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RMTIRockwell Medical, Inc.
$0.59$23M
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HomeStocksRMTIBalance Sheet

Rockwell Medical, Inc. (RMTI) Balance Sheet

29Y historyFree accessUpdated daily

The company's financial position is increasingly vulnerable, evidenced by a $404.6 million deficit in retained earnings and a debt-to-equity ratio that has fluctuated as high as 0.69 in recent periods.

RMTI Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98Dec'97
Total Current Assets36.94M38.16M37.03M28.77M35.31M35.29M69.47M36.87M46.83M48.83M78.51M84.63M94.71M31.92M13.15M25.9M32.67M29.95M14.43M18.65M9.06M5.38M4.24M3.74M3.33M2.67M1.97M2.5M2.9M900K
Cash & Short-Term Investments23.89M21.6M21.6M10.94M21.49M22.44M58.68M26.05M33.53M33.06M57.94M70.68M85.73M23.92M4.71M17.53M24.2M23.04M5.6M11.1M2.66M299.03K166.19K106.64K13383.04K210.8K1.1M1.9M100K
Cash Only9.61M15.66M15.66M8.98M10.1M13.28M48.68M11.79M22.71M8.41M17.18M31.2M65.8M11.88M4.71M5.72M12.26M23.04M5.6M11.1M2.66M299.03K166.19K106.64K13383.04K210.8K1.1M1.9M100K
Short-Term Investments14.28M14.29M5.94M1.95M11.39M9.16M10M14.25M10.82M24.65M40.76M39.48M19.93M12.03M011.81M11.94M0000000000000
Accounts Receivable8.82M8.14M8.29M10.9M6.26M5.91M4.17M4.2M7.35M6.36M6.39M5.05M4.47M4.58M4.43M4.22M4.51M3.49M5.23M4.69M3.47M2.84M2.3M2.17M1.72M1.12M926.88K1M700K400K
Days Sales Outstanding0.1842.9129.8247.5931.3834.8524.4825.0242.3340.4843.7933.2830.1231.932.4631.4827.6223.2936.9539.7544.2837.3846.8352.954.6945.1645.3754.4848.2144.24
Inventory3.06M3.42M5.78M5.87M5.81M4.08M3.91M3.65M4.04M7.64M12.14M7.87M3.92M2.8M2.65M2.5M2.94M3.09M3.16M2.56M2.66M2.05M1.65M1.35M1.48M1.07M585.12K400K200K300K
Days Inventory Outstanding0.0721.7125.1128.6130.8723.1224.0222.7722.6952.0195.2461.9131.3522.3522.4121.121.5724.0623.7223.3437.5830.3339.8439.753.6748.0435.0227.0414.631.29
Other Current Assets1.17M-24.97B1.36M1.06M1.75M000002.03M1.03M587.2K623.73K1.36M1.64M1.02M329.88K440.76K302.57K261.47K193.16K120.29K112.63K132.28K400.9K248.62K0100K100K
Total Non-Current Assets20.48M18.98M22.18M23.4M11.32M13.29M8.28M7.44M5.73M9.95M4.64M3.2M3.29M4.44M3.88M6.04M4.3M4.93M4.53M4.16M4.09M3.88M3.46M3.31M3.12M3.39M2.08M2M2.4M2.7M
Property, Plant & Equipment9.48M010.34M11.02M8.61M10.22M5.55M5.65M2.64M2.55M1.39M1.65M1.5M1.65M1.86M2.29M3.05M3.63M3.25M2.84M2.59M2.43M2.05M1.94M1.73M1.72M823.75K700K900K700K
Fixed Asset Turnover2503.07x-9.81x7.59x8.46x6.06x11.20x10.86x24.03x22.48x38.29x33.62x36.20x31.77x26.82x21.38x19.53x15.07x15.90x15.16x11.07x11.40x8.76x7.70x6.64x5.25x9.05x9.57x5.89x4.71x
