Sol-Gel Technologies Ltd. (SLGL) Balance Sheet
SLGL balance sheet, 2025
December 31, 2025 · U.S. dollars$29.9M assets = $7.1M liabilities + $22.8M equity
Both columns are drawn to the same scale: what SLGL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SLGL financial health
Descriptive bands, not a rating. Fiscal 2025.
SLGL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.0M2016 | $29.9M2025 | +11.8%/yr | |
| Total liabilities | $42.3M2016 | $7.1M2025 | −18.0%/yr | |
| Shareholders’ equity | −$31.3M2016 | $22.8M2025 | — | |
| Cash & short-term investments | $7.0M2016 | $24.0M2025 | +14.7%/yr | |
| Total debt | $37.3M2016 | $991,0002025 | −33.2%/yr | |
| Net cash (debt) | −$30.3M2016 | $23.0M2025 | +$53.3M | |
| Working capital | −$33.3M2016 | $20.8M2025 | +$54.1M | |
| Book value per share | −$2.672016 | $8.192025 | — | |
| Current ratio | 0.202016 | 4.372025 | +4.17 | |
| Debt / equity | 0.042019 | 0.042025 | 0.00 | |
| Shares outstanding | 11.7M2016 | 2.8M2025 | −14.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SLGL assets
SLGL liabilities and equity
SLGL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SLGL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $24.0M | $23.9M | $38.0M | $33.6M | $43.2M | $50.2M | $50.4M | $63.0M | $9.0M | $7.0M |
| Cash & equivalents | $11.0M | $19.5M | $7.5M | $12.4M | $20.1M | $7.1M | $9.4M | $5.3M | $5.0M | $7.0M |
| Short-term investments | $13.0M | $4.4M | $30.5M | $21.2M | $23.2M | $43.1M | $41.0M | $57.7M | $4.0M | — |
| Receivables | $2.0M | $3.6M | $377,000 | $7.9M | $13.1M | $2.2M | $4.1M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $1 | $1 | $0 | $1 | $0 | $0 | $0 |
| Other current assets | $1.0M | $3.8M | $2.8M | $1.5M | $799,999 | $1.1M | $1.3M | $3.0M | $1.5M | $1.3M |
| Total current assets | $27.0M | $31.3M | $41.2M | $43.1M | $57.1M | $53.4M | $55.8M | $66.0M | $10.5M | $8.3M |
| Property, plant & equipment (net) | $1.2M | $1.6M | $2.2M | $1.5M | $2.6M | $3.7M | $4.4M | $2.6M | $2.3M | $798,000 |
| 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 | $1.8M | $2.9M | $2.0M | $2.0M | $9.5M | $2.0M | $1.2M | $1.1M | $2.5M | $1.9M |
| Total assets | $29.9M | $35.8M | $45.3M | $46.6M | $69.2M | $59.2M | $61.3M | $69.7M | $15.3M | $11.0M |
| Liabilities | ||||||||||
| Accounts payable | $735,000 | $1.3M | $154,000 | $251,000 | $766,000 | $1.2M | $1.7M | $2.9M | $534,000 | $667,000 |
| Short-term debt | $495,000 | $430,000 | $447,000 | $718,000 | $781,000 | $673,000 | $672,000 | — | $65.3M | $37.3M |
| Total current liabilities | $6.2M | $5.3M | $4.5M | $3.3M | $11.7M | $6.0M | $6.5M | $4.9M | $67.2M | $41.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $991,000 | $1.3M | $1.7M | $772,000 | $1.6M | $2.0M | $2.0M | — | — | — |
| Other long-term liabilities | $934,999 | $1.7M | $2.1M | $1.1M | $1.9M | $2.3M | $2.3M | $878,000 | $810,000 | $694,000 |
| Total liabilities | $7.1M | $7.0M | $6.6M | $4.4M | $13.6M | $8.3M | $8.8M | $5.8M | $68.0M | $42.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $774,000 | $774,000 | $774,000 | $638,000 | $638,000 | $635,000 | $561,000 | $520,000 | $82,000 | $82,000 |
| Retained earnings (deficit) | −$237.0M | −$230.9M | −$220.3M | −$193.1M | −$178.1M | −$181.4M | −$152.1M | −$127.5M | −$95.3M | −$63.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$3.6M | −$2.7M | −$2.0M | −$1.5M |
