Genasys Inc. (GNSS) Balance Sheet

30Y historyFree accessUpdated daily

The company's financial position appears strained, with the debt-to-equity ratio surging to 5.74 and a current ratio of 0.73, indicating limited liquidity to cover short-term obligations.

Annual statement

GNSS Balance Sheet

Genasys Inc. (GNSS) balance sheet — 30-year assets, liabilities & shareholders' equity history

Annual Quarterly

Metric	TTM	Sep'25	Sep'24	Sep'23	Sep'22	Sep'21	Sep'20	Sep'19	Sep'18	Sep'17	Sep'16	Sep'15	Sep'14	Sep'13	Sep'12	Sep'11	Sep'10	Sep'09	Sep'08	Sep'07	Sep'06	Sep'05	Sep'04	Sep'03	Sep'02	Sep'01	Sep'00	Sep'99	Sep'98	Sep'97	Sep'96

Total Current Assets	36.34M	39.3M	26.14M	25.21M	35.56M	35.48M	40.12M	34.04M	27.67M	29.05M	25.17M	27.18M	32.6M	26.36M	22.93M	22.98M	12.71M	9.83M	8.05M	11.42M	16.54M	13.23M	5.91M	10.48M	2.08M	1.74M	5.24M	1.5M	1.3M	3.89M	1.42M
Cash & Short-Term Investments	3.07M	8.04M	12.89M	10.15M	19.13M	18.85M	27.58M	22.51M	14.66M	17.12M	16.4M	19.57M	23.89M	15.81M	13.86M	13.87M	5.42M	5.1M	2.69M	6.41M	9.9M	10.35M	4.18M	9.85M	1.81M	1.35M	4.65M	900K	1M	3.37M	847.48K
Cash Only	3.07M	7.97M	4.95M	8.66M	12.74M	13.17M	23.32M	18.82M	11.06M	12.76M	13.47M	18.32M	23.89M	15.81M	13.86M	13.87M	5.42M	5.1M	2.69M	6.41M	9.9M	10.35M	4.18M	9.85M	1.81M	1.35M	4.65M	600K	1M	3.34M	657.33K
Short-Term Investments	0	70K	7.95M	1.48M	6.4M	5.69M	4.26M	3.69M	3.59M	4.36M	2.94M	1.25M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	300K	0	29.29K	190.15K
Accounts Receivable	12.75M	14.59M	3.73M	6.21M	8.38M	7.68M	5.44M	3.64M	3.92M	5.93M	3.41M	2.12M	4.28M	4.96M	5.52M	5.1M	4.19M	1.43M	2.21M	938.23K	1.95M	880.28K	926.75K	184.16K	111.49K	117.58K	237.91K	200K	100K	307.17K	195.46K
Days Sales Outstanding	97.98	130.69	56.66	48.56	56.57	59.65	46.18	35.97	54.36	106.62	76.05	46.02	63.59	105.91	136.15	70.2	91.57	34.38	72.1	34.59	79.09	31.41	58.8	51.1	40.26	50.18	60.6	91.25	121.67	115.9	76.41
Inventory	11.49M	8.8M	7.31M	6.5M	6.01M	6.42M	5.95M	5.83M	6.73M	5.26M	4.76M	4.93M	3.9M	4.59M	3.11M	2.74M	2.78M	2.65M	2.89M	3.8M	4.45M	1.8M	651.1K	408.94K	136.88K	197.01K	172.47K	300K	100K	189.81K	313.93K
Days Inventory Outstanding	164.02	135.03	193.16	95.29	81.95	99.33	106.59	114.98	181.17	191.21	200.11	217.8	131.32	189.37	155.33	94.4	135.13	123.28	155.61	213.25	264.07	112.91	66.5	96.67	73.06	124.35	76.41	219	121.67	85.59	143.74
Other Current Assets	0	38K	151K	824K	344K	594K	570K	503K	648.07K	175.27K	0	0	0	0	0	612.5K	112.52K	452.37K	0	0	0	0	0	0	0	0	184.48K	100K	100K	0	0
Total Non-Current Assets	21.91M	24.57M	27.8M	24.7M	36.29M	54.64M	26.05M	13.08M	14.19M	9.81M	11.64M	12.5M	1.18M	1.2M	1.47M	1.52M	460.26K	1.19M	1.41M	1.84M	2.17M	1.98M	1.73M	1.27M	1.71M	2.1M	2.04M	700K	400K	359.77K	179.69K
Property, Plant & Equipment	2.63M	3.54M	4.4M	5.44M	6.3M	6.62M	7.21M	2.27M	2.45M	509.6K	473.34K	471.96K	360.08K	237.38K	212.86K	75.47K	124.35K	230.43K	292.09K	422.03K	693.53K	606.87K	453.36K	200.26K	363.45K	516.21K	237.33K	100K	200K	196.42K	93.41K
Fixed Asset Turnover	18.41x	11.50x	5.46x	8.58x	8.58x	7.10x	5.96x	16.30x	10.74x	39.86x	34.56x	35.56x	68.29x	71.99x	69.49x	351.23x	134.25x	66.04x	38.31x	23.46x	12.98x	16.85x	12.69x	6.57x	2.78x	1.66x	6.04x	8.00x	1.50x	4.93x	10.00x
