The company's financial position is increasingly fragile, with a current ratio of 0.14 and a massive accumulated deficit in retained earnings totaling $226.1 million.
| Total Current Assets | 4.49M | 3.11M | 2.88M | 233K | 12.3M | 7.62M | 8.59M |
| Cash & Short-Term Investments | 65.9K | 207.45K | 68.27K | 38K | 5.51M | 6.86M | 8.12M |
| Cash Only | 65.9K | 207.45K | 68.27K | 38K | 5.51M | 6.86M | 8.12M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.1M | 2.47M | 2.27M | 100K | 100K | 0 | 0 |
| Days Sales Outstanding | 72.78 | 55.04 | 204.59 | 251.22 | 71.43 | - | - |
| Inventory | 188.56K | 183.63K | 161.47K | 0 | 1.31M | 295K | 0 |
| Days Inventory Outstanding | 5.56 | 8.05 | 23.72 | - | 1.39K | - | - |
| Other Current Assets | 134.39K | 253.05K | 89.56K | 9K | 14K | 23K | 12K |
| Total Non-Current Assets | 41.3M | 41.47M | 38.83M | 492K | 23.1M | 22.69M | 830K |
| Property, Plant & Equipment | 3.73M | 3.87M | 4.35B | 0 | 0 | 187K | 167K |
| Fixed Asset Turnover | 4.69x | 4.23x | 0.00x | - | - | 0.64x | 0.38x |
| Goodwill | 27.79M | 27.82M | 25.46M | 0 | 0 | 0 | 0 |
| Intangible Assets | 9.78M | 9.77M | 9.02M | 378K | 2.04M | 191K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 100K | 419K |
| Other Non-Current Assets | 0 | 0 | -4.34B | 114K | 21.06M | 2.75M | 244K |
| Total Assets | 45.79M | 44.58M | 41.71M | 725K | 35.41M | 30.3M | 9.42M |
| Asset Turnover | 0.38x | 0.37x | 0.10x | 0.20x | 0.01x | 0.00x | 0.01x |
| Asset Growth % | 662.58% | 6.88% | 5652.84% | -97.95% | 16.84% | 221.56% | - |
| Total Current Liabilities | 31.56M | 28.66M | 32.73M | 14.34M | 6.91M | 36.06M | 614K |
| Accounts Payable | 7.48M | 6.97M | 6.68M | 4.56M | 3.47M | 3.46M | 366K |
| Days Payables Outstanding | 287.58 | 305.29 | 981.02 | 12.56K | 3.68K | - | - |
| Short-Term Debt | 9.14M | 7.79M | 10.22M | 4.2M | 1.41M | 32.2M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 12.79M | 11.9M | 8.32M | 3.88M | 0 | 0 | 0 |
| Current Ratio | 0.14x | 0.11x | 0.09x | 0.02x | 1.78x | 0.21x | 14.00x |
| Quick Ratio | 0.14x | 0.10x | 0.08x | 0.02x | 1.59x | 0.20x | 14.00x |
| Cash Conversion Cycle | -209.24 | -242.2 | -752.71 | - | -2.21K | - | - |
| Total Non-Current Liabilities | 36.15M | 4.84M | 3.71M | 489K | 21.79M | 19.46M | 90K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 1.73M | 0 | 0 |
| Capital Lease Obligations | 9.64M | 3.17M | 3.67M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 33.12M | 1.67M | 41.25K | 489K | 20.06M | 12.42M | 90K |
| Total Liabilities | 36.15M | 33.5M | 36.44M | 14.82M | 28.7M | 55.52M | 704K |
| Total Debt | 12.17M | 10.97M | 14.25M | 4.2M | 3.14M | 32.2M | 0 |
| Net Debt | 12.11M | 10.76M | 14.19M | 4.17M | -2.38M | 25.35M | -8.12M |
| Debt / Equity | 1.26x | 0.99x | 2.70x | - | 0.47x | - | - |
| Debt / EBITDA | -1.42x | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.41x | - | - | - | - | - | - |
| Interest Coverage | -26.99x | -2.68x | -2.18x | -23.87x | -65.15x | -33.43x | - |
| Total Equity | 9.64M | 11.08M | 5.27M | -14.1M | 6.71M | -25.22M | 8.72M |
| Equity Growth % | 509.24% | 110.1% | 137.39% | -310.2% | 126.6% | -389.22% | - |
| Book Value per Share | 0.00 | 0.04 | 0.36 | -3.34 | 5.92 | -43.33 | 43.60 |
| Total Shareholders' Equity | 9.71M | 11.14M | 5.32M | -14.1M | 6.71M | -25.22M | 8.72M |
| Common Stock | 373.27K | 249.57K | 2.36K | 1K | 3K | 0 | 0 |
| Retained Earnings | -226.1M | -224.64M | -190.54M | -177.06M | -147.23M | -51.98M | -13.49M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -71.89K | -68.68K | -51.94K | 0 | 0 | 0 | 0 |
Imminent liquidity crisis
As reported in the most recent quarterly filings, FOXO's cash and equivalents have dwindled to a precarious $65,900, representing a severe liquidity shortfall that, when paired with a current ratio of 0.14, suggests the company lacks the necessary buffer to sustain its current operating burn rate.
The extremely low current ratio indicates that current liabilities vastly exceed available liquid assets, leaving the firm with virtually no margin for error in its working capital management. Investors should monitor for immediate financing requirements, as the current cash position appears insufficient to support ongoing laboratory operations or administrative overhead.
Based on the latest balance sheet data, goodwill accounts for approximately $27.8 million of the company's $45.8 million in total assets, suggesting that a significant portion of the firm's book value is tied to intangible valuations rather than tangible, revenue-generating infrastructure or liquid capital reserves.
This heavy reliance on goodwill warrants further investigation into potential impairment risks, especially given the company's persistent operating losses and inability to achieve consistent profitability. The limited net PPE suggests an asset-light model that, while potentially scalable, currently lacks the physical foundation to justify the carrying value of its intangible assets.
According to financial statements, FOXO maintains a debt-to-equity ratio of 1.26 as of 2026Q1, which, while appearing moderate in isolation, must be interpreted alongside the company's negative retained earnings of $226.1 million and its ongoing struggle to generate positive cash flow from core business activities.
The presence of $12.2 million in total debt creates a fixed interest burden that further exacerbates the company's negative net margins. This leverage appears to be a necessity-driven attempt to fund operations rather than a strategic capital allocation, increasing the risk of insolvency if revenue growth fails to materialize.
As indicated by the historical balance sheet, FOXO's equity has been severely eroded by cumulative losses, with retained earnings reaching a deficit of $226.1 million, a trend that underscores the significant value destruction experienced by shareholders since the company's transition to its current operational structure.
The persistent decline in equity quality suggests that the company has been unable to convert its capital base into sustainable earnings. Investors should be wary of the potential for further dilutive equity raises, which may be the only remaining path to address the company's acute liquidity constraints and negative equity trajectory.
Quick answers to the most common questions about buying FOXO stock.
As of 2025, FOXO Technologies Inc. (FOXO) had total assets of $44.6M including $3.1M in current assets.
FOXO Technologies Inc. (FOXO) carries total debt of $11.0M, offset by $0.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
FOXO Technologies Inc. (FOXO) has total shareholders' equity (book value) of $11.1M ($0.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
FOXO Technologies Inc. (FOXO) reported a current ratio of 0.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.