The company's financial position is increasingly precarious, characterized by a debt-to-equity ratio of 0.83 and a massive accumulated deficit of $32.1 million as of 2026Q1.
| Total Current Assets | 9.91M | 12.69M | 82.23K | 99.12K | 662.28K | 442.95K | 4.53K | 0 |
| Cash & Short-Term Investments | 138.13K | 222.57K | 29.23K | 33.89K | 560.38K | 384.64K | 4.53K | 0 |
| Cash Only | 138.13K | 222.57K | 29.23K | 33.89K | 560.38K | 384.64K | 4.53K | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 8.18M | 8.87M | 34.67K | 34.67K | 100K | 9.61K | 0 | 0 |
| Days Sales Outstanding | - | - | 120.51K | 34.53 | 145.82 | 66.21 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 15K | 25.5K | 18.33K | 30.56K | 1.9K | 48.7K | 0 | 0 |
| Total Non-Current Assets | 2.42M | 2.1M | 1.22M | 619.47K | 8.64K | 5.41K | 0 | 0 |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 10.6M | 1.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1M | 1M | 1.22M | 619.47K | 8.64K | 5.41K | 0 | 0 |
| Total Assets | 12.33M | 14.79M | 1.3M | 718.59K | 670.92K | 448.36K | 4.53K | 0 |
| Asset Turnover | 0.00x | - | 0.00x | 0.51x | 0.37x | 0.12x | 0.11x | - |
| Asset Growth % | 3837.05% | 1036.23% | 81.12% | 7.11% | 49.64% | 9808.49% | - | - |
| Total Current Liabilities | 6.35M | 7.37M | 9.76M | 6.8M | 2.63M | 276.83K | 26.89K | 0 |
| Accounts Payable | 1.72M | 1.32M | 1.93M | 953.2K | 195.38K | 114.44K | 0 | 0 |
| Days Payables Outstanding | - | - | 1000K | 9.99K | 683.94 | 1.42K | - | - |
| Short-Term Debt | 1.75M | 3.77M | 6.04M | 4.53M | 1.8M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 98.21K | 98.24K | 95.24K | 238 | 238 | 4.13K | 0 | 0 |
| Current Ratio | 1.56x | 1.72x | 0.01x | 0.01x | 0.25x | 1.60x | 0.17x | - |
| Quick Ratio | 1.56x | 1.72x | 0.01x | 0.01x | 0.25x | 1.60x | 0.17x | - |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.87M | 3.99M | 0 | 0 | 0 | 0 | 71.19K | 179 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.87M | 3.99M | 0 | 0 | 0 | 0 | 71.19K | 179 |
| Total Liabilities | 10.22M | 11.35M | 9.76M | 6.8M | 2.63M | 276.83K | 98.07K | 179 |
| Total Debt | 1.75M | 3.77M | 6.04M | 4.53M | 1.8M | 0 | 0 | 0 |
| Net Debt | 1.61M | 3.55M | 6.01M | 4.49M | 1.24M | -384.64K | -4.53K | 0 |
| Debt / Equity | 0.83x | 1.10x | - | - | - | - | - | - |
| Debt / EBITDA | -0.12x | - | 0.00x | - | - | - | - | - |
| Net Debt / EBITDA | -0.11x | - | 0.00x | - | - | - | - | - |
| Interest Coverage | -12.88x | -9.89x | -0.51x | -0.69x | -7.90x | - | - | - |
| Total Equity | 2.11M | 3.43M | -8.46M | -6.08M | -1.96M | 171.52K | -93.55K | -179 |
| Equity Growth % | 657.18% | 140.62% | -39.11% | -210.01% | -1243.24% | 283.35% | -52161.45% | - |
| Book Value per Share | 1.39 | 2.26 | -6.44 | -4.63 | -1.49 | 0.13 | -0.07 | -0.00 |
| Total Shareholders' Equity | 2.11M | 3.43M | -8.46M | -6.08M | -1.96M | 171.52K | -93.55K | -179 |
| Common Stock | 2.39K | 2.1K | 14.55K | 14.79K | 14.79K | 13.68K | 924 | 713 |
| Retained Earnings | -32.07M | -30.54M | -14.65M | -11.36M | -6.69M | -3.16M | -1.02M | -459.48K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -15.18K | -15.18K | -15.18K | -15.18K | -15.18K | -14.48K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity exhaustion
As reported in recent financial filings, Brag House Holdings has seen its total assets contract from $18.2 million in 2025Q3 to $12.3 million by 2026Q1, reflecting a rapid deterioration of the firm's resource base as it struggles to maintain operations without a viable revenue stream.
The consistent decline in asset value suggests that the company is consuming its remaining resources to fund ongoing operational deficits. This trajectory indicates that the business model lacks the necessary scale to preserve its balance sheet, leaving little room for strategic pivots.
Based on the most recent quarterly data, the company's cash reserves have dwindled to a precarious $138.1K, a significant decline from the $9.6 million reported in 2025Q3, which highlights an urgent liquidity crisis that threatens the firm's ability to continue as a going concern.
With current assets barely covering liabilities, the company appears to have exhausted its primary liquidity buffers. Investors should monitor for potential emergency financing or further dilution, as the current cash position is likely insufficient to sustain even minimal operational overhead for more than a few months.
According to historical balance sheets, the company's retained earnings have plummeted to a deficit of $32.1 million as of 2026Q1, illustrating a persistent pattern of value destruction that has severely eroded the firm's equity base and left shareholders with minimal tangible net worth.
The persistent negative retained earnings suggest that the company has failed to achieve a profitable operating model since its inception. This structural impairment of equity indicates that the firm is effectively operating on borrowed time, with little evidence of a path toward positive book value.
As indicated by the latest financial statements, the company maintains a debt-to-equity ratio of 0.83, which, while appearing moderate in isolation, is highly concerning given the firm's minimal cash position and the total absence of revenue to service these obligations.
The presence of $1.7 million in debt on a balance sheet with only $138.1K in cash suggests that the company may face significant refinancing risks or potential default. This leverage appears to be a necessity-driven burden rather than a strategic tool, further complicating the firm's path to solvency.
Quick answers to the most common questions about buying TBH stock.
As of 2025, Brag House Holdings, Inc. (TBH) had total assets of $14.8M including $12.7M in current assets.
Brag House Holdings, Inc. (TBH) carries total debt of $3.8M, 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.
Brag House Holdings, Inc. (TBH) has total shareholders' equity (book value) of $3.4M ($2.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Brag House Holdings, Inc. (TBH) reported a current ratio of 1.72x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.