OPKO Health, Inc. (OPK) Balance Sheet
OPK balance sheet, 2025
December 31, 2025 · U.S. dollars$1.93B assets = $664.0M liabilities + $1.27B equity
Both columns are drawn to the same scale: what OPK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPK financial health
Descriptive bands, not a rating. Fiscal 2025.
OPK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.77B2016 | $1.93B2025 | −3.9%/yr | |
| Total liabilities | $674.8M2016 | $664.0M2025 | −0.2%/yr | |
| Shareholders’ equity | $2.09B2016 | $1.27B2025 | −5.4%/yr | |
| Cash & short-term investments | $168.7M2016 | $369.1M2025 | +9.1%/yr | |
| Total debt | $88.7M2016 | $433.6M2025 | +19.3%/yr | |
| Net cash (debt) | $80.0M2016 | −$64.5M2025 | −$144.5M | |
| Working capital | $220.3M2016 | $435.2M2025 | +$214.9M | |
| Book value per share | $4.172016 | $1.692025 | −9.6%/yr | |
| Current ratio | 1.842016 | 3.972025 | +2.13 | |
| Debt / equity | 0.042016 | 0.342025 | +0.30 | |
| Shares outstanding | 502.0M2016 | 751.1M2025 | +4.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPK assets
OPK liabilities and equity
OPK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $369.1M | $431.9M | $95.9M | $153.2M | $134.7M | $72.2M | $85.5M | $96.5M | $91.5M | $168.7M |
| Cash & equivalents | $369.1M | $431.9M | $95.9M | $153.2M | $134.7M | $72.2M | $85.5M | $96.5M | $91.5M | $168.7M |
| Short-term investments | — | — | — | — | — | −$11,000 | $48,000 | $27,000 | $0 | −$33,000 |
| Receivables | $126.1M | $152.0M | $130.2M | $148.6M | $265.6M | $302.3M | $157.7M | $162.0M | $187.1M | $249.5M |
| Inventory | $65.8M | $56.8M | $65.7M | $74.1M | $86.5M | $132.3M | $53.4M | $42.3M | $49.3M | $47.2M |
| Other current assets | $20.9M | $21.3M | $17.7M | $18.7M | $336.2M | $16.4M | $27.4M | $16.9M | $21.0M | $18.2M |
| Total current assets | $581.9M | $662.1M | $309.5M | $394.5M | $823.0M | $523.2M | $324.0M | $317.7M | $348.9M | $483.6M |
| Property, plant & equipment (net) | $120.9M | $124.1M | $143.5M | $121.6M | $124.0M | $178.3M | $166.5M | $144.7M | $146.6M | $122.8M |
| Goodwill & intangible assets | $1.00B | $1.34B | $1.53B | $1.61B | $1.43B | $1.75B | $1.93B | $2.04B | $2.05B | $2.05B |
| Long-term investments | $14.2M | $54.6M | $16.1M | $28.1M | $10.7M | $15.7M | $20.7M | $31.2M | $40.6M | $41.1M |
| Other non-current assets | $214.5M | $18.5M | $9.1M | $8.7M | $9.5M | $10.1M | $0 | $0 | $5.6M | $65.1M |
| Total assets | $1.93B | $2.20B | $2.01B | $2.17B | $2.40B | $2.47B | $2.31B | $2.45B | $2.59B | $2.77B |
| Liabilities | ||||||||||
| Accounts payable | $41.1M | $47.1M | $69.7M | $67.0M | $82.0M | $100.9M | $62.5M | $47.4M | $74.3M | $53.4M |
| Short-term debt | $22.9M | $29.3M | $43.1M | $51.0M | $28.6M | $36.2M | $24.4M | $40.7M | $15.3M | $15.0M |
| Deferred revenue | — | — | $37.8M | — | $258,000 | $15.8M | $19.2M | $63.5M | $56.9M | $73.4M |
