cbdMD, Inc. (YCBD) Balance Sheet

NYSE American: YCBDAssets, liabilities, debt and equity over 10 years.

YCBD balance sheet, FY2025

September 30, 2025 · U.S. dollars

$10.4M assets = $3.2M liabilities + $7.2M equity

Both columns are drawn to the same scale: what YCBD owns equals what it owes plus shareholders’ equity. Hover a block for its value.

YCBD financial health

Current ratio2.05

Comfortable · current assets cover current liabilities 2.05×

Debt / equity107.70

High leverage · $107.70 of debt for each $1 of equity

Equity / assets69.3%

Equity-funded · of assets funded by shareholders

Cash / debt0.3%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles20.4%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

YCBD balance sheet trends, FY2016–FY2025

cbdMD, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$1.6MFY2016	$10.4MFY2025	+22.9%/yr
Total liabilities	$1.9MFY2016	$3.2MFY2025	+5.8%/yr
Shareholders’ equity	$363,427FY2016	$7.2MFY2025	+39.4%/yr
Cash & short-term investments	$34,258FY2016	$2.3MFY2025	+59.3%/yr
Total debt	$797,547FY2016	$778.2MFY2025	+114.9%/yr
Net cash (debt)	−$763,289FY2016	−$776.0MFY2025	−$775.2M
Working capital	−$947,766FY2016	$3.4MFY2025	+$4.3M
Book value per share	$0.46FY2024	$1.80FY2025	+294.6%/yr
Current ratio	0.50FY2016	2.05FY2025	+1.55
Debt / equity	2.19FY2016	107.70FY2025	+105.50
Shares outstanding	4.3MFY2024	4.0MFY2025	−6.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

YCBD assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

YCBD liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

YCBD debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

YCBD balance sheet

cbdMD, Inc. annual balance sheet
	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Assets
Cash & short-term investments	$2.3M	$2.5M	$1.8M	$7.7M	$27.4M	$15.1M	$5.5M	$6.5M	$1.1M	$34,258
Cash & equivalents	$2.3M	$2.5M	$1.8M	$6.7M	$26.4M	$14.8M	$4.7M	$4.3M	$284,246	$34,258
Short-term investments	—	—	$0	$1.0M	$1.0M	$276,472	$798,538	$2.2M	$859,112	—
Receivables	$1.0M	$983,910	$1.2M	$1.4M	$1.1M	$911,482	$2.7M	$4.2M	$1.4M	$163,974
Inventory	$2.9M	$2.4M	$4.1M	$4.3M	$5.0M	$4.9M	$4.3M	$123,223	$588,197	$687,465
Other current assets	$302,379	$587,434	$1.0M	$2.6M	$2.9M	$2.8M	$3.3M	$969,540	$583,155	$70,620
Total current assets	$6.6M	$6.4M	$8.1M	$16.0M	$36.5M	$23.7M	$15.7M	$11.8M	$3.7M	$956,317
Property, plant & equipment (net)	$1.0M	$602,793	$4.1M	$5.5M	$8.7M	$10.8M	$2.5M	$53,480	$135,476	$180,281
Goodwill & intangible assets	$2.1M	$2.9M	$3.2M	$17.8M	$79.8M	$76.3M	$76.3M	$3.2M	$3.2M	$486,760
Long-term investments	$700,000	$700,000	$700,000	$1.4M	$0	$0	$0	$0	$0	$0
Other non-current assets	$0	$0	$138,708	$0	$0	$0	$0	$0	$0	$0
Total assets	$10.4M	$10.6M	$16.2M	$40.8M	$124.9M	$110.8M	$94.5M	$15.0M	$7.1M	$1.6M
Liabilities
Accounts payable	$1.2M	$1.5M	$1.9M	$2.0M	$3.0M	$2.9M	$3.0M	$481,577	$465,480	$206,156
Short-term debt	$779.0M	$1.3M	$1.3M	$1.2M	$1.2M	$2.1M	$681,269	—	—	$797,547
Deferred revenue	$506.3M	$503,254	$185,246	—	—	$45,141	$7,339	$161,458	$41,417	—
Total current liabilities	$3.2M	$8.6M	$4.7M	$5.3M	$6.9M	$7.7M	$3.7M	$969,955	$1.5M	$1.9M
Long-term debt	$0	$0	$0	$0	$0	$602,100	$194,466	$0	$360,000	$0
Lease obligations	$778,240	$98,696	$3.7M	$4.9M	$6.0M	$7.2M	—	—	—	—
Other long-term liabilities	$0	$0	$2.5M	$4.1M	$14.8M	$23.4M	$53.0M	$28,502	$37,000	$12,000
Total liabilities	$3.2M	$8.6M	$7.2M	$9.4M	$21.7M	$31.7M	$56.9M	$998,457	$1.9M	$1.9M
Shareholders' equity
Common stock & paid-in capital	$8,917	$3,939	$2,961	$60,666	$57,783	$52,131	$27,720	$8,124	$5,792	$3,401
Retained earnings (deficit)	−$179.4M	−$182.1M	−$174.4M	−$147.4M	−$73.3M	−$47.4M	−$59.6M	−$6.7M	−$6.3M	−$4.5M
Accumulated other comprehensive income	—	—	−$5.0M	—	$0	−$913,106	$0	−$2.5M	−$107,971	−$52,216
Total shareholders' equity	$7.2M	$2.0M	$9.0M	$31.4M	$103.1M	$79.2M	$37.6M	$12.6M	$4.2M	$363,427
Key figures
Total debt	$778.2M	$1.3M	$3.7M	$4.9M	$6.1M	$8.7M	$194,466	—	$360,000	$797,547
Net cash (debt)	−$776.0M	$1.2M	−$1.9M	$2.9M	$21.4M	$6.4M	$5.3M	—	$783,358	−$763,289
Working capital	$3.4M	−$2.2M	$3.4M	$10.7M	$29.6M	$16.0M	$12.0M	$10.8M	$2.2M	−$947,766
Tangible book value	$5.1M	−$926,163	$5.8M	$13.6M	$23.4M	$2.9M	−$38.7M	$9.4M	$971,564	−$123,333
Book value per share	$1.80	$0.46	—	—	—	—	—	—	—	—
Shares outstanding	4.0M	4.3M	—	—	—	—	—	—	—	—
Current ratio	2.05	0.74	1.73	3.03	5.28	3.08	4.24	12.16	2.42	0.50
Quick ratio	1.03	0.40	0.65	1.73	4.13	2.08	2.20	11.03	1.66	0.10
Debt / equity	107.70	0.65	0.41	0.15	0.06	0.11	0.01	—	0.09	2.19
Equity / assets	69.3%	18.6%	55.8%	77.0%	82.6%	71.4%	39.8%	83.9%	59.6%	22.4%

