Oramed Pharmaceuticals Inc. (ORMP) Balance Sheet
ORMP balance sheet, 2025
December 31, 2025 · U.S. dollars$230.9M assets = $31.1M liabilities + $199.7M equity
Both columns are drawn to the same scale: what ORMP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ORMP financial health
Descriptive bands, not a rating. Fiscal 2025.
ORMP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $42.8M2016 | $230.9M2025 | +20.6%/yr | |
| Total liabilities | $16.6M2016 | $31.1M2025 | +7.2%/yr | |
| Shareholders’ equity | $26.2M2016 | $199.7M2025 | +25.3%/yr | |
| Cash & short-term investments | $31.0M2016 | $125.9M2025 | +16.8%/yr | |
| Total debt | $75,0002020 | $825,0002025 | +61.5%/yr | |
| Net cash (debt) | $39.8M2020 | $125.1M2025 | +$85.2M | |
| Working capital | $27.6M2016 | $114.2M2025 | +$86.6M | |
| Book value per share | $2.072016 | $4.712025 | +9.5%/yr | |
| Current ratio | 8.622016 | 6.982025 | −1.64 | |
| Debt / equity | 0.002020 | 0.002025 | 0.00 | |
| Shares outstanding | 12.6M2016 | 42.4M2025 | +14.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ORMP assets
ORMP liabilities and equity
ORMP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ORMP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $125.9M | $141.9M | $162.0M | $155.7M | $94.1M | $39.9M | $32.3M | $30.5M | $20.1M | $31.0M |
| Cash & equivalents | $45.9M | $54.4M | $9.1M | $40.5M | $77.2M | $19.3M | $3.3M | $5.0M | $4.0M | $3.9M |
| Short-term investments | $79.9M | $87.5M | $153.0M | $115.3M | $16.9M | $20.6M | $29.0M | $25.5M | $16.2M | $27.1M |
| Receivables | $4.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.7M | $1.3M | $537,000 | $1.4M | $1.2M | $611,000 | $1.0M | $574,000 | $175,000 | $214,000 |
| Total current assets | $133.3M | $143.2M | $162.6M | $157.1M | $95.3M | $40.5M | $33.3M | $31.0M | $20.3M | $31.2M |
| Property, plant & equipment (net) | $1.3M | $1.1M | $1.6M | $1.8M | $932,000 | $176,000 | $24,000 | $17,000 | $18,000 | $16,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $93.7M | $10.9M | $54.9M | $2.7M | $6.7M | $3.9M | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.5M | $34,000 | $1.5M | $31,000 | $25.0M | $18,000 | $1.3M | $16.3M | $18.4M | $11.6M |
| Total assets | $230.9M | $155.3M | $220.6M | $161.6M | $128.0M | $44.6M | $34.7M | $47.4M | $38.7M | $42.8M |
| Liabilities | ||||||||||
| Accounts payable | $443,000 | $789,000 | $551,000 | $2.2M | $2.6M | $594,000 | $1.3M | $1.1M | $571,000 | $1.4M |
| Short-term debt | $285,000 | $216,000 | $51.3M | $247,000 | $130,000 | $44,000 | — | — | — | — |
| Deferred revenue | $1.4M | — | — | $1.3M | $2.7M | $2.7M | $2.7M | $2.4M | $2.4M | $2.2M |
| Total current liabilities | $19.1M | $5.7M | $53.2M | $5.7M | $6.7M | $4.5M | $5.3M | $4.6M | $5.2M | $3.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $825,000 | $372,000 | $609,000 | $894,000 | $533,000 | $75,000 | — | — | — | — |
| Other long-term liabilities | $12.0M | $4.2M | $4.4M | $4.7M | $4.8M | $7.2M | $10.0M | $11.7M | $14.3M | $13.0M |
| Total liabilities | $31.1M | $9.9M | $57.7M | $10.5M | $11.5M | $11.8M | $15.3M | $16.3M | $19.5M | $16.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $472,000 | $480,000 | $485,000 | $476,000 | $424,000 | $284,000 | $208,000 | $207,000 | $163,000 | $157,000 |
| Retained earnings (deficit) | −$123.4M | −$176.6M | −$157.6M | −$163.1M | −$114.9M | −$92.6M | −$81.1M | −$69.2M | −$56.5M | −$46.0M |
| Accumulated other comprehensive income | $0 | — | — | — | — | — | — | $702,000 | $401,000 | $106,000 |
