The balance sheet remains vulnerable with $31.4M in goodwill, representing a significant portion of the $86.7M total assets that may be subject to future impairment risks.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Current Assets | 26.09M | 25.74M | 24.8M | 23.24M | 34.65M | 35.56M | 44.82M | 31M | 26.07M | 8.93M | 8.44M | 10.89M | 4.58M | 1.79M | 1.67M | 1.77M |
| Cash & Short-Term Investments | 3.85M | 3.12M | 5.14M | 3.33M | 12.3M | 9.34M | 20.93M | 19.99M | 14.47M | 4.36M | 3.48M | 8.04M | 1.05M | 497.94K | 268.32K | 408.42K |
| Cash Only | 3.85M | 3.12M | 5.14M | 3.33M | 12.3M | 9.34M | 20.93M | 19.99M | 14.47M | 4.36M | 3.48M | 8.04M | 1.05M | 497.94K | 268.32K | 408.42K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 18.74M | 18.73M | 17.12M | 17M | 19.17M | 21.73M | 16.19M | 9.39M | 9.94M | 3.88M | 4.33M | 2.21M | 3.03M | 1.03M | 1.02M | 938.21K |
| Days Sales Outstanding | 54.6 | 56.72 | 56.39 | 53 | 50.41 | 56.82 | 56.23 | 53.2 | 71.78 | 44.51 | 64.54 | 34.98 | 60.46 | 36.01 | 37.26 | 33.94 |
| Inventory | 432K | 507K | 574K | 465K | 381K | 503K | 399K | 491K | 444.44K | 662.82K | 0 | 621.49K | 315.9K | 41.83K | 123.63K | 76.04K |
| Days Inventory Outstanding | 2.22 | 2.87 | 3.44 | 2.4 | 1.65 | 2.11 | 2.25 | 4.35 | 5.19 | 13.68 | - | 19.5 | 10.84 | 3.57 | 10.6 | 6.16 |
| Other Current Assets | 180K | 3.39M | 1.96M | 2.45M | 16K | 1.01M | 13K | 0 | 25.2K | 13.2K | 13.2K | 13.2K | 13.2K | 220.05K | 445.21K | 423.26K |
| Total Non-Current Assets | 60.63M | 61.86M | 46.81M | 54.58M | 101.52M | 105.29M | 93.18M | 25.4M | 21.55M | 16.6M | 19.88M | 15.79M | 18.52M | 3.98M | 1.82M | 1.07M |
| Property, Plant & Equipment | 12.12M | 10.88M | 8.42M | 9.68M | 9.98M | 12.34M | 12.66M | 6.43M | 1.83M | 1.39M | 1.59M | 1.37M | 1.44M | 505.34K | 480.99K | 605.63K |
| Fixed Asset Turnover | 12.12x | 11.07x | 13.16x | 12.09x | 13.91x | 11.31x | 8.30x | 10.02x | 27.59x | 22.96x | 15.41x | 16.82x | 12.67x | 20.72x | 20.83x | 16.66x |
| Goodwill | 31.43M | 31.44M | 19.19M | 19.19M | 61.19M | 61.19M | 49.29M | 12.63M | 12.59M | 12.26M | 12.18M | 8.97M | 8.56M | 344K | 0 | 0 |
| Intangible Assets | 16.5M | 18.97M | 18.7M | 25.07M | 29.52M | 30.78M | 29.98M | 5.98M | 6.63M | 2.51M | 5.83M | 5.38M | 8.38M | 1.53M | 1.08M | 266.72K |
| Long-Term Investments | 0 | 0 | 0 | 0 | -1.03M | -765K | -718K | 0 | -353.74K | 0 | -493.27K | -483.89K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 573K | 569K | 507K | 641K | 838K | 981K | 1.25M | 356K | 489.7K | 436.71K | 282.71K | 66.98K | 140.05K | 1.35M | 50.33K | 72.28K |
| Total Assets | 86.72M | 87.6M | 71.61M | 77.83M | 136.17M | 140.85M | 138M | 56.4M | 47.62M | 25.53M | 28.32M | 26.68M | 23.11M | 5.77M | 3.48M | 2.84M |
| Asset Turnover | 1.46x | 1.38x | 1.55x | 1.50x | 1.02x | 0.99x | 0.76x | 1.14x | 1.06x | 1.25x | 0.86x | 0.87x | 0.79x | 1.81x | 2.88x | 3.56x |
| Asset Growth % | 70.01% | 22.32% | -7.98% | -42.85% | -3.32% | 2.06% | 144.67% | 18.43% | 86.57% | -9.88% | 6.17% | 15.45% | 300.29% | 65.67% | 22.77% | - |
| Total Current Liabilities | 23.46M | 24.42M | 19.58M | 23.3M | 22.4M | 29.56M | 29.02M | 11.18M | 8.16M | 4.32M | 15.86M | 5.76M | 8.14M | 3.41M | 2.17M | 1.49M |
| Accounts Payable | 5.51M | 6.94M | 4.57M | 5.8M | 5.68M | 5.95M | 6.46M | 3.49M | 2.44M | 991.86K | 1.91M | 370.44K | 1.08M | 200.47K | 245.6K | 104.44K |
| Days Payables Outstanding | 25.12 | 39.28 | 27.39 | 29.88 | 24.56 | 24.98 | 36.38 | 30.94 | 28.48 | 20.48 | 51.83 | 11.63 | 37.14 | 17.12 | 21.06 | 8.46 |
| Short-Term Debt | 2.1M | 1.66M | 310K | 292K | 319K | 344K | 401K | 284K | 277.78K | 168.72K | 9.85M | 3.08M | 2.28M | 1.93M | 1.27M | 500.89K |
| Deferred Revenue (Current) | 14.39M | 4.15M | 1.21M | 1.38M | 1.39M | 1.08M | 1.17M | 20K | 25.36K | 62.1K | 41.67K | 73.52K | 37.51K | 56.69K | 55.86K | 60.71K |
