Total assets have experienced a severe decline from $56.0 million in 2023Q4 to just $4.8 million in 2026Q1, reflecting a rapid depletion of the company's resource base.
| Total Current Assets | 3.3M | 28.91M | 32.16M | 43.79M | 43.63M | 35.69M | 45.57M | 47.34M | 63.87M | 27.37M |
| Cash & Short-Term Investments | 1.2M | 1.3M | 5.34M | 9.4M | 13.21M | 11.23M | 22.14M | 11.3M | 13.05M | 1.58M |
| Cash Only | 1.2M | 1.3M | 5.34M | 9.4M | 13.21M | 11.23M | 22.14M | 11.3M | 13.05M | 1.58M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 11.64M | 26.27M | 24.75M | 14.75M | 5.11M | 11.46M | 21.44M | 12.16M |
| Days Sales Outstanding | -127.46 | - | 72.87 | 102.39 | 129.36 | 98.66 | 29.17 | 35.98 | 57.68 | 75.21 |
| Inventory | 0 | 0 | 10.62M | 6.52M | 3.91M | 5.54M | 11.34M | 19.53M | 21.83M | 8.98M |
| Days Inventory Outstanding | -468.6 | - | 80.13 | 32.01 | 24.52 | 42.02 | 84.88 | 87.21 | 90.99 | 84.69 |
| Other Current Assets | 2.11M | 27.61M | 4.56M | 935K | 770K | 2.53M | 2.81M | 2.73M | 5.82M | 3.98M |
| Total Non-Current Assets | 1.53M | 14.99M | 7.57M | 12.26M | 10.05M | 5.4M | 4.74M | 8.12M | 3.48M | 2.88M |
| Property, Plant & Equipment | 0 | 0 | 227K | 126K | 234K | 534K | 843K | 1.44M | 1.07M | 724K |
| Fixed Asset Turnover | -222.21x | - | 256.82x | 743.11x | 298.41x | 102.19x | 75.91x | 80.62x | 126.67x | 81.53x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.24M | 1.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.53M | 12.31M | 7.35M | 12.13M | 9.82M | 4.87M | 3.9M | 6.68M | 2.41M | 2.16M |
| Total Assets | 4.84M | 43.9M | 39.74M | 56.04M | 53.69M | 41.09M | 50.31M | 55.46M | 67.34M | 30.25M |
| Asset Turnover | -0.53x | - | 1.47x | 1.67x | 1.30x | 1.33x | 1.27x | 2.10x | 2.01x | 1.95x |
| Asset Growth % | -115.59% | 10.47% | -29.09% | 4.39% | 30.65% | -18.33% | -9.28% | -17.65% | 122.65% | - |
| Total Current Liabilities | 4.32M | 48.03M | 43.74M | 32.15M | 32.06M | 20.98M | 20.47M | 27.61M | 48.2M | 28.03M |
| Accounts Payable | 719K | 4.03M | 22.85M | 19.85M | 22.09M | 9.47M | 8.86M | 7.23M | 27.3M | 11.25M |
| Days Payables Outstanding | -1.03K | 342.08 | 172.38 | 97.49 | 138.51 | 71.8 | 66.26 | 32.3 | 113.76 | 106.04 |
| Short-Term Debt | 1.07M | 5.24M | 0 | 0 | 147K | 148K | 177K | 9.82M | 301K | 3.13M |
| Deferred Revenue (Current) | 2.15M | 0 | 0 | 12K | 31K | 11K | 5K | 291K | 4.22M | 4.68M |
| Other Current Liabilities | 954K | 38.76M | 13.67M | 10.03M | 5.5M | 9.46M | 9.16M | 8.39M | 13.3M | 7.49M |
| Current Ratio | 0.76x | 0.60x | 0.74x | 1.36x | 1.36x | 1.70x | 2.23x | 1.71x | 1.33x | 0.98x |
| Quick Ratio | 0.76x | 0.60x | 0.49x | 1.16x | 1.24x | 1.44x | 1.67x | 1.01x | 0.87x | 0.66x |
| Cash Conversion Cycle | 430.7 | - | -19.38 | 36.91 | 15.37 | 68.88 | 47.79 | 90.88 | 34.91 | 53.85 |
| Total Non-Current Liabilities | 600K | 2.6M | 1.7M | 1.53M | 1.58M | 1.48M | 1.43M | 2.32M | 14.02M | 11.73M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 66K | 185K | 362K | 13.21M | 7.55M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 600K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 2.6M | 1.7M | 1.53M | 1.58M | 1.41M | 1.24M | 1.96M | 807K | 4.18M |
| Total Liabilities | 4.92M | 50.63M | 45.44M | 33.67M | 33.64M | 22.46M | 21.9M | 29.93M | 62.22M | 39.76M |
| Total Debt | 1.07M | 5.24M | 0 | 55K | 213K | 214K | 362K | 10.18M | 13.51M | 10.69M |
| Net Debt | -123K | 3.93M | -5.34M | -9.34M | -13M | -11.02M | -21.78M | -1.11M | 461K | 9.1M |
| Debt / Equity | -12.92x | - | - | 0.00x | 0.01x | 0.01x | 0.01x | 0.40x | 2.63x | - |
| Debt / EBITDA | -0.17x | - | - | 0.02x | - | - | - | - | 1.86x | - |
| Net Debt / EBITDA | 0.02x | - | - | -3.44x | - | - | - | - | 0.06x | - |
