Universal Technical Institute, Inc. (UTI) Balance Sheet
UTI balance sheet, FY2025
September 30, 2025 · U.S. dollars$826.1M assets = $498.0M liabilities + $328.1M equity
Both columns are drawn to the same scale: what UTI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UTI financial health
Descriptive bands, not a rating. Fiscal FY2025.
UTI balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $297.2MFY2016 | $826.1MFY2025 | +12.0%/yr | |
| Total liabilities | $160.5MFY2016 | $498.0MFY2025 | +13.4%/yr | |
| Shareholders’ equity | $136.6MFY2016 | $328.1MFY2025 | +10.2%/yr | |
| Cash & short-term investments | $120.7MFY2016 | $169.1MFY2025 | +3.8%/yr | |
| Total debt | $44.1MFY2016 | $278.9MFY2025 | +22.8%/yr | |
| Net cash (debt) | $76.7MFY2016 | −$109.8MFY2025 | −$186.4M | |
| Working capital | $67.4MFY2016 | $17.0MFY2025 | −$50.4M | |
| Book value per share | $5.62FY2016 | $5.90FY2025 | +0.5%/yr | |
| Current ratio | 1.71FY2016 | 1.07FY2025 | −0.64 | |
| Debt / equity | 0.32FY2016 | 0.85FY2025 | +0.53 | |
| Shares outstanding | 24.3MFY2016 | 55.6MFY2025 | +9.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UTI assets
UTI liabilities and equity
UTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UTI balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $169.1M | $161.9M | $151.5M | $95.4M | $133.7M | $114.9M | $65.4M | $58.1M | $97.9M | $120.7M |
| Cash & equivalents | $127.4M | $161.9M | $151.5M | $66.5M | $133.7M | $76.8M | $65.4M | $58.1M | $50.1M | $119.0M |
| Short-term investments | $41.8M | $0 | $957,000 | $28.9M | $194,000 | $38.1M | — | $0 | $47.8M | $1.7M |
| Receivables | $52.7M | $37.3M | $31.2M | $22.1M | $22.7M | $40.6M | $23.2M | $26.3M | $15.2M | $15.3M |
| Inventory | $0 | $0 | −$957,000 | $9.7M | $18.9M | $18.2M | $22.2M | $24.4M | −$40.0M | $0 |
| Other current assets | $24.8M | $22.8M | $23.2M | $8.8M | $8.1M | $6.5M | $7.3M | $8.0M | $73.7M | $26.0M |
| Total current assets | $246.6M | $222.0M | $205.0M | $136.0M | $183.4M | $180.2M | $118.1M | $116.8M | $146.8M | $161.9M |
| Property, plant & equipment (net) | $464.7M | $423.6M | $443.0M | $346.3M | $281.1M | $217.4M | $104.1M | $114.8M | $106.7M | $114.0M |
| Goodwill & intangible assets | $45.8M | $46.7M | $47.4M | $31.1M | $8.3M | $8.2M | $8.2M | $16.4M | $18.0M | $18.0M |
| Long-term investments | $0 | $0 | $0 | $30.2M | $30.6M | $27.6M | $29.9M | $31.2M | $4.1M | $4.0M |
| Other non-current assets | $69.0M | $52.4M | $45.3M | $9.3M | $9.1M | $8.6M | $10.2M | $3.0M | $0 | $0 |
| Total assets | $826.1M | $744.6M | $740.7M | $552.9M | $512.6M | $442.0M | $270.5M | $282.3M | $274.1M | $297.2M |
| Liabilities | ||||||||||
| Accounts payable | $39.1M | $26.3M | $14.4M | $21.7M | $13.7M | $12.5M | $10.0M | $8.8M | $9.5M | $11.8M |
| Short-term debt | $19.8M | $24.9M | $25.0M | $14.1M | $15.0M | $23.8M | $1.6M | $1.3M | $1.1M | $913,000 |