| Total current liabilities | $146.7M | $193.1M | $200.1M | $213.5M | $330.0M | $375.5M | $249.1M | $256.8M | $312.0M | $263.3M |
| Long-term debt | $333.7M | $422.2M | $222.0M | $219.5M | $187.9M | $225.8M | $263.9M | $172.8M | $142.7M | $73.7M |
| Lease obligations | $52.8M | $67.2M | $77.2M | $49.5M | $49.9M | $44.0M | $46.5M | $8.9M | $11.2M | $10.2M |
| Other long-term liabilities | $183.6M | $219.5M | $200.4M | $172.7M | $196.7M | $200.2M | $181.5M | $230.2M | $291.6M | $337.8M |
| Total liabilities | $664.0M | $834.8M | $622.5M | $605.6M | $714.6M | $801.5M | $694.5M | $659.8M | $746.3M | $674.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $7.9M | $7.0M | $7.8M | $7.8M | $6.9M | $6.7M | $6.7M | $5.9M | $2.89B | $2.85B |
| Retained earnings (deficit) | −$2.29B | −$2.07B | −$2.01B | −$1.82B | −$1.51B | −$1.48B | −$1.51B | −$1.20B | −$1.05B | −$730.0M |
| Treasury stock | — | — | — | — | −$1.8M | −$1.8M | −$1.8M | −$1.8M | −$1.8M | −$1.9M |
| Accumulated other comprehensive income | −$21.0M | −$56.1M | −$38.0M | −$43.3M | −$30.5M | −$4.2M | −$22.1M | −$20.1M | −$528,000 | −$27.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.27B | $1.37B | $1.39B | $1.56B | $1.69B | $1.67B | $1.61B | $1.79B | $1.84B | $2.09B |
| Key figures | ||||||||||
| Total debt | $433.6M | $504.4M | $326.6M | $305.5M | $254.8M | $294.6M | $288.3M | $213.5M | $158.0M | $88.7M |
| Net cash (debt) | −$64.5M | −$72.5M | −$230.7M | −$152.4M | −$120.0M | −$222.4M | −$202.8M | −$117.0M | −$66.5M | $80.0M |
| Working capital | $435.2M | $469.0M | $109.4M | $181.0M | $493.0M | $147.7M | $74.9M | $60.9M | $36.8M | $220.3M |
| Tangible book value | $267.4M | $24.6M | −$144.3M | −$52.7M | $252.6M | −$74.3M | −$319.2M | −$244.7M | −$204.7M | $37.9M |
| Book value per share | $1.69 | $1.97 | $1.85 | $2.17 | $2.60 | $2.61 | $2.71 | $3.16 | $3.30 | $4.17 |
| Shares outstanding | 751.1M | 694.0M | 751.8M | 719.1M | 648.1M | 640.7M | 595.5M | 566.7M | 559.2M | 502.0M |
| Current ratio | 3.97 | 3.43 | 1.55 | 1.85 | 2.49 | 1.39 | 1.30 | 1.24 | 1.12 | 1.84 |
| Quick ratio | 3.38 | 3.02 | 1.13 | 1.41 | 1.21 | 1.00 | 0.98 | 1.01 | 0.89 | 1.59 |
| Debt / equity | 0.34 | 0.37 | 0.24 | 0.20 | 0.15 | 0.18 | 0.18 | 0.12 | 0.09 | 0.04 |
| Equity / assets | 65.6% | 62.1% | 69.1% | 72.1% | 70.2% | 67.6% | 69.9% | 73.1% | 71.2% | 75.6% |
| 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 | $300.8M | $341.9M | $369.1M | $415.2M | $271.7M | $436.0M | $431.9M | $406.4M | $40.6M | $75.6M | $95.9M | $138.6M |
| Cash & equivalents | $300.8M | $341.9M | $369.1M | $415.2M | $271.7M | $436.0M | $431.9M | $406.4M | $40.6M | $75.6M | $95.9M | $138.6M |
| Receivables | $114.9M | $107.6M | $126.1M | $124.4M | $134.6M | $128.7M | $152.0M | $138.7M | $116.0M | $119.2M | $130.2M | $126.5M |
