The company maintains a healthy liquidity position with a current ratio of 3.66 as of 2026Q3, supported by a conservative debt-to-equity ratio of 0.05.
| Total Current Assets | 11.76M | 9.26M | 7.97M | 7.36M | 803.04K | 1.04M | 893.06K | 693.34K | 586.32K | 613.59K | 694.1K | 694.1K |
| Cash & Short-Term Investments | 5.52M | 4.77M | 3.25M | 4.83M | 373.73K | 496.94K | 409.03K | 346.18K | 227.87K | 416.87K | 369.7K | 369.7K |
| Cash Only | 5.52M | 4.77M | 3.25M | 4.83M | 373.73K | 496.94K | 409.03K | 346.18K | 227.87K | 416.87K | 369.7K | 369.7K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.35M | 1M | 509.83K | 417.02K | 105.92K | 90.88K | 182.2K | 79.59K | 29.99K | 32.7K | 29.07K | 29.07K |
| Days Sales Outstanding | 24.64 | 13.96 | 6.77 | 6.47 | 16.55 | 20.3 | 65.67 | 29.26 | 11.73 | 20.51 | 22.3 | 22.3 |
| Inventory | 3.93M | 2.53M | 3.39M | 1.31M | 323.39K | 450.98K | 288.12K | 264.58K | 324.95K | 145.93K | 179.07K | 179.07K |
| Days Inventory Outstanding | 156.28 | 121.43 | 169.59 | 82.41 | 139.9 | 258.61 | 199.56 | 165.73 | 195.48 | 144.46 | 161.78 | 161.78 |
| Other Current Assets | 958.5K | 947.97K | 809.13K | 801.36K | 0 | 0 | 0 | 0 | 3.5K | 18.09K | 116.27K | 116.27K |
| Total Non-Current Assets | 3.43M | 3.61M | 3.01M | 2.81M | 90.88K | 221.54K | 249.84K | 48.13K | 23.2K | 22.1K | 3.18K | 3.18K |
| Property, Plant & Equipment | 825.09K | 991.38K | 297.7K | 259.31K | 74.6K | 165.39K | 233.56K | 32.8K | 8.35K | 7.25K | 3.18K | 3.18K |
| Fixed Asset Turnover | 31.15x | 26.49x | 92.37x | 90.71x | 31.32x | 9.88x | 4.34x | 30.26x | 111.78x | 80.22x | 149.47x | 149.47x |
| Goodwill | 2.15M | 2.15M | 2.15M | 2.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 427.54K | 403.59K | 309.1K | 382.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 20.72K | 20.72K | 16.89K | 12.2K | 16.28K | 56.15K | 16.28K | 15.32K | 14.85K | 14.85K | 0 | 0 |
| Total Assets | 15.18M | 12.87M | 10.97M | 10.17M | 893.91K | 1.26M | 1.14M | 741.46K | 609.51K | 635.7K | 697.28K | 697.28K |
| Asset Turnover | 1.88x | 2.04x | 2.51x | 2.31x | 2.61x | 1.29x | 0.89x | 1.34x | 1.53x | 0.92x | 0.68x | 0.68x |
| Asset Growth % | 88.16% | 17.27% | 7.92% | 1037.62% | -29.21% | 10.49% | 54.14% | 21.65% | -4.12% | -8.83% | - | - |
| Total Current Liabilities | 3.21M | 2.46M | 2.8M | 2.85M | 707K | 712.41K | 339.8K | 52.18K | 96.17K | 83.21K | 65.24K | 65.24K |
| Accounts Payable | 1.23M | 866.57K | 967.6K | 908.61K | 458.26K | 436.14K | 98.61K | 14.61K | 41.32K | 62.97K | 27.54K | 27.54K |
| Days Payables Outstanding | 65.67 | 41.53 | 48.35 | 57.08 | 198.25 | 250.1 | 68.3 | 9.15 | 24.86 | 62.33 | 24.88 | 24.88 |
| Short-Term Debt | 4.41K | 3.57K | 146.59K | 172.59K | 156.3K | 4.26K | 5K | 3.3K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 3.62M | 824.77K | 1.06M | 1.01M | 16.52K | 106.95K | 128.35K | 16.2K | 16.2K | 20.25K | 0 | 0 |
| Other Current Liabilities | 120.3K | 1.86K | 5.73K | 833 | -22.55K | 0 | 0 | -3.3K | 0 | 0 | 37.7K | 37.7K |
| Current Ratio | 3.66x | 3.76x | 2.85x | 2.58x | 1.14x | 1.46x | 2.63x | 13.29x | 6.10x | 7.37x | 10.64x | 10.64x |
| Quick Ratio | 2.44x | 2.73x | 1.63x | 2.12x | 0.68x | 0.83x | 1.78x | 8.22x | 2.72x | 5.62x | 7.89x | 7.89x |
| Cash Conversion Cycle | 115.26 | 93.85 | 128.01 | 31.8 | -41.8 | 28.81 | 196.93 | 185.84 | 182.35 | 102.64 | 159.21 | 159.21 |
| Total Non-Current Liabilities | 510.78K | 747.26K | 480.53K | 642.69K | 2.2K | 204.71K | 298.5K | 11.91K | 0 | 0 | 0 | 0 |
| Long-Term Debt | 134.05K | 136.66K | 0 | 0 | 2.2K | 157.54K | 166.7K | 11.91K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.31M | 404.67K | 0 | 36.75K | 0 | 47.17K | 131.8K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.72M | 3.21M | 3.28M | 3.5M | 709.2K | 917.12K | 638.3K | 64.09K | 96.17K | 83.21K | 65.24K | 65.24K |
| Total Debt | 597.03K | 757.44K | 183.35K | 275.16K | 205.67K | 293.6K | 375.4K | 15.21K | 0 | 0 | 0 | 0 |
| Net Debt | -4.92M | -4.01M | -3.07M | -4.56M | -168.06K | -203.34K | -33.63K | -330.97K | -227.87K | -416.87K | -369.7K | -369.7K |
| Debt / Equity | 0.05x | 0.08x | 0.02x | 0.04x | 1.11x | 0.85x | 0.74x | 0.02x | - | - | - | - |