| Deferred revenue | $91.5M | $92.5M | $85.7M | $54.2M | $57.6M | $40.7M | $42.9M | $38.2M | $41.3M | $44.5M |
| Total current liabilities | $229.7M | $205.0M | $184.7M | $137.7M | $132.7M | $121.6M | $96.8M | $92.5M | $86.4M | $94.6M |
| Long-term debt | $84.2M | $123.0M | $159.6M | $66.4M | $29.9M | $131,000 | $39.2M | $40.7M | $42.0M | $43.1M |
| Lease obligations | $191.8M | $169.0M | $187.5M | $142.3M | $167.3M | $157.8M | $39.2M | $40.7M | $42.0M | $43.1M |
| Other long-term liabilities | $184.1M | $156.4M | $170.4M | $133.4M | $161.5M | $143.7M | $20.2M | $22.5M | $19.9M | $22.8M |
| Total liabilities | $498.0M | $484.3M | $514.7M | $337.5M | $324.0M | $265.5M | $156.2M | $155.6M | $148.3M | $160.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5,000 | $5,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Retained earnings (deficit) | $101.5M | $38.5M | $5.9M | −$1.3M | −$22.0M | −$33.0M | −$44.7M | −$31.6M | −$30.8M | −$17.5M |
| Treasury stock | — | — | — | — | −$365,000 | −$365,000 | −$97.4M | −$97.4M | −$97.4M | −$97.4M |
| Accumulated other comprehensive income | $912,000 | $1.1M | $2.5M | $2.2M | −$279,000 | −$68.9M | −$68.9M | $0 | $0 | $18,000 |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $328.1M | $260.2M | $226.0M | $215.4M | $188.5M | $176.5M | $114.3M | $126.6M | $125.8M | $136.6M |
| Key figures | ||||||||||
| Total debt | $278.9M | $294.7M | $349.6M | $209.8M | $198.0M | $157.8M | $40.7M | $42.0M | $43.1M | $44.1M |
| Net cash (debt) | −$109.8M | −$132.8M | −$198.1M | −$114.4M | −$64.3M | −$42.9M | $24.7M | $16.1M | $54.8M | $76.7M |
| Working capital | $17.0M | $17.0M | $20.3M | −$1.8M | $50.7M | $58.5M | $21.3M | $24.3M | $60.4M | $67.4M |
| Tangible book value | $282.3M | $213.5M | $178.5M | $184.3M | $180.2M | $168.3M | $106.1M | $110.2M | $107.8M | $118.6M |
| Book value per share | $5.90 | $5.12 | $6.55 | $6.38 | $5.69 | $5.86 | $4.49 | $5.04 | $5.09 | $5.62 |
| Shares outstanding | 55.6M | 50.9M | 34.5M | 33.7M | 33.1M | 30.1M | 25.4M | 25.1M | 24.7M | 24.3M |
| Current ratio | 1.07 | 1.08 | 1.11 | 0.99 | 1.38 | 1.48 | 1.22 | 1.26 | 1.70 | 1.71 |
| Quick ratio | 0.97 | 0.97 | 0.99 | 0.85 | 1.18 | 1.28 | 0.91 | 0.91 | 1.31 | 1.44 |
| Debt / equity | 0.85 | 1.13 | 1.55 | 0.97 | 1.05 | 0.89 | 0.36 | 0.33 | 0.34 | 0.32 |
| Equity / assets | 39.7% | 35.0% | 30.5% | 39.0% | 36.8% | 39.9% | 42.2% | 44.9% | 45.9% | 46.0% |
| 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 | $170.1M | $162.0M | $162.8M | $169.1M | $120.6M | $135.7M | $172.0M | $161.9M | $115.5M | $116.1M | $143.6M | $151.5M |
| Cash & equivalents | $130.1M | $87.2M | $93.6M | $127.4M | $73.4M | $96.0M | $172.0M | $161.9M | $115.5M | $116.1M | $143.6M | $151.5M |
| Short-term investments | $40.1M | $74.8M | $69.2M | $41.8M | $47.2M | $39.7M | — | $0 | $827,000 | $833,000 | $1.1M | $957,000 |
| Receivables | $56.5M | $51.4M | $51.7M | $52.7M | $43.7M | $37.6M | $34.2M | $37.3M | $36.2M | $30.5M | $28.7M | $31.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$833,000 | $17.4M | $14.8M |
