The company maintains a conservative debt profile with a debt-to-equity ratio of 0.03, yet the total asset base has contracted from $865.6M in 2023Q4 to $741.2M in 2026Q1 due to persistent cash burn.
| 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 |
|---|
| Total Current Assets | 573.26M | 595.52M | 615.39M | 522.39M | 578.84M | 775.34M | 477.53M | 253.28M | 140.76M | 89.43M | 98.78M | 87.04M | 28.52M | 27.28M | 20.92M |
| Cash & Short-Term Investments | 438.54M | 457.85M | 463.87M | 332.5M | 400.01M | 648.84M | 364.3M | 168.31M | 83.11M | 28.67M | 39.29M | 44.99M | 4.99M | 7.96M | 6.72M |
| Cash Only | 30.66M | 35.48M | 35M | 39.6M | 104.6M | 611.55M | 125.78M | 40.74M | 74.13M | 18.63M | 22.79M | 18.46M | 4.99M | 5.33M | 4.66M |
| Short-Term Investments | 407.88M | 422.37M | 428.87M | 292.89M | 295.41M | 37.28M | 238.52M | 127.57M | 8.98M | 10.04M | 16.5M | 26.53M | 0 | 2.63M | 2.06M |
| Accounts Receivable | 48.91M | 60.8M | 65.46M | 93.63M | 67.36M | 49.8M | 51.57M | 40.51M | 21.95M | 23.25M | 31.64M | 22.6M | 10.83M | 6.83M | 5.22M |
| Days Sales Outstanding | 103.66 | 106.58 | 117.22 | 155.5 | 90.55 | 56.45 | 97.35 | 82.21 | 56.28 | 74.37 | 106.24 | 95.46 | 59.55 | 50.51 | 48.65 |
| Inventory | 53.99M | 47.21M | 60.34M | 67.71M | 89.42M | 63.02M | 52.49M | 37.48M | 30.03M | 34.85M | 24.12M | 15.8M | 11.99M | 11.97M | 8.64M |
| Days Inventory Outstanding | 152.93 | 148.64 | 196.54 | 161.72 | 186.47 | 135.23 | 181.54 | 139.88 | 151.18 | 212.12 | 148.51 | 125.89 | 117.65 | 156.26 | 138.63 |
| Other Current Assets | 31.82M | 29.66M | 25.71M | 595K | 22.05M | 13.69M | 9.18M | 6.99M | 5.66M | 2.66M | 3.73M | 3.31M | 323K | 135K | 34K |
| Total Non-Current Assets | 167.9M | 174.99M | 172.09M | 343.19M | 378.83M | 265.53M | 151.46M | 152.18M | 74.07M | 88.95M | 41.26M | 36.39M | 6.19M | 4.34M | 2.38M |
| Property, Plant & Equipment | 85.95M | 86.67M | 78.28M | 74.69M | 87.6M | 70.2M | 50.31M | 40.3M | 14.99M | 11.23M | 9.25M | 4.78M | 3.66M | 2.65M | 2.24M |
| Fixed Asset Turnover | 2.46x | 2.40x | 2.60x | 2.94x | 3.10x | 4.59x | 3.84x | 4.46x | 9.50x | 10.16x | 11.75x | 18.08x | 18.13x | 18.62x | 17.52x |
| Goodwill | 29.16M | 29.16M | 29.16M | 29.16M | 29.16M | 25.45M | 16.47M | 5.56M | 5.09M | 5.09M | 5.09M | 0 | 0 | 0 | 0 |
| Intangible Assets | 10.31M | 9.43M | 5.72M | 7.65M | 9.89M | 10.06M | 7.22M | 2.49M | 1.01M | 2.08M | 3.38M | 1.02M | 245K | 371K | 141K |
| Long-Term Investments | 160.39M | 33.33M | 48.09M | 223.2M | 245.97M | 149.27M | 71.64M | 95.39M | 44.6M | 68.83M | 21.72M | 29.15M | 0 | 0 | 0 |
| Other Non-Current Assets | 18.86M | 16.4M | 10.85M | 8.49M | 6.2M | 1.21M | 732K | 657K | 1.09M | 1.15M | 1.05M | 309K | 2.29M | 1.32M | -2.38M |
| Total Assets | 741.16M | 770.51M | 787.48M | 865.58M | 957.67M | 1.04B | 628.99M | 405.47M | 214.82M | 178.37M | 140.05M | 123.43M | 34.71M | 31.63M | 24.41M |
| Asset Turnover | 0.28x | 0.27x | 0.26x | 0.25x | 0.28x | 0.31x | 0.31x | 0.44x | 0.66x | 0.64x | 0.78x | 0.70x | 1.91x | 1.56x | 1.60x |
| Asset Growth % | -26.91% | -2.16% | -9.02% | -9.62% | -7.99% | 65.48% | 55.13% | 88.74% | 20.43% | 27.37% | 13.47% | 255.55% | 9.76% | 29.58% | - |
| Total Current Liabilities | 47.64M | 41.99M | 44.33M | 50.1M | 65.37M | 96.68M | 89.63M | 45.58M | 33.17M | 25.52M | 30.13M | 21.25M | 13.34M | 14.4M | 8.72M |
