The company's capital structure appears severely compromised, evidenced by a cumulative retained earnings deficit of $674.1M and a current ratio of 0.82 as of 2026Q1.
| Total Current Assets | 32.2M | 29.47M | 35M | 346K | 9.17M | 7.56M | 6.94M |
| Cash & Short-Term Investments | 15.52M | 6.22M | 7.18M | 5K | 61K | 705K | 379K |
| Cash Only | 10.52M | 6.22M | 7.18M | 5K | 61K | 705K | 379K |
| Short-Term Investments | 5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 13.86M | 20.29M | 26.31M | 266K | 106K | 4.22M | 3.8M |
| Days Sales Outstanding | 315.73 | 298.13 | 766.17 | - | - | 38.49 | 40.91 |
| Inventory | 0 | 0 | 0 | 0 | 366K | 1.1M | 1.63M |
| Days Inventory Outstanding | - | - | - | - | - | 12.93 | 23.76 |
| Other Current Assets | 601K | 586K | 0 | 0 | 8.25M | 105K | 0 |
| Total Non-Current Assets | 927.5M | 1.19B | 47.44M | 18.14M | 37.58M | 7.61M | 17.41M |
| Property, Plant & Equipment | 120K | 130K | 1.29M | 0 | 8M | 5.78M | 3.19M |
| Fixed Asset Turnover | 184.20x | 191.08x | 9.71x | - | - | 6.92x | 10.62x |
| Goodwill | 12.3M | 12.3M | 11.71M | 0 | 0 | 0 | 0 |
| Intangible Assets | 22.15M | 23.04M | 34.43M | 17.85M | 19.3M | 268K | 13.99M |
| Long-Term Investments | 0 | 0 | 0 | 286K | 315K | 0 | 0 |
| Other Non-Current Assets | 722.35M | 1.07B | 0 | 9K | 9.98M | 1.56M | 231K |
| Total Assets | 959.7M | 1.22B | 82.44M | 18.49M | 46.76M | 15.16M | 24.35M |
| Asset Turnover | 0.02x | 0.02x | 0.15x | - | - | 2.64x | 1.39x |
| Asset Growth % | 4624.99% | 1379.27% | 345.91% | -60.46% | 208.32% | -37.72% | - |
| Total Current Liabilities | 39.08M | 51.4M | 40.94M | 5.91M | 23.94M | 19.37M | 20.6M |
| Accounts Payable | 3.26M | 5.1M | 3.23M | 2.27M | 2.28M | 5.07M | 4.7M |
| Days Payables Outstanding | 109.6 | 127.1 | 189.05 | - | - | 59.41 | 68.53 |
| Short-Term Debt | 4.94M | 6.51M | 1.38M | 0 | 274K | 1.55M | 4.04M |
| Deferred Revenue (Current) | 4.93M | 1.2M | 155K | 0 | 290K | 17K | 292K |
| Other Current Liabilities | 1.78M | 2.89M | 204K | 37K | 18.46M | 926K | 604K |
| Current Ratio | 0.82x | 0.57x | 0.85x | 0.06x | 0.38x | 0.39x | 0.34x |
| Quick Ratio | 0.82x | 0.57x | 0.85x | 0.06x | 0.37x | 0.33x | 0.26x |
| Cash Conversion Cycle | 206.14 | - | - | - | - | -7.99 | -3.85 |
| Total Non-Current Liabilities | 27.38M | 12.71M | 16.69M | 15.89M | 20.51M | 4.47M | 1.39M |
| Long-Term Debt | 23.44M | 8.75M | 11.57M | 707K | 1.94M | 1.32M | 0 |
| Capital Lease Obligations | 406K | 107K | 113K | 0 | 3.82M | 2.47M | 1.39M |
| Deferred Tax Liabilities | 17.74M | 0 | 1.04M | 639K | 195K | 0 | 0 |
| Other Non-Current Liabilities | 3.86M | 3.86M | 3.96M | 14.54M | 14.56M | 680K | 0 |
| Total Liabilities | 66.46M | 64.11M | 57.63M | 21.8M | 44.45M | 23.84M | 21.98M |
| Total Debt | 28.49M | 15.37M | 13.07M | 707K | 7.67M | 6.64M | 6.63M |
| Net Debt | 17.97M | 9.14M | 5.89M | 702K | 7.61M | 5.94M | 6.25M |
| Debt / Equity | 0.03x | 0.01x | 0.53x | - | 3.32x | - | 2.80x |
| Debt / EBITDA | -1.36x | - | - | - | - | 7.01x | - |
| Net Debt / EBITDA | -0.86x | - | - | - | - | 6.27x | - |
| Interest Coverage | -15.11x | - | -9.56x | - | -6.44x | -2.93x | -16.71x |
| Total Equity | 893.24M | 1.16B | 24.81M | -3.31M | 2.31M | -8.68M | 2.37M |
| Equity Growth % | 15604.43% | 4556.59% | 850.03% | -243.39% | 126.59% | -466.69% | - |
| Book Value per Share | 7.04 | 19.82 | 2.23 | -0.74 | 0.73 | -3.26 | 1.28 |
| Total Shareholders' Equity | 889.74M | 1.15B | 20.89M | -3.31M | 2.31M | -8.68M | 2.37M |
| Common Stock | 126K | 126K | 9K | 3K | 2K | 2K | 2K |