| Other current assets | $31.4M | $30.4M | $34.2M | $24.8M | $20.9M | $25.2M | $24.7M | $22.8M | $24.8M | $24.5M | $7.8M | $7.5M |
| Total current assets | $258.1M | $243.8M | $248.7M | $246.6M | $185.2M | $198.5M | $230.9M | $222.0M | $176.6M | $170.2M | $197.4M | $205.0M |
| Property, plant & equipment (net) | $520.8M | $493.7M | $473.9M | $464.7M | $443.1M | $415.8M | $417.9M | $423.6M | $427.4M | $433.2M | $438.9M | $443.0M |
| Goodwill & intangible assets | $54.0M | $49.9M | $49.5M | $45.8M | $46.0M | $46.2M | $46.5M | $46.7M | $46.9M | $47.1M | $47.3M | $47.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $65.0M | $64.8M | $61.9M | $69.0M | $66.5M | $59.9M | $58.5M | $52.4M | $55.1M | $51.6M | $48.8M | $45.3M |
| Total assets | $897.9M | $852.2M | $834.0M | $826.1M | $740.8M | $720.4M | $753.8M | $744.6M | $706.0M | $702.1M | $732.4M | $740.7M |
| Liabilities | ||||||||||||
| Accounts payable | $105.8M | $42.6M | $30.0M | $39.1M | $22.8M | $19.8M | $23.9M | $26.3M | $18.8M | $17.7M | $18.0M | $14.4M |
| Short-term debt | $17.8M | $23.7M | $21.5M | $19.8M | $21.6M | $24.7M | $24.4M | $24.9M | $24.9M | $25.4M | $25.1M | $25.0M |
| Deferred revenue | $70.7M | $74.0M | $88.6M | $91.5M | $67.0M | $74.9M | $88.4M | $92.5M | $66.0M | $67.6M | $81.5M | $85.7M |
| Total current liabilities | $198.3M | $207.9M | $217.9M | $229.7M | $185.0M | $185.1M | $202.4M | $205.0M | $173.8M | $166.4M | $181.9M | $184.7M |
| Long-term debt | $157.0M | $127.8M | $98.5M | $84.2M | $70.9M | $91.6M | $117.3M | $123.0M | $134.7M | $139.3M | $159.0M | $159.6M |
| Lease obligations | $199.4M | $185.5M | $188.1M | $191.8M | $187.2M | $162.5M | $166.1M | $169.0M | $175.5M | $181.3M | $186.6M | $187.5M |
| Other long-term liabilities | $198.2M | $176.6M | $181.7M | $184.1M | $178.0M | $149.8M | $154.1M | $156.4M | $158.2M | $163.7M | $169.3M | $170.4M |
| Total liabilities | $553.6M | $512.3M | $498.1M | $498.0M | $434.0M | $426.5M | $473.8M | $484.3M | $466.7M | $469.5M | $510.2M | $514.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,000 | $6,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $3,000 |
| Retained earnings (deficit) | $117.1M | $114.8M | $114.4M | $101.5M | $82.8M | $72.1M | $60.7M | $38.5M | $19.7M | $14.7M | $6.9M | $5.9M |
| Accumulated other comprehensive income | $872,000 | $725,000 | $817,000 | $912,000 | $1.0M | $1.3M | $1.7M | $1.1M | $1.9M | $1.9M | $1.6M | $2.5M |
| Total shareholders' equity | $344.3M | $339.9M | $335.9M | $328.1M | $306.8M | $293.9M | $280.0M | $260.2M | $239.4M | $232.6M | $222.2M | $226.0M |
| Key figures | ||||||||||||
| Total debt | $359.5M | $316.2M | $289.6M | $278.9M | $261.0M | $256.9M | $286.2M | $294.7M | $312.9M | $323.2M | $348.2M | $349.6M |
| Net cash (debt) | −$189.4M | −$154.2M | −$126.8M | −$109.8M | −$140.4M | −$121.2M | −$114.2M | −$132.8M | −$197.4M | −$207.1M | −$204.6M | −$198.1M |
