Option Care Health, Inc. (OPCH) Balance Sheet
OPCH balance sheet, 2025
December 31, 2025 · U.S. dollars$3.46B assets = $2.13B liabilities + $1.33B equity
Both columns are drawn to the same scale: what OPCH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPCH financial health
Descriptive bands, not a rating. Fiscal 2025.
OPCH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $607.7M2016 | $3.46B2025 | +21.3%/yr | |
| Total liabilities | $639.3M2016 | $2.13B2025 | +14.3%/yr | |
| Shareholders’ equity | −$31.6M2016 | $1.33B2025 | — | |
| Cash & short-term investments | $9.6M2016 | $232.6M2025 | +42.6%/yr | |
| Total debt | $451.9M2016 | $1.27B2025 | +12.2%/yr | |
| Net cash (debt) | −$442.4M2016 | −$1.04B2025 | −$598.4M | |
| Working capital | $45.7M2016 | $435.6M2025 | +$389.9M | |
| Book value per share | −$0.272016 | $8.122025 | — | |
| Current ratio | 1.352016 | 1.532025 | +0.17 | |
| Debt / equity | 1.442019 | 0.962025 | −0.48 | |
| Shares outstanding | 117.2M2016 | 163.4M2025 | +3.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPCH assets
OPCH liabilities and equity
OPCH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPCH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $232.6M | $412.6M | $343.8M | $294.2M | $119.4M | $99.3M | $67.1M | $14.5M | $39.5M | $9.6M |
| Cash & equivalents | $232.6M | $412.6M | $343.8M | $294.2M | $119.4M | $99.3M | $67.1M | $14.5M | $39.5M | $9.6M |
| Short-term investments | — | — | $9.7M | $10.9M | — | — | — | $2.6M | — | — |
| Receivables | $473.6M | $409.7M | $430.2M | $383.1M | $338.2M | $328.3M | $324.4M | $114.9M | $87.8M | $111.8M |
| Inventory | $471.1M | $388.1M | $274.0M | $224.3M | $183.1M | $158.6M | $115.9M | $26.7M | $37.3M | $36.2M |
| Other current assets | $87.6M | $112.2M | $46.2M | $92.7M | $69.5M | $70.8M | $51.3M | $18.6M | $24.8M | $18.5M |
| Total current assets | $1.26B | $1.32B | $1.09B | $994.3M | $710.3M | $657.0M | $558.7M | $174.7M | $189.3M | $176.1M |
| Property, plant & equipment (net) | $139.2M | $213.9M | $204.8M | $180.7M | $111.5M | $121.1M | $133.2M | $28.8M | $27.6M | $32.5M |
| Goodwill & intangible assets | $1.63B | $1.56B | $1.88B | $1.90B | $1.84B | $1.78B | $1.81B | $377.7M | $386.7M | $397.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $17.0M | $14.6M | $0 | $0 |
| Other non-current assets | $422.9M | $328.0M | $153.7M | $159.8M | $125.5M | $89.6M | $69.2M | $0 | $2.3M | $2.2M |
| Total assets | $3.46B | $3.42B | $3.33B | $3.23B | $2.79B | $2.65B | $2.59B | $583.9M | $605.9M | $607.7M |
| Liabilities | ||||||||||
| Accounts payable | $639.8M | $610.8M | $426.5M | $378.8M | $279.2M | $282.9M | $221.1M | $67.0M | $57.4M | $59.1M |
| Short-term debt | $30.8M | $28.6M | $24.3M | $25.4M | $25.1M | $28.1M | $29.6M | $3.2M | $1.7M | $18.5M |
| Deferred revenue | — | — | $18.3M | $22.2M | −$25.1M | −$28.1M | −$29.6M | — | $8.9M | — |
| Total current liabilities | $829.3M | $780.1M | $618.3M | $565.4M | $459.7M | $434.0M | $330.0M | $107.3M | $105.5M | $130.3M |
| Long-term debt | $1.15B | $1.10B | $1.06B | $1.06B | $1.06B | $1.12B | $1.28B | $501.5M | $478.9M | $433.4M |
| Lease obligations | $112.5M | $106.8M | $103.8M | $90.8M | $93.6M | $89.7M | $78.6M | — | — | — |
| Other long-term liabilities | $146.0M | $132.7M | $231.7M | $222.7M | $95.4M | $82.6M | $75.5M | $119.1M | $102.6M | $75.5M |
| Total liabilities | $2.13B | $2.02B | $1.91B | $1.85B | $1.62B | $1.63B | $1.68B | $727.9M | $687.0M | $639.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $13,000 | $13,000 | $12,000 |
| Retained earnings (deficit) | $876.9M | $669.3M | $457.5M | $190.4M | $39.9M | −$100.0M | −$92.0M | −$761.2M | −$706.0M | −$643.4M |