Goodwill921K921K921K921K921K921K921K921K920.75K920.75K920.75K920.75K920.75K920.75K920.75K920.75K920.75K920.75K920.75K920.75K920.75K0000920.75K0000
Intangible Assets9.52M9.66M10.21M10.76M000004.03K4.38K165.66K332.69K499.71K666.74K833.77K166.66K214.34K240.66K270.45K457.85K1.32M1.29M1.23M1.26M01.09M1.1M1.3M0
Long-Term Investments000000000000000000000000000000
Other Non-Current Assets556K8.4M706K705K1.8M2.14M1.8M876K2.17M6.48M2.33M462.84K542.22K1.37M429.72K2M163.62K163.65K120.89K125.67K127.63K134.79K120.6K127.47K134.78K755.36K170.99K200K200K2M
Total Assets57.42M57.15M59.21M52.17M46.63M48.57M77.75M44.32M52.56M58.78M83.15M87.82M98M36.36M17.03M31.94M36.97M34.88M18.96M22.8M13.15M9.26M7.7M7.04M6.45M6.06M4.05M4.5M5.3M3.6M
Asset Turnover309.53x1.21x1.71x1.60x1.56x1.27x0.80x1.38x1.21x0.97x0.64x0.63x0.55x1.44x2.93x1.53x1.61x1.57x2.73x1.89x2.18x2.99x2.33x2.12x1.78x1.49x1.84x1.49x1.00x0.92x
Asset Growth %2.88%-3.48%13.48%11.88%-3.99%-37.52%75.44%-15.68%-10.59%-29.31%-5.32%-10.39%169.51%113.58%-46.7%-13.6%5.99%83.96%-16.85%73.37%42.03%20.26%9.31%9.16%6.53%49.51%-9.96%-15.09%47.22%-
Total Current Liabilities9.87M9.58M14.09M16.64M17.69M20.97M12.79M12.37M13.2M9.14M10.15M8.09M9.8M17.85M26.99M13.69M6.42M5.54M7.1M4.64M4.45M4.68M3.46M2.95M2.63M2.57M1.17M900K700K1.7M
Accounts Payable3.45M2M2.87M4.52M4.05M3.74M4.16M3.02M4.49M4.22M5.86M4M5.29M8.69M14.83M5.36M3.66M3.39M5.21M2.98M2.92M1.8M2.12M1.67M1.68M1.16M740.89K500K500K1M
Days Payables Outstanding0.0512.6812.472221.5221.2125.518.8425.2428.7545.9531.4242.3469.34125.4845.226.8826.4139.127.2141.2526.5451.2349.0161.0952.2244.3433.836.5104.29
Short-Term Debt2.69M264K268K244K2.13M7.82M0763K000002.31M0000176.85K194.24K369.55K2.32M842.28K949.98K612.05K823.53K10.64K00200K
Deferred Revenue (Current)314K0143K289K1.8M2.31M2.33M2.29M2.32M205.3K77.22K264.88K183.89K207.54K135.13K96.33K00000000000000
Other Current Liabilities2.31M5.69M5.29M5.17M2.87M2.17M3.03M1.49M2.38M1.99M2M1.89M1.36M1.49M1.12M895.2K165.48K250.91K68.34K337.4K48.27K33.56K11.01K000419.38K400K200K500K
Current Ratio3.74x3.98x2.63x1.73x2.00x1.68x5.43x2.98x3.55x5.34x7.74x10.46x9.66x1.79x0.49x1.89x5.09x5.41x2.03x4.02x2.03x1.15x1.23x1.27x1.27x1.04x1.68x2.78x4.14x0.53x
Quick Ratio3.43x3.63x2.22x1.38x1.67x1.49x5.12x2.69x3.24x4.51x6.54x9.49x9.26x1.63x0.39x1.71x4.63x4.85x1.59x3.47x1.44x0.71x0.75x0.81x0.71x0.62x1.18x2.33x3.86x0.35x
Cash Conversion Cycle0.1951.9542.4654.1940.7336.7622.9928.9539.7863.7493.0863.7719.13-15.09-70.617.3822.3220.9521.5735.8840.6141.1735.4443.5947.2640.9736.0547.7226.31-28.76
Total Non-Current Liabilities11.7M10.58M12.53M14.24M14.84M25.07M30.79M11.62M12.08M16.72M20.05M17.41M19.49M17.92M02.28K8.75K19.06K41.2K204.84K326.05K733.72K818.68K926.23K781.5K892.54K19.84K00200K
