The balance sheet shows structural deterioration, with retained earnings falling to -$194.5 million in 2026Q1, reflecting the cumulative impact of persistent operational losses.
| 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 | Sep'99 | Sep'98 | Sep'97 | Sep'96 |
|---|
| Total Current Assets | 240.78M | 261.91M | 333.22M | 386.46M | 325.19M | 299.31M | 288.89M | 224.55M | 219.31M | 221.91M | 156.44M | 136.71M | 131.21M | 119.58M | 120.4M | 52.84M | 97.48M | 104.82M | 106.22M | 123.79M | 112.56M | 101.41M | 79.94M | 77.18M | 25.12M | 26.81M | 28.19M | 9M | 8.6M | 11.5M | 33.7M |
| Cash & Short-Term Investments | 176.96M | 199.28K | 267.76M | 290.41M | 110.85M | 153.04M | 209.4M | 156.34M | 156.57M | 155.9M | 120.95M | 101.32M | 97.87M | 93.19M | 87.89M | 23.88M | 75.74M | 79.67M | 82.52M | 95.57M | 91M | 77.62M | 66.72M | 64.02M | 14.91M | 15.19M | 20.05M | 5.6M | 1.2M | 1.9M | 2.3M |
| Cash Only | 176.96M | 199.28K | 267.76M | 290.41M | 83.98M | 116.76M | 160.8M | 75.72M | 88.44M | 72.87M | 109.79M | 94.09M | 92.87M | 93.19M | 87.89M | 23.88M | 73.84M | 74.93M | 39.57M | 32.23M | 19.95M | 32.83M | 10.12M | 30.7M | 4.36M | 2.43M | 5.1M | 1.1M | 1.2M | 1.9M | 2.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 26.87M | 36.28M | 48.6M | 80.62M | 68.13M | 83.03M | 11.16M | 7.22M | 5M | 0 | 0 | 0 | 1.9M | 4.74M | 42.96M | 63.34M | 71.05M | 44.79M | 56.6M | 33.33M | 10.54M | 12.76M | 14.96M | 4.5M | 0 | 0 | 0 |
| Accounts Receivable | 24.81M | 22.2K | 23.82M | 40.17M | 70.8M | 45.32M | 38.84M | 36.95M | 34.84M | 42.52M | 19.83M | 19.27M | 16.14M | 12.96M | 17.55M | 17.16M | 12.47M | 13.69M | 11.57M | 11.3M | 10.36M | 11.6M | 7.07M | 8.23M | 5.2M | 6.13M | 5.45M | 1.6M | 1.6M | 1M | 7.6M |
| Days Sales Outstanding | 104.21 | 0.07 | 46.78 | 36.16 | 66.69 | 70.79 | 82.55 | 87.23 | 69.97 | 92.9 | 58.93 | 58.74 | 55.33 | 47.8 | 72.92 | 76.49 | 60.68 | 64.89 | 59.4 | 49.87 | 55.47 | 61.05 | 47.81 | 74.3 | 59.27 | 68.72 | 66.11 | 57.82 | 59.59 | 38.83 | 40.38 |
| Inventory | 30.31M | 31.06K | 34.2M | 47.61M | 95.7M | 53.14M | 31.86M | 23.16M | 22.89M | 19.34M | 11.8M | 13.24M | 15.76M | 11.44M | 12.76M | 9.62M | 7.35M | 8.84M | 10.7M | 9.41M | 5.53M | 4.13M | 4.95M | 4M | 4.09M | 4.44M | 1.5M | 1.5M | 1.1M | 1.3M | 6.6M |
| Days Inventory Outstanding | 224.55 | 0.17 | 113.89 | 76.88 | 146.13 | 167.09 | 166.49 | 140.81 | 122.62 | 103.66 | 107.21 | 122.59 | 144.41 | 103.52 | 144.4 | 116.42 | 96.95 | 107.98 | 130.34 | 106 | 81.6 | 53.86 | 81.63 | 90.98 | 115.78 | 131.54 | 60.64 | 176.61 | 133.83 | 169.46 | 41.11 |
| Other Current Assets | 8.7M | 261.66M | 3.49M | 2.23M | 41.57M | 39.87M | 4.93M | 5.68M | 3.08M | 4.33M | 3.97M | 1.35M | 306K | 271K | 493K | 496K | -7.34B | 0 | 0 | 5.06M | 3.68M | 6.5M | 0 | 0 | 0 | 0 | 0 | 300K | 4.7M | 7.3M | 17.2M |
| Total Non-Current Assets | 138.39M | 141.26M | 146.44M | 96.39M | 118.99M | 161.68M | 165.58M | 124.75M | 96.26M | 74.3M | 51.49M | 52.61M | 58.42M | 64.67M | 71.32M | 75.03M | 25.04M | 22.17M | 25.7M | 43.56M | 44.01M | 29.34M | 8.12M | 8.97M | 10.62M | 10.48M | 9.55M | 1.7M | 1.8M | 5.5M | 7.2M |
