The company's financial position is weakening, as evidenced by a total asset base contraction from $15.1M in 2023Q4 to $11.1M in 2026Q1, alongside a static $2.5M goodwill balance that may be subject to future impairment.
| 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 | 6.08M | 6.3M | 6.9M | 9.33M | 13.7M | 13.07M | 8.5M | 7.83M | 8.26M | 10.68M | 9.38M | 7.35M | 5.57M | 3.97M | 3.93M | 3.74M | 4.91M | 6.4M | 18.71M | 26.86M | 22.24M | 31.7M | 38.55M | 24.07M | 20.48M | 23.75M | 29.82M | 22.65M | 17.6M | 15.8M | 11.3M |
| Cash & Short-Term Investments | 2.11M | 2.72M | 2.95M | 4.3M | 10.09M | 10.78M | 6.12M | 5.81M | 6.11M | 7.77M | 6.01M | 4.43M | 2.38M | 1.49M | 2.1M | 2.26M | 3.68M | 3.42M | 9.25M | 12.66M | 2.94M | 13.94M | 19.07M | 6.06M | 7.91M | 9.32M | 10.51M | 7.49M | 3.9M | 4.2M | 3.8M |
| Cash Only | 2.11M | 2.72M | 2.95M | 4.3M | 10.09M | 10.78M | 6.12M | 5.81M | 6.11M | 7.77M | 6.01M | 4.43M | 2.38M | 1.49M | 2.1M | 2.26M | 3.68M | 3.42M | 9.25M | 12.66M | 1.34M | 3.94M | 19.07M | 6.06M | 7.91M | 6.87M | 10.51M | 7.49M | 3.9M | 4.2M | 3.8M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6M | 10M | 0 | 0 | 0 | 2.46M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.71M | 1.54M | 1.61M | 2.17M | 1.18M | 1.08M | 1.11M | 730K | 780K | 1.37M | 1.73M | 1.6M | 1.84M | 1.55M | 865K | 630K | 690K | 1.77M | 3.76M | 3.92M | 2.32M | 9.18M | 8.06M | 9.12M | 5.31M | 5.49M | 8.61M | 7.06M | 6.8M | 5.7M | 3.6M |
| Days Sales Outstanding | 49.95 | 47.34 | 50.38 | 56.74 | 57.38 | 52.71 | 58.98 | 36.48 | 31.97 | 44.97 | 53 | 55.51 | 65.27 | 74.78 | 49.23 | 46.08 | 31.36 | 66.6 | 53.61 | 74.04 | 23.38 | 87.66 | 83.09 | 107.27 | 77.36 | 79.36 | 92.82 | 91.63 | 112.31 | 108.36 | 97.33 |
| Inventory | 1.99M | 1.8M | 2.01M | 2.48M | 2.11M | 814K | 866K | 927K | 1.07M | 1.2M | 1.27M | 1.01M | 1.06M | 670K | 707K | 640K | 290K | 580K | 4.38M | 5.15M | 10.71M | 8.12M | 11.09M | 8.64M | 7.01M | 8.5M | 9.44M | 7.93M | 6.8M | 5.5M | 3.6M |
| Days Inventory Outstanding | 80.62 | 80.49 | 107.32 | 122.44 | 212.25 | 86.87 | 96.4 | 84.69 | 97.73 | 101.51 | 94.84 | 76.09 | 74.12 | 56.09 | 79.7 | 80.55 | 29.99 | 40.25 | 103.88 | 138.69 | 150.49 | 98.19 | 171.94 | 171.71 | 149.31 | 188.6 | 183.52 | 170.12 | 183.85 | 180.86 | 205.31 |
| Other Current Assets | 280K | 236K | 328K | 381K | 321K | 5K | 5K | 32K | 5K | 5K | 5K | 5K | 5K | 5K | 252K | 210K | 250K | 630K | 1.32M | 3.37M | 560K | 0 | 0 | 0 | 0 | 0 | 1.26M | 173K | 100K | 400K | 300K |
| Total Non-Current Assets | 5.06M | 5.43M | 6.22M | 5.73M | 1.28M | 712K | 1.53M | 1.5M | 1.35M | 1.15M | 1.09M | 215K | 216K | 176K | 168K | 310K | 320K | 570K | 1.32M | 1.48M | 2.11M | 1.47M | 2.04M | 1.51M | 1.29M | 2.9M | 1.96M | 2.06M | 2M | 1.8M | 1.9M |
