Twist Bioscience Corporation (TWST) Balance Sheet
TWST balance sheet, FY2025
September 30, 2025 · U.S. dollars$641.9M assets = $168.9M liabilities + $473.0M equity
Both columns are drawn to the same scale: what TWST owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TWST financial health
Descriptive bands, not a rating. Fiscal FY2025.
TWST balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $76.5MFY2016 | $641.9MFY2025 | +26.7%/yr | |
| Total liabilities | $153.1MFY2016 | $168.9MFY2025 | +1.1%/yr | |
| Shareholders’ equity | −$76.6MFY2016 | $473.0MFY2025 | — | |
| Cash & short-term investments | $55.9MFY2016 | $232.4MFY2025 | +17.2%/yr | |
| Total debt | $145.6MFY2016 | $137.3MFY2025 | −0.6%/yr | |
| Net cash (debt) | −$89.7MFY2016 | $95.1MFY2025 | +$184.8M | |
| Working capital | $50.4MFY2016 | $241.6MFY2025 | +$191.2M | |
| Book value per share | −$4.08FY2016 | $7.91FY2025 | — | |
| Current ratio | 6.80FY2016 | 3.64FY2025 | −3.16 | |
| Debt / equity | 0.05FY2019 | 0.29FY2025 | +0.24 | |
| Shares outstanding | 18.8MFY2016 | 59.8MFY2025 | +13.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TWST assets
TWST liabilities and equity
TWST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TWST balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $232.4M | $276.4M | $336.4M | $505.0M | $477.9M | $290.0M | $138.1M | $80.8M | $62.2M | $55.9M |
| Cash & equivalents | $183.0M | $226.3M | $286.5M | $378.7M | $465.8M | $93.7M | $46.7M | $80.8M | $31.2M | $28.6M |
| Short-term investments | $49.4M | $50.1M | $49.9M | $126.3M | $12.0M | $196.3M | $91.4M | $0 | $31.0M | $27.3M |
| Receivables | $57.3M | $34.9M | $44.1M | $40.3M | $28.5M | $25.4M | $12.1M | $5.4M | $2.3M | $723,000 |
| Inventory | $28.3M | $24.1M | $32.1M | $39.3M | $31.8M | $12.3M | $7.3M | $6.0M | $1.8M | $1.2M |
| Other current assets | $14.9M | $11.4M | $11.7M | $11.9M | $8.3M | $7.2M | $2.6M | $3.5M | $1.5M | $1.2M |
| Total current assets | $333.0M | $346.8M | $424.3M | $596.5M | $546.5M | $334.9M | $160.1M | $95.7M | $67.9M | $59.0M |
| Property, plant & equipment (net) | $151.7M | $161.3M | $203.4M | $214.4M | $105.7M | $59.2M | $20.8M | $12.3M | $14.8M | $14.6M |
| Goodwill & intangible assets | $95.6M | $100.3M | $140.3M | $145.5M | $40.7M | $1.4M | $1.6M | $1.9M | $2.1M | $2.3M |
| Long-term investments | $54.3M | $1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.3M | $4.4M | $8.5M | $5.0M | $9.2M | $3.4M | $4.4M | $5.9M | $896,000 | $536,000 |
| Total assets | $641.9M | $614.3M | $776.4M | $961.4M | $702.1M | $398.9M | $187.0M | $115.8M | $85.7M | $76.5M |
| Liabilities | ||||||||||
| Accounts payable | $11.1M | $1.6M | $14.1M | $20.1M | $14.9M | $4.8M | $9.8M | $7.5M | $2.8M | $2.3M |
| Short-term debt | $13.8M | $14.8M | $14.9M | $13.6M | $9.8M | $9.7M | $3.3M | $2.5M | $9.2M | $1.4M |
| Deferred revenue | $6.9M | $2.1M | $3.0M | $3.5M | $1.1M | $18.8M | $16.4M | $7.6M | — | $4.6M |
| Total current liabilities | $91.4M | $71.0M | $73.3M | $90.7M | $63.1M | $36.0M | $30.4M | $18.5M | $9.5M | $8.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $1.4M | $4.4M | $298.3M | $209.4M | $144.2M |
| Lease obligations | $75.6M | $85.0M | $94.1M | $94.9M | $61.4M | $31.2M | — | — | — | — |
| Other long-term liabilities | $77.5M | $70.6M | $79.6M | $81.3M | $58.2M | $25.2M | $158,000 | $344,000 | $107,000 | $162,000 |
| Total liabilities | $168.9M | $141.6M | $153.0M | $172.0M | $121.3M | $62.6M | $34.9M | $317.2M | $219.0M | $153.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | $789.4M | $580.8M | $336.3M | −$187.0M | −$631,000 | — | — |
| Retained earnings (deficit) | −$1.32B | −$1.24B | −$1.03B | −$828.4M | −$610.6M | −$458.5M | −$318.5M | −$210.9M | −$139.6M | −$80.3M |