| Property, Plant & Equipment | 37.86M | 39.18K | 58.69M | 58.27M | 71.11M | 84.98M | 57.63M | 37.29M | 24.3M | 21.37M | 20.03M | 20.08M | 17.93M | 17.93M | 18.55M | 19.86M | 19.61M | 20.01M | 21.24M | 20.91M | 17.37M | 5.82M | 5.55M | 6.47M | 7.43M | 7.8M | 6.74M | 1M | 800K | 1.2M | 4.5M |
| Fixed Asset Turnover | 1.72x | 2935.78x | 3.17x | 6.96x | 5.45x | 2.75x | 2.98x | 4.15x | 7.48x | 7.82x | 6.13x | 5.96x | 5.94x | 5.52x | 4.74x | 4.12x | 3.83x | 3.85x | 3.35x | 3.95x | 3.92x | 11.93x | 9.73x | 6.25x | 4.31x | 4.18x | 4.47x | 10.10x | 12.25x | 7.83x | 15.27x |
| Goodwill | 43.05M | 43.36K | 40.33M | 35.7M | 35.1M | 40.28M | 40.35M | 36.2M | 18.52M | 20.08M | 18.79M | 18.25M | 21.73M | 23.78M | 25.45M | 24.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 18.94M | 19.05K | 17.43M | 1.21M | 11.69M | 14.34M | 17.9M | 14.67M | 5.14M | 8.22M | 10.34M | 12.59M | 17.5M | 22.23M | 27.21M | 30.38M | 4.81M | 809.25K | 4.38M | 5.28M | 6.33M | 2.88M | 2.08M | 1.89M | 2.54M | 2.04M | 2.4M | 500K | 600K | 700K | 1.7M |
| Long-Term Investments | 104.4M | 25.96M | 28.3M | 0 | 0 | 17.01M | 47.72M | 33.42M | 44.75M | 20.69M | -2.45M | -2.88M | -139K | 772K | -4.4M | -5.64B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 13.68M | 115.2M | 1.53M | 1.22M | 1.09M | 5.07M | 1.97M | 3.16M | 3.55M | 1.98M | 2.33M | 1.68M | 1.25M | 729K | 124K | 47K | 617.08K | 1.35M | 86.29K | 107.59K | 457.79K | 440.23K | 488.19K | 609.93K | 645.63K | 634.55K | 406.1K | 200K | 400K | 3.6M | 1M |
| Total Assets | 379.17M | 403.17M | 479.66M | 482.85M | 444.18M | 460.99M | 454.47M | 349.3M | 315.57M | 296.2M | 207.94M | 189.32M | 189.63M | 184.25M | 191.72M | 127.86M | 122.52M | 126.99M | 131.92M | 167.35M | 156.57M | 130.75M | 88.06M | 86.15M | 35.74M | 37.28M | 37.74M | 10.7M | 10.4M | 17M | 40.9M |
| Asset Turnover | 0.21x | 0.29x | 0.39x | 0.84x | 0.87x | 0.51x | 0.38x | 0.44x | 0.58x | 0.56x | 0.59x | 0.63x | 0.56x | 0.54x | 0.46x | 0.64x | 0.61x | 0.61x | 0.54x | 0.49x | 0.44x | 0.53x | 0.61x | 0.47x | 0.90x | 0.87x | 0.80x | 0.94x | 0.94x | 0.55x | 1.68x |
| Asset Growth % | -46.49% | -15.95% | -0.66% | 8.7% | -3.65% | 1.43% | 30.11% | 10.69% | 6.54% | 42.45% | 9.83% | -0.16% | 2.92% | -3.9% | 49.95% | 4.36% | -3.52% | -3.74% | -21.17% | 6.89% | 19.75% | 48.47% | 2.22% | 141.07% | -4.15% | -1.2% | 252.67% | 2.88% | -38.82% | -58.44% | 35.88% |
| Total Current Liabilities | 44.08M | 39.8M | 33.48M | 39.54M | 69.06M | 68.06M | 46.49M | 32.71M | 27.98M | 32.24M | 17.34M | 25.23M | 26.46M | 18.98M | 16.92M | 27.61M | 19.68M | 15.38M | 15.28M | 18.17M | 16.58M | 10.74M | 11.03M | 10.01M | 6.19M | 7.04M | 6.69M | 2.1M | 2.1M | 2M | 11.4M |
| Accounts Payable | 10.63M | 6.52K | 8.17M | 13.15M | 38.02M | 28.02M | 17.41M | 9.57M | 10.6M | 10.23M | 4.59M | 5.09M | 7.15M | 4.83M | 3.38M | 4.14M | 2.9M | 3.37M | 3.93M | 5.62M | 3.31M | 2.55M | 2.36M | 3.51M | 1.8M | 2.87M | 1.52M | 500K | 600K | 100K | 2.8M |
| Days Payables Outstanding | 52.37 | 0.04 | 27.22 | 21.23 | 58.05 | 88.12 | 90.96 | 58.18 | 56.78 | 54.81 | 41.74 | 47.09 | 65.49 | 43.73 | 38.26 | 50.12 | 38.26 | 41.15 | 47.8 | 63.26 | 48.83 | 33.23 | 38.9 | 79.79 | 51.03 | 85.05 | 61.72 | 58.87 | 73 | 13.04 | 17.44 |
