The company's financial position has deteriorated significantly, with shareholder equity falling to negative $26.9 million and total debt remaining elevated at $223.1 million as of 2025Q3.
| Metric | TTM | 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 |
|---|
| Total Current Assets | 248.47M | 288.5M | 465.49M | 528.3M | 789.53M | 881.22M | 594.22M | 514.44M | 434.73M | 383.67M | 389.35M | 374.86M | 300.66M | 237.56M | 284.18M | 206.59M | 159.01M | 124M | 146.6M | 124.61M | 117.97M | 41.54M |
| Cash & Short-Term Investments | 24.83M | 134.3M | 185.12M | 117.95M | 234.5M | 483.72M | 256.42M | 161.98M | 165.86M | 254.45M | 213.04M | 222.12M | 187.36M | 139.2M | 184.12M | 122.31M | 76.81M | 40.85M | 43.28M | 70.38M | 76.06M | 19.44M |
| Cash Only | 24.83M | 134.3M | 185.12M | 117.95M | 201.46M | 432.63M | 239.39M | 130.37M | 128.63M | 214.52M | 179.91M | 185.96M | 165.4M | 126.77M | 166.31M | 108.38M | 71.86M | 40.85M | 26.73M | 5.58M | 76.06M | 19.44M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 33.04M | 51.08M | 17.03M | 31.61M | 37.23M | 39.93M | 33.12M | 36.17M | 21.95M | 12.43M | 17.81M | 13.93M | 4.96M | 0 | 16.55M | 64.8M | 0 | 0 |
| Accounts Receivable | 56.81M | 49.87M | 79.39M | 66.03M | 160.64M | 170.53M | 146.16M | 162.17M | 142.83M | 73.05M | 105.13M | 73.67M | 40.2M | 30.61M | 45.7M | 38.07M | 37M | 35.93M | 49.92M | 30.47M | 24.47M | 14.03M |
| Days Sales Outstanding | 32.29 | 26.69 | 32.54 | 20.36 | 37.47 | 43.51 | 43.94 | 54.17 | 58.98 | 40.36 | 62.22 | 48.29 | 30.11 | 25.61 | 35.83 | 34.65 | 45.23 | 42.63 | 73.16 | 58.86 | 62.91 | 53.89 |
| Inventory | 140.91M | 76.03M | 152.47M | 285.25M | 333.3M | 181.76M | 157.35M | 164.63M | 106.93M | 50.58M | 61.68M | 47.86M | 46.11M | 36.97M | 31.09M | 27.16M | 32.41M | 34.56M | 45.22M | 20.89M | 15.9M | 7.67M |
| Days Inventory Outstanding | 80.01 | 51.44 | 80.14 | 124.95 | 119.89 | 87.27 | 85.71 | 111.87 | 86.59 | 54.09 | 68.67 | 58.46 | 63.21 | 52.6 | 41.51 | 38.8 | 57.02 | 58.9 | 99.14 | 63.96 | 61.56 | 41.35 |
| Other Current Assets | 25.92M | 28.3M | 48.51M | 59.08M | 61.09M | 45.22M | 34.28M | 25.66M | 19.11M | 5.59M | 9.5M | 31.21M | 26.99M | 28.12M | 23.27M | 19.05M | 12.79M | 12.65M | 8.17M | 2.86M | 1.53M | 399.7K |
| Total Non-Current Assets | 233.1M | 227.63M | 268.21M | 307.14M | 394.9M | 308.51M | 326.54M | 252.52M | 256.8M | 124.24M | 132.39M | 118.35M | 115.68M | 119.24M | 48.03M | 47.74M | 40.57M | 39.68M | 22.49M | 10.7M | 6.97M | 3.59M |
| Property, Plant & Equipment | 22.11M | 30.16M | 60.04M | 86.99M | 116.5M | 120.27M | 123.47M | 57.03M | 44.58M | 27.53M | 26.85M | 31.3M | 23.66M | 24.95M | 29.03M | 25.62M | 20.23M | 22.93M | 15.69M | 10.7M | 6.97M | 3.51M |
| Fixed Asset Turnover | 21.45x | 22.61x | 14.83x | 13.60x | 13.43x | 11.89x | 9.83x | 19.16x | 19.83x | 23.99x | 22.97x | 17.79x | 20.60x | 17.48x | 16.04x | 15.65x | 14.76x | 13.42x | 15.87x | 17.66x | 20.38x | 27.06x |
| Goodwill | 182.45M | 167.29M | 175.1M | 167.72M | 173.29M | 125.87M | 118.73M | 118.9M | 121.44M | 41.04M | 48.75M | 48.75M | 48.75M | 48.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.09M | 3.21M | 5.04M | 11.26M | 28.41M | 9.9M | 12.35M | 24.27M | 44.71M | 12.21M | 15.66M | 19.15M | 22.67M | 28.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 11.4M | 16.43M | 0 | 0 | 0 | 15.27M | 14.2M | 12.88M | 9.41M | 10.75M | 10.5M | 8.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 25.46M | 17.16M | 8.11M | 8.49M | 38.75M | 19.06M | 30.2M | 78K | 334K | 0 | 0 | 0 | 0 | 0 | 12.88M | 13.78M | 14.25M | 12.25M | 2.5M | 0 | 0 | 82K |
| Total Assets | 481.57M | 516.14M | 733.7M | 835.44M | 1.18B | 1.19B | 920.75M | 766.96M | 691.52M | 507.91M | 521.74M | 493.21M | 416.34M | 356.8M | 332.21M | 254.33M | 199.58M | 163.68M | 169.09M | 135.31M | 124.94M | 45.14M |
| Asset Turnover | 1.13x | 1.32x | 1.21x | 1.42x | 1.32x | 1.20x | 1.32x | 1.42x | 1.28x | 1.30x | 1.18x | 1.13x | 1.17x | 1.22x | 1.40x | 1.58x | 1.50x | 1.88x | 1.47x | 1.40x | 1.14x | 2.11x |
| Asset Growth % | -102.08% | -29.65% | -12.18% | -29.46% | -0.45% | 29.21% | 20.05% | 10.91% | 36.15% | -2.65% | 5.78% | 18.46% | 16.69% | 7.4% | 30.62% | 27.43% | 21.94% | -3.2% | 24.97% | 8.3% | 176.79% | - |
| Total Current Liabilities | 480.88M | 218.24M | 287.15M | 296.18M | 395.68M | 307.57M | 202.5M | 213.76M | 197.72M | 112.64M | 96.63M | 99.04M | 80.92M | 77.16M | 85M | 75.84M | 62.38M | 39.56M | 58.87M | 40.39M | 37.38M | 31.85M |
| Accounts Payable | 197.05M | 106.37M | 178.32M | 184.02M | 251.3M | 165.78M | 116.19M | 136.74M | 116.32M | 67.28M | 61.66M | 60.26M | 41.34M | 42.52M | 48.41M | 38.69M | 30.56M | 19.54M | 44.7M | 27.68M | 23.72M | 19.58M |
| Days Payables Outstanding | 121.35 | 71.96 | 93.73 | 80.6 | 90.4 | 79.6 | 63.29 | 92.92 | 94.19 | 71.96 | 68.64 | 73.61 | 56.68 | 60.49 | 64.63 | 55.27 | 53.77 | 33.31 | 97.99 | 84.76 | 91.82 | 105.58 |
| Short-Term Debt | 205.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 30.85M | 11.28M | 10.83M | 13.21M | 11.77M | 10.4M | 4.55M | 5.76M | 7.76M | 4.49M | 3.27M | 3.85M | 5.08M | 6.26M | 1.53M | 3.53M | 3.91M | 2.63M | 1.58M | 457K | 1.02M | 1.29M |
| Other Current Liabilities | 7.93M | 12.32M | 77.3M | 60.15M | 21.63M | 21.9M | 13.33M | 26.18M | 29.77M | 18.37M | 10.96M | 12.32M | 11.69M | 14.75M | 18.84M | 15.79M | 14.38M | 10.99M | 7.99M | 7.02M | 5.15M | 5.19M |
| Current Ratio | 0.52x | 1.32x | 1.62x | 1.78x | 2.00x | 2.87x | 2.93x | 2.41x | 2.20x | 3.41x | 4.03x | 3.78x | 3.72x | 3.08x | 3.34x | 2.72x | 2.55x | 3.13x | 2.49x | 3.09x | 3.16x | 1.30x |
| Quick Ratio | 0.22x | 0.97x | 1.09x | 0.82x | 1.15x | 2.27x | 2.16x | 1.64x | 1.66x | 2.96x | 3.39x | 3.30x | 3.15x | 2.60x | 2.98x | 2.37x | 2.03x | 2.26x | 1.72x | 2.57x | 2.73x | 1.06x |
| Cash Conversion Cycle | -9.06 | 6.17 | 18.95 | 64.71 | 66.96 | 51.19 | 66.37 | 73.13 | 51.38 | 22.5 | 62.24 | 33.14 | 36.64 | 17.71 | 12.71 | 18.19 | 48.48 | 68.23 | 74.31 | 38.06 | 32.65 | -10.34 |
| Total Non-Current Liabilities | 27.58M | 236.65M | 250.06M | 63.54M | 72.02M | 77.73M | 66.18M | 17.88M | 23.47M | 6.32M | 7.71M | 3.74M | 4.73M | 3.82M | 4.25M | 3.58M | 4.01M | 4.44M | 46.27M | 28.14M | 24.74M | 37.57M |