| Accumulated other comprehensive income | −$627,000 | −$522,000 | −$756,000 | −$1.8M | $546,000 | $86,999 | $181,000 | $87,000 | $33,000 | $9,000 |
| Total shareholders' equity | $473.0M | $472.7M | $623.4M | $789.4M | $580.8M | $336.3M | $152.1M | −$201.4M | −$133.4M | −$76.6M |
| Key figures | ||||||||||
| Total debt | $137.3M | $85.0M | $94.1M | $94.9M | $62.9M | $36.0M | $7.7M | $300.8M | $218.6M | $145.6M |
| Net cash (debt) | $95.1M | $191.4M | $242.3M | $410.1M | $414.9M | $254.0M | $130.4M | −$220.1M | −$156.4M | −$89.7M |
| Working capital | $241.6M | $275.8M | $350.9M | $505.8M | $483.4M | $298.8M | $129.8M | $77.1M | $58.4M | $50.4M |
| Tangible book value | $377.3M | $372.4M | $483.1M | $643.8M | $540.1M | $334.8M | $150.4M | −$203.3M | −$135.4M | −$78.9M |
| Book value per share | $7.91 | $8.15 | $10.96 | $14.65 | $12.04 | $8.58 | $5.54 | −$7.57 | −$7.10 | −$4.08 |
| Shares outstanding | 59.8M | 58.0M | 56.9M | 53.9M | 48.3M | 39.2M | 27.5M | 26.6M | 18.8M | 18.8M |
| Current ratio | 3.64 | 4.88 | 5.79 | 6.58 | 8.67 | 9.29 | 5.28 | 5.16 | 7.16 | 6.80 |
| Quick ratio | 3.17 | 4.38 | 5.19 | 6.01 | 8.03 | 8.75 | 4.95 | 4.65 | 6.81 | 6.53 |
| Debt / equity | 0.29 | 0.18 | 0.15 | 0.12 | 0.11 | 0.11 | 0.05 | — | — | — |
| Equity / assets | 73.7% | 76.9% | 80.3% | 82.1% | 82.7% | 84.3% | 81.3% | −174.0% | −155.7% | −100.2% |
| 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 | $166.8M | $171.7M | $197.9M | $232.4M | $250.8M | $257.1M | $270.8M | $276.4M | $289.4M | $293.3M | $311.1M | $336.4M |
| Cash & equivalents | $117.4M | $122.7M | $148.6M | $183.0M | $201.4M | $210.4M | $221.4M | $226.3M | $239.1M | $243.3M | $266.3M | $286.5M |
| Short-term investments | $49.4M | $49.0M | $49.4M | $49.4M | $49.4M | $46.7M | $49.4M | $50.1M | $50.3M | $50.0M | $44.9M | $49.9M |
| Receivables | $65.8M | $64.2M | $50.1M | $57.3M | $49.9M | $49.9M | $39.3M | $34.9M | $32.0M | $37.1M | $36.6M | $44.1M |
| Inventory | $35.2M | $33.5M | $32.9M | $28.3M | $25.9M | $20.9M | $23.5M | $24.1M | $28.5M | $30.4M | $30.9M | $32.1M |
| Other current assets | $53.5M | $54.1M | $22.9M | $14.9M | $13.2M | $10.5M | $11.6M | $11.4M | $11.9M | $11.1M | $11.7M | $11.7M |
| Total current assets | $321.3M | $323.4M | $303.9M | $333.0M | $339.8M | $338.4M | $345.3M | $346.8M | $361.8M | $371.9M | $390.2M | $424.3M |
| Property, plant & equipment (net) | $180.6M | $181.9M | $177.4M | $151.7M | $147.2M | $151.2M | $157.1M | $161.3M | $167.6M | $185.0M | $195.3M | $203.4M |
| Goodwill & intangible assets | $94.9M | $95.2M | $95.4M | $95.6M | $95.9M | $99.8M | $100.0M | $100.3M | $100.6M | $137.7M | $139.0M | $140.3M |
| Long-term investments | $68.1M | $68.1M | $54.3M | $54.3M | $54.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.5M | $7.6M | $7.1M | $7.3M | $6.4M | $6.2M | $6.1M | $5.9M | $8.1M | $8.3M | $8.3M | $8.5M |
| Total assets | $672.4M | $676.2M | $638.1M | $641.9M | $643.6M | $595.6M | $608.6M | $614.3M | $638.1M | $702.8M | $732.8M | $776.4M |
| Liabilities | ||||||||||||
| Accounts payable | $17.0M | $14.7M | $12.5M | $11.1M | $12.0M | $8.1M | $7.5M | $1.6M | $6.6M | $7.7M | $9.3M | $14.1M |
| Short-term debt | $8.6M | $10.4M | $12.2M | $13.8M | $15.5M | $15.2M | $15.0M | $14.8M | $14.6M | $14.6M | $14.8M | $14.9M |
| Deferred revenue | $6.5M | $7.1M | $9.0M | $6.9M | $6.3M | — | — | $2.1M | $2.9M | $2.5M | $2.6M | $3.0M |
| Total current liabilities | $120.3M | $120.0M | $80.4M | $91.4M | $87.1M | $75.0M | $69.6M | $71.0M | $73.8M | $67.5M | $65.2M | $73.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $65.1M | $67.6M | $70.2M | $72.6M | $74.8M | $0 | $0 |
| Lease obligations | $93.6M | $95.8M | $98.0M | $75.6M | $78.2M | $65.1M | $67.6M | $70.2M | $72.6M | $74.8M | $91.9M | $94.1M |
| Other long-term liabilities | $106.4M | $101.1M | $101.5M | $77.5M | $78.3M | $15.5M | $15.4M | $407,000 | $597,000 | $421,000 | $77.5M | $79.6M |
