Q32 Bio Inc. (QTTB) Balance Sheet
QTTB balance sheet, 2025
December 31, 2025 · U.S. dollars$61.8M assets = $19.8M liabilities + $42.0M equity
Both columns are drawn to the same scale: what QTTB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QTTB financial health
Descriptive bands, not a rating. Fiscal 2025.
QTTB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $14.2M2016 | $61.8M2025 | +17.7%/yr | |
| Total liabilities | $6.7M2016 | $19.8M2025 | +12.7%/yr | |
| Shareholders’ equity | $7.5M2016 | $42.0M2025 | +21.1%/yr | |
| Cash & short-term investments | $11.4M2016 | $48.3M2025 | +17.4%/yr | |
| Total debt | $15.4M2020 | $15.3M2025 | −0.1%/yr | |
| Net cash (debt) | $202.0M2020 | $33.0M2025 | −$169.0M | |
| Working capital | $5.6M2016 | $43.7M2025 | +$38.1M | |
| Book value per share | $14.222021 | $3.412025 | −30.0%/yr | |
| Current ratio | 1.882016 | 4.852025 | +2.97 | |
| Debt / equity | 0.082020 | 0.372025 | +0.29 | |
| Shares outstanding | 11.9M2021 | 12.3M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QTTB assets
QTTB liabilities and equity
QTTB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QTTB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $48.3M | $78.0M | $25.6M | $175.0M | $155.9M | $217.4M | $262.4M | $214.7M | $129.7M | $11.4M |
| Cash & equivalents | $48.3M | $78.0M | $25.6M | $34.0M | $108.4M | $217.4M | $53.8M | $38.2M | $51.6M | $11.4M |
| Short-term investments | — | — | $43.4M | $141.0M | $47.5M | — | $208.6M | $176.5M | $78.1M | — |
| Receivables | $0 | $555,000 | $755,000 | $1.1M | $909,000 | $400,000 | $400,000 | $800,000 | $0 | $113,260 |
| Inventory | $0 | $0 | $0 | $1.8M | $769,000 | $0 | $1 | $0 | $0 | $0 |
| Other current assets | $6.8M | $3.4M | $2.3M | $4.2M | $34.4M | $1.7M | $3.8M | $6.1M | $1.9M | $481,794 |
| Total current assets | $55.0M | $81.9M | $28.7M | $182.1M | $191.9M | $219.6M | $266.6M | $221.7M | $131.6M | $12.0M |
| Property, plant & equipment (net) | $6.1M | $7.1M | $8.1M | $21.6M | $17.9M | $42.9M | $42.7M | $35.6M | $3.2M | $2.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $2.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $647,000 | $763,000 | $10.3M | $25.8M | $2.0M | $1.3M | $1.3M | $1.8M | $2.8M | $276,000 |
| Total assets | $61.8M | $92.3M | $47.1M | $229.5M | $211.7M | $263.7M | $310.6M | $259.1M | $137.5M | $14.2M |
| Liabilities | ||||||||||
| Accounts payable | $879,000 | $3.0M | $3.5M | $1.4M | $2.4M | $4.7M | $2.6M | $15.7M | $2.5M | $893,673 |
| Short-term debt | $6.9M | $3.7M | $1.4M | $2.0M | $246,000 | $2.5M | — | — | — | — |
| Deferred revenue | — | — | — | $1.2M | $3.2M | $5.6M | $809,000 | $770,000 | $3.3M | — |
| Total current liabilities | $11.3M | $16.5M | $14.1M | $23.6M | $17.2M | $22.7M | $12.4M | $22.5M | $8.9M | $6.4M |
| Long-term debt | $3.5M | $9.6M | $43.2M | $5.1M | $5.0M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $5.6M | $6.2M | $6.8M | $7.3M | $0 | — | — | — | — | — |
| Other long-term liabilities | $4.9M | $60.6M | $172.7M | $22.8M | $19.9M | $45.1M | $39.7M | $40.2M | $30.4M | $340,627 |
| Total liabilities | $19.8M | $86.7M | $230.0M | $51.5M | $42.1M | $67.7M | $52.1M | $62.7M | $39.2M | $6.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $1,000 | $6,000 | $6,000 | $5,000 | $4,000 | $3,000 | $1,388 | $1,117 |
| Retained earnings (deficit) | −$205.0M | −$234.8M | −$187.1M | −$429.1M | −$424.1M | −$328.4M | −$199.7M | −$95.8M | −$40.2M | −$10.2M |
