AgEagle Aerial Systems, Inc. (UAVS) Balance Sheet
UAVS balance sheet, 2025
December 31, 2025 · U.S. dollars$42.2M assets = $6.5M liabilities + $35.7M equity
Both columns are drawn to the same scale: what UAVS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UAVS financial health
Descriptive bands, not a rating. Fiscal 2025.
UAVS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.0M2016 | $42.2M2025 | +20.3%/yr | |
| Total liabilities | $26.5M2016 | $6.5M2025 | −14.5%/yr | |
| Shareholders’ equity | −$18.5M2016 | $35.7M2025 | — | |
| Cash & short-term investments | $339,0252016 | $29.9M2025 | +64.5%/yr | |
| Total debt | $17.9M2016 | $2.2M2025 | −20.8%/yr | |
| Net cash (debt) | −$17.6M2016 | $27.7M2025 | +$45.3M | |
| Working capital | −$18.1M2016 | $34.5M2025 | +$52.6M | |
| Current ratio | 0.082016 | 7.922025 | +7.83 | |
| Debt / equity | 0.012018 | 0.062025 | +0.05 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UAVS assets
UAVS liabilities and equity
UAVS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UAVS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $29.9M | $3.6M | $819,024 | $4.3M | $14.6M | $23.9M | $717,997 | $2.6M | $677,936 | $339,025 |
| Cash & equivalents | $29.9M | $3.6M | $819,024 | $4.3M | $14.6M | $23.9M | $717,997 | $2.6M | $677,936 | $128,035 |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $210,990 |
| Receivables | $3.4M | $1.4M | $2.1M | $2.4M | $3.1M | $600,000 | $65,833 | $93 | $255 | $610,825 |
| Inventory | $5.7M | $5.5M | $6.9M | $6.7M | $4.0M | $135,647 | $221,167 | $149,482 | $158,632 | $185,733 |
| Other current assets | $556,655 | $425,182 | $720,824 | $1.0M | $1.3M | $122,011 | $124,163 | $80,370 | $208,560 | $543,384 |
| Total current assets | $39.5M | $10.9M | $10.5M | $14.5M | $23.0M | $24.8M | $1.1M | $2.8M | $1.0M | $1.7M |
| Property, plant & equipment (net) | $2.2M | $3.0M | $4.3M | $4.7M | $3.0M | $379,952 | $37,776 | $28,374 | $1.6M | $5.5M |
| Goodwill & intangible assets | $56,850 | $6.4M | $10.0M | $34.7M | $78.4M | $3.5M | $3.6M | $3.9M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75,000 | $0 |
| Other non-current assets | $444,481 | $250,937 | $265,567 | $291,066 | $282,869 | $0 | $0 | $0 | $0 | $798,809 |
| Total assets | $42.2M | $20.6M | $25.2M | $54.2M | $104.7M | $28.7M | $4.8M | $6.8M | $2.6M | $8.0M |
| Liabilities | ||||||||||
| Accounts payable | $1.6M | $2.8M | $3.1M | $1.8M | $2.5M | $159,812 | $57,432 | $197,827 | $426,154 | $294,241 |
| Short-term debt | $954,386 | $2.6M | $5.8M | $1.4M | $1.7M | $175,428 | — | $40,998 | $1.3M | $17.9M |
| Deferred revenue | $127,874 | $148,054 | $226,316 | $496,390 | $971,140 | $2,302 | $264,472 | $4,892 | — | — |
| Total current liabilities | $5.0M | $7.9M | $11.0M | $5.4M | $17.1M | $2.2M | $521,875 | $300,412 | $6.1M | $19.8M |
| Long-term debt | $209,563 | $274,389 | $489,037 | $2.3M | $808,021 | $17,906 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.9M | $2.6M | $3.6M | $3.8M | $2.2M | $257,363 | $0 | — | — | — |
| Other long-term liabilities | $1.3M | $18.2M | $2.9M | $3.3M | $10.1M | $171,468 | $321,904 | $243,717 | $8.5M | $6.7M |
| Total liabilities | $6.5M | $26.3M | $14.5M | $11.0M | $28.1M | $2.4M | $521,875 | $300,412 | $14.7M | $26.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $43,614 | $9,662 | $140,521 | $88,467 | $75,315 | $58,636 | $15,424 | $12,549 | $16,295 | $8,424 |
| Retained earnings (deficit) | −$231.2M | −$218.4M | −$165.6M | −$111.6M | −$51.1M | −$20.9M | −$8.2M | −$5.7M | −$86.4M | −$87.6M |
| Accumulated other comprehensive income | $191,185 | −$86,376 | $106,303 | $10,083 | −$70,594 | — | −$102,982 | −$87,939 | −$9.2M | −$17.0M |
