The company's financial stability is under pressure as total debt surged to $609.0 million, resulting in a debt-to-equity ratio of 2.04 compared to 0.10 in the prior quarter.
| Total Current Assets | 500.09M | 601.8M | 223.37M | 223.81M | 145.93M | 92.7M | 64.26M |
| Cash & Short-Term Investments | 295.71M | 413.38M | 100.22M | 115.65M | 40.95M | 28.83M | 39.77M |
| Cash Only | 278.6M | 402.21M | 50.34M | 36.54M | 40.95M | 28.83M | 39.77M |
| Short-Term Investments | 17.11M | 11.17M | 49.88M | 79.11M | 0 | 0 | 0 |
| Accounts Receivable | 23.31M | 16.9M | 9.19M | 9.92M | 7.58M | 5.14M | 8.77M |
| Days Sales Outstanding | 7.46 | 7.62 | 5.18 | 7.12 | 8.52 | 8.43 | 28.94 |
| Inventory | 147.98M | 135.18M | 99.81M | 84.11M | 70.23M | 51.46M | 15.73M |
| Days Inventory Outstanding | 210.52 | 223.12 | 203.84 | 204.04 | 240.76 | 270.73 | 174.94 |
| Other Current Assets | 33.09M | 36.34M | 14.15M | 2.76M | 2.16M | 2.06M | 359K |
| Total Non-Current Assets | 549.74M | 535.99M | 215.51M | 181.09M | 70.47M | 50.27M | 17.49M |
| Property, Plant & Equipment | 32.69M | 33.17M | 33.38M | 22.8M | 22.75M | 9.66M | 9.93M |
| Fixed Asset Turnover | 22.27x | 24.41x | 19.38x | 22.31x | 14.27x | 23.05x | 11.14x |
| Goodwill | 64.9M | 64.9M | 64.9M | 64.9M | 16.24M | 16.24M | 306K |
| Intangible Assets | 46.14M | 43.58M | 36.46M | 36M | 26.8M | 21.66M | 5.38M |
| Long-Term Investments | 1.02B | 362.57M | 68.83M | 50.51M | 0 | 0 | 0 |
| Other Non-Current Assets | 4.08M | 4.07M | 3.15M | 6.88M | 2.36M | 1.71M | 1.15M |
| Total Assets | 1.05B | 1.14B | 438.88M | 404.91M | 216.41M | 142.97M | 81.75M |
| Asset Turnover | 0.67x | 0.71x | 1.47x | 1.26x | 1.50x | 1.56x | 1.35x |
| Asset Growth % | 486.65% | 159.25% | 8.39% | 87.1% | 51.37% | 74.88% | - |
| Total Current Liabilities | 123.16M | 114.83M | 124.8M | 109.31M | 90.41M | 55.57M | 26.48M |
| Accounts Payable | 65.25M | 75.96M | 79.13M | 56.19M | 44.81M | 37.02M | 15.89M |
| Days Payables Outstanding | 117.27 | 125.37 | 161.61 | 136.3 | 153.61 | 194.77 | 176.78 |
| Short-Term Debt | 6.54M | 6M | 0 | 0 | 3.92M | 4.43M | 4.22M |
| Deferred Revenue (Current) | 0 | 0 | 18.95M | 13.92M | 12.9M | 8.28M | 4.13M |
| Other Current Liabilities | 51.37M | 32.87M | 10.72M | 29.02M | -7.39M | 863K | 1.98M |
| Current Ratio | 4.06x | 5.24x | 1.79x | 2.05x | 1.61x | 1.67x | 2.43x |
| Quick Ratio | 2.86x | 4.06x | 0.99x | 1.28x | 0.84x | 0.74x | 1.83x |
| Cash Conversion Cycle | 100.71 | 105.37 | 47.42 | 74.85 | 95.68 | 84.39 | 27.11 |
| Total Non-Current Liabilities | 627.75M | 626.47M | 31.78M | 12.49M | 27.3M | 18.75M | 2.92M |
| Long-Term Debt | 585.22M | 17.46M | 0 | 0 | 0 | 919K | 1.27M |
| Capital Lease Obligations | 67.22M | 17.46M | 15.6M | 8.71M | 8.08M | -1.88M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 339K | 239K |
| Other Non-Current Liabilities | 25.27M | 591.54M | 16.17M | 3.77M | 19.22M | 3.34M | 1.65M |
| Total Liabilities | 750.92M | 741.3M | 156.58M | 121.8M | 117.7M | 74.32M | 29.4M |
| Total Debt | 609.02M | 40.93M | 22.71M | 12.51M | 15.88M | 5.35M | 5.49M |
| Net Debt | 330.42M | -361.28M | -27.63M | -24.02M | -25.07M | -23.48M | -34.27M |
| Debt / Equity | 2.04x | 0.10x | 0.08x | 0.04x | 0.16x | 0.08x | 0.10x |
| Debt / EBITDA | 9.68x | 0.32x | 0.18x | 0.15x | 0.50x | 0.23x | 0.26x |
| Net Debt / EBITDA | 5.25x | -2.79x | -0.22x | -0.29x | -0.78x | -1.00x | -1.64x |
| Interest Coverage | - | - | 1683.97x | - | - | 22.25x | 13.33x |
| Total Equity | 298.91M | 396.5M | 282.3M | 283.11M | 98.7M | 68.65M | 52.35M |
| Equity Growth % | 30.7% | 40.45% | -0.28% | 186.82% | 43.78% | 31.14% | - |
