Emergent BioSolutions Inc. (EBS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 637.6M | 662.5M | 786.9M | 719.5M | 706.8M | 598.7M | 661.4M | 654.5M | 682.4M | 679.5M | 711.4M | 747.4M | 1.19B | 1.21B | 1.08B | 1.08B | 1.1B | 1.27B | 1.07B | 1.12B |
| Cash & Short-Term Investments | 160.3M | 205.4M | 245.5M | 271M | 149.1M | 105.6M | 149.9M | 69.7M | 79M | 111.7M | 87.8M | 88.6M | 430.2M | 642.6M | 241M | 358.1M | 436M | 576.3M | 404M | 447.7M |
| Cash Only | 160.3M | 205.4M | 245.5M | 271M | 149.1M | 105.6M | 149.9M | 69.7M | 79M | 111.7M | 87.8M | 88.6M | 430.2M | 642.6M | 241M | 358.1M | 435.8M | 576.3M | 404M | 447.7M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 121.6M | 84.2M | 149.5M | 79.8M | 203.7M | 154.5M | 121.3M | 196.3M | 233.5M | 191M | 216.5M | 290.1M | 155.9M | 159.2M | 191.3M | 175M | 181.8M | 278.9M | 254.6M | 261.9M |
| Days Sales Outstanding | 59.33 | 72.29 | 45.64 | 91.55 | 72.54 | 65.16 | 49.73 | 76.78 | 64.3 | 67.77 | 86.15 | 60.06 | 86.3 | 48.83 | 70.24 | 67.67 | 67.42 | 33.93 | 72.22 | 51.09 |
| Inventory | 327.6M | 343.4M | 356.3M | 338.6M | 314M | 311.7M | 322.7M | 317.5M | 333.4M | 328.9M | 354.1M | 354.3M | 367.9M | 350.7M | 546.3M | 425.5M | 400.7M | 344.5M | 364.6M | 386.4M |
| Days Inventory Outstanding | 341.19 | 315.24 | 313.39 | 356.03 | 266.38 | 501.42 | 227.23 | 92.49 | 188.81 | 292.53 | 182.97 | 153.19 | 171.46 | 191.12 | 236.77 | 170.18 | 166.17 | 110.35 | 129.77 | 130.38 |
| Other Current Assets | 28.1M | 29.5M | 35.6M | 30.1M | 40M | 26.9M | 6.5M | 35M | 37M | 47.9M | 53M | 14.4M | 240.2M | 57.9M | 106M | 200K | 2.2M | 70.2M | 50.3M | 26.4M |
| Total Non-Current Assets | 682.8M | 656.1M | 674.1M | 697.6M | 719.3M | 798.2M | 816.4M | 859M | 1.12B | 1.16B | 1.18B | 1.43B | 1.76B | 1.96B | 1.82B | 1.65B | 1.68B | 1.69B | 1.79B | 1.79B |
| Property, Plant & Equipment | 199.4M | 205.4M | 209.8M | 223.8M | 221M | 282.3M | 290.5M | 319.9M | 394.7M | 399M | 412.5M | 411.2M | 732.3M | 837M | 827.2M | 798.4M | 834.4M | 828.4M | 797.1M | 773.1M |
| Fixed Asset Turnover | 0.77x | 0.72x | 1.07x | 0.63x | 0.88x | 0.68x | 0.96x | 0.71x | 0.76x | 0.68x | 0.66x | 0.59x | 0.21x | 0.40x | 0.30x | 0.29x | 0.37x | 0.89x | 0.42x | 0.53x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 218.2M | 218.2M | 218.2M | 224.9M | 224.9M | 224.9M | 224.9M | 266.5M | 266.6M |
| Intangible Assets | 470.4M | 436.5M | 452.7M | 469M | 485.2M | 501.5M | 517.8M | 534.1M | 550.4M | 566.6M | 582.8M | 592.8M | 608.9M | 728.8M | 722.7M | 576.6M | 590.6M | 604.6M | 618.6M | 633.1M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.3M | 0 | 0 | 0 |
| Other Non-Current Assets | 13M | 14.2M | 11.6M | 4.8M | 13.1M | 7.2M | 8.1M | 5M | 176.1M | 178.1M | 186.4M | 209.2M | 196.2M | 171.9M | 49.1M | 51.3M | 27.9M | 29.9M | 111.8M | 120M |