Long-Term Debt8.21M8.83M8.47M8.29M7.55M13.19M20.95M00000017.92M000041.2K204.84K326.05K733.72K818.68K926.23K781.5K892.54K19.84K000
Capital Lease Obligations10.02M1.76M2.63M2.96M4.67M5.89M1.82M1.78M00000002.28K8.75K19.06K41.2K00000000000
Deferred Tax Liabilities000000000000000000000000000000
Other Non-Current Liabilities001M2.51M14K14K000000000000-41.2K0000000000200K
Total Liabilities21.57M20.16M26.62M30.88M32.53M46.04M43.58M24M25.28M25.87M30.2M25.5M29.3M35.77M26.99M13.69M6.43M5.56M7.14M4.84M4.78M5.42M4.28M3.87M3.41M3.46M1.19M900K700K1.9M
Total Debt14.39M12.47M13.54M13.44M16.36M28.89M23.94M4.04M0000020.23M2.28K8.75K26.96K62K436.11K399.08K695.6K3.06M1.66M1.88M1.39M1.72M30.48K00200K
Net Debt4.78M-3.19M-2.13M4.46M6.26M15.62M-24.75M-7.76M-22.71M-8.41M-17.18M-31.2M-65.8M8.34M-4.71M-5.71M-12.24M-22.98M-5.16M-10.7M-1.97M2.76M1.49M1.77M1.39M1.63M-180.32K-1.1M-1.9M100K
Debt / Equity0.40x0.34x0.42x0.63x1.16x11.40x0.70x0.20x-----33.96x-0.00x0.00x0.00x0.04x0.02x0.08x0.79x0.49x0.59x0.46x0.66x0.01x--0.12x
Debt / EBITDA-0.01x-4.85x------------------3.58x1.60x2.92x------
Net Debt / EBITDA-0.00x--0.76x------------------3.23x1.44x2.76x------
Interest Coverage-1313.51x-4.17x0.62x-2.67x-8.65x-12.84x-15.44x------4.13x-25.77x-56803.96x-11627.28x-275.61x-275.75x--32.64x-0.69x2.07x1.03x-7.46x-16.00x---18.00x-
Total Equity35.86M36.98M32.59M21.29M14.11M2.54M34.17M20.32M27.28M32.91M52.96M62.32M68.7M595.54K-9.96M18.24M30.54M29.32M11.82M17.96M8.37M3.84M3.42M3.17M3.05M2.6M2.86M3.6M4.6M1.7M
Equity Growth %83.71%13.49%53.05%50.94%456.45%-92.58%68.16%-25.5%-17.12%-37.85%-15.02%-9.29%11436.24%105.98%-154.6%-40.25%4.14%148.06%-34.19%114.48%117.8%12.34%7.89%4.16%17.29%-9.25%-20.52%-21.74%170.59%-
Book Value per Share0.911.031.050.911.430.304.973.675.687.1211.4713.7918.250.20-5.3711.3220.0321.699.4017.008.264.823.563.674.344.966.487.9210.443.79
Total Shareholders' Equity35.86M36.98M32.59M21.29M14.11M2.54M34.17M20.32M27.28M32.91M52.96M62.32M68.7M595.54K-9.96M18.24M30.54M29.32M11.82M17.96M8.37M3.84M3.42M3.17M3.05M2.6M2.86M3.6M4.6M1.7M
Common Stock4K4K3K3K1K1K9K7K5.7K273.21M268.2M257.77M249.02M154.46M92.87M67.41M0000012.63M11.87M12.15M12.03M10.6M9.29M9.1M8.9M0
Retained Earnings-404.6M-402.99M-397.68M-397.2M-388.76M-370.08M-337.41M-306.52M-272.39M-240.26M-214.34M-194.54M-180.12M-158.79M-110.01M-55.99M-34.54M-31.86M-26.36M-18.49M-14.77M-10.2M-8.77M-8.98M-8.99M-8M-6.43M-5.4M-4.3M-1.9M
Treasury Stock000000000000000000000000000000
Accumulated OCI133K131K54K-1K163K52K57K52K63.15K-35.38K-902.55K-915.5K-197.67K32.42K0-281.11K-213.62K03.38M3.04M01.41M320.15K0000000
Minority Interest000000000000000000000000000000

