VenHub Global, Inc. (VHUB) Balance Sheet
VHUB balance sheet, 2025
December 31, 2025 · U.S. dollars$3.6M assets = $13.9M liabilities + −$10.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$10.3M).
Both columns are drawn to the same scale: what VHUB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VHUB financial health
Descriptive bands, not a rating. Fiscal 2025.
VHUB balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $464,1472023 | $3.6M2025 | +179.4%/yr | |
| Total liabilities | $1.3M2023 | $13.9M2025 | +224.5%/yr | |
| Shareholders’ equity | −$859,7582023 | −$10.3M2025 | — | |
| Cash & short-term investments | $46,7602023 | $89,6342025 | +38.5%/yr | |
| Total debt | $1.1M2023 | $9.2M2025 | +193.3%/yr | |
| Net cash (debt) | −$1.0M2023 | −$9.1M2025 | −$8.1M | |
| Working capital | −$833,1302023 | −$9.2M2025 | −$8.4M | |
| Book value per share | −$0.012023 | −$0.122025 | — | |
| Current ratio | 0.052023 | 0.132025 | +0.08 | |
| Shares outstanding | 75.0M2023 | 84.9M2025 | +6.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VHUB assets
VHUB liabilities and equity
VHUB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VHUB balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $89,634 | $1.4M | $46,760 |
| Cash & equivalents | $89,634 | $1.4M | $46,760 |
| Receivables | $0 | $0 | $0 |
| Inventory | $1.0M | $900,543 | $0 |
| Other current assets | $250,033 | $33,707 | $0 |
| Total current assets | $1.4M | $2.3M | $46,760 |
| Property, plant & equipment (net) | $2.2M | $298,582 | $401,313 |
| Goodwill & intangible assets | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $79,566 | $104,778 | $16,074 |
| Total assets | $3.6M | $2.7M | $464,147 |
| Liabilities | |||
| Accounts payable | $716,329 | $491,868 | $20,179 |
| Short-term debt | $5.9M | $174,254 | $179,400 |
| Deferred revenue | $1.5M | $137,895 | $66,145 |
| Total current liabilities | $10.6M | $2.5M | $879,890 |
| Long-term debt | $2.6M | $3.5M | $0 |
| Lease obligations | $1.1M | $444,015 | $596,571 |
| Other long-term liabilities | $837,990 | $335,649 | $444,015 |
| Total liabilities | $13.9M | $6.4M | $1.3M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $75,024 | $26,501 | $24,454 |
| Retained earnings (deficit) | −$82.2M | −$19.8M | −$10.4M |
| Total shareholders' equity | −$10.3M | −$3.7M | −$859,758 |
| Key figures | |||
| Total debt | $9.2M | $4.3M | $1.1M |
| Net cash (debt) | −$9.1M | −$2.9M | −$1.0M |
| Working capital | −$9.2M | −$195,341 | −$833,130 |
| Tangible book value | −$10.3M | −$3.7M | −$859,758 |
| Book value per share | −$0.12 | −$0.05 | −$0.01 |
| Shares outstanding | 84.9M | 75.0M | 75.0M |
| Current ratio | 0.13 | 0.92 | 0.05 |
| Quick ratio | 0.01 | 0.54 | 0.05 |
| Equity / assets | −284.8% | −136.4% | −185.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $2.6M | $5.8M | $89,634 | $1.3M | $3.7M | $751,347 | $1.4M |
| Cash & equivalents | $2.6M | $5.8M | $89,634 | $1.3M | $3.7M | $751,347 | $1.4M |
| Receivables | $48,637 | $48,637 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.4M | $2.4M | $1.0M | $1.4M | $1.1M | $578,183 | $900,543 |
| Other current assets | $726,663 | $944,151 | $250,033 | $175,330 | $92,988 | $115,900 | $122,411 |
| Total current assets | $5.8M | $9.2M | $1.4M | $3.0M | $4.9M | $1.4M | $2.4M |
| Property, plant & equipment (net) | $2.2M | $2.1M | $2.2M | $1.6M | $1.5M | $267,369 | $298,582 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $143,666 | $153,046 | $79,566 | $73,074 | $71,074 | $31,074 | $16,074 |
