BiomX Inc. (PHGE) Balance Sheet
PHGE balance sheet, 2025
December 31, 2025 · U.S. dollars$70.2M assets = $71.5M liabilities + −$1.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.3M).
Both columns are drawn to the same scale: what PHGE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PHGE financial health
Descriptive bands, not a rating. Fiscal 2025.
PHGE balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $14.0M2017 | $70.2M2025 | +22.3%/yr | |
| Total liabilities | $2.5M2017 | $71.5M2025 | +52.4%/yr | |
| Shareholders’ equity | $11.5M2017 | −$1.3M2025 | — | |
| Cash & short-term investments | $8.1M2017 | $5.0M2025 | −6.0%/yr | |
| Total debt | $40,0002017 | $1.4M2025 | +56.5%/yr | |
| Net cash (debt) | $8.1M2017 | $3.5M2025 | −$4.6M | |
| Working capital | $7.0M2017 | −$804,0002025 | −$7.8M | |
| Current ratio | 5.812017 | 0.872025 | −4.93 | |
| Debt / equity | 0.002017 | 0.402024 | +0.39 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PHGE assets
PHGE liabilities and equity
PHGE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PHGE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $5.0M | $17.8M | $14.9M | $33.3M | $62.1M | $56.3M | $82.4M | $39.7M | $8.1M |
| Cash & equivalents | $5.0M | $17.8M | $14.9M | $31.3M | $62.1M | $36.5M | $72.4M | $8.6M | $7.0M |
| Short-term investments | — | — | $0 | $2.0M | $0 | $19.9M | $10.0M | $31.1M | $1.2M |
| Receivables | $0 | $1.2M | $574,000 | $567,000 | $888,000 | $276,000 | $244,000 | $129,000 | $327,000 |
| Inventory | $0 | −$958,000 | $0 | $395,000 | $108,000 | $0 | $2.0M | −$29,000 | $0 |
| Other current assets | $620,000 | $2.5M | $2.2M | $2.6M | $3.5M | $4.1M | $0 | $129,000 | $0 |
| Total current assets | $5.6M | $20.5M | $17.6M | $36.9M | $66.6M | $60.7M | $84.5M | $39.9M | $8.5M |
| Property, plant & equipment (net) | $157,000 | $10.5M | $7.4M | $8.7M | $9.8M | $6.7M | $3.0M | $887,000 | $960,000 |
| Goodwill & intangible assets | $208,000 | $12.1M | $0 | $0 | $1.5M | $3.0M | $4.6M | $4.6M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $70.9M | $0 |
| Other non-current assets | $64.3M | $161,000 | $0 | $0 | $0 | $0 | $5,000 | $0 | $4.6M |
| Total assets | $70.2M | $43.2M | $25.0M | $45.5M | $78.0M | $70.4M | $92.1M | $45.3M | $14.0M |
| Liabilities | |||||||||
| Accounts payable | $3.1M | $1.9M | $1.4M | $820,000 | $2.8M | $2.3M | $3.3M | $56,581 | $1,000 |
| Short-term debt | $1.4M | $1.1M | $6.5M | $5.0M | $819,000 | $863,000 | $375,000 | — | $40,000 |
| Deferred revenue | — | — | $28,000 | $242,000 | $2.0M | $65,000 | $60,000 | $58,000 | −$40,000 |
| Total current liabilities | $6.4M | $8.3M | $11.2M | $7.9M | $11.0M | $7.2M | $6.2M | $1.6M | $1.5M |
| Long-term debt | $0 | $0 | $5.4M | $10.6M | $14.4M | $5.0M | $0 | $500,000 | $0 |
| Lease obligations | $1.4M | $9.6M | $3.9M | $4.5M | $5.6M | $5.9M | $1.2M | $0 | — |
| Other long-term liabilities | $65.2M | $10.8M | $5.4M | $6.0M | $5.0M | $701,000 | $1.4M | $389,000 | $1.0M |
| Total liabilities | $71.5M | $19.1M | $21.9M | $24.5M | $30.5M | $12.9M | $7.7M | $2.5M | $2.5M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $7,000 | $6,000 | $3,000 | $2,000 | $2,000 | $2,000 | $2,000 | $65.7M | $201 |
| Retained earnings (deficit) | −$216.9M | −$180.7M | −$163.0M | −$136.8M | −$108.5M | −$72.3M | −$42.2M | −$21.6M | −$8.9M |
