The company's financial position appears increasingly fragile, with equity deteriorating to -$62.6M and a current ratio of 0.81, indicating that current liabilities now exceed current assets.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|
| Total Current Assets | 301.98M | 374.42M | 315.36M | 255.58M | 367.35M | 588.05M | 934.03M | 887.91M | 998.63M | 1.07B | 1.09B | 1.08B | 1.39B | 1.56B | 1.49B | 1.32B | 173.85M | 14.21M |
| Cash & Short-Term Investments | 225.51M | 296.08M | 228.84M | 141.56M | 281.28M | 498.73M | 850.59M | 750.89M | 841.02M | 880.13M | 862.98M | 853.36M | 1.02B | 1.24B | 1.21B | 1.12B | 118.83M | 12.31M |
| Cash Only | 225.51M | 296.08M | 228.84M | 141.56M | 281.28M | 498.73M | 850.59M | 750.89M | 841.02M | 880.13M | 862.98M | 853.36M | 1.02B | 1.24B | 1.21B | 1.12B | 118.83M | 12.31M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 27.74M | 25.79M | 36.84M | 55.72M | 51.66M | 44.47M | 48.44M | 59.74M | 76.21M | 108.59M | 88.73M | 114.96M | 150.11M | 136.63M | 113.15M | 110.02M | 42.41M | 601K |
| Days Sales Outstanding | 21.14 | 18.89 | 27.3 | 39.5 | 31.48 | 16.78 | 12.48 | 9.83 | 10.55 | 13.94 | 10.3 | 13.45 | 17.17 | 19.38 | 17.69 | 24.72 | 21.7 | 15.09 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 1.28M | 25.43M | 33.74M | 25.53M | 31.04M | 42.3M | 52.24M | 57.1M | 39.73M | 6.07M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | 0.63 | 8.99 | 9.36 | 6.17 | 6.34 | 8.9 | 11.61 | 19.44 | 20.17 | 8.87 | - | - |
| Other Current Assets | 48.72M | 52.55M | 38.36M | 48.5M | 18.36M | 16.31M | 15.69M | 24.78M | 19.45M | 17.8M | 75.05M | 15.48M | 133.32M | 81.59M | 85.31M | 64.64M | 0 | 0 |
| Total Non-Current Assets | 293.88M | 295.99M | 297.33M | 315.37M | 425.77M | 569.83M | 477.48M | 698.83M | 643.51M | 605.06M | 669.44M | 721.02M | 842.54M | 479.51M | 543.69M | 451.15M | 207.72M | 755K |
| Property, Plant & Equipment | 21.36M | 22.44M | 23.87M | 32.73M | 68.86M | 121.54M | 160.63M | 233.34M | 143.12M | 151.15M | 169.45M | 198.9M | 176M | 134.42M | 121.07M | 51.8M | 16.49M | 274K |
| Fixed Asset Turnover | 21.82x | 22.22x | 20.64x | 15.73x | 8.70x | 7.96x | 8.82x | 9.51x | 18.42x | 18.82x | 18.55x | 15.68x | 18.13x | 19.15x | 19.28x | 31.37x | 43.26x | 53.07x |
| Goodwill | 178.69M | 178.69M | 178.69M | 178.69M | 178.69M | 216.39M | 214.7M | 325.02M | 325.49M | 286.99M | 274.55M | 287.33M | 236.76M | 220.83M | 206.68M | 166.9M | 132.04M | 0 |
| Intangible Assets | 2.86M | 3.22M | 4.74M | 11.4M | 17.64M | 24.31M | 30.15M | 35.29M | 45.4M | 19.2M | 42.91M | 36.48M | 30.61M | 28.44M | 42.6M | 45.67M | 40.77M | 239K |
| Long-Term Investments | 299.29M | 74.82M | 74.82M | 74.82M | 119.54M | 119.54M | 37.67M | 76.58M | 108.52M | 135.19M | 141.88M | 178.24M | 24.3M | 20.65M | 84.21M | 50.6M | 0 | 0 |
| Other Non-Current Assets | 7.25M | 7.17M | 9.14M | 6.09M | 27.49M | 25.1M | 22.73M | 23.78M | 20.99M | 12.54M | 35.41M | 16.62M | 317.28M | 39.23M | 59.21M | 90.07M | 3.87M | 242K |