| Book Value per Share | 5.31 | 6.43 | 4.57 | 4.82 | 1.75 | 1.21 | 0.93 |
| Total Shareholders' Equity | 298.91M | 396.5M | 282.3M | 283.11M | 98.7M | 68.65M | 52.35M |
| Common Stock | 16K | 18K | 17K | 17K | 16K | 16K | 0 |
| Retained Earnings | 292.65M | 314.01M | 203.27M | 101.78M | 43.24M | 21.52M | 7.6M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.01M | 4.89M | 2.11M | 2.4M | 1.74M | 1.74M | 1.74M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Leverage and Liquidity Compression
According to the 2026Q1 balance sheet, ODD's total debt spiked to $609.0 million, driving the debt-to-equity ratio to 2.04, a significant departure from the 0.10 ratio reported in 2025Q4, which suggests a rapid shift toward debt-funded operations during a period of declining top-line performance.
The sudden accumulation of debt in the most recent quarter warrants deep investigation, as it appears to coincide with the company's deteriorating operating margins. This leverage shift may indicate that the firm is relying on external financing to bridge the gap created by negative cash flows rather than internal capital generation.
Based on reported financial statements, ODD's cash position declined to $278.6 million in 2026Q1 from $402.2 million in 2025Q4, while the current ratio compressed to 4.06, signaling a tightening of the company's short-term liquidity cushion amidst ongoing operational volatility and increased debt service requirements.
While a current ratio of 4.06 remains technically healthy, the downward trend in cash reserves is concerning given the company's recent shift to negative free cash flow. Investors should monitor whether this liquidity drain continues, as it may limit the firm's ability to fund future R&D or marketing initiatives without further dilutive financing.
As reported in the 2026Q1 filings, total equity contracted to $298.9 million from $396.5 million in the prior quarter, a decline driven by the erosion of retained earnings and potential capital allocation decisions that appear to have weakened the company's overall book value position.
The contraction in equity suggests that the company is struggling to maintain its capital base while simultaneously managing rising liabilities. This trend may imply that previous shareholder-friendly capital allocation strategies are no longer sustainable under the current, more challenging operating environment.
Based on the provided data, the most non-obvious risk is the sudden, massive increase in debt relative to the company's stagnant asset base, which, as noted in recent filings, creates a precarious leverage profile that could limit strategic flexibility if the current revenue contraction persists.
The disconnect between the company's historical 'tech-first' narrative and its current reliance on significant debt financing suggests that the business model may be more capital-intensive than previously assumed. This shift warrants caution, as it introduces interest rate sensitivity and repayment risks that were not present in the company's earlier, debt-light growth phases.
Quick answers to the most common questions about buying ODD stock.
As of 2025, Oddity Tech Ltd. (ODD) had total assets of $1.14B including $601.8M in current assets.
Oddity Tech Ltd. (ODD) carries total debt of $40.9M, offset by $413.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Oddity Tech Ltd. (ODD) has total shareholders' equity (book value) of $396.5M ($6.43 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Oddity Tech Ltd. (ODD) reported a current ratio of 5.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.