| Accumulated other comprehensive income | — | — | — | — | $0 | −$72.3M | −$42.2M | −$21.6M | −$1,025 |
| Total shareholders' equity | −$1.3M | $24.1M | $3.1M | $21.0M | $47.5M | $57.5M | $84.5M | $42.8M | $11.5M |
| Key figures | |||||||||
| Total debt | $1.4M | $9.6M | $15.1M | $19.4M | $20.0M | $5.9M | $1.2M | $500,000 | $40,000 |
| Net cash (debt) | $3.5M | $8.2M | −$185,000 | $14.0M | $42.1M | $50.4M | $81.2M | $39.2M | $8.1M |
| Working capital | −$804,000 | $12.3M | $6.5M | $28.9M | $55.6M | $53.5M | $78.3M | $38.2M | $7.0M |
| Tangible book value | −$1.5M | $12.1M | $3.1M | $21.0M | $46.0M | $54.4M | $79.9M | $38.2M | $11.5M |
| Current ratio | 0.87 | 2.48 | 1.58 | 4.65 | 6.03 | 8.47 | 13.58 | 24.34 | 5.81 |
| Quick ratio | 0.78 | 2.30 | 1.39 | 4.27 | 5.70 | 7.90 | 13.28 | 24.28 | 5.81 |
| Debt / equity | — | 0.40 | 4.90 | 0.92 | 0.42 | 0.10 | 0.01 | 0.01 | 0.00 |
| Equity / assets | −1.9% | 55.9% | 12.3% | 46.2% | 61.0% | 81.7% | 91.7% | 94.4% | 82.4% |
| 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 | $572,000 | $1.2M | $5.0M | $7.9M | $14.0M | $20.1M | $17.8M | $23.5M | $32.7M | $44.1M | $14.9M | $22.4M |
| Cash & equivalents | $347,000 | $1.2M | $5.0M | $7.9M | $14.0M | $20.1M | $17.8M | $23.5M | $32.7M | $44.1M | $14.9M | $22.4M |
| Short-term investments | $225,000 | — | — | — | — | — | — | $1.1M | $1.1M | — | $0 | $0 |
| Receivables | $327,000 | $0 | $0 | $0 | $690,000 | $1.2M | $1.2M | $950,000 | $623,000 | $2.2M | $0 | $821,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.1M | $0 | $0 | $0 | $2.0M |
| Other current assets | $1.5M | $1.9M | $620,000 | $954,000 | $1.9M | $2.2M | $1.5M | $4.9M | $1.7M | $745,000 | $2.7M | $53,000 |
| Total current assets | $2.4M | $3.0M | $5.6M | $8.9M | $16.6M | $23.5M | $20.5M | $28.3M | $35.1M | $47.1M | $17.6M | $25.3M |
| Property, plant & equipment (net) | $122,000 | $0 | $157,000 | $5.1M | $9.2M | $9.9M | $10.5M | $16.3M | $17.4M | $18.7M | $7.4M | $7.8M |
| Goodwill & intangible assets | $25.6M | $208,000 | $208,000 | $12.1M | $12.1M | $12.1M | $12.1M | $15.3M | $15.8M | $15.8M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $18,000 | $0 | $64.3M | $161,000 | $161,000 | $161,000 | $161,000 | $96,000 | $378,000 | $0 | $0 | $0 |
| Total assets | $28.2M | $3.3M | $70.2M | $26.2M | $38.0M | $45.7M | $43.2M | $60.0M | $68.6M | $81.6M | $25.0M | $33.1M |
| Liabilities | ||||||||||||
| Accounts payable | $908,000 | $720,000 | $3.1M | $1.5M | $2.2M | $1.7M | $1.9M | $2.8M | $3.2M | $3.7M | $1.4M | $1.1M |
| Short-term debt | $3.1M | — | $1.4M | $1.3M | $1.2M | $1.1M | $1.1M | $1.1M | $1.0M | $985,000 | — | $6.2M |
| Deferred revenue | — | — | — | — | — | — | — | −$1.1M | $1,000 | $28,000 | — | $628,000 |
| Total current liabilities | $10.2M | $2.4M | $6.4M | $5.2M | $6.3M | $7.0M | $8.3M | $8.9M | $7.3M | $10.7M | $11.2M | $12.8M |
| Long-term debt | $247,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.4M | $6.8M |
| Lease obligations | $21,000 | $0 | $1.4M | $6.6M | $9.4M | $9.3M | $9.6M | $9.7M | $9.9M | $10.1M | $3.9M | $3.8M |
| Other long-term liabilities | $136,000 | $1.7M | $65.2M | $10.5M | $12.6M | $14.1M | $10.8M | $13.1M | $33.9M | $48.0M | $5.4M | $5.3M |
