PAVmed (PAVM) Balance Sheet: Assets & Liabilities

PAVmed 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 PAVmed Inc. (PAVM) - 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	Mar 2020	Mar 2019	Dec 2017
Current Assets
Cash and Cash Equivalents	1.54	1.19	19.64	39.74	77.26	17.26	6.22	8.22	1.54
Short-Term Investments	0.00	0.35	2.67	3.01	1.99	0.26	0.00	0.00	0.00
Cash & Short-Term Investments	1.54	1.53	19.64	39.74	77.26	17.52	6.22	8.22	1.54
Accounts Receivable	0.02	0.02	0.06	0.02	0.20	0.00	0.00	0.00	0.00
Inventory	0.24	0.27	0.54	0.26	0.49	0.86	0.00	0.00	0.00
Other Current Assets	0.77	0.96	4.52	4.05	0.03	0.06	0.33	0.22	0.07
Total Current Assets	2.56	2.16	24.50	43.93	82.64	18.94	6.55	8.46	1.62
Non-Current Assets
Property, Plant & Equipment (Net)	2.08	2.65	6.05	5.49	1.59	0.08	0.00	0.04	0.02
Long-Term Investments	34.12	25.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	1.42	3.45	2.03	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.06	0.21	1.15	1.12	0.73	0.76	0.69	0.00	0.00
Total Non-Current Assets	36.26	28.50	8.62	10.05	4.34	0.84	0.69	0.04	0.02
Total Assets	38.81	30.66	33.12	53.98	86.98	19.78	7.24	8.50	1.64
Current Liabilities
Accounts Payable	0.68	0.66	1.79	2.70	3.30	2.97	2.35	1.74	0.86
Short-Term Debt	11.67	29.10	44.20	33.65	0.00	10.06	8.14	7.90	0.00
Current Portion of Long-Term Debt	-	-	-	-	-	10.06	-	-	-
Accrued Liabilities	2.49	5.18	3.34	1.77	1.11	1.97	-	-	-
Deferred Revenue	0.00	656.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	2.49	0.36	0.78	0.01	4.26	0.36	1.39	1.33	1.68
Total Current Liabilities	14.84	35.45	54.18	41.20	7.56	20.25	11.88	10.97	2.54
Non-Current Liabilities
Long-Term Debt	1.68	2.25	2.96	1.85	0.00	0.00	0.00	0.00	1.94
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	1.68	2.25	2.96	1.85	0.00	0.00	10.49	9.64	1.94
Total Liabilities	16.51	37.69	57.14	43.05	7.56	20.25	11.88	10.97	4.49
Stockholders' Equity
Common Stock	0.00	0.00	0.01	0.01	0.09	0.06	0.04	0.03	0.01
Retained Earnings	-258.73	-254.97	-294.43	-228.17	-138.91	-88.28	-53.71	-36.99	-17.91
Accumulated Other Comprehensive Income	0.00	0.00	0.00	-	0.00	0.00	0.00	-2.03	-1.03
Treasury Stock	-	-	-	0.41	-	-	-	-	-
Additional Paid-in Capital	268.02	249.15	237.60	216.20	198.07	87.57	47.55	32.62	14.01
Minority Interest	-11.67	-4.54	29.81	20.62	17.75	-2.37	-0.81	-0.16	0.00
Shares Outstanding	0.93	0.37	0.29	0.21	0.19	-	-	-	-
Total Stockholders' Equity	33.97	-7.03	-53.83	-9.68	61.67	-0.47	-3.82	-2.31	-2.85
Total Liabilities & Equity	38.81	30.66	33.12	53.98	86.98	19.78	7.24	8.50	1.64

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

Frequently Asked Questions About PAVmed Balance Sheet

How much debt does PAVmed have?

PAVmed had total debt of $13.35M as of Dec 31, 2025, against $1.54M in cash and short-term investments. Its debt-to-equity ratio was 0.39. Total debt was $31.35M a year earlier.

What are PAVmed's total assets?

PAVmed reported total assets of $38.81M as of Dec 31, 2025, up 26.6% from $30.66M a year earlier. Total liabilities were $16.51M.

What is PAVmed's shareholders' equity?

PAVmed's shareholders' equity was $33.97M as of Dec 31, 2025, or about $36.61 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