The firm has rapidly scaled its balance sheet, with total assets increasing from $12.4B in 2023Q4 to $22.2B in 2026Q1, while maintaining a debt-to-equity ratio of 0.47.
| Total Current Assets | 185.69M | 3.73B | 1.44B | 1.05B | 1.04B | 1.05B | 1.97B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1.97B |
| Total Non-Current Assets | 22.04B | 19.49B | 10.47B | 10.33B | 8.15B | 7.55B | 0 |
| Property, Plant & Equipment | 245.99M | 245.29M | 130.31M | 120.72M | 90.88M | 90.87M | 172.68M |
| Fixed Asset Turnover | 4.64x | 3.10x | 4.94x | 5.02x | 4.82x | 5.07x | -3.73x |
| Goodwill | 355.27M | 351.61M | 241.22M | 241.22M | 160.43M | 160.43M | 0 |
| Intangible Assets | 181.23M | 189.56M | 17.46M | 24.21M | 1.78M | 2.28M | 34.82M |
| Long-Term Investments | 65.73B | 17.78B | 9.65B | 9.52B | 7.55B | 7.06B | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - |
| Total Assets | 22.23B | 23.22B | 11.91B | 11.38B | 9.19B | 8.6B | 12.87B |
| Asset Turnover | 0.05x | 0.03x | 0.05x | 0.05x | 0.05x | 0.05x | -0.05x |
| Asset Growth % | 282.86% | 95.04% | 4.6% | 23.91% | 6.78% | -33.17% | - |
| Total Current Liabilities | 14.35M | 20.06B | 10.26B | 8.55B | 6.72B | 7.21B | 7.91B |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - |
| Short-Term Debt | 14.35M | 544.45M | 1.36B | 0 | 0 | 0 | 407.37M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 19.51B | 8.9B | 8.55B | 6.52B | 7.05B | 7.5B |
| Current Ratio | 12.94x | 0.19x | 0.14x | 0.12x | 0.15x | 0.15x | 0.25x |
| Quick Ratio | 12.94x | 0.19x | 0.14x | 0.12x | 0.15x | 0.15x | 0.25x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 19.71B | 665.21M | 423.78M | 1.64B | 1.48B | 398.92M | 0 |
| Long-Term Debt | 1.07B | 243.91M | 161.88M | 1.38B | 1.43B | 357.32M | 176.16M |
| Capital Lease Obligations | 0 | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - |
| Total Liabilities | 19.72B | 20.72B | 10.68B | 10.18B | 8.19B | 7.61B | 11.68B |
| Total Debt | 1.17B | 879.07M | 1.56B | 1.41B | 1.45B | 377.83M | 645.91M |
| Net Debt | 979.63M | -1.16B | 1.02B | 1.28B | 1.07B | 50.09M | 645.91M |
| Debt / Equity | 0.47x | 0.35x | 1.28x | 1.18x | 1.46x | 0.38x | 0.54x |
| Debt / EBITDA | 9.70x | 6.69x | 18.09x | 16.24x | 11.77x | 2.36x | - |
| Net Debt / EBITDA | 8.16x | -8.85x | 11.80x | 14.70x | 8.66x | 0.31x | - |
| Interest Coverage | 0.31x | 0.37x | 0.30x | 0.38x | 2.67x | 3.93x | -5.73x |
| Total Equity | 2.5B | 2.5B | 1.22B | 1.2B | 992.13M | 995.34M | 1.19B |
| Equity Growth % | 307.17% | 104.27% | 1.94% | 20.82% | -0.32% | -16.2% | - |
| Book Value per Share | 29.85 | 28.46 | 14.29 | 13.78 | 10.80 | 10.04 | 11.81 |
| Total Shareholders' Equity | 2.5B | 2.5B | 1.22B | 1.2B | 992.13M | 995.34M | 1.19B |
| Common Stock | 896K | 896K | 970K | 970K | 852K | 852K | 528K |
| Retained Earnings | 504.98M | 485.86M | 458.94M | 438.72M | 412.02M | 342.64M | -233.34M |
| Treasury Stock | -142.66M | -142.58M | -87.68M | -90.91M | -94.87M | -84.72M | -31.28M |
| Accumulated OCI | -31.41M | -20M | -52.88M | -52.8M | -61.95M | -110K | 24.63M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Extreme cash balance volatility
As reported in financial statements, Beacon Financial Corp. has seen total assets surge from $12.4B in 2023Q4 to $22.2B by 2026Q1, reflecting a rapid scaling of the balance sheet that appears to be driven by aggressive asset accumulation rather than steady organic growth.
The significant jump in asset size suggests the firm is in a high-growth phase, yet the accompanying volatility in cash levels warrants caution regarding the sustainability of this trajectory. Investors should monitor whether this expansion is being funded by sustainable client inflows or temporary balance sheet fluctuations.
Based on the provided quarterly data, BBT's cash position has fluctuated wildly from $0 in early 2024 to a peak of $3.7B in 2025Q4, indicating that the firm's liquidity buffer is subject to massive, potentially non-recurring shifts that complicate standard liquidity analysis.
While the current cash position appears robust, the rapid drawdown to $185.7M in 2026Q1 suggests that the firm's liquidity is highly sensitive to operational or client-driven outflows. This lack of stability in cash reserves may indicate that a significant portion of these balances are transient client funds rather than permanent corporate capital.
According to recent SEC filings, BBT has successfully transitioned from a negative retained earnings position of -$33.1M in 2023Q4 to a positive $505.0M by 2026Q1, signaling a fundamental improvement in the firm's internal capital generation capabilities over the observed period.
The consistent growth in retained earnings suggests that the firm is successfully retaining profits to bolster its equity base, which provides a necessary cushion against the volatility observed in other balance sheet items. This trend appears to be a positive indicator of long-term value creation, provided the firm can maintain this profitability trajectory.
As reported in financial statements, BBT's goodwill has increased from $19.7M in 2023Q4 to $355.3M in 2026Q1, representing a significant portion of the equity base that may mask underlying risks related to the valuation of past acquisitions.
The rapid rise in intangible assets suggests that the firm's growth is partially fueled by inorganic expansion, which introduces potential impairment risks if the acquired businesses fail to meet performance expectations. Analysts should scrutinize whether these goodwill figures are supported by the current earnings power of the integrated advisory units.
Quick answers to the most common questions about buying BBT stock.
As of 2025, Beacon Financial Corp. (BBT) had total assets of $23.22B including $3.73B in current assets.
Beacon Financial Corp. (BBT) carries total debt of $879.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Beacon Financial Corp. (BBT) has total shareholders' equity (book value) of $2.50B ($28.46 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Beacon Financial Corp. (BBT) reported a current ratio of 0.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.