The balance sheet reflects a vulnerable liquidity profile with a current ratio of 0.67 and a significant goodwill concentration of $168.4M, which may pose risks of future impairment charges.
| Total Current Assets | 174.95M | 13.02M | 321.99K | 1.09M | 5.83M |
| Cash & Short-Term Investments | 111.11M | 9.45M | 10.44K | 39.38K | 2.69M |
| Cash Only | 111.11M | 9.45M | 10.44K | 39.38K | 2.69M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 44.83M | 744.66K | 181.24K | 8.86K | 2.21M |
| Days Sales Outstanding | 349.61 | 1.45K | 456.06 | 28.07 | 206.66 |
| Inventory | 0 | 0 | 0 | 0 | 355.05K |
| Days Inventory Outstanding | - | - | - | - | 74.43 |
| Other Current Assets | 12.06M | 2.59M | 0 | 824.75K | 0 |
| Total Non-Current Assets | 436.78M | 6.77M | 2.21M | 561.44K | 16.55M |
| Property, Plant & Equipment | 3.5M | 17.33K | 79.59K | 111K | 242.94K |
| Fixed Asset Turnover | 13.38x | 10.83x | 1.82x | 1.04x | 16.07x |
| Goodwill | 168.4M | 0 | 0 | 0 | 8.99M |
| Intangible Assets | 239.3M | 6.75M | 2.13M | 450.45K | 7.32M |
| Long-Term Investments | 5.52M | 80 | 0 | 0 | 0 |
| Other Non-Current Assets | 20.07M | 588 | 0 | 0 | 0 |
| Total Assets | 611.73M | 19.79M | 2.54M | 1.65M | 22.37M |
| Asset Turnover | 0.08x | 0.01x | 0.06x | 0.07x | 0.17x |
| Asset Growth % | 2991.44% | 680.13% | 53.83% | -92.63% | - |
| Total Current Liabilities | 262.07M | 57.78M | 56.82M | 7.69M | 18.92M |
| Accounts Payable | 35.71M | 7.3M | 4.57M | 3.73M | 1.24M |
| Days Payables Outstanding | 818.71 | 78.28K | 47.94K | 1.83K | 260.97 |
| Short-Term Debt | 104.38M | 34.73M | 37.45M | 697.07K | 697.07K |
| Deferred Revenue (Current) | 46.5M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 41.71M | 3.98M | 1.31M | 0 | 0 |
| Current Ratio | 0.67x | 0.23x | 0.01x | 0.14x | 0.31x |
| Quick Ratio | 0.67x | 0.23x | 0.01x | 0.14x | 0.29x |
| Cash Conversion Cycle | - | - | - | - | 20.12 |
| Total Non-Current Liabilities | 102.85M | 0 | 0 | 26.48M | 5.38M |
| Long-Term Debt | 50.09M | 0 | 0 | 25.3M | 2.51M |
| Capital Lease Obligations | 827.04K | 0 | 0 | 0 | 35.42K |
| Deferred Tax Liabilities | 28.25M | 0 | 0 | 1.53M | 1.77M |
| Other Non-Current Liabilities | 23.68M | 0 | 0 | -349K | 1.06M |
| Total Liabilities | 364.92M | 57.78M | 56.82M | 34.17M | 24.3M |
| Total Debt | 157.28M | 34.73M | 37.45M | 26M | 3.29M |
| Net Debt | 46.17M | 25.28M | 37.44M | 25.96M | 598.29K |
| Debt / Equity | 0.64x | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - |
| Interest Coverage | -32.97x | -15.35x | -5.43x | -27.49x | -123.56x |
| Total Equity | 246.82M | -38M | -54.28M | -32.52M | -1.93M |
| Equity Growth % | 749.57% | 30% | -66.93% | -1588.5% | - |
| Book Value per Share | 0.92 | -5.33 | -4.19 | -1.57 | -0.09 |
| Total Shareholders' Equity | 246.82M | -38M | -54.28M | -32.52M | -1.93M |
| Common Stock | 43.82K | 26.82K | 127.31K | 130.54K | 126.3K |
| Retained Earnings | -359.62M | -232.08M | -226.29M | -195.56M | -85.07M |
| Treasury Stock | 0 | 0 | -3.87K | 0 | 0 |
| Accumulated OCI | 809.05K | -10.27K | -329.46K | -81.18K | -503.01K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Unsustainable Operating Burn Rate
As reported in recent financial statements, RZLV's total assets surged to $611.7M in 2025Q4 from $80.1M in 2025Q2, a rapid expansion primarily driven by external financing activities rather than organic asset accumulation, which warrants caution regarding the company's long-term ability to sustain its current growth trajectory.
The dramatic increase in the asset base appears to be a direct result of capital raising efforts rather than operational success. Investors should monitor whether this asset growth can be converted into productive revenue-generating capacity before the current cash runway is exhausted.
Based on the company's 2025Q4 filings, RZLV maintains a cash position of $111.1M, yet the current ratio of 0.67 suggests that short-term obligations may outpace liquid assets, indicating a potential vulnerability if the company's aggressive cash burn rate continues to accelerate without a corresponding increase in operational efficiency.
The low current ratio implies that the company is heavily reliant on its cash reserves to meet immediate liabilities. This liquidity profile suggests that the firm may face significant pressure to secure additional funding if it cannot achieve self-sustaining cash flows in the near term.
According to the latest balance sheet data, RZLV's equity position of $246.8M in 2025Q4 follows a period of significant negative retained earnings totaling -$359.6M, which highlights the substantial erosion of shareholder value caused by persistent operating losses and the reliance on external capital to maintain the business.
The negative retained earnings trend underscores the difficulty the company faces in reaching profitability. The current equity structure appears to be heavily supported by recent capital injections, which may mask the underlying challenges in the core business model's ability to generate value for shareholders.
As indicated in the 2025Q4 financial statements, goodwill has risen to $168.4M, representing a significant portion of total assets, which suggests that past acquisitions may be driving the balance sheet composition and introduces a risk of future impairment charges if expected synergies fail to materialize as anticipated.
The reliance on goodwill as a major asset component warrants further investigation into the valuation of acquired entities. If the company's growth does not meet expectations, these intangible assets may be subject to write-downs, further pressuring the already strained equity position.
Quick answers to the most common questions about buying RZLV stock.
As of 2025, Rezolve AI PLC (RZLV) had total assets of $611.7M including $175.0M in current assets.
Rezolve AI PLC (RZLV) carries total debt of $157.3M, offset by $111.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rezolve AI PLC (RZLV) has total shareholders' equity (book value) of $246.8M ($0.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rezolve AI PLC (RZLV) reported a current ratio of 0.67x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.