The company's financial position is increasingly vulnerable, with the current ratio deteriorating to 0.69 in 2026Q1 and negative retained earnings ballooning to $130.6 million.
| 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 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 2M | 4.23M | 5.53M | 1.14M | 5.42M | 5.49M | 18.31M | 5.05M | 3.71M | 1.29M | 929K | 796K | 1.86M | 2.07M | 1.05M | 883K | 846K | 945K | 971K | 693K | 2.18M | 4.35M | 4.95M | 5.39M | 15.26M | 34.04M | 64.28M | 103.8M | 42.6M | 62M | 64.9M |
| Cash & Short-Term Investments | 1.37M | 3.62M | 4.85M | 139K | 3.02M | 4.1M | 16.7M | 3.33M | 1.65M | 224K | 64K | 102K | 1.01M | 1.14M | 52K | 308K | 540K | 519K | 554K | 362K | 933K | 3.34M | 2.39M | 2.68M | 10.72M | 20.43M | 37.85M | 86.3M | 16.8M | 17.9M | 6.6M |
| Cash Only | 1.37M | 3.62M | 4.85M | 139K | 3.02M | 4.1M | 16.7M | 3.33M | 1.65M | 224K | 64K | 102K | 1.01M | 1.14M | 52K | 308K | 540K | 519K | 554K | 362K | 933K | 2.84M | 2.31M | 974K | 2.9M | 15.78M | 20.34M | 12.6M | 16.8M | 17.9M | 6.6M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K | 75K | 1.71M | 7.83M | 4.65M | 17.51M | 73.7M | 0 | 0 | 0 |
| Accounts Receivable | 37K | 131K | 192K | 668K | 1.89M | 1.03M | 1.23M | 1.57M | 1.97M | 962K | 745K | 580K | 737K | 816K | 946K | 480K | 222K | 351K | 341K | 110K | 844K | 443K | 1.22M | 972K | 2.36M | 7.99M | 8.63M | 5.4M | 6.3M | 11.8M | 16.7M |
| Days Sales Outstanding | 56.77 | 6.74 | 12.14 | 43.45 | 91.77 | 51.86 | 67.99 | 41.9 | 69.87 | 51.17 | 44.56 | 31.02 | 37.26 | 38.87 | 51.56 | 32.76 | 14.5 | 26.04 | 30.06 | 11.44 | 58.77 | 27.05 | 73.98 | 54.77 | 110.1 | 174.68 | 135.72 | 33.98 | 30.82 | 46.66 | 51.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15K | 45K | 45K | 12K | 19K | 5K | 5K | 61K | 7K | 20K | 146K | 209K | 373K | 950K | 1.29M | 1.41M | 5.02M | 8.36M | 10.7M | 9.3M | 14.7M | 25.6M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 0 | 1.94 | 7.52 | 6.49 | 1.73 | 2.52 | 0.67 | 0.89 | 10.81 | 1.54 | 5.31 | 38.73 | 34.61 | 54.15 | 117.54 | 117.7 | 83.78 | 135.72 | 197.75 | 130.62 | 72.84 | 102.2 | 160.83 |
| Other Current Assets | 602K | 476K | 0 | 14K | 98K | 80K | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 759K | 601K | 9.44M | 1.4M | 10.2M | 17.6M | 16M |
| Total Non-Current Assets | 5.93M | 6.16M | 5.97M | 5.11M | 3.85M | 3.74M | 1.57M | 1.78M | 359K | 162K | 348K | 529K | 452K | 348K | 308K | 247K | 156K | 185K | 208K | 183K | 203K | 297K | 363K | 374K | 1.68M | 8.26M | 28.14M | 16.7M | 19.1M | 15.2M | 17M |
| Property, Plant & Equipment | 10.36M | 5.9M | 5.69M | 4.94M | 3.71M | 3.58M | 1.5M | 1.75M | 321K | 124K | 308K | 486K | 391K | 297K | 260K | 207K | 117K | 146K | 169K | 144K | 162K | 256K | 299K | 297K | 1.6M | 3.6M | 7.13M | 4.2M | 7.6M | 11.8M | 11.7M |
| Fixed Asset Turnover | 0.90x | 1.20x | 1.01x | 1.14x | 2.03x | 2.03x | 4.42x | 7.82x | 32.01x | 55.34x | 19.81x | 14.04x | 18.46x | 25.80x | 25.76x | 25.84x | 47.76x | 33.70x | 24.50x | 24.38x | 32.36x | 23.35x | 20.13x | 21.81x | 4.91x | 4.63x | 3.25x | 13.81x | 9.82x | 7.82x | 10.08x |
| Goodwill | 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 |
| Intangible Assets | 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 | 3.81M | 7.63M | 9M | 10.6M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 1.87M | 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 Assets | -4.43M | 257K | -1.59M | 171K | 143K | 166K | 79K | 38K | 38K | 38K | 40K | 43K | 61K | 51K | 48K | 40K | 39K | 39K | 39K | 39K | 41K | 41K | 64K | 77K | 86K | 848K | 13.37M | 3.5M | 900K | 3.4M | 5.3M |
