The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.02, though total assets have shrunk significantly from $73.5M in 2024Q3 to $47.2M in 2025Q4.
| Total Current Assets | 39.57M | 41.59M | 47.11M | 40.76M |
| Cash & Short-Term Investments | 16.58M | 18.82M | 16.01M | 11.87M |
| Cash Only | 15.23M | 18.82M | 16.01M | 11.87M |
| Short-Term Investments | 1.35M | 0 | 0 | 0 |
| Accounts Receivable | 10.42M | 12.91M | 18.2M | 21.08M |
| Days Sales Outstanding | 32.23 | 32.44 | 39.51 | 54.61 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 9.44M | 13.93K | 13.85K | 488.64K |
| Total Non-Current Assets | 7.63M | 9.69M | 8.61M | 6.7M |
| Property, Plant & Equipment | 637.15K | 829.13K | 566.8K | 1.19M |
| Fixed Asset Turnover | 185.28x | 175.17x | 296.68x | 118.81x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 5M | 5.29M | 5.77M | 3.33M |
| Long-Term Investments | 2M | 1.99M | 2M | 2.19M |
| Other Non-Current Assets | 0 | 1.57M | 270.9K | 0 |
| Total Assets | 47.21M | 51.28M | 55.72M | 47.47M |
| Asset Turnover | 2.50x | 2.83x | 3.02x | 2.97x |
| Asset Growth % | -7.94% | -7.97% | 17.39% | - |
| Total Current Liabilities | 14.04M | 16.88M | 30.15M | 23.6M |
| Accounts Payable | 10.75M | 13.03M | 25.94M | 18.75M |
| Days Payables Outstanding | 70.26 | 67.33 | 132.64 | 101.91 |
| Short-Term Debt | 0 | 336.05K | 0 | 125K |
| Deferred Revenue (Current) | 0 | 2.83M | 2.99M | 2.08M |
| Other Current Liabilities | 1.92M | -336.05K | 0 | -125K |
| Current Ratio | 2.82x | 2.46x | 1.56x | 1.73x |
| Quick Ratio | 2.82x | 2.46x | 1.56x | 1.73x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 58.52K | 351.86K | 12.17K | 439.25K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 58.52K | 351.86K | 12.17K | 439.25K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 14.1M | 17.24M | 30.16M | 24.04M |
| Total Debt | 521.58K | 687.9K | 399.29K | 986.79K |
| Net Debt | -14.71M | -18.13M | -15.61M | -10.88M |
| Debt / Equity | 0.02x | 0.02x | 0.02x | 0.04x |
| Debt / EBITDA | 0.12x | 0.07x | 0.10x | 0.25x |
| Net Debt / EBITDA | -3.35x | -1.96x | -3.78x | -2.75x |
| Interest Coverage | - | - | - | - |
| Total Equity | 33.11M | 34.05M | 25.56M | 23.42M |
| Equity Growth % | -2.75% | 33.19% | 9.13% | - |
| Book Value per Share | 0.64 | 0.68 | 0.51 | 0.47 |
| Total Shareholders' Equity | 33.23M | 34.02M | 25.88M | 24.04M |
| Common Stock | 5.36K | 7.54K | 7.54K | 7.54K |
| Retained Earnings | 23.54M | 19.58M | 11.33M | 7.54M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.28M | -1.77M | -1.67M | 290.73K |
| Minority Interest | -117.94K | 28.04K | -314.58K | -620.72K |
High user acquisition dependency
As reported in recent financial filings, GMHS saw total assets decline from $73.5M in 2024Q3 to $47.2M by 2025Q4, a contraction that suggests the company is struggling to maintain its operational scale amidst a challenging environment for third-party mobile game publishing and user acquisition.
The reduction in total assets appears to mirror the broader revenue decline, indicating that the company is not successfully replacing its aging game portfolio with new, high-value assets. Investors should monitor whether this downward trajectory in asset volume signals a permanent loss of market share or a strategic downsizing of the publishing pipeline.
Based on the 2025Q4 balance sheet, the company maintains a current ratio of 2.82, which provides a superficial sense of security despite the underlying volatility in cash flows and the persistent pressure on operating margins observed in recent quarterly reporting periods.
While the current ratio appears healthy, it is important to note that this liquidity is heavily dependent on cash reserves rather than a robust cycle of receivables. The lack of deferred revenue in recent quarters suggests that the company has little in the way of pre-paid service obligations, which may limit its ability to forecast future cash inflows.
According to historical balance sheet data, equity has fluctuated significantly, dropping from $70.2M in 2024Q3 to $33.2M in 2025Q4, a trend that reflects the company's difficulty in consistently generating retained earnings to bolster its capital base over the long term.
The volatility in retained earnings suggests that the company's profitability is highly sensitive to the success of individual game launches. This instability in the equity base warrants further investigation into whether the company's capital allocation strategy is effectively creating value or merely preserving a shrinking pool of shareholder capital.
As indicated by the 2025Q4 financial statements, the presence of $5.0M in goodwill alongside minimal PPE suggests that the company's value is tied to intangible publishing rights that may be subject to impairment if the underlying game titles fail to meet performance expectations.
The reliance on goodwill rather than tangible assets makes the balance sheet potentially misleading, as these intangible values are highly subjective and prone to write-downs. Investors should be cautious, as any further decline in the performance of the third-party developer pipeline could necessitate a significant impairment charge that would erode the current equity position.
Quick answers to the most common questions about buying GMHS stock.
As of 2025, Gamehaus Holdings Inc. (GMHS) had total assets of $47.2M including $39.6M in current assets.
Gamehaus Holdings Inc. (GMHS) carries total debt of $0.5M, offset by $16.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Gamehaus Holdings Inc. (GMHS) has total shareholders' equity (book value) of $33.2M ($0.64 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Gamehaus Holdings Inc. (GMHS) reported a current ratio of 2.82x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.