The company's financial flexibility has deteriorated significantly, with the current ratio falling from 6.55 in 2023Q4 to 1.66 by 2026Q1, reflecting increased vulnerability.
| Total Current Assets | 55.1B | 76.78M | 94.75M | 78.34M | 82.38M | 94.26M | 46.97M | 15.58M | 144.98K | 479.73K | 3.71M |
| Cash & Short-Term Investments | 31.01B | 50.84M | 71.53M | 72.82M | 81.17M | 92.89M | 424.22K | 8.44M | 133.73K | 427.95K | 2.52M |
| Cash Only | 4.29B | 11.84M | 59.24M | 16.32M | 11.17M | 92.89M | 424.22K | 8.44M | 133.73K | 427.95K | 2.52M |
| Short-Term Investments | 26.72B | 39M | 12.28M | 56.5M | 70M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.75B | 25.6M | 19.05M | 529.37K | 750.14K | 389.04K | 271.14K | 629.39K | 1.53M | 0 | 730.46K |
| Days Sales Outstanding | 165.38 | 1.17K | 765.78 | 25.24 | 43.1 | 28.65 | 30.82 | 8.81 | 27.16 | - | 13.42 |
| Inventory | 0 | 0 | 0 | 326.61K | 0 | 0 | 10.73M | 3.65M | 0 | -536.73K | 0 |
| Days Inventory Outstanding | - | - | - | 24.86 | - | - | 1.37K | 119.75 | - | - | - |
| Other Current Assets | 21.34B | 335.72K | 472K | 4.17M | 459.27K | 984.78K | 34.64M | 1.78M | 0 | 18.68K | 0 |
| Total Non-Current Assets | 12.96B | 13M | 17.94M | 33.68M | 15.35M | 11.54M | 14.93M | 55.74M | 141.31M | 138.98M | 34.52M |
| Property, Plant & Equipment | 1B | 1.04B | 7.37M | 9.25M | 9.85M | 6.14M | 9.28M | 20.55M | 21.44M | 8.78M | 2.14M |
| Fixed Asset Turnover | 3.03x | 0.01x | 1.23x | 0.83x | 0.64x | 0.81x | 0.35x | 1.27x | 0.96x | 1.56x | 9.27x |
| Goodwill | 2.25B | 2.25B | 2.8M | 12.73M | 0 | 0 | 0 | 4.08M | 4.08M | 4.08M | 4.08M |
| Intangible Assets | 1.83B | 1.91B | 5.17M | 6.3M | 72.6K | 26.83K | 30.82K | 14.79M | 17.23M | 20.28M | 23.11M |
| Long-Term Investments | 8.55M | 3.05M | 0 | 0 | 0 | 5M | 0 | 4.64M | 500K | 138.98M | 0 |
| Other Non-Current Assets | 7.87B | -5.19B | 2.61M | 5.39M | 10.43M | 5.38M | 5.63M | 11.67M | 141.31M | 138.98M | 5.19M |
| Total Assets | 68.06B | 89.78M | 113.24M | 112.02M | 97.73M | 105.8M | 61.9M | 71.32M | 141.45M | 139.46M | 38.23M |
| Asset Turnover | 0.09x | 0.09x | 0.08x | 0.07x | 0.07x | 0.05x | 0.05x | 0.37x | 0.15x | 0.10x | 0.52x |
| Asset Growth % | 57592.76% | -20.72% | 1.09% | 14.62% | -7.63% | 70.93% | -13.21% | -49.58% | 1.43% | 264.76% | - |
| Total Current Liabilities | 33.1B | 49.59B | 30.48M | 11.95M | 3.3M | 5.25M | 25.66M | 24.63M | 985.06K | 134.05K | 6.2M |
| Accounts Payable | 7.63B | 7.02M | 1.32M | 371.83K | 317.56K | 341.16K | 901.35K | 208.75K | 161.85K | 48.33K | 714.38K |
| Days Payables Outstanding | 121.85K | 357.43 | 75.71 | 28.3 | 22.71 | 30.56 | 114.92 | 6.85 | 3.69 | 1.43 | 18.14 |
| Short-Term Debt | 1.71B | 1.69B | 25.76M | 9.23M | 0 | 0 | 3.96M | 13.83M | 350K | 10.11M | 0 |
| Deferred Revenue (Current) | 310.55M | 218.28M | 656.38K | 103.75K | 108.43K | 141.82K | 57.02K | 3.86M | 472.77K | -10.11M | 0 |
| Other Current Liabilities | 31.3B | 47.66B | 269.27K | 655.56K | 98.57K | 2.56M | 18.98M | 1.41M | 438 | -10.06M | 3.83M |
| Current Ratio | 1.66x | 0.00x | 3.11x | 6.55x | 24.97x | 17.96x | 1.83x | 0.63x | 0.15x | 3.58x | 0.60x |
| Quick Ratio | 1.66x | 0.00x | 3.11x | 6.53x | 24.97x | 17.96x | 1.41x | 0.48x | 0.15x | 7.58x | 0.60x |
| Cash Conversion Cycle | -121.68K | - | - | 21.8 | - | - | 1.28K | 121.71 | - | - | - |
| Total Non-Current Liabilities | 2.11B | 2.54B | 5.23M | 6.66M | 6.53M | 1.91M | 2.83M | 2.47M | 1.38M | 25.01M | 1.63M |
| Long-Term Debt | 1.98B | 2.41B | 0 | 0 | 0 | 0 | 946.25K | 0 | 0 | 0 | 1.47M |
| Capital Lease Obligations | 8.35M | 2.41M | 4.01M | 5.56M | 6.53M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 269.5M | 134.08M | 1.23M | 1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 1.1M | 0 | 1.91M | 1.89M | 2.47M | 0 | 0 | 160.05K |
| Total Liabilities | 35.21B | 52.13B | 35.71M | 18.61M | 9.83M | 7.16M | 28.49M | 27.1M | 985.06K | 134.05K | 7.83M |
| Total Debt | 3.68B | 31.36M | 31.36M | 16.27M | 7.75M | 0 | 4.91M | 13.83M | 350K | 33.48M | 1.47M |
| Net Debt | -607.06M | 19.51M | -27.89M | -47.19K | -3.41M | -92.89M | 4.48M | 5.39M | 216.27K | 33.05M | -1.05M |
| Debt / Equity | 0.11x | 0.83x | 0.40x | 0.17x | 0.09x | - | 0.15x | 0.31x | 0.00x | 0.24x | 0.05x |
| Debt / EBITDA | -1.15x | - | - | - | - | - | - | - | 0.06x | 8.21x | - |
| Net Debt / EBITDA | 0.19x | - | - | - | - | - | - | - | 0.04x | 8.11x | - |