| Inventory | $61.9M | $64.4M | $65.8M | $65.0M | $66.3M | $64.0M | $56.8M | $59.4M | $60.2M | $59.4M | $65.7M | $69.0M |
| Other current assets | $22.7M | $21.5M | $20.9M | $22.6M | $110.7M | $108.9M | $21.3M | $25.2M | $141.2M | $137.1M | $17.7M | $23.2M |
| Total current assets | $500.2M | $535.4M | $581.9M | $627.1M | $583.3M | $737.6M | $662.1M | $629.6M | $358.0M | $391.3M | $309.5M | $357.2M |
| Property, plant & equipment (net) | $115.4M | $118.4M | $120.9M | $120.7M | $121.6M | $119.0M | $124.1M | $135.1M | $128.4M | $127.5M | $143.5M | $122.9M |
| Goodwill & intangible assets | $959.1M | $1.17B | $1.00B | $1.21B | $1.24B | $1.24B | $1.34B | $1.18B | $1.38B | $1.41B | $1.53B | $1.55B |
| Long-term investments | $40.2M | $10.5M | $14.2M | $13.4M | $13.0M | $12.7M | $54.6M | $100.6M | $101.5M | $41.0M | $16.1M | $19.4M |
| Other non-current assets | $214.5M | $18.9M | $214.5M | $19.9M | $19.9M | $18.8M | $18.5M | $213.5M | $7.8M | $8.6M | $9.1M | $9.3M |
| Total assets | $1.83B | $1.86B | $1.93B | $2.00B | $1.97B | $2.13B | $2.20B | $2.26B | $1.98B | $1.97B | $2.01B | $2.06B |
| Liabilities | ||||||||||||
| Accounts payable | $50.0M | $44.2M | $41.1M | $50.8M | $56.7M | $59.4M | $47.1M | $62.7M | $82.2M | $71.2M | $69.7M | $66.8M |
| Short-term debt | $21.6M | $22.3M | $22.9M | $24.3M | $25.5M | $124.9M | $29.3M | $28.0M | $35.7M | $36.5M | $43.1M | $44.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | $5.8M | $3.8M | $1.4M | $51.0M |
| Total current liabilities | $149.4M | $148.4M | $146.7M | $169.3M | $171.2M | $295.9M | $193.1M | $211.7M | $219.6M | $204.3M | $200.1M | $200.6M |
| Long-term debt | $338.5M | $336.0M | $333.7M | $331.4M | $329.3M | $325.9M | $422.2M | $427.6M | $179.6M | $327.1M | $222.0M | $213.3M |
| Lease obligations | $49.0M | $51.3M | $52.8M | $51.2M | $52.5M | $53.6M | $67.2M | $71.3M | $67.5M | $69.4M | $77.2M | $56.5M |
| Other long-term liabilities | $157.4M | $167.8M | $183.6M | $189.3M | $175.7M | $195.0M | $219.5M | $213.4M | $185.4M | $189.7M | $200.4M | $198.3M |
| Total liabilities | $645.3M | $652.2M | $664.0M | $690.0M | $676.1M | $816.7M | $834.8M | $852.7M | $584.6M | $721.2M | $622.5M | $612.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7.8M | $7.8M | $7.9M | $8.0M | $8.1M | $7.0M | $7.0M | $7.1M | $7.3M | $7.3M | $7.8M | $7.8M |
| Retained earnings (deficit) | −$2.35B | −$2.35B | −$2.29B | −$2.26B | −$2.28B | −$2.13B | −$2.07B | −$2.08B | −$2.10B | −$2.09B | −$2.01B | −$1.95B |
| Accumulated other comprehensive income | −$28.4M | −$27.5M | −$21.0M | −$25.5M | −$24.7M | −$45.0M | −$56.1M | −$39.6M | −$46.7M | −$45.2M | −$38.0M | −$46.5M |
| Total shareholders' equity | $1.18B | $1.20B | $1.27B | $1.31B | $1.30B | $1.31B | $1.37B | $1.40B | $1.40B | $1.25B | $1.39B | $1.44B |
| Key figures | ||||||||||||