| Long-Term Debt | 0 | 200.6M | 201.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 78.78M | 21.6M | 27.61M | 33.25M | 43.46M | 50.48M | 54.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 931K | 3.25M | 705K | 912K | 4M | 9.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.82M | 14.45M | 20.95M | 29.37M | 25.31M | 26.54M | 10.34M | 13.88M | 13.93M | 6.32M | 7.71M | 3.74M | 4.73M | 3.82M | 0 | 3.58M | 4.01M | 4.44M | 0 | 0 | 0 | 37.57M |
| Total Liabilities | 508.46M | 454.9M | 537.21M | 359.73M | 467.71M | 385.29M | 268.68M | 231.64M | 221.19M | 118.96M | 104.33M | 102.78M | 85.65M | 80.98M | 89.25M | 79.42M | 66.39M | 44M | 58.87M | 40.39M | 37.38M | 69.43M |
| Total Debt | 223.05M | 227.1M | 234.33M | 38.66M | 49.68M | 56.8M | 61.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 198.23M | 92.8M | 49.2M | -79.29M | -151.78M | -375.83M | -177.62M | -130.37M | -128.63M | -214.52M | -179.91M | -185.96M | -165.4M | -126.77M | -162.05M | -108.38M | -71.86M | -40.85M | -26.73M | -5.58M | -76.06M | -19.44M |
| Debt / Equity | -8.30x | 3.71x | 1.19x | 0.08x | 0.07x | 0.07x | 0.09x | - | - | - | - | - | - | - | 0.02x | - | - | - | - | - | - | - |
| Debt / EBITDA | -1.48x | - | - | - | 1.54x | 0.31x | 0.50x | - | - | - | - | - | - | - | 0.07x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.32x | - | - | - | -4.71x | -2.08x | -1.44x | -0.92x | -1.31x | -3.01x | -2.38x | -2.81x | -3.69x | -3.44x | -2.55x | -2.64x | -5.32x | -5.65x | -10.04x | -0.88x | -15.89x | -9.53x |
| Interest Coverage | -3.36x | -4.66x | - | -128.20x | - | - | - | - | - | - | - | 75.02x | 160.68x | - | - | - | 33.56x | - | - | - | - | 2.78x |
| Total Equity | -26.89M | 61.24M | 196.49M | 475.72M | 716.72M | 804.43M | 652.07M | 535.32M | 470.33M | 388.96M | 417.41M | 390.44M | 330.69M | 275.82M | 242.96M | 174.91M | 133.19M | 119.68M | 110.23M | 94.92M | 87.56M | -24.29M |
| Equity Growth % | -392.29% | -68.83% | -58.7% | -33.63% | -10.9% | 23.37% | 21.81% | 13.82% | 20.92% | -6.82% | 6.91% | 18.07% | 19.89% | 13.52% | 38.91% | 31.32% | 11.3% | 8.57% | 16.13% | 8.41% | 460.48% | - |
| Book Value per Share | -0.77 | 2.07 | 7.10 | 17.48 | 25.45 | 28.11 | 22.69 | 18.69 | 16.36 | 13.75 | 13.86 | 12.92 | 11.27 | 9.75 | 8.70 | 6.61 | 5.19 | 4.69 | 4.32 | 3.71 | 6.11 | -1.27 |
| Total Shareholders' Equity | -26.89M | 61.24M | 196.49M | 475.72M | 716.72M | 804.43M | 652.07M | 535.32M | 470.33M | 388.96M | 417.41M | 390.44M | 330.69M | 275.82M | 242.96M | 174.91M | 133.19M | 119.68M | 110.23M | 94.92M | 87.56M | -24.29M |
| Common Stock | 318K | 306K | 280K | 274K | 270K | 282K | 284K | 278K | 279K | 272K | 291K | 297K | 289K | 278K | 272K | 258K | 251K | 248K | 245K | 238K | 234K | 101.29K |
| Retained Earnings | -382.42M | -250.81M | -105.3M | 199.41M | 485.71M | 599.39M | 452.32M | 367.02M | 277.99M | 226.95M | 185.01M | 140.88M | 103.08M | 75.44M | 58.14M | 17.95M | -7.57M | -10.89M | -11.65M | -20.71M | -24.28M | -26.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.98M | -21.44M | 10.75M | 18.53M | 8.09M | -493K | 3.01M | -4.75M | 1.99M | -151K | -236K | -151K | 147K | 199K | 151K | 80K | -41K | -314K | -685K | -2.33M | -3.21M | -429.59K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Insolvency and liquidity risk