| Interest Coverage | - | - | - | - | - | -58.69x | -7.25x | -13.29x | -7.33x | - | - |
| Total Equity | 32.85B | 37.65M | 77.53M | 93.41M | 87.9M | 98.65M | 33.41M | 44.22M | 140.47M | 139.33M | 30.41M |
| Equity Growth % | 44852.56% | -51.44% | -17% | 6.26% | -10.89% | 195.3% | -24.46% | -68.52% | 0.82% | 358.2% | - |
| Book Value per Share | 527.30 | 0.95 | 2.08 | 2.51 | 2.25 | 2.53 | 1.16 | 2.74 | 32.21 | 31.94 | 1.72 |
| Total Shareholders' Equity | 29.87B | 34.76M | 73.01M | 82.75M | 87.9M | 98.65M | 33.41M | 44.22M | 140.47M | 139.33M | 30.41M |
| Common Stock | 654K | 4K | 4.64K | 3.91K | 3.91K | 3.91K | 3.85K | 2.32K | 135.47M | 134.33M | 30.41M |
| Retained Earnings | -168.32B | -163.13M | -130.43M | -113.67M | -110.24M | -99.41M | -162.28M | -117.22M | 1.23M | 93.15K | 0 |
| Treasury Stock | 0 | -2.69M | -2.69M | -2.69M | -610.56K | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 883.29M | 573.02K | 180K | 433.56K | 219.68K | 269.61K | 190.97K | 136.18K | 138.86K | 0 | 0 |
| Minority Interest | 2.98B | 2.89M | 4.52M | 10.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Rapid capital erosion
As reported in recent financial statements, AGAE's total assets plummeted from $113.2 million in 2024Q4 to $89.8 million by 2025Q4, signaling a rapid contraction in the company's resource base that reflects the ongoing inability to stabilize operations or generate meaningful returns on its remaining capital.
The consistent decline in total assets suggests that the company is consuming its capital base to fund persistent operating losses rather than reinvesting for growth. Investors should monitor whether this trajectory leads to a critical depletion of resources that could force management into dilutive financing or asset fire sales.
Based on the latest quarterly filings, AGAE's current ratio has deteriorated to 0.00 in 2025Q4, down from a peak of 6.55 in 2023Q4, indicating a significant loss of short-term financial flexibility and an increasing vulnerability to immediate operational cash requirements or unforeseen liabilities.
The collapse in the current ratio suggests that the company's ability to cover short-term obligations has been severely compromised. This lack of liquidity buffer implies that any further operational setbacks could necessitate immediate external capital, which may be difficult to secure given the company's negative profitability profile.
According to the company's balance sheet data, retained earnings have deepened to a deficit of $163.1 million as of 2025Q4, illustrating a persistent destruction of shareholder value that stems from the company's inability to achieve a sustainable business model despite its historical cash-rich position.
The accumulation of massive retained earnings deficits highlights the long-term failure of the current strategy to convert capital into profitable operations. This trend suggests that the equity base is being systematically eroded, leaving little room for error in future strategic pivots.
Analysis of recent SEC filings reveals that AGAE's balance sheet is heavily distorted by significant goodwill and intangible assets, which, when combined with the rapid decline in cash reserves, suggests that the company's net asset value may be significantly overstated relative to its true liquidation potential.
The presence of substantial goodwill on a balance sheet characterized by declining revenue and negative margins warrants further investigation into potential impairment risks. If these intangible assets are written down, the company's already strained equity position would face further downward pressure, potentially signaling a more precarious financial state than headline figures suggest.
Quick answers to the most common questions about buying AGAE stock.
As of 2025, Allied Gaming & Entertainment Inc. (AGAE) had total assets of $89.8M including $76.8M in current assets.
Allied Gaming & Entertainment Inc. (AGAE) carries total debt of $31.4M, offset by $50.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Allied Gaming & Entertainment Inc. (AGAE) has total shareholders' equity (book value) of $34.8M ($0.95 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Allied Gaming & Entertainment Inc. (AGAE) reported a current ratio of 0.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.