Picard Medical (PMI) Balance Sheet: Assets & Liabilities

Picard Medical (PMI) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Picard Medical reported total assets of $22.55M and total liabilities of $18.76M. Shareholders' equity was $3.79M. Total debt stood at $6.51M against $7.45M in cash and short-term investments, a net cash position of $939.00K. That puts debt-to-equity at 1.72.

Picard Medical 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 Picard Medical, Inc. (PMI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Current Assets
Cash and Cash Equivalents	7.45	0.10	0.24	0.15
Cash & Short-Term Investments	7.45	0.10	0.24	0.15
Accounts Receivable	0.62	0.51	0.63	3.64
Inventory	7.30	8.12	6.89	7.33
Other Current Assets	5.35	1.07	0.88	1.00
Total Current Assets	20.73	9.79	8.76	12.12
Non-Current Assets
Property, Plant & Equipment (Net)	0.70	1.10	1.31	1.93
Goodwill	0.62	0.62	0.62	0.62
Intangible Assets	0.51	0.60	0.68	0.77
Other Non-Current Assets	0.00	0.00	0.00	0.00
Total Non-Current Assets	1.82	2.32	2.61	3.32
Total Assets	22.55	12.11	11.37	15.44
Current Liabilities
Accounts Payable	2.08	5.29	3.08	1.39
Short-Term Debt	6.45	5.15	4.06	0.89
Current Portion of Long-Term Debt	-	14.83	-	-
Accrued Liabilities	1.86	2.86	0.93	0.45
Other Current Liabilities	7.84	6.76	0.06	0.72
Total Current Liabilities	18.70	35.33	9.21	3.00
Non-Current Liabilities
Long-Term Debt	0.06	0.52	4.28	1.07
Other Non-Current Liabilities	0.00	0.00	0.67	0.00
Total Non-Current Liabilities	0.06	0.52	5.71	1.07
Total Liabilities	18.76	35.84	14.93	4.07
Stockholders' Equity
Common Stock	0.01	0.00	0.00	0.00
Retained Earnings	-76.84	-49.84	-28.79	-13.22
Accumulated Other Comprehensive Income	0.23	0.28	0.29	0.40
Additional Paid-in Capital	80.40	5.56	4.68	3.92
Shares Outstanding	1.47	1.44	1.44	1.44
Total Stockholders' Equity	3.79	-23.74	-3.55	11.37
Total Liabilities & Equity	22.55	12.11	11.37	15.44

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

Frequently Asked Questions About Picard Medical Balance Sheet

How much debt does Picard Medical have?

Picard Medical had total debt of $6.51M as of Dec 31, 2025, against $7.45M in cash and short-term investments. Its debt-to-equity ratio was 1.72. Total debt was $5.67M a year earlier.

What are Picard Medical's total assets?

Picard Medical reported total assets of $22.55M as of Dec 31, 2025, up 86.3% from $12.11M a year earlier. Total liabilities were $18.76M.

What is Picard Medical's shareholders' equity?

Picard Medical's shareholders' equity was $3.79M as of Dec 31, 2025, or about $2.57 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