Stagwell Inc (STGW) Balance Sheet
STGW balance sheet, 2025
December 31, 2025 · U.S. dollars$4.21B assets = $3.41B liabilities + $801.3M equity
Both columns are drawn to the same scale: what STGW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
STGW financial health
Descriptive bands, not a rating. Fiscal 2025.
STGW balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.58B2016 | $4.21B2025 | +11.5%/yr | |
| Total liabilities | $2.03B2016 | $3.41B2025 | +6.0%/yr | |
| Shareholders’ equity | −$575.1M2016 | $758.4M2025 | — | |
| Cash & short-term investments | $33.3M2016 | $104.5M2025 | +13.6%/yr | |
| Total debt | $936.4M2016 | $1.61B2025 | +6.2%/yr | |
| Net cash (debt) | −$903.2M2016 | −$1.50B2025 | −$598.1M | |
| Working capital | −$313.2M2016 | −$317.7M2025 | −$4.5M | |
| Book value per share | −$11.202016 | $2.872025 | — | |
| Current ratio | 0.612016 | 0.792025 | +0.18 | |
| Debt / equity | 2.602019 | 2.122025 | −0.48 | |
| Shares outstanding | 51.3M2016 | 264.5M2025 | +20.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
STGW assets
STGW liabilities and equity
STGW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
STGW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $104.5M | $131.3M | $119.7M | $220.6M | $184.0M | $92.5M | $63.9M | $30.9M | $50.8M | $33.3M |
| Cash & equivalents | $104.5M | $131.3M | $119.7M | $220.6M | $184.0M | $92.5M | $63.9M | $30.9M | $50.8M | $33.3M |
| Receivables | $900.4M | $889.6M | $811.3M | $738.9M | $760.0M | $236.8M | $217.6M | $442.0M | $469.8M | $423.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $500,000 | $1 | $42.4M | $0 | $0 |
| Other current assets | $157.3M | $114.2M | $94.1M | $74.0M | $61.8M | $35.9M | $23.2M | $74.7M | $22.2M | $33.4M |
| Total current assets | $1.16B | $1.14B | $1.03B | $1.03B | $1.01B | $365.7M | $304.8M | $589.9M | $542.8M | $489.6M |
| Property, plant & equipment (net) | $286.7M | $292.1M | $332.1M | $372.4M | $409.2M | $93.4M | $104.3M | $88.2M | $90.3M | $78.4M |
| Goodwill & intangible assets | $2.43B | $2.39B | $2.32B | $2.47B | $2.61B | $537.8M | $521.8M | $915.5M | $906.5M | $929.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $13.9M | $6.2M | $6.6M | $0 | $0 |
| Other non-current assets | $336.1M | $90.0M | $92.8M | $116.1M | $29.1M | $3.1M | $13.8M | $11.4M | $159.3M | $79.6M |
| Total assets | $4.21B | $3.91B | $3.77B | $4.00B | $4.06B | $1.01B | $950.8M | $1.61B | $1.70B | $1.58B |
| Liabilities | ||||||||||
| Accounts payable | $548.3M | $449.3M | $415.0M | $357.3M | $271.8M | $147.8M | $139.5M | $222.0M | $244.5M | $251.5M |
| Short-term debt | $55.4M | $60.2M | $65.9M | $76.3M | $72.3M | $20.6M | $18.5M | $356,000 | $313,000 | $228,000 |
| Deferred revenue | $329.8M | $294.6M | $301.7M | $337.0M | $361.9M | $66.4M | $57.9M | $138.5M | $148.1M | $133.9M |
| Total current liabilities | $1.48B | $1.37B | $1.37B | $1.37B | $1.29B | $337.0M | $349.2M | $742.5M | $775.6M | $802.8M |
| Long-term debt | $1.33B | $1.35B | $1.15B | $1.18B | $1.19B | $198.0M | $887.6M | $954.2M | $0 | $0 |
| Lease obligations | $279.8M | $305.6M | $347.2M | $370.4M | $401.2M | $72.2M | $85.0M | — | — | — |
| Other long-term liabilities | $607.2M | $402.0M | $410.8M | $473.8M | $647.4M | $79.7M | $0 | $110.2M | $1.02B | $1.22B |
| Total liabilities | $3.41B | $3.12B | $2.93B | $3.03B | $3.13B | $614.7M | $602.3M | $1.81B | $1.79B | $2.03B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $252,000 | $117,000 | $120,000 | $134,000 | $120,000 | $358.8M | $101.5M | $58.6M | $38.2M | $320.1M |
| Retained earnings (deficit) | $32.9M | $11.7M | $21.1M | $22.1M | −$7.0M | −$709.8M | −$469.6M | −$464.9M | −$340.0M | −$581.8M |
| Accumulated other comprehensive income | −$19.3M | −$23.8M | −$13.1M | −$15.5M | −$5.3M | $1.1M | −$4.3M | $4.7M | −$2.0M | −$1.8M |