Goodwill	13.38M	13.45M	13.33M	10.28M	10.12M	23.83M	2.47M	2.31M	2.45M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	4.44M	6.15M	8.51M	8.43M	10.51M	12.8M	943K	1.18M	1.56M	55.69K	62.91K	58.38K	53.84K	51.65K	158.46K	225.97K	277.65K	343.71K	1.06M	1.36M	1.42M	1.37M	1.28M	1.07M	1.35M	1.59M	640.51K	500K	200K	137.44K	76.2K
Long-Term Investments	1.17M	0	249K	0	781K	1.88M	3.81M	1.39M	1.2M	711.12K	2.19M	3.05M	0	0	0	0	0	58.27K	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	878K	1.43M	1.31M	551K	1.22M	1.47M	520K	559K	580.92K	203.98K	391.45K	578.94K	766.42K	914.52K	1.1M	1.22M	58.27K	553.64K	58.27K	58.27K	58.27K	0	0	0	0	0	1.16M	100K	0	25.9K	10.07K
Total Assets	58.25M	63.87M	53.94M	49.91M	71.85M	90.13M	66.17M	47.12M	41.86M	38.86M	36.81M	39.67M	33.78M	27.56M	24.41M	24.5M	13.17M	11.01M	9.46M	13.26M	18.71M	15.21M	7.65M	11.74M	3.79M	3.84M	7.28M	2.2M	1.7M	4.25M	1.6M
Asset Turnover	0.91x	0.64x	0.45x	0.94x	0.75x	0.52x	0.65x	0.78x	0.63x	0.52x	0.44x	0.42x	0.73x	0.62x	0.61x	1.08x	1.27x	1.38x	1.18x	0.75x	0.48x	0.67x	0.75x	0.11x	0.27x	0.22x	0.20x	0.36x	0.18x	0.23x	0.59x
Asset Growth %	67.67%	18.42%	8.08%	-30.55%	-20.28%	36.21%	40.42%	12.56%	7.73%	5.55%	-7.2%	17.45%	22.57%	12.92%	-0.39%	86.02%	19.58%	16.48%	-28.69%	-29.13%	23.01%	98.93%	-34.9%	209.91%	-1.24%	-47.26%	230.71%	29.41%	-60.02%	166.5%	-
Total Current Liabilities	47.58M	54.44M	14.09M	11.26M	15.37M	17.47M	10.32M	9.27M	6.58M	3.67M	2.08M	1.57M	4.92M	2.65M	1.62M	3.95M	2.55M	2.97M	1.94M	1.64M	3.88M	3.7M	2.44M	1.99M	1.52M	843.79K	445.74K	400K	300K	172.31K	367.99K
Accounts Payable	8.68M	8.18M	4.03M	2.79M	2.33M	2.16M	1.37M	860K	3.08M	1.11M	574.57K	703.94K	830.5K	1.6M	995.72K	1.04M	965.05K	955.65K	963.91K	771.64K	1.9M	1.99M	1.3M	604.34K	733.53K	321.77K	233.8K	300K	200K	120.87K	348.19K
Days Payables Outstanding	118.53	125.46	106.55	40.82	31.84	33.44	24.55	16.95	82.95	40.46	24.13	31.12	27.99	65.9	49.69	35.89	46.84	44.54	51.9	43.27	113	124.57	132.77	142.86	391.52	203.1	103.58	219	243.33	54.5	159.43
Short-Term Debt	11.59M	18.01M	0	0	0	296K	300K	280K	296.59K	0	0	0	0	0	0	0	0	0	0	0	0	12.13K	10.97K	9.91K	8.96K	0	0	0	0	0	0
Deferred Revenue (Current)	78.14M	23.93M	5.25M	3.47M	6.55M	9.82M	4.41M	5.57M	659.68K	343.16K	637.76K	51.34K	567.64K	18.53K	429	5.34K	1.3K	330.01K	275.51K	286.48K	351.66K	395.83K	322.34K	0	0	0	0	0	0	0	0
Other Current Liabilities	0	165K	532K	935K	164K	148K	202K	259K	301.41K	150.62K	285.4K	291.26K	290.08K	189.28K	154.07K	3.92K	1.23M	1.36M	0	0	0	282K	0	0	0	0	211.94K	100K	100K	0	0
Current Ratio	0.76x	0.72x	1.86x	2.24x	2.31x	2.03x	3.89x	3.67x	4.21x	7.91x	12.12x	17.26x	6.63x	9.94x	14.16x	5.82x	4.98x	3.31x	4.14x	6.95x	4.26x	3.57x	2.42x	5.26x	1.36x	2.06x	11.76x	3.75x	4.33x	22.59x	3.85x
Quick Ratio	0.52x	0.56x	1.34x	1.66x	1.92x	1.66x	3.31x	3.04x	3.18x	6.48x	9.82x	14.13x	5.84x	8.21x	12.24x	5.13x	3.89x	2.42x	2.66x	4.63x	3.11x	3.09x	2.16x	5.05x	1.27x	1.82x	11.37x	3.00x	4.00x	21.49x	2.99x
Cash Conversion Cycle	143.47	140.26	143.27	103.03	106.69	125.54	128.23	134	152.58	257.37	252.02	232.7	166.91	229.39	241.79	128.7	179.85	113.12	175.82	204.56	230.17	19.75	-7.48	4.91	-278.2	-28.57	33.43	91.25	0	146.99	60.73
Total Non-Current Liabilities	11.99M	7.27M	22.29M	4.83M	6.1M	6.7M	6.71M	2.46M	1.79M	0	165.04K	147.95K	157.55K	146.11K	363.82K	276.74K	282.46K	0	0	0	1.22M	1.56M	12.13K	23.1K	3.15M	0	0	100K	0	386.65K	0
Long-Term Debt	7.59M	0	12.01M	0	0	0	18K	33K	52.36K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3.12M	0	0	0	0	386.65K	0
Capital Lease Obligations	7.08M	2.22M	3.27M	4.28M	5.19M	5.71M	6.39M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12.13K	23.1K	33.01K	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1.76M	3.57M	6.64M	0	680K	687K	0	1.88M	1.66M	0	165.04K	122K	131.72K	122.63K	43.43K	6.6K	9.31K	0	0	0	1.22M	1.56M	0	0	0	0	0	100K	0	0	0
Total Liabilities	59.57M	61.7M	36.37M	16.09M	21.46M	24.17M	17.03M	11.74M	8.37M	3.67M	2.24M	1.72M	5.08M	2.8M	1.98M	4.23M	2.83M	2.97M	1.94M	1.64M	5.1M	5.27M	2.45M	2.02M	4.67M	843.79K	445.74K	500K	300K	558.96K	367.99K
Total Debt	21.69M	21.35M	16.3M	5.29M	6.14M	6.9M	7.48M	313K	348.95K	0	0	0	0	0	0	0	0	0	0	0	0	12.13K	23.1K	33.01K	3.16M	0	0	0	0	386.65K	0
Net Debt	18.62M	13.38M	11.36M	-3.37M	-6.6M	-6.26M	-15.84M	-18.51M	-10.71M	-12.76M	-13.47M	-18.32M	-23.89M	-15.81M	-13.86M	-13.87M	-5.42M	-5.1M	-2.69M	-6.41M	-9.9M	-10.34M	-4.16M	-9.82M	1.35M	-1.35M	-4.65M	-600K	-1M	-2.95M	-657.33K
Debt / Equity	-16.43x	9.85x	0.93x	0.16x	0.12x	0.10x	0.15x	0.01x	0.01x	-	-	-	-	-	-	-	-	-	-	-	-	0.00x	0.00x	0.00x	-	-	-	-	-	0.10x	-
Debt / EBITDA	20.71x	-	-	-	-	2.05x	1.01x	0.08x	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	17.78x	-	-	-	-	-1.86x	-2.13x	-4.67x	-	-	-	-12.57x	-6.76x	-14.22x	-10.11x	-2.71x	-2.04x	-1436.52x	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-2.25x	-10.42x	-52.29x	-	-	-	-	-	-	-	-	-	-	-	-	-	1566.89x	-177.95x	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Equity	-1.32M	2.17M	17.56M	33.81M	50.39M	65.96M	49.14M	35.38M	33.49M	35.18M	34.57M	37.95M	28.7M	24.76M	22.42M	20.28M	10.34M	8.04M	7.51M	11.62M	13.6M	9.94M	5.19M	9.73M	-884.88K	2.99M	6.83M	1.7M	1.4M	3.69M	1.23M
Equity Growth %	-378.65%	-87.66%	-48.06%	-32.9%	-23.6%	34.22%	38.89%	5.65%	-4.82%	1.77%	-8.9%	32.21%	15.92%	10.43%	10.59%	96.13%	28.51%	7.06%	-35.31%	-14.61%	36.83%	91.45%	-46.62%	1199.37%	-129.56%	-56.17%	301.76%	21.43%	-62.09%	200.86%	-
Book Value per Share	-0.03	0.05	0.40	0.92	1.38	1.85	1.44	1.06	1.03	1.10	1.08	1.13	0.86	0.75	0.68	0.62	0.33	0.26	0.25	0.38	0.54	0.46	0.26	0.61	-0.06	0.22	0.58	0.15	0.13	0.40	0.16
Total Shareholders' Equity	-1.32M	2.17M	17.56M	33.81M	50.39M	65.96M	49.14M	35.38M	33.49M	35.18M	34.57M	37.95M	28.7M	24.76M	22.42M	20.28M	10.34M	8.04M	7.51M	11.62M	13.6M	9.94M	5.19M	9.73M	-884.88K	2.99M	6.83M	1.7M	1.4M	3.69M	1.23M
Common Stock	0	0	0	0	0	0	0	0	332	322	318	329	332	329	324	324	306	306	305	305	301	243	198	193	144	137	133	100K	0	98	86
Retained Earnings	-130.68M	-125.9M	-107.79M	-76.06M	-57.37M	-41.15M	-41.86M	-53.73M	-56.52M	-52.77M	-51.9M	-49.66M	-59.35M	-62.67M	-63.94M	-65.4M	-70.42M	-74.9M	-73.86M	-67.5M	-61.06M	-52.85M	-42.33M	-36.37M	-28.14M	-19.92M	-14.87M	-11.8M	-8.8M	-4.17M	-2.03M
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	593K	687K	-335K	-505K	-792K	2K	-250K	-459K	-245.38K	-1.27K	-1.55K	-301	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-27.89K	300K	0	29.09K	189.95K
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Key Metrics