| Retained Earnings | -674.12M | -402.71M | -56.88M | -50.63M | -42.82M | -53.8M | -36.92M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.77M | -6.31M | -2.32M | 0 | -621K | -617K | -588K |
| Minority Interest | 3.5M | 3.5M | 3.92M | 0 | 0 | 0 | 0 |
Liquidity and Solvency Constraints
According to recent financial statements, ALTS's total assets surged from $18.6M in 2024Q1 to $959.7M by 2026Q1, yet this rapid expansion appears disconnected from core operational performance, as evidenced by the concurrent accumulation of a massive $674.1M deficit in retained earnings over the same period.
The dramatic increase in total assets suggests a significant shift in the company's balance sheet composition, likely driven by non-organic growth or accounting reclassifications rather than operational success. Investors should monitor whether these assets represent high-quality, liquid holdings or if they are largely comprised of intangible assets that may be subject to future impairment.
Based on reported figures, the company's current ratio has consistently hovered below 1.0, reaching 0.82 in 2026Q1, which indicates that ALTS lacks sufficient liquid assets to cover its short-term obligations without relying on external financing or further asset liquidation to maintain basic operational continuity.
The persistent inability to maintain a current ratio above unity suggests a structural liquidity mismatch that leaves the firm highly vulnerable to market volatility. Given the company's history of cash burn, this narrow buffer implies that any disruption in transaction volume could rapidly escalate into a solvency crisis.
As reported in financial filings, the company's equity base has been severely compromised by a cumulative retained earnings deficit of $674.1M as of 2026Q1, signaling that historical losses have effectively consumed the capital base and necessitated frequent reliance on dilutive financing to sustain operations.
The negative trajectory of retained earnings highlights a fundamental failure to generate sustainable shareholder value through core business activities. This erosion of equity quality suggests that the company's valuation may be increasingly detached from its underlying book value, warranting extreme caution regarding future dilution risks.
Analysis of the balance sheet reveals that while total assets have grown to $959.7M, the presence of $12.3M in goodwill and minimal net PPE suggests that the company's value is heavily reliant on intangible assets, which may be prone to significant impairment in a downturn.
The reliance on intangible assets rather than tangible infrastructure makes the balance sheet highly sensitive to management's subjective valuation assumptions. Investors should investigate the nature of these assets, as they may not provide the necessary collateral or cash-generative capacity to support the company's long-term debt obligations.
Quick answers to the most common questions about buying ALTS stock.
As of 2025, ALT5 Sigma Corporation (ALTS) had total assets of $1.22B including $29.5M in current assets.
ALT5 Sigma Corporation (ALTS) carries total debt of $15.4M, offset by $6.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ALT5 Sigma Corporation (ALTS) has total shareholders' equity (book value) of $1.15B ($19.82 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ALT5 Sigma Corporation (ALTS) reported a current ratio of 0.57x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.