| Minority interest | $42.9M | $453.6M | $479.4M | $462.1M | $508.3M | — | $40.3M | $64.5M | — | — |
| Total shareholders' equity | $758.4M | $331.7M | $356.7M | $498.6M | $370.8M | $358.8M | $348.5M | −$311.5M | −$213.5M | −$575.1M |
| Key figures | ||||||||||
| Total debt | $1.61B | $1.66B | $1.49B | $1.56B | $1.61B | $271.2M | $906.1M | $954.6M | $883.1M | $936.4M |
| Net cash (debt) | −$1.50B | −$1.53B | −$1.37B | −$1.33B | −$1.42B | −$178.7M | −$842.3M | −$923.7M | −$832.3M | −$903.2M |
| Working capital | −$317.7M | −$232.1M | −$349.3M | −$336.7M | −$288.3M | $28.7M | −$44.5M | −$152.7M | −$232.9M | −$313.2M |
| Tangible book value | −$1.67B | −$2.06B | −$1.96B | −$1.98B | −$2.24B | −$179.0M | −$173.2M | −$1.23B | −$1.12B | −$1.50B |
| Book value per share | $2.87 | $2.87 | $2.92 | $4.02 | $4.10 | $4.63 | $5.04 | −$5.44 | −$3.85 | −$11.20 |
| Shares outstanding | 264.5M | 115.8M | 122.2M | 124.1M | 90.4M | 77.6M | 69.1M | 57.2M | 55.5M | 51.3M |
| Current ratio | 0.79 | 0.83 | 0.75 | 0.75 | 0.78 | 1.09 | 0.87 | 0.79 | 0.70 | 0.61 |
| Quick ratio | 0.68 | 0.75 | 0.68 | 0.70 | 0.73 | 0.98 | 0.81 | 0.64 | 0.67 | 0.57 |
| Debt / equity | 2.12 | 5.00 | 4.19 | 3.12 | 4.33 | 0.76 | 2.60 | — | — | — |
| Equity / assets | 18.0% | 8.5% | 9.5% | 12.5% | 9.1% | 35.4% | 36.7% | −19.3% | −12.6% | −36.5% |
| 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 | $109.5M | $114.9M | $104.5M | $132.2M | $181.3M | $137.7M | $131.3M | $145.8M | $136.1M | $129.8M | $119.7M | $98.7M |
| Cash & equivalents | $109.5M | $114.9M | $104.5M | $132.2M | $181.3M | $137.7M | $131.3M | $145.8M | $136.1M | $129.8M | $119.7M | $98.7M |
| Receivables | $872.4M | $897.9M | $900.4M | $928.2M | $919.5M | $936.7M | $889.6M | $853.8M | $858.4M | $856.0M | $811.3M | $799.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $1 |
| Other current assets | $211.3M | $202.2M | $157.3M | $170.0M | $162.2M | $147.2M | $114.2M | $108.2M | $106.0M | $119.2M | $94.1M | $104.1M |
| Total current assets | $1.19B | $1.22B | $1.16B | $1.23B | $1.26B | $1.22B | $1.14B | $1.11B | $1.10B | $1.11B | $1.03B | $1.00B |
| Property, plant & equipment (net) | $264.4M | $273.9M | $286.7M | $282.3M | $285.0M | $278.7M | $292.1M | $301.0M | $313.2M | $318.9M | $332.1M | $326.6M |
| Goodwill & intangible assets | $2.41B | $2.42B | $2.43B | $2.45B | $2.47B | $2.39B | $2.39B | $2.29B | $2.28B | $2.30B | $2.32B | $2.42B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $331.8M | $335.1M | $336.1M | $300.4M | $301.6M | $96.7M | $90.0M | $97.4M | $96.3M | $95.1M | $92.8M | $125.4M |
| Total assets | $4.20B | $4.24B | $4.21B | $4.26B | $4.32B | $3.98B | $3.91B | $3.80B | $3.79B | $3.82B | $3.77B | $3.87B |
| Liabilities | ||||||||||||
| Accounts payable | $515.0M | $526.1M | $548.3M | $408.1M | $484.1M | $420.8M | $449.3M | $338.6M | $388.8M | $437.0M | $415.0M | $307.0M |
| Short-term debt | $53.9M | $54.3M | $55.4M | $56.8M | $57.2M | $56.4M | $60.2M | $61.9M | $63.9M | $64.0M | $65.9M | $68.0M |
| Deferred revenue | $369.5M | $393.0M | $329.8M | $375.8M | $339.6M | $311.3M | $294.6M | $338.8M | $320.5M | $302.5M | $301.7M | $335.6M |
| Total current liabilities | $1.48B | $1.47B | $1.48B | $1.38B | $1.46B | $1.34B | $1.37B | $1.16B | $1.22B | $1.33B | $1.37B | $1.20B |
| Long-term debt | $1.45B | $1.44B | $1.33B | $1.53B | $1.46B | $1.47B | $1.35B | $1.46B | $1.42B | $1.27B | $1.15B | $1.50B |
| Lease obligations | $255.5M | $268.1M | $279.8M | $284.3M | $288.3M | $280.7M | $305.6M | $312.3M | $326.7M | $335.4M | $347.2M | $339.3M |
| Other long-term liabilities | $543.5M | $587.6M | $607.2M | $580.3M | $607.3M | $385.4M | $402.0M | $405.4M | $407.8M | $402.8M | $410.8M | $403.5M |