| Total shareholders' equity | $35.7M | −$5.7M | $10.7M | $43.2M | $76.6M | $26.4M | $4.3M | $6.5M | −$12.0M | −$18.5M |
| Key figures | ||||||||||
| Total debt | $2.2M | $4.5M | $9.0M | $6.8M | $3.4M | $364,802 | — | $40,998 | $4.9M | $17.9M |
| Net cash (debt) | $27.7M | −$898,841 | −$8.2M | −$2.5M | $11.2M | $23.6M | — | $2.6M | −$4.2M | −$17.6M |
| Working capital | $34.5M | $3.1M | −$484,321 | $9.1M | $5.8M | $22.6M | $607,285 | $2.5M | −$5.1M | −$18.1M |
| Tangible book value | $35.7M | −$12.2M | $679,631 | $8.5M | −$1.9M | $22.8M | $645,061 | $2.6M | −$12.0M | −$18.5M |
| Book value per share | $1.43 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 25.1M | — | — | — | — | — | — | — | — | — |
| Current ratio | 7.92 | 1.39 | 0.96 | 2.69 | 1.34 | 11.36 | 2.16 | 9.43 | 0.17 | 0.08 |
| Quick ratio | 6.67 | 0.64 | 0.26 | 1.25 | 1.03 | 11.24 | 1.50 | 8.66 | 0.11 | 0.05 |
| Debt / equity | 0.06 | — | 0.84 | 0.16 | 0.04 | 0.01 | — | 0.01 | — | — |
| Equity / assets | 84.6% | −27.9% | 42.5% | 79.8% | 73.2% | 91.7% | 89.1% | 95.6% | −456.5% | −231.2% |
| 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 | $20.3M | $36.4M | $29.9M | $16.6M | $5.5M | $3.8M | $3.6M | $265,126 | $977,208 | $822,921 | $819,024 | $1.6M |
| Cash & equivalents | $15.9M | $26.9M | $29.9M | $16.6M | $5.5M | $3.8M | $3.6M | $265,126 | $977,208 | $822,921 | $819,024 | $1.6M |
| Short-term investments | $4.4M | $9.5M | — | — | — | — | — | — | — | — | — | — |
| Receivables | $1.3M | $753,390 | $3.4M | $2.5M | $2.5M | $1.1M | $1.4M | $2.2M | $1.5M | $1.4M | $2.1M | $2.2M |
| Inventory | $5.6M | $5.7M | $5.7M | $6.0M | $5.7M | $5.4M | $5.5M | $5.9M | $6.4M | $6.4M | $6.9M | $6.1M |
| Other current assets | $919,118 | $619,565 | $556,655 | $646,085 | $403,952 | $676,081 | $425,182 | $512,483 | $452,762 | $720,645 | $733,561 | $832,188 |
| Total current assets | $28.1M | $43.5M | $39.5M | $25.8M | $14.1M | $11.0M | $10.9M | $8.8M | $9.4M | $9.3M | $10.5M | $10.7M |
| Property, plant & equipment (net) | $4.0M | $4.2M | $2.2M | $2.4M | $2.7M | $2.8M | $3.0M | $3.4M | $3.5M | $3.8M | $4.3M | $4.1M |
| Goodwill & intangible assets | $80,666 | $38,946 | $56,850 | $6.0M | $6.1M | $6.2M | $6.4M | $9.5M | $9.7M | $9.9M | $10.0M | $30.9M |
| Long-term investments | $5.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $412,877 | $416,045 | $444,481 | $285,754 | $285,597 | $255,735 | $250,937 | $266,009 | $251,057 | $249,768 | $265,567 | $336,091 |
| Total assets | $37.9M | $48.1M | $42.2M | $34.5M | $23.2M | $20.2M | $20.6M | $22.0M | $22.8M | $23.2M | $25.2M | $46.1M |
| Liabilities | ||||||||||||
| Accounts payable | $1.5M | $1.3M | $1.6M | $744,220 | $1.1M | $1.7M | $2.8M | $3.6M | $3.1M | $2.6M | $3.1M | $2.1M |
| Short-term debt | $1.2M | $1.3M | $954,386 | $997,004 | $1.1M | $1.7M | $2.6M | $6.9M | $6.6M | $6.6M | — | $3.8M |
| Deferred revenue | $61,958 | $83,279 | $127,874 | $70,602 | $118,284 | $220,987 | $148,054 | $861,411 | $779,993 | $349,483 | — | $329,536 |
| Total current liabilities | $4.4M | $4.4M | $5.0M | $4.5M | $5.0M | $5.6M | $7.9M | $13.4M | $12.2M | $11.3M | $11.0M | $7.9M |
| Long-term debt | $152,978 | $154,989 | $209,563 | $206,184 | $236,529 | $233,733 | $274,389 | $297,349 | $321,014 | $355,215 | $489,037 | $2.0M |
| Lease obligations | $3.3M | $3.6M | $1.9M | $2.1M | $2.4M | $2.4M | $2.6M | $3.0M | $3.0M | $3.2M | $3.6M | $3.6M |
| Other long-term liabilities | $2.4M | $2.7M | $1.3M | $1.5M | $1.7M | $10.2M | $18.2M | $2.1M | $2.3M | $2.5M | $2.9M | $2.8M |
