The company's financial position has deteriorated, with the debt-to-equity ratio surging from 0.03 in 2024Q3 to 2.11 in 2026Q1, reflecting increased reliance on debt-funded operations.
| Total Current Assets | 25.66M | 27.56M | 32.79M | 13.65M | 9.22M | 19.09M | 14.45M | 6.15M | 7.87M | 13.85M | 1.15M | 1.37M | 2.88M |
| Cash & Short-Term Investments | 15.7M | 18.39M | 24.87M | 8.87M | 5.35M | 15.52M | 12.24M | 4.47M | 6.54M | 12.96M | 797.17K | 1.04M | 2.42M |
| Cash Only | 11.4M | 14.13M | 24.37M | 6.87M | 5.35M | 15.52M | 12.24M | 4.47M | 6.54M | 12.96M | 797.17K | 1.04M | 2.42M |
| Short-Term Investments | 4.3M | 4.26M | 492.99K | 1.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.82M | 4.1M | 3.83M | 2.38M | 1.9M | 1.96M | 924.92K | 424.29K | 382.26K | 297.04K | 114.51K | 115.64K | 231.63K |
| Days Sales Outstanding | 47.09 | 36.53 | 42.89 | 45.2 | 44.49 | 51.63 | 44.52 | 40.35 | 57.09 | 69.55 | 37.88 | 61.2 | 92.58 |
| Inventory | 3.55M | 3.12M | 3.17M | 1.8M | 1.4M | 808.31K | 707.11K | 439.53K | 256.15K | 201.16K | 82.44K | 98.02K | 57.6K |
| Days Inventory Outstanding | 93.94 | 81.19 | 123.38 | 108.65 | 96.37 | 83.25 | 99.25 | 174.83 | 128.38 | 145.31 | 106.64 | 146.39 | 99.37 |
| Other Current Assets | 1.59M | 1.94M | 933.38K | 598.85K | 573.46K | -95.33K | 0 | 820.21K | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 11.1M | 11.08M | 9.45M | 930.59K | 946.55K | 1M | 263.81K | 449.21K | 407.1K | 129.15K | 511.8K | 138.71K | 166.49K |
| Property, Plant & Equipment | 6.5M | 6.68M | 8.91M | 839.35K | 703.03K | 908.2K | 263.81K | 154.97K | 187.51K | 77.15K | 21.56K | 27.43K | 4.79K |
| Fixed Asset Turnover | 5.49x | 6.13x | 3.65x | 22.92x | 22.13x | 15.26x | 28.75x | 24.76x | 13.03x | 20.21x | 51.17x | 25.14x | 190.62x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.76M | 1.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 375K | 0 | 0 | 0 | 132.49K | 0 | 0 | 75K | 75K | 52K | 0 | 0 | 0 |
| Other Non-Current Assets | 2.84M | 2.81M | 539.41K | 91.24K | 111.03K | 95.33K | 0 | 219.24K | 144.58K | 0 | 490.24K | 111.28K | 161.7K |
| Total Assets | 36.75M | 38.64M | 42.24M | 14.58M | 10.16M | 20.1M | 14.71M | 6.6M | 8.28M | 13.97M | 1.66M | 1.51M | 3.05M |
| Asset Turnover | 1.11x | 1.06x | 0.77x | 1.32x | 1.53x | 0.69x | 0.52x | 0.58x | 0.30x | 0.11x | 0.67x | 0.46x | 0.30x |
| Asset Growth % | 229.15% | -8.54% | 189.71% | 43.49% | -49.43% | 36.61% | 122.92% | -20.32% | -40.74% | 742.75% | 9.9% | -50.45% | - |
| Total Current Liabilities | 9.39M | 8.35M | 10.17M | 5.48M | 3.6M | 4.28M | 2.87M | 3.88M | 1.86M | 1.49M | 3M | 945.22K | 1.01M |
| Accounts Payable | 1.81M | 1.51M | 1.17M | 1.07M | 569.68K | 723.35K | 180.5K | 450.1K | 426.73K | 264.89K | 311.08K | 138.6K | 325.39K |
| Days Payables Outstanding | 48.52 | 39.2 | 45.59 | 64.67 | 39.22 | 74.5 | 25.34 | 179.04 | 213.87 | 191.35 | 402.41 | 206.99 | 561.34 |
| Short-Term Debt | 594.94K | 494.66K | 0 | 0 | 0 | 0 | 0 | 1.76M | 0 | 0 | 2.07M | 572.65K | 69.96K |
| Deferred Revenue (Current) | 2.67M | 218.22K | 2.28M | 8.51K | 773.88K | 192.75K | 2.81K | 2.95K | 108.6K | 168.01K | 67.26K | 0 | 0 |
| Other Current Liabilities | 5.93M | 5.31M | 5.14M | 3.41M | 1.19M | 2.48M | 2.08M | 779.88K | 292.6K | 409.85K | 248.56K | 149.28K | 78.77K |
| Current Ratio | 2.73x | 3.30x | 3.22x | 2.49x | 2.56x | 4.46x | 5.03x | 1.58x | 4.24x | 9.32x | 0.38x | 1.45x | 2.84x |
| Quick Ratio | 2.36x | 2.93x | 2.91x | 2.16x | 2.17x | 4.27x | 4.79x | 1.47x | 4.11x | 9.19x | 0.35x | 1.35x | 2.79x |
| Cash Conversion Cycle | 92.51 | 78.53 | 120.68 | 89.18 | 101.64 | 60.38 | 118.44 | 36.15 | -28.4 | 23.51 | -257.89 | 0.6 | -369.39 |
| Total Non-Current Liabilities | 18.37M | 18.89M | 7.36M | 115.16K | 200.71K | 402.87K | 274.7K | 890.46K | 535.33K | 44.04K | 16.19M | 1.9M | 1.32M |
| Long-Term Debt | 10.93M | 11.22M | 0 | 0 | 0 | 0 | 0 | 888.96K | 0 | 0 | 3.38M | 1.48M | 1.32M |
| Capital Lease Obligations | 30.91M | 7.67M | 7.36M | 115.16K | 200.21K | 401.62K | 155.15K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.5K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 118.06K | 1.5K | 0 | 0 | 12.8M | 425.33K | 0 |
| Total Liabilities | 27.75M | 27.23M | 17.53M | 5.59M | 3.8M | 4.69M | 3.14M | 4.77M | 1.86M | 1.53M | 19.19M | 2.85M | 2.33M |
| Total Debt | 18.96M | 19.38M | 8.11M | 601.3K | 553.91K | 735K | 173.44K | 2.65M | 0 | 0 | 5.45M | 2.05M | 1.39M |
| Net Debt | 7.57M | 5.25M | -16.27M | -6.27M | -4.79M | -14.79M | -12.07M | -1.81M | -6.54M | -12.96M | 4.66M | 1.01M | -1.03M |
| Debt / Equity | 2.11x | 1.70x | 0.33x | 0.07x | 0.09x | 0.05x | 0.01x | 1.45x | - | - | - | - | 1.95x |
| Debt / EBITDA | -1.49x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.59x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -11.19x | -15.52x | - | - | - | - | -23.36x | -95.00x | -29.33x | -18.24x | -9.58x | - | - |
| Total Equity | 9M | 11.4M | 24.71M | 8.99M | 6.36M | 15.41M | 11.57M | 1.82M | 6.43M | 12.45M | -17.53M | -1.34M | 712.11K |
| Equity Growth % | 27.06% | -53.86% | 174.93% | 41.36% | -58.73% | 33.23% | 533.82% | -71.6% | -48.37% | 171% | -1210.04% | -287.91% | - |
| Book Value per Share | 0.21 | 0.27 | 0.65 | 0.30 | 0.90 | 2.64 | 3.47 | 3.29 | 15.67 | 86.47 | -2.73 | -40.17 | 21.40 |
| Total Shareholders' Equity | 9M | 11.4M | 24.71M | 8.99M | 6.36M | 15.41M | 11.57M | 1.82M | 6.43M | 12.45M | -17.53M | -1.34M | 712.11K |
| Common Stock | 3.86K | 3.85K | 3.44K | 2.71K | 775 | 687 | 457 | 57 | 1.25K | 1.11K | 112 | 100 | 1.6K |
| Retained Earnings | -121.7M | -118.69M | -103.11M | -96.93M | -88.78M | -78.06M | -67.69M | -56.13M | -45.29M | -34.97M | -22.88M | -19.26M | -15.53M |
| Treasury Stock | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K | -6.46K |
| Accumulated OCI | 174.88K | 164.52K | -14.41K | 83.67K | 43.23K | -60.68K | -12.69K | 0 | -100.12K | -31.76K | -20.34K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and capital depletion
According to recent balance sheet filings, Myomo's equity base has contracted from $24.7M in 2024Q4 to $9.0M by 2026Q1, reflecting a rapid erosion of net assets as the company continues to fund persistent operating losses through a combination of debt accumulation and equity consumption.
The trajectory suggests a company struggling to reach a self-sustaining scale, as the rapid decline in equity relative to rising debt levels indicates a weakening financial foundation. Investors should monitor whether the current trajectory necessitates further dilutive capital raises to prevent a breach of operational viability.
As reported in financial statements, Myomo's debt-to-equity ratio has surged from a negligible 0.03 in 2024Q3 to 2.11 in 2026Q1, marking a significant transition toward debt-funded operations that may constrain future financial flexibility and increase the company's sensitivity to interest rate volatility.
The shift from a nearly debt-free position to a leveraged structure appears to be a necessity-driven response to cash burn rather than a strategic capital allocation choice. This reliance on debt, coupled with persistent net losses, may limit the company's ability to secure favorable financing terms in future periods.
Based on Myomo's reported figures, cash reserves have declined from a peak of $24.4M in 2024Q4 to $11.4M in 2026Q1, a trend that suggests the company's liquidity buffer is rapidly diminishing relative to its ongoing operational requirements and high fixed-cost structure.
While the current ratio of 2.73 appears superficially healthy, the underlying cash burn rate suggests that the company's liquidity position is more precarious than headline metrics imply. The lack of consistent positive operating cash flow makes the current cash balance a critical focal point for near-term survival.
Financial disclosures reveal that Myomo's asset base includes $1.8M in goodwill as of 2026Q1, which warrants further investigation given the company's history of persistent net losses and the potential for future impairment charges that could further erode an already thinning equity base.
The presence of goodwill on the balance sheet of a pre-profit, cash-burning entity is often a red flag that suggests potential overvaluation of past acquisitions or intangible assets. Investors should consider the risk that these assets may not provide the expected economic benefits, potentially leading to non-cash write-downs.
Quick answers to the most common questions about buying MYO stock.
As of 2025, Myomo, Inc. (MYO) had total assets of $38.6M including $27.6M in current assets.
Myomo, Inc. (MYO) carries total debt of $19.4M, offset by $18.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Myomo, Inc. (MYO) has total shareholders' equity (book value) of $11.4M ($0.27 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Myomo, Inc. (MYO) reported a current ratio of 3.30x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.