cbdMD, Inc. quarterly balance sheet
	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	$2.1M	$2.6M	$3.4M	$2.3M	$1.1M	$1.8M	$2.0M	$2.5M	$2.4M	$2.1M	$1.5M	$1.8M
Cash & equivalents	$2.1M	$2.6M	$3.4M	$2.3M	$1.1M	$1.8M	$2.0M	$2.5M	$2.4M	$2.1M	$1.5M	$1.8M
Short-term investments	—	—	—	—	—	—	—	—	—	—	—	$0
Receivables	$1.8M	$1.6M	$1.1M	$1.0M	$967,310	$1.1M	$1.3M	$983,910	$915,988	$868,217	$1.1M	$1.2M
Inventory	$3.3M	$3.3M	$3.1M	$2.7M	$2.8M	$2.7M	$2.1M	$2.4M	$3.2M	$3.5M	$3.7M	$4.1M
Other current assets	$547,086	$851,804	$515,271	$517,173	$771,449	$712,419	$1.0M	$587,434	$752,176	$984,848	$1.0M	$1.0M
Total current assets	$7.7M	$8.4M	$8.2M	$6.6M	$5.6M	$6.2M	$6.4M	$6.4M	$7.3M	$7.4M	$7.4M	$8.1M
Property, plant & equipment (net)	$2.5M	$722,677	$920,764	$1.0M	$1.3M	$1.5M	$1.8M	$602,793	$3.2M	$3.4M	$3.9M	$4.2M
Goodwill & intangible assets	$2.2M	$192.4M	$1.9M	$2.1M	$2.3M	$2.5M	$2.7M	$2.9M	$2.7M	$2.9M	$3.0M	$3.2M
Long-term investments	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000	$700,000
Other non-current assets	$62,708	$0	$62,709	$0	$2	$0	$0	$0	$0	$132,203	$132,203	$0
Total assets	$13.1M	$12.3M	$11.8M	$10.4M	$9.9M	$10.9M	$11.5M	$10.6M	$13.8M	$14.6M	$15.1M	$16.2M
Liabilities
Accounts payable	$1.5M	$1.4M	$881.0M	$1.2M	$1.2M	$1.3M	$1.2M	$1.5M	$1.3M	$1.3M	$1.6M	$1.9M
Short-term debt	$358,270	$415,132	$593.0M	$778,240	$761,503	$744,961	$1.0M	$1.3M	$1.1M	$1.2M	$1.3M	$1.3M
Deferred revenue	$570,251	$454,039	$488.6M	$506,289	$509,198	$557,353	$527,438	$503,254	$550,043	$468,472	$185,246	—
Total current liabilities	$3.1M	$3.0M	$2.8M	$3.2M	$3.6M	$9.9M	$9.2M	$8.6M	$7.9M	$6.9M	$6.0M	$4.7M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$1.4M	$2.7M	$0	$0
Lease obligations	$2.2M	$407,811	$593,026	$778,240	$962,738	$1.1M	$1.3M	$98,696	$2.7M	$3.1M	$3.4M	$3.7M
Other long-term liabilities	$1.9M	$0	$0	$0	$201,235	$400,144	$591,583	$0	$1.6M	$1.8M	$2.1M	$2.5M
Total liabilities	$4.9M	$3.0M	$2.8M	$3.2M	$3.8M	$10.3M	$9.8M	$8.6M	$10.8M	$11.5M	$8.1M	$7.2M
Shareholders' equity
Common stock & paid-in capital	$11,119	$10,496	$10,071	$8,917	$8,908	$783	$5,543	$3,939	$3,759	$3,045	$2,961	$2,961
Retained earnings (deficit)	−$181.8M	−$180.6M	−$179.8M	−$179.4M	−$179.1M	−$184.5M	−$183.1M	−$182.1M	−$180.9M	−$180.4M	−$176.4M	−$174.4M
Accumulated other comprehensive income	—	—	—	—	—	—	—	—	−$1,200	−$6,000	$183.4M	$0
Total shareholders' equity	$8.2M	$9.3M	$9.0M	$7.2M	$6.1M	$665,798	$1.8M	$2.0M	$3.0M	$3.1M	$7.0M	$9.0M
Key figures
Total debt	$2.2M	$415,132	$593.0M	$778,240	$962,738	$1.1M	$1.6M	$1.3M	$4.1M	$5.8M	$3.4M	$3.7M
Net cash (debt)	−$93,925	$2.2M	−$589.6M	$1.5M	$96,821	$620,129	$344,848	$1.2M	−$1.7M	−$3.6M	−$1.9M	−$1.9M
Working capital	$4.6M	$5.4M	$5.4M	$3.4M	$2.0M	−$3.7M	−$2.8M	−$2.2M	−$567,610	$473,690	$1.4M	$3.4M
Tangible book value	$6.0M	−$183.1M	$7.1M	$5.1M	$3.8M	−$1.8M	−$916,722	−$926,163	$327,557	$213,441	$4.0M	$5.8M
Book value per share	$0.77	$0.89	$1.00	$0.81	$1.06	$0.09	$0.39	$0.46	$0.84	$1.04	$2.38	$3.05
Shares outstanding	10.6M	10.4M	9.0M	8.9M	5.8M	7.8M	4.6M	4.3M	3.6M	3.0M	3.0M	3.0M
Current ratio	2.50	2.82	2.94	2.05	1.56	0.63	0.69	0.74	0.93	1.07	1.23	1.73
Quick ratio	1.26	1.42	1.62	1.03	0.57	0.29	0.35	0.40	0.42	0.43	0.44	0.65
Debt / equity	0.27	0.04	65.83	0.11	0.16	1.72	0.91	0.65	1.36	1.86	0.48	0.41
Equity / assets	62.5%	75.8%	76.5%	69.3%	61.8%	6.1%	15.4%	18.6%	21.9%	21.2%	46.6%	55.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 19, 2025); data from EODHD.

