Perpetua Resources Corp. (PPTA) Balance Sheet
PPTA balance sheet, 2025
December 31, 2025 · U.S. dollars$877.6M assets = $16.3M liabilities + $861.3M equity
Both columns are drawn to the same scale: what PPTA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PPTA financial health
Descriptive bands, not a rating. Fiscal 2025.
PPTA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $109.0M2016 | $877.6M2025 | +26.1%/yr | |
| Total liabilities | $71.5M2016 | $16.3M2025 | −15.1%/yr | |
| Shareholders’ equity | $37.5M2016 | $861.3M2025 | +41.6%/yr | |
| Cash & short-term investments | $37.2M2016 | $773.7M2025 | +40.1%/yr | |
| Total debt | $19.3M2016 | $244,0002025 | −38.5%/yr | |
| Net cash (debt) | $17.8M2016 | $773.5M2025 | +$755.6M | |
| Working capital | $34.4M2016 | $775.3M2025 | +$740.9M | |
| Book value per share | $1.292019 | $9.242025 | +38.9%/yr | |
| Debt / equity | 0.522016 | 0.002025 | −0.52 | |
| Shares outstanding | 25.5M2019 | 93.2M2025 | +24.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PPTA assets
PPTA liabilities and equity
PPTA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PPTA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $773.7M | $44.1M | $3.2M | $22.7M | $47.9M | $25.0M | $17.5M | $29.9M | $18.9M | $37.2M |
| Cash & equivalents | $773.7M | $44.1M | $3.2M | $22.7M | $47.9M | $25.0M | $17.5M | $29.9M | $18.9M | $37.2M |
| Short-term investments | — | $22.8M | $1.1M | $18.4M | $45.4M | $22.8M | $17.1M | $27.8M | $17.8M | — |
| Receivables | $1.8M | $2.6M | $3.2M | $280,150 | $279,946 | $107,727 | $123,576 | $264,047 | $36,792 | $23,315 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $288,349 | $0 |
| Other current assets | $0 | $662,446 | $443,312 | $614,930 | $946,281 | $646,996 | $782,416 | $270,161 | $0 | $282,116 |
| Total current assets | $775.6M | $47.4M | $6.9M | $23.6M | $49.1M | $25.8M | $18.4M | $30.4M | $19.2M | $37.5M |
| Property, plant & equipment (net) | $31,000 | $67.3M | $73.2M | $72.9M | $72.4M | $72.3M | $72.1M | $71.5M | $71.4M | $71.5M |
| Goodwill & intangible assets | $0 | $0 | $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 | $102.1M | $3.0M | $3.0M | $3.0M | $3.0M | $0 | $7 | $0 | $1 | $0 |
| Total assets | $877.6M | $117.6M | $83.1M | $99.4M | $124.5M | $98.1M | $90.5M | $102.0M | $90.6M | $109.0M |
| Liabilities | ||||||||||
| Accounts payable | $13.6M | $5.7M | $5.0M | $2.7M | $2.8M | $3.7M | $4.2M | $2.9M | $3.2M | $1.3M |
| Short-term debt | $244,000 | $28,288 | $27,897 | $70,449 | $69,987 | $201,825 | $178,294 | — | — | — |
| Deferred revenue | — | — | −$5.0M | — | — | −$3.7M | — | — | — | — |
| Total current liabilities | $244,000 | $6.8M | $7.8M | $12.4M | $5.7M | $3.9M | $4.7M | $3.4M | $3.5M | $3.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $9.6M | $27.3M | $23.4M | $22.9M | $0 |
| Lease obligations | $244,000 | $28,288 | $27,897 | $70,449 | $69,987 | $266,961 | $443,857 | — | — | — |
| Other long-term liabilities | $16.1M | $2.0M | $3.0M | $1.2M | $7.2M | $27.0M | $25.7M | $48.5M | $29.8M | $68.4M |
| Total liabilities | $16.3M | $8.8M | $10.8M | $13.6M | $12.9M | $40.5M | $57.8M | $75.3M | $56.3M | $71.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.49B | $668.7M | $618.6M | $615.6M | $615.4M | $528.7M | $283.5M | $267.6M | $228.8M | $225.2M |
| Retained earnings (deficit) | −$695.6M | −$595.2M | −$580.7M | −$561.9M | −$533.2M | −$497.3M | −$276.6M | −$265.3M | −$218.0M | −$209.7M |