| Total shareholders' equity | $22.8M | $28.9M | $38.6M | $42.2M | $55.6M | $50.8M | $52.5M | $63.9M | −$52.7M | −$31.3M |
| Key figures | ||||||||||
| Total debt | $991,000 | $1.3M | $1.7M | $772,000 | $1.6M | $2.0M | $2.0M | — | $65.3M | $37.3M |
| Net cash (debt) | $23.0M | $22.6M | $36.3M | $32.9M | $41.7M | $48.2M | $48.3M | — | −$56.3M | −$30.3M |
| Working capital | $20.8M | $26.0M | $36.6M | $39.7M | $45.4M | $47.4M | $49.3M | $61.1M | −$56.7M | −$33.3M |
| Tangible book value | $22.8M | $28.9M | $38.6M | $42.2M | $55.6M | $50.8M | $52.5M | $63.9M | −$52.7M | −$31.3M |
| Book value per share | $8.19 | $10.36 | $14.27 | — | — | — | — | — | — | −$2.67 |
| Shares outstanding | 2.8M | 2.8M | 2.7M | — | — | — | — | — | — | 11.7M |
| Current ratio | 4.37 | 5.92 | 9.10 | 12.93 | 4.88 | 8.95 | 8.58 | 13.48 | 0.16 | 0.20 |
| Quick ratio | 4.21 | 5.21 | 8.49 | 12.48 | 4.82 | 8.77 | 8.38 | 12.87 | 0.13 | 0.17 |
| Debt / equity | 0.04 | 0.05 | 0.04 | 0.02 | 0.03 | 0.04 | 0.04 | — | — | — |
| Equity / assets | 76.2% | 80.5% | 85.3% | 90.5% | 80.4% | 86.0% | 85.6% | 91.7% | −344.1% | −285.3% |
| 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 | $47.9M | $52.8M | $24.0M | $20.8M | $24.3M | $16.9M | $23.9M | $28.1M | $30.5M | $33.0M | $38.0M | $43.3M |
| Cash & equivalents | $16.7M | $10.1M | $11.0M | $6.7M | $10.2M | $16.9M | $19.5M | $13.4M | $11.5M | $11.2M | $7.5M | $14.1M |
| Short-term investments | $31.3M | $42.7M | $13.0M | $14.1M | $14.1M | $12,000 | $4.4M | $14.6M | $18.9M | $21.8M | $30.5M | $29.2M |
| Receivables | $713,000 | $1.1M | $2.0M | $9.8M | $10.0M | $3.9M | $3.6M | $7.0M | $6.1M | $869,000 | $377,000 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 |
| Other current assets | $2.4M | $1.9M | $1.0M | $962,000 | $1.9M | $2.6M | $3.8M | $2.9M | $1.8M | $2.1M | $2.8M | $2.2M |
| Total current assets | $51.1M | $55.8M | $27.0M | $31.7M | $36.3M | $23.4M | $31.3M | $38.0M | $38.3M | $36.0M | $41.2M | $45.5M |
| Property, plant & equipment (net) | $915,000 | $1.0M | $1.2M | $1.3M | $1.4M | $1.5M | $1.6M | $1.6M | $1.8M | $2.0M | $2.2M | $2.4M |
| 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 | $1.8M | $1.7M | $1.8M | $1.7M | $1.7M | $2.1M | $2.9M | $3.4M | $1.9M | $1.9M | $2.0M | $2.0M |
| Total assets | $53.8M | $58.5M | $29.9M | $34.6M | $39.3M | $27.1M | $35.8M | $43.0M | $42.0M | $39.9M | $45.3M | $49.9M |
| Liabilities | ||||||||||||
| Accounts payable | $4.4M | $782,000 | $735,000 | $828,000 | $1.2M | $438,000 | $1.3M | $1.5M | $679,000 | $582,000 | $154,000 | $234,000 |
| Short-term debt | $519,000 | $485,000 | $495,000 | $491,000 | $482,000 | $433,000 | — | $384,000 | $376,000 | $386,000 | $447,000 | $467,000 |
| Total current liabilities | $4.9M | $6.3M | $6.2M | $6.1M | $5.0M | $4.6M | $5.3M | $6.5M | $5.2M | $5.2M | $4.5M | $4.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $770,000 | $862,000 | $991,000 | $1.1M | $1.2M | $1.2M | $1.3M | $1.3M | $1.4M | $1.5M | $1.7M | $1.7M |
| Other long-term liabilities | $733,000 | $831,000 | $934,999 | $2.4M | $2.5M | $2.3M | $1.7M | $1.7M | $1.9M | $2.0M | $2.1M | $2.2M |
