Summit Therapeutics (SMMT) Balance Sheet: Assets & Liabilities

Summit Therapeutics (SMMT) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Summit Therapeutics reported total assets of GBP 557.50M and total liabilities of GBP 68.52M. Shareholders' equity was GBP 488.98M, up 57.4% from GBP 310.64M a year earlier. Total debt stood at GBP 15.50M against GBP 529.49M in cash and short-term investments, a net cash position of GBP 513.99M. That puts debt-to-equity at 0.03, compared with 0.02 a year earlier.

Summit Therapeutics Balance Sheet Analysis

Values in billions GBP

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Summit Therapeutics Inc. (SMMT) - Annual data in billions GBP
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	Jan 2019	Jan 2018
Current Assets
Cash and Cash Equivalents	0.17	0.08	0.07	0.35	0.07	0.05	0.05	0.04	0.03
Short-Term Investments	0.36	0.25	0.11	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	0.53	0.33	0.19	0.35	0.07	0.05	0.05	0.04	0.03
Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.01	0.01	0.00	0.30	0.00	0.01	0.01	0.01	0.02
Total Current Assets	0.53	0.34	0.19	0.66	0.10	0.06	0.06	0.06	0.05
Non-Current Assets
Property, Plant & Equipment (Net)	0.02	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.02
Other Non-Current Assets	0.01	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Assets	0.02	0.01	0.01	0.01	0.02	0.01	0.01	0.02	0.03
Total Assets	0.56	0.35	0.20	0.66	0.11	0.08	0.08	0.08	0.08
Current Liabilities
Accounts Payable	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Short-Term Debt	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	-	-	-	0.02	-	-	-	-	-
Accrued Liabilities	0.05	0.02	0.01	0.02	0.01	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00
Other Current Liabilities	0.04	0.03	0.00	0.00	0.00	0.00	0.01	0.01	0.02
Total Current Liabilities	0.05	0.03	0.02	0.04	0.03	0.01	0.01	0.02	0.03
Non-Current Liabilities
Long-Term Debt	0.01	0.00	0.10	0.49	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01
Total Non-Current Liabilities	0.01	0.00	0.10	0.50	0.00	0.00	0.00	0.01	0.05
Total Liabilities	0.07	0.04	0.13	0.54	0.03	0.02	0.01	0.02	0.08
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-1.70	-0.97	-0.99	-0.38	-0.30	-0.15	-0.12	-0.10	-0.13
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00
Additional Paid-in Capital	2.95	1.60	1.07	0.50	0.38	0.29	0.20	0.15	0.15
Shares Outstanding	0.78	0.74	0.70	0.21	0.10	-	-	-	-
Total Stockholders' Equity	0.49	0.31	0.08	0.13	0.08	0.06	0.06	0.06	0.00
Total Liabilities & Equity	0.75	0.44	0.20	0.66	0.11	0.10	0.08	0.08	0.08

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

Frequently Asked Questions About Summit Therapeutics Balance Sheet

How much debt does Summit Therapeutics have?

Summit Therapeutics had total debt of GBP 15.50M as of Dec 31, 2025, against GBP 529.49M in cash and short-term investments. Its debt-to-equity ratio was 0.03. Total debt was GBP 5.77M a year earlier.

What are Summit Therapeutics's total assets?

Summit Therapeutics reported total assets of GBP 557.50M as of Dec 31, 2025, up 60.2% from GBP 348.05M a year earlier. Total liabilities were GBP 68.52M.

What is Summit Therapeutics's shareholders' equity?

Summit Therapeutics's shareholders' equity was GBP 488.98M as of Dec 31, 2025, or about GBP 0.63 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