| Treasury stock | — | — | — | — | −$2.4M | −$2.4M | −$2.4M | −$950,000 | −$16,000 | — |
| Accumulated other comprehensive income | $4.1M | $11.0M | $15.0M | $21.2M | −$451,000 | −$11.2M | −$7.2M | $1.0M | −$88.3M | −$75.1M |
| Total shareholders' equity | $1.33B | $1.40B | $1.42B | $1.39B | $1.18B | $1.02B | $906.8M | −$144.0M | −$81.1M | −$31.6M |
| Key figures | ||||||||||
| Total debt | $1.27B | $1.22B | $1.17B | $1.16B | $1.08B | $1.14B | $1.31B | $504.7M | $480.6M | $451.9M |
| Net cash (debt) | −$1.04B | −$805.4M | −$822.6M | −$860.8M | −$965.6M | −$1.04B | −$1.24B | −$490.1M | −$441.1M | −$442.4M |
| Working capital | $435.6M | $542.5M | $475.9M | $429.0M | $250.6M | $223.0M | $228.7M | $67.4M | $83.8M | $45.7M |
| Tangible book value | −$302.2M | −$153.0M | −$454.0M | −$511.4M | −$667.7M | −$763.9M | −$904.6M | −$521.7M | −$467.8M | −$428.6M |
| Book value per share | $8.12 | $8.12 | $7.88 | $7.61 | $6.49 | $5.61 | $5.80 | −$0.90 | −$0.52 | −$0.27 |
| Shares outstanding | 163.4M | 172.8M | 180.4M | 182.1M | 181.2M | 181.0M | 156.3M | 159.9M | 154.7M | 117.2M |
| Current ratio | 1.53 | 1.70 | 1.77 | 1.76 | 1.55 | 1.51 | 1.69 | 1.63 | 1.79 | 1.35 |
| Quick ratio | 0.85 | 1.05 | 1.25 | 1.20 | 1.00 | 0.99 | 1.19 | 1.21 | 1.21 | 0.93 |
| Debt / equity | 0.96 | 0.87 | 0.82 | 0.83 | 0.92 | 1.13 | 1.44 | — | — | — |
| Equity / assets | 38.4% | 41.0% | 42.7% | 42.9% | 42.1% | 38.4% | 35.0% | −24.7% | −13.4% | −5.2% |
| 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 | $193.8M | $177.3M | $232.6M | $309.8M | $198.8M | $171.4M | $412.6M | $483.0M | $376.9M | $219.5M | $343.8M | $386.5M |
| Cash & equivalents | $193.8M | $177.3M | $232.6M | $309.8M | $198.8M | $171.4M | $412.6M | $483.0M | $376.9M | $219.5M | $343.8M | $386.5M |
| Short-term investments | — | — | — | — | — | — | — | — | $10.5M | $10.4M | $9.7M | $8.9M |
| Receivables | $549.2M | $516.4M | $473.6M | $474.5M | $481.3M | $476.6M | $409.7M | $429.0M | $468.3M | $573.6M | $430.2M | $435.3M |
| Inventory | $399.6M | $415.7M | $471.1M | $415.7M | $403.5M | $369.0M | $388.1M | $310.6M | $281.4M | $241.9M | $274.0M | $251.4M |
| Other current assets | $58.0M | $85.7M | $87.6M | $82.7M | $91.6M | $82.3M | $112.2M | $98.8M | $100.8M | $94.6M | $46.2M | $43.2M |
| Total current assets | $1.20B | $1.20B | $1.26B | $1.28B | $1.18B | $1.10B | $1.32B | $1.32B | $1.23B | $1.13B | $1.09B | $1.12B |
| Property, plant & equipment (net) | $140.4M | $229.7M | $139.2M | $134.3M | $133.7M | $222.2M | $213.9M | $215.1M | $216.6M | $208.8M | $204.8M | $191.7M |
| Goodwill & intangible assets | $1.63B | $1.91B | $1.63B | $1.63B | $1.63B | $1.94B | $1.56B | $1.85B | $1.86B | $1.87B | $1.88B | $1.88B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $410.8M | $48.6M | $422.9M | $433.4M | $444.5M | $44.0M | $328.0M | $41.4M | $46.1M | $44.0M | $153.7M | $51.4M |
| Total assets | $3.38B | $3.38B | $3.46B | $3.48B | $3.38B | $3.31B | $3.42B | $3.43B | $3.35B | $3.25B | $3.33B | $3.24B |
| Liabilities | ||||||||||||
| Accounts payable | $639.8M | $545.0M | $639.8M | $627.9M | $590.2M | $528.8M | $610.8M | $592.0M | $535.7M | $485.7M | $426.5M | $429.5M |
| Short-term debt | $29.9M | $30.8M | $30.8M | $30.3M | $29.8M | $29.0M | $28.6M | $28.5M | $28.5M | $25.2M | $24.3M | $24.5M |
| Deferred revenue | — | — | — | — | — | — | — | $21.1M | −$28.5M | −$25.2M | — | −$24.5M |
| Total current liabilities | $819.5M | $729.7M | $829.3M | $823.9M | $773.6M | $713.7M | $780.1M | $763.2M | $695.4M | $637.0M | $618.3M | $624.1M |
| Long-term debt | $1.15B | $1.15B | $1.15B | $1.16B | $1.10B | $1.10B | $1.10B | $1.11B | $1.11B | $1.06B | $1.06B | $1.06B |
| Lease obligations | $109.3M | $110.4M | $112.5M | $114.4M | $118.5M | $112.3M | $106.8M | $109.9M | $113.4M | $108.4M | $103.8M | $103.9M |