| Total liabilities | $10.6M | $4.1M | $71.5M | $15.7M | $18.9M | $21.2M | $19.1M | $22.1M | $41.2M | $58.7M | $21.9M | $24.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $6,000 | $6,000 | $5,000 | $4,000 | — | $3,000 |
| Retained earnings (deficit) | −$239.8M | −$236.0M | −$216.9M | −$203.6M | −$194.4M | −$188.4M | −$180.7M | −$166.2M | −$175.8M | −$180.3M | −$163.0M | −$157.5M |
| Accumulated other comprehensive income | −$21,000 | — | — | — | — | — | — | — | −$32.4M | −$32.4M | — | $0 |
| Minority interest | $6.8M | — | — | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $10.9M | −$881,000 | −$1.3M | $10.5M | $19.2M | $24.5M | $24.1M | $37.9M | $27.4M | $22.9M | $3.1M | $8.2M |
| Key figures | ||||||||||||
| Total debt | $3.4M | — | $1.4M | $6.6M | $9.4M | $9.3M | $9.6M | $9.7M | $9.9M | $10.1M | $5.4M | $16.2M |
| Net cash (debt) | −$2.8M | — | $3.5M | $1.3M | $4.7M | $10.8M | $8.2M | $13.8M | $22.8M | $34.0M | $9.5M | $6.2M |
| Working capital | −$7.8M | $596,000 | −$804,000 | $3.6M | $10.4M | $16.5M | $12.3M | $19.4M | $27.8M | $36.4M | $6.5M | $12.5M |
| Tangible book value | −$14.8M | −$1.1M | −$1.5M | −$1.6M | $7.1M | $12.4M | $12.1M | $22.6M | $11.6M | $7.1M | $3.1M | $8.2M |
| Book value per share | $10.54 | — | — | — | — | — | $25.24 | $43.94 | $48.47 | — | $0.67 | — |
| Shares outstanding | 1.0M | — | — | — | — | — | 957K | 863K | 566K | — | 4.6M | — |
| Current ratio | 0.24 | 1.24 | 0.87 | 1.70 | 2.66 | 3.35 | 2.48 | 3.17 | 4.80 | 4.40 | 1.58 | 1.98 |
| Quick ratio | 0.09 | 0.48 | 0.78 | 1.51 | 2.35 | 3.04 | 2.30 | 2.74 | 4.56 | 4.33 | 1.33 | 1.82 |
| Debt / equity | 0.31 | — | — | 0.63 | 0.49 | 0.38 | 0.40 | 0.26 | 0.36 | 0.44 | 1.75 | 1.99 |
| Equity / assets | 38.5% | −27.1% | −1.9% | 40.1% | 50.4% | 53.7% | 55.9% | 63.2% | 40.0% | 28.0% | 12.3% | 24.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
PHGE financial position
At the end of fiscal 2025 (December 31, 2025), BiomX had total assets of $70.2 million (up 62.5% from a year earlier), total liabilities of $71.5 million and shareholders' equity of -$1.3 million. It held $5.0 million in cash and short-term investments against $1.4 million of debt, a net cash position of $3.5 million. Its current ratio was 0.87. In the latest quarter (ended June 30, 2026) total assets were $28.2 million and equity $10.9 million.
Related: PHGE income statement, PHGE cash flow statement, PHGE key metrics. See the PHGE stock overview for the latest quote and news.
PHGE balance sheet FAQ
What are BiomX's total assets?
BiomX reported total assets of $70.2 million at the end of fiscal 2025 (December 31, 2025), compared with $43.2 million a year earlier.
How much debt does BiomX have?
BiomX had $1.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does BiomX have?
BiomX held $5.0 million in cash and short-term investments at the end of fiscal 2025; with $1.4 million of debt that is net cash of $3.5 million.
What is BiomX's book value?
BiomX's shareholders' equity (book value) was -$1.3 million at the end of fiscal 2025.
What is BiomX's current ratio?
BiomX had current assets of $5.6 million and current liabilities of $6.4 million, a current ratio of 0.87 (current liabilities exceed current assets).
How much goodwill does BiomX have?
BiomX carried $0.2 million of goodwill and intangible assets, 0.3% of total assets, at the end of fiscal 2025.