| Total assets | $8.1M | $11.5M | $3.6M | $4.6M | $6.5M | $1.7M | $2.7M |
| Liabilities | |||||||
| Accounts payable | $929,565 | $1.4M | $716,329 | $739,742 | $417,140 | $256,461 | $491,868 |
| Short-term debt | $2.4M | $2.5M | $5.9M | $174,254 | $174,254 | $174,254 | — |
| Deferred revenue | $1.5M | $1.5M | $1.5M | $1.5M | $1.8M | $136,895 | — |
| Total current liabilities | $7.6M | $7.5M | $10.6M | $4.4M | $4.6M | $2.4M | $6.1M |
| Long-term debt | $0 | $0 | $2.6M | $7.0M | $6.8M | $0 | $3.5M |
| Lease obligations | $940,338 | $970,489 | $1.1M | $1.1M | $1.1M | — | $444,015 |
| Other long-term liabilities | $614,091 | $619,154 | $837,990 | $915,599 | $1.2M | $4.6M | $0 |
| Total liabilities | $8.2M | $8.2M | $13.9M | $12.3M | $12.6M | $7.1M | $6.4M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $90,392 | $85,057 | $75,024 | $36,279 | $32,509 | $28,169 | — |
| Retained earnings (deficit) | −$109.3M | −$98.8M | −$82.2M | −$69.0M | −$49.6M | −$29.1M | −$19.8M |
| Total shareholders' equity | −$52,871 | $3.3M | −$10.3M | −$7.7M | −$6.1M | −$5.3M | −$3.7M |
| Key figures | |||||||
| Total debt | $3.0M | $3.1M | $9.2M | $9.0M | $8.8M | $4.9M | $3.5M |
| Net cash (debt) | −$476,899 | $2.7M | −$9.1M | −$7.6M | −$5.2M | −$4.1M | −$2.2M |
| Working capital | −$1.8M | $1.7M | −$9.2M | −$1.4M | $259,591 | −$990,146 | −$3.7M |
| Tangible book value | −$52,871 | $3.3M | −$10.3M | −$7.7M | −$6.1M | −$5.3M | −$3.7M |
| Book value per share | −$0.00 | $0.04 | −$0.12 | −$0.10 | −$0.08 | −$0.07 | −$0.05 |
| Shares outstanding | 86.3M | 85.1M | 84.9M | 74.9M | 75.0M | 75.0M | 74.9M |
| Current ratio | 0.77 | 1.22 | 0.13 | 0.68 | 1.06 | 0.59 | 0.39 |
| Quick ratio | 0.35 | 0.77 | 0.01 | 0.31 | 0.80 | 0.31 | 0.22 |
| Debt / equity | — | 0.92 | — | — | — | — | — |
| Equity / assets | −0.7% | 29.0% | −284.8% | −167.1% | −94.9% | −304.8% | −136.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
VHUB financial position
At the end of fiscal 2025 (December 31, 2025), VenHub Global had total assets of $3.6 million (up 34.7% from a year earlier), total liabilities of $13.9 million and shareholders' equity of -$10.3 million. It held $0.1 million in cash and short-term investments against $9.2 million of debt, net debt of $9.1 million. Its current ratio was 0.13. In the latest quarter (ended June 30, 2026) total assets were $8.1 million and equity -$0.1 million.
Related: VHUB income statement, VHUB cash flow statement, VHUB key metrics. See the VHUB stock overview for the latest quote and news.
VHUB balance sheet FAQ
What are VenHub Global's total assets?
VenHub Global reported total assets of $3.6 million at the end of fiscal 2025 (December 31, 2025), compared with $2.7 million a year earlier.
How much debt does VenHub Global have?
VenHub Global had $9.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does VenHub Global have?
VenHub Global held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $9.2 million of debt that is net debt of $9.1 million.
What is VenHub Global's book value?
VenHub Global's shareholders' equity (book value) was -$10.3 million at the end of fiscal 2025, or −$0.12 per share.
What is VenHub Global's current ratio?
VenHub Global had current assets of $1.4 million and current liabilities of $10.6 million, a current ratio of 0.13 (current liabilities exceed current assets).