| Total liabilities | $226.7M | $221.1M | $182.0M | $168.9M | $165.4M | $155.5M | $152.6M | $141.6M | $147.0M | $142.7M | $142.8M | $153.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | — | — | — | — | — | — | — | $560.1M | — | — |
| Retained earnings (deficit) | −$1.43B | −$1.39B | −$1.35B | −$1.32B | −$1.29B | −$1.31B | −$1.27B | −$1.24B | −$1.21B | −$1.12B | −$1.08B | −$1.03B |
| Accumulated other comprehensive income | −$655,000 | −$639,000 | −$571,000 | −$627,000 | −$864,000 | — | −$649,000 | −$522,000 | −$735,000 | −$660,000 | −$565,000 | −$756,000 |
| Total shareholders' equity | $445.7M | $455.1M | $456.1M | $473.0M | $478.2M | $440.1M | $455.9M | $472.7M | $491.1M | $560.1M | $590.0M | $623.4M |
| Key figures | ||||||||||||
| Total debt | $93.6M | $95.8M | $183.9M | $137.3M | $78.2M | $80.3M | $82.6M | $85.0M | $87.2M | $89.4M | $91.9M | $94.1M |
| Net cash (debt) | $73.2M | $75.8M | $14.1M | $95.1M | $172.6M | $176.8M | $188.2M | $191.4M | $202.2M | $203.9M | $219.3M | $242.3M |
| Working capital | $201.0M | $203.5M | $223.4M | $241.6M | $252.7M | $263.5M | $275.7M | $275.8M | $288.1M | $304.4M | $325.0M | $350.9M |
| Tangible book value | $350.8M | $359.9M | $360.7M | $377.3M | $382.3M | $340.3M | $355.9M | $372.4M | $390.6M | $422.4M | $451.0M | $483.1M |
| Book value per share | $7.14 | $7.38 | $7.47 | $7.83 | $7.82 | $7.38 | $7.71 | $8.15 | $8.45 | $9.69 | $10.26 | $10.88 |
| Shares outstanding | 62.4M | 61.7M | 61.1M | 60.4M | 61.2M | 59.6M | 59.2M | 58.0M | 58.1M | 57.8M | 57.5M | 57.3M |
| Current ratio | 2.67 | 2.70 | 3.78 | 3.64 | 3.90 | 4.51 | 4.96 | 4.88 | 4.91 | 5.51 | 5.98 | 5.79 |
| Quick ratio | 1.93 | 1.97 | 3.08 | 3.17 | 3.45 | 4.10 | 4.45 | 4.38 | 4.36 | 4.90 | 5.33 | 5.19 |
| Debt / equity | 0.21 | 0.21 | 0.40 | 0.29 | 0.16 | 0.18 | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.15 |
| Equity / assets | 66.3% | 67.3% | 71.5% | 73.7% | 74.3% | 73.9% | 74.9% | 76.9% | 77.0% | 79.7% | 80.5% | 80.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 17, 2025); data from EODHD.
TWST financial position
At the end of fiscal 2025 (September 30, 2025), Twist Bioscience had total assets of $641.9 million (up 4.5% from a year earlier), total liabilities of $168.9 million and shareholders' equity of $473.0 million. It held $232.4 million in cash and short-term investments against $137.3 million of debt, a net cash position of $95.1 million. Its current ratio was 3.64. In the latest quarter (ended June 30, 2026) total assets were $672.4 million and equity $445.7 million.
Related: TWST income statement, TWST cash flow statement, TWST key metrics. See the TWST stock overview for the latest quote and news.
TWST balance sheet FAQ
What are Twist Bioscience's total assets?
Twist Bioscience reported total assets of $641.9 million at the end of fiscal 2025 (September 30, 2025), compared with $614.3 million a year earlier.
How much debt does Twist Bioscience have?
Twist Bioscience had $137.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.29.
How much cash does Twist Bioscience have?
Twist Bioscience held $232.4 million in cash and short-term investments at the end of fiscal 2025; with $137.3 million of debt that is net cash of $95.1 million.
What is Twist Bioscience's book value?
Twist Bioscience's shareholders' equity (book value) was $473.0 million at the end of fiscal 2025, or $7.91 per share.
What is Twist Bioscience's current ratio?
Twist Bioscience had current assets of $333.0 million and current liabilities of $91.4 million, a current ratio of 3.64 (it can cover its short-term obligations).
How much goodwill does Twist Bioscience have?
Twist Bioscience carried $95.6 million of goodwill and intangible assets, 14.9% of total assets, at the end of fiscal 2025.