Growth RegimeAccelerating

ProfitabilityNegative

Balance SheetVulnerable

Cash FlowBurning

Top Statement Risk

Liquidity and solvency pressure

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Deteriorating Solvency Amidst Expansion

As reported in recent financial statements, Genasys's equity base has contracted significantly to $3.0 million in 2026Q2 from $40.6 million in 2024Q1, signaling a rapid erosion of book value that underscores the company's struggle to achieve sustainable profitability while scaling its operations.

The consistent decline in retained earnings, which reached -$126.0 million, suggests that the company's growth initiatives are currently value-destructive from a balance sheet perspective. Investors should monitor whether the recent revenue acceleration can eventually stabilize this downward trajectory in shareholder equity.

Tightening Liquidity and Cash Runway

According to quarterly filings, the current ratio has compressed to 0.73 in 2026Q2, reflecting a precarious liquidity position where current liabilities significantly outweigh current assets, leaving the firm with minimal buffer to absorb operational shocks or delays in government contract payments.

With cash reserves dwindling to $931,000, the company appears to be operating with an extremely thin margin for error. This liquidity constraint may necessitate dilutive financing or further debt accumulation if the current cash burn rate is not addressed immediately.

Leverage Ratios Signal Financial Strain

Based on the provided balance sheet data, the debt-to-equity ratio has surged to 5.74 in 2026Q2, indicating that the company is increasingly reliant on debt financing to sustain its operations as its equity base continues to shrink under persistent operating losses.

The reliance on debt in the face of negative earnings suggests that the company's capital structure is becoming increasingly fragile. This leverage profile warrants close scrutiny, as it may limit the company's financial flexibility and increase the cost of capital in future periods.

Goodwill Impairment Risk Remains Elevated

As indicated by the company's balance sheet, goodwill remains a substantial asset at $13.4 million, which is more than four times the total equity of $3.0 million, creating a significant risk of future impairment charges if the software pivot fails to meet performance expectations.

The presence of such a large intangible asset relative to the total equity base suggests that the balance sheet is highly sensitive to management's assumptions regarding future growth. Any downward revision in the valuation of these assets could further erode the company's already thin equity position.

GNSS — Frequently Asked Questions

Quick answers to the most common questions about buying GNSS stock.

What are the total assets of Genasys Inc. (GNSS)?

As of 2025, Genasys Inc. (GNSS) had total assets of $63.9M including $39.3M in current assets.

How much debt does Genasys Inc. (GNSS) have?

Genasys Inc. (GNSS) carries total debt of $21.4M, offset by $8.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Genasys Inc.?

Genasys Inc. (GNSS) has total shareholders' equity (book value) of $2.2M ($0.05 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Genasys Inc.'s current ratio and liquidity?

Genasys Inc. (GNSS) reported a current ratio of 0.72x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.