| Total liabilities | $5.7M | $7.1M | $7.1M | $8.6M | $7.4M | $6.9M | $7.0M | $8.3M | $7.1M | $7.3M | $6.6M | $6.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.4M | $1.3M | $774,000 | $774,000 | $774,000 | $774,000 | — | $774,000 | $774,000 | $774,000 | $774,000 | $774,000 |
| Retained earnings (deficit) | −$244.4M | −$240.7M | −$237.0M | −$234.0M | −$228.1M | −$239.7M | −$230.9M | −$225.0M | −$224.7M | −$226.6M | −$220.3M | −$215.5M |
| Total shareholders' equity | $48.1M | $51.4M | $22.8M | $26.0M | $31.9M | $20.2M | $28.9M | $34.7M | $34.9M | $32.7M | $38.6M | $43.1M |
| Key figures | ||||||||||||
| Total debt | $770,000 | $862,000 | $991,000 | $1.1M | $1.2M | $1.2M | — | $1.3M | $1.4M | $1.5M | $1.7M | $1.7M |
| Net cash (debt) | $47.2M | $52.0M | $23.0M | $19.8M | $23.1M | $15.7M | — | $26.7M | $29.1M | $31.5M | $36.3M | $41.6M |
| Working capital | $46.2M | $49.5M | $20.8M | $25.5M | $31.3M | $18.9M | $26.0M | $31.4M | $33.1M | $30.8M | $36.6M | $41.0M |
| Tangible book value | $48.1M | $51.4M | $22.8M | $26.0M | $31.9M | $20.2M | $28.9M | $34.7M | $34.9M | $32.7M | $38.6M | $43.1M |
| Book value per share | $14.71 | $18.12 | $8.19 | $9.34 | $11.44 | — | $10.36 | — | $12.53 | $11.72 | — | — |
| Shares outstanding | 3.3M | 2.8M | 2.8M | 2.8M | 2.8M | — | 2.8M | — | 2.8M | 2.8M | — | — |
| Current ratio | 10.37 | 8.84 | 4.37 | 5.15 | 7.32 | 5.12 | 5.92 | 5.81 | 7.36 | 6.89 | 9.10 | 10.09 |
| Quick ratio | 9.87 | 8.54 | 4.21 | 4.99 | 6.93 | 4.55 | 5.21 | 5.37 | 7.02 | 6.49 | 8.49 | 9.61 |
| Debt / equity | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.06 | — | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 |
| Equity / assets | 89.5% | 87.8% | 76.2% | 75.2% | 81.1% | 74.5% | 80.5% | 80.7% | 83.1% | 81.8% | 85.3% | 86.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 19, 2026); data from EODHD.
SLGL financial position
At the end of fiscal 2025 (December 31, 2025), Sol-Gel Technologies had total assets of $29.9 million (down 16.5% from a year earlier), total liabilities of $7.1 million and shareholders' equity of $22.8 million. It held $24.0 million in cash and short-term investments against $1.0 million of debt, a net cash position of $23.0 million. Its current ratio was 4.37. In the latest quarter (ended June 30, 2026) total assets were $53.8 million and equity $48.1 million.
Related: SLGL income statement, SLGL cash flow statement, SLGL key metrics. See the SLGL stock overview for the latest quote and news.
SLGL balance sheet FAQ
What are Sol-Gel Technologies's total assets?
Sol-Gel Technologies reported total assets of $29.9 million at the end of fiscal 2025 (December 31, 2025), compared with $35.8 million a year earlier.
How much debt does Sol-Gel Technologies have?
Sol-Gel Technologies had $1.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.
How much cash does Sol-Gel Technologies have?
Sol-Gel Technologies held $24.0 million in cash and short-term investments at the end of fiscal 2025; with $1.0 million of debt that is net cash of $23.0 million.
What is Sol-Gel Technologies's book value?
Sol-Gel Technologies's shareholders' equity (book value) was $22.8 million at the end of fiscal 2025, or $8.19 per share.
What is Sol-Gel Technologies's current ratio?
Sol-Gel Technologies had current assets of $27.0 million and current liabilities of $6.2 million, a current ratio of 4.37 (it can cover its short-term obligations).