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and capital erosion

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Balance Sheet Contraction Amidst Losses

As reported in recent financial filings, RMTI's total assets have fluctuated within a narrow range, yet the persistent accumulation of a $404.6 million deficit in retained earnings as of 2026Q1 signals a long-term erosion of shareholder value that outweighs any minor improvements in asset composition.

The company's inability to generate positive retained earnings suggests that the business model has struggled to achieve the scale necessary for self-sustainability. Investors should monitor whether the recent stabilization in total assets reflects a strategic downsizing or merely a lack of investment capacity.

Leverage Management Under Financial Stress

Based on the company's reported figures, the debt-to-equity ratio has fluctuated between 0.34 and 0.69 over the last ten quarters, indicating that while management has avoided excessive borrowing, the reliance on debt remains a necessity to bridge the gap created by ongoing operational cash burn.

The debt load appears to be a defensive measure rather than a strategic tool for growth, given the lack of corresponding asset expansion. The company's reliance on external financing in a high-rate environment warrants further investigation into the cost and terms of these obligations.

Tightening Liquidity and Cash Runway

According to recent balance sheet data, RMTI's cash position has declined from $15.7 million in 2024Q4 to $9.6 million in 2026Q1, which, when viewed alongside the current rate of cash burn, suggests a narrowing buffer against potential operational shocks or further revenue volatility.

While the current ratio of 3.74 appears healthy on the surface, it may be distorted by the composition of current assets and the timing of payables. The rapid depletion of cash reserves indicates that the company may soon face a critical decision regarding further dilutive equity raises.

Equity Quality and Dilution Risks

As indicated by the financial statements, the equity base has remained under pressure, with retained earnings consistently deep in negative territory, reflecting the cumulative impact of years of operating losses that have effectively hollowed out the company's book value over time.

The persistent negative retained earnings suggest that the company has not yet found a path to profitability, making the equity base highly sensitive to further losses. Investors should be wary of the potential for continued dilution if management is forced to issue shares to maintain operations.

Hidden Risks in Asset Valuation

Based on the reported figures, the complete disappearance of net PPE from the balance sheet by 2025Q4, down from $11.8 million in 2024Q1, suggests a significant shift in the company's operational footprint that may be masking underlying structural changes or asset impairments.

This rapid reduction in tangible assets warrants further investigation, as it could imply a move toward a more asset-light model or, conversely, a distress-driven liquidation of production capacity. Such a drastic change in the asset base makes historical comparisons of operational efficiency potentially misleading.

RMTI — Frequently Asked Questions

Quick answers to the most common questions about buying RMTI stock.

What are the total assets of Rockwell Medical, Inc. (RMTI)?

As of 2025, Rockwell Medical, Inc. (RMTI) had total assets of $57.1M including $38.2M in current assets.

How much debt does Rockwell Medical, Inc. (RMTI) have?

Rockwell Medical, Inc. (RMTI) carries total debt of $12.5M, offset by $21.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Rockwell Medical, Inc.?

Rockwell Medical, Inc. (RMTI) has total shareholders' equity (book value) of $37.0M ($1.03 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Rockwell Medical, Inc.'s current ratio and liquidity?

Rockwell Medical, Inc. (RMTI) reported a current ratio of 3.98x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.