Optex Systems Holdings, Inc (OPXS) Balance Sheet
OPXS balance sheet, FY2025
September 30, 2025 · U.S. dollars$30.1M assets = $5.8M liabilities + $24.3M equity
Both columns are drawn to the same scale: what OPXS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPXS financial health
Descriptive bands, not a rating. Fiscal FY2025.
OPXS balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.8MFY2016 | $30.1MFY2025 | +10.0%/yr | |
| Total liabilities | $2.4MFY2016 | $5.8MFY2025 | +10.2%/yr | |
| Shareholders’ equity | $10.4MFY2016 | $24.3MFY2025 | +9.9%/yr | |
| Cash & short-term investments | $2.6MFY2016 | $6.4MFY2025 | +10.7%/yr | |
| Total debt | $300,000FY2016 | $1.9MFY2025 | +22.4%/yr | |
| Net cash (debt) | $2.3MFY2016 | $4.5MFY2025 | +$2.3M | |
| Working capital | $8.6MFY2016 | $21.1MFY2025 | +$12.6M | |
| Book value per share | $6.70FY2016 | $3.51FY2025 | −6.9%/yr | |
| Current ratio | 4.58FY2016 | 5.64FY2025 | +1.06 | |
| Debt / equity | 0.03FY2016 | 0.08FY2025 | +0.05 | |
| Shares outstanding | 1.5MFY2016 | 6.9MFY2025 | +18.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPXS assets
OPXS liabilities and equity
OPXS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPXS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.4M | $1.0M | $1.2M | $934,000 | $3.9M | $4.7M | $1.1M | $1.1M | $1.7M | $2.6M |
| Cash & equivalents | $6.4M | $1.0M | $1.2M | $934,000 | $3.9M | $4.7M | $1.1M | $1.1M | $1.7M | $2.6M |
| Short-term investments | — | −$1 | — | — | — | — | — | — | — | — |
| Receivables | $4.7M | $4.0M | $4.0M | $2.9M | $3.2M | $3.0M | $3.1M | $2.5M | $3.1M | $2.1M |
| Inventory | $14.3M | $14.9M | $12.2M | $9.2M | $7.6M | $8.8M | $10.5M | $7.6M | $7.6M | $6.2M |
| Other current assets | $285,000 | $217,000 | $219,000 | $328,000 | $262,000 | $229,000 | $348,000 | $104,000 | $63,000 | $120,000 |
| Total current assets | $25.7M | $20.1M | $17.5M | $13.4M | $14.9M | $16.7M | $15.0M | $11.3M | $12.5M | $11.0M |
| Property, plant & equipment (net) | $3.1M | $3.5M | $3.7M | $4.2M | $4.6M | $2.4M | $1.1M | $1.3M | $1.5M | $1.7M |
| Goodwill & intangible assets | $0 | $951.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.2M | $0 | $945,000 | $965,000 | $1.3M | $1.2M | $1.4M | $53,000 | $83,000 | $113,000 |
| Total assets | $30.1M | $25.5M | $22.2M | $18.5M | $20.9M | $20.3M | $17.6M | $12.7M | $14.0M | $12.8M |
| Liabilities | ||||||||||
| Accounts payable | $1.5M | $1.2M | $810,000 | $706,000 | $551,000 | $833,000 | $1.8M | $943,000 | $1.4M | $706,000 |
| Short-term debt | $645,000 | $1.6M | $620,000 | $604,000 | $528,000 | $417,000 | $250,000 | $300,000 | $300,000 | $300,000 |
| Deferred revenue | $234,000 | $255,000 | $481,000 | $311,000 | — | $1,000 | $3,000 | $308,000 | $927,000 | $667,000 |
| Total current liabilities | $4.6M | $5.0M | $4.1M | $3.4M | $2.0M | $5.0M | $3.3M | $2.8M | $4.5M | $2.4M |
| Long-term debt | $0 | $0 | $1.0M | $0 | $0 | $377,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.9M | $2.4M | $2.9M | $3.4M | $3.7M | $1.5M | — | — | — | — |
| Other long-term liabilities | $1.2M | $1.8M | $2.3M | $2.8M | $3.1M | $1.0M | $2.0M | $3.5M | $3.6M | $1.7M |
| Total liabilities | $5.8M | $6.7M | $7.4M | $6.1M | $5.1M | $6.4M | $5.3M | $6.3M | $8.1M | $2.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $7,000 | $7,000 | $7,000 | $7,000 | $9,000 | $9,000 | $8,000 | $8,000 | $8,000 | $8,000 |