| Property, Plant & Equipment | 1.09M | 1.23M | 1.48M | 456K | 356K | 501K | 741K | 836K | 701K | 525K | 310K | 176K | 154K | 98K | 120K | 190K | 180K | 370K | 800K | 999K | 1.59M | 1.1M | 1.67M | 1.27M | 1.21M | 1.39M | 1.63M | 1.56M | 1.6M | 1.2M | 1.1M |
| Fixed Asset Turnover | 9.55x | 9.64x | 7.92x | 30.57x | 21.05x | 14.93x | 9.30x | 8.74x | 12.70x | 21.24x | 38.34x | 59.74x | 66.74x | 77.05x | 53.44x | 26.26x | 44.61x | 26.22x | 32.00x | 19.33x | 22.73x | 34.79x | 21.21x | 24.44x | 20.68x | 18.14x | 20.75x | 18.03x | 13.81x | 16.00x | 12.27x |
| Goodwill | 2.54M | 2.59M | 2.66M | 2.46M | 650K | 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 | 1.14M | 1.33M | 1.87M | 2.65M | 76K | 131K | 195K | 171K | 121K | 69K | 44K | 13K | 23K | 29K | 48K | 80K | 100K | 140K | 430K | 3.92M | 272K | 308K | 265K | 177K | 9K | 114K | 235K | 282K | 300K | 500K | 600K |
| Long-Term Investments | 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 |
| Other Non-Current Assets | 76K | 80K | 128K | 80K | 65K | 72K | 63K | 59K | 59K | 59K | 57K | 26K | 39K | 49K | -168K | 40K | 40K | 60K | 90K | 364K | 245K | 67K | 107K | 60K | 67K | 87K | 92K | 217K | 100K | 100K | 200K |
| Total Assets | 11.14M | 11.74M | 13.12M | 15.06M | 14.98M | 13.78M | 10.02M | 9.33M | 9.61M | 11.83M | 10.47M | 7.56M | 5.78M | 4.15M | 4.14M | 4.05M | 5.23M | 6.97M | 20.03M | 28.33M | 24.36M | 33.17M | 40.6M | 25.58M | 21.77M | 26.64M | 31.77M | 24.71M | 19.6M | 17.6M | 13.2M |
| Asset Turnover | 1.04x | 1.01x | 0.89x | 0.93x | 0.50x | 0.54x | 0.69x | 0.78x | 0.93x | 0.94x | 1.14x | 1.39x | 1.78x | 1.82x | 1.55x | 1.23x | 1.54x | 1.39x | 1.28x | 0.68x | 1.49x | 1.15x | 0.87x | 1.21x | 1.15x | 0.95x | 1.07x | 1.14x | 1.13x | 1.09x | 1.02x |
| Asset Growth % | -47.77% | -10.51% | -12.92% | 0.53% | 8.74% | 37.49% | 7.39% | -2.91% | -18.75% | 12.98% | 38.47% | 30.79% | 39.39% | 0.27% | 2.15% | -22.56% | -24.96% | -65.2% | -29.3% | 16.33% | -26.58% | -18.29% | 58.69% | 17.53% | -18.3% | -16.15% | 28.6% | 26.06% | 11.36% | 33.33% | 29.41% |
| Total Current Liabilities | 1.68M | 1.66M | 1.39M | 1.38M | 1.09M | 1.04M | 1.04M | 687K | 627K | 703K | 873K | 859K | 826K | 677K | 670K | 700K | 680K | 1.39M | 7.42M | 8.17M | 7.49M | 8.74M | 5.69M | 4.06M | 4.23M | 4.41M | 6.69M | 5M | 3.5M | 3.4M | 2.4M |
| Accounts Payable | 1.04M | 985K | 573K | 464K | 273K | 338K | 235K | 218K | 304K | 255K | 324K | 484K | 473K | 312K | 347K | 0 | 0 | 0 | 0 | 0 | 0 | 5.73M | 4.07M | 2.63M | 2.2M | 1.68M | 3.31M | 3.04M | 2.2M | 1.9M | 1.1M |
| Days Payables Outstanding | 36.23 | 44.02 | 30.61 | 22.95 | 27.44 | 36.07 | 26.16 | 19.92 | 27.74 | 21.66 | 24.23 | 36.28 | 33.2 | 26.12 | 39.12 | - | - | - | - | - | - | 69.31 | 63.04 | 52.28 | 46.91 | 37.25 | 64.29 | 65.25 | 59.48 | 62.48 | 62.73 |
