | $2.1M | $1.3M | $1.1M | $1.2M | $1.3M | $1.1M |
| Total current assets | $111.2M | $96.2M | $107.9M | $97.8M | $35.9M | $51.9M | $69.2M | $68.6M | $66.5M | $76.4M | $89.1M | $110.2M |
| Property, plant & equipment (net) | $3.2M | $3.2M | $3.2M | $3.2M | $3.2M | $3.4M | $3.5M | $3.0M | $2.6M | $2.8M | $2.8M | $3.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M | $2.5M |
| Other non-current assets | $1.2M | $1.3M | $1.2M | $1.3M | $1.3M | $1.3M | $1.0M | $1.3M | $841,000 | $894,000 | $769,000 | $604,000 |
| Total assets | $115.7M | $100.7M | $114.9M | $104.8M | $42.8M | $59.1M | $76.2M | $75.3M | $72.4M | $82.6M | $95.2M | $116.4M |
| Liabilities | ||||||||||||
| Accounts payable | $6.1M | $6.3M | $6.1M | $8.5M | $5.3M | $5.6M | $5.1M | $4.7M | $6.3M | $3.4M | $2.9M | $3.1M |
| Short-term debt | $808,000 | $785,000 | $751,000 | $696,000 | $642,000 | $590,000 | $550,000 | $395,000 | $350,000 | $465,000 | $649,000 | $10.3M |
| Deferred revenue | — | — | — | $4.6M | $4.5M | $3.9M | $4.4M | $4.1M | $3.7M | $3.1M | $2.5M | $3.7M |
| Total current liabilities | $13.5M | $13.7M | $16.7M | $20.7M | $17.1M | $15.5M | $16.2M | $16.2M | $14.5M | $10.4M | $11.2M | $21.5M |
| Long-term debt | $34.8M | $14.3M | $14.3M | $14.2M | $14.4M | $14.3M | $14.3M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.3M | $1.5M | $1.7M | $1.8M | $2.0M | $2.1M | $2.2M | $1.8M | $1.5M | $1.6M | $1.7M | $1.9M |
| Other long-term liabilities | $38.0M | $21.7M | $20.5M | $26.2M | $11.1M | $12.4M | $12.7M | $12.9M | $13.8M | $15.0M | $16.0M | $15.2M |
| Total liabilities | $86.3M | $49.7M | $51.5M | $61.1M | $42.5M | $42.2M | $43.2M | $29.1M | $28.3M | $25.4M | $27.2M | $36.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,000 | $6,000 | $6,000 | $6,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | −$407.0M | −$383.3M | −$362.6M | −$368.8M | −$348.0M | −$328.6M | −$309.9M | −$293.7M | −$278.3M | −$262.3M | −$248.9M | −$236.0M |
| Accumulated other comprehensive income | −$81,000 | −$40,000 | $60,000 | $45,000 | $16,000 | $37,000 | $52,000 | $98,000 | −$23,000 | −$8,000 | −$10,000 | −$77,000 |
| Total shareholders' equity | $29.4M | $51.0M | $63.4M | $43.7M | $295,000 | $16.9M | $33.0M | $46.2M | $44.1M | $57.2M | $68.0M | $79.7M |
| Key figures | ||||||||||||
| Total debt | $70.8M | $33.6M | $32.4M | $16.0M | $16.4M | $16.4M | $16.5M | $1.8M | $1.5M | $1.6M | $1.7M | $11.5M |
| Net cash (debt) | $39.2M | $60.8M | $74.1M | $79.8M | $17.6M | $33.4M | $50.3M | $65.1M | $63.7M | $73.4M | $85.9M | $97.4M |
| Working capital | $97.8M | $82.5M | $91.2M | $77.1M | $18.8M | $36.4M | $53.0M | $52.3M | $52.0M | $66.0M | $77.9M | $88.7M |
| Tangible book value | $29.4M | $51.0M | $63.4M | $43.7M | $295,000 | $16.9M | $33.0M | $46.2M | $44.1M | $57.2M | $68.0M | $79.7M |
| Book value per share | $0.46 | $0.81 | $1.27 | $0.84 | $0.01 | $0.44 | $0.87 | $1.23 | $1.23 | $1.60 | $1.90 | $2.26 |
| Shares outstanding | 63.8M | 62.7M | 50.0M | 52.2M | 38.4M | 38.2M | 38.1M | 37.6M | 35.8M | 35.8M | 35.8M | 35.2M |
| Current ratio | 8.26 | 7.03 | 6.45 | 4.73 | 2.10 | 3.35 | 4.27 | 4.23 | 4.58 | 7.34 | 7.95 | 5.13 |
| Quick ratio | 8.17 | 6.90 | 6.37 | 4.64 | 1.99 | 3.23 | 4.13 | 4.13 | 4.50 | 7.21 | 7.82 | 5.07 |
| Debt / equity | 2.41 | 0.66 | 0.51 | 0.37 | 55.44 | 0.98 | 0.50 | 0.04 | 0.03 | 0.03 | 0.02 | 0.14 |
| Equity / assets | 25.4% | 50.6% | 55.2% | 41.7% | 0.7% | 28.5% | 43.3% | 61.4% | 61.0% | 69.2% | 71.5% | 68.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 12, 2026); data from EODHD.
OBIO financial position
At the end of fiscal 2025 (December 31, 2025), Orchestra BioMed had total assets of $114.9 million (up 50.8% from a year earlier), total liabilities of $51.5 million and shareholders' equity of $63.4 million. It held $106.5 million in cash and short-term investments against $16.0 million of debt, a net cash position of $90.6 million. Its current ratio was 6.45. In the latest quarter (ended June 30, 2026) total assets were $115.7 million and equity $29.4 million.
Related: OBIO income statement, OBIO cash flow statement, OBIO key metrics. See the OBIO stock overview for the latest quote and news.
OBIO balance sheet FAQ
What are Orchestra BioMed's total assets?
Orchestra BioMed reported total assets of $114.9 million at the end of fiscal 2025 (December 31, 2025), compared with $76.2 million a year earlier.
How much debt does Orchestra BioMed have?
Orchestra BioMed had $16.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.25.
How much cash does Orchestra BioMed have?
Orchestra BioMed held $106.5 million in cash and short-term investments at the end of fiscal 2025; with $16.0 million of debt that is net cash of $90.6 million.
What is Orchestra BioMed's book value?
Orchestra BioMed's shareholders' equity (book value) was $63.4 million at the end of fiscal 2025, or $1.33 per share.
What is Orchestra BioMed's current ratio?
Orchestra BioMed had current assets of $107.9 million and current liabilities of $16.7 million, a current ratio of 6.45 (it can cover its short-term obligations).