| Total Assets | 7.94M | 10.39M | 11.51M | 6.25M | 9.28M | 9.23M | 19.88M | 6.83M | 4.07M | 1.45M | 1.28M | 1.32M | 2.31M | 2.42M | 1.36M | 1.13M | 1M | 1.13M | 1.18M | 876K | 2.39M | 4.65M | 5.32M | 5.76M | 16.94M | 42.3M | 92.41M | 120.5M | 61.7M | 77.2M | 81.9M |
| Asset Turnover | 0.51x | 0.68x | 0.50x | 0.90x | 0.81x | 0.79x | 0.33x | 2.00x | 2.53x | 4.73x | 4.78x | 5.15x | 3.12x | 3.17x | 4.93x | 4.73x | 5.58x | 4.35x | 3.51x | 4.01x | 2.20x | 1.29x | 1.13x | 1.12x | 0.46x | 0.39x | 0.25x | 0.48x | 1.21x | 1.20x | 1.44x |
| Asset Growth % | 137.55% | -9.75% | 84.2% | -32.64% | 0.45% | -53.56% | 190.89% | 67.98% | 180.23% | 13.7% | -3.62% | -42.69% | -4.34% | 77.85% | 20.27% | 12.77% | -11.33% | -4.16% | 34.59% | -63.3% | -48.64% | -12.57% | -7.71% | -66% | -59.95% | -54.23% | -23.31% | 95.3% | -20.08% | -5.74% | 14.23% |
| Total Current Liabilities | 2.88M | 1.78M | 3.67M | 14.26M | 13.25M | 3.39M | 2.14M | 1.94M | 3.25M | 2.08M | 1.73M | 1.58M | 1.47M | 1.69M | 1.26M | 1.01M | 1.53M | 1.13M | 2.29M | 1.1M | 1.67M | 1.67M | 2.47M | 2.98M | 4.55M | 8.8M | 11.76M | 37.2M | 10.8M | 10.2M | 10.4M |
| Accounts Payable | 1.05M | 492K | 1.51M | 2.21M | 1.27M | 718K | 408K | 252K | 193K | 194K | 205K | 220K | 193K | 156K | 159K | 171K | 167K | 202K | 204K | 261K | 555K | 415K | 791K | 1.08M | 2.9M | 6M | 9.88M | 11.9M | 7.7M | 8.7M | 8.7M |
| Days Payables Outstanding | 168.56 | 104.71 | 410.45 | 643.18 | 138.53 | 72.38 | 54.97 | 17.22 | 18.31 | 25.07 | 34.28 | 31.74 | 27.82 | 20.7 | 21.44 | 30.34 | 29.59 | 44.36 | 54.15 | 69.23 | 91.91 | 60.25 | 97.87 | 98.85 | 172.49 | 162.34 | 233.82 | 145.28 | 60.31 | 60.49 | 54.66 |
| Short-Term Debt | 273K | 433K | 529K | 10.82M | 10.11M | 0 | 421K | 0 | 58K | 44K | 139K | 0 | 0 | 106K | 130K | 80K | 0 | 0 | 0 | 100K | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 4.7M | 503K | 730K | 439K | 455K | 0 | 0 | 516K | 1M | 406K | 395K | 386K | 442K | 139K | 52K | 97K | 983K | 182K | 1.09M | 312K | 367K | 527K | 799K | 788K | 1.65M | 1.66M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 519K | 357K | 0 | 23K | 215K | 560K | 177K | 0 | 1.48M | 976K | 884K | 211K | 104K | 1.34M | 960K | 43K | 95K | 521K | 651K | 134K | 217K | 121K | 558K | 1.11M | 0 | 1.14M | 1.88M | 25.3M | 3.1M | 1.5M | 1.7M |
| Current Ratio | 0.69x | 2.37x | 1.51x | 0.08x | 0.41x | 1.62x | 8.55x | 2.60x | 1.14x | 0.62x | 0.54x | 0.50x | 1.27x | 1.22x | 0.83x | 0.88x | 0.55x | 0.84x | 0.42x | 0.63x | 1.31x | 2.61x | 2.01x | 1.81x | 3.35x | 3.87x | 5.46x | 2.79x | 3.94x | 6.08x | 6.24x |
| Quick Ratio | 0.69x | 2.37x | 1.51x | 0.08x | 0.41x | 1.62x | 8.55x | 2.60x | 1.14x | 0.61x | 0.51x | 0.47x | 1.26x | 1.21x | 0.83x | 0.87x | 0.51x | 0.83x | 0.41x | 0.50x | 1.19x | 2.38x | 1.62x | 1.38x | 3.04x | 3.30x | 4.75x | 2.50x | 3.08x | 4.64x | 3.78x |
| Cash Conversion Cycle | -111.79 | - | - | - | - | - | - | - | 51.56 | 28.03 | 17.81 | 5.78 | 11.17 | 20.69 | 30.79 | 3.3 | -4.28 | -16.79 | -18.78 | -19.07 | 1.47 | 20.95 | 93.66 | 73.62 | 21.38 | 148.06 | 99.64 | 19.32 | 43.36 | 88.38 | 157.87 |
| Total Non-Current Liabilities | 1.35M | 1.32M | 1.59M | 1.54M | 241K | 1.92M | 2.08M | 1.34M | 1.88M | 2.88M | 2.95M | 1.67M | 1.66M | 1.59M | 1.65M | 1.58M | 230K | 970K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.86M | 1.7M | 1.4M | 600K | 600K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 212K | 0 | 1.81M | 2.87M | 2.88M | 1.53M | 1.53M | 1.53M | 1.53M | 1.53M | 230K | 970K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24K | 11K | 0 | 0 | 0 |
| Capital Lease Obligations | 5.58M | 1.32M | 1.59M | 1.54M | 241K | 1.92M | 1.87M | 1.34M | 64K | 17K | 61K | 139K | 130K | 67K | 116K | 53K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1.84M | 1.7M | 1.4M | 600K | 600K |
| Other Non-Current 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 | -11K | 0 | 0 | 0 |
| Total Liabilities | 4.24M | 3.11M | 5.26M | 15.8M | 13.49M | 5.31M | 4.22M | 3.28M | 5.13M | 4.96M | 4.68M | 3.25M | 3.13M | 3.28M | 2.91M | 2.59M | 1.76M | 2.1M | 2.29M | 1.1M | 1.67M | 1.67M | 2.47M | 2.98M | 4.55M | 8.8M | 13.63M | 38.9M | 12.2M | 10.8M | 11M |
| Total Debt | 1.63M | 1.76M | 2.73M | 12.93M | 11.32M | 3.5M | 3.01M | 1.66M | 1.94M | 2.93M | 3.08M | 1.87M | 1.8M | 1.7M | 1.87M | 1.74M | 230K | 472K | 334K | 100K | 200K | 263K | 256K | 303K | 2.9M | 0 | 24K | 0 | 0 | 0 | 0 |
| Net Debt | 260K | -1.87M | -2.12M | 12.79M | 8.3M | -598K | -13.7M | -1.67M | 285K | 2.7M | 3.02M | 1.76M | 799K | 564K | 1.82M | 1.43M | -310K | -47K | -220K | -262K | -733K | -2.58M | -2.06M | -671K | 7K | -15.78M | -20.32M | -12.6M | -16.8M | -17.9M | -6.6M |
| Debt / Equity | 0.44x | 0.24x | 0.44x | - | - | 0.89x | 0.19x | 0.47x | - | - | - | - | - | - | - | - | - | - | - | - | 0.28x | 0.09x | 0.09x | 0.11x | 0.23x | - | 0.00x | - | - | - | - |
| Debt / EBITDA | -0.17x | - | - | - | - | - | - | 0.34x | 0.74x | - | - | - | 120.33x | 1.89x | 74.88x | - | 0.78x | 1.43x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.03x | - | - | - | - | - | - | -0.34x | 0.11x | - | - | - | 53.27x | 0.63x | 72.80x | - | -1.05x | -0.14x | - | - | - | - | - | - | - | - | - | - | - | - | -0.34x |
| Interest Coverage | -256.54x | -113.14x | -23.75x | -6.36x | -5.88x | -894.33x | -1085.33x | 98.07x | 13.10x | -3.58x | -9.70x | -10.67x | -2.07x | 5.76x | -1.12x | -11.35x | 6.51x | 3.91x | -12.03x | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 3.7M | 7.28M | 6.25M | -9.55M | -4.21M | 3.92M | 15.66M | 3.56M | -1.06M | -3.51M | -3.4M | -1.93M | -817K | -860K | -1.55M | -1.46M | -762K | -967K | -1.12M | -224K | 721K | 2.98M | 2.85M | 2.78M | 12.38M | 33.5M | 78.79M | 81.6M | 49.5M | 66.4M | 70.9M |
| Equity Growth % | 520.74% | 16.41% | 165.42% | -126.69% | -207.55% | -74.98% | 340.41% | 434.84% | 69.73% | -3.15% | -76.54% | -135.86% | 5% | 44.55% | -6.31% | -91.47% | 21.2% | 13.35% | -398.21% | -131.07% | -75.8% | 4.53% | 2.37% | -77.52% | -63.03% | -57.48% | -3.45% | 64.85% | -25.45% | -6.35% | 20.78% |
| Book Value per Share | 0.18 | 0.37 | 1.19 | -0.79 | -0.35 | 0.21 | 21.34 | 0.23 | -0.07 | -0.27 | -0.27 | -0.15 | -0.07 | -0.06 | -0.13 | -0.12 | -0.05 | -0.08 | -0.10 | -0.02 | 0.10 | 0.46 | 0.55 | 0.54 | 2.40 | 6.52 | 15.39 | 17.58 | 11.52 | 16.16 | 16.86 |
| Total Shareholders' Equity | 3.7M | 7.28M | 6.25M | -9.55M | -4.21M | 3.92M | 15.66M | 3.56M | -1.06M | -3.51M | -3.4M | -1.93M | -817K | -860K | -1.55M | -1.46M | -762K | -967K | -1.12M | -224K | 721K | 2.98M | 2.85M | 2.78M | 12.38M | 33.5M | 78.79M | 81.6M | 49.5M | 66.4M | 70.9M |
| Common Stock | 204K | 201K | 156K | 18K | 212K | 191K | 174K | 136K | 133K | 128K | 128K | 126K | 125K | 122K | 122K | 119K | 118K | 117K | 116K | 116K | 83K | 69K | 54K | 207K | 207K | 206K | 205K | 200K | 0 | 0 | 0 |
| Retained Earnings | -130.63M | -127.07M | -118.01M | -110.22M | -96.33M | -80.1M | -61.3M | -54.78M | -59.24M | -61.53M | -61.5M | -59.95M | -58.7M | -58.42M | -59.05M | -58.8M | -57.87M | -58.09M | -58.28M | -57.47M | -55.08M | -52.05M | -48.73M | -44.2M | -34.6M | -13.33M | 32.45M | 9.2M | 21.3M | 47M | 52M |
| Treasury Stock | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | -362K | 0 | 0 | 0 |
| Accumulated OCI | -43K | -43K | -43K | -43K | -43K | -43K | -43K | -43K | -43K | -107K | -107K | -107K | -107K | -107K | -107K | -107K | -226K | -179K | -179K | -179K | -179K | -179K | -173K | -228K | -228K | -339K | -425K | 42.5M | 0 | 0 | 0 |
| 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 |
Imminent liquidity and solvency risk
As reported in recent financial filings, Intrusion Inc.'s total assets have declined from a peak of $18.0 million in 2025Q1 to just $7.9 million by 2026Q1, reflecting a rapid contraction that underscores the company's struggle to maintain a stable capital base during its SaaS transition.
The consistent decline in total assets suggests that the company is consuming its resource base to fund ongoing operating losses rather than investing in growth. This downward trajectory in asset value, coupled with persistent negative retained earnings, indicates that the firm's financial foundation is weakening significantly over time.
Based on the 2026Q1 balance sheet, the company's current ratio has deteriorated to 0.69, down from a peak of 3.97 in 2025Q1, signaling that current assets are no longer sufficient to cover short-term obligations as cash reserves dwindle toward the $1.4 million level.
The rapid compression of the current ratio suggests that the company is facing an acute liquidity crunch that may necessitate immediate external financing. Investors should monitor this trend closely, as the current cash runway appears insufficient to support the company's high operating burn rate for an extended period.
According to quarterly data, the debt-to-equity ratio has fluctuated significantly, reaching 0.44 in 2026Q1, which, when viewed alongside the company's negative retained earnings of $130.6 million, suggests that debt is being utilized as a survival mechanism rather than a strategic growth tool.
The reliance on debt in the face of massive accumulated deficits implies that the company's capital structure is increasingly strained. This leverage profile warrants further investigation, as the firm's ability to service these obligations remains highly questionable given the absence of positive operating cash flow.
As indicated by the company's financial statements, the equity position has plummeted from $13.4 million in 2025Q1 to $3.7 million in 2026Q1, primarily driven by the relentless accumulation of losses reflected in the $130.6 million negative retained earnings balance.
The persistent erosion of shareholder equity highlights the severe impact of the company's operating losses on its long-term financial health. This trend suggests that the firm is effectively liquidating its book value to sustain operations, which may lead to significant dilution for existing shareholders if capital is raised.
Quick answers to the most common questions about buying INTZ stock.
As of 2025, Intrusion Inc. (INTZ) had total assets of $10.4M including $4.2M in current assets.
Intrusion Inc. (INTZ) carries total debt of $1.8M, offset by $3.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Intrusion Inc. (INTZ) has total shareholders' equity (book value) of $7.3M ($0.37 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Intrusion Inc. (INTZ) reported a current ratio of 2.37x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.