The Beauty Health Company (SKIN) Balance Sheet
SKIN balance sheet, 2025
December 31, 2025 · U.S. dollars$499.8M assets = $438.7M liabilities + $61.1M equity
Both columns are drawn to the same scale: what SKIN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SKIN financial health
Descriptive bands, not a rating. Fiscal 2025.
SKIN balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $226.4M2019 | $499.8M2025 | +14.1%/yr | |
| Total liabilities | $227.6M2019 | $438.7M2025 | +11.6%/yr | |
| Shareholders’ equity | −$1.2M2019 | $61.1M2025 | — | |
| Cash & short-term investments | $7.3M2019 | $232.7M2025 | +78.0%/yr | |
| Total debt | $190.2M2019 | $378.7M2025 | +12.2%/yr | |
| Net cash (debt) | −$182.9M2019 | −$146.0M2025 | +$36.9M | |
| Working capital | $16.4M2019 | $123.2M2025 | +$106.8M | |
| Book value per share | −$0.752019 | $9.002025 | — | |
| Current ratio | 1.432019 | 1.662025 | +0.23 | |
| Debt / equity | 2.432021 | 6.202025 | +3.77 | |
| Shares outstanding | 1.6M2019 | 6.8M2025 | +27.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SKIN assets
SKIN liabilities and equity
SKIN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SKIN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $232.7M | $370.1M | $523.0M | $568.2M | $901.9M | $9.5M | $7.3M |
| Cash & equivalents | $232.7M | $370.1M | $523.0M | $568.2M | $901.9M | $9.5M | $7.3M |
| Short-term investments | — | — | — | — | — | −$20,625 | — |
| Receivables | $23.4M | $28.5M | $55.0M | $77.8M | $51.4M | $23.2M | $23.7M |
| Inventory | $48.0M | $69.1M | $91.3M | $109.7M | $35.3M | $23.2M | $19.4M |
| Other current assets | $5.4M | $9.5M | $28.9M | $27.6M | $12.3M | $3.2M | $3.7M |
| Total current assets | $309.5M | $477.1M | $698.3M | $783.3M | $1.00B | $59.1M | $54.2M |
| Property, plant & equipment (net) | $14.1M | $19.6M | $26.3M | $33.8M | $31.2M | $9.2M | $10.8M |
| Goodwill & intangible assets | $162.4M | $171.0M | $187.9M | $171.0M | $179.7M | $149.5M | $158.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $460.1M | $0 |
| Other non-current assets | $13.8M | $18.0M | $16.6M | $15.0M | $7.0M | $0 | $2.6M |
| Total assets | $499.8M | $685.7M | $929.1M | $1.00B | $1.22B | $222.8M | $226.4M |
| Liabilities | |||||||
| Accounts payable | $15.6M | $21.9M | $44.8M | $28.5M | $29.0M | $18.5M | $14.3M |
| Short-term debt | $129.1M | $5.1M | $4.6M | $5.0M | $3.7M | $512,000 | $9.1M |
| Deferred revenue | — | $2.4M | $450,000 | $815,000 | $40.0M | — | $14.5M |
| Total current liabilities | $186.3M | $68.2M | $115.0M | $71.7M | $76.4M | $30.9M | $37.8M |
| Long-term debt | $240.4M | $552.2M | $738.4M | $734.1M | $729.9M | $216.0M | $180.8M |
| Lease obligations | $14.4M | $16.0M | $13.9M | $17.6M | $16.5M | $0 | $420,000 |
| Other long-term liabilities | $12.0M | $13.5M | $16.3M | $30.2M | $110.2M | $5.8M | $8.9M |
| Total liabilities | $438.7M | $633.9M | $869.7M | $836.0M | $916.5M | $252.8M | $227.6M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $13,000 | $12,000 | $12,000 | $14,000 | $16,000 | $4,000 | — |
| Retained earnings (deficit) | −$517.5M | −$508.0M | −$478.9M | −$378.8M | −$418.7M | −$43.6M | −$14.4M |
| Accumulated other comprehensive income | −$1.4M | −$7.0M | −$3.0M | −$4.5M | −$1.3M | $242,000 | $28,000 |
| Total shareholders' equity | $61.1M | $51.8M | $59.4M | $167.1M | $302.3M | −$30.0M | −$1.2M |
| Key figures | |||||||
| Total debt | $378.7M | $568.2M | $752.3M | $751.8M | $733.6M | $216.5M | $190.2M |
