PMV Pharmaceuticals, Inc. (PMVP) Balance Sheet
PMVP balance sheet, 2025
December 31, 2025 · U.S. dollars$116.6M assets = $11.8M liabilities + $104.7M equity
Both columns are drawn to the same scale: what PMVP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PMVP financial health
Descriptive bands, not a rating. Fiscal 2025.
PMVP balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $63.5M2018 | $116.6M2025 | +9.1%/yr | |
| Total liabilities | $109.6M2018 | $11.8M2025 | −27.2%/yr | |
| Shareholders’ equity | −$46.1M2018 | $104.7M2025 | — | |
| Cash & short-term investments | $61.9M2018 | $112.9M2025 | +9.0%/yr | |
| Total debt | $107.2M2018 | $838,0002025 | −50.0%/yr | |
| Net cash (debt) | −$45.3M2018 | $112.1M2025 | +$157.4M | |
| Working capital | $59.9M2018 | $103.8M2025 | +$43.9M | |
| Book value per share | −$1.642019 | $1.992025 | — | |
| Debt / equity | 0.042021 | 0.012025 | −0.03 | |
| Shares outstanding | 43.0M2019 | 52.5M2025 | +3.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PMVP assets
PMVP liabilities and equity
PMVP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PMVP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $112.9M | $169.5M | $203.1M | $241.1M | $297.2M | $361.4M | $101.5M | $61.9M |
| Cash & equivalents | $38.0M | $40.9M | $37.7M | $108.3M | $172.5M | $361.4M | $73.3M | $30.3M |
| Short-term investments | $75.0M | $128.6M | $165.4M | $132.8M | $124.7M | $0 | $28.2M | $31.6M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.3M | $6.2M | $4.4M | $6.0M | $4.1M | $3.3M | $607,000 | $332,000 |
| Total current assets | $115.2M | $175.7M | $207.4M | $247.0M | $301.3M | $364.8M | $102.1M | $62.2M |
| Property, plant & equipment (net) | $1.0M | $1.6M | $19.0M | $20.5M | $13.2M | $569,000 | $739,000 | $1.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $13.8M | $25.5M | $2.5M | $16.9M | $0 | $0 | $0 |
| Other non-current assets | $297,000 | $235,000 | $190,000 | $313,000 | $221,000 | $201,000 | $201,000 | $201,000 |
| Total assets | $116.6M | $191.3M | $252.2M | $270.3M | $331.6M | $365.5M | $103.0M | $63.5M |
| Liabilities | ||||||||
| Accounts payable | $3.2M | $6.6M | $3.2M | $3.0M | $3.2M | $1.6M | $2.8M | $1.0M |
| Short-term debt | $403,000 | $352,000 | $852,000 | $528,000 | $403,000 | — | — | — |
| Deferred revenue | — | — | $92,000 | — | — | — | — | — |
| Total current liabilities | $11.4M | $14.4M | $14.0M | $10.8M | $12.2M | $6.4M | $4.5M | $2.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $838,000 | $1.2M | $13.3M | $14.0M | $11.2M | $0 | — | — |
| Other long-term liabilities | $435,000 | $838,000 | $12.4M | $13.4M | $10.8M | $1.6M | $169.0M | $107.3M |
| Total liabilities | $11.8M | $15.2M | $26.5M | $24.3M | $23.0M | $6.4M | $173.5M | $109.6M |
| Shareholders' equity | ||||||||
| Retained earnings (deficit) | −$446.5M | −$368.7M | −$310.0M | −$241.0M | −$167.7M | −$109.9M | −$75.4M | −$50.1M |
| Accumulated other comprehensive income | $84,000 | $139,000 | $224,000 | −$445,000 | −$78,000 | — | −$3,000 | −$13,000 |
| Total shareholders' equity | $104.7M | $176.1M | $225.7M | $246.0M | $308.6M | $359.1M | −$70.5M | −$46.1M |
| Key figures | ||||||||