| Minority interest | $0 | −$918,000 | −$928,000 | −$656,000 | — | — | — | — | — | — |
| Total shareholders' equity | $199.7M | $146.3M | $163.8M | $151.8M | $115.8M | $32.9M | $19.4M | $31.1M | $19.2M | $26.2M |
| Key figures | ||||||||||
| Total debt | $825,000 | $372,000 | $51.6M | $894,000 | $533,000 | $75,000 | — | — | — | — |
| Net cash (debt) | $125.1M | $141.6M | $110.4M | $154.8M | $93.6M | $39.8M | — | — | — | — |
| Working capital | $114.2M | $137.5M | $109.4M | $151.4M | $88.7M | $36.0M | $28.0M | $26.5M | $15.1M | $27.6M |
| Tangible book value | $199.7M | $146.3M | $163.8M | $151.8M | $115.8M | $32.9M | $19.4M | $31.1M | $19.2M | $26.2M |
| Book value per share | $4.71 | $3.58 | $4.04 | $3.89 | $4.07 | $1.60 | $1.11 | $2.09 | $1.45 | $2.07 |
| Shares outstanding | 42.4M | 40.9M | 40.6M | 39.0M | 28.5M | 20.5M | 17.5M | 14.9M | 13.3M | 12.6M |
| Current ratio | 6.98 | 25.19 | 3.06 | 27.34 | 14.27 | 8.93 | 6.28 | 6.82 | 3.93 | 8.62 |
| Quick ratio | 6.84 | 24.97 | 3.05 | 27.10 | 14.09 | 8.80 | 6.08 | 6.69 | 3.90 | 8.57 |
| Debt / equity | 0.00 | 0.00 | 0.32 | 0.01 | 0.00 | 0.00 | — | — | — | — |
| Equity / assets | 86.5% | 94.2% | 74.3% | 93.9% | 90.4% | 73.7% | 55.9% | 65.6% | 49.7% | 61.1% |
| 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 | $50.6M | $65.8M | $125.9M | $134.7M | $97.9M | $130.6M | $141.9M | $142.3M | $152.7M | $176.6M | $162.0M | $175.0M |
| Cash & equivalents | $15.2M | $13.2M | $45.9M | $52.2M | $15.8M | $74.5M | $54.4M | $42.1M | $84.8M | $18.6M | $9.1M | $5.5M |
| Short-term investments | $35.4M | $52.6M | $79.9M | $82.5M | $82.1M | $56.1M | $87.5M | $100.2M | $68.0M | $158.0M | $153.0M | $169.6M |
| Receivables | $622,000 | $0 | $4.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.2M | $2.3M | $2.7M | $1.4M | $1.1M | $832,000 | $1.3M | $474,000 | $533,000 | $501,000 | $537,000 | $666,000 |
| Total current assets | $53.4M | $68.2M | $133.3M | $136.1M | $99.0M | $131.5M | $143.2M | $142.8M | $153.3M | $177.1M | $162.6M | $175.7M |
| Property, plant & equipment (net) | $1.1M | $1.2M | $1.3M | $1.4M | $3.5M | $2.2M | $1.1M | $1.2M | $1.3M | $1.4M | $1.6M | $1.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $312.7M | $197.1M | $93.7M | $79.7M | $56.6M | $9.5M | $10.9M | $21.1M | $27.8M | $23.6M | $54.9M | $53.5M |
| Other non-current assets | $2.4M | $2.4M | $2.5M | $3.2M | $2.6M | $4.3M | $34,000 | $32,000 | $1.8M | $1.5M | $1.5M | $32,000 |
| Total assets | $369.6M | $268.8M | $230.9M | $220.5M | $161.7M | $147.5M | $155.3M | $165.1M | $184.2M | $203.7M | $220.6M | $230.9M |
| Liabilities | ||||||||||||
| Accounts payable | $374,000 | $481,000 | $443,000 | $560,000 | $715,000 | $509,000 | $789,000 | $5.0M | $3.5M | $1.3M | $551,000 | $2.6M |
| Short-term debt | $249,000 | $268,000 | $285,000 | $271,000 | $264,000 | $181,000 | $216,000 | $243,000 | $250,000 | $32.3M | $51.3M | $75.6M |
| Deferred revenue | $1.7M | $1.5M | $1.4M | $986,000 | $1.2M | — | — | — | — | — | — | $4.0M |
| Total current liabilities | $10.7M | $10.6M | $19.1M | $6.1M | $3.7M | $5.5M | $5.7M | $5.3M | $3.7M | $33.6M | $53.2M | $78.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $733,000 | $761,000 | $825,000 | $860,000 | $912,000 | $301,000 | $372,000 | $429,000 | $486,000 | $526,000 | $609,000 | $640,000 |
| Other long-term liabilities | $41.4M | $20.0M | $12.0M | $12.0M | $4.4M | $2.2M | $4.2M | $4.3M | $4.3M | $4.4M | $4.4M | $4.5M |