| Short-Term Debt | 2.22M | 2.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.29M | 7.79M | 509.76K | 557.9K | 556.75K | 608.6K | 456.54K | 1.12M | 1.13M | 1.07M | 1.06M | 1.13M | 0 | 0 | 0 | 5.4M |
| Deferred Revenue (Current) | 6.71M | 1.52K | 2.96M | 1.56M | 2.27M | 2.94M | 4.81M | 3.71M | 3.52M | 1.31M | 1.39M | 9.73M | 8.04M | 1.12M | 5.58M | 5.64M | 121 | 0 | 1.95M | 2.84M | 1.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 30.37M | 37.56M | 5.22M | 3.98M | 5.52M | 4.75M | 4.48M | 8.93M | 3.49M | 4.96M | 1.97M | 2.27M | 4.51M | 7.21M | 3.71M | 1.54M | 0 | 6.64M | 7.28M | 1.32M | 611.52K | 5.22M | 0 | 0 | 0 | 0 | 0 | 1.6M | 1.5M | 1.9M | 3.2M |
| Current Ratio | 5.46x | 6.58x | 9.95x | 9.77x | 4.71x | 4.40x | 6.21x | 6.86x | 7.84x | 6.88x | 9.02x | 5.42x | 4.96x | 6.30x | 7.12x | 1.91x | 4.95x | 6.81x | 6.95x | 6.81x | 6.79x | 9.44x | 7.24x | 7.71x | 4.06x | 3.81x | 4.21x | 4.29x | 4.10x | 5.75x | 2.96x |
| Quick Ratio | 4.77x | 6.58x | 8.93x | 8.57x | 3.32x | 3.62x | 5.53x | 6.16x | 7.02x | 6.28x | 8.34x | 4.89x | 4.36x | 5.70x | 6.36x | 1.57x | 4.58x | 6.24x | 6.25x | 6.30x | 6.46x | 9.06x | 6.80x | 7.31x | 3.40x | 3.17x | 3.99x | 3.57x | 3.57x | 5.10x | 2.38x |
| Cash Conversion Cycle | 276.38 | 0.2 | 133.45 | 91.81 | 154.77 | 149.77 | 158.08 | 169.86 | 135.82 | 141.75 | 124.4 | 134.23 | 134.25 | 107.59 | 179.06 | 142.79 | 119.38 | 131.72 | 141.93 | 92.6 | 88.24 | 81.68 | 90.53 | 85.49 | 124.02 | 115.21 | 65.03 | 175.56 | 120.43 | 195.26 | 64.05 |
| Total Non-Current Liabilities | 21.76M | 22.55M | 35.84M | 12.64M | 10.69M | 12.39M | 9.41M | 9.44M | 4.21M | 5.88M | 4.75M | 4.65M | 4.47M | 4.11M | 4.49M | 5.64M | 10.69M | 7.8M | 8.31M | 9.13M | 10.48M | 1.09M | 1.45M | 2.63M | 3.53M | 3.7M | 4.87M | 500K | 600K | 100K | 400K |
| Long-Term Debt | 0 | 10.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.79M | 8.3M | 8.82M | 10.03M | 884.02K | 1.33M | 2.46M | 3.41M | 3.59M | 4.64M | 0 | 0 | 0 | 400K |
| Capital Lease Obligations | 34.3M | 0 | 12.43M | 11.39M | 9.6M | 9.15M | 4.49M | 5.58M | 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 | 0 | 0 | 0 | 554K | 408K | 2.23M | 1.2M | 899K | 3.31M | 1.95M | 2.45M | 2.88M | 3.24M | 3.44M | 4.4M | 5.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 21.76M | 11.58M | 23.4M | 696K | 680K | 1M | 3.73M | 2.96M | 0 | 3.93M | 2.3M | 1.77M | 1.23M | 677K | 89K | 0 | 0 | 8.91K | 11.98K | 311.8K | 451.24K | 207.04K | 118.14K | 172.14K | 119.55K | 114.03K | 225.33K | 0 | 0 | 0 | 0 |
| Total Liabilities | 65.84M | 62.34M | 69.32M | 52.17M | 79.75M | 80.46M | 55.9M | 42.15M | 32.19M | 38.12M | 22.09M | 29.89M | 30.93M | 23.1M | 21.41M | 27.61M | 19.68M | 23.18M | 23.59M | 27.3M | 27.06M | 11.83M | 12.49M | 12.64M | 9.72M | 10.74M | 11.56M | 2.1M | 2.1M | 2M | 11.8M |
| Total Debt | 12.66M | 13.2M | 14.6M | 13.5M | 12.55M | 12.27M | 6.13M | 7.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.29M | 7.79M | 8.3M | 8.86M | 9.37M | 10.64M | 1.34M | 2.46M | 3.58M | 4.48M | 4.64M | 5.77M | 0 | 0 | 0 | 5.8M |
| Net Debt | -176.96M | 13M | -253.16M | -276.9M | -71.43M | -104.49M | -154.67M | -68.49M | -88.44M | -72.87M | -109.79M | -94.09M | -92.87M | -93.19M | -87.89M | -16.59M | -66.05M | -66.63M | -30.71M | -22.86M | -9.31M | -31.49M | -7.66M | -27.11M | 111.02K | 2.22M | 673.6K | -1.1M | -1.2M | -1.9M | 3.5M |