| Accumulated other comprehensive income | — | — | — | — | — | $26.2M | $25.9M | $24.4M | $23.6M | $22.1M |
| Total shareholders' equity | $861.3M | $108.9M | $72.3M | $85.8M | $111.6M | $57.6M | $32.7M | $26.7M | $34.4M | $37.5M |
| Key figures | ||||||||||
| Total debt | $244,000 | $28,288 | $27,897 | $70,449 | $69,987 | $9.8M | $27.8M | $23.4M | $22.9M | $19.3M |
| Net cash (debt) | $773.5M | $44.1M | $3.2M | $22.6M | $47.8M | $15.2M | −$10.3M | $6.5M | −$4.0M | $17.8M |
| Working capital | $775.3M | $40.6M | −$935,804 | $11.2M | $43.3M | $21.9M | $13.7M | $27.0M | $15.7M | $34.4M |
| Tangible book value | $861.3M | $108.9M | $72.3M | $85.8M | $111.6M | $57.6M | $32.7M | $26.7M | $34.4M | $37.5M |
| Book value per share | $9.24 | $1.66 | $1.14 | $1.36 | $2.05 | $1.68 | $1.29 | — | — | — |
| Shares outstanding | 93.2M | 65.6M | 63.2M | 63.0M | 54.5M | 34.2M | 25.5M | — | — | — |
| Current ratio | 3,178.49 | 7.01 | 0.88 | 1.90 | 8.55 | 6.55 | 3.93 | 9.01 | 5.50 | 11.98 |
| Quick ratio | 3,178.49 | 6.92 | 0.82 | 1.85 | 8.38 | 6.39 | 3.77 | 8.93 | 5.42 | 11.89 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.85 | 0.88 | 0.67 | 0.52 |
| Equity / assets | 98.1% | 92.6% | 87.0% | 86.3% | 89.6% | 58.7% | 36.2% | 26.2% | 37.9% | 34.4% |
| 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 | $574.2M | $669.5M | $773.7M | $445.8M | $425.4M | $19.1M | $44.1M | $11.2M | $1.9M | $8.0M | $3.2M | $7.1M |
| Cash & equivalents | $574.2M | $669.5M | $773.7M | $445.8M | $425.4M | $19.1M | $44.1M | $11.2M | $1.9M | $8.0M | $3.2M | $7.1M |
| Short-term investments | — | — | — | — | — | — | $22.8M | $5.1M | $852,450 | $3.5M | $1.1M | $4.0M |
| Receivables | $3.3M | $3.0M | $1.8M | $2.6M | $2.1M | $2.7M | $2.6M | $8.8M | $7.6M | $1.9M | $3.2M | $2.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | −$1.4M |
| Other current assets | $21.9M | $0 | $0 | $11.7M | $19.5M | $19.5M | $662,446 | $924,601 | $754,752 | $495,816 | $443,312 | $2.7M |
| Total current assets | $599.4M | $672.5M | $775.6M | $460.2M | $447.0M | $41.3M | $47.4M | $21.0M | $10.2M | $10.4M | $6.9M | $10.4M |
| Property, plant & equipment (net) | $44.8M | $3.1M | $31,000 | $1.5M | $68.1M | $67.2M | $67.3M | $65.3M | $65.1M | $64.9M | $73.2M | $73.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $129.3M | $179.1M | $102.1M | $83.2M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M |
| Total assets | $773.5M | $854.7M | $877.6M | $544.9M | $518.0M | $111.5M | $117.6M | $89.3M | $78.3M | $78.3M | $83.1M | $86.7M |
| Liabilities | ||||||||||||
| Accounts payable | $46.7M | $32.4M | $13.6M | $10.8M | $5.2M | $5.9M | $5.7M | $7.3M | $4.3M | $2.7M | $5.0M | $5.5M |
| Short-term debt | $875,000 | $3.6M | $244,000 | $48,706 | $65,691 | $11,455 | $28,288 | $44,706 | $60,721 | $11,297 | $27,897 | $55,279 |
| Deferred revenue | — | — | — | — | — | — | — | — | −$4.3M | −$2.7M | −$5.0M | — |
| Total current liabilities | $48.6M | $3.6M | $244,000 | $10.9M | $6.3M | $6.9M | $6.8M | $9.1M | $6.7M | $5.0M | $7.8M | $8.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.6M | $3.6M | $244,000 | $48,706 | $65,691 | $11,455 | $28,288 | $44,706 | $60,721 | $11,297 | $27,897 | $55,279 |
| Other long-term liabilities | $5.1M | $35.0M | $16.1M | $2.0M | $2.0M | $2.0M | $2.0M | $3.0M | $3.0M | $3.0M | $3.0M | $5.0M |