| Total Assets | 1.32B | 1.32B | 1.46B | 1.42B | 1.43B | 1.4B | 1.48B | 1.51B | 1.8B | 1.83B | 1.89B | 2.18B | 2.95B | 3.17B | 2.91B | 2.74B | 2.78B | 2.96B | 2.87B | 2.92B |
| Asset Turnover | 0.12x | 0.11x | 0.16x | 0.10x | 0.16x | 0.14x | 0.20x | 0.15x | 0.17x | 0.15x | 0.13x | 0.13x | 0.05x | 0.11x | 0.09x | 0.09x | 0.11x | 0.25x | 0.11x | 0.14x |
| Asset Growth % | -7.41% | -5.61% | -1.14% | -6.37% | -20.93% | -23.87% | -21.94% | -30.54% | -38.86% | -42.05% | -34.91% | -20.35% | 6.09% | 7.05% | 1.43% | -6.17% | -4.13% | 2.58% | 9.6% | 18.21% |
| Total Current Liabilities | 148.7M | 132.2M | 136.5M | 127.1M | 111.9M | 162.4M | 229.9M | 619.7M | 630.2M | 651.3M | 664M | 693.2M | 1.22B | 1.23B | 268.4M | 276.7M | 249.2M | 374M | 365.4M | 377.8M |
| Accounts Payable | 39.5M | 55.6M | 57.4M | 63.7M | 58.1M | 60.9M | 82.1M | 95.9M | 100.2M | 112.2M | 112.7M | 108.3M | 124.2M | 103.5M | 103.8M | 106.2M | 107.3M | 128.9M | 135.2M | 151.8M |
| Days Payables Outstanding | 48.36 | 50.91 | 54.61 | 66.45 | 50.66 | 113.02 | 63.18 | 27.87 | 60.55 | 96.33 | 57.08 | 49.32 | 54.33 | 44.17 | 51.17 | 43.98 | 52.67 | 41.1 | 49.59 | 48.34 |
| Short-Term Debt | 0 | 0 | 0 | 1.8M | 0 | 2.7M | 800K | 415.2M | 462.5M | 417.2M | 417.1M | 458.8M | 954.1M | 963.1M | 26.9M | 31.6M | 31.6M | 37.4M | 37.3M | 34.5M |
| Deferred Revenue (Current) | 12.2M | 0 | 0 | 4.9M | 0 | 4.8M | 0 | 0 | 5.5M | 27.2M | 22.9M | 14.3M | 12.8M | 26.4M | 24.8M | 0 | 0 | 11.7M | 36.8M | 54.5M |
| Other Current Liabilities | 30M | 76.6M | 65.2M | 25.2M | 40.6M | 37.9M | 64.9M | 21.6M | 20M | 20.6M | 28.8M | 42.2M | 67.8M | 48.6M | 30.4M | 98.6M | 18.8M | 107.3M | 82.7M | 73.8M |
| Current Ratio | 4.29x | 5.01x | 5.76x | 5.66x | 6.32x | 3.69x | 2.88x | 1.06x | 1.08x | 1.04x | 1.07x | 1.08x | 0.98x | 0.98x | 4.04x | 3.92x | 4.42x | 3.40x | 2.94x | 2.97x |
| Quick Ratio | 2.08x | 2.41x | 3.15x | 3.00x | 3.51x | 1.77x | 1.47x | 0.54x | 0.55x | 0.54x | 0.54x | 0.57x | 0.68x | 0.70x | 2.01x | 2.38x | 2.81x | 2.47x | 1.94x | 1.95x |
| Cash Conversion Cycle | 352.16 | 336.63 | 304.41 | 381.13 | 288.26 | 453.55 | 213.78 | 141.41 | 192.56 | 263.98 | 212.04 | 163.93 | 203.43 | 195.78 | 255.84 | 193.87 | 180.92 | 103.18 | 152.4 | 133.12 |
| Total Non-Current Liabilities | 648.6M | 663.8M | 742M | 753.8M | 761.5M | 751.7M | 739.5M | 507.5M | 509.5M | 534.3M | 531.9M | 529.3M | 531.5M | 549.7M | 1.19B | 945.5M | 955.9M | 972.2M | 979.4M | 993.7M |
| Long-Term Debt | 573.6M | 572.1M | 663.1M | 667.8M | 665.7M | 663.7M | 661.8M | 447M | 446.7M | 446.5M | 448.2M | 448M | 447.7M | 448.5M | 1.03B | 793.6M | 801.5M | 809.4M | 817.3M | 825.2M |
| Capital Lease Obligations | 0 | 0 | 0 | 6.5M | 0 | 9.7M | 10.7M | 11.5M | 13M | 13.8M | 14.6M | 13.1M | 13M | 14.8M | 15.8M | 0 | 22.6M | 24.2M | 24.5M | 25.9M |
| Deferred Tax Liabilities | 33.3M | 37.8M | 36.3M | 46.5M | 60.4M | 48.9M | 0 | 0 | 34.8M | 58.9M | 52.4M | 57.9M | 59.7M | 59.7M | 113.8M | 93.4M | 0 | 93.3M | 53M | 53.2M |
