Establishment Labs Holdings (ESTA) Balance Sheet: Assets & Liabilities

Establishment Labs Holdings (ESTA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Establishment Labs Holdings reported total assets of $357.17M and total liabilities of $333.62M. Shareholders' equity was $23.55M, down 55.7% from $53.09M a year earlier. Total debt stood at $259.94M against $75.57M in cash and short-term investments, a net debt position of $184.36M. That puts debt-to-equity at 11.04, compared with 4.19 a year earlier.

Establishment Labs Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Establishment Labs Holdings Inc. (ESTA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	75.57	90.35	40.04	66.36	53.42	84.52	37.66	52.64	10.86
Cash & Short-Term Investments	75.57	90.35	40.04	66.36	53.42	84.52	37.66	52.64	10.86
Accounts Receivable	77.50	65.00	46.92	35.42	24.44	19.13	22.77	17.65	13.11
Inventory	86.00	79.77	79.47	36.58	28.41	23.21	28.66	24.85	13.17
Other Current Assets	11.26	8.92	2.42	1.57	1.77	5.44	6.76	6.06	2.24
Total Current Assets	249.94	243.04	174.90	149.90	113.27	132.30	95.84	99.44	39.38
Non-Current Assets
Property, Plant & Equipment (Net)	79.95	83.59	80.59	54.79	20.86	18.81	16.42	12.91	13.50
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08
Goodwill	1.21	1.21	0.47	0.47	0.47	0.47	0.47	0.47	0.47
Intangible Assets	9.94	11.68	7.99	4.61	4.37	4.15	3.44	3.45	3.40
Other Non-Current Assets	16.12	7.31	4.70	1.29	0.56	0.66	0.37	0.32	0.35
Total Non-Current Assets	107.23	103.79	93.74	61.16	26.26	24.09	20.69	17.14	17.71
Total Assets	357.17	346.83	268.64	211.06	139.53	156.39	116.53	116.57	57.10
Current Liabilities
Accounts Payable	43.11	44.76	41.62	20.03	14.48	9.72	10.37	6.24	9.13
Short-Term Debt	12.41	3.03	0.77	0.69	0.40	0.79	0.26	0.34	24.09
Accrued Liabilities	18.86	16.54	8.24	6.67	6.75	13.20	-	-	-
Deferred Revenue	1.21	1.75	1.84	1.69	0.77	1.21	0.79	0.91	2.33
Other Current Liabilities	20.18	6.98	12.81	1.69	1.18	14.18	11.83	8.96	24.22
Total Current Liabilities	82.14	68.28	57.15	38.96	31.89	25.90	23.24	16.45	57.44
Non-Current Liabilities
Long-Term Debt	247.52	219.58	188.74	175.46	51.91	51.76	48.14	22.32	0.60
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.58	0.00
Other Non-Current Liabilities	1.14	1.68	0.15	-0.04	3.10	1.91	4.19	7.13	4.07
Total Non-Current Liabilities	251.48	225.46	193.10	180.29	56.90	55.53	53.68	30.64	4.67
Total Liabilities	333.62	293.74	250.25	219.25	88.79	81.43	76.92	47.09	62.11
Stockholders' Equity
Common Stock	433.38	420.36	315.63	223.64	219.74	213.47	147.69	145.71	41.27
Retained Earnings	-495.76	-444.69	-360.10	-281.59	-206.39	-165.25	-127.13	-88.98	-67.88
Accumulated Other Comprehensive Income	1.16	3.29	1.96	2.72	3.66	2.87	0.69	0.45	0.08
Treasury Stock	2.85	2.85	2.85	2.85	2.85	-	-	-	-
Additional Paid-in Capital	87.62	74.14	63.75	49.91	36.58	23.86	18.36	12.30	21.52
Shares Outstanding	29.30	28.79	26.09	24.41	24.08	-	-	-	-
Total Stockholders' Equity	23.55	53.10	18.40	-8.19	50.74	74.96	39.61	69.49	-5.01
Total Liabilities & Equity	357.17	346.83	268.64	211.06	139.53	156.39	116.53	116.57	57.10

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Establishment Labs Holdings Balance Sheet

How much debt does Establishment Labs Holdings have?

Establishment Labs Holdings had total debt of $259.94M as of Dec 31, 2025, against $75.57M in cash and short-term investments. Its debt-to-equity ratio was 11.04. Total debt was $222.60M a year earlier.

What are Establishment Labs Holdings's total assets?

Establishment Labs Holdings reported total assets of $357.17M as of Dec 31, 2025, up 3.0% from $346.83M a year earlier. Total liabilities were $333.62M.

What is Establishment Labs Holdings's shareholders' equity?

Establishment Labs Holdings's shareholders' equity was $23.55M as of Dec 31, 2025, or about $0.80 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition