The balance sheet appears increasingly fragile as goodwill surged to $59.7M, representing 76.5% of total assets and creating a significant risk of future write-downs.
| Total Current Assets | 17.1M | 19.05M | 17.89M | 5.95M | 8.11M | 2.03M |
| Cash & Short-Term Investments | 4.21M | 8.07M | 11.22M | 1.14M | 1.09M | 8.76K |
| Cash Only | 4.17M | 8.07M | 10.44M | 1.14M | 1.09M | 8.76K |
| Short-Term Investments | 39.33K | 0 | 780K | 0 | 0 | 0 |
| Accounts Receivable | 1.56M | 1.27M | 3.57M | 2.88M | 6.32M | 1.03M |
| Days Sales Outstanding | 10.18 | 11.25 | 48.52 | 61.12 | 161.61 | 74.57 |
| Inventory | 0 | 0 | 0 | 1.54M | 277.6K | 897.94K |
| Days Inventory Outstanding | - | - | - | 43.09 | 9.22 | 83.33 |
| Other Current Assets | 1.12M | 3.97M | 507.34K | -1.15M | 146.44K | -805.09K |
| Total Non-Current Assets | 60.95M | 40.15M | 9.23M | 2.57M | 927.21K | 869.47K |
| Property, Plant & Equipment | 333.38K | 674.37K | 989.2K | 184.91K | 357.58K | 453.34K |
| Fixed Asset Turnover | 167.80x | 61.33x | 27.18x | 92.96x | 39.90x | 11.12x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 59.75M | 38.8M | 6.51M | 0 | 0 | 0 |
| Long-Term Investments | 481.94K | 285K | 447.5K | 458.99K | 506.72K | 356.43K |
| Other Non-Current Assets | 384.14K | 389.69K | 1.28M | 1.93M | 62.91K | 59.7K |
| Total Assets | 78.05M | 59.19M | 27.12M | 8.53M | 9.04M | 2.9M |
| Asset Turnover | 0.72x | 0.70x | 0.99x | 2.02x | 1.58x | 1.74x |
| Asset Growth % | 31.86% | 118.26% | 218.06% | -5.63% | 211.65% | - |
| Total Current Liabilities | 15.58M | 13.38M | 5.75M | 4.67M | 6.69M | 2.62M |
| Accounts Payable | 1.78M | 1.21M | 531.09K | 952.25K | 2.91M | 1.41M |
| Days Payables Outstanding | 19.41 | 21.54 | 15.69 | 26.59 | 96.5 | 130.93 |
| Short-Term Debt | 3.69M | 5.42M | 2.47M | 1.64M | 2.34M | 474.1K |
| Deferred Revenue (Current) | 6.73M | 3.84M | 345.84K | 1.15M | 522.89K | 448.43K |
| Other Current Liabilities | 794.17K | 0 | 0 | 468.59K | 0 | 0 |
| Current Ratio | 1.10x | 1.42x | 3.11x | 1.28x | 1.21x | 0.78x |
| Quick Ratio | 1.10x | 1.42x | 3.11x | 0.94x | 1.17x | 0.43x |
| Cash Conversion Cycle | - | - | - | 77.62 | 74.33 | 26.98 |
| Total Non-Current Liabilities | 494.05K | 308.57K | 556.67K | 107.54K | 132.94K | 309.99K |
| Long-Term Debt | 0 | 0 | 0 | 107.54K | 0 | 0 |
| Capital Lease Obligations | 0 | 308.57K | 556.67K | 0 | 132.94K | 309.99K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 494.05K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 16.07M | 13.69M | 6.3M | 4.78M | 6.82M | 2.93M |
| Total Debt | 3.69M | 6M | 3.31M | 1.87M | 2.66M | 870.12K |
| Net Debt | -480.3K | -2.07M | -7.12M | 732.21K | 1.57M | 861.36K |
| Debt / Equity | 0.06x | 0.13x | 0.16x | 0.50x | 1.20x | - |
| Debt / EBITDA | 0.24x | 0.48x | 0.38x | - | 1.88x | - |
| Net Debt / EBITDA | -0.03x | -0.16x | -0.82x | - | 1.11x | - |
| Interest Coverage | -94.46x | 67.48x | 61.61x | -2.54x | 57.55x | -109.96x |
| Total Equity | 61.98M | 45.5M | 20.82M | 3.75M | 2.21M | -27.16K |
| Equity Growth % | 36.21% | 118.58% | 455.13% | 69.43% | 8249.85% | - |
| Book Value per Share | 191.43 | 79.60 | 40.15 | 7.23 | 4.27 | -0.05 |
| Total Shareholders' Equity | 62.12M | 45.65M | 20.96M | 3.89M | 2.36M | 122.97K |
| Common Stock | 887 | 68 | 52 | 47 | 46 | 46 |
| Retained Earnings | -4.7M | 15.74M | 5.16M | -1.07M | -797.85K | -2.18M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.92M | 2.11M | -235.91K | -153.7K | 44.74K | 4.34K |
| Minority Interest | -144.28K | -146.21K | -140.53K | -143.56K | -145.87K | -150.12K |
Liquidity and Goodwill Impairment
According to recent financial filings, GMM's total assets grew to $78.0M by 2025Q4, yet this expansion is primarily driven by a surge in goodwill to $59.7M, which suggests that the company's balance sheet quality is deteriorating as it relies on acquisitions rather than organic cash accumulation.
The rapid increase in total assets appears disconnected from the company's actual liquidity, as cash reserves have dwindled significantly over the same period. This trajectory indicates a business model that is aggressively scaling its footprint through intangible assets while failing to build the necessary cash buffer to support its ongoing operations.
As reported in the latest balance sheet, goodwill now accounts for approximately 76.5% of GMM's total assets, a concentration that warrants close investigation as it suggests the company's valuation is heavily reliant on past acquisitions rather than tangible, revenue-generating infrastructure like property, plant, and equipment.
The minimal investment in net PPE, which stands at only $333.4K, implies that the company is not building a substantial physical foundation for its metaverse services. Investors should monitor whether these intangible assets are subject to future impairment charges, especially if the projected synergies from these acquisitions fail to materialize in the current regulatory environment.
Based on the 2025Q4 reported figures, GMM's current ratio has compressed to 1.10, reflecting a precarious liquidity position where the company's cash balance of $4.2M is increasingly insufficient to cover its short-term obligations and sustain its current rate of operational cash burn.
The decline in the current ratio from historical highs above 3.0 indicates that the company's ability to meet immediate liabilities is weakening. This trend suggests that the firm may soon face a liquidity crunch, potentially forcing management to seek dilutive financing to maintain its ongoing business activities.
Data from recent quarterly statements reveals that GMM's reliance on goodwill and intangible assets creates a significant distortion in its book value, as the $59.7M in goodwill far exceeds the company's total cash and tangible assets, posing a substantial risk of future write-downs.
The disconnect between the company's reported equity and its actual cash-generating capacity suggests that the balance sheet may be overstating the firm's true financial health. If the market's valuation of these intangible assets shifts, the company could face significant downward pressure on its equity, further complicating its ability to raise capital on favorable terms.
Quick answers to the most common questions about buying GMM stock.
As of 2025, Global Mofy Metaverse Limited (GMM) had total assets of $78.0M including $17.1M in current assets.
Global Mofy Metaverse Limited (GMM) carries total debt of $3.7M, offset by $4.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Global Mofy Metaverse Limited (GMM) has total shareholders' equity (book value) of $62.1M ($191.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Global Mofy Metaverse Limited (GMM) reported a current ratio of 1.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.