Onto Innovation Inc. (ONTO) Balance Sheet
ONTO balance sheet, 2025
December 31, 2025 · U.S. dollars$2.37B assets = $267.1M liabilities + $2.10B equity
Both columns are drawn to the same scale: what ONTO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ONTO financial health
Descriptive bands, not a rating. Fiscal 2025.
ONTO balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $338.7M2016 | $2.37B2025 | +24.1%/yr | |
| Total liabilities | $45.0M2016 | $267.1M2025 | +21.9%/yr | |
| Shareholders’ equity | $293.7M2016 | $2.10B2025 | +24.4%/yr | |
| Cash & short-term investments | $125.7M2016 | $639.6M2025 | +19.8%/yr | |
| Total debt | $12.3M2016 | $17.5M2025 | +4.0%/yr | |
| Net cash (debt) | $113.5M2016 | $622.1M2025 | +$508.7M | |
| Working capital | $226.7M2016 | $1.05B2025 | +$822.4M | |
| Book value per share | $9.242016 | $42.632025 | +18.5%/yr | |
| Current ratio | 7.302016 | 5.792025 | −1.51 | |
| Debt / equity | 0.042016 | 0.012025 | −0.03 | |
| Shares outstanding | 31.8M2016 | 49.3M2025 | +5.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ONTO assets
ONTO liabilities and equity
ONTO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ONTO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $639.6M | $852.3M | $697.8M | $547.8M | $511.3M | $373.7M | $320.2M | $175.1M | $177.4M | $125.7M |
| Cash & equivalents | $346.1M | $212.9M | $233.5M | $175.9M | $169.6M | $136.7M | $130.7M | $175.1M | $177.4M | $37.9M |
| Short-term investments | $293.5M | $639.4M | $464.3M | $371.9M | $341.7M | $237.0M | $189.6M | $62.7M | $109.6M | $87.9M |
| Receivables | $268.9M | $308.1M | $226.6M | $241.4M | $177.2M | $149.3M | $123.7M | $64.2M | $65.3M | $67.3M |
| Inventory | $298.3M | $287.0M | $327.8M | $324.3M | $243.1M | $191.2M | $176.1M | $96.8M | $67.5M | $65.5M |
| Other current assets | $61.2M | $30.1M | $31.1M | $21.4M | $16.4M | $17.5M | $21.6M | $14.8M | $11.9M | $4.1M |
| Total current assets | $1.27B | $1.48B | $1.28B | $1.13B | $948.1M | $731.7M | $641.7M | $350.9M | $322.1M | $262.6M |
| Property, plant & equipment (net) | $143.4M | $137.8M | $122.0M | $92.0M | $82.1M | $88.0M | $122.0M | $18.9M | $17.3M | $11.9M |
| Goodwill & intangible assets | $942.1M | $457.4M | $483.2M | $538.0M | $593.1M | $625.0M | $679.1M | $29.9M | $53.6M | $32.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $14.2M | $44.3M | $21.3M | $30.0M | $26.5M | $23.6M | $5.8M | $18.3M | $0 | $31.4M |
| Total assets | $2.37B | $2.12B | $1.91B | $1.79B | $1.65B | $1.47B | $1.45B | $418.0M | $385.9M | $338.7M |
| Liabilities | ||||||||||
| Accounts payable | $107.7M | $56.3M | $49.9M | $54.5M | $53.3M | $40.2M | $27.7M | $30.7M | $26.8M | $10.2M |
| Short-term debt | $6.2M | $5.4M | $5.5M | $5.7M | $4.0M | $4.5M | $4.9M | $7.9M | $11.8M | $12.3M |
| Deferred revenue | $31.8M | $44.5M | $24.8M | $42.6M | $39.4M | $29.5M | $14.6M | $7.9M | $11.8M | $8.3M |
| Total current liabilities | $218.9M | $170.1M | $147.7M | $160.6M | $154.5M | $120.1M | $85.7M | $45.0M | $42.3M | $36.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $17.5M | $15.2M | $19.5M | $22.0M | $17.7M | $20.9M | $24.9M | — | — | — |
| Other long-term liabilities | $48.1M | $21.1M | $25.5M | $37.9M | $69.2M | $83.3M | $98.8M | $11.2M | $10.5M | $9.0M |
| Total liabilities | $267.1M | $191.2M | $173.2M | $198.4M | $223.8M | $203.4M | $184.6M | $56.2M | $52.8M | $45.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $50,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $50,000 | $31,000 | $32,000 | $31,000 |
| Retained earnings (deficit) | $743.8M | $664.5M | $482.4M | $362.8M | $168.5M | $26.2M | −$4.9M | −$6.8M | −$51.9M | −$84.7M |
