The company's financial position appears increasingly vulnerable, characterized by a debt-to-equity ratio of 1.26 and a total equity base that has eroded to $34.3M as of 2026Q1.
| 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 |
|---|
| Total Current Assets | 92.28M | 117.53M | 91.44M | 130.03M | 161.2M | 144.41M | 30.25M | 127.76M | 158.11M | 44.91M | 21.43M | 4.96M | 19.63M | 10K |
| Cash & Short-Term Investments | 64.64M | 94.03M | 74.6M | 109.46M | 144.01M | 129.91M | 18M | 95.94M | 136.79M | 36.45M | 20.34M | 3.94M | 18.92M | 10K |
| Cash Only | 29.93M | 40.55M | 74.6M | 75.71M | 35.79M | 33.46M | 18M | 95.94M | 136.79M | 16.15M | 13.05M | 3.94M | 18.92M | 10K |
| Short-Term Investments | 34.71M | 53.8M | 0 | 33.75M | 108.22M | 96.44M | 0 | 0 | 0 | 20.3M | 7.29M | 0 | 0 | 0 |
| Accounts Receivable | 15.05M | 12.43M | 8.08M | 6.6M | 2.79M | 2.42M | 2.99M | 10.49M | 7.1M | 3.39M | 251K | 0 | 0 | 0 |
| Days Sales Outstanding | 98.81 | 128.68 | 131.22 | 107.54 | 62.07 | 64.49 | 220.22 | 179.68 | 136.96 | 193.93 | 275.95 | - | - | - |
| Inventory | 8.31M | 6.7M | 4.42M | 8.78M | 7.31M | 6.32M | 5.28M | 16.93M | 10.23M | 2.99M | 477K | 0 | 0 | 0 |
| Days Inventory Outstanding | 121.81 | 125.5 | 73.55 | 165.98 | 195.18 | 159.14 | 86.38 | 151.64 | 138.01 | 111.88 | 263.8 | - | - | - |
| Other Current Assets | 448K | 4.37M | 333K | 1K | 12K | 56K | 200K | 179K | 142K | 48K | 365K | 1.02M | 0 | 0 |
| Total Non-Current Assets | 10.58M | 8.74M | 9M | 8.19M | 16.47M | 54.52M | 5.67M | 5.04M | 1.87M | 1.03M | 840K | 528K | 361K | 446K |
| Property, Plant & Equipment | 9.4M | 4.2M | 3.59M | 1.18M | 1.11M | 1.31M | 1.56M | 2M | 1.75M | 853K | 735K | 311K | 182K | 387K |
| Fixed Asset Turnover | 6.34x | 8.39x | 6.26x | 18.91x | 14.74x | 10.45x | 3.18x | 10.65x | 10.81x | 7.47x | 0.45x | 0.12x | - | 0.04x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 800K | 800K | 481.92K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 12.25M | 51.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 376K | 3.74M | 4.93M | 7.01M | 3.11M | 1.32M | 4.12M | 3.04M | 117K | 176K | 105K | 217K | 134K | 59K |
| Total Assets | 102.86M | 126.27M | 100.44M | 138.22M | 177.67M | 198.93M | 35.92M | 132.8M | 159.97M | 45.94M | 22.27M | 5.49M | 20M | 10K |
| Asset Turnover | 0.31x | 0.28x | 0.22x | 0.16x | 0.09x | 0.07x | 0.14x | 0.16x | 0.12x | 0.14x | 0.01x | 0.01x | - | 1.70x |
| Asset Growth % | 123.61% | 25.72% | -27.33% | -22.21% | -10.68% | 453.84% | -72.95% | -16.99% | 248.19% | 106.3% | 305.52% | -72.53% | 199850% | - |
| Total Current Liabilities | 26.32M | 24.35M | 38.85M | 17.26M | 31.47M | 18.39M | 16.64M | 126.71M | 28.89M | 23.14M | 11.63M | 7.33M | 2.04M | 2.92K |
| Accounts Payable | 3.19M | 4.06M | 3.21M | 4.57M | 419K | 1.2M | 1.76M | 4.29M | 4.41M | 7.71M | 3.07M | 1.25M | 0 | 0 |
| Days Payables Outstanding | 72.24 | 76 | 53.32 | 86.39 | 11.19 | 30.34 | 28.82 | 38.38 | 59.45 | 288.47 | 1.7K | - | - | - |
| Short-Term Debt | 944K | 0 | 20.14M | 0 | 15.58M | 2.93M | 3.2M | 103.79M | 10M | 10M | 3.89M | 2.39M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 628K | 5.23M | 4.26M | 3.51M | 0 | 0 |
| Other Current Liabilities | 17.31M | 19.79M | 5.79M | 5.34M | 5.51M | -904K | 5.14M | 7.86M | 10.17M | 3.22M | 2.86M | 3.09M | -1.67M | -1.46M |
| Current Ratio | 3.51x | 4.83x | 2.35x | 7.53x | 5.12x | 7.85x | 1.82x | 1.01x | 5.47x | 1.94x | 1.84x | 0.68x | 9.62x | 3.43x |
| Quick Ratio | 3.19x | 4.55x | 2.24x | 7.03x | 4.89x | 7.51x | 1.50x | 0.87x | 5.12x | 1.81x | 1.80x | 0.68x | 9.62x | 3.43x |
| Cash Conversion Cycle | 148.38 | 178.19 | 151.45 | 187.13 | 246.05 | 193.29 | 277.78 | 292.94 | 215.52 | 17.34 | -1.16K | - | - | - |
| Total Non-Current Liabilities | 42.2M | 40.88M | 78.14M | 85.17M | 148.78M | 366.07M | 163.36M | 14.74M | 59.83M | 15.54M | 15.52M | 7.85M | 10.04M | 0 |
| Long-Term Debt | 35.91M | 35.59M | 34.7M | 41.2M | 56.38M | 59.8M | 57.22M | 11.8M | 40.97M | 14.41M | 15.18M | 7.43M | 9.81M | 0 |
| Capital Lease Obligations | 22.54M | 5.29M | 5.79M | 6.21M | 2.69M | 579K | 1.48M | 2.28M | 0 | 69K | 73K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 37.66M | 37.76M | 89.71M | 305.69M | 104.66M | 664K | 18.86M | 1.05M | 273K | 355K | 226K | 0 |
| Total Liabilities | 68.52M | 65.22M | 116.99M | 102.42M | 180.25M | 384.46M | 180M | 141.45M | 88.71M | 38.68M | 27.15M | 15.19M | 12.08M | 2.92K |
| Total Debt | 43.14M | 41.37M | 61.05M | 47.78M | 75.38M | 64.21M | 62.7M | 118.56M | 50.97M | 24.48M | 19.22M | 9.89M | 9.81M | 0 |
| Net Debt | 13.21M | 822K | -13.54M | -27.93M | 39.58M | 30.75M | 44.69M | 22.62M | -85.82M | 8.33M | 6.17M | 5.95M | -9.11M | -10K |
| Debt / Equity | 1.26x | 0.68x | - | 1.33x | - | - | - | - | 0.72x | 3.37x | - | - | 1.24x | - |
| Debt / EBITDA | -0.51x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.16x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -17.64x | -12.96x | -8.32x | -4.44x | 8.60x | -17.09x | -9.83x | -6.63x | -10.35x | -18.07x | -26.42x | -26.16x | -97.92x | - |
| Total Equity | 34.34M | 61.05M | -16.55M | 35.8M | -2.58M | -185.53M | -144.08M | -8.65M | 71.26M | 7.27M | -4.88M | -9.7M | 7.91M | 7.08K |
| Equity Growth % | 1168.99% | 468.75% | -146.25% | 1489.6% | 98.61% | -28.77% | -1565.89% | -112.14% | 880.61% | 249.01% | 49.71% | -222.55% | 111649.75% | - |
| Book Value per Share | 0.75 | 1.46 | -0.53 | 1.26 | -0.08 | -8.79 | -12.64 | -0.92 | 9.05 | 1.25 | -1.09 | -2.12 | 1.73 | 0.00 |
| Total Shareholders' Equity | 34.34M | 61.05M | -16.55M | 35.8M | -2.58M | -185.53M | -144.08M | -8.65M | 71.26M | 7.27M | -4.88M | -9.7M | 7.91M | 7.08K |
| Common Stock | 42K | 41K | 595K | 530K | 480K | 447K | 266K | 203K | 177K | 137K | 94K | 76K | 2K | 10K |
| Retained Earnings | -1.05B | -1.02B | -947.87M | -869.26M | -808.87M | -950.99M | -648.51M | -473.34M | -357.79M | -263.82M | -204.72M | -160.79M | -130.91M | -2.92K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -84K | 0 |
| Accumulated OCI | 8K | 69K | 0 | -11K | -678K | -212K | 0 | 0 | -1.31M | -1.04M | -813K | 0 | -683K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Insufficient liquidity for operations
As reported in recent financial filings, SENS has seen its total equity contract from $35.8M in 2023Q4 to $34.3M in 2026Q1, a trend driven by persistent net losses that continue to erode the company's book value and overall financial stability over the observed ten-quarter period.
The consistent accumulation of losses, reflected in the retained earnings deficit of $1.0 billion, suggests that the company's current commercialization phase is heavily reliant on external financing. Investors should monitor whether the recent revenue growth can eventually stabilize the equity base before further dilution becomes necessary.
Based on the latest quarterly data, SENS maintains a debt-to-equity ratio of 1.26 as of 2026Q1, indicating that the company's reliance on debt financing has become a structural necessity to fund ongoing operations rather than a strategic choice for capital optimization in this high-burn environment.
The debt load of $43.1M appears significant relative to the company's limited cash reserves and negative earnings profile. This leverage structure warrants further investigation into the maturity profile of these obligations and the potential for future refinancing risks if operational cash flow does not improve.
According to the 2026Q1 balance sheet, the company holds $29.9M in cash and equivalents, a figure that has declined from $40.5M in 2025Q4, suggesting that the current liquidity buffer is rapidly depleting relative to the high operating burn observed in recent quarterly reporting periods.
While the current ratio of 3.51 appears superficially healthy, it may mask the underlying reality of a business that is consuming cash at an unsustainable rate. The rapid contraction of the cash position suggests that the company may face a liquidity crunch in the near term.
As indicated by the $1.0 billion accumulated deficit in the 2026Q1 financial statements, the headline asset figures are heavily offset by long-term losses, which may mislead investors regarding the true economic value of the company's underlying technology and its ability to generate future shareholder returns.
The persistent negative retained earnings suggest that the company has yet to prove the economic viability of its Eversense CGM system. This structural imbalance implies that the balance sheet is primarily a vehicle for funding R&D and commercialization rather than a reflection of a self-sustaining business model.
Quick answers to the most common questions about buying SENS stock.
As of 2025, Senseonics Holdings, Inc. (SENS) had total assets of $126.3M including $117.5M in current assets.
Senseonics Holdings, Inc. (SENS) carries total debt of $41.4M, offset by $94.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Senseonics Holdings, Inc. (SENS) has total shareholders' equity (book value) of $61.0M ($1.46 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Senseonics Holdings, Inc. (SENS) reported a current ratio of 4.83x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.