| Other Current Liabilities | 7.63M | 11.02M | 1.82M | 3.44M | 8.49M | 13.04M | 12.74M | 1.84M | 3.69M | 1.96M | 2.61M | 1.6M | 3.89M | 1M | 427.11K | 605.55K |
| Current Ratio | 1.11x | 1.05x | 1.27x | 1.00x | 1.55x | 1.20x | 1.54x | 2.77x | 3.20x | 2.07x | 0.53x | 1.89x | 0.56x | 0.52x | 0.77x | 1.19x |
| Quick Ratio | 1.09x | 1.03x | 1.24x | 0.98x | 1.53x | 1.19x | 1.53x | 2.73x | 3.14x | 1.91x | 0.53x | 1.78x | 0.52x | 0.51x | 0.71x | 1.14x |
| Cash Conversion Cycle | 31.7 | 20.31 | 32.45 | 25.51 | 27.5 | 33.95 | 22.09 | 26.62 | 48.49 | 37.72 | - | 42.86 | 34.16 | 22.46 | 26.8 | 31.64 |
| Total Non-Current Liabilities | 4.93M | 3.67M | 2.26M | 12.81M | 12.09M | 13.36M | 7.73M | 2.39M | 595.06K | 953.23K | 5.4M | 6.03M | 642.54K | 2.25M | 905.79K | 987.54K |
| Long-Term Debt | 250K | 441K | 26K | 10.04M | 8.01M | 8.02M | 41K | 83K | 222.4K | 120.9K | 4.2M | 4.9M | 48.56K | 1.63M | 329.81K | 414.03K |
| Capital Lease Obligations | 9.04M | 2.19M | 1.85M | 2.52M | 3.21M | 4.54M | 6.3M | 2.04M | 0 | 0 | 0 | 0 | 0 | -1.09M | 0 | 0 |
| Deferred Tax Liabilities | 966K | 966K | 0 | 0 | 525K | 449K | 1.09M | 244K | 164.35K | 372.07K | 345.53K | 171.27K | 3.31M | 519K | 1.17M | 168.55K |
| Other Non-Current Liabilities | 400K | -734K | 0 | 0 | 0 | 0 | 0 | 0 | 189.37K | 431.64K | 827.26K | 916.54K | 0 | -480.86K | 511.24K | 0 |
| Total Liabilities | 28.39M | 28.09M | 21.84M | 36.11M | 34.48M | 42.92M | 36.75M | 13.56M | 8.75M | 5.28M | 21.26M | 11.78M | 8.79M | 5.65M | 3.08M | 2.48M |
| Total Debt | 5.74M | 4.28M | 3.47M | 14.73M | 13.81M | 16.87M | 11.47M | 4.1M | 500.18K | 289.62K | 14.05M | 7.98M | 2.33M | 3.56M | 1.6M | 914.92K |
| Net Debt | 1.89M | 1.17M | -1.68M | 11.4M | 1.51M | 7.53M | -9.46M | -15.9M | -13.97M | -4.07M | 10.57M | -54.62K | 1.28M | 3.07M | 1.33M | 506.51K |
| Debt / Equity | 0.10x | 0.07x | 0.07x | 0.35x | 0.14x | 0.17x | 0.11x | 0.10x | 0.01x | 0.01x | 1.99x | 0.54x | 0.16x | 30.08x | 3.93x | 2.54x |
| Debt / EBITDA | 0.20x | 0.15x | 0.14x | - | 0.64x | 0.85x | 2.41x | 0.92x | 1.59x | - | - | 56.89x | - | 4.34x | 2.28x | 0.80x |
| Net Debt / EBITDA | 0.07x | 0.04x | -0.07x | - | 0.07x | 0.38x | -1.99x | -3.55x | -44.50x | - | - | -0.39x | - | 3.74x | 1.89x | 0.44x |
| Interest Coverage | 36.61x | 39.32x | 9.90x | -40.07x | 14.85x | 7.58x | -16.85x | 0.17x | -5.54x | -3.15x | -11.61x | -14.77x | -22.62x | 0.79x | 2.21x | 12.22x |
| Total Equity | 58.33M | 59.51M | 49.77M | 41.72M | 101.69M | 97.93M | 101.25M | 42.84M | 38.87M | 20.25M | 7.07M | 14.89M | 14.32M | 118.5K | 406.08K | 359.67K |
| Equity Growth % | 81.17% | 19.55% | 19.31% | -58.98% | 3.84% | -3.27% | 136.35% | 10.2% | 91.95% | 186.56% | -52.55% | 3.99% | 11985.2% | -70.82% | 12.9% | - |
| Book Value per Share | 1.37 | 0.16 | 3.08 | 2.66 | 6.73 | 6.73 | 7.99 | 3.54 | 3.32 | 1.84 | 0.70 | 1.53 | 2.02 | 0.01 | 0.04 | 0.03 |
| Total Shareholders' Equity | 58.33M | 59.51M | 49.77M | 41.72M | 101.69M | 97.93M | 101.25M | 42.84M | 38.87M | 20.25M | 7.07M | 14.89M | 14.32M | 118.5K | 406.08K | 359.67K |
| Common Stock | 43K | 43K | 17K | 17K | 16K | 16K | 14K | 13K | 12.57K | 12.27K | 10.79K | 10.35K | 9.71K | 5.1K | 590 | 590 |
| Retained Earnings | -54.91M | -55.83M | -66.63M | -74.48M | -25.62M | -31.05M | -33.89M | -25.08M | -24.2M | -23.51M | -17.94M | -9.15M | -4.46M | 49.12K | 227.12K | 110.12K |
| Treasury Stock | -662K | -662K | -662K | -662K | -662K | -662K | -662K | -662K | -662K | -662K | -662K | -122.03K | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.91M | -3.98M | -4M | -3.87M | -3.04M | -1.75M | -1M | -843K | -1.42M | -721.07K | -376.09K | -398.98K | -208.96K | -187.35K | -77.77K | -7.18K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Thin liquidity and dilution