| Debt / Equity | 0.04x | 0.04x | 0.04x | 0.03x | 0.03x | 0.03x | 0.02x | 0.02x | - | - | - | - | - | - | - | 0.07x | 0.08x | 0.08x | 0.08x | 0.07x | 0.08x | 0.01x | 0.03x | 0.05x | 0.17x | 0.17x | 0.22x | - | - | - | 0.20x |
| Debt / EBITDA | -0.30x | - | - | 0.18x | 1.43x | 1363.78x | 1.75x | 0.44x | - | - | - | - | - | - | - | - | - | - | - | 6.18x | 1.44x | 0.11x | 2.17x | 2.78x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 4.16x | - | - | -3.74x | -8.16x | -11609.78x | -44.14x | -4.19x | -1.93x | -2.13x | -5.34x | -6.84x | - | - | - | - | - | - | - | -15.07x | -1.26x | -2.56x | -6.78x | -21.00x | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -94.59x | -18.22x | -10.61x | -11.94x | -47.23x | - | - | - | - | - | - | - | -0.87x | - | - | - | - |
| Total Equity | 313.32M | 340.83M | 410.34M | 430.67M | 364.43M | 380.53M | 398.57M | 307.14M | 283.38M | 258.08M | 185.85M | 159.44M | 158.7M | 161.15M | 170.31M | 100.25M | 102.84M | 103.81M | 108.33M | 140.05M | 129.5M | 118.92M | 75.58M | 73.51M | 26.02M | 26.54M | 26.17M | 8.6M | 8.3M | 15M | 29.1M |
| Equity Growth % | -63.41% | -16.94% | -4.72% | 18.18% | -4.23% | -4.53% | 29.77% | 8.39% | 9.8% | 38.87% | 16.57% | 0.46% | -1.52% | -5.38% | 69.89% | -2.52% | -0.93% | -4.17% | -22.66% | 8.15% | 8.9% | 57.35% | 2.81% | 182.52% | -1.97% | 1.41% | 204.33% | 3.61% | -44.67% | -48.45% | 30.49% |
| Book Value per Share | 4.50 | 4.64 | 5.51 | 5.79 | 5.03 | 5.29 | 5.90 | 4.94 | 4.53 | 4.23 | 3.29 | 2.80 | 2.84 | 2.90 | 3.31 | 2.14 | 2.23 | 2.26 | 2.33 | 2.99 | 2.78 | 2.58 | 1.70 | 1.85 | 0.69 | 0.72 | 0.75 | 0.62 | 0.61 | 0.75 | 1.54 |
| Total Shareholders' Equity | 313.32M | 340.83M | 410.34M | 430.67M | 364.43M | 380.53M | 398.57M | 307.14M | 283.38M | 258.08M | 185.85M | 159.44M | 158.7M | 161.15M | 170.31M | 100.25M | 102.84M | 103.81M | 108.33M | 140.05M | 129.5M | 118.92M | 75.58M | 73.51M | 26.02M | 26.54M | 26.17M | 8.6M | 8.3M | 15M | 28.9M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 46 | 46 | 46 | 47 | 46 | 46 | 45 | 44 | 38 | 37 | 36 | 114.8M | 0 | 0 | 0 |
| Retained Earnings | -194.54M | -172.16M | -103.43M | -83.93M | -137.59M | -120.45M | -97.45M | -82.53M | -99.19M | -119.51M | -150.46M | -170.18M | -178.34M | -173.73M | -162.54M | -147.43M | -138.59M | -135.09M | -127.28M | -96M | -98.41M | -103.68M | -131.13M | -130.57M | -129.43M | -126.09M | -122.36M | -106.3M | -103M | -95.4M | -76.8M |
| 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 | -20.04M | -18.4M | -24.36M | -14.94M | -18.43M | -10.08M | -9.1M | -12.14M | -18.71M | -10.34M | -14.22M | -15.64M | -7.85M | -3.8M | -666K | -1.96M | -235.26K | -230.99K | -262.44K | -238.9K | -151.2K | -3.62M | -3.24M | -788.22K | -184.68K | -125.66K | -231.25K | -4.9M | -4.5M | -4.3M | -5.8M |
| 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 | 0 | 0 | 0 | 0 | 0 | 200K |
Imminent liquidity and solvency crisis
