The company's financial position is increasingly precarious, with total assets contracting to $1.4 million and retained earnings plummeting to -$27.9 million as of 2025Q2.
| Total Current Assets | 729.92K | 279.99K | 3.49M | 301.33K | 4.86M |
| Cash & Short-Term Investments | 656.71K | 181.27K | 3.23M | 254.41K | 4.69M |
| Cash Only | 656.71K | 181.27K | 1.12M | 254.41K | 4.69M |
| Short-Term Investments | 0 | 0 | 2.11M | 0 | 0 |
| Accounts Receivable | 23.22K | 75.17K | 58.77K | 15.67K | 4.84K |
| Days Sales Outstanding | 35.15 | 44.57 | 69.75 | 73.01 | 5.18 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 68.5K | 17.41K | 0 |
| Total Non-Current Assets | 694.96K | 834.69K | 1.22M | 152.83K | 60.97K |
| Property, Plant & Equipment | 100.48K | 142.87K | 213.52K | 10.3K | 12.07K |
| Fixed Asset Turnover | 2.93x | 4.31x | 1.44x | 7.60x | 28.25x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 560.24K | 667.82K | 916.43K | 34.53K | 0 |
| Long-Term Investments | 22 | 11 | 11 | 0 | 0 |
| Other Non-Current Assets | 34.23K | 23.99K | 24K | 8K | 48.9K |
| Total Assets | 1.42M | 1.11M | 4.7M | 454.16K | 4.92M |
| Asset Turnover | 0.31x | 0.55x | 0.07x | 0.17x | 0.07x |
| Asset Growth % | -240.66% | -76.31% | 935.89% | -90.76% | - |
| Total Current Liabilities | 1.06M | 3.27M | 2.82M | 2.64M | 532.55K |
| Accounts Payable | 679.51K | 2.25M | 804.53K | 614.16K | 182.95K |
| Days Payables Outstanding | 4.16K | 4.09K | 7.27K | 286.27 | 132.4 |
| Short-Term Debt | 92.4K | 431.03K | 1.54M | 1.44M | 0 |
| Deferred Revenue (Current) | 11.72K | 2.42K | 4.28K | 44.07K | 66.55K |
| Other Current Liabilities | 101.47K | 35.19K | 0 | 19.79K | 41.85K |
| Current Ratio | 0.69x | 0.09x | 1.24x | 0.11x | 9.12x |
| Quick Ratio | 0.69x | 0.09x | 1.24x | 0.11x | 9.12x |
| Cash Conversion Cycle | -4.12K | - | - | - | - |
| Total Non-Current Liabilities | 8.04K | 54.88K | 144.32K | 5.92M | 7.94M |
| Long-Term Debt | 0 | 0 | 0 | 5.92M | 7.94M |
| Capital Lease Obligations | 172.47K | 54.88K | 144.32K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.06M | 3.32M | 2.96M | 8.56M | 8.48M |
| Total Debt | 100.45K | 575.35K | 1.77M | 7.37M | 7.99M |
| Net Debt | -556.26K | 394.08K | 648.19K | 7.11M | 3.3M |
| Debt / Equity | 0.28x | - | 1.02x | - | - |
| Debt / EBITDA | -0.02x | - | - | - | - |
| Net Debt / EBITDA | 0.09x | - | - | - | - |
| Interest Coverage | -8.77x | -9.52x | -5.54x | -10.70x | -109.20x |
| Total Equity | 361.12K | -2.21M | 1.74M | -8.1M | -3.56M |
| Equity Growth % | -322.63% | -226.47% | 121.53% | -127.54% | - |
| Book Value per Share | 0.10 | -5.17 | 6.58 | -30.58 | -13.44 |
| Total Shareholders' Equity | 361.12K | -2.21M | 1.74M | -8.1M | -3.56M |
| Common Stock | 391 | 92 | 1.33K | 809 | 750 |
| Retained Earnings | -27.89M | -25.68M | -16.96M | -11.48M | -4.81M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and insolvency
As reported in financial statements, SGN's total assets have declined from $4.7 million in 2023Q4 to $1.4 million by 2025Q2, reflecting a persistent contraction in the company's resource base that underscores the ongoing difficulty in sustaining operations without significant, recurring external capital injections to support the business.
The consistent decline in total assets suggests that the company is consuming its capital base to fund operating losses rather than investing in productive capacity. This trajectory indicates that the firm's current business model is not yet self-sustaining, leaving the balance sheet in a state of chronic depletion.
Based on recent SEC filings, SGN's current ratio of 0.69 in 2025Q2 highlights a severe liquidity mismatch, as the company's cash reserves of $656.7 thousand remain insufficient to cover its short-term obligations, signaling an acute risk to the firm's ability to meet its immediate financial commitments.
The persistent sub-1.0 current ratio suggests that the company lacks the necessary working capital buffer to navigate operational volatility. Investors should monitor this closely, as the inability to maintain adequate liquidity may force management into dilutive financing rounds or emergency cost-cutting measures that could impair long-term growth.
According to reported figures, SGN's retained earnings have plummeted to -$27.9 million as of 2025Q2, illustrating a profound erosion of equity that reflects years of heavy operational losses and the significant challenges associated with scaling the platform's user base while maintaining a high fixed-cost corporate structure.
The deep negative retained earnings position indicates that the company has consistently failed to generate positive returns on invested capital. This structural deficit suggests that future equity value is highly contingent upon a radical shift in unit economics, which currently appears elusive given the existing cost profile.
As disclosed in quarterly balance sheets, goodwill accounts for $560.2 thousand of the company's $1.4 million in total assets, which warrants further investigation into potential impairment risks given the firm's ongoing inability to achieve profitability or demonstrate a clear, sustainable competitive advantage in the recruitment marketplace.
The high proportion of goodwill relative to total assets suggests that the balance sheet is sensitive to valuation adjustments if the underlying business performance does not improve. If the company fails to meet its growth targets, these intangible assets may be subject to write-downs, further weakening the equity base.
Quick answers to the most common questions about buying SGN stock.
As of 2024, Signing Day Sports, Inc. (SGN) had total assets of $1.1M including $0.3M in current assets.
Signing Day Sports, Inc. (SGN) carries total debt of $0.6M, 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.
Signing Day Sports, Inc. (SGN) has total shareholders' equity (book value) of $-2.2M ($-5.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Signing Day Sports, Inc. (SGN) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.