Rail Vision Ltd. (RVSN) Balance Sheet
RVSN balance sheet, 2025
December 31, 2025 · U.S. dollars$22.5M assets = $2.2M liabilities + $20.3M equity
Both columns are drawn to the same scale: what RVSN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RVSN financial health
Descriptive bands, not a rating. Fiscal 2025.
RVSN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.4M2016 | $22.5M2025 | +152.5%/yr | |
| Total liabilities | $168,0002016 | $2.2M2025 | +136.0%/yr | |
| Shareholders’ equity | $1.2M2016 | $20.3M2025 | +154.6%/yr | |
| Cash & short-term investments | $1.1M2016 | $20.0M2025 | +159.1%/yr | |
| Total debt | $522,0002024 | $248,0002025 | −52.5%/yr | |
| Net cash (debt) | $16.7M2024 | $19.7M2025 | +$3.0M | |
| Working capital | $1.1M2016 | $19.8M2025 | +$18.7M | |
| Book value per share | $31.942024 | $11.262025 | −64.7%/yr | |
| Current ratio | 7.472016 | 9.962025 | +2.49 | |
| Debt / equity | 0.032024 | 0.012025 | −0.02 | |
| Shares outstanding | 554K2024 | 1.8M2025 | +225.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RVSN assets
RVSN liabilities and equity
RVSN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RVSN balance sheet
| 2025 | 2024 | 2017 | 2016 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $20.0M | $17.2M | $2.5M | $1.1M |
| Cash & equivalents | $20.0M | $17.2M | $2.5M | $1.1M |
| Receivables | $215,000 | $495,000 | $0 | $0 |
| Inventory | $1.2M | $1.3M | $0 | $0 |
| Other current assets | $614,000 | $666,000 | $366,000 | $107,000 |
| Total current assets | $22.0M | $19.7M | $2.9M | $1.3M |
| Property, plant & equipment (net) | $550,000 | $894,000 | $292,000 | $70,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $199,000 | $75,000 |
| Total assets | $22.5M | $20.6M | $3.3M | $1.4M |
| Liabilities | ||||
| Accounts payable | $219,000 | $107,000 | $19,000 | $71,000 |
| Short-term debt | $248,000 | $305,000 | — | — |
| Deferred revenue | $538,000 | $996,000 | — | — |
| Total current liabilities | $2.2M | $2.7M | $504,000 | $168,000 |
| Long-term debt | $0 | $0 | $0 | $0 |
| Lease obligations | $248,000 | $522,000 | — | — |
| Other long-term liabilities | $0 | $217,000 | $0 | $0 |
| Total liabilities | $2.2M | $2.9M | $504,000 | $168,000 |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −$107.8M | −$96.7M | −$4.7M | −$887,000 |
| Total shareholders' equity | $20.3M | $17.7M | $2.8M | $1.2M |
| Key figures | ||||
| Total debt | $248,000 | $522,000 | — | — |
| Net cash (debt) | $19.7M | $16.7M | — | — |
| Working capital | $19.8M | $17.0M | $2.4M | $1.1M |
| Tangible book value | $20.3M | $17.7M | $2.8M | $1.2M |
| Book value per share | $11.26 | $31.94 | — | — |
| Shares outstanding | 1.8M | 554K | — | — |
| Current ratio | 9.96 | 7.36 | 5.67 | 7.47 |
| Quick ratio | 9.13 | 6.62 | 4.94 | 6.83 |
| Debt / equity | 0.01 | 0.03 | — | — |
| Equity / assets | 90.2% | 85.9% | 85.0% | 88.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $15.3M | $15.3M | $20.0M | $20.0M | $22.4M | $22.4M | $17.2M | $17.2M | $9.7M | $9.7M |
| Cash & equivalents | $15.3M | $15.3M | $20.0M | $20.0M | $22.4M | $22.4M | $17.2M | $17.2M | $9.7M | $9.7M |
| Receivables | $482,000 | $482,000 | $215,000 | $215,000 | $95,000 | $95,000 | $495,000 | $495,000 | $135,000 | $135,000 |
| Inventory | $598,000 | $598,000 | $1.2M | $1.2M | $1.4M | $1.4M | $1.3M | $1.3M | $968,000 | $968,000 |
| Other current assets | $808,000 | $808,000 | $614,000 | $614,000 | $728,000 | $728,000 | $666,000 | $666,000 | $569,000 | $569,000 |
| Total current assets | $17.2M | $17.2M | $22.0M | $22.0M | $24.7M | $24.7M | $19.7M | $19.7M | $11.4M | $11.4M |
| Property, plant & equipment (net) | $381,000 | $381,000 | $550,000 | $550,000 | $686,000 | $686,000 | $894,000 | $894,000 | $1.1M | $1.1M |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $17.6M | $17.6M | $22.5M | $22.5M | $25.4M | $25.4M | $20.6M | $20.6M | $12.5M | $12.5M |