| Interest Coverage | -7.06x | -4.35x | -1151.48x | 19.93x | -142.33x | - | -39.12x | -15.06x | 2.11x | -9.23x |
| Total Equity | -83K | -6.73M | -5.7M | 22.37M | 20.05M | 18.63M | 28.41M | 25.52M | 5.13M | -9.51M |
| Equity Growth % | -137.91% | -18.02% | -125.48% | 11.59% | 7.6% | -34.42% | 11.3% | 397.66% | 153.91% | - |
| Book Value per Share | -0.01 | -0.52 | -1.21 | 5.22 | 6.94 | 19.68 | 61.48 | 137.20 | 148.78 | -926.75 |
| Total Shareholders' Equity | -83K | -6.73M | -5.7M | 22.37M | 20.05M | 18.63M | 28.41M | 25.52M | 5.13M | -9.51M |
| Common Stock | 5.74M | 1.23M | 5K | 43K | 41K | 19K | 66K | 20K | 15K | 1K |
| Retained Earnings | -297.6M | -304.26M | -283.61M | -249.96M | -249.87M | -234.81M | -196.18M | -166.25M | -143.53M | -144.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency
As reported in recent financial filings, Sonim's total assets have plummeted from $56.0 million in 2023Q4 to $4.8 million by 2026Q1, signaling a severe contraction in the company's resource base and raising significant concerns regarding the long-term viability of its current operational model.
The consistent decline in total assets alongside a persistent negative equity position suggests that the company is consuming its remaining capital to fund ongoing operations. This trajectory indicates that the business is struggling to maintain its scale, potentially leading to further asset liquidation or restructuring.
Based on the latest quarterly data, Sonim's cash reserves have dwindled to $1.3 million, a figure that appears insufficient to support sustained operations given the company's history of negative cash flow and the current ratio of 0.76, which indicates a significant liquidity shortfall.
The current ratio falling below 1.0 suggests that the company may struggle to meet its short-term obligations without external financing or asset sales. Investors should monitor the cash burn rate closely, as the current liquidity buffer provides minimal protection against operational shocks or unexpected liabilities.
According to historical balance sheet data, Sonim's equity has shifted from a positive $22.4 million in 2023Q4 to a negative $83,000 by 2026Q1, reflecting the cumulative impact of years of operating losses and the resulting depletion of retained earnings.
The transition into negative equity territory is a stark indicator of value destruction and suggests that the company's liabilities now exceed its total assets. This condition often precedes significant corporate restructuring or the need for dilutive equity financing to restore a positive net worth.
As evidenced by recent financial statements, Sonim's debt levels have fluctuated, with $1.1 million in debt reported in 2026Q1, which, while modest in absolute terms, represents a significant burden for a company with minimal cash and a history of negative earnings.
The presence of debt in the context of negative equity and contracting assets suggests that the company's ability to service its obligations is highly precarious. The reliance on debt financing, even at low levels, may limit management's strategic flexibility and increase the risk of default.
Quick answers to the most common questions about buying SONM stock.
As of 2025, DNA X, Inc. (SONM) had total assets of $43.9M including $28.9M in current assets.
DNA X, Inc. (SONM) carries total debt of $5.2M, offset by $1.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DNA X, Inc. (SONM) has total shareholders' equity (book value) of $-6.7M ($-0.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DNA X, Inc. (SONM) reported a current ratio of 0.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.