Power Integrations, Inc. (POWI) Balance Sheet
POWI balance sheet, 2025
December 31, 2025 · U.S. dollars$772.2M assets = $99.4M liabilities + $672.8M equity
Both columns are drawn to the same scale: what POWI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
POWI financial health
Current ratio6.51
Comfortable · current assets cover current liabilities 6.51×
Equity / assets87.1%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles13.3%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
POWI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $555.3M2016 | $772.2M2025 | +3.7%/yr | |
| Total liabilities | $67.2M2016 | $99.4M2025 | +4.4%/yr | |
| Shareholders’ equity | $488.1M2016 | $672.8M2025 | +3.6%/yr | |
| Cash & short-term investments | $250.5M2016 | $249.5M2025 | −0.0%/yr | |
| Total debt | $9.0M2019 | $28.2M2024 | +25.7%/yr | |
| Net cash (debt) | $402.1M2019 | $271.8M2024 | −$130.3M | |
| Working capital | $258.6M2016 | $388.0M2025 | +$129.3M | |
| Book value per share | $8.242016 | $11.952025 | +4.2%/yr | |
| Current ratio | 5.322016 | 6.512025 | +1.19 | |
| Debt / equity | 0.012019 | 0.042024 | +0.03 | |
| Shares outstanding | 59.2M2016 | 56.3M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
POWI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
POWI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
POWI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
POWI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $249.5M | $300.0M | $311.6M | $353.8M | $530.4M | $449.2M | $411.1M | $228.6M | $282.9M | $250.5M |
| Cash & equivalents | $58.8M | $51.0M | $63.9M | $105.4M | $158.1M | $258.9M | $178.7M | $134.1M | $93.7M | $62.1M |
| Short-term investments | $190.8M | $249.0M | $247.6M | $248.4M | $372.2M | $190.3M | $232.4M | $94.5M | $189.2M | $188.3M |
| Receivables | $18.3M | $27.2M | $14.7M | $20.8M | $42.9M | $35.9M | $24.3M | $11.1M | $16.8M | $7.3M |
| Inventory | $166.9M | $165.6M | $163.2M | $135.4M | $99.3M | $102.9M | $90.4M | $80.9M | $57.1M | $52.6M |
| Other current assets | $23.7M | $21.3M | $22.2M | $15.0M | $14.3M | $13.3M | $15.6M | $11.9M | $7.8M | $8.2M |
| Total current assets | $458.3M | $514.0M | $511.6M | $525.1M | $686.8M | $601.2M | $541.3M | $332.4M | $364.5M | $318.5M |
| Property, plant & equipment (net) | $146.5M | $149.6M | $164.2M | $176.7M | $179.8M | $166.2M | $116.6M | $114.1M | $111.7M | $95.3M |
| Goodwill & intangible assets | $102.5M | $103.3M | $96.3M | $98.4M | $100.9M | $104.4M | $108.7M | $113.0M | $117.3M | $123.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $64.8M | $61.9M | $47.8M | $39.9M | $47.0M | $31.6M | $37.2M | $29.1M | $27.6M | $18.2M |
| Total assets | $772.2M | $828.8M | $819.9M | $840.1M | $1.01B | $903.3M | $803.9M | $588.7M | $621.1M | $555.3M |
| Liabilities | ||||||||||
| Accounts payable | $34.0M | $29.8M | $26.4M | $30.1M | $43.7M | $34.7M | $27.4M | $31.6M | $33.2M | $29.7M |
| Short-term debt | — | $2.9M | $2.6M | $2.9M | $3.0M | $2.7M | $2.0M | — | — | — |
| Deferred revenue | — | — | −$2.6M | −$2.9M | −$3.0M | −$2.7M | −$2.0M | — | — | $16.2M |
| Total current liabilities | $70.4M | $55.3M | $48.9M | $58.4M | $72.3M | $62.5M | $50.5M | $48.4M | $51.1M | $59.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $29.0M | $23.7M | $18.8M | $26.5M | $30.1M | $30.4M | $28.9M | $13.3M | $22.3M | $7.4M |
| Total liabilities | $99.4M | $79.1M | $67.6M | $84.9M | $102.5M | $92.9M | $79.3M | $61.6M | $73.4M | $67.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20,000 | $22,000 | $23,000 | $24,000 | $28,000 | $28,000 | $28,000 | $28,000 | $29,000 | $28,000 |
