StablecoinX Inc. (USDE) Balance Sheet
USDE balance sheet, 2025
December 31, 2025 · U.S. dollars$692,798 assets = $123,298 liabilities + $569,500 equity
Both columns are drawn to the same scale: what USDE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
USDE financial health
Descriptive bands, not a rating. Fiscal 2025.
USDE balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $802,5002024 | $692,7982025 | −13.7%/yr | |
| Total liabilities | $26,0712024 | $123,2982025 | +372.9%/yr | |
| Shareholders’ equity | $776,4292024 | $569,5002025 | −26.7%/yr | |
| Working capital | $273,9292024 | $117,2502025 | −$156,679 | |
| Book value per share | $0.032024 | $0.022025 | −26.7%/yr | |
| Current ratio | 11.512024 | 1.952025 | −9.56 | |
| Shares outstanding | 24.0M2024 | 24.0M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
USDE assets
USDE liabilities and equity
USDE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
USDE balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $18,708 | — |
| Cash & equivalents | $18,708 | — |
| Receivables | $0 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $221,840 | $300,000 |
| Total current assets | $240,548 | $300,000 |
| Property, plant & equipment (net) | $0 | $0 |
| Goodwill & intangible assets | $452,250 | $502,500 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $0 | $0 |
| Total assets | $692,798 | $802,500 |
| Liabilities | ||
| Accounts payable | $4,386 | $26,071 |
| Total current liabilities | $123,298 | $26,071 |
| Long-term debt | $0 | $0 |
| Other long-term liabilities | $0 | $0 |
| Total liabilities | $123,298 | $26,071 |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$233,000 | −$26,071 |
| Total shareholders' equity | $569,500 | $776,429 |
| Key figures | ||
| Working capital | $117,250 | $273,929 |
| Tangible book value | $117,250 | $273,929 |
| Book value per share | $0.02 | $0.03 |
| Shares outstanding | 24.0M | 24.0M |
| Current ratio | 1.95 | 11.51 |
| Quick ratio | 0.15 | 0.00 |
| Equity / assets | 82.2% | 96.8% |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $18.9M | $2,782 | $52,419 | — |
| Cash & equivalents | $18.9M | $2,782 | $52,419 | — |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $182,193 | $152,061 | $164,729 | $300,000 |
| Total current assets | $19.0M | $154,843 | $217,148 | $300,000 |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $213.5M | $477,125 | $477,375 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $502,500 |
| Total assets | $232.6M | $631,968 | $694,523 | $802,500 |
| Liabilities | ||||
| Accounts payable | $556,764 | $100,133 | $14,737 | $26,071 |
| Total current liabilities | $13.6M | $470,196 | $14,737 | $26,071 |
| Long-term debt | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $4.7M | $0 | $0 | $0 |
| Total liabilities | $18.3M | $470,196 | $14,737 | $26,071 |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −$34.9M | −$640,728 | −$122,714 | −$26,071 |
| Total shareholders' equity | $214.3M | $161,772 | $679,786 | $776,429 |
| Key figures | ||||
| Working capital | $5.5M | −$315,353 | $202,411 | $273,929 |
| Tangible book value | $746,333 | −$315,353 | $202,411 | $776,429 |
| Book value per share | $8.92 | $0.01 | $0.03 | — |
| Shares outstanding | 24.0M | 24.0M | 24.0M | — |
| Current ratio | 1.40 | 0.33 | 14.73 | 11.51 |
| Quick ratio | 1.39 | 0.01 | 3.56 | 0.00 |
| Equity / assets | 92.1% | 25.6% | 97.9% | 96.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
USDE financial position
At the end of fiscal 2025 (December 31, 2025), StablecoinX had total assets of $0.7 million (down 13.7% from a year earlier), total liabilities of $0.1 million and shareholders' equity of $0.6 million. Its current ratio was 1.95. In the latest quarter (ended June 30, 2026) total assets were $232.6 million and equity $214.3 million.
See the USDE stock overview for the latest quote and news.
USDE balance sheet FAQ
What are StablecoinX's total assets?
StablecoinX reported total assets of $0.7 million at the end of fiscal 2025 (December 31, 2025), compared with $0.8 million a year earlier.
How much cash does StablecoinX have?
StablecoinX held $0.0 million in cash and short-term investments at the end of fiscal 2025.
What is StablecoinX's book value?
StablecoinX's shareholders' equity (book value) was $0.6 million at the end of fiscal 2025, or $0.02 per share.
What is StablecoinX's current ratio?
StablecoinX had current assets of $0.2 million and current liabilities of $0.1 million, a current ratio of 1.95 (it can cover its short-term obligations).
How much goodwill does StablecoinX have?
StablecoinX carried $0.5 million of goodwill and intangible assets, 65.3% of total assets, at the end of fiscal 2025.