| Debt / EBITDA | 0.33x | 0.58x | 0.11x | 0.13x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -2.71x | -3.06x | -1.88x | -2.19x | - | - | - | - | - | - | - | - |
| Interest Coverage | 703.98x | 336.77x | 406.95x | 816.35x | -26.98x | -47.99x | -97.61x | -317.42x | -88.86x | -934.38x | -10.81x | -10.91x |
| Total Equity | 11.46M | 9.66M | 7.7M | 6.67M | 184.71K | 345.65K | 504.6K | 677.37K | 513.35K | 552.48K | 632.04K | 632.04K |
| Equity Growth % | 99.09% | 25.52% | 15.35% | 3512.09% | -46.56% | -31.5% | -25.51% | 31.95% | -7.08% | -12.59% | - | - |
| Book Value per Share | 1.39 | 1.18 | 0.48 | 0.37 | 0.09 | 0.17 | 0.24 | 0.33 | 0.25 | 0.27 | 0.31 | 0.31 |
| Total Shareholders' Equity | 11.46M | 9.66M | 7.7M | 6.67M | 184.71K | 345.65K | 504.6K | 677.37K | 513.35K | 552.48K | 632.04K | 632.04K |
| Common Stock | 682 | 666 | 591 | 11.71K | 4.2K | 4.2K | 4.13K | 4.13K | 4.05K | 3.97K | 3.81K | 3.81K |
| Retained Earnings | 1.96M | 720.72K | -134.27K | -3.47M | -5.29M | -5.11M | -4.81M | -4.64M | -4.49M | -4.15M | -3.61M | -3.61M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | -11.71K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High customer acquisition costs
According to recent financial statements, AXIL's total assets have grown from $11.0 million in 2024Q4 to $15.2 million by 2026Q3, reflecting a strategic accumulation of resources as the company pivots its focus toward the hearing technology segment while maintaining a relatively clean balance sheet structure.
The expansion of the asset base appears to be driven by increased investment in inventory and potentially capitalized costs associated with the brand pivot. Investors should monitor whether this asset growth translates into improved revenue velocity, as the current trajectory suggests a capital-intensive transition phase.
As reported in quarterly filings, AXIL maintains a current ratio of 3.66 as of 2026Q3, providing a substantial liquidity buffer that appears adequate to support ongoing marketing-heavy operations despite the inherent volatility in the company's working capital cycles and recent revenue contraction trends.
The company's cash position of $5.5 million relative to its current liabilities suggests a low immediate risk of insolvency. However, the reliance on high marketing spend to drive sales means that liquidity could tighten rapidly if customer acquisition costs continue to escalate without a corresponding increase in lifetime value.
Based on the provided balance sheet data, AXIL's equity has increased to $11.5 million in 2026Q3, though this growth is partially supported by non-cash stock-based compensation, which warrants investigation regarding the potential for future shareholder dilution and the true economic cost of the company's human capital.
The accumulation of retained earnings, which turned positive at $2.0 million in 2026Q3, suggests a nascent improvement in cumulative profitability. Nevertheless, the reliance on equity-based incentives to manage cash burn may mask the underlying operational challenges of the business model.
As disclosed in historical balance sheets, AXIL carries $2.2 million in goodwill, a figure that has remained static since 2024Q2, potentially exposing the company to future impairment risks if the rebranding to AXIL Brands fails to generate the anticipated long-term economic benefits in the hearing technology market.
The stability of this intangible asset value during a period of revenue contraction suggests that management's assessment of brand value may be optimistic. Investors should monitor for potential write-downs, as any impairment would directly impact the company's book value and signal a failure of the strategic pivot.
Quick answers to the most common questions about buying AXIL stock.
As of 2025, AXIL Brands, Inc. (AXIL) had total assets of $12.9M including $9.3M in current assets.
AXIL Brands, Inc. (AXIL) carries total debt of $0.8M, offset by $4.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AXIL Brands, Inc. (AXIL) has total shareholders' equity (book value) of $9.7M ($1.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AXIL Brands, Inc. (AXIL) reported a current ratio of 3.76x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.