As reported in recent financial statements, iRobot's equity position has deteriorated into negative territory, falling to -$26.9 million in 2025Q3 from a positive $325.4 million in 2023Q2, signaling a rapid depletion of net assets driven by persistent operational losses and the absence of profitable growth.
The shift to negative equity suggests that the company's accumulated losses have now outpaced its capital base, which may limit future financing flexibility. Investors should monitor whether this trend necessitates a capital raise or further asset divestitures to stabilize the balance sheet.
Based on the company's quarterly filings, the current ratio has compressed significantly to 0.52 in 2025Q3, down from 1.36 in 2023Q2, indicating that current assets are no longer sufficient to cover short-term obligations as cash reserves dwindle to a precarious $24.8 million.
This liquidity contraction appears to leave the firm with minimal margin for error in managing its working capital requirements. The reliance on external debt to fund operations, combined with such a low current ratio, suggests that the company may face significant pressure to maintain its day-to-day operations.
According to the provided balance sheet data, total debt has remained elevated at $223.1 million in 2025Q3, creating a heavy interest burden that appears increasingly unsustainable given the company's inability to generate consistent positive operating cash flow following the termination of the Amazon merger.
The presence of substantial debt on a balance sheet with negative equity may indicate a high risk of technical default if covenants are breached. The shift from a net-cash position in 2023 to a debt-heavy structure suggests that the company's survival is now tethered to its ability to service these obligations.
As evidenced by the balance sheet, goodwill remains a significant asset at $182.4 million, which is nearly seven times the company's current cash position, suggesting that any future impairment charges could further erode the already negative equity base and trigger additional financial distress.
The persistence of this goodwill value, despite the company's market capitalization and operational struggles, warrants further investigation into the carrying value of past acquisitions. If the underlying business units fail to meet performance targets, these intangible assets may be subject to write-downs that would exacerbate the current balance sheet vulnerability.
Quick answers to the most common questions about buying IRBT stock.
As of 2024, iRobot Corporation (IRBT) had total assets of $516.1M including $288.5M in current assets.
iRobot Corporation (IRBT) carries total debt of $227.1M, offset by $134.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
iRobot Corporation (IRBT) has total shareholders' equity (book value) of $61.2M ($2.07 book value per share). Book value represents the net worth of the company belonging to common stock holders.
iRobot Corporation (IRBT) reported a current ratio of 1.32x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.