The company's financial position is deteriorating, with total assets contracting from $4.6M in 2024Q2 to $1.5M in 2026Q3 and accumulated deficits reaching $43.5M.
| Total Current Assets | 821.98K | 2.43M | 2.6M | 5.48M | 7.73M | 11.06M | 4.38M | 1.11M | 4.33M |
| Cash & Short-Term Investments | 640.71K | 2.33M | 2.07M | 5.36M | 7.16M | 10.71M | 4.09M | 1.01M | 4.27M |
| Cash Only | 640.71K | 2.33M | 2.07M | 5.36M | 7.16M | 10.71M | 4.09M | 1.01M | 4.27M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 18.98K | 6.34K | 30.06K | 15K | 14.54K | 51.12K | 61.12K | 0 | 5K |
| Days Sales Outstanding | 11.45 | 20.95 | 65.75 | 6.48 | 7.62 | 27.66 | 373.38 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 503.49K | 106.68K | 560.08K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 670.39K | 663.24K | 709.61K | 867.41K | 1.15M | 1.41M | 1.32M | 1.06M | 199.71K |
| Property, Plant & Equipment | 20.43K | 39.44K | 64.78K | 88.97K | 87.19K | 100.59K | 45.31K | 89.66K | 95.71K |
| Fixed Asset Turnover | 11.41x | 2.80x | 2.58x | 9.50x | 7.99x | 6.71x | 1.32x | 0.17x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 549.96K | 523.8K | 644.83K | 778.45K | 1.07M | 1.31M | 1.28M | 974.56K | 99K |
| Long-Term Investments | 400K | 100K | 0 | 0 | 0 | 0 | 0 | 0 | 5K |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | -1.32M | 0 | 5K |
| Total Assets | 1.49M | 3.1M | 3.31M | 6.35M | 8.88M | 12.48M | 5.7M | 2.18M | 4.53M |
| Asset Turnover | 0.15x | 0.04x | 0.05x | 0.13x | 0.08x | 0.05x | 0.01x | 0.01x | - |
| Asset Growth % | -93.62% | -6.55% | -47.81% | -28.52% | -28.8% | 118.71% | 162.17% | -51.99% | - |
| Total Current Liabilities | 189.98K | 358.6K | 798.47K | 265.33K | 748.11K | 741.74K | 2.7M | 331.03K | 253.25K |
| Accounts Payable | 18.31K | 25.41K | 48.91K | 70.07K | 122.28K | 139.75K | 112.05K | 207.54K | 0 |
| Days Payables Outstanding | 57.71 | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 2.03M | 0 | 1.06K |
| Deferred Revenue (Current) | 81.5K | 36.74K | 0 | 53.96K | 342.67K | 333.2K | 380K | 0 | -6.33K |
| Other Current Liabilities | 167.7K | 296.44K | 655.27K | 76.8K | 109.09K | 68.88K | 124.64K | 74.85K | 199.25K |
| Current Ratio | 4.33x | 6.79x | 3.26x | 20.66x | 10.33x | 14.92x | 1.62x | 3.36x | 17.11x |
| Quick Ratio | 4.33x | 6.79x | 3.26x | 20.66x | 10.33x | 14.92x | 1.62x | 3.36x | 17.11x |
| Cash Conversion Cycle | -46.25 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 189.98K | 358.6K | 798.47K | 265.33K | 748.11K | 741.74K | 2.7M | 331.03K | 253.25K |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 2.03M | 0 | 1.06K |
| Net Debt | -640.71K | -2.33M | -2.07M | -5.36M | -7.16M | -10.71M | -2.07M | -1.01M | -4.27M |
| Debt / Equity | 0.00x | - | - | - | - | - | 0.68x | - | 0.00x |
| Debt / EBITDA | -0.00x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.24x | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | -716.05x | -2.21x | -38.85x | - | - |
| Total Equity | 1.3M | 2.74M | 2.52M | 6.08M | 8.14M | 11.74M | 3M | 1.84M | 4.28M |
| Equity Growth % | -43.43% | 8.86% | -58.65% | -25.21% | -30.67% | 291.18% | 62.6% | -56.89% | - |
| Book Value per Share | 0.28 | 0.78 | 0.99 | 2.46 | 4.20 | 6.85 | 2.22 | 1.47 | 3.92 |
| Total Shareholders' Equity | 1.3M | 2.74M | 2.52M | 6.08M | 8.14M | 11.74M | 3M | 1.84M | 4.28M |
| Common Stock | 474 | 458 | 255 | 255 | 2.56K | 2.07K | 1.58K | 0 | 1.27K |
| Retained Earnings | -43.5M | -41.45M | -37.83M | -33.43M | -29.28M | -20.22M | -8.63M | -4.46M | -521.57K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital exhaustion and dilution
According to reported quarterly filings, Amesite's total assets have contracted from $4.6M in 2024Q2 to $1.5M by 2026Q3, reflecting a consistent and aggressive depletion of the company's resource base as it fails to generate sufficient revenue to offset ongoing operational expenditures.
The consistent decline in total assets suggests that the company is consuming its primary liquidity to fund persistent operating losses. This trajectory indicates that the business model has yet to achieve the scale necessary to stabilize its financial position, leaving the balance sheet increasingly fragile.
As reported in financial statements, the company's cash position has plummeted from a peak of $3.7M in 2024Q2 to just $640.7K in 2026Q3, signaling a critical reduction in the liquidity buffer available to support ongoing software development and administrative overhead.
While the current ratio of 4.33 appears superficially healthy, it is heavily distorted by the low absolute level of liabilities and the rapid depletion of cash. Investors should monitor this burn rate closely, as the current cash runway appears insufficient to sustain operations without further dilutive financing.
Based on the company's reported figures, retained earnings have deteriorated to a deficit of $43.5M as of 2026Q3, illustrating a long-term pattern of value destruction that has significantly eroded the company's book value and overall equity quality.
The persistent growth of the accumulated deficit highlights the company's inability to convert its proprietary technology into profitable operations. This trend suggests that shareholder equity is being systematically consumed, which may necessitate future capital raises that could further dilute existing ownership stakes.
As evidenced by the balance sheet, goodwill remains a persistent component of total assets at $550.0K, which warrants further investigation given the company's declining revenue and inability to demonstrate a sustainable competitive advantage in the competitive EdTech software market.
The presence of significant goodwill on a balance sheet characterized by shrinking assets and recurring losses suggests a potential risk of future impairment charges. If the company cannot prove the economic viability of its acquisitions or internal developments, these intangible assets may be written down, further weakening the equity base.
Quick answers to the most common questions about buying AMST stock.
As of 2025, Amesite Inc. (AMST) had total assets of $3.1M including $2.4M in current assets.
Amesite Inc. (AMST) carries total debt of $0.0M, offset by $2.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Amesite Inc. (AMST) has total shareholders' equity (book value) of $2.7M ($0.78 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Amesite Inc. (AMST) reported a current ratio of 6.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.