Rallybio Corporation (RLYB) Balance Sheet
RLYB balance sheet, 2025
December 31, 2025 · U.S. dollars$62.3M assets = $4.3M liabilities + $58.0M equity
Both columns are drawn to the same scale: what RLYB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RLYB financial health
Descriptive bands, not a rating. Fiscal 2025.
RLYB balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $21.6M2019 | $62.3M2025 | +19.3%/yr | |
| Total liabilities | $4.7M2019 | $4.3M2025 | −1.6%/yr | |
| Shareholders’ equity | $16.9M2019 | $58.0M2025 | +22.8%/yr | |
| Cash & short-term investments | $19.5M2019 | $54.7M2025 | +18.8%/yr | |
| Total debt | $555,0002022 | $176,0002025 | −31.8%/yr | |
| Net cash (debt) | $168.4M2022 | $54.6M2025 | −$113.9M | |
| Working capital | $17.1M2019 | $57.0M2025 | +$39.9M | |
| Book value per share | $6.062019 | $10.302025 | +9.2%/yr | |
| Debt / equity | 0.002022 | 0.002025 | 0.00 | |
| Shares outstanding | 2.8M2019 | 5.6M2025 | +12.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RLYB assets
RLYB liabilities and equity
RLYB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RLYB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $54.7M | $65.5M | $109.9M | $169.0M | $175.3M | $140.2M | $19.5M |
| Cash & equivalents | $31.4M | $13.9M | $24.5M | $57.0M | $175.3M | $140.2M | $19.5M |
| Short-term investments | $23.4M | $51.6M | $85.4M | $112.0M | $0 | — | — |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $6.5M | $2.3M | $4.9M | $10.5M | $5.5M | $1.0M | $1.5M |
| Total current assets | $61.3M | $67.8M | $114.8M | $179.5M | $180.9M | $141.3M | $20.9M |
| Property, plant & equipment (net) | $198,000 | $267,000 | $592,000 | $909,000 | $511,000 | $287,000 | $199,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $239,000 | $30,000 | $805,000 | $310,000 | $488,000 |
| Other non-current assets | $810,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $62.3M | $68.1M | $115.6M | $180.4M | $182.2M | $141.9M | $21.6M |
| Liabilities | |||||||
| Accounts payable | $126,000 | $278,000 | $976,000 | $1.1M | $603,000 | $1.6M | $857,000 |
| Short-term debt | $94,000 | $154,000 | $219,000 | $181,000 | — | — | — |
| Deferred revenue | $212,000 | $848,000 | — | — | — | — | — |
| Total current liabilities | $4.2M | $6.2M | $9.3M | $10.7M | $6.6M | $5.8M | $3.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $176,000 | $154,000 | $392,000 | $555,000 | $0 | — | — |
| Other long-term liabilities | $82,000 | $212,000 | $173,000 | $374,000 | $32,000 | $12,000 | $941,000 |
| Total liabilities | $4.3M | $6.5M | $9.4M | $11.1M | $6.6M | $5.9M | $4.7M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $3,000 | $2,000 | $230,000 |
| Retained earnings (deficit) | −$302.0M | −$293.0M | −$235.2M | −$160.7M | −$94.0M | −$47.0M | −$20.6M |
| Accumulated other comprehensive income | $18,000 | $68,000 | $15,000 | −$214,000 | $0 | −$230.0M | $56,000 |
| Total shareholders' equity | $58.0M | $61.7M | $106.2M | $169.3M | $175.6M | $136.0M | $16.9M |
| Key figures | |||||||
| Total debt | $176,000 | $154,000 | $392,000 | $555,000 | — | — | — |
| Net cash (debt) | $54.6M | $65.4M | $109.5M | $168.4M | — | — | — |
| Working capital | $57.0M | $61.6M | $105.5M | $168.8M | $174.3M | $135.4M | $17.1M |
| Tangible book value | $58.0M | $61.7M | $106.2M | $169.3M | $175.6M | $136.0M | $16.9M |
| Book value per share | $10.30 | $11.33 | $21.00 | $42.57 | $43.72 | $48.91 | $6.06 |
| Shares outstanding | 5.6M | 5.4M | 5.1M | 4.0M | 4.0M | 2.8M | 2.8M |
| Current ratio | 14.50 | 10.87 | 12.39 | 16.71 | 27.61 | 24.18 | 5.50 |
| Quick ratio | 12.96 | 10.50 | 11.87 | 15.73 | 26.76 | 24.00 | 5.11 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| Equity / assets | 93.1% | 90.5% | 91.8% | 93.8% | 96.4% | 95.9% | 78.0% |
| 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 | $92.8M | $46.8M | $54.7M | $59.3M | $45.7M | $54.5M | $65.5M | $75.1M | $88.6M | $94.2M | $109.9M | $121.4M |
| Cash & equivalents | $92.8M | $41.3M | $31.4M | $32.1M | $9.4M | $14.8M | $13.9M | $25.3M | $16.7M | $19.3M | $24.5M | $19.2M |
| Short-term investments | $0 | $5.5M | $23.4M | $27.2M | $36.3M | $39.7M | $51.6M | $49.8M | $71.9M | $74.9M | $85.4M | $102.2M |
| 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 | $4.4M | $6.7M | $6.5M | $7.3M | $4.5M | $2.9M | $2.3M | $3.1M | $2.8M | $4.4M | $4.9M | $11.0M |
| Total current assets | $97.3M | $53.5M | $61.3M | $66.6M | $50.3M | $57.4M | $67.8M | $78.2M | $91.4M | $98.5M | $114.8M | $132.4M |
