The company's financial stability is compromised by an accumulated deficit of $430.6 million and a heavy reliance on intangible assets, which comprise $27.3 million of the $250.1 million total asset base.
| Total Current Assets | 106.27M | 142.87M | 6.44M | 4.08M | 11.13M | 19.11M | 11.12M |
| Cash & Short-Term Investments | 2.21M | 2M | 3.33M | 411K | 2.9M | 13.11M | 7.42M |
| Cash Only | 2.21M | 2M | 3.33M | 411K | 2.9M | 13.11M | 7.42M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.37M | 32.59M | 349K | 294K | 273K | 214K | 85K |
| Days Sales Outstanding | 85.78 | 304.34 | 47.64 | 51.52 | 29.61 | 11.94 | 12.91 |
| Inventory | 717K | 636K | 1.62M | 2.74M | 7.07M | 4.78M | 2.71M |
| Days Inventory Outstanding | 14.35 | 9.94 | 256.99 | 180.33 | 868.87 | 373.04 | 499.96 |
| Other Current Assets | 100.98M | 99.88M | 1.14M | 641K | 890K | 1M | 908K |
| Total Non-Current Assets | 143.84M | 131.83M | 94.19M | 740K | 322K | 286K | 183K |
| Property, Plant & Equipment | 1.2M | 606K | 58K | 709K | 174K | 162K | 142K |
| Fixed Asset Turnover | 49.94x | 64.50x | 46.10x | 2.94x | 19.34x | 40.38x | 16.93x |
| Goodwill | 27.29M | 19.14M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 102.62M | 101.77M | 92.58M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 10.37M | 4.3M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 10.98M | 6.02M | 1.55M | 31K | 148K | 124K | 41K |
| Total Assets | 250.11M | 274.7M | 100.63M | 4.82M | 11.45M | 19.39M | 11.3M |
| Asset Turnover | 0.20x | 0.14x | 0.03x | 0.43x | 0.29x | 0.34x | 0.21x |
| Asset Growth % | 2999.13% | 173% | 1986.36% | -57.89% | -40.94% | 71.62% | - |
| Total Current Liabilities | 23.02M | 26.88M | 4.11M | 3.64M | 3.67M | 2.96M | 2.28M |
| Accounts Payable | 7.05M | 10.83M | 2.78M | 2.32M | 2.04M | 1.55M | 672K |
| Days Payables Outstanding | 104.1 | 169.26 | 441.4 | 152.85 | 250.95 | 120.89 | 124.07 |
| Short-Term Debt | 0 | 4.95M | 106K | 0 | 0 | 0 | 179K |
| Deferred Revenue (Current) | 5.04M | 1.88M | 171K | 19K | 44K | 0 | 373K |
| Other Current Liabilities | 15.97M | 3.45M | 217K | 538K | 136K | 444K | 322K |
| Current Ratio | 4.62x | 5.32x | 1.57x | 1.12x | 3.03x | 6.44x | 4.87x |
| Quick Ratio | 4.58x | 5.29x | 1.17x | 0.37x | 1.11x | 4.83x | 3.68x |
| Cash Conversion Cycle | -3.97 | 145.02 | -136.77 | 78.99 | 647.53 | 264.09 | 388.8 |
| Total Non-Current Liabilities | 7.06M | 9.85M | 10.79M | 6.1M | 9.77M | 49K | 1.1M |
| Long-Term Debt | 3.38M | 5.92M | 9.57M | 0 | 457K | 0 | 668K |
| Capital Lease Obligations | 648K | 0 | 0 | 636K | 0 | 41K | 39K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.68M | 3.93M | 1.22M | 5.46M | 9.32M | 8K | 395K |
| Total Liabilities | 30.09M | 36.73M | 14.9M | 9.73M | 13.45M | 3.01M | 3.39M |
| Total Debt | 3.38M | 11.51M | 9.68M | 636K | 626K | 41K | 886K |
| Net Debt | 1.18M | 9.5M | 6.34M | 225K | -2.27M | -13.07M | -6.53M |
| Debt / Equity | 0.02x | 0.05x | 0.11x | - | - | 0.00x | 0.11x |
| Debt / EBITDA | -0.08x | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.03x | - | - | - | - | - | - |
| Interest Coverage | -3.76x | -1.63x | -16.62x | -23.02x | -20.09x | -1279.00x | -8.09x |
| Total Equity | 220.03M | 237.97M | 85.73M | -4.91M | -2M | 16.38M | 7.91M |
| Equity Growth % | 3615.72% | 177.6% | 1845.95% | -145.99% | -112.19% | 106.96% | - |
| Book Value per Share | 0.38 | 1.56 | 20.42 | -1.41 | -0.90 | 264.11 | 302.30 |
| Total Shareholders' Equity | 220.03M | 237.97M | 85.73M | -4.91M | -2M | 16.38M | 7.91M |
| Common Stock | 63K | 59K | 5K | 7K | 7K | 2K | 1K |
| Retained Earnings | -430.58M | -377.44M | -298.45M | -247.04M | -228.32M | -212.2M | -200.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall risk
As reported in recent financial statements, DVLT's cash reserves have dwindled to just $2.2 million as of 2026Q1, a precarious position that appears insufficient to sustain the company's aggressive operational burn rate and suggests a high probability of near-term external financing requirements to maintain basic business continuity.
The current liquidity profile is concerning given the company's history of erratic cash balances and negative net margins. Investors should monitor the current ratio closely, as the recent spike to 4.62 may be driven by temporary working capital fluctuations rather than a sustainable improvement in liquid asset availability.
Based on the provided balance sheet data, DVLT's asset base is heavily concentrated in goodwill and intangible assets, which accounted for $27.3 million of the $250.1 million total assets in 2026Q1, indicating a business model that relies more on acquired intellectual property than tangible productive infrastructure.
The reliance on goodwill and intangible assets warrants further investigation, as these items are subject to impairment risk if the company's data valuation methodology fails to gain institutional traction. The minimal investment in net PPE suggests that the firm remains an asset-light service provider, which limits its ability to use physical collateral for debt financing.
According to the latest quarterly filings, DVLT's equity position has been severely eroded by a massive accumulated deficit of $430.6 million, a trend that suggests the company is effectively consuming shareholder capital to fund its rapid, yet unprofitable, expansion into the data monetization and AI services market.
The negative retained earnings trajectory highlights the persistent destruction of shareholder value despite the reported top-line growth. This pattern suggests that the company's current equity structure may be unsustainable without a fundamental shift toward positive unit economics or a significant reduction in stock-based compensation expenses.
As evidenced by the company's financial disclosures, the significant volatility in goodwill—which swung from $0 in 2024Q3 to $116.7 million in 2025Q3—suggests that the balance sheet may be subject to aggressive accounting adjustments that could mask underlying operational weaknesses or potential future impairment charges for investors.
The dramatic shifts in intangible asset valuations appear to be a non-obvious risk factor that could lead to sudden balance sheet write-downs. Analysts should remain skeptical of these figures, as they may not reflect the true economic value of the company's proprietary data valuation engine in a competitive market.
Quick answers to the most common questions about buying DVLT stock.
As of 2025, Datavault AI Inc. (DVLT) had total assets of $274.7M including $142.9M in current assets.
Datavault AI Inc. (DVLT) carries total debt of $11.5M, offset by $2.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Datavault AI Inc. (DVLT) has total shareholders' equity (book value) of $238.0M ($1.56 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Datavault AI Inc. (DVLT) reported a current ratio of 5.32x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.