| Other Non-Current Liabilities | 41.7M | 53.9M | 42.6M | 33M | 35.4M | 29.4M | 67M | 49M | 2M | 15.1M | 16.7M | 10.3M | 11.1M | 26.7M | 29.1M | 58.5M | 131.8M | 40.6M | 39.3M | 40.5M |
| Total Liabilities | 797.3M | 796M | 878.5M | 880.9M | 873.4M | 914.1M | 969.4M | 1.13B | 1.14B | 1.19B | 1.2B | 1.22B | 1.75B | 1.78B | 1.46B | 1.22B | 1.21B | 1.35B | 1.34B | 1.37B |
| Total Debt | 573.6M | 572.1M | 663.1M | 676.1M | 665.7M | 676.1M | 676M | 876.8M | 922.2M | 877.5M | 879.9M | 919.9M | 1.41B | 1.43B | 1.07B | 825.2M | 861.5M | 871M | 879.1M | 885.6M |
| Net Debt | 413.3M | 366.7M | 417.6M | 405.1M | 516.6M | 570.5M | 526.1M | 807.1M | 843.2M | 765.8M | 792.1M | 831.3M | 984.6M | 783.8M | 833.8M | 467.1M | 425.7M | 294.7M | 475.1M | 437.9M |
| Debt / Equity | 1.10x | 1.09x | 1.14x | 1.26x | 1.20x | 1.40x | 1.33x | 2.27x | 1.39x | 1.35x | 1.26x | 0.96x | 1.18x | 1.03x | 0.74x | 0.55x | 0.55x | 0.54x | 0.58x | 0.57x |
| Debt / EBITDA | 16.58x | 82.91x | 6.59x | 27.60x | 8.92x | 42.79x | 7.49x | - | 13.81x | - | - | - | - | - | - | - | 24.00x | 2.85x | - | 19.17x |
| Net Debt / EBITDA | 11.95x | 53.14x | 4.15x | 16.53x | 6.92x | 36.11x | 5.83x | - | 12.62x | - | - | - | - | - | - | - | 11.86x | 0.97x | - | 9.48x |
| Interest Coverage | 2.22x | -2.45x | 4.79x | -0.14x | 7.31x | -0.29x | 8.67x | -6.74x | 1.50x | -1.90x | -0.18x | 0.56x | -7.69x | 0.23x | -5.26x | -9.55x | 0.84x | 35.49x | -4.02x | 1.84x |
| Total Equity | 523.1M | 522.6M | 582.5M | 536.2M | 552.7M | 482.8M | 508.4M | 386.3M | 663.9M | 649.3M | 697.2M | 956.3M | 1.2B | 1.39B | 1.45B | 1.51B | 1.58B | 1.61B | 1.52B | 1.54B |
| Equity Growth % | -5.36% | 8.24% | 14.58% | 38.8% | -16.75% | -25.64% | -27.08% | -59.6% | -44.79% | -53.21% | -51.89% | -36.8% | -23.66% | -13.89% | -4.82% | -1.98% | 3.45% | 11.37% | 21.67% | 28.77% |
| Book Value per Share | 9.26 | 9.97 | 10.31 | 9.89 | 9.65 | 8.91 | 9.14 | 7.34 | 12.72 | 12.51 | 13.46 | 18.86 | 23.96 | 27.81 | 29.04 | 30.26 | 31.07 | 30.12 | 28.36 | 28.59 |
| Total Shareholders' Equity | 523.1M | 522.6M | 582.5M | 536.2M | 552.7M | 482.8M | 508.4M | 386.3M | 663.9M | 649.3M | 697.2M | 956.3M | 1.2B | 1.39B | 1.45B | 1.51B | 1.58B | 1.61B | 1.52B | 1.54B |
| Common Stock | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K | 100K |
| Retained Earnings | -153M | -159.8M | -105.2M | -156.4M | -144.4M | -212.4M | -181.1M | -295.9M | -12.8M | -21.8M | 27.7M | 289.7M | 551M | 738.7M | 822M | 897.7M | 954.1M | 950.3M | 768.5M | 801.2M |
| Treasury Stock | -261.6M | -252.6M | -243.5M | -234.6M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -227.7M | -204.4M | -152.2M | -39.6M | -39.6M |
| Accumulated OCI | -6.9M | -7.5M | -7.5M | -8.1M | -6.1M | -5.2M | -7.3M | -5.5M | -5.5M | -5.7M | -2.6M | -1.6M | 1M | 3.1M | -5.2M | -6.1M | -9.3M | -16.1M | -23.1M | -22.4M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |