The company maintains a conservative capital structure with a negligible debt-to-equity ratio of 0.01 and a robust current ratio of 8.80 as of 2026Q1.
| Total Current Assets | 680.78M | 698.62M | 714.45M | 845.33M | 629.37M | 470.11M | 289.59M | 213.21M | 77.76M | 37.15M | 14.3M |
| Cash & Short-Term Investments | 537.16M | 555.33M | 596.47M | 741.61M | 547.38M | 415.91M | 260.53M | 193.36M | 61.3M | 25.04M | 8.28M |
| Cash Only | 394.3M | 302.54M | 155.33M | 144.41M | 97.54M | 68.14M | 68.94M | 44.73M | 24.72M | 17.59M | 6.7M |
| Short-Term Investments | 142.86M | 252.79M | 441.14M | 597.19M | 449.84M | 347.78M | 191.6M | 148.63M | 36.58M | 7.45M | 1.59M |
| Accounts Receivable | 40.7M | 49.28M | 41.05M | 43.63M | 28.27M | 24.77M | 14.07M | 10.44M | 9.5M | 7.07M | 2.9M |
| Days Sales Outstanding | 51.77 | 48.55 | 37.95 | 32.36 | 22.71 | 25.29 | 24.92 | 24.37 | 34.63 | 48.3 | 45.78 |
| Inventory | 71.41M | 89.37M | 59.55M | 45.09M | 39.9M | 21.03M | 14.98M | 9.41M | 6.96M | 5.04M | 2.76M |
| Days Inventory Outstanding | 330.03 | 410.19 | 279.54 | 203.94 | 198.17 | 143.2 | 177.28 | 169.68 | 168.79 | 203 | 178.21 |
| Other Current Assets | 31.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 362K |
| Total Non-Current Assets | 70.06M | 67.81M | 71.22M | 17.96M | 15.04M | 8.43M | 6.17M | 5.18M | 3.29M | 2.29M | 2.19M |
| Property, Plant & Equipment | 11.23M | 10.87M | 11.05M | 12.08M | 7.37M | 5.72M | 2.13M | 2.3M | 544K | 346K | 404K |
| Fixed Asset Turnover | 33.44x | 34.07x | 35.72x | 40.73x | 61.63x | 62.46x | 96.54x | 67.87x | 184.12x | 154.50x | 57.13x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 11.02M | 3.71M | 700K | 700K | 600K | 600K | 3.97M | 600K | 544K | 1.14M | 0 |
| Other Non-Current Assets | 0 | 0 | 3.18M | 3.67M | 3.97M | 768K | 0 | 374K | 1.44M | 1.14M | 1.78M |
| Total Assets | 750.84M | 766.43M | 785.67M | 863.29M | 644.41M | 478.54M | 295.76M | 218.38M | 81.06M | 39.44M | 16.49M |
| Asset Turnover | 0.51x | 0.48x | 0.50x | 0.57x | 0.70x | 0.75x | 0.70x | 0.72x | 1.24x | 1.36x | 1.40x |
| Asset Growth % | -24.38% | -2.45% | -8.99% | 33.97% | 34.66% | 61.8% | 35.43% | 169.42% | 105.51% | 139.22% | - |
| Total Current Liabilities | 77.35M | 70.74M | 69.85M | 64.14M | 82.02M | 51.85M | 35.03M | 32.49M | 29.43M | 13.46M | 7.37M |
| Accounts Payable | 16.85M | 17.91M | 13.78M | 13.97M | 16.24M | 8.78M | 6.41M | 3.7M | 4.51M | 3.06M | 1.6M |
| Days Payables Outstanding | 75.8 | 82.21 | 64.7 | 63.16 | 80.67 | 59.79 | 75.84 | 66.77 | 109.3 | 123.53 | 103.37 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 880K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 44.46M | 0 | 16.75M | 10.92M | 13.8M | 13.8M | 11.9M | 15.59M | 5.75M | 1.13M | 0 |
| Other Current Liabilities | 44.13M | 26.7M | 33.49M | 33.49M | 31.29M | 26.82M | 5.06M | 13M | 13.37M | 4.22M | 5.77M |
| Current Ratio | 8.80x | 9.88x | 10.23x | 13.18x | 7.67x | 9.07x | 8.27x | 6.56x | 2.64x | 2.76x | 1.94x |
| Quick Ratio | 7.88x | 8.61x | 9.38x | 12.48x | 7.19x | 8.66x | 7.84x | 6.27x | 2.41x | 2.39x | 1.57x |
| Cash Conversion Cycle | 306 | 376.53 | 252.8 | 173.14 | 140.2 | 108.7 | 126.36 | 127.28 | 94.12 | 127.77 | 120.61 |
| Total Non-Current Liabilities | 12.23M | 12.49M | 12M | 11.78M | 7.77M | 10.89M | 5.26M | 6.09M | 6.95M | 6.53M | 0 |
| Long-Term Debt | 0 | 5.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 21.53M | 5.01M | 5.31M | 6.61M | 3.51M | 3.31M | 358K | 744K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37K | 11K | 106K | 0 |
| Other Non-Current Liabilities | 4.66M | -572K | 3.36M | 1.4M | 303K | 4.83M | 2.91M | 1.49M | 2.96M | 3.07M | 0 |
| Total Liabilities | 89.58M | 83.23M | 81.85M | 75.91M | 89.79M | 62.74M | 40.29M | 38.58M | 36.38M | 19.99M | 7.37M |
| Total Debt | 4.83M | 13.23M | 7.82M | 9.02M | 4.96M | 4.52M | 1.24M | 744K | 0 | 0 | 0 |
| Net Debt | -389.47M | -289.31M | -147.51M | -135.39M | -92.58M | -63.62M | -67.7M | -43.98M | -24.72M | -17.59M | -6.7M |
| Debt / Equity | 0.01x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | - | - | - |
| Debt / EBITDA | 0.06x | 0.15x | 0.07x | 0.05x | 0.02x | 0.03x | 0.02x | 0.01x | - | - | - |