| Net cash (debt) | −$146.0M | −$198.1M | −$229.3M | −$183.6M | $168.3M | −$207.1M | −$182.9M |
| Working capital | $123.2M | $409.0M | $583.2M | $711.6M | $924.5M | $28.2M | $16.4M |
| Tangible book value | −$101.3M | −$119.2M | −$128.6M | −$3.9M | $122.6M | −$179.4M | −$160.0M |
| Book value per share | $9.00 | $7.27 | $9.02 | $22.50 | — | −$17.47 | −$0.75 |
| Shares outstanding | 6.8M | 7.1M | 6.6M | 7.4M | — | 1.7M | 1.6M |
| Current ratio | 1.66 | 7.00 | 6.07 | 10.92 | 13.09 | 1.91 | 1.43 |
| Quick ratio | 1.37 | 5.85 | 5.03 | 9.01 | 12.47 | 1.06 | 0.82 |
| Debt / equity | 6.20 | 10.97 | 12.67 | 4.50 | 2.43 | — | — |
| Equity / assets | 12.2% | 7.6% | 6.4% | 16.7% | 24.8% | −13.4% | −0.5% |
| 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 | $206.1M | $204.4M | $232.7M | $219.4M | $212.0M | $373.0M | $370.1M | $358.9M | $349.5M | $444.6M | $523.0M | $559.4M |
| Cash & equivalents | $206.1M | $204.4M | $232.7M | $219.4M | $212.0M | $373.0M | $370.1M | $358.9M | $349.5M | $444.6M | $523.0M | $559.4M |
| Short-term investments | — | — | — | — | — | — | $37,000 | — | — | — | — | — |
| Receivables | $19.6M | $20.3M | $23.4M | $25.4M | $27.1M | $23.5M | $28.5M | $36.7M | $41.8M | $48.9M | $55.0M | $67.8M |
| Inventory | $46.8M | $47.7M | $48.0M | $56.1M | $59.2M | $65.6M | $69.1M | $73.4M | $77.1M | $95.7M | $91.3M | $74.9M |
| Other current assets | $22.7M | $5.3M | $5.4M | $7.4M | $7.8M | $7.2M | $9.5M | $16.0M | $21.1M | $25.6M | $28.9M | $35.9M |
| Total current assets | $295.2M | $277.7M | $309.5M | $308.4M | $306.1M | $469.4M | $477.1M | $485.0M | $489.6M | $614.8M | $698.3M | $738.0M |
| Property, plant & equipment (net) | $21.5M | $22.6M | $14.1M | $16.7M | $15.2M | $16.7M | $19.6M | $22.2M | $24.7M | $28.4M | $26.3M | $29.4M |
| Goodwill & intangible assets | $156.5M | $159.0M | $162.4M | $164.5M | $169.8M | $169.9M | $171.0M | $176.4M | $179.0M | $183.8M | $187.9M | $189.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $13.4M | $13.9M | $13.8M | $14.1M | $16.5M | $17.8M | $18.0M | $15.8M | $18.6M | $17.7M | $16.6M | $16.3M |
| Total assets | $486.6M | $473.2M | $499.8M | $503.6M | $507.6M | $673.8M | $685.7M | $699.5M | $711.8M | $844.7M | $929.1M | $973.1M |
| Liabilities | ||||||||||||
| Accounts payable | $16.1M | $15.9M | $15.6M | $17.3M | $23.0M | $23.1M | $21.9M | $23.1M | $26.7M | $37.3M | $44.8M | $35.9M |
| Short-term debt | $106.9M | $107.1M | $129.1M | $5.0M | $5.2M | $5.1M | $5.1M | $4.8M | $4.3M | $4.6M | $4.6M | $4.7M |
| Deferred revenue | — | $1.1M | $1.0M | $534,000 | $172,000 | $590,000 | $2.4M | $3.3M | $3.9M | $3.4M | $450,000 | $2.0M |
| Total current liabilities | $168.2M | $155.2M | $186.3M | $61.9M | $59.4M | $62.8M | $68.2M | $73.9M | $75.4M | $93.6M | $115.0M | $125.9M |
| Long-term debt | $242.1M | $241.3M | $240.4M | $363.4M | $363.1M | $553.0M | $552.2M | $551.4M | $550.6M | $665.5M | $738.4M | $737.3M |
| Lease obligations | $21.8M | $22.9M | $14.4M | $15.6M | $13.6M | $14.7M | $16.0M | $16.9M | $17.0M | $18.3M | $13.9M | $14.8M |
| Other long-term liabilities | $20.7M | $21.5M | $12.0M | $12.7M | $11.0M | $12.0M | $13.5M | $14.5M | $16.6M | $22.4M | $16.3M | $19.9M |
| Total liabilities | $431.0M | $418.0M | $438.7M | $438.0M | $433.6M | $627.8M | $633.9M | $639.8M | $642.6M | $781.4M | $869.7M | $883.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $13,000 | $13,000 | $13,000 | $13,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $14,000 |
