The company's financial position has deteriorated significantly, with total equity contracting to $6.3M and debt-to-equity rising to 1.40 as of 2026Q1.
| Total Current Assets | 25.56M | 15.81M | 21.29M | 39.22M | 72.51M | 92.52M | 25.25M | 21.07M | 13.24M | 20.94M | 29.49M |
| Cash & Short-Term Investments | 11.42M | 2.17M | 6.94M | 28.08M | 67.9M | 88.34M | 20.35M | 16.25M | 9.55M | 14.57M | 23.68M |
| Cash Only | 11.42M | 2.17M | 6.94M | 28.08M | 67.9M | 88.34M | 20.35M | 16.25M | 9.55M | 14.57M | 23.68M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.66M | 6.14M | 6M | 3.12M | 1.04M | 585K | 684K | 794K | 758K | 1.1M | 1.25M |
| Days Sales Outstanding | 103.76 | 101.68 | 85.39 | 82.2 | 68.62 | 35.79 | 56.83 | 59.47 | 42.27 | 51.93 | 77.99 |
| Inventory | 6.25M | 5.73M | 6.72M | 5.65M | 2.93M | 2.99M | 3.54M | 3.37M | 2.61M | 4.28M | 3.26M |
| Days Inventory Outstanding | 183.64 | 153.77 | 140.65 | 219.48 | 296.47 | 356.18 | 586.58 | 572.75 | 256.19 | 335.58 | 232.1 |
| Other Current Assets | 2.22M | 1.77M | 578K | 1M | 233K | 270K | 120K | 339K | 167K | 649K | 936K |
| Total Non-Current Assets | 7.86M | 7.09M | 9.19M | 23.97M | 1.73M | 2.23M | 2.82M | 3.3M | 1.73M | 1.93M | 2.28M |
| Property, Plant & Equipment | 2.06M | 2.13M | 1.42M | 3.12M | 1.03M | 1.17M | 1.79M | 2.24M | 626K | 840K | 1.26M |
| Fixed Asset Turnover | 13.64x | 10.35x | 18.14x | 4.44x | 5.34x | 5.12x | 2.46x | 2.18x | 10.46x | 9.23x | 4.67x |
| Goodwill | 4.75M | 4.75M | 7.54M | 7.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 12.53M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 410K | 410K | 362K | 709K | 659K | 713K | 704K | 739K | 801K | 856K | 0 |
| Other Non-Current Assets | 1.04M | -201K | -122K | 75K | 35K | 351K | 329K | 322K | 298K | 229K | 1.02M |
| Total Assets | 33.42M | 22.9M | 30.49M | 63.19M | 74.24M | 94.75M | 28.07M | 24.37M | 14.96M | 22.86M | 31.76M |
| Asset Turnover | 0.79x | 0.96x | 0.84x | 0.22x | 0.07x | 0.06x | 0.16x | 0.20x | 0.44x | 0.34x | 0.18x |
| Asset Growth % | -105.74% | -24.89% | -51.75% | -14.88% | -21.65% | 237.59% | 15.16% | 62.89% | -34.56% | -28.02% | - |
| Total Current Liabilities | 10.63M | 12.04M | 10.22M | 11.79M | 4.78M | 4.04M | 4.67M | 10.17M | 5.38M | 9.73M | 12.4M |
| Accounts Payable | 6.38M | 5.59M | 5.02M | 5.07M | 1.95M | 1.38M | 2.27M | 2.7M | 2.33M | 1.81M | 3.42M |
| Days Payables Outstanding | 160.37 | 149.96 | 105.06 | 196.81 | 197.38 | 164.92 | 375.6 | 458.67 | 228.42 | 142.09 | 243.48 |
| Short-Term Debt | 425K | 425K | 858K | 0 | 0 | 0 | 0 | 6.08M | 1.72M | 6.44M | 7.5M |
| Deferred Revenue (Current) | 2.33M | 0 | 1.25M | 1.5M | 301K | 316K | 441K | 323K | 237K | 123K | 54K |
| Other Current Liabilities | 3.83M | 6.02M | 1.76M | 1.89M | 685K | 555K | 432K | 402K | 445K | 480K | 406K |
| Current Ratio | 2.40x | 1.31x | 2.08x | 3.33x | 15.16x | 22.91x | 5.41x | 2.07x | 2.46x | 2.15x | 2.38x |
| Quick Ratio | 1.82x | 0.84x | 1.43x | 2.85x | 14.55x | 22.17x | 4.65x | 1.74x | 1.97x | 1.71x | 2.12x |
| Cash Conversion Cycle | 127.04 | 105.49 | 120.98 | 104.87 | 167.71 | 227.05 | 267.82 | 173.55 | 70.04 | 245.41 | 66.61 |
| Total Non-Current Liabilities | 16.49M | 2.45M | 1.41M | 4.89M | 1.29M | 1.33M | 1.63M | 3.42M | 7.63M | 9.43M | 11.11M |
| Long-Term Debt | 7.28M | 0 | 0 | 0 | 0 | 0 | 0 | 1.53M | 6.96M | 8.91M | 10.52M |
| Capital Lease Obligations | 2.44M | 1.16M | 22K | 607K | 333K | 418K | 923K | 1.31M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.1M | 61K | 67K | 2.77M | 66K | 45K | 35K | 61K | 239K | 256K | 303K |
| Total Liabilities | 27.13M | 14.49M | 11.64M | 16.68M | 6.07M | 5.37M | 6.29M | 13.59M | 13.02M | 19.16M | 23.5M |
| Total Debt | 8.81M | 1.58M | 880K | 1.9M | 897K | 1.06M | 1.58M | 8.92M | 8.69M | 15.35M | 18.01M |
| Net Debt | -2.61M | -585K | -6.06M | -26.18M | -67M | -87.28M | -18.77M | -7.34M | -859K | 785K | -5.67M |
| Debt / Equity | 1.40x | 0.19x | 0.05x | 0.04x | 0.01x | 0.01x | 0.07x | 0.83x | 4.47x | 4.14x | 2.18x |
| Debt / EBITDA | -0.35x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.10x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -43.35x | -57.26x | -224.77x | -1180.60x | -867.27x | -504.68x | -12.92x | -9.18x | -7.95x | -8.93x | -15.19x |
| Total Equity | 6.29M | 8.41M | 18.85M | 46.51M | 68.17M | 89.38M | 21.77M | 10.78M | 1.95M | 3.71M | 8.26M |
| Equity Growth % | -242.49% | -55.39% | -59.47% | -31.77% | -23.74% | 310.5% | 101.99% | 454.24% | -47.53% | -55.12% | - |
| Book Value per Share | 3.91 | 0.72 | 26.04 | 65.45 | 91.83 | 156.69 | 116.06 | 157.18 | 111.00 | 385.25 | 1316.81 |
| Total Shareholders' Equity | 6.29M | 8.41M | 18.85M | 46.51M | 68.17M | 89.38M | 21.77M | 10.78M | 1.95M | 3.71M | 8.26M |
| Common Stock | 6.21M | 6.21M | 4.59M | 4.49M | 4.49M | 4.66M | 1.83M | 504K | 193K | 84K | 45K |
| Retained Earnings | -295.53M | -284.74M | -264.82M | -235.88M | -213.75M | -194.18M | -181.44M | -168.47M | -152.92M | -131.22M | -106.49M |
| Treasury Stock | 0 | 0 | -3.2M | -3.2M | -2.43M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and dilution
According to quarterly financial statements, Lifeward's total assets have declined from $63.2M in 2023Q4 to $33.4M in 2026Q1, while equity has simultaneously contracted from $46.5M to $6.3M, signaling a rapid depletion of the company's net worth as it struggles to achieve operational scale.
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 trajectory implies that the business model has yet to reach a sustainable equilibrium, forcing a reliance on balance sheet liquidation to maintain operations.
Based on reported figures, Lifeward's cash position plummeted from $28.1M in 2023Q4 to just $2.2M by 2025Q4, representing a severe contraction in liquidity that leaves the company with a minimal buffer against its ongoing high-burn operating environment.
The current ratio of 1.31 in 2025Q4, while technically above parity, masks the reality of a company that is rapidly exhausting its liquid assets. Investors should monitor the potential for near-term financing, as the current cash balance appears insufficient to support the company's high fixed-cost structure for an extended period.
As reported in recent filings, Lifeward's debt levels spiked to $8.8M in 2026Q1 from a low of $237K in 2025Q3, driving the debt-to-equity ratio to 1.40 and indicating a shift toward debt financing as internal cash generation remains non-existent.
This sudden increase in leverage suggests that the company may be exhausting its ability to fund operations through equity dilution alone, forcing a pivot to debt instruments. This development warrants further investigation into the terms of these obligations and the potential for restrictive covenants that could further limit management's operational flexibility.
Based on the provided balance sheet data, Lifeward's retained earnings have deteriorated to a staggering -$295.5M as of 2026Q1, reflecting a multi-year history of value destruction that significantly outweighs the current $6.3M in reported shareholder equity.
The massive accumulated deficit highlights the extreme cost of the company's long-term regulatory and clinical development efforts. This distortion suggests that the book value of equity may be a poor proxy for the company's actual economic value, as the historical losses have effectively hollowed out the balance sheet.
Quick answers to the most common questions about buying LFWD stock.
As of 2025, Lifeward Ltd. (LFWD) had total assets of $22.9M including $15.8M in current assets.
Lifeward Ltd. (LFWD) carries total debt of $1.6M, offset by $2.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Lifeward Ltd. (LFWD) has total shareholders' equity (book value) of $8.4M ($0.72 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Lifeward Ltd. (LFWD) reported a current ratio of 1.31x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.