| Total liabilities | $7.0M | $7.3M | $6.5M | $6.1M | $6.9M | $16.0M | $26.3M | $15.8M | $14.8M | $14.2M | $14.5M | $12.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $62,103 | $57,347 | $43,614 | $36,735 | $21,803 | $12,821 | $9,662 | $17,321 | $13,840 | $10,892 | — | $117,880 |
| Retained earnings (deficit) | −$246.6M | −$231.2M | −$231.2M | −$220.2M | −$217.3M | −$212.4M | −$218.4M | −$185.0M | −$180.1M | −$177.1M | −$165.6M | −$134.4M |
| Accumulated other comprehensive income | $284,746 | $304,038 | $191,185 | $230,237 | $212,802 | −$590 | −$86,376 | $94,157 | −$46,192 | −$57,350 | — | $170,142 |
| Total shareholders' equity | $30.9M | $40.9M | $35.7M | $28.3M | $16.3M | $4.2M | −$5.7M | $6.2M | $8.1M | $9.1M | $10.7M | $33.4M |
| Key figures | ||||||||||||
| Total debt | $3.5M | $3.9M | $2.2M | $2.4M | $2.8M | $3.4M | $4.5M | $9.2M | $9.0M | $9.3M | $489,037 | $8.5M |
| Net cash (debt) | $16.7M | $32.5M | $27.7M | $14.2M | $2.7M | $412,706 | −$898,841 | −$9.0M | −$8.0M | −$8.5M | $329,987 | −$6.9M |
| Working capital | $23.7M | $39.1M | $34.5M | $21.3M | $9.1M | $5.4M | $3.1M | −$4.5M | −$2.8M | −$2.0M | −$484,321 | $2.8M |
| Tangible book value | $30.8M | $40.8M | $35.7M | $22.4M | $10.2M | −$2.1M | −$12.2M | −$3.3M | −$1.6M | −$806,316 | $679,631 | $2.5M |
| Book value per share | $0.55 | $0.77 | $1.43 | $0.88 | $1.05 | — | — | — | — | — | — | — |
| Shares outstanding | 56.4M | 53.4M | 25.1M | 32.2M | 15.5M | — | — | — | — | — | — | — |
| Current ratio | 6.43 | 9.93 | 7.92 | 5.78 | 2.82 | 1.96 | 1.39 | 0.66 | 0.77 | 0.83 | 0.96 | 1.36 |
| Quick ratio | 4.94 | 8.49 | 6.67 | 4.29 | 1.60 | 0.88 | 0.64 | 0.18 | 0.21 | 0.19 | 0.26 | 0.48 |
| Debt / equity | 0.11 | 0.10 | 0.06 | 0.09 | 0.17 | 0.81 | — | 1.48 | 1.12 | 1.03 | 0.05 | 0.25 |
| Equity / assets | 81.6% | 84.9% | 84.6% | 82.2% | 70.2% | 20.7% | −27.9% | 28.3% | 35.4% | 39.0% | 42.5% | 72.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
UAVS financial position
At the end of fiscal 2025 (December 31, 2025), AgEagle Aerial Systems had total assets of $42.2 million (up 105.2% from a year earlier), total liabilities of $6.5 million and shareholders' equity of $35.7 million. It held $29.9 million in cash and short-term investments against $2.2 million of debt, a net cash position of $27.7 million. Its current ratio was 7.92. In the latest quarter (ended June 30, 2026) total assets were $37.9 million and equity $30.9 million.
Related: UAVS income statement, UAVS cash flow statement, UAVS key metrics. See the UAVS stock overview for the latest quote and news.
UAVS balance sheet FAQ
What are AgEagle Aerial Systems's total assets?
AgEagle Aerial Systems reported total assets of $42.2 million at the end of fiscal 2025 (December 31, 2025), compared with $20.6 million a year earlier.
How much debt does AgEagle Aerial Systems have?
AgEagle Aerial Systems had $2.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.06.
How much cash does AgEagle Aerial Systems have?
AgEagle Aerial Systems held $29.9 million in cash and short-term investments at the end of fiscal 2025; with $2.2 million of debt that is net cash of $27.7 million.
What is AgEagle Aerial Systems's book value?
AgEagle Aerial Systems's shareholders' equity (book value) was $35.7 million at the end of fiscal 2025, or $1.43 per share.
What is AgEagle Aerial Systems's current ratio?
AgEagle Aerial Systems had current assets of $39.5 million and current liabilities of $5.0 million, a current ratio of 7.92 (it can cover its short-term obligations).
How much goodwill does AgEagle Aerial Systems have?
AgEagle Aerial Systems carried $0.1 million of goodwill and intangible assets, 0.1% of total assets, at the end of fiscal 2025.