| Net Debt / EBITDA | -4.84x | -3.36x | -1.30x | -0.69x | -0.47x | -0.38x | -0.92x | -0.73x | -1.04x | -1.92x | -8.17x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 661.25M | 683.2M | 703.81M | 787.37M | 554.62M | 415.8M | 255.47M | 179.8M | 44.68M | 22.52M | 9.1M |
| Equity Growth % | -23.84% | -2.93% | -10.61% | 41.97% | 33.39% | 62.76% | 42.09% | 302.46% | 98.39% | 147.35% | - |
| Book Value per Share | 10.34 | 10.44 | 8.73 | 9.16 | 6.49 | 4.83 | 3.03 | 2.36 | 0.70 | 0.35 | 0.17 |
| Total Shareholders' Equity | 661.25M | 683.2M | 703.81M | 787.37M | 554.62M | 415.8M | 253.96M | 176.07M | 43.26M | 19.45M | 8.92M |
| Common Stock | 0 | 251K | 249K | 245K | 241K | 239K | 108K | 93K | 74K | 74K | 41K |
| Retained Earnings | 0 | 968.53M | 874.7M | 693.43M | 495.51M | 333.99M | 169.02M | 93.99M | 32.97M | 10.82M | 3.15M |
| Treasury Stock | 0 | -495.27M | -367.82M | -82.44M | -82.44M | -39.8M | -17.22M | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 69K | -340K | -1.68M | -7.49M | -1.32M | 356K | 124K | 66K | 541K | 166K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1.51M | 3.74M | 1.41M | 3.07M | 183K |
Geopolitical and cyclical exposure
As reported in recent financial statements, InMode's total assets have declined from a peak of $891.7M in 2024Q1 to $750.8M in 2026Q1, signaling a contraction in the company's resource base as the business navigates a period of decelerating demand for its aesthetic platform hardware.
The reduction in total assets appears to reflect a combination of lower cash accumulation and a potential cooling of capital equipment sales. Investors should monitor whether this downward trajectory in asset volume indicates a permanent shift in the company's market reach or merely a temporary cyclical trough.
Based on InMode's reported figures, the company maintains a current ratio of 8.80 as of 2026Q1, providing a substantial liquidity buffer that remains well above industry norms despite the recent decline in cash reserves from the 2025Q4 level of $302.5M to $394.3M in 2026Q1.
The exceptionally high current ratio suggests that the company is well-positioned to meet short-term obligations even if revenue headwinds persist. This liquidity profile provides management with significant optionality, though the efficiency of deploying this capital remains a critical point of investor scrutiny.
According to recent SEC filings, InMode maintains a negligible debt-to-equity ratio of 0.01 as of 2026Q1, underscoring a conservative capital structure that effectively insulates the firm from the interest rate sensitivity currently impacting many of its peers in the medical device sector.
The near-absence of debt highlights a strategic preference for self-funding, which reduces refinancing risk in a volatile macroeconomic environment. This debt-free status appears to be a core pillar of the company's fortress balance sheet, allowing for operational focus without the burden of mandatory interest payments.
As indicated by the company's financial disclosures, equity has remained relatively stable at $661.3M in 2026Q1, though the absence of consistent growth in retained earnings suggests that recent capital allocation strategies may be offsetting the organic accumulation of value within the shareholder equity base.
The stability of the equity base suggests that the company is not currently diluting shareholders, which is a positive signal for long-term holders. However, the lack of significant growth in retained earnings warrants further investigation into whether capital is being effectively reinvested to drive future product innovation.
Quick answers to the most common questions about buying INMD stock.
As of 2025, InMode Ltd. (INMD) had total assets of $766.4M including $698.6M in current assets.
InMode Ltd. (INMD) carries total debt of $13.2M, offset by $555.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
InMode Ltd. (INMD) has total shareholders' equity (book value) of $683.2M ($10.44 book value per share). Book value represents the net worth of the company belonging to common stock holders.
InMode Ltd. (INMD) reported a current ratio of 9.88x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.