| Accumulated other comprehensive income | — | — | −$5,000 | −$404,000 | −$7,000 | — | $183,000 | −$77,000 | −$73,308 | −$1,117 |
| Total shareholders' equity | $42.0M | $5.7M | −$182.9M | $178.0M | $169.7M | $196.0M | $258.5M | $196.4M | $98.3M | $7.5M |
| Key figures | ||||||||||
| Total debt | $15.3M | $18.9M | $50.8M | $29.9M | $23.9M | $15.4M | — | — | — | — |
| Net cash (debt) | $33.0M | $59.1M | −$25.2M | $145.1M | $131.9M | $202.0M | — | — | — | — |
| Working capital | $43.7M | $65.4M | $14.6M | $158.5M | $174.7M | $196.9M | $254.2M | $199.2M | $122.7M | $5.6M |
| Tangible book value | $42.0M | $5.7M | −$182.9M | $178.0M | $169.7M | $196.0M | $258.5M | $196.4M | $98.3M | $7.5M |
| Book value per share | $3.41 | $0.59 | −$15.33 | $14.92 | $14.22 | — | — | — | — | — |
| Shares outstanding | 12.3M | 9.7M | 11.9M | 11.9M | 11.9M | — | — | — | — | — |
| Current ratio | 4.85 | 4.97 | 2.04 | 7.71 | 11.14 | 9.69 | 21.54 | 9.84 | 14.85 | 1.88 |
| Quick ratio | 4.26 | 4.77 | 1.87 | 7.46 | 9.10 | 9.61 | 21.24 | 9.57 | 14.63 | 1.80 |
| Debt / equity | 0.37 | 3.33 | — | 0.17 | 0.14 | 0.08 | — | — | — | — |
| Equity / assets | 68.0% | 6.1% | −388.7% | 77.5% | 80.1% | 74.3% | 83.2% | 75.8% | 71.5% | 52.7% |
| 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 | $106.3M | $50.8M | $48.3M | $49.0M | $54.8M | $65.5M | $78.0M | $89.1M | $107.6M | $135.3M | $25.6M | $36.3M |
| Cash & equivalents | $106.3M | $50.8M | $48.3M | $49.0M | $54.8M | $65.5M | $78.0M | $89.1M | $97.7M | $115.5M | $25.6M | $36.3M |
| Short-term investments | — | — | — | — | — | — | — | — | $10.0M | $19.8M | $43.4M | $74.2M |
| Receivables | $2.4M | $5.4M | $4.8M | $556,000 | $555,000 | $555,000 | $555,000 | $563,000 | $563,000 | $563,000 | $755,000 | $680,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$563,000 | $2.1M | $2.1M | $2.1M |
| Other current assets | $984,000 | $734,000 | $1.9M | $1.2M | $2.9M | $2.6M | $3.4M | $4.3M | $4.0M | $67,000 | $243,000 | $101,000 |
| Total current assets | $109.6M | $56.9M | $55.0M | $50.8M | $58.3M | $68.6M | $81.9M | $93.9M | $111.6M | $138.0M | $28.7M | $39.1M |
| Property, plant & equipment (net) | $5.6M | $5.8M | $6.1M | $6.3M | $6.6M | $6.8M | $7.1M | $7.4M | $7.6M | $7.8M | $8.1M | $8.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $2.5M | $2.6M | $2.6M | $3.3M | $4.7M | $4.7M | $0 |
| Other non-current assets | $647,000 | $972,000 | $647,000 | $647,000 | $1.2M | $1.1M | $763,000 | $687,000 | $1.7M | $1.7M | $5.5M | $6.3M |
| Total assets | $115.9M | $63.7M | $61.8M | $57.8M | $66.1M | $79.1M | $92.3M | $104.5M | $124.2M | $152.3M | $47.1M | $53.8M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $653,000 | $879,000 | $973,000 | $910,000 | $2.7M | $3.0M | $1.3M | $2.5M | $5.0M | $3.5M | $1.8M |
| Short-term debt | $735,000 | $7.0M | $6.9M | $6.9M | $6.9M | $5.3M | $3.7M | $2.6M | $1.4M | $4.6M | $1.4M | $38.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $18.3M | $18.3M | $24.8M |
| Total current liabilities | $5.4M | $10.7M | $11.3M | $11.1M | $11.5M | $14.6M | $16.5M | $14.4M | $17.2M | $33.0M | $14.1M | $71.8M |
| Long-term debt | $0 | $1.9M | $3.5M | $5.0M | $6.5M | $8.0M | $9.6M | $11.1M | $12.6M | $9.4M | $9.4M | $5.0M |
| Lease obligations | $5.3M | $5.5M | $5.6M | $5.8M | $5.9M | $6.1M | $6.2M | $6.8M | $7.3M | $7.7M | $7.7M | $6.9M |
