The company's financial foundation has eroded significantly, with total assets falling to $138.8M and a concerning current ratio of 0.52, signaling potential insolvency.
| Total Current Assets | 53.68M | 8M | 32.55M | 82.87M | 240.28M | 13.87M | 13.8M | 591.85K | 47.72K |
| Cash & Short-Term Investments | 1.87M | 5.33M | 148K | 23.39M | 211.86M | 21.3K | 3.26K | 389.36K | 47.72K |
| Cash Only | 1.87M | 5.33M | 148K | 23.39M | 211.86M | 21.3K | 3.26K | 389.36K | 47.72K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 15.95M | 28.12M | 19.04M | 53.69M | 11.99M | 6.46M | 0 | 0 | 0 |
| Days Sales Outstanding | 288.17 | 10.8K | 579.31 | 524.94 | - | - | - | - | - |
| Inventory | 2.69M | 267K | 2.42M | 8.24M | 2.11M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 180.63 | 49.77 | 94.82 | 57.63 | - | - | - | - | - |
| Other Current Assets | 32.73M | -27.32M | 1.15M | -15.71M | 2.69M | 7.38M | 13.64M | 202.49K | 0 |
| Total Non-Current Assets | 85.14M | 444K | 8.91M | 83.38M | 109.93M | 33.48K | 48.66K | 138.83M | 97.5K |
| Property, Plant & Equipment | 14.19M | 430K | 8.88M | 12.43M | 7.03M | 33.48K | 46.05K | 0 | 0 |
| Fixed Asset Turnover | 2.11x | 2.21x | 1.35x | 3.00x | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 33K | 14K | 28K | 35K | 6.57K | 0 | 2.62K | 0 | 0 |
| Long-Term Investments | 50.29M | 0 | 0 | 70.92M | 2.89M | 2.72K | 0 | 138.83M | 0 |
| Other Non-Current Assets | 55M | 0 | 0 | 0 | 100M | -2.72K | 0 | 0 | 97.5K |
| Total Assets | 138.82M | 8.44M | 41.47M | 166.25M | 350.21M | 13.9M | 13.85M | 139.42M | 145.22K |
| Asset Turnover | 0.14x | 0.11x | 0.29x | 0.22x | - | - | - | - | - |
| Asset Growth % | 3484.88% | -79.64% | -75.06% | -52.53% | 2419.52% | 0.35% | -90.07% | 95903.92% | - |
| Total Current Liabilities | 103.78M | 124.56M | 103.23M | 98.24M | 63.13M | 69.39M | 221.88M | 38.36K | 135.05K |
| Accounts Payable | 20.58M | 29.3M | 25.31M | 25.11M | 4.96M | 8.11M | 7.67M | 0 | 0 |
| Days Payables Outstanding | 203.71 | 5.46K | 990.4 | 175.62 | - | - | - | - | - |
| Short-Term Debt | 12.45M | 27.14M | 13.59M | 15.03M | 17.31M | 32.29M | 23.26M | 0 | 100K |
| Deferred Revenue (Current) | 1.05M | 0 | 85K | 384K | 0 | 34.13M | 22.54M | 0 | 0 |
| Other Current Liabilities | 135K | 59.98M | 45.59M | 54.34M | 23.69M | 2.78M | 168.4M | 38.36K | 35.05K |
| Current Ratio | 0.52x | 0.06x | 0.32x | 0.84x | 3.81x | 0.20x | 0.06x | 15.43x | 0.35x |
| Quick Ratio | 0.49x | 0.06x | 0.29x | 0.76x | 3.77x | 0.20x | 0.06x | 15.43x | 0.35x |
| Cash Conversion Cycle | 265.08 | 5.39K | -316.26 | 406.95 | - | - | - | - | - |
| Total Non-Current Liabilities | 7.13M | 0 | 4.8M | 7.08M | 8.84M | 402.5K | 0 | 402.5K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 24.92M | 0 | 4.8M | 7.08M | 3.92M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1K | 0 | 0 | 0 | 4.92M | -402.5K | 0 | 0 | 0 |
| Total Liabilities | 110.91M | 124.56M | 108.03M | 105.32M | 71.97M | 69.39M | 221.88M | 440.86K | 135.05K |
| Total Debt | 23.52M | 27.14M | 20.64M | 22.11M | 22.78M | 25.39M | 23.26M | 0 | 100K |
| Net Debt | 21.66M | 21.81M | 20.5M | -1.28M | -189.08M | 25.37M | 23.26M | -389.36K | 52.28K |
| Debt / Equity | 0.84x | - | - | 0.36x | 0.08x | - | - | - | 9.83x |
| Debt / EBITDA | -0.19x | - | - | - | - | - | - | - | 0.62x |
| Net Debt / EBITDA | -0.18x | - | - | - | - | - | - | - | 0.32x |
| Interest Coverage | -7.27x | -16.02x | -4.38x | -7.02x | -1116.41x | -5.60x | -8.17x | - | - |
| Total Equity | 27.91M | -116.11M | -66.57M | 60.93M | 278.23M | -55.49M | -208.03M | 138.98M | 10.17K |
| Equity Growth % | 203.68% | -74.43% | -209.24% | -78.1% | 601.43% | 73.33% | -249.68% | 1366179.62% | - |