| Short-Term Debt | 304K | 324K | 0 | 0 | 0 | 0 | 186K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 152K | 154K | 491K | 706K | 933K | 1.92M | 2.08M | 518K | 600K | 1.1M | 400K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13K | 0 | 0 | 111K | 71K | 53K | 60K | 0 | 0 | 0 | 0 | 0 | 646K | 765K | 863K | 0 | 0 | 0 | -1.92M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 305K | 330K | 146K | 185K | 0 | 0 | 53K | 0 | 183K | 263K | 243K | 0 | 0 | 0 | 323K | 700K | 676K | 1.39M | 7.42M | 86K | 1.22M | 66K | 0 | 0 | 0 | 0 | 1.3M | 1.45M | 700K | 400K | 900K |
| Current Ratio | 3.63x | 3.79x | 4.96x | 6.78x | 12.58x | 12.60x | 8.15x | 11.40x | 13.18x | 15.20x | 10.75x | 8.55x | 6.74x | 5.87x | 5.86x | 5.34x | 7.22x | 4.60x | 2.52x | 3.29x | 2.97x | 3.62x | 6.78x | 5.94x | 4.84x | 5.38x | 4.46x | 4.53x | 5.03x | 4.65x | 4.71x |
| Quick Ratio | 2.44x | 2.71x | 3.52x | 4.98x | 10.64x | 11.82x | 7.32x | 10.05x | 11.47x | 13.50x | 9.30x | 7.37x | 5.46x | 4.88x | 4.80x | 4.43x | 6.79x | 4.19x | 1.93x | 2.66x | 1.54x | 2.70x | 4.83x | 3.81x | 3.18x | 3.45x | 3.05x | 2.94x | 3.09x | 3.03x | 3.21x |
| Cash Conversion Cycle | 94.34 | 83.81 | 127.09 | 156.24 | 242.19 | 103.52 | 129.22 | 101.25 | 101.96 | 124.81 | 123.61 | 95.32 | 106.19 | 104.75 | 89.81 | - | - | - | - | - | - | 116.54 | 191.99 | 226.7 | 179.76 | 230.71 | 212.05 | 196.5 | 236.68 | 226.74 | 239.91 |
| Total Non-Current Liabilities | 724K | 854K | 1.23M | 659K | 46K | 37K | 140K | 74K | 0 | 0 | 0 | 40K | 92K | 145K | 200K | 250K | 470K | 730K | 500K | 5.39M | 0 | 154K | 405K | 1.01M | 1.4M | 1.85M | 2.6M | 1.42M | 1.4M | 700K | 800K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.41M | 0 | 154K | 405K | 1.01M | 1.4M | 1.85M | 2.6M | 1.42M | 1.4M | 700K | 900K |
| Capital Lease Obligations | 2.12M | 493K | 777K | 33K | 46K | 37K | 140K | 66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.43M | 361K | 456K | 626K | 0 | 0 | 0 | 8K | 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 Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100K |
| Total Liabilities | 2.4M | 2.52M | 2.62M | 2.03M | 1.14M | 1.07M | 1.18M | 761K | 627K | 703K | 873K | 899K | 918K | 822K | 866K | 950K | 1.14M | 2.12M | 7.92M | 13.55M | 7.49M | 8.9M | 6.09M | 5.07M | 5.63M | 6.27M | 9.29M | 6.43M | 4.9M | 4.1M | 3.2M |
| Total Debt | 723K | 817K | 1.13M | 159K | 177K | 175K | 545K | 220K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.01M | 3.41M | 152K | 308K | 896K | 1.72M | 2.33M | 3.78M | 4.68M | 1.94M | 2M | 1.8M | 1.3M |
| Net Debt | -1.38M | -1.91M | -1.82M | -4.14M | -9.91M | -10.6M | -5.58M | -5.59M | -6.11M | -7.77M | -6.01M | -4.43M | -2.38M | -1.49M | -2.1M | -2.26M | -3.68M | -3.42M | -5.24M | -9.25M | -1.19M | -3.63M | -18.17M | -4.34M | -5.57M | -3.09M | -5.83M | -5.55M | -1.9M | -2.4M | -2.5M |
| Debt / Equity | 0.08x | 0.09x | 0.11x | 0.01x | 0.01x | 0.01x | 0.06x | 0.03x | - | - | - | - | - | - | - | - | - | - | 0.33x | 0.23x | 0.01x | 0.01x | 0.03x | 0.08x | 0.14x | 0.19x | 0.21x | 0.11x | 0.14x | 0.13x | 0.13x |