| Total Assets | 595.85M | 670.41M | 612.69M | 570.96M | 793.12M | 1.16B | 1.41B | 1.59B | 1.64B | 1.68B | 1.76B | 1.8B | 2.23B | 2.04B | 2.03B | 1.77B | 381.57M | 14.96M |
| Asset Turnover | 0.79x | 0.74x | 0.80x | 0.90x | 0.76x | 0.84x | 1.00x | 1.40x | 1.61x | 1.70x | 1.78x | 1.74x | 1.43x | 1.26x | 1.15x | 0.92x | 1.87x | 0.97x |
| Asset Growth % | 31.39% | 9.42% | 7.31% | -28.01% | -31.5% | -17.97% | -11.04% | -3.37% | -2.11% | -4.76% | -1.94% | -19.36% | 9.09% | 0.52% | 14.78% | 363.85% | 2450.26% | - |
| Total Current Liabilities | 374.36M | 383.91M | 305.43M | 369.15M | 531.44M | 630.99M | 938.99M | 821.55M | 957.17M | 1.13B | 1.21B | 1.2B | 1.29B | 1.19B | 1.17B | 995.16M | 370.42M | 10.22M |
| Accounts Payable | 8.3M | 244.16M | 11.31M | 15.02M | 59.57M | 22.16M | 33.03M | 20.41M | 38.36M | 31.97M | 28.55M | 24.59M | 13.82M | 27.57M | 59.87M | 40.92M | 219.95M | 182K |
| Days Payables Outstanding | 511.72 | 1.62K | 85.56 | 85.31 | 285.1 | 35.18 | 16.3 | 7.21 | 10.64 | 7.73 | 5.83 | 5.17 | 3.07 | 9.39 | 30.39 | 59.76 | 185.23 | 14.09 |
| Short-Term Debt | 49.27M | 37.24M | 0 | 42.78M | 75M | 100M | 200M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 25.83M | 0 | 26.48M | 29.33M | 36.22M | 56.56M | 72.23M | 31.71M | 40.57M | 58.03M | 77.89M | 72.69M | 89.07M | 91.99M | 84.76M | 38.78M | 0 | 0 |
| Other Current Liabilities | 316.79M | 94.98M | 37.38M | 51.35M | 78.11M | 112.79M | 161.85M | 141.56M | 161.18M | 204.66M | 295.88M | 289.37M | 329.41M | 145.73M | 173.17M | 184.8M | 38.82M | 1.21M |
| Current Ratio | 0.81x | 0.98x | 1.03x | 0.69x | 0.69x | 0.93x | 0.99x | 1.08x | 1.04x | 0.95x | 0.90x | 0.89x | 1.07x | 1.32x | 1.27x | 1.33x | 0.47x | 1.39x |
| Quick Ratio | 0.81x | 0.98x | 1.03x | 0.69x | 0.69x | 0.93x | 0.99x | 1.05x | 1.01x | 0.92x | 0.87x | 0.86x | 1.03x | 1.27x | 1.24x | 1.32x | 0.47x | 1.39x |
| Cash Conversion Cycle | -490.57 | - | - | - | - | - | -3.19 | 11.6 | 9.27 | 12.38 | 10.81 | 17.18 | 25.7 | 29.43 | 7.47 | -26.18 | - | - |
| Total Non-Current Liabilities | 283.97M | 328.89M | 266.21M | 242.11M | 252.82M | 316.6M | 364.85M | 370.15M | 302.36M | 292.16M | 283.26M | 122.15M | 169.06M | 142.55M | 120.93M | 79.85M | 1.62M | 34.71M |
| Long-Term Debt | 262.4M | 309.15M | 246.01M | 226.47M | 224.92M | 223.4M | 229.49M | 214.87M | 201.67M | 189.75M | 179M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 13.99M | 3.21M | 3.6M | 2.38M | 9.31M | 58.75M | 90.93M | 116.13M | 12.48M | 18.5M | 19.72M | 30.94M | 23.39M | 5.67M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 10.26M | 2.06M | 1.92M | 2.52M | 3.1M | 2.8M | 3.17M | 3.9M | 6.62M | 811K | 1.71M | 8.61M | 32.77M | 10.85M | 20.86M | 7.43M | 604K | 0 |
| Other Non-Current Liabilities | 14.85M | 14.46M | 14.68M | 10.74M | 15.49M | 31.65M | 41.26M | 35.25M | 49.4M | 54.06M | 82.84M | 82.6M | 99.7M | 116.88M | 90.91M | 67.7M | 1.02M | 34.71M |