| Liabilities | ||||||||||
| Accounts payable | $156,000 | $156,000 | $219,000 | $219,000 | $77,000 | $77,000 | $107,000 | $107,000 | $88,000 | $88,000 |
| Short-term debt | $68,000 | $68,000 | $248,000 | $248,000 | $345,000 | $345,000 | $610,000 | $305,000 | $282,000 | $282,000 |
| Deferred revenue | — | — | $538,000 | — | — | — | $996,000 | — | — | — |
| Total current liabilities | $1.8M | $1.8M | $2.2M | $2.2M | $2.6M | $2.6M | $2.7M | $2.7M | $2.2M | $2.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $68,000 | — | $248,000 | — | $405,000 | — | $522,000 | — | $645,000 | — |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $60,000 | $60,000 | $217,000 | $217,000 | $363,000 | $363,000 |
| Total liabilities | $1.8M | $1.8M | $2.2M | $2.2M | $2.7M | $2.7M | $2.9M | $2.9M | $2.6M | $2.6M |
| Shareholders' equity | ||||||||||
| Retained earnings (deficit) | −$115.0M | −$115.0M | −$107.8M | −$107.8M | −$102.3M | −$102.3M | −$96.7M | −$96.7M | −$90.3M | −$90.3M |
| Minority interest | $0 | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $15.8M | $15.8M | $20.3M | $20.3M | $22.7M | $22.7M | $17.7M | $17.7M | $9.9M | $9.9M |
| Key figures | ||||||||||
| Total debt | $68,000 | $68,000 | $248,000 | $248,000 | $405,000 | $405,000 | $522,000 | $522,000 | $645,000 | $645,000 |
| Net cash (debt) | $15.2M | $15.2M | $19.7M | $19.7M | $22.0M | $22.0M | $16.7M | $16.7M | $9.0M | $9.0M |
| Working capital | $15.4M | $15.4M | $19.8M | $19.8M | $22.1M | $22.1M | $17.0M | $17.0M | $9.2M | $9.2M |
| Tangible book value | $15.8M | $15.8M | $20.3M | $20.3M | $22.7M | $22.7M | $17.7M | $17.7M | $9.9M | $9.9M |
| Book value per share | $7.19 | $7.19 | $10.53 | $10.53 | $13.52 | $13.52 | $25.22 | $25.22 | — | — |
| Shares outstanding | 2.2M | 2.2M | 1.9M | 1.9M | 1.7M | 1.7M | 702K | 702K | — | — |
| Current ratio | 9.60 | 9.60 | 9.96 | 9.96 | 9.44 | 9.44 | 7.36 | 7.36 | 5.18 | 5.18 |
| Quick ratio | 8.81 | 8.81 | 9.13 | 9.13 | 8.61 | 8.61 | 6.62 | 6.62 | 4.48 | 4.48 |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.07 | 0.07 |
| Equity / assets | 89.8% | 89.8% | 90.2% | 90.2% | 89.5% | 89.5% | 85.9% | 85.9% | 79.5% | 79.5% |
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.
RVSN financial position
At the end of fiscal 2025 (December 31, 2025), Rail Vision had total assets of $22.5 million (up 9.4% from a year earlier), total liabilities of $2.2 million and shareholders' equity of $20.3 million. It held $20.0 million in cash and short-term investments against $0.2 million of debt, a net cash position of $19.7 million. Its current ratio was 9.96. In the latest quarter (ended June 30, 2026) total assets were $17.6 million and equity $15.8 million.
Related: RVSN income statement, RVSN cash flow statement, RVSN key metrics. See the RVSN stock overview for the latest quote and news.
RVSN balance sheet FAQ
What are Rail Vision's total assets?
Rail Vision reported total assets of $22.5 million at the end of fiscal 2025 (December 31, 2025), compared with $20.6 million a year earlier.
How much debt does Rail Vision have?
Rail Vision 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 0.01.
How much cash does Rail Vision have?
Rail Vision held $20.0 million in cash and short-term investments at the end of fiscal 2025; with $0.2 million of debt that is net cash of $19.7 million.
What is Rail Vision's book value?
Rail Vision's shareholders' equity (book value) was $20.3 million at the end of fiscal 2025, or $11.26 per share.
What is Rail Vision's current ratio?
Rail Vision had current assets of $22.0 million and current liabilities of $2.2 million, a current ratio of 9.96 (it can cover its short-term obligations).