| Retained earnings (deficit) | $2.5M | −$2.7M | −$6.4M | −$8.7M | −$10.0M | −$12.1M | −$13.9M | −$19.6M | −$20.5M | −$19.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | −$2.9M | — | — |
| Total shareholders' equity | $24.3M | $18.8M | $14.9M | $12.4M | $15.7M | $14.0M | $12.2M | $6.3M | $5.9M | $10.4M |
| Key figures | ||||||||||
| Total debt | $1.9M | $3.4M | $3.9M | $3.4M | $3.7M | $1.8M | $250,000 | $300,000 | $300,000 | $300,000 |
| Net cash (debt) | $4.5M | −$2.4M | −$2.7M | −$2.4M | $239,000 | $2.9M | $818,000 | $833,000 | $1.4M | $2.3M |
| Working capital | $21.1M | $15.1M | $13.5M | $10.0M | $12.9M | $11.7M | $11.7M | $8.5M | $8.0M | $8.6M |
| Tangible book value | $24.3M | −$932.2M | $14.9M | $12.4M | $15.7M | $14.0M | $12.2M | $6.3M | $5.9M | $10.4M |
| Book value per share | $3.51 | $2.73 | $2.23 | $1.51 | $1.89 | $1.63 | $1.44 | $0.72 | $0.74 | $6.70 |
| Shares outstanding | 6.9M | 6.9M | 6.7M | 8.2M | 8.3M | 8.6M | 8.5M | 8.8M | 8.0M | 1.5M |
| Current ratio | 5.64 | 4.05 | 4.30 | 3.97 | 7.43 | 3.36 | 4.53 | 3.99 | 2.79 | 4.58 |
| Quick ratio | 2.43 | 1.01 | 1.27 | 1.14 | 3.53 | 1.54 | 1.25 | 1.26 | 1.07 | 1.94 |
| Debt / equity | 0.08 | 0.18 | 0.26 | 0.27 | 0.23 | 0.13 | 0.02 | 0.05 | 0.05 | 0.03 |
| Equity / assets | 80.8% | 73.7% | 66.9% | 66.9% | 75.3% | 68.7% | 69.5% | 50.0% | 42.4% | 81.2% |
| 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 | $6.2M | $4.16B | $5.8M | $6.4M | $4.9M | $3.5M | $2.5M | $1.0M | $486,000 | $321,000 | $2.4M | $1.2M |
| Cash & equivalents | $6.2M | $4.16B | $5.8M | $6.4M | $4.9M | $3.5M | $2.5M | $1.0M | $486,000 | $321,000 | $2.4M | $1.2M |
| Receivables | $4.3M | $5.66B | $4.5M | $4.7M | $4.3M | $4.4M | $1.9M | $4.0M | $3.6M | $3.9M | $2.7M | $4.0M |
| Inventory | $16.4M | $15.64B | $15.0M | $14.3M | $14.5M | $13.9M | $14.7M | $14.9M | $15.1M | $13.7M | $12.7M | $12.2M |
| Other current assets | $949,000 | $0 | $214,000 | $285,000 | $469,000 | $406,000 | $265,000 | $217,000 | $316,000 | $404,000 | $154,000 | $219,000 |
| Total current assets | $27.9M | $25.46B | $25.5M | $25.7M | $24.1M | $22.3M | $19.4M | $20.1M | $19.5M | $18.3M | $17.9M | $17.5M |
| Property, plant & equipment (net) | $3.5M | $3.59B | $3.4M | $3.1M | $3.3M | $3.5M | $3.6M | $3.5M | $3.6M | $3.5M | $3.6M | $3.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $845,000 | $884,000 | $912,000 | $951,000 | $969,000 | $1.1M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.1M | $1.81B | $1.3M | $1.2M | $875,000 | $775,000 | $911,000 | $970,000 | $861,000 | $898,000 | $910,000 | $945,000 |
| Total assets | $32.5M | $30.86B | $30.2M | $30.1M | $29.2M | $27.5M | $24.8M | $25.5M | $24.9M | $23.8M | $22.4M | $22.2M |
| Liabilities | ||||||||||||
| Accounts payable | $1.3M | $908.0M | $1.4M | $1.5M | $1.8M | $1.7M | $987,000 | $1.2M | $1.7M | $2.0M | $1.8M | $810,000 |
| Short-term debt | $677,000 | $1.64B | $668,000 | $645,000 | $645,000 | $644,000 | $643,000 | $1.6M | $1.6M | $630,000 | $625,000 | $620,000 |
| Deferred revenue | $158,000 | $227.0M | $243,000 | $234,000 | $285,000 | $168,000 | $210,000 | $255,000 | $320,000 | $481,000 | $481,000 | $481,000 |
| Total current liabilities | $3.9M | $2.77B | $4.3M | $4.6M | $4.7M | $4.4M | $3.4M | $5.0M | $5.2M | $4.7M | $4.9M | $4.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500,000 | $0 | $1.0M |
| Lease obligations | $1.5M | $1.6M | $1.8M | $1.9M | $2.0M | $2.1M | $2.3M | $2.4M | $2.5M | $2.7M | $2.8M | $2.9M |