| Retained earnings (deficit) | −$526.8M | −$524.1M | −$517.5M | −$509.4M | −$498.3M | −$518.1M | −$508.0M | −$497.6M | −$479.3M | −$479.5M | −$478.9M | −$469.5M |
| Accumulated other comprehensive income | −$1.4M | −$1.7M | −$1.4M | −$1.8M | −$2.2M | −$5.8M | −$7.0M | −$3.7M | −$4.9M | −$4.1M | −$3.0M | −$5.1M |
| Total shareholders' equity | $55.6M | $55.2M | $61.1M | $65.7M | $74.0M | $46.1M | $51.8M | $59.7M | $69.2M | $63.3M | $59.4M | $90.0M |
| Key figures | ||||||||||||
| Total debt | $367.1M | $367.2M | $378.8M | $379.0M | $376.7M | $567.7M | $568.2M | $568.3M | $567.6M | $683.8M | $752.3M | $752.1M |
| Net cash (debt) | −$161.0M | −$162.8M | −$146.1M | −$159.6M | −$164.7M | −$194.7M | −$198.1M | −$209.4M | −$218.1M | −$239.2M | −$229.3M | −$192.7M |
| Working capital | $127.0M | $122.5M | $123.2M | $246.5M | $246.7M | $406.6M | $409.0M | $411.1M | $414.2M | $521.3M | $583.2M | $612.1M |
| Tangible book value | −$100.9M | −$103.8M | −$101.3M | −$98.8M | −$95.8M | −$123.8M | −$119.2M | −$116.7M | −$109.8M | −$120.5M | −$128.6M | −$99.4M |
| Book value per share | $8.58 | $8.40 | $9.58 | $10.35 | $10.55 | $7.37 | $8.33 | $9.63 | $9.75 | $8.76 | $9.23 | $13.54 |
| Shares outstanding | 6.5M | 6.6M | 6.4M | 6.3M | 7.0M | 6.3M | 6.2M | 6.2M | 7.1M | 7.2M | 6.4M | 6.6M |
| Current ratio | 1.76 | 1.79 | 1.66 | 4.98 | 5.15 | 7.47 | 7.00 | 6.56 | 6.49 | 6.57 | 6.07 | 5.86 |
| Quick ratio | 1.34 | 1.45 | 1.37 | 3.95 | 4.02 | 6.31 | 5.85 | 5.35 | 5.19 | 5.27 | 5.03 | 4.98 |
| Debt / equity | 6.60 | 6.65 | 6.20 | 5.77 | 5.09 | 12.32 | 10.97 | 9.52 | 8.20 | 10.80 | 12.67 | 8.36 |
| Equity / assets | 11.4% | 11.7% | 12.2% | 13.0% | 14.6% | 6.8% | 7.6% | 8.5% | 9.7% | 7.5% | 6.4% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 12, 2026); data from EODHD.
SKIN financial position
At the end of fiscal 2025 (December 31, 2025), Beauty Health had total assets of $499.8 million (down 27.1% from a year earlier), total liabilities of $438.7 million and shareholders' equity of $61.1 million. It held $232.7 million in cash and short-term investments against $378.7 million of debt, net debt of $146.0 million. Its current ratio was 1.66. In the latest quarter (ended June 30, 2026) total assets were $486.6 million and equity $55.6 million.
Related: SKIN income statement, SKIN cash flow statement, SKIN key metrics. See the SKIN stock overview for the latest quote and news.
SKIN balance sheet FAQ
What are Beauty Health's total assets?
Beauty Health reported total assets of $499.8 million at the end of fiscal 2025 (December 31, 2025), compared with $685.7 million a year earlier.
How much debt does Beauty Health have?
Beauty Health had $378.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 6.20.
How much cash does Beauty Health have?
Beauty Health held $232.7 million in cash and short-term investments at the end of fiscal 2025; with $378.7 million of debt that is net debt of $146.0 million.
What is Beauty Health's book value?
Beauty Health's shareholders' equity (book value) was $61.1 million at the end of fiscal 2025, or $9.00 per share.
What is Beauty Health's current ratio?
Beauty Health had current assets of $309.5 million and current liabilities of $186.3 million, a current ratio of 1.66 (it can cover its short-term obligations).
How much goodwill does Beauty Health have?
Beauty Health carried $162.4 million of goodwill and intangible assets, 32.5% of total assets, at the end of fiscal 2025.