Sound Point Meridian Capital, Inc. (SPMA) Balance Sheet
SPMA balance sheet, 2025
December 31, 2025 · U.S. dollars$374.5M assets = $175.8M liabilities + $198.7M equity
Both columns are drawn to the same scale: what SPMA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SPMA financial health
Descriptive bands, not a rating. Fiscal 2025.
SPMA balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $303.2M2023 | $374.5M2025 | +23.5%/yr | |
| Total liabilities | $9.0M2023 | $175.8M2025 | +1,843.6%/yr | |
| Shareholders’ equity | $294.2M2023 | $198.7M2025 | −32.5%/yr | |
| Cash & short-term investments | $5.0M2023 | $5.8M2025 | +16.3%/yr | |
| Book value per share | $14.692023 | $9.632025 | −34.4%/yr | |
| Shares outstanding | 20.0M2023 | 20.6M2025 | +3.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPMA assets
SPMA liabilities and equity
SPMA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SPMA balance sheet
| 2025 | 2023 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $5.8M | $5.0M |
| Cash & equivalents | $5.8M | $5.0M |
| Receivables | $0 | $0 |
| Inventory | $0 | $0 |
| Property, plant & equipment (net) | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $368.2M | $298.1M |
| Other non-current assets | $6.4M | $5.1M |
| Total assets | $374.5M | $303.2M |
| Liabilities | ||
| Long-term debt | $0 | $0 |
| Total liabilities | $175.8M | $9.0M |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$168.4M | — |
| Total shareholders' equity | $198.7M | $294.2M |
| Key figures | ||
| Tangible book value | $198.7M | $294.2M |
| Book value per share | $9.63 | $14.69 |
| Shares outstanding | 20.6M | 20.0M |
| Equity / assets | 53.1% | 97.0% |
| Mar '26 | Sep '25 | Sep '24 | Mar '24 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $5.8M | $3.7M | $2.6M | $17.3M |
| Cash & equivalents | $5.8M | $3.7M | $2.6M | $17.3M |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $368.2M | $535.2M | $444.0M | $294.7M |
| Other non-current assets | $6.4M | $6.1M | $3.9M | $26.7M |
| Total assets | $374.5M | $541.3M | $447.9M | $321.4M |
| Liabilities | ||||
| Accounts payable | — | $13,426 | $24,672 | $13.6M |
| Long-term debt | $0 | $0 | $0 | $0 |
| Total liabilities | $175.8M | $195.1M | $51.5M | $14.2M |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −$168.4M | −$48.7M | $5.9M | — |
| Total shareholders' equity | $198.7M | $346.2M | $396.4M | $307.2M |
| Key figures | ||||
| Tangible book value | $198.7M | $346.2M | $396.4M | $307.2M |
| Book value per share | $9.63 | $16.89 | $19.80 | $15.34 |
| Shares outstanding | 20.6M | 20.5M | 20.0M | 20.0M |
| Equity / assets | 53.1% | 64.0% | 88.5% | 95.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
SPMA financial position
At the end of fiscal 2025 (December 31, 2025), Sound Point Meridian Capital had total assets of $374.5 million (up 23.5% from a year earlier), total liabilities of $175.8 million and shareholders' equity of $198.7 million. In the latest quarter (ended March 31, 2026) total assets were $374.5 million and equity $198.7 million.
Related: SPMA income statement, SPMA cash flow statement, SPMA key metrics. See the SPMA stock overview for the latest quote and news.
SPMA balance sheet FAQ
What are Sound Point Meridian Capital's total assets?
Sound Point Meridian Capital reported total assets of $374.5 million at the end of fiscal 2025 (December 31, 2025), compared with $303.2 million a year earlier.
How much cash does Sound Point Meridian Capital have?
Sound Point Meridian Capital held $5.8 million in cash and short-term investments at the end of fiscal 2025.
What is Sound Point Meridian Capital's book value?
Sound Point Meridian Capital's shareholders' equity (book value) was $198.7 million at the end of fiscal 2025, or $9.63 per share.