| Total debt | $838,000 | $1.2M | $13.3M | $14.0M | $11.2M | — | $168.9M | $107.2M |
| Net cash (debt) | $112.1M | $168.3M | $189.8M | $227.1M | $286.0M | — | −$67.4M | −$45.3M |
| Working capital | $103.8M | $161.3M | $193.4M | $236.2M | $289.1M | $358.4M | $97.6M | $59.9M |
| Tangible book value | $104.7M | $176.1M | $225.7M | $246.0M | $308.6M | $359.1M | −$70.5M | −$46.1M |
| Book value per share | $1.99 | $3.41 | $4.70 | $5.40 | $6.84 | $8.02 | −$1.64 | — |
| Shares outstanding | 52.5M | 51.6M | 48.0M | 45.6M | 45.1M | 44.8M | 43.0M | — |
| Current ratio | 10.09 | 12.22 | 14.78 | 22.80 | 24.66 | 56.90 | 22.57 | 26.75 |
| Quick ratio | 9.89 | 11.79 | 14.47 | 22.25 | 24.32 | 56.38 | 22.44 | 26.60 |
| Debt / equity | 0.01 | 0.01 | 0.06 | 0.06 | 0.04 | — | — | — |
| Equity / assets | 89.8% | 92.0% | 89.5% | 91.0% | 93.1% | 98.2% | −68.4% | −72.7% |
| 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 | $79.4M | $93.5M | $112.9M | $129.2M | $142.3M | $160.4M | $169.5M | $182.8M | $212.9M | $197.9M | $203.1M | $201.9M |
| Cash & equivalents | $12.5M | $39.1M | $38.0M | $36.3M | $44.1M | $51.3M | $40.9M | $48.8M | $48.5M | $47.7M | $37.7M | $52.1M |
| Short-term investments | $67.0M | $54.4M | $75.0M | $92.9M | $98.1M | $109.0M | $128.6M | $134.0M | $164.4M | $150.3M | $165.4M | $149.9M |
| Receivables | $0 | $0 | $0 | $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 | $2.0M | $2.2M | $2.3M | $3.2M | $3.0M | $3.1M | $6.2M | $6.8M | $5.9M | $4.5M | $4.4M | $3.4M |
| Total current assets | $81.4M | $95.8M | $115.2M | $132.4M | $145.3M | $163.5M | $175.7M | $189.6M | $218.8M | $202.5M | $207.4M | $205.3M |
| Property, plant & equipment (net) | $363,000 | $486,000 | $1.0M | $1.1M | $1.3M | $1.4M | $1.6M | $18.5M | $18.6M | $19.1M | $19.0M | $19.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $6.0M | $5.4M | $13.8M | $15.1M | $0 | $15.1M | $25.5M | $36.2M |
| Other non-current assets | $296,000 | $296,000 | $297,000 | $249,000 | $248,000 | $237,000 | $235,000 | $242,000 | $182,000 | $182,000 | $190,000 | $180,000 |
| Total assets | $82.1M | $96.6M | $116.6M | $133.8M | $152.9M | $170.6M | $191.3M | $223.5M | $237.5M | $236.9M | $252.2M | $261.0M |
| Liabilities | ||||||||||||
| Accounts payable | $2.0M | $1.6M | $3.2M | $3.4M | $2.6M | $3.6M | $6.6M | $2.1M | $4.5M | $859,000 | $3.2M | $1.7M |
| Short-term debt | $217,000 | $293,000 | $403,000 | $390,000 | $377,000 | $364,000 | $352,000 | $1.2M | $1.2M | $880,000 | $852,000 | — |
| Deferred revenue | — | — | — | — | — | — | — | — | −$1.2M | — | — | — |
| Total current liabilities | $10.6M | $8.6M | $11.4M | $12.3M | $11.6M | $9.8M | $14.4M | $13.6M | $11.4M | $12.1M | $14.0M | $10.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $217,000 | $293,000 | $838,000 | $931,000 | $1.0M | $1.1M | $1.2M | $13.3M | $13.0M | $13.0M | $13.3M | $12.7M |
| Other long-term liabilities | $0 | $0 | $435,000 | $541,000 | $643,000 | $742,000 | $838,000 | $12.0M | $11.8M | $12.1M | $12.4M | $12.7M |
| Total liabilities | $10.6M | $8.6M | $11.8M | $12.8M | $12.2M | $10.5M | $15.2M | $25.6M | $23.2M | $24.2M | $26.5M | $23.4M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$482.6M | −$464.5M | −$446.5M | −$428.4M | −$407.4M | −$386.1M | −$368.7M | −$345.7M | −$326.5M | −$325.3M | −$310.0M | −$294.2M |