| Working capital | $59.8M | $35.9M | $30.8M | $17.0M | $155,000 | $13.4M | $28.5M | $17.0M | $2.8M | $3.8M | $15.5M | $20.3M |
| Tangible book value | $290.3M | $290.0M | $286.4M | $282.3M | $260.8M | $247.7M | $233.5M | $213.5M | $192.5M | $185.5M | $174.9M | $178.5M |
| Book value per share | $6.16 | $6.10 | $6.03 | $5.89 | $5.51 | $5.30 | $5.05 | $4.70 | $4.36 | $4.25 | $5.93 | $6.49 |
| Shares outstanding | 55.9M | 55.7M | 55.7M | 55.7M | 55.6M | 55.4M | 55.4M | 55.4M | 55.0M | 54.8M | 37.4M | 34.8M |
| Current ratio | 1.30 | 1.17 | 1.14 | 1.07 | 1.00 | 1.07 | 1.14 | 1.08 | 1.02 | 1.02 | 1.09 | 1.11 |
| Quick ratio | 1.14 | 1.03 | 0.98 | 0.97 | 0.89 | 0.94 | 1.02 | 0.97 | 0.87 | 0.88 | 0.95 | 0.99 |
| Debt / equity | 1.04 | 0.93 | 0.86 | 0.85 | 0.85 | 0.87 | 1.02 | 1.13 | 1.31 | 1.39 | 1.57 | 1.55 |
| Equity / assets | 38.3% | 39.9% | 40.3% | 39.7% | 41.4% | 40.8% | 37.1% | 35.0% | 33.9% | 33.1% | 30.3% | 30.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 26, 2025); data from EODHD.
UTI financial position
At the end of fiscal 2025 (September 30, 2025), Universal Technical Institute had total assets of $826.1 million (up 11.0% from a year earlier), total liabilities of $498.0 million and shareholders' equity of $328.1 million. It held $169.1 million in cash and short-term investments against $278.9 million of debt, net debt of $109.8 million. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were $897.9 million and equity $344.3 million.
Related: UTI income statement, UTI cash flow statement, UTI key metrics. See the UTI stock overview for the latest quote and news.
UTI balance sheet FAQ
What are Universal Technical Institute's total assets?
Universal Technical Institute reported total assets of $826.1 million at the end of fiscal 2025 (September 30, 2025), compared with $744.6 million a year earlier.
How much debt does Universal Technical Institute have?
Universal Technical Institute had $278.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.85.
How much cash does Universal Technical Institute have?
Universal Technical Institute held $169.1 million in cash and short-term investments at the end of fiscal 2025; with $278.9 million of debt that is net debt of $109.8 million.
What is Universal Technical Institute's book value?
Universal Technical Institute's shareholders' equity (book value) was $328.1 million at the end of fiscal 2025, or $5.90 per share.
What is Universal Technical Institute's current ratio?
Universal Technical Institute had current assets of $246.6 million and current liabilities of $229.7 million, a current ratio of 1.07 (it can cover its short-term obligations).
How much goodwill does Universal Technical Institute have?
Universal Technical Institute carried $45.8 million of goodwill and intangible assets, 5.5% of total assets, at the end of fiscal 2025.