| Total Liabilities | 658.33M | 712.8M | 571.64M | 611.27M | 784.26M | 947.59M | 1.3B | 1.19B | 1.26B | 1.43B | 1.5B | 1.33B | 1.46B | 1.33B | 1.29B | 1.08B | 372.04M | 44.93M |
| Total Debt | 314.19M | 349.6M | 252.93M | 278.75M | 346.76M | 414.21M | 558.17M | 371.76M | 231.36M | 234.21M | 227.6M | 57.72M | 38.26M | 9.3M | 0 | 0 | 0 | 0 |
| Net Debt | 88.67M | 53.52M | 24.09M | 137.19M | 65.48M | -84.51M | -292.42M | -379.13M | -609.66M | -645.92M | -635.37M | -795.64M | -978.38M | -1.23B | -1.21B | -1.12B | -118.83M | -12.31M |
| Debt / Equity | -5.03x | - | 6.16x | - | 39.15x | 1.97x | 5.18x | 0.94x | 0.60x | 0.93x | 0.86x | 0.12x | 0.05x | 0.01x | - | - | - | - |
| Debt / EBITDA | 8.84x | 11.08x | 6.37x | 8.46x | - | 6.08x | - | 2.55x | 1.36x | 1.40x | 8.71x | 1.09x | 0.29x | 0.06x | - | - | - | - |
| Net Debt / EBITDA | 2.49x | 1.70x | 0.61x | 4.16x | - | -1.24x | - | -2.60x | -3.59x | -3.86x | -24.30x | -14.96x | -7.52x | -7.45x | -7.83x | - | - | - |
| Interest Coverage | -3.36x | 0.91x | -2.56x | -1.76x | -12.35x | 6.12x | -7.86x | 0.43x | 1.05x | 2.75x | -9.78x | -37.76x | -53.55x | -63.98x | - | - | -542.90x | -67.31x |
| Total Equity | -62.47M | -42.39M | 41.05M | -40.31M | 8.86M | 210.3M | 107.67M | 395.05M | 382.61M | 251.84M | 265.06M | 470.59M | 764.94M | 711.68M | 742.1M | 699.47M | 9.53M | -29.97M |
| Equity Growth % | -660.78% | -203.26% | 201.83% | -555.09% | -95.79% | 95.31% | -72.74% | 3.25% | 51.92% | -4.99% | -43.67% | -38.48% | 7.48% | -4.1% | 6.1% | 7239.63% | 131.8% | - |
| Book Value per Share | -1.54 | -1.05 | 1.05 | -1.29 | 0.29 | 6.27 | 3.76 | 13.92 | 13.51 | 8.86 | 9.20 | 14.48 | 22.67 | 21.44 | 22.83 | 38.62 | 0.62 | -1.96 |
| Total Shareholders' Equity | -62.59M | -42.56M | 40.81M | -40.63M | 8.47M | 209.87M | 107.67M | 393.94M | 381.25M | 250.97M | 264.42M | 469.4M | 762.83M | 713.65M | 744.04M | 702.54M | 8.08M | -29.97M |
| Common Stock | 5K | 5K | 5K | 4K | 4K | 4K | 4K | 4K | 76K | 75K | 74K | 72K | 70K | 67K | 65K | 64K | 4K | 3K |
| Retained Earnings | -1.61B | -1.59B | -1.51B | -1.45B | -1.39B | -1.16B | -1.32B | -1.03B | -1.01B | -1.09B | -1.1B | -901.29M | -921.96M | -848.87M | -753.48M | -698.7M | -419.47M | -29.83M |
| Treasury Stock | -943.96M | -922.67M | -922.67M | -922.67M | -922.67M | -922.67M | -922.67M | -922.67M | -877.49M | -867.45M | -807.42M | -645.04M | -198.47M | -46.59M | 0 | 0 | -503.17M | 0 |
| Accumulated OCI | -3.2M | -5.5M | 30.73M | -5.65M | 2.94M | -4.81M | 3.11M | 39.08M | 34.6M | 31.84M | 58.05M | 51.21M | 35.76M | 24.83M | 12.45M | 12.93M | 9.88M | 0 |
| Minority Interest | 118K | 172K | 236K | 319K | 383K | 424K | -1K | 1.11M | 1.36M | 872K | 642K | 1.19M | 2.12M | -1.97M | -1.94M | -3.07M | 1.45M | 0 |
Negative equity and leverage