| Book Value per Share | 1.91 | -7.35 | -4.56 | 4.25 | 22.63 | -3.89 | -14.57 | 9.73 | 0.00 |
| Total Shareholders' Equity | 32.2M | -111.79M | -62.6M | 64.75M | 280.8M | -52.54M | -195.41M | 138.98M | 10.17K |
| Common Stock | 30K | 37K | 30K | 30K | 28.62K | 33.52K | 33.52K | 138.44M | 25K |
| Retained Earnings | -596.72M | -904.39M | -737.05M | -564.51M | -292.23M | -251.52M | -239.13M | 536.22K | -14.83K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.64M | -5.67M | -4.11M | -4.29M | -2.59M | -10.04M | -5.27M | 0 | 0 |
| Minority Interest | -4.29M | -4.33M | -3.97M | -3.82M | -2.57M | -2.95M | -12.62M | 0 | 0 |
Imminent liquidity and solvency risk
As reported in recent financial filings, Robo.ai's total assets have plummeted from a peak of $350.2 million in 2022 to just $138.8 million by 2024Q2, signaling a severe contraction in the company's resource base and a weakening of its overall financial position over the last two years.
The consistent decline in total assets alongside a ballooning accumulated deficit suggests that the company is consuming its capital base to fund ongoing operating losses rather than investing in productive capacity. This trajectory indicates that the business model is currently unable to sustain its own asset base, necessitating a fundamental shift in strategy to avoid further erosion.
Based on the most recent quarterly data, Robo.ai's cash reserves have dwindled to a precarious $1.9 million, a figure that appears insufficient to support the company's ongoing operational requirements given the current ratio of 0.52, which highlights a significant inability to meet short-term obligations.
The sharp decline in cash from $211.9 million in 2022 to current levels suggests that the company has exhausted its primary liquidity buffers. Investors should monitor the company's ability to secure emergency financing, as the current liquidity profile indicates a high risk of insolvency without immediate capital intervention.
According to reported balance sheet figures, Robo.ai's debt-to-equity ratio has climbed to 0.84 as of 2024Q2, reflecting a concerning trend where the company's reliance on debt is increasing precisely as its equity base continues to shrink due to persistent, large-scale net losses.
While the absolute debt level remains relatively stable, the rising D/E ratio suggests that the company's capital structure is becoming increasingly fragile. This leverage appears to be a necessity-driven attempt to bridge funding gaps rather than a strategic choice, which may limit future financing flexibility.
As evidenced by the balance sheet, Robo.ai's net PPE has increased to $14.2 million, yet this investment appears disconnected from revenue generation, as the company's asset-heavy approach has failed to produce meaningful commercial output or offset the rapid depletion of its liquid cash reserves.
The concentration of assets in PPE, despite the lack of commercial scale, suggests that the company is struggling with unabsorbed manufacturing overheads. This asset mix warrants further investigation to determine if these investments are truly viable or if they represent sunk costs in a stalled production strategy.
Quick answers to the most common questions about buying AIIO stock.
As of 2025, Robo.ai Inc. (AIIO) had total assets of $8.4M including $8.0M in current assets.
Robo.ai Inc. (AIIO) carries total debt of $27.1M, offset by $5.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Robo.ai Inc. (AIIO) has total shareholders' equity (book value) of $-111.8M ($-7.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Robo.ai Inc. (AIIO) reported a current ratio of 0.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.