| Accumulated other comprehensive income | −$10.0M | −$13.9M | −$7.9M | −$10.0M | $1.3M | $4.6M | −$598,000 | −$1.3M | −$1.2M | −$2.8M |
| Total shareholders' equity | $2.10B | $1.93B | $1.74B | $1.60B | $1.43B | $1.26B | $1.26B | $361.9M | $333.2M | $293.7M |
| Key figures | ||||||||||
| Total debt | $17.5M | $15.2M | $19.5M | $22.0M | $17.7M | $20.9M | $24.9M | $7.9M | $11.8M | $12.3M |
| Net cash (debt) | $622.1M | $837.2M | $678.3M | $525.8M | $493.6M | $352.8M | $295.4M | $167.2M | $165.6M | $113.5M |
| Working capital | $1.05B | $1.31B | $1.14B | $974.3M | $793.6M | $611.6M | $555.9M | $305.9M | $279.8M | $226.7M |
| Tangible book value | $1.16B | $1.47B | $1.25B | $1.06B | $833.0M | $639.8M | $584.9M | $331.9M | $279.5M | $261.0M |
| Book value per share | $42.63 | $38.78 | $35.21 | $32.08 | $28.68 | $25.56 | $42.12 | $11.24 | $10.36 | $9.24 |
| Shares outstanding | 49.3M | 49.7M | 49.3M | 49.8M | 49.7M | 49.5M | 30.0M | 32.2M | 32.2M | 31.8M |
| Current ratio | 5.79 | 8.69 | 8.69 | 7.07 | 6.14 | 6.09 | 7.48 | 7.80 | 7.61 | 7.30 |
| Quick ratio | 4.15 | 6.82 | 6.26 | 4.92 | 4.46 | 4.35 | 5.18 | 5.32 | 5.74 | 5.37 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 |
| Equity / assets | 88.7% | 91.0% | 90.9% | 88.9% | 86.4% | 86.1% | 87.3% | 86.6% | 86.3% | 86.7% |
| 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 | $1.88B | $654.2M | $639.6M | $983.9M | $894.9M | $850.6M | $852.3M | $855.4M | $786.0M | $740.9M | $697.8M | $629.7M |
| Cash & equivalents | $1.25B | $252.2M | $346.1M | $603.1M | $217.5M | $203.7M | $212.9M | $188.7M | $172.6M | $190.9M | $233.5M | $206.6M |
| Short-term investments | $628.9M | $401.9M | $293.5M | $380.8M | $677.5M | $646.9M | $639.4M | $666.7M | $613.5M | $550.0M | $464.3M | $423.1M |
| Receivables | $337.4M | $306.6M | $268.9M | $260.2M | $285.3M | $291.6M | $308.1M | $253.7M | $237.8M | $231.9M | $226.6M | $209.5M |
| Inventory | $379.2M | $316.0M | $298.3M | $259.4M | $270.2M | $292.7M | $287.0M | $308.3M | $319.7M | $329.5M | $327.8M | $346.1M |
| Other current assets | $43.2M | $43.0M | $61.2M | $41.4M | $43.9M | $34.5M | $30.1M | $40.5M | $41.6M | $30.5M | $31.1M | $36.0M |
| Total current assets | $2.64B | $1.32B | $1.27B | $1.54B | $1.49B | $1.47B | $1.48B | $1.46B | $1.39B | $1.33B | $1.28B | $1.22B |
| Property, plant & equipment (net) | $123.7M | $123.8M | $143.4M | $142.1M | $145.3M | $140.6M | $137.8M | $135.1M | $131.7M | $123.8M | $122.0M | $104.2M |
| Goodwill & intangible assets | $902.2M | $921.9M | $942.1M | $432.2M | $440.6M | $449.0M | $457.4M | $443.9M | $457.0M | $470.1M | $483.2M | $496.5M |
| Long-term investments | $0 | $0 | $0 | $8.0M | $8.0M | $8.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $31.2M | $31.0M | $14.2M | $59.4M | $51.9M | $48.1M | $44.3M | $36.4M | $31.5M | $26.7M | $21.3M | $40.3M |
| Total assets | $3.70B | $2.40B | $2.37B | $2.19B | $2.14B | $2.12B | $2.12B | $2.07B | $2.01B | $1.95B | $1.91B | $1.86B |
| Liabilities | ||||||||||||
| Accounts payable | $139.4M | $105.5M | $107.7M | $101.8M | $37.9M | $55.4M | $56.3M | $48.0M | $51.4M | $55.9M | $49.9M | $44.5M |
| Short-term debt | — | — | $6.2M | $5.6M | $5.3M | $6.0M | $5.4M | $5.5M | $5.6M | $5.4M | $5.5M | $67.3M |
| Deferred revenue | $35.9M | $31.4M | $31.8M | $30.8M | $45.2M | $46.6M | $44.5M | $26.8M | $28.2M | $35.5M | $24.8M | $22.8M |
| Total current liabilities | $271.6M | $214.4M | $218.9M | $162.9M | $155.8M | $174.5M | $170.1M | $144.7M | $148.4M | $147.1M | $147.7M | $135.8M |
| Long-term debt | $1.47B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | $17.5M | $14.1M | $13.4M | $14.6M | $15.2M | $16.4M | $17.7M | $18.1M | $19.5M | $20.6M |