YCBD financial position

At the end of fiscal 2025 (September 30, 2025), cbdMD had total assets of $10.4 million (down 1.5% from a year earlier), total liabilities of $3.2 million and shareholders' equity of $7.2 million. It held $2.3 million in cash and short-term investments against $778.2 million of debt, net debt of $776.0 million. Its current ratio was 2.05. In the latest quarter (ended June 30, 2026) total assets were $13.1 million and equity $8.2 million.

Related: YCBD income statement, YCBD cash flow statement, YCBD key metrics. See the YCBD stock overview for the latest quote and news.

YCBD balance sheet FAQ

What are cbdMD's total assets?

cbdMD reported total assets of $10.4 million at the end of fiscal 2025 (September 30, 2025), compared with $10.6 million a year earlier.

How much debt does cbdMD have?

cbdMD had $778.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 107.70.

How much cash does cbdMD have?

cbdMD held $2.3 million in cash and short-term investments at the end of fiscal 2025; with $778.2 million of debt that is net debt of $776.0 million.

What is cbdMD's book value?

cbdMD's shareholders' equity (book value) was $7.2 million at the end of fiscal 2025, or $1.80 per share.

What is cbdMD's current ratio?

cbdMD had current assets of $6.6 million and current liabilities of $3.2 million, a current ratio of 2.05 (it can cover its short-term obligations).

How much goodwill does cbdMD have?

cbdMD carried $2.1 million of goodwill and intangible assets, 20.4% of total assets, at the end of fiscal 2025.