| Accumulated other comprehensive income | −$82,000 | −$15,000 | $84,000 | $91,000 | $21,000 | $84,000 | $139,000 | $410,000 | −$185,000 | −$129,000 | $224,000 | −$355,000 |
| Total shareholders' equity | $71.5M | $88.0M | $104.7M | $121.0M | $140.6M | $160.1M | $176.1M | $197.9M | $214.3M | $212.7M | $225.7M | $237.6M |
| Key figures | ||||||||||||
| Total debt | $217,000 | $293,000 | $838,000 | $931,000 | $1.0M | $1.1M | $1.2M | $13.3M | $13.0M | $13.0M | $13.3M | $12.7M |
| Net cash (debt) | $79.2M | $93.3M | $112.1M | $128.3M | $141.3M | $159.3M | $168.3M | $169.6M | $199.9M | $184.9M | $189.8M | $189.2M |
| Working capital | $70.8M | $87.2M | $103.8M | $120.1M | $133.7M | $153.7M | $161.3M | $176.1M | $207.4M | $190.4M | $193.4M | $194.6M |
| Tangible book value | $71.5M | $88.0M | $104.7M | $121.0M | $140.6M | $160.1M | $176.1M | $197.9M | $214.3M | $212.7M | $225.7M | $237.6M |
| Book value per share | $1.34 | $1.65 | $1.97 | $2.28 | $2.70 | $3.08 | $3.41 | $3.84 | $4.16 | $4.13 | $4.39 | $4.84 |
| Shares outstanding | 53.4M | 53.3M | 53.3M | 53.0M | 52.0M | 52.0M | 51.6M | 51.6M | 51.5M | 51.4M | 51.4M | 49.0M |
| Current ratio | 7.70 | 11.14 | 10.09 | 10.76 | 12.52 | 16.75 | 12.22 | 13.98 | 19.22 | 16.79 | 14.78 | 19.16 |
| Quick ratio | 7.52 | 10.88 | 9.89 | 10.50 | 12.26 | 16.43 | 11.79 | 13.48 | 18.70 | 16.42 | 14.47 | 18.84 |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 |
| Equity / assets | 87.1% | 91.1% | 89.8% | 90.4% | 92.0% | 93.8% | 92.0% | 88.6% | 90.2% | 89.8% | 89.5% | 91.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.
PMVP financial position
At the end of fiscal 2025 (December 31, 2025), PMV Pharmaceuticals had total assets of $116.6 million (down 39.1% from a year earlier), total liabilities of $11.8 million and shareholders' equity of $104.7 million. It held $112.9 million in cash and short-term investments against $0.8 million of debt, a net cash position of $112.1 million. Its current ratio was 10.09. In the latest quarter (ended June 30, 2026) total assets were $82.1 million and equity $71.5 million.
Related: PMVP income statement, PMVP cash flow statement, PMVP key metrics. See the PMVP stock overview for the latest quote and news.
PMVP balance sheet FAQ
What are PMV Pharmaceuticals's total assets?
PMV Pharmaceuticals reported total assets of $116.6 million at the end of fiscal 2025 (December 31, 2025), compared with $191.3 million a year earlier.
How much debt does PMV Pharmaceuticals have?
PMV 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 0.01.
How much cash does PMV Pharmaceuticals have?
PMV Pharmaceuticals held $112.9 million in cash and short-term investments at the end of fiscal 2025; with $0.8 million of debt that is net cash of $112.1 million.
What is PMV Pharmaceuticals's book value?
PMV Pharmaceuticals's shareholders' equity (book value) was $104.7 million at the end of fiscal 2025, or $1.99 per share.
What is PMV Pharmaceuticals's current ratio?
PMV Pharmaceuticals had current assets of $115.2 million and current liabilities of $11.4 million, a current ratio of 10.09 (it can cover its short-term obligations).