The company's financial position is increasingly opaque, as evidenced by a massive shift to $518.3 million in goodwill in 2026Q1, which contrasts sharply with the $2.8 million cash balance reported in 2025Q4.
| Total Current Assets | 37.9M | 4.99M | 10.39M | 8.52M | 11.65M | 35.06M | 6.9M | 4.51M | 3.17M |
| Cash & Short-Term Investments | 29.33M | 2.83M | 7.9M | 6.12M | 10.76M | 33.6M | 5.71M | 4.29M | 3.17M |
| Cash Only | 29.33M | 2.83M | 7.9M | 6.12M | 10.76M | 17.68M | 5.71M | 4.29M | 3.17M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 15.92M | 0 | 0 | 0 |
| Accounts Receivable | 1.5M | 107K | 52K | 450K | 0 | 166K | 500K | 0 | 0 |
| Days Sales Outstanding | 205.9 | 90.2 | 18.74 | - | - | - | - | - | - |
| Inventory | 1.78M | 1.77M | 2.05M | 1.11M | 0 | -166K | 0 | 0 | 0 |
| Days Inventory Outstanding | 361.68 | 283.59 | 248.35 | 2.57K | - | - | - | - | - |
| Other Current Assets | 5.29M | 287K | 362K | 442K | 887K | 1.46M | 0 | 111K | 0 |
| Total Non-Current Assets | 566.58M | 613K | 930K | 898K | 1.6M | 1.21M | 182K | 374K | 230K |
| Property, Plant & Equipment | 32.87M | 516K | 213K | 589K | 443K | 529K | 38K | 51K | 49K |
| Fixed Asset Turnover | 0.09x | 0.84x | 4.76x | - | - | - | - | - | - |
| Goodwill | 518.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 15.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 92K | 97K | 717K | 309K | 1.15M | 678K | 144K | 323K | 181K |
| Total Assets | 604.48M | 5.6M | 11.32M | 9.42M | 13.24M | 36.27M | 7.08M | 4.89M | 3.4M |
| Asset Turnover | 0.00x | 0.08x | 0.09x | - | - | - | - | - | - |
| Asset Growth % | 7497.24% | -50.53% | 20.16% | -28.86% | -63.48% | 412% | 44.94% | 43.52% | - |
| Total Current Liabilities | 17.68M | 8.81M | 3.44M | 5.9M | 4.98M | 3.22M | 1.16M | 858K | 370K |
| Accounts Payable | 3.67M | 3.48M | 2.02M | 3.12M | 557K | 311K | 246K | 15K | 7K |
| Days Payables Outstanding | 545.37 | 558.34 | 244.71 | 7.2K | 1.52K | - | - | 497.73 | 851.67 |
| Short-Term Debt | 10.25M | 4.38M | 0 | 0 | 0 | 0 | 248K | 0 | 0 |
| Deferred Revenue (Current) | 2.25M | 12K | 36K | 1.25M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.53M | 683K | 972K | 762K | 984K | 2.34M | 290K | 0 | 285K |
| Current Ratio | 2.14x | 0.57x | 3.02x | 1.44x | 2.34x | 10.89x | 5.95x | 5.26x | 8.58x |
| Quick Ratio | 2.04x | 0.37x | 2.42x | 1.26x | 2.34x | 10.95x | 5.95x | 5.26x | 8.58x |
| Cash Conversion Cycle | 22.21 | -184.56 | 22.38 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 10.8M | 267K | 520K | 73K | 350K | 317K | 13.98M | 32K | 21K |
| Long-Term Debt | 8.65M | 0 | 0 | 0 | 0 | 0 | 11.45M | 0 | 0 |
| Capital Lease Obligations | 267K | 267K | 0 | 0 | 214K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 520K | 73K | 136K | 317K | 2.54M | 32K | 21K |
| Total Liabilities | 28.48M | 9.07M | 3.96M | 5.97M | 5.33M | 3.54M | 15.14M | 890K | 391K |
| Total Debt | 18.9M | 4.9M | 186K | 217K | 426K | 0 | 11.69M | 0 | 0 |
| Net Debt | -10.43M | 2.08M | -7.72M | -5.9M | -10.33M | -17.68M | 5.98M | -4.29M | -3.17M |
| Debt / Equity | 0.03x | - | 0.03x | 0.06x | 0.05x | - | - | - | - |
| Debt / EBITDA | -1.29x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.71x | - | - | - | - | - | - | - | - |
| Interest Coverage | -4.56x | -5.17x | - | - | -228.04x | -23.66x | -11.98x | - | - |
| Total Equity | 576M | -3.47M | 7.36M | 3.45M | 7.92M | 32.73M | -8.06M | 4M | 3.01M |
| Equity Growth % | 17356.78% | -147.23% | 113.25% | -56.42% | -75.82% | 505.98% | -301.7% | 32.61% | - |
