The company's financial position is strained by a history of losses, resulting in retained earnings of -$56.9M as of 2026Q1, despite maintaining a current ratio of 4.53.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Jan'09 | Jan'08 |
|---|
| Total Current Assets | 7.53M | 6.16M | 5.03M | 5.93M | 9.56M | 2.68M | 985.25K | 1.67M | 1.99M | 2.46M | 2.72M | 3.29M | 2.41M | 726.21K | 58.47K | 86.96K | 512.59K |
| Cash & Short-Term Investments | 5.63M | 5.16M | 2.63M | 4.75M | 7.31M | 1.39M | 414.67K | 256.97K | 206.93K | 87.9K | 559.73K | 114.46K | 850.36K | 355.34K | 17.67K | 86.96K | 22.75K |
| Cash Only | 5.63M | 5.16M | 2.63M | 4.75M | 7.31M | 1.39M | 414.67K | 256.97K | 206.93K | 87.9K | 559.73K | 114.46K | 850.36K | 355.34K | 17.67K | 86.96K | 22.75K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 745.31K | 256.7K | 1.28M | 281.05K | 1.22M | 492.75K | 226.61K | 895.77K | 996.57K | 470.49K | 376K | 1.96M | 1.04M | 361.69K | 36.74K | 0 | 0 |
| Days Sales Outstanding | 63.58 | 17.74 | 77.45 | 15.79 | 99.88 | 93.77 | 55.74 | 87.19 | 118.41 | 78.56 | 41.03 | 198.11 | 135.3 | 140.44 | 20.33 | - | - |
| Inventory | 247.97K | 235.96K | 148.12K | 324.51K | 526.47K | 344.65K | 221.87K | 132.75K | 176.91K | 387.92K | 331.44K | 123.02K | 80.03K | 4.65K | 0 | 0 | 489.84K |
| Days Inventory Outstanding | 24.04 | 21.49 | 11.46 | 21.82 | 54.83 | 115.84 | 81.67 | 16.89 | 27.02 | 87.83 | 44.33 | 13.9 | 13.56 | 2.89 | - | - | - |
| Other Current Assets | 900.04K | 506.65K | 536.32K | 565.36K | 501.52K | 453.35K | 122.1K | 357.36K | 550.27K | 1.43M | 1.17M | 1.09M | 388.65K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 332.55K | 272.23K | 153.1K | 1.34M | 300.3K | 311.61K | 260.32K | 234.36K | 458.14K | 1.02M | 959.6K | 1.63M | 1.47M | 320.29K | 250.78K | 0 | 0 |
| Property, Plant & Equipment | 179.55K | 196.04K | 68.68K | 891.19K | 32.91K | 38.19K | 22.03K | 5.81K | 189.09K | 532.51K | 471.18K | 516.98K | 375.52K | 310.08K | 236.55K | 0 | 0 |
| Fixed Asset Turnover | 26.02x | 26.94x | 87.67x | 7.29x | 135.76x | 50.22x | 67.37x | 645.77x | 16.25x | 4.11x | 7.10x | 6.98x | 7.51x | 3.03x | 2.79x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 841K | 841K | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 6.67K | 26.67K | 106.67K | 126.67K | 146.67K | 166.67K | 186.67K | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 164.35K | -160.2K | -94.78K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 152.99K | 76.19K | 84.42K | 444.72K | 267.39K | 273.42K | 231.62K | 201.89K | 16.79K | 48.62K | 341.75K | 105.62K | 64.64K | 10.21K | 14.23K | 0 | 0 |
| Total Assets | 7.86M | 6.43M | 5.18M | 7.26M | 9.86M | 2.99M | 1.25M | 1.9M | 2.45M | 3.48M | 3.68M | 4.92M | 3.88M | 1.05M | 309.25K | 86.96K | 512.59K |
| Asset Turnover | 0.87x | 0.82x | 1.16x | 0.89x | 0.45x | 0.64x | 1.19x | 1.97x | 1.25x | 0.63x | 0.91x | 0.73x | 0.73x | 0.90x | 2.13x | 5.82x | - |
| Asset Growth % | 26.39% | 24.1% | -28.67% | -26.38% | 230.13% | 139.86% | -34.59% | -22.24% | -29.73% | -5.28% | -25.21% | 26.75% | 270.89% | 238.4% | 255.64% | -83.04% | - |
| Total Current Liabilities | 1.66M | 1.27M | 2.3M | 1.46M | 2.1M | 3.43M | 4.54M | 4.29M | 3.43M | 3.97M | 2.72M | 3.67M | 1.43M | 514.94K | 792.56K | 3.41K | 398.55K |
| Accounts Payable | 876.33K | 938.56K | 730.3K | 179.95K | 360.39K | 62.89K | 405.82K | 521.54K | 1.47M | 1.19M | 688.13K | 673.17K | 499.64K | 180.35K | 197.53K | 3.41K | 2.8K |