| Property, plant & equipment (net) | $0 | $172,000 | $198,000 | $224,000 | $112,000 | $189,000 | $267,000 | $346,000 | $427,000 | $510,000 | $592,000 | $670,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $626,000 | $413,000 | $0 | $431,000 | $568,000 | $304,000 | $239,000 | $102,000 |
| Other non-current assets | $810,000 | $810,000 | $810,000 | $810,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $98.1M | $54.5M | $62.3M | $67.7M | $51.0M | $58.0M | $68.1M | $79.0M | $92.4M | $99.4M | $115.6M | $133.2M |
| Liabilities | ||||||||||||
| Accounts payable | $833,000 | $940,000 | $126,000 | $269,000 | $119,000 | $400,000 | $278,000 | $583,000 | $1.2M | $470,000 | $976,000 | $464,000 |
| Short-term debt | — | $99,000 | $94,000 | $90,000 | $58,000 | $116,000 | $154,000 | $230,000 | $226,000 | $223,000 | $219,000 | $217,000 |
| Deferred revenue | — | — | $212,000 | $424,000 | $636,000 | $848,000 | $848,000 | $1.1M | $1.2M | — | — | — |
| Total current liabilities | $3.6M | $4.1M | $4.2M | $4.5M | $5.0M | $3.9M | $6.2M | $8.2M | $12.2M | $10.1M | $9.3M | $9.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $154,000 | $176,000 | $198,000 | $58,000 | $116,000 | $154,000 | $230,000 | $284,000 | $339,000 | $392,000 | $428,000 |
| Other long-term liabilities | $0 | $55,000 | $82,000 | $108,000 | $0 | $0 | $212,000 | $0 | $253,000 | $116,000 | $173,000 | $211,000 |
| Total liabilities | $3.6M | $4.2M | $4.3M | $4.6M | $5.0M | $3.9M | $6.5M | $8.2M | $12.4M | $10.2M | $9.4M | $9.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Retained earnings (deficit) | −$266.6M | −$310.3M | −$302.0M | −$296.1M | −$312.2M | −$302.5M | −$293.0M | −$282.0M | −$270.5M | −$254.3M | −$235.2M | −$215.0M |
| Accumulated other comprehensive income | — | $1,000 | $18,000 | $24,000 | $17,000 | $47,000 | $68,000 | $169,000 | −$71,000 | −$71,000 | $15,000 | −$208,000 |
| Total shareholders' equity | $94.5M | $50.3M | $58.0M | $63.0M | $46.0M | $54.1M | $61.7M | $70.8M | $80.0M | $89.2M | $106.2M | $123.6M |
| Key figures | ||||||||||||
| Total debt | — | $154,000 | $176,000 | $198,000 | $58,000 | $116,000 | $154,000 | $230,000 | $284,000 | $339,000 | $392,000 | $428,000 |
| Net cash (debt) | — | $46.6M | $54.6M | $59.1M | $45.7M | $54.4M | $65.4M | $74.9M | $88.3M | $93.8M | $109.5M | $121.0M |
| Working capital | $93.7M | $49.4M | $57.0M | $62.1M | $45.2M | $53.5M | $61.6M | $70.0M | $79.3M | $88.5M | $105.5M | $123.0M |
| Tangible book value | $94.5M | $50.3M | $58.0M | $63.0M | $46.0M | $54.1M | $61.7M | $70.8M | $80.0M | $89.2M | $106.2M | $123.6M |
| Book value per share | $16.30 | $8.84 | $10.97 | $11.19 | $8.20 | $9.66 | $11.04 | $12.70 | $14.51 | $17.49 | $20.90 | $24.39 |
| Shares outstanding | 5.8M | 5.7M | 5.3M | 5.6M | 5.6M | 5.6M | 5.6M | 5.6M | 5.5M | 5.1M | 5.1M | 5.1M |
| Current ratio | 27.26 | 12.92 | 14.50 | 14.74 | 9.98 | 14.68 | 10.87 | 9.55 | 7.52 | 9.77 | 12.39 | 14.08 |
| Quick ratio | 26.03 | 11.30 | 12.96 | 13.13 | 9.08 | 13.94 | 10.50 | 9.18 | 7.29 | 9.34 | 11.87 | 12.91 |
| Debt / equity | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 96.4% | 92.3% | 93.1% | 93.2% | 90.1% | 93.3% | 90.5% | 89.6% | 86.6% | 89.7% | 91.8% | 92.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.
RLYB financial position
At the end of fiscal 2025 (December 31, 2025), Rallybio had total assets of $62.3 million (down 8.6% from a year earlier), total liabilities of $4.3 million and shareholders' equity of $58.0 million. It held $54.7 million in cash and short-term investments against $0.2 million of debt, a net cash position of $54.6 million. Its current ratio was 14.50. In the latest quarter (ended June 30, 2026) total assets were $98.1 million and equity $94.5 million.
Related: RLYB income statement, RLYB cash flow statement, RLYB key metrics. See the RLYB stock overview for the latest quote and news.
RLYB balance sheet FAQ
What are Rallybio's total assets?
Rallybio reported total assets of $62.3 million at the end of fiscal 2025 (December 31, 2025), compared with $68.1 million a year earlier.
How much debt does Rallybio have?
Rallybio 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 Rallybio have?
Rallybio held $54.7 million in cash and short-term investments at the end of fiscal 2025; with $0.2 million of debt that is net cash of $54.6 million.
What is Rallybio's book value?
Rallybio's shareholders' equity (book value) was $58.0 million at the end of fiscal 2025, or $10.30 per share.
What is Rallybio's current ratio?
Rallybio had current assets of $61.3 million and current liabilities of $4.2 million, a current ratio of 14.50 (it can cover its short-term obligations).