As reported in recent financial statements, OraSure's total assets have declined from $482.8 million in 2023Q4 to $379.2 million in 2026Q1, signaling a consistent contraction that reflects the company's inability to replace pandemic-era capital accumulation with sustainable, long-term growth in its core diagnostic and molecular segments.
The steady reduction in total assets suggests that the company is consuming its resource base to fund ongoing operations rather than reinvesting for future expansion. This downward trend in asset value, coupled with persistent net losses, implies that the business model is currently failing to generate the internal capital necessary to maintain its historical scale.
Based on the company's reported figures, cash and equivalents have plummeted from $290.4 million in 2023Q4 to a concerning $177.0 million in 2026Q1, indicating that the firm's liquidity buffer is eroding at a rate that warrants immediate concern regarding its long-term operational runway.
While the current ratio remains elevated at 5.46, this metric may be misleading if the underlying current assets are heavily comprised of potentially obsolete inventory from the pandemic era. Investors should monitor whether the company can maintain sufficient liquidity to support its high fixed-cost structure without resorting to dilutive financing.
According to the provided quarterly data, the company's retained earnings have deteriorated significantly, falling from -$83.9 million in 2023Q4 to -$194.5 million in 2026Q1, which highlights the cumulative impact of sustained operational losses on the firm's overall equity quality and long-term shareholder value.
The consistent deepening of negative retained earnings suggests that the company has been unable to achieve profitability since the pandemic peak, effectively eroding the equity base. This trend implies that management's capital allocation strategy has not yet successfully pivoted to a sustainable, non-COVID revenue model.
As indicated by the financial data, the company's net PPE has declined from $58.3 million in 2023Q4 to $37.9 million in 2026Q1, which may suggest either strategic divestment or, more concerningly, the accelerated impairment of manufacturing assets that are no longer aligned with current market demand.
The reduction in PPE value, when viewed alongside the collapse in revenue, suggests that the company's manufacturing footprint is currently misaligned with its actual production requirements. This misalignment poses a significant risk of further non-cash impairment charges, which would further weaken the balance sheet and complicate the path to recovery.
Quick answers to the most common questions about buying OSUR stock.
As of 2025, OraSure Technologies, Inc. (OSUR) had total assets of $403.2M including $261.9M in current assets.
OraSure Technologies, Inc. (OSUR) carries total debt of $13.2M, offset by $0.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
OraSure Technologies, Inc. (OSUR) has total shareholders' equity (book value) of $340.8M ($4.64 book value per share). Book value represents the net worth of the company belonging to common stock holders.
OraSure Technologies, Inc. (OSUR) reported a current ratio of 6.58x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.