| Debt / EBITDA | -1.39x | - | - | 0.38x | - | 0.94x | 0.88x | 4.23x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02x | - | - | 1.10x | 0.63x | 1.43x | 2.00x | 1.00x |
| Net Debt / EBITDA | 2.65x | - | - | -9.78x | - | -56.70x | -9.05x | -107.54x | -6.44x | -3.40x | -2.06x | -2.55x | -1.46x | -24.78x | -30.03x | - | - | - | - | - | - | - | - | -2.58x | - | - | -1.36x | -1.81x | -1.36x | -2.67x | -1.92x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -27.03x | -39.21x | -50.99x | - | 24.77x | -21.80x | - | - | - | 9.00x | - | 7.00x |
| Total Equity | 8.74M | 9.22M | 10.49M | 13.03M | 13.85M | 12.71M | 8.84M | 8.57M | 8.98M | 11.13M | 9.6M | 6.66M | 4.86M | 3.33M | 3.27M | 3.1M | 4.09M | 4.86M | 12.12M | 14.78M | 16.86M | 24.27M | 34.5M | 20.52M | 16.13M | 20.37M | 22.49M | 18.28M | 14.7M | 13.5M | 10M |
| Equity Growth % | -52.57% | -12.12% | -19.46% | -5.92% | 9% | 43.72% | 3.14% | -4.61% | -19.25% | 15.93% | 44.05% | 36.99% | 46.24% | 1.68% | 5.52% | -24.21% | -15.84% | -59.9% | -17.98% | -12.38% | -30.52% | -29.65% | 68.17% | 27.17% | -20.81% | -9.41% | 23.04% | 24.34% | 8.89% | 35% | 31.58% |
| Book Value per Share | 0.55 | 0.62 | 1.06 | 1.32 | 1.40 | 1.92 | 1.34 | 1.30 | 1.37 | 1.50 | 1.30 | 0.90 | 0.66 | 0.57 | 0.56 | 0.43 | 0.59 | 0.71 | 1.76 | 2.15 | 2.45 | 3.54 | 5.76 | 3.61 | 3.30 | 4.22 | 4.04 | 3.65 | 3.76 | 4.05 | 2.80 |
| Total Shareholders' Equity | 8.74M | 9.22M | 10.49M | 13.03M | 13.85M | 12.71M | 8.84M | 8.57M | 8.98M | 11.13M | 9.6M | 6.66M | 4.86M | 3.33M | 3.27M | 3.1M | 4.09M | 4.86M | 12.12M | 14.78M | 16.86M | 24.27M | 34.5M | 20.52M | 16.13M | 20.3M | 22.43M | 18.25M | 14.7M | 13.5M | 10M |
| Common Stock | 16K | 16K | 10K | 10K | 7K | 7K | 7K | 7K | 7K | 7K | 7K | 6K | 6K | 6K | 1K | 60.11M | 59.97M | 59.7M | 59.16M | 58.46M | 54.95M | 50.74M | 47.83M | 31.67M | 29.07M | 29.03M | 27.63M | 26.2M | 0 | 0 | 0 |
| Retained Earnings | -54.13M | -53.8M | -51.85M | -49.46M | -48.68M | -49.95M | -49.17M | -49.28M | -48.83M | -49.45M | -50.71M | -53.6M | -55.33M | -56.89M | -56.9M | -57.04M | -55.43M | -54.37M | -46.56M | -43.25M | -37.58M | -25.82M | -12.53M | -10.24M | -11.31M | -7.04M | -5.03M | -8.14M | -10.2M | -11.2M | -10.8M |
| Treasury Stock | 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 |
| Accumulated OCI | 257K | 406K | 15K | 200K | -98K | 96K | 37K | -93K | -67K | 41K | -71K | 6K | 27K | 26K | -2.4M | -2.3M | -2.17M | -3.36M | -3.98M | -440K | -505K | -490K | -806K | -911K | -1.63M | -1.68M | -168K | 187K | -2.6M | -2.1M | -1.6M |
| 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 | 68K | 56K | 31K | 0 | 0 | 0 |
Liquidity depletion from losses
According to the provided quarterly data, Interlink's total assets have declined from $15.1M in 2023Q4 to $11.1M in 2026Q1, a trend that suggests the company is struggling to maintain its operational scale while navigating persistent net losses and a lack of meaningful top-line growth.