| Accounts Payable | 8.48M | 6.06M | 9.02M | 6.94M | 14.83M | 46.45M | 32.02M | 23.45M | 16.61M | 12.44M | 16.43M | 13.23M | 5.9M | 7.22M | 4.38M |
| Days Payables Outstanding | 23.31 | 19.08 | 29.38 | 16.57 | 30.93 | 99.67 | 110.73 | 87.52 | 83.64 | 75.7 | 101.17 | 105.39 | 57.92 | 94.34 | 70.28 |
| Short-Term Debt | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 4.83M | 0 | 2.34M | 2.16M | 5.7M | 5.4M | 27.02M | 2.69M | 3.63M | 1.7M | 1.68M | 1.01M | 1.86M | 2.06M | 0 |
| Other Current Liabilities | 20.86M | 18.83M | 16.56M | 18.2M | 25.59M | 31.52M | 19.1M | 11.88M | 10.66M | 5.05M | 6.1M | 5.67M | 2.61M | 2.98M | 4.34M |
| Current Ratio | 12.03x | 14.18x | 13.88x | 10.43x | 8.85x | 8.02x | 5.33x | 5.56x | 4.24x | 3.50x | 3.28x | 4.10x | 2.14x | 1.89x | 2.40x |
| Quick Ratio | 10.90x | 13.06x | 12.52x | 9.07x | 7.49x | 7.37x | 4.74x | 4.73x | 3.34x | 2.14x | 2.48x | 3.35x | 1.24x | 1.06x | 1.41x |
| Cash Conversion Cycle | 233.27 | 236.14 | 284.38 | 300.65 | 246.09 | 92 | 168.16 | 134.57 | 123.82 | 210.78 | 153.58 | 115.96 | 119.28 | 112.43 | 117 |
| Total Non-Current Liabilities | 17.06M | 15.94M | 16.25M | 19.81M | 23.47M | 24.65M | 20.34M | 21.59M | 2.52M | 2.15M | 2.73M | 1.91M | 2.02M | 1.62M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 59.44M | 14.73M | 15.06M | 18.53M | 21.04M | 21.9M | 18.69M | 19.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74K | 122K | 66K | 0 |
| Other Non-Current Liabilities | 2.83M | 1.22M | 1.19M | 1.28M | 2.44M | 2.75M | 1.66M | 2.35M | 2.52M | 2.15M | 2.73M | 1.84M | 1.78M | 1.55M | 0 |
| Total Liabilities | 64.7M | 57.94M | 60.59M | 69.91M | 88.84M | 121.32M | 109.97M | 67.16M | 35.69M | 27.68M | 32.86M | 23.16M | 15.36M | 16.02M | 8.72M |
| Total Debt | 18.23M | 18.61M | 18.38M | 23.61M | 26.02M | 26.96M | 22.64M | 23.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -12.44M | -16.86M | -16.63M | -16M | -78.57M | -584.59M | -103.13M | -17.61M | -74.13M | -18.63M | -22.79M | -18.46M | -4.99M | -5.33M | -4.66M |
| Debt / Equity | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.03x | 0.04x | 0.07x | - | - | - | - | - | - | - |
| Debt / EBITDA | -0.77x | - | - | - | - | 1.36x | - | 1.92x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.52x | - | - | - | - | -29.39x | - | -1.46x | -7.01x | -6.82x | -5.18x | -2.45x | -0.97x | -1.28x | -1.01x |
| Interest Coverage | - | - | -151.07x | -370.89x | -263.71x | 44.73x | -18.85x | 18.76x | 19.82x | -6.48x | 6.33x | 36.05x | 23.92x | 25.53x | 20.25x |
| Total Equity | 676.47M | 712.57M | 726.9M | 795.67M | 868.82M | 919.55M | 519.02M | 338.3M | 179.14M | 150.7M | 107.19M | 100.26M | 19.35M | 15.61M | 14.31M |
| Equity Growth % | -29.21% | -1.97% | -8.64% | -8.42% | -5.52% | 77.17% | 53.42% | 88.85% | 18.87% | 40.59% | 6.91% | 418.12% | 23.98% | 9.06% | - |
| Book Value per Share | 15.29 | 15.75 | 15.31 | 16.19 | 17.45 | 18.92 | 12.27 | 8.61 | 5.07 | 4.49 | 3.38 | 3.79 | 0.67 | 0.68 | 0.62 |
| Total Shareholders' Equity | 676.47M | 712.57M | 726.9M | 795.67M | 868.82M | 919.55M | 519.02M | 338.3M | 179.14M | 150.7M | 107.19M | 100.26M | 19.35M | 15.61M | 14.31M |
| Common Stock | 0 | 712.57M | 134K | 134K | 134K | 133K | 121K | 105K | 89K | 86K | 78K | 76K | 54K | 22K | 3K |
| Retained Earnings | 0 | 0 | -116.73M | -99.93M | -35.58M | 43.48M | 27.95M | 32.74M | 22.57M | 10.14M | 12.23M | 11.4M | 6.67M | 3.65M | 2.52M |