| Other long-term liabilities | $33.0M | $49.7M | $48.1M | $21.7M | $21.2M | $21.0M | $21.1M | $25.1M | $25.3M | $24.8M | $25.5M | $30.3M |
| Total liabilities | $1.78B | $264.2M | $267.1M | $184.5M | $177.0M | $195.4M | $191.2M | $169.8M | $173.7M | $171.8M | $173.2M | $166.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $50,000 | $50,000 | $50,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 |
| Retained earnings (deficit) | $837.6M | $777.5M | $743.8M | $733.3M | $705.0M | $671.1M | $664.5M | $635.2M | $582.2M | $529.2M | $482.4M | $452.0M |
| Accumulated other comprehensive income | −$13.0M | −$12.5M | −$10.0M | −$6.4M | −$4.8M | −$11.5M | −$13.9M | −$6.3M | −$13.3M | −$11.1M | −$7.9M | −$12.8M |
| Total shareholders' equity | $1.92B | $2.13B | $2.10B | $2.00B | $1.96B | $1.92B | $1.93B | $1.90B | $1.83B | $1.78B | $1.74B | $1.70B |
| Key figures | ||||||||||||
| Total debt | $1.47B | — | $17.5M | $14.1M | $13.4M | $14.6M | $15.2M | $16.4M | $17.7M | $18.1M | $19.5M | $20.6M |
| Net cash (debt) | $410.4M | — | $622.1M | $969.9M | $881.5M | $836.0M | $837.2M | $839.0M | $768.3M | $722.8M | $678.3M | $609.1M |
| Working capital | $2.37B | $1.11B | $1.05B | $1.38B | $1.34B | $1.29B | $1.31B | $1.31B | $1.24B | $1.19B | $1.14B | $1.09B |
| Tangible book value | $1.02B | $1.21B | $1.16B | $1.57B | $1.52B | $1.47B | $1.47B | $1.46B | $1.37B | $1.31B | $1.25B | $1.20B |
| Book value per share | $38.70 | $42.64 | $42.40 | $40.77 | $40.05 | $38.85 | $38.80 | $38.30 | $36.87 | $35.89 | $35.04 | $34.33 |
| Shares outstanding | 49.7M | 50.0M | 49.5M | 49.1M | 49.0M | 49.4M | 49.6M | 49.7M | 49.7M | 49.6M | 49.6M | 49.4M |
| Current ratio | 9.73 | 6.15 | 5.79 | 9.49 | 9.59 | 8.42 | 8.69 | 10.07 | 9.33 | 9.06 | 8.69 | 9.00 |
| Quick ratio | 8.17 | 4.48 | 4.15 | 7.64 | 7.58 | 6.55 | 6.82 | 7.66 | 6.90 | 6.62 | 6.26 | 6.18 |
| Debt / equity | 0.77 | — | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 52.0% | 89.0% | 88.7% | 91.6% | 91.7% | 90.8% | 91.0% | 91.8% | 91.3% | 91.2% | 90.9% | 91.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
ONTO financial position
At the end of fiscal 2025 (December 31, 2025), Onto Innovation had total assets of $2.4 billion (up 11.8% from a year earlier), total liabilities of $267.1 million and shareholders' equity of $2.1 billion. It held $639.6 million in cash and short-term investments against $17.5 million of debt, a net cash position of $622.1 million. Its current ratio was 5.79. In the latest quarter (ended June 30, 2026) total assets were $3.7 billion and equity $1.9 billion.
Related: ONTO income statement, ONTO cash flow statement, ONTO key metrics. See the ONTO stock overview for the latest quote and news.
ONTO balance sheet FAQ
What are Onto Innovation's total assets?
Onto Innovation reported total assets of $2.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.
How much debt does Onto Innovation have?
Onto Innovation had $17.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Onto Innovation have?
Onto Innovation held $639.6 million in cash and short-term investments at the end of fiscal 2025; with $17.5 million of debt that is net cash of $622.1 million.
What is Onto Innovation's book value?
Onto Innovation's shareholders' equity (book value) was $2.1 billion at the end of fiscal 2025, or $42.63 per share.
What is Onto Innovation's current ratio?
Onto Innovation had current assets of $1.3 billion and current liabilities of $218.9 million, a current ratio of 5.79 (it can cover its short-term obligations).
How much goodwill does Onto Innovation have?
Onto Innovation carried $942.1 million of goodwill and intangible assets, 39.8% of total assets, at the end of fiscal 2025.