| Total liabilities | $3.49B | $3.50B | $3.41B | $3.48B | $3.54B | $3.19B | $3.12B | $3.03B | $3.05B | $3.01B | $2.93B | $3.11B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $244,000 | $246,000 | $252,000 | $254,000 | $261,000 | $116,000 | $117,000 | $112,000 | $114,000 | $117,000 | $120,000 | $118,000 |
| Retained earnings (deficit) | $13.3M | $20.1M | $32.9M | $29.5M | $4.9M | $10.5M | $11.7M | $11.4M | $16.8M | $19.6M | $21.1M | $24.6M |
| Accumulated other comprehensive income | −$29.3M | −$26.9M | −$19.3M | −$22.5M | −$20.9M | −$19.3M | −$23.8M | −$13.1M | −$17.9M | −$15.9M | −$13.1M | −$18.8M |
| Minority interest | $37.4M | $41.9M | $42.9M | $30.0M | $31.1M | — | — | — | — | — | — | — |
| Total shareholders' equity | $669.4M | $704.9M | $758.4M | $749.0M | $750.1M | $334.4M | $331.7M | $286.4M | $291.6M | $337.7M | $356.7M | $330.8M |
| Key figures | ||||||||||||
| Total debt | $1.71B | $1.71B | $1.61B | $1.81B | $1.75B | $1.75B | $1.66B | $1.78B | $1.75B | $1.60B | $1.49B | $1.84B |
| Net cash (debt) | −$1.60B | −$1.59B | −$1.50B | −$1.68B | −$1.57B | −$1.61B | −$1.53B | −$1.63B | −$1.61B | −$1.48B | −$1.37B | −$1.74B |
| Working capital | −$285.4M | −$253.8M | −$317.7M | −$145.8M | −$201.4M | −$119.4M | −$232.1M | −$56.8M | −$121.2M | −$228.9M | −$349.3M | −$202.4M |
| Tangible book value | −$1.74B | −$1.71B | −$1.67B | −$1.70B | −$1.72B | −$2.05B | −$2.06B | −$2.00B | −$1.99B | −$1.96B | −$1.96B | −$2.09B |
| Book value per share | $2.70 | $2.81 | $2.93 | $2.89 | $2.88 | $1.27 | $2.88 | $2.55 | $2.57 | $2.90 | $3.04 | $1.25 |
| Shares outstanding | 248.3M | 250.8M | 259.0M | 259.6M | 260.8M | 263.7M | 115.1M | 112.2M | 113.5M | 116.4M | 117.2M | 265.0M |
| Current ratio | 0.81 | 0.83 | 0.79 | 0.89 | 0.86 | 0.91 | 0.83 | 0.95 | 0.90 | 0.83 | 0.75 | 0.83 |
| Quick ratio | 0.66 | 0.69 | 0.68 | 0.77 | 0.75 | 0.80 | 0.75 | 0.86 | 0.81 | 0.74 | 0.68 | 0.75 |
| Debt / equity | 2.55 | 2.42 | 2.12 | 2.42 | 2.34 | 5.22 | 5.00 | 6.20 | 6.00 | 4.75 | 4.19 | 5.55 |
| Equity / assets | 15.9% | 16.6% | 18.0% | 17.6% | 17.4% | 8.4% | 8.5% | 7.5% | 7.7% | 8.9% | 9.5% | 8.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
STGW financial position
At the end of fiscal 2025 (December 31, 2025), Stagwell had total assets of $4.2 billion (up 7.8% from a year earlier), total liabilities of $3.4 billion and shareholders' equity of $758.4 million. It held $104.5 million in cash and short-term investments against $1.6 billion of debt, net debt of $1.5 billion. Its current ratio was 0.79. In the latest quarter (ended June 30, 2026) total assets were $4.2 billion and equity $669.4 million.
Related: STGW income statement, STGW cash flow statement, STGW key metrics. See the STGW stock overview for the latest quote and news.
STGW balance sheet FAQ
What are Stagwell's total assets?
Stagwell reported total assets of $4.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.9 billion a year earlier.
How much debt does Stagwell have?
Stagwell had $1.6 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.12.
How much cash does Stagwell have?
Stagwell held $104.5 million in cash and short-term investments at the end of fiscal 2025; with $1.6 billion of debt that is net debt of $1.5 billion.
What is Stagwell's book value?
Stagwell's shareholders' equity (book value) was $758.4 million at the end of fiscal 2025, or $2.87 per share.
What is Stagwell's current ratio?
Stagwell had current assets of $1.2 billion and current liabilities of $1.5 billion, a current ratio of 0.79 (current liabilities exceed current assets).
How much goodwill does Stagwell have?
Stagwell carried $2.4 billion of goodwill and intangible assets, 57.6% of total assets, at the end of fiscal 2025.