As reported in recent financial statements, Groupon's equity position has deteriorated into negative territory, reaching -$62.6M in 2026Q1, which signals a concerning trajectory where accumulated losses continue to outpace the company's ability to generate retained earnings or maintain a positive net asset base.
The shift from positive equity in mid-2025 to a deficit in early 2026 suggests that the company's restructuring efforts have yet to stabilize the balance sheet. Investors should monitor whether this trend of eroding book value persists, as it may limit future financial flexibility and increase reliance on external financing.
Based on the provided balance sheet data, Groupon's debt load of $314.2M as of 2026Q1 represents a significant burden relative to its asset base, with the company's inability to maintain consistent positive equity suggesting that debt servicing may become increasingly difficult without sustained operational improvements.
The fluctuation in debt levels, which rose from $233.1M in 2024Q1 to $314.2M in 2026Q1, indicates that the company is utilizing debt to bridge operational gaps. This reliance on leverage in a period of stagnant growth warrants further investigation into the maturity profile and potential refinancing risks.
According to quarterly filings, the current ratio has declined to 0.81 in 2026Q1, indicating that current liabilities now exceed current assets, which leaves the company with a limited buffer to absorb unexpected shocks or fund ongoing working capital requirements during seasonal troughs.
The compression of the current ratio from 1.03 in 2024Q4 to 0.81 suggests that liquidity is tightening as the company navigates its turnaround. This trend implies that the firm may face increased pressure to manage its cash conversion cycle more aggressively to avoid potential liquidity shortfalls.
As evidenced by the balance sheet, goodwill remains a substantial component of total assets at $178.7M, representing nearly 30% of the $595.9M total asset base, which suggests that the company's valuation is heavily reliant on historical acquisitions that may be subject to future impairment.
The concentration of intangible assets relative to a shrinking total asset base highlights a potential risk to the balance sheet's integrity. If the core business continues to struggle with user retention, the carrying value of this goodwill may require downward adjustments, further pressuring the equity position.
Quick answers to the most common questions about buying GRPN stock.
As of 2025, Groupon, Inc. (GRPN) had total assets of $670.4M including $374.4M in current assets.
Groupon, Inc. (GRPN) carries total debt of $349.6M, offset by $296.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Groupon, Inc. (GRPN) has total shareholders' equity (book value) of $-42.6M ($-1.05 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Groupon, Inc. (GRPN) reported a current ratio of 0.98x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.