| Other long-term liabilities | $4.6M | $4.8M | $4.9M | $60.1M | $60.3M | $60.5M | $60.6M | $60.8M | $60.9M | $61.2M | $206.5M | $133.4M |
| Total liabilities | $10.0M | $17.4M | $19.8M | $76.2M | $78.4M | $83.1M | $86.7M | $86.2M | $90.7M | $103.6M | $230.0M | $210.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$221.5M | −$212.6M | −$205.0M | −$262.7M | −$255.3M | −$245.8M | −$234.8M | −$220.6M | −$203.0M | −$186.1M | −$187.1M | −$160.0M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | −$1,000 | −$1,000 | −$5,000 | −$5,000 | −$36,000 |
| Total shareholders' equity | $105.9M | $46.3M | $42.0M | −$18.4M | −$12.2M | −$4.0M | $5.7M | $18.3M | $33.5M | $48.8M | −$182.9M | −$156.5M |
| Key figures | ||||||||||||
| Total debt | $5.3M | $13.6M | $15.3M | $17.0M | $18.7M | $18.8M | $18.9M | $19.4M | $19.9M | $20.1M | $50.8M | $49.7M |
| Net cash (debt) | $101.0M | $37.1M | $33.0M | $32.0M | $36.1M | $46.7M | $59.1M | $69.7M | $87.8M | $115.2M | −$25.2M | −$13.5M |
| Working capital | $104.2M | $46.2M | $43.7M | $39.7M | $46.8M | $54.1M | $65.4M | $79.5M | $94.4M | $105.1M | $14.6M | −$32.7M |
| Tangible book value | $105.9M | $46.3M | $42.0M | −$18.4M | −$12.2M | −$4.0M | $5.7M | $18.3M | $33.5M | $48.8M | −$182.9M | −$156.5M |
| Book value per share | $7.51 | $3.29 | $3.18 | −$1.51 | −$1.00 | −$0.33 | $0.52 | $1.51 | $2.80 | $4.09 | −$15.33 | −$13.11 |
| Shares outstanding | 14.1M | 14.1M | 13.2M | 12.2M | 12.2M | 12.2M | 10.9M | 12.1M | 12.0M | 11.9M | 11.9M | 11.9M |
| Current ratio | 20.30 | 5.33 | 4.85 | 4.57 | 5.06 | 4.71 | 4.97 | 6.53 | 6.49 | 4.19 | 2.04 | 0.54 |
| Quick ratio | 20.12 | 5.26 | 4.68 | 4.46 | 4.80 | 4.53 | 4.77 | 6.23 | 6.29 | 4.12 | 1.87 | 0.51 |
| Debt / equity | 0.05 | 0.29 | 0.37 | — | — | — | 3.33 | 1.06 | 0.59 | 0.41 | — | — |
| Equity / assets | 91.4% | 72.7% | 68.0% | −31.9% | −18.5% | −5.1% | 6.1% | 17.5% | 27.0% | 32.0% | −388.7% | −291.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 10, 2026); data from EODHD.
QTTB financial position
At the end of fiscal 2025 (December 31, 2025), Q32 Bio had total assets of $61.8 million (down 33.1% from a year earlier), total liabilities of $19.8 million and shareholders' equity of $42.0 million. It held $48.3 million in cash and short-term investments against $15.3 million of debt, a net cash position of $33.0 million. Its current ratio was 4.85. In the latest quarter (ended June 30, 2026) total assets were $115.9 million and equity $105.9 million.
Related: QTTB income statement, QTTB cash flow statement, QTTB key metrics. See the QTTB stock overview for the latest quote and news.
QTTB balance sheet FAQ
What are Q32 Bio's total assets?
Q32 Bio reported total assets of $61.8 million at the end of fiscal 2025 (December 31, 2025), compared with $92.3 million a year earlier.
How much debt does Q32 Bio have?
Q32 Bio had $15.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.37.
How much cash does Q32 Bio have?
Q32 Bio held $48.3 million in cash and short-term investments at the end of fiscal 2025; with $15.3 million of debt that is net cash of $33.0 million.
What is Q32 Bio's book value?
Q32 Bio's shareholders' equity (book value) was $42.0 million at the end of fiscal 2025, or $3.41 per share.
What is Q32 Bio's current ratio?
Q32 Bio had current assets of $55.0 million and current liabilities of $11.3 million, a current ratio of 4.85 (it can cover its short-term obligations).