| Total liabilities | $52.2M | $30.6M | $31.1M | $18.2M | $8.1M | $7.6M | $9.9M | $9.6M | $8.1M | $37.9M | $57.7M | $82.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $495,000 | $491,000 | $472,000 | $490,000 | $491,000 | $491,000 | $480,000 | $484,000 | $488,000 | $487,000 | $485,000 | $484,000 |
| Retained earnings (deficit) | −$7.0M | −$85.1M | −$123.4M | −$122.6M | −$171.0M | −$184.3M | −$176.6M | −$166.4M | −$146.8M | −$156.0M | −$157.6M | −$170.9M |
| Accumulated other comprehensive income | — | $0 | $0 | — | — | — | — | — | — | — | — | — |
| Minority interest | — | — | $0 | −$952,000 | −$946,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $317.5M | $238.3M | $199.7M | $203.3M | $154.5M | $140.8M | $146.3M | $156.4M | $177.1M | $166.6M | $163.8M | $149.1M |
| Key figures | ||||||||||||
| Total debt | $733,000 | $761,000 | $825,000 | $860,000 | $912,000 | $301,000 | $372,000 | $429,000 | $486,000 | $32.6M | $51.6M | $76.0M |
| Net cash (debt) | $49.9M | $65.1M | $125.1M | $133.8M | $97.0M | $130.3M | $141.6M | $141.9M | $152.3M | $144.0M | $110.4M | $99.0M |
| Working capital | $42.7M | $57.6M | $114.2M | $130.0M | $95.3M | $126.0M | $137.5M | $137.5M | $149.5M | $143.5M | $109.4M | $97.5M |
| Tangible book value | $317.5M | $238.3M | $199.7M | $203.3M | $154.5M | $140.8M | $146.3M | $156.4M | $177.1M | $166.6M | $163.8M | $149.1M |
| Book value per share | $7.47 | $5.68 | $4.94 | $4.75 | $3.63 | $3.42 | $3.66 | $3.83 | $4.26 | $4.01 | $4.06 | $3.69 |
| Shares outstanding | 42.5M | 42.0M | 40.5M | 42.8M | 42.6M | 41.2M | 39.9M | 40.9M | 41.6M | 41.6M | 40.4M | 40.4M |
| Current ratio | 4.98 | 6.45 | 6.98 | 22.24 | 26.81 | 23.94 | 25.19 | 27.08 | 41.06 | 5.28 | 3.06 | 2.25 |
| Quick ratio | 4.77 | 6.23 | 6.84 | 22.01 | 26.52 | 23.79 | 24.97 | 26.99 | 40.92 | 5.26 | 3.05 | 2.24 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.32 | 0.51 |
| Equity / assets | 85.9% | 88.6% | 86.5% | 92.2% | 95.6% | 95.4% | 94.2% | 94.8% | 96.1% | 81.8% | 74.3% | 64.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
ORMP financial position
At the end of fiscal 2025 (December 31, 2025), Oramed Pharmaceuticals had total assets of $230.9 million (up 48.7% from a year earlier), total liabilities of $31.1 million and shareholders' equity of $199.7 million. It held $125.9 million in cash and short-term investments against $0.8 million of debt, a net cash position of $125.1 million. Its current ratio was 6.98. In the latest quarter (ended June 30, 2026) total assets were $369.6 million and equity $317.5 million.
Related: ORMP income statement, ORMP cash flow statement, ORMP key metrics. See the ORMP stock overview for the latest quote and news.
ORMP balance sheet FAQ
What are Oramed Pharmaceuticals's total assets?
Oramed Pharmaceuticals reported total assets of $230.9 million at the end of fiscal 2025 (December 31, 2025), compared with $155.3 million a year earlier.
How much debt does Oramed Pharmaceuticals have?
Oramed Pharmaceuticals had $0.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Oramed Pharmaceuticals have?
Oramed Pharmaceuticals held $125.9 million in cash and short-term investments at the end of fiscal 2025; with $0.8 million of debt that is net cash of $125.1 million.
What is Oramed Pharmaceuticals's book value?
Oramed Pharmaceuticals's shareholders' equity (book value) was $199.7 million at the end of fiscal 2025, or $4.71 per share.
What is Oramed Pharmaceuticals's current ratio?
Oramed Pharmaceuticals had current assets of $133.3 million and current liabilities of $19.1 million, a current ratio of 6.98 (it can cover its short-term obligations).