| Total liabilities | $53.7M | $38.5M | $16.3M | $12.9M | $8.3M | $8.9M | $8.8M | $12.1M | $9.7M | $8.0M | $10.8M | $13.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.50B | $1.50B | $1.49B | $1.14B | $1.09B | $674.6M | $668.7M | $632.7M | $621.0M | $619.4M | $618.6M | $616.3M |
| Retained earnings (deficit) | −$841.7M | −$744.2M | −$695.6M | −$635.2M | −$609.4M | −$603.4M | −$595.2M | −$590.9M | −$587.3M | −$583.6M | −$580.7M | −$576.8M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $719.9M | $816.2M | $861.3M | $532.0M | $509.7M | $102.6M | $108.9M | $77.2M | $68.6M | $70.4M | $72.3M | $73.3M |
| Key figures | ||||||||||||
| Total debt | $3.6M | $3.6M | $244,000 | $48,705 | $65,691 | $11,455 | $28,288 | $44,706 | $60,721 | $11,297 | $27,897 | $55,279 |
| Net cash (debt) | $570.6M | $665.9M | $773.5M | $445.8M | $425.3M | $19.1M | $44.1M | $11.2M | $1.8M | $8.0M | $3.2M | $7.0M |
| Working capital | $550.8M | $668.9M | $775.3M | $449.3M | $440.7M | $34.3M | $40.6M | $11.9M | $3.6M | $5.5M | −$935,804 | $2.0M |
| Tangible book value | $719.9M | $816.2M | $861.3M | $532.0M | $509.7M | $102.6M | $108.9M | $77.2M | $68.6M | $70.4M | $72.3M | $73.3M |
| Book value per share | $5.75 | $6.55 | $9.24 | $6.96 | $6.67 | $1.45 | $1.61 | $1.18 | $1.06 | $1.10 | $1.14 | $1.16 |
| Shares outstanding | 125.1M | 124.7M | 93.2M | 76.5M | 76.5M | 70.6M | 67.8M | 65.5M | 64.5M | 64.1M | 63.5M | 63.2M |
| Current ratio | 12.34 | 188.73 | 3,178.49 | 42.25 | 71.11 | 5.95 | 7.01 | 2.31 | 1.54 | 2.11 | 0.88 | 1.24 |
| Quick ratio | 11.89 | 188.73 | 3,178.49 | 41.17 | 68.00 | 3.14 | 6.92 | 2.20 | 1.42 | 2.01 | 0.82 | 1.08 |
| Debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 93.1% | 95.5% | 98.1% | 97.6% | 98.4% | 92.0% | 92.6% | 86.5% | 87.6% | 89.8% | 87.0% | 84.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
PPTA financial position
At the end of fiscal 2025 (December 31, 2025), Perpetua Resources had total assets of $877.6 million (up 646.2% from a year earlier), total liabilities of $16.3 million and shareholders' equity of $861.3 million. It held $773.7 million in cash and short-term investments against $0.2 million of debt, a net cash position of $773.5 million. Its current ratio was 3,178.49. In the latest quarter (ended June 30, 2026) total assets were $773.5 million and equity $719.9 million.
Related: PPTA income statement, PPTA cash flow statement, PPTA key metrics. See the PPTA stock overview for the latest quote and news.
PPTA balance sheet FAQ
What are Perpetua Resources's total assets?
Perpetua Resources reported total assets of $877.6 million at the end of fiscal 2025 (December 31, 2025), compared with $117.6 million a year earlier.
How much debt does Perpetua Resources have?
Perpetua Resources had $0.2 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 Perpetua Resources have?
Perpetua Resources held $773.7 million in cash and short-term investments at the end of fiscal 2025; with $0.2 million of debt that is net cash of $773.5 million.
What is Perpetua Resources's book value?
Perpetua Resources's shareholders' equity (book value) was $861.3 million at the end of fiscal 2025, or $9.24 per share.
What is Perpetua Resources's current ratio?
Perpetua Resources had current assets of $775.6 million and current liabilities of $0.2 million, a current ratio of 3,178.49 (it can cover its short-term obligations).