The company's solvency profile appears highly vulnerable, evidenced by a negative equity position of $14.3 million and $35.6 million in total debt.
| Total Current Assets | 22.58M | 13.02M | 321.99K | 1.09M | 5.83M |
| Cash & Short-Term Investments | 9.86M | 9.45M | 10.44K | 39.38K | 2.69M |
| Cash Only | 9.86M | 9.45M | 10.44K | 39.38K | 2.69M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.59M | 744.66K | 181.24K | 8.86K | 2.21M |
| Days Sales Outstanding | 16.83 | 1.45K | 456.06 | 28.07 | 206.66 |
| Inventory | 0 | 0 | 0 | 0 | 355.05K |
| Days Inventory Outstanding | - | - | - | - | 74.43 |
| Other Current Assets | 8.78M | 2.59M | 0 | 824.75K | 0 |
| Total Non-Current Assets | 57.52M | 6.77M | 2.21M | 561.44K | 16.55M |
| Property, Plant & Equipment | 2.41M | 17.33K | 79.59K | 111K | 242.94K |
| Fixed Asset Turnover | 20.43x | 10.83x | 1.82x | 1.04x | 16.07x |
| Goodwill | 6.19M | 0 | 0 | 0 | 8.99M |
| Intangible Assets | 47.1M | 6.75M | 2.13M | 450.45K | 7.32M |
| Long-Term Investments | 53.28M | 80 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.81M | 588 | 0 | 0 | 0 |
| Total Assets | 80.1M | 19.79M | 2.54M | 1.65M | 22.37M |
| Asset Turnover | 0.36x | 0.01x | 0.06x | 0.07x | 0.17x |
| Asset Growth % | 1758.12% | 680.13% | 53.83% | -92.63% | - |
| Total Current Liabilities | 93.65M | 57.78M | 56.82M | 7.69M | 18.92M |
| Accounts Payable | 23.04M | 7.3M | 4.57M | 3.73M | 1.24M |
| Days Payables Outstanding | 5.51K | 78.28K | 47.94K | 1.83K | 260.97 |
| Short-Term Debt | 33.37M | 34.73M | 37.45M | 697.07K | 697.07K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 22.74M | 3.98M | 1.31M | 0 | 0 |
| Current Ratio | 0.24x | 0.23x | 0.01x | 0.14x | 0.31x |
| Quick Ratio | 0.24x | 0.23x | 0.01x | 0.14x | 0.29x |
| Cash Conversion Cycle | -5.5K | - | - | - | 20.12 |
| Total Non-Current Liabilities | 745.85K | 0 | 0 | 26.48M | 5.38M |
| Long-Term Debt | 121.14K | 0 | 0 | 25.3M | 2.51M |
| Capital Lease Obligations | 610.15K | 0 | 0 | 0 | 35.42K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 1.53M | 1.77M |
| Other Non-Current Liabilities | 14.56K | 0 | 0 | -349K | 1.06M |
| Total Liabilities | 94.39M | 57.78M | 56.82M | 34.17M | 24.3M |
| Total Debt | 35.55M | 34.73M | 37.45M | 26M | 3.29M |
| Net Debt | 25.7M | 25.28M | 37.44M | 25.96M | 598.29K |
| Debt / Equity | -2.49x | - | - | - | - |
| Debt / EBITDA | -0.28x | - | - | - | - |
| Net Debt / EBITDA | -0.20x | - | - | - | - |
| Interest Coverage | -16.48x | -13.07x | -5.43x | -27.55x | -123.56x |
| Total Equity | -14.29M | -38M | -54.28M | -32.52M | -1.93M |
| Equity Growth % | -317.17% | 30% | -66.93% | -1588.5% | - |
| Book Value per Share | -0.06 | -5.33 | -4.19 | -1.57 | -0.09 |
| Total Shareholders' Equity | -14.29M | -38M | -54.28M | -32.52M | -1.93M |
| Common Stock | 33.39K | 26.82K | 127.31K | 130.54K | 126.3K |
| Retained Earnings | -316.06M | -232.08M | -226.29M | -195.56M | -85.07M |
| Treasury Stock | 0 | 0 | -3.87K | 0 | 0 |
| Accumulated OCI | -383.99K | -10.27K | -329.46K | -81.18K | -503.01K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Insufficient liquidity for operations
As reported in the 2025Q2 financial statements, Rezolve AI's equity position has plummeted to a deficit of $14.3 million, a trend driven by persistent net losses that have eroded the company's net worth and signaled a weakening financial foundation as the business attempts to scale its operations.
The rapid shift from positive equity in 2023 to a significant deficit by mid-2025 suggests that the company is consuming its capital base at an unsustainable rate. Investors should monitor whether this trajectory forces a restructuring or further dilutive capital raises to address the widening gap between assets and liabilities.
Based on the 2025Q2 balance sheet, the company carries $35.6 million in total debt, which, when contrasted with the negative equity position, indicates a highly leveraged structure that leaves little room for operational error or further financial distress in the current high-interest rate environment.
The presence of significant debt on a balance sheet with negative equity and minimal cash reserves suggests that the company's financing is necessity-driven rather than strategic. This leverage profile may severely limit the firm's flexibility and increase the risk of default if revenue growth does not accelerate immediately.
According to the 2025Q2 data, the current ratio stands at a precarious 0.24, reflecting a severe mismatch between short-term obligations and available cash, which highlights the company's extreme vulnerability to liquidity shocks and its ongoing reliance on external funding to maintain basic operational continuity.
A current ratio well below 1.0 indicates that the company cannot cover its immediate liabilities with current assets, suggesting that the firm is effectively operating on a day-to-day basis. This liquidity position warrants extreme caution, as the company lacks a sufficient buffer to absorb even minor operational setbacks.
As indicated by the 2025Q2 filings, the asset base is heavily weighted toward $6.2 million in goodwill, which may be subject to future impairment charges if the company fails to achieve the commercial milestones necessary to justify its current valuation and intangible asset carrying values.
The reliance on goodwill as a significant portion of total assets suggests that the balance sheet quality is lower than the headline asset figure implies. Investors should be wary of potential write-downs, which would further exacerbate the existing equity deficit and place additional pressure on the company's already strained financial position.
Quick answers to the most common questions about buying RZLVW stock.
As of 2024, Rezolve AI Limited Warrants (RZLVW) had total assets of $19.8M including $13.0M in current assets.
Rezolve AI Limited Warrants (RZLVW) carries total debt of $34.7M, offset by $9.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rezolve AI Limited Warrants (RZLVW) has total shareholders' equity (book value) of $-38.0M ($-5.33 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rezolve AI Limited Warrants (RZLVW) reported a current ratio of 0.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.