| Book Value per Share | 0.35 | -0.00 | 0.12 | 0.07 | 0.24 | 1.00 | -0.25 | 0.12 | 0.09 |
| Total Shareholders' Equity | 576M | -3.47M | 7.36M | 3.45M | 7.92M | 32.73M | -8.06M | 4M | 3.01M |
| Common Stock | 0 | 10K | 10K | 6K | 3K | 3K | 1K | 0 | 0 |
| Retained Earnings | -171.4M | -166.39M | -148.11M | -124.38M | -95.1M | -64.77M | -40.88M | -19.91M | -5.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -11K | -1K | 0 | -3K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and dilution
As reported in financial statements, Corvex's equity base has experienced extreme fluctuations, swinging from a deficit of $1.5 million in 2024Q1 to a peak of $16.8 million in 2024Q2, before collapsing to a $3.5 million deficit by 2025Q4, signaling a highly unstable financial trajectory.
The rapid erosion of equity suggests that the company is struggling to maintain a stable capital base while funding its commercialization efforts. Investors should monitor whether the recent 2026Q1 equity surge represents a sustainable strengthening or merely a temporary reprieve from dilutive financing activities.
Based on recent SEC filings, the company's liquidity position is precarious, with cash reserves dropping to $2.8 million in 2025Q4, which, when paired with a current ratio of 0.57, indicates a severe inability to cover short-term obligations without immediate external capital intervention.
The sharp decline in the current ratio from 3.02 in 2024Q4 to 0.57 in 2025Q4 highlights a rapid deterioration in the company's ability to meet its immediate liabilities. This trend suggests that the firm is operating with virtually no margin for error, making it highly susceptible to operational shocks.
According to the 2026Q1 balance sheet, total assets surged to $604.5 million, primarily driven by $518.3 million in goodwill, which represents a massive departure from the $5.6 million in total assets reported just one quarter prior, warranting significant investor scrutiny regarding valuation.
The sudden appearance of substantial goodwill suggests a major acquisition or accounting adjustment that may not reflect tangible value creation. Analysts should investigate the underlying assets supporting this valuation, as such a large intangible component often introduces significant impairment risk in future periods.
As indicated by the 2026Q1 data, the sudden recognition of $518.3 million in goodwill fundamentally distorts the company's asset profile, masking the underlying reality that the firm remains a cash-burning entity with minimal tangible assets to support its long-term operational requirements.
This accounting shift appears to artificially inflate the balance sheet, potentially misleading stakeholders about the company's true net worth. Investors should look past these headline figures to focus on the persistent negative retained earnings, which provide a more accurate picture of the company's historical value destruction.
Quick answers to the most common questions about buying MOVE stock.
As of 2025, Corvex, Inc. (MOVE) had total assets of $5.6M including $5.0M in current assets.
Corvex, Inc. (MOVE) carries total debt of $4.9M, offset by $2.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Corvex, Inc. (MOVE) has total shareholders' equity (book value) of $-3.5M ($-0.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Corvex, Inc. (MOVE) reported a current ratio of 0.57x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.