| Retained earnings (deficit) | $673.9M | $734.0M | $753.7M | $762.5M | $753.4M | $621.6M | $575.5M | $402.6M | $351.4M | $317.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$1.1M | −$3.0M | −$1.5M | −$7.3M | −$3.7M | −$2.2M | −$3.1M | −$1.7M | −$2.1M | −$2.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $672.8M | $749.8M | $752.2M | $755.2M | $912.0M | $810.4M | $724.5M | $527.1M | $547.7M | $488.1M |
| Key figures | ||||||||||
| Total debt | — | $28.2M | $17.3M | $14.6M | $19.8M | $10.0M | $9.0M | — | — | — |
| Net cash (debt) | — | $271.8M | $294.2M | $339.3M | $510.6M | $439.2M | $402.1M | — | — | — |
| Working capital | $388.0M | $458.7M | $462.7M | $466.7M | $614.5M | $538.7M | $490.9M | $284.1M | $313.5M | $258.6M |
| Tangible book value | $570.3M | $646.4M | $656.0M | $656.8M | $811.2M | $706.1M | $615.8M | $414.1M | $430.4M | $364.8M |
| Book value per share | $11.95 | $13.12 | $13.05 | $12.94 | $14.84 | $13.32 | $12.15 | $8.74 | $8.97 | $8.24 |
| Shares outstanding | 56.3M | 57.1M | 57.6M | 58.4M | 61.5M | 60.8M | 59.6M | 60.3M | 61.1M | 59.2M |
| Current ratio | 6.51 | 9.29 | 10.47 | 8.99 | 9.50 | 9.62 | 10.72 | 6.87 | 7.14 | 5.32 |
| Quick ratio | 3.81 | 5.91 | 6.68 | 6.42 | 7.93 | 7.76 | 8.63 | 4.96 | 5.87 | 4.31 |
| Debt / equity | — | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | — | — | — |
| Equity / assets | 87.1% | 90.5% | 91.8% | 89.9% | 89.9% | 89.7% | 90.1% | 89.5% | 88.2% | 87.9% |
| 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 | $262.6M | $257.2M | $249.5M | $241.9M | $268.7M | $289.3M | $300.0M | $303.8M | $290.5M | $299.6M | $311.6M | $356.6M |
| Cash & equivalents | $70.6M | $63.4M | $58.8M | $48.6M | $66.9M | $49.6M | $51.0M | $58.5M | $50.5M | $56.4M | $63.9M | $94.7M |
| Short-term investments | $192.0M | $193.8M | $190.8M | $193.2M | $201.8M | $239.7M | $249.0M | $245.3M | $240.0M | $243.2M | $247.6M | $261.9M |
| Receivables | $26.8M | $14.4M | $18.3M | $33.4M | $27.6M | $22.8M | $27.2M | $16.6M | $16.4M | $12.3M | $14.7M | $28.5M |
| Inventory | $157.8M | $163.0M | $166.9M | $164.6M | $168.4M | $169.1M | $165.6M | $167.7M | $169.9M | $167.9M | $163.2M | $150.2M |
| Other current assets | $24.0M | $23.7M | $23.7M | $16.2M | $18.2M | $18.6M | $21.3M | $19.8M | $23.1M | $22.7M | $22.2M | $20.7M |
| Total current assets | $471.2M | $458.3M | $458.3M | $456.1M | $482.9M | $499.8M | $514.0M | $507.9M | $499.8M | $502.5M | $511.6M | $556.1M |
| Property, plant & equipment (net) | $142.1M | $143.6M | $146.5M | $147.9M | $148.0M | $146.8M | $149.6M | $153.3M | $153.8M | $159.9M | $164.2M | $166.4M |
| Goodwill & intangible assets | $102.2M | $102.3M | $102.5M | $102.7M | $102.9M | $103.1M | $103.3M | $103.6M | $95.4M | $95.7M | $96.3M | $96.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $63.5M | $66.4M | $64.8M | $65.8M | $63.7M | $64.7M | $61.9M | $60.2M | $55.7M | $47.6M | $47.8M | $46.2M |
| Total assets | $779.0M | $770.7M | $772.2M | $772.5M | $797.5M | $814.4M | $828.8M | $825.0M | $804.8M | $805.8M | $819.9M | $865.5M |
| Liabilities | ||||||||||||
| Accounts payable | $28.6M | $31.4M | $34.0M | $37.5M | $31.0M | $33.6M | $29.8M | $27.1M | $24.8M | $27.4M | $26.4M | $28.6M |
| Short-term debt | — | — | — | — | — | — | $2.9M | — | — | — | $2.6M | — |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | −$2.6M | — |