| Days Payables Outstanding | 85.93 | 85.48 | 56.49 | 12.1 | 37.53 | 21.14 | 149.38 | 66.36 | 224.54 | 268.42 | 92.04 | 76.07 | 84.67 | 112 | 142.62 | 2.54 | - |
| Short-Term Debt | 168.08K | 328.73K | 549.03K | 348.77K | 463.82K | 170.28K | 1.38M | 1.29M | 767.85K | 1.69M | 224.45K | 877.83K | 260.2K | 0 | 50K | 0 | 0 |
| Deferred Revenue (Current) | 16.12K | 0 | 36.79K | 0 | 35.3K | 58.21K | 864 | 0 | 316.87K | 14.28K | 16.97K | 55.57K | 98.81K | 11.62K | 14.66K | 0 | 0 |
| Other Current Liabilities | 615.49K | 0 | 0 | 29.21K | 0 | 300K | 2.75M | 4.15K | 53.15K | 112.01K | 39.8K | 336.61K | 163.35K | 197K | 0 | 0 | 395.75K |
| Current Ratio | 4.53x | 4.86x | 2.19x | 4.06x | 4.55x | 0.78x | 0.22x | 0.39x | 0.58x | 0.62x | 1.00x | 0.90x | 1.68x | 1.41x | 0.07x | 25.48x | 1.29x |
| Quick Ratio | 4.38x | 4.67x | 2.12x | 3.84x | 4.30x | 0.68x | 0.17x | 0.36x | 0.53x | 0.52x | 0.88x | 0.86x | 1.63x | 1.40x | 0.07x | 25.48x | 0.06x |
| Cash Conversion Cycle | 1.68 | -46.25 | 32.42 | 25.51 | 117.18 | 188.47 | -11.98 | 37.72 | -79.11 | -102.02 | -6.68 | 135.94 | 64.2 | 31.33 | - | - | - |
| Total Non-Current Liabilities | 334.34K | 380.74K | 376.19K | 0 | 190.78K | 338.8K | 415.63K | 283.77K | 653.24K | 272.9K | 434.48K | 67.69K | 10.46K | 13.61K | 50.04K | 3.41K | 2.8K |
| Long-Term Debt | 104.83K | 114.9K | 376.19K | 0 | 190.78K | 338.8K | 0 | 0 | 0 | 0 | 364.37K | 67.69K | 10.46K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 268.27K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.64K | 10.46K | 13.61K | 50.04K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 229.5K | 265.83K | 0 | 0 | 0 | 0 | 415.63K | 283.77K | 653.24K | 272.9K | 70.11K | -2.64K | -10.46K | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.99M | 1.65M | 2.67M | 1.46M | 2.29M | 3.76M | 4.95M | 4.57M | 4.08M | 4.24M | 3.16M | 3.74M | 1.44M | 528.55K | 842.6K | 3.41K | 398.55K |
| Total Debt | 272.92K | 443.64K | 925.22K | 348.77K | 654.59K | 509.09K | 1.38M | 1.29M | 767.85K | 1.12M | 588.82K | 945.52K | 270.67K | 62K | 180.54K | 0 | 0 |
| Net Debt | -5.36M | -4.71M | -1.7M | -4.41M | -6.66M | -876.19K | 964.03K | 1.03M | 560.92K | 1.03M | 29.09K | 831.06K | -579.7K | -293.34K | 162.87K | -86.96K | -22.75K |
| Debt / Equity | 0.05x | 0.09x | 0.37x | 0.06x | 0.09x | - | - | - | - | - | 1.13x | 0.80x | 0.11x | 0.12x | - | - | - |
| Debt / EBITDA | -0.09x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.82x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.92x | - |
| Interest Coverage | -80.09x | -85.76x | -149.79x | -567.56x | -61.68x | -9.96x | -3.02x | -6.54x | -8.50x | -10.79x | -81.16x | -48.21x | -138.90x | -114.13x | -51.21x | - | -6.15x |
| Total Equity | 5.86M | 4.78M | 2.51M | 5.8M | 7.57M | -777.28K | -3.71M | -2.67M | -1.63M | -756.39K | 521.81K | 1.18M | 2.44M | 517.95K | -533.35K | 83.54K | 114.05K |
| Equity Growth % | 238.63% | 90.78% | -56.82% | -23.35% | 1073.88% | 79.03% | -38.86% | -63.81% | -115.44% | -244.96% | -55.8% | -51.6% | 370.9% | 197.11% | -738.4% | -26.74% | - |
| Book Value per Share | 1.93 | 1.57 | 1.14 | 2.91 | 4.71 | -0.70 | -4.59 | -3.37 | -3.78 | -1.77 | 1.26 | 0.49 | 1.23 | 0.30 | -0.34 | 0.20 | 0.31 |
| Total Shareholders' Equity | 5.86M | 4.78M | 2.51M | 5.8M | 7.57M | -777.28K | -3.71M | -2.67M | -1.63M | -756.39K | 521.81K | 1.18M | 2.44M | 517.95K | -533.35K | 83.54K | 114.05K |
| Common Stock | 117 | 59 | 28 | 162 | 150 | 773 | 527 | 514 | 279 | 273 | 267 | 204 | 180 | 137 | 129 | 67 | 67 |