| Other long-term liabilities | $147.4M | $146.2M | $146.0M | $142.2M | $145.6M | $139.9M | $132.7M | $133.2M | $136.2M | $127.2M | $231.7M | $122.4M |
| Total liabilities | $2.12B | $2.03B | $2.13B | $2.12B | $2.02B | $1.96B | $2.02B | $2.00B | $1.94B | $1.82B | $1.91B | $1.80B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 |
| Retained earnings (deficit) | $976.2M | $922.3M | $876.9M | $818.4M | $766.6M | $716.1M | $669.3M | $609.2M | $555.3M | $502.3M | $457.5M | $400.3M |
| Accumulated other comprehensive income | $2.2M | $3.4M | $4.1M | $5.5M | $7.0M | $8.6M | $11.0M | $9.5M | $15.6M | $16.5M | $15.0M | $21.1M |
| Total shareholders' equity | $1.26B | $1.35B | $1.33B | $1.36B | $1.36B | $1.35B | $1.40B | $1.43B | $1.41B | $1.43B | $1.42B | $1.44B |
| Key figures | ||||||||||||
| Total debt | $1.27B | $1.27B | $1.27B | $1.28B | $1.23B | $1.22B | $1.22B | $1.22B | $1.23B | $1.17B | $1.17B | $1.17B |
| Net cash (debt) | −$1.07B | −$1.09B | −$1.04B | −$966.4M | −$1.03B | −$1.05B | −$805.4M | −$738.5M | −$848.6M | −$951.2M | −$822.6M | −$780.4M |
| Working capital | $381.1M | $465.4M | $435.6M | $458.9M | $401.6M | $385.7M | $542.5M | $558.1M | $532.0M | $492.8M | $475.9M | $492.2M |
| Tangible book value | −$367.1M | −$555.6M | −$302.2M | −$270.7M | −$269.5M | −$592.1M | −$153.0M | −$423.6M | −$447.0M | −$437.9M | −$454.0M | −$444.2M |
| Book value per share | $8.09 | $8.54 | $8.30 | $8.33 | $8.29 | $8.10 | $8.26 | $8.29 | $8.11 | $8.14 | $8.00 | $7.98 |
| Shares outstanding | 155.8M | 158.2M | 159.8M | 163.1M | 164.1M | 166.8M | 170.0M | 171.9M | 174.1M | 175.6M | 177.7M | 180.5M |
| Current ratio | 1.47 | 1.64 | 1.53 | 1.56 | 1.52 | 1.54 | 1.70 | 1.73 | 1.77 | 1.77 | 1.77 | 1.79 |
| Quick ratio | 0.91 | 0.95 | 0.85 | 0.95 | 0.88 | 0.91 | 1.05 | 1.19 | 1.22 | 1.25 | 1.25 | 1.32 |
| Debt / equity | 1.01 | 0.94 | 0.96 | 0.94 | 0.90 | 0.91 | 0.87 | 0.86 | 0.87 | 0.82 | 0.82 | 0.81 |
| Equity / assets | 37.3% | 40.0% | 38.4% | 39.0% | 40.2% | 40.8% | 41.0% | 41.6% | 42.1% | 44.0% | 42.7% | 44.4% |
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.
OPCH financial position
At the end of fiscal 2025 (December 31, 2025), Option Care Health had total assets of $3.5 billion (up 1.0% from a year earlier), total liabilities of $2.1 billion and shareholders' equity of $1.3 billion. It held $232.6 million in cash and short-term investments against $1.3 billion of debt, net debt of $1.0 billion. Its current ratio was 1.53. In the latest quarter (ended June 30, 2026) total assets were $3.4 billion and equity $1.3 billion.
Related: OPCH income statement, OPCH cash flow statement, OPCH key metrics. See the OPCH stock overview for the latest quote and news.
OPCH balance sheet FAQ
What are Option Care Health's total assets?
Option Care Health reported total assets of $3.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.4 billion a year earlier.
How much debt does Option Care Health have?
Option Care Health had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.96.
How much cash does Option Care Health have?
Option Care Health held $232.6 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $1.0 billion.
What is Option Care Health's book value?
Option Care Health's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $8.12 per share.
What is Option Care Health's current ratio?
Option Care Health had current assets of $1.3 billion and current liabilities of $829.3 million, a current ratio of 1.53 (it can cover its short-term obligations).
How much goodwill does Option Care Health have?
Option Care Health carried $1.6 billion of goodwill and intangible assets, 47.1% of total assets, at the end of fiscal 2025.