| Total current liabilities | $66.6M | $66.6M | $70.4M | $71.1M | $65.0M | $55.0M | $55.3M | $50.8M | $50.2M | $49.5M | $48.9M | $53.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $31.8M | $32.3M | $29.0M | $29.5M | $28.8M | $23.6M | $23.7M | $25.0M | $23.8M | $18.1M | $18.8M | $27.0M |
| Total liabilities | $98.5M | $98.9M | $99.4M | $100.6M | $93.7M | $78.6M | $79.1M | $75.8M | $74.0M | $67.6M | $67.6M | $80.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20,000 | $20,000 | $20,000 | $20,000 | $21,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $23,000 | $23,000 |
| Retained earnings (deficit) | $663.2M | $665.3M | $673.9M | $673.2M | $705.1M | $730.9M | $734.0M | $736.8M | $733.9M | $740.7M | $753.7M | $771.3M |
| Accumulated other comprehensive income | −$2.9M | −$2.5M | −$1.1M | −$1.3M | −$1.3M | −$2.2M | −$3.0M | $1.0M | −$3.2M | −$2.6M | −$1.5M | −$5.7M |
| Total shareholders' equity | $680.5M | $671.8M | $672.8M | $672.0M | $703.8M | $735.8M | $749.8M | $749.2M | $730.7M | $738.2M | $752.2M | $785.1M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | $28.2M | — | — | — | $10.0M | — |
| Net cash (debt) | — | — | — | — | — | — | $271.8M | — | — | — | $301.6M | — |
| Working capital | $404.5M | $391.8M | $388.0M | $385.0M | $417.9M | $444.9M | $458.7M | $457.1M | $449.6M | $452.9M | $462.7M | $502.7M |
| Tangible book value | $578.4M | $569.5M | $570.3M | $569.3M | $600.9M | $632.7M | $646.4M | $645.7M | $635.3M | $642.4M | $656.0M | $688.2M |
| Book value per share | $12.46 | $12.02 | $12.08 | $12.04 | $12.48 | $12.88 | $13.13 | $13.14 | $12.82 | $12.92 | $13.13 | $13.60 |
| Shares outstanding | 54.6M | 55.9M | 55.7M | 55.8M | 56.4M | 57.1M | 57.1M | 57.0M | 57.0M | 57.1M | 57.3M | 57.7M |
| Current ratio | 7.07 | 6.88 | 6.51 | 6.41 | 7.43 | 9.10 | 9.29 | 10.01 | 9.95 | 10.14 | 10.47 | 10.41 |
| Quick ratio | 4.34 | 4.08 | 3.81 | 3.87 | 4.56 | 5.68 | 5.91 | 6.31 | 6.11 | 6.30 | 6.68 | 7.21 |
| Debt / equity | — | — | — | — | — | — | 0.04 | — | — | — | 0.01 | — |
| Equity / assets | 87.4% | 87.2% | 87.1% | 87.0% | 88.2% | 90.4% | 90.5% | 90.8% | 90.8% | 91.6% | 91.8% | 90.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 6, 2026); data from EODHD.
POWI financial position
At the end of fiscal 2025 (December 31, 2025), Power Integrations had total assets of $772.2 million (down 6.8% from a year earlier), total liabilities of $99.4 million and shareholders' equity of $672.8 million. Its current ratio was 6.51. In the latest quarter (ended June 30, 2026) total assets were $779.0 million and equity $680.5 million.
Related: POWI income statement, POWI cash flow statement, POWI key metrics. See the POWI stock overview for the latest quote and news.
POWI balance sheet FAQ
What are Power Integrations's total assets?
Power Integrations reported total assets of $772.2 million at the end of fiscal 2025 (December 31, 2025), compared with $828.8 million a year earlier.
How much cash does Power Integrations have?
Power Integrations held $249.5 million in cash and short-term investments at the end of fiscal 2025.
What is Power Integrations's book value?
Power Integrations's shareholders' equity (book value) was $672.8 million at the end of fiscal 2025, or $11.95 per share.
What is Power Integrations's current ratio?
Power Integrations had current assets of $458.3 million and current liabilities of $70.4 million, a current ratio of 6.51 (it can cover its short-term obligations).
How much goodwill does Power Integrations have?
Power Integrations carried $102.5 million of goodwill and intangible assets, 13.3% of total assets, at the end of fiscal 2025.