| Retained Earnings | -56.91M | -56.37M | -53.18M | -47.94M | -44.71M | -41.36M | -38.32M | -36.53M | -31.91M | -27.49M | -21.8M | -15M | -11.16M | -6.7M | -4.75M | -105.96K | -69.45K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -268.52K | -249.17K | -280.21K | -222.38K | -220.64K | -143.49K | -153.25K | -195.29K | -41.97K | -35.62K | -30.67K | -23.63K | -45.91K | 0 | 0 | 0 | 9.5K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent Operating Cash Burn
As reported in recent financial statements, IVDA's total assets have fluctuated significantly, peaking at $9.1M in 2024Q3 before settling at $7.9M in 2026Q1, a trend that underscores the company's difficulty in building a stable capital base while navigating persistent operational losses and project-based revenue volatility.
The contraction in total assets relative to historical peaks suggests that the company is struggling to retain value within its balance sheet as it consumes capital to fund ongoing operations. Investors should monitor whether this downward trend in asset accumulation reflects a strategic downsizing or an inability to scale the business effectively.
Based on the latest quarterly data, IVDA maintains a cash position of $5.6M, which, while improved from the 2025Q2 low of $1.6M, remains vulnerable given the company's history of negative operating margins and the inherent unpredictability of its municipal project-based cash collection cycles.
While the current ratio of 4.53 appears superficially healthy, it may be misleading if the underlying current assets are tied up in slow-moving inventory or difficult-to-collect receivables from government contracts. The company's reliance on cash reserves to offset operational burn warrants close scrutiny of its future runway.
According to SEC filings, the company's retained earnings have deteriorated to -$56.9M as of 2026Q1, a figure that highlights the long-term erosion of shareholder equity resulting from years of persistent operating losses and the inability to achieve a sustainable, profitable business model in the security sector.
The consistent decline in retained earnings suggests that the company has been unable to generate internal value, forcing a reliance on external financing or equity issuance to maintain operations. This trend implies that shareholders are bearing the brunt of the company's failure to reach a break-even point.
As noted in the balance sheet data, the absence of significant goodwill or intangible assets suggests that the company's valuation is not supported by acquired intellectual property, but rather by a thin layer of physical assets that may be subject to rapid obsolescence in the AI space.
The reliance on a small base of net PPE, which has fluctuated significantly, indicates that the company's operational footprint is not anchored by substantial long-term assets. This lack of tangible backing makes the balance sheet particularly sensitive to any disruption in the company's ability to secure new municipal contracts.
Quick answers to the most common questions about buying IVDA stock.
As of 2025, Iveda Solutions, Inc. (IVDA) had total assets of $6.4M including $6.2M in current assets.
Iveda Solutions, Inc. (IVDA) carries total debt of $0.4M, offset by $5.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Iveda Solutions, Inc. (IVDA) has total shareholders' equity (book value) of $4.8M ($1.57 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Iveda Solutions, Inc. (IVDA) reported a current ratio of 4.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.