The consistent erosion of the asset base indicates that the company is consuming its capital resources without achieving a corresponding expansion in productive capacity. This trajectory warrants concern, as it suggests the business model is currently unable to generate the internal returns necessary to replenish its balance sheet.
As reported in financial statements, Interlink's cash reserves have dwindled from $4.3M in 2023Q4 to $2.1M in 2026Q1, signaling that the company's liquidity buffer is shrinking rapidly as it continues to fund operations through its existing cash pile rather than through positive operating cash flow.
While the current ratio remains above 3.0, the headline liquidity figure masks the underlying reality of a business that is consistently burning cash. Investors should monitor the rate of cash depletion, as the current trajectory suggests that the company may face a liquidity constraint within the next several quarters.
Based on the reported figures, Interlink's equity has contracted from $13.0M in 2023Q4 to $8.7M in 2026Q1, primarily driven by the accumulation of retained losses which have deepened to -$54.1M, reflecting a long-term inability to generate sustainable shareholder value through core operations.
The persistent decline in equity highlights the structural challenges the company faces in reaching profitability. This trend suggests that the company's capital base is being slowly depleted, which may eventually limit its ability to invest in necessary R&D or pursue strategic growth initiatives.
As indicated by the balance sheet, Interlink carries $2.5M in goodwill as of 2026Q1, a figure that has remained relatively static despite the company's ongoing operational losses and stagnant revenue growth, which may suggest a risk of future impairment charges if business performance does not improve.
The presence of significant intangible assets on a balance sheet characterized by declining total assets and persistent losses warrants further investigation. If the company's market position continues to weaken, these assets may be subject to write-downs, which would further erode the company's already shrinking equity base.
Quick answers to the most common questions about buying LINK stock.
As of 2025, Interlink Electronics, Inc. (LINK) had total assets of $11.7M including $6.3M in current assets.
Interlink Electronics, Inc. (LINK) carries total debt of $0.8M, offset by $2.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Interlink Electronics, Inc. (LINK) has total shareholders' equity (book value) of $9.2M ($0.62 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Interlink Electronics, Inc. (LINK) reported a current ratio of 3.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.