| Other long-term liabilities | $807,000 | $1.78B | $1.1M | $1.2M | $1.3M | $1.5M | $1.6M | $1.8M | $1.9M | $2.1M | $2.2M | $2.3M |
| Total liabilities | $4.7M | $4.56B | $5.5M | $5.8M | $6.0M | $5.9M | $5.1M | $6.7M | $7.1M | $7.3M | $7.0M | $7.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7,000 | $7.0M | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| Retained earnings (deficit) | $5.3M | $4.07B | $2.7M | $2.5M | $1.5M | −$52,000 | −$1.8M | −$2.7M | −$3.7M | −$4.9M | −$6.0M | −$6.4M |
| Total shareholders' equity | $27.7M | $26.30B | $24.7M | $24.3M | $23.1M | $21.6M | $19.7M | $18.8M | $17.7M | $16.5M | $15.4M | $14.9M |
| Key figures | ||||||||||||
| Total debt | $1.5M | $1.64B | $1.8M | $1.9M | $2.0M | $2.1M | $2.3M | $3.4M | $3.5M | $3.2M | $2.8M | $3.9M |
| Net cash (debt) | $4.7M | $2.53B | $4.1M | $4.5M | $2.9M | $1.4M | $224,000 | −$2.4M | −$3.0M | −$2.8M | −$408,000 | −$2.7M |
| Working capital | $23.9M | $22.69B | $21.2M | $21.1M | $19.4M | $17.9M | $15.9M | $15.1M | $14.2M | $13.6M | $13.0M | $13.5M |
| Tangible book value | $27.7M | $26.30B | $24.7M | $24.3M | $22.3M | $20.7M | $18.8M | $17.9M | $16.8M | $15.4M | $15.4M | $14.9M |
| Book value per share | $4.00 | $3,798.32 | $3.56 | $3.51 | $3.34 | $3.13 | $2.87 | $2.73 | $2.57 | $2.41 | $2.29 | $2.22 |
| Shares outstanding | 6.9M | 6.9M | 7.0M | 6.9M | 6.9M | 6.9M | 6.9M | 6.9M | 6.9M | 6.8M | 6.7M | 6.7M |
| Current ratio | 7.09 | 9.19 | 5.86 | 5.64 | 5.14 | 5.06 | 5.63 | 4.05 | 3.72 | 3.88 | 3.69 | 4.30 |
| Quick ratio | 2.66 | 3.54 | 2.37 | 2.43 | 1.95 | 1.80 | 1.29 | 1.01 | 0.77 | 0.90 | 1.04 | 1.27 |
| Debt / equity | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.10 | 0.11 | 0.18 | 0.20 | 0.19 | 0.18 | 0.26 |
| Equity / assets | 85.4% | 85.2% | 81.9% | 80.8% | 79.3% | 78.6% | 79.6% | 73.7% | 71.3% | 69.2% | 68.7% | 66.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 17, 2025); data from EODHD.
OPXS financial position
At the end of fiscal 2025 (September 30, 2025), Optex Systems had total assets of $30.1 million (up 17.8% from a year earlier), total liabilities of $5.8 million and shareholders' equity of $24.3 million. It held $6.4 million in cash and short-term investments against $1.9 million of debt, a net cash position of $4.5 million. Its current ratio was 5.64. In the latest quarter (ended June 30, 2026) total assets were $32.5 million and equity $27.7 million.
Related: OPXS income statement, OPXS cash flow statement, OPXS key metrics. See the OPXS stock overview for the latest quote and news.
OPXS balance sheet FAQ
What are Optex Systems's total assets?
Optex Systems reported total assets of $30.1 million at the end of fiscal 2025 (September 30, 2025), compared with $25.5 million a year earlier.
How much debt does Optex Systems have?
Optex Systems had $1.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.08.
How much cash does Optex Systems have?
Optex Systems held $6.4 million in cash and short-term investments at the end of fiscal 2025; with $1.9 million of debt that is net cash of $4.5 million.
What is Optex Systems's book value?
Optex Systems's shareholders' equity (book value) was $24.3 million at the end of fiscal 2025, or $3.51 per share.
What is Optex Systems's current ratio?
Optex Systems had current assets of $25.7 million and current liabilities of $4.6 million, a current ratio of 5.64 (it can cover its short-term obligations).