| Treasury Stock | 0 | 0 | -121.69M | -55.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -868K | -7.21M | -17.42M | 571K | 2.73M | 843K | -238K | 301K | -82K | -283K | -146K | 37K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and dilution risk
According to reported financial data, Kornit's total assets have declined from $865.6M in 2023Q4 to $741.2M in 2026Q1, reflecting a shrinking balance sheet that appears to be driven by aggressive cash utilization and the ongoing challenges of scaling the company's industrial printing platform.
The downward trend in total assets suggests that the company is consuming its capital base faster than it can replenish it through organic growth. This trajectory warrants caution, as it implies that the firm's resource pool is diminishing while it continues to navigate a difficult transition toward high-volume industrial hardware.
Based on the most recent quarterly filings, Kornit's cash position has fluctuated significantly, dropping to $30.7M in 2026Q1 from a peak of $113.9M in 2024Q3, which indicates a precarious liquidity buffer given the company's persistent operating losses and capital-intensive business model.
While the current ratio remains high at 12.03, this metric is likely distorted by the composition of current assets and does not fully capture the immediate cash burn risk. Investors should monitor whether the current cash balance is sufficient to fund operations without necessitating dilutive financing in the near term.
As reported in financial statements, net property, plant, and equipment (PPE) has remained relatively stable near $85.9M as of 2026Q1, suggesting that the company continues to maintain a significant physical footprint despite the ongoing volatility in its core hardware sales cycles.
The stability of PPE relative to the decline in total assets suggests that the company is prioritizing the maintenance of its manufacturing and R&D infrastructure. However, this asset-heavy approach may limit flexibility if the adoption of the Apollo platform does not accelerate to improve asset turnover ratios.
Data from recent filings indicates that Kornit utilized $30.5M for share repurchases in 2026Q1, a move that appears counterintuitive given the company's reported cash position of only $35.5M in the preceding quarter and its ongoing struggle to achieve positive operating margins.
This capital allocation strategy may indicate a management focus on supporting the stock price that potentially compromises the company's long-term financial resilience. Such actions warrant further investigation, as they may signal a disconnect between short-term financial engineering and the underlying requirement for sustained investment in R&D.
Quick answers to the most common questions about buying KRNT stock.
As of 2025, Kornit Digital Ltd. (KRNT) had total assets of $770.5M including $595.5M in current assets.
Kornit Digital Ltd. (KRNT) carries total debt of $18.6M, offset by $457.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Kornit Digital Ltd. (KRNT) has total shareholders' equity (book value) of $712.6M ($15.75 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Kornit Digital Ltd. (KRNT) reported a current ratio of 14.18x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.