As reported in financial statements, CareCloud's total assets have fluctuated between $70.7M and $90.6M over the last ten quarters, reflecting a lack of consistent capital accumulation that suggests the company's underlying business trajectory remains highly sensitive to its historical reliance on inorganic acquisition-driven growth strategies.
The volatility in total assets, coupled with persistent negative retained earnings, indicates that the company has struggled to build a durable equity base. Investors should monitor whether the recent stabilization in asset levels signals a shift toward organic growth or merely a pause in the company's historical roll-up activity.
Based on reported figures, CareCloud maintains a low debt-to-equity ratio of 0.10% as of 2026Q1, yet this headline metric may be misleading as it fails to account for the potential cash-flow burden of preferred equity instruments often utilized in the company's capital allocation strategy.
While the nominal debt load appears manageable, the company's reliance on non-debt financing vehicles warrants further investigation into the total cost of capital. The reduction in debt from $14.7M in 2023Q4 to $5.7M in 2026Q1 suggests a deleveraging effort, though this may be constrained by the company's limited cash position.
According to recent SEC filings, goodwill accounts for approximately $31.4M of the company's $86.7M total assets, representing a significant portion of the balance sheet that may be vulnerable to impairment if the integrated clinical and financial platform fails to meet long-term performance expectations.
The high concentration of intangible assets relative to total assets suggests that the company's value is heavily tied to the successful technical integration of acquired legacy systems. Any failure to realize expected synergies from these acquisitions could necessitate significant write-downs, further pressuring the company's already strained equity position.
As indicated by the quarterly balance sheet data, CareCloud's cash reserves of $3.9M in 2026Q1 provide a thin buffer against operational shocks, especially when compared to the company's historical working capital requirements and the ongoing costs associated with its offshore-heavy service delivery model.
With a current ratio hovering near 1.11, the company appears to have minimal room for error in managing its short-term obligations. This tight liquidity position may limit management's ability to fund organic growth initiatives or respond to unexpected regulatory changes without resorting to further dilutive financing.
Based on reported figures, the company's accumulated deficit of $54.9M as of 2026Q1 highlights a persistent inability to generate retained earnings, which suggests that the headline equity value may be heavily supported by external capital injections rather than organic value creation from core operations.
The reliance on external funding to offset recurring losses raises questions about the long-term sustainability of the current business model. Investors should be wary that the reported equity base may not reflect the true economic health of the firm, given the potential for ongoing dilution to support operations.
Quick answers to the most common questions about buying CCLD stock.
As of 2025, CareCloud, Inc. (CCLD) had total assets of $87.6M including $25.7M in current assets.
CareCloud, Inc. (CCLD) carries total debt of $4.3M, offset by $3.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CareCloud, Inc. (CCLD) has total shareholders' equity (book value) of $59.5M ($0.16 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CareCloud, Inc. (CCLD) reported a current ratio of 1.05x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.