| Total debt | $392.3M | $396.9M | $433.6M | $395.4M | $395.7M | $492.9M | $504.4M | $512.3M | $269.4M | $419.6M | $326.6M | $307.8M |
| Net cash (debt) | −$91.5M | −$55.0M | −$64.5M | $19.8M | −$124.0M | −$56.9M | −$72.5M | −$105.9M | −$228.9M | −$343.9M | −$230.7M | −$169.2M |
| Working capital | $350.9M | $387.0M | $435.2M | $457.8M | $412.2M | $441.7M | $469.0M | $418.0M | $138.4M | $187.0M | $109.4M | $156.7M |
| Tangible book value | $225.1M | $31.0M | $267.4M | $91.1M | $61.7M | $71.5M | $24.6M | $226.2M | $11.1M | −$152.8M | −$144.3M | −$103.3M |
| Book value per share | $1.57 | $1.59 | $1.66 | $1.67 | $1.65 | $1.95 | $1.97 | $2.02 | $2.00 | $1.77 | $1.85 | $1.92 |
| Shares outstanding | 755.3M | 758.9M | 765.5M | 779.9M | 788.0M | 671.6M | 694.0M | 695.6M | 697.2M | 706.9M | 751.5M | 751.5M |
| Current ratio | 3.35 | 3.61 | 3.97 | 3.70 | 3.41 | 2.49 | 3.43 | 2.97 | 1.63 | 1.91 | 1.55 | 1.78 |
| Quick ratio | 2.78 | 3.03 | 3.38 | 3.19 | 2.37 | 1.91 | 3.02 | 2.58 | 0.71 | 0.95 | 1.13 | 1.32 |
| Debt / equity | 0.33 | 0.33 | 0.34 | 0.30 | 0.31 | 0.38 | 0.37 | 0.37 | 0.19 | 0.33 | 0.24 | 0.21 |
| Equity / assets | 64.7% | 64.9% | 65.6% | 65.4% | 65.7% | 61.6% | 62.1% | 62.2% | 70.5% | 63.5% | 69.1% | 70.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
OPK financial position
At the end of fiscal 2025 (December 31, 2025), OPKO Health had total assets of $1.9 billion (down 12.2% from a year earlier), total liabilities of $664.0 million and shareholders' equity of $1.3 billion. It held $369.1 million in cash and short-term investments against $433.6 million of debt, net debt of $64.5 million. Its current ratio was 3.97. In the latest quarter (ended June 30, 2026) total assets were $1.8 billion and equity $1.2 billion.
Related: OPK income statement, OPK cash flow statement, OPK key metrics. See the OPK stock overview for the latest quote and news.
OPK balance sheet FAQ
What are OPKO Health's total assets?
OPKO Health reported total assets of $1.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.2 billion a year earlier.
How much debt does OPKO Health have?
OPKO Health had $433.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.34.
How much cash does OPKO Health have?
OPKO Health held $369.1 million in cash and short-term investments at the end of fiscal 2025; with $433.6 million of debt that is net debt of $64.5 million.
What is OPKO Health's book value?
OPKO Health's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $1.69 per share.
What is OPKO Health's current ratio?
OPKO Health had current assets of $581.9 million and current liabilities of $146.7 million, a current ratio of 3.97 (it can cover its short-term obligations).
How much goodwill does OPKO Health have?
OPKO Health carried $1.0 billion of goodwill and intangible assets, 51.8% of total assets, at the end of fiscal 2025.