While the company maintains a cash position of $44.1M, the accumulation of $23.5M in retained earnings deficits suggests that shareholder value is being consistently eroded by ongoing operational losses.
| Total Current Assets | 44.83M | 4.84M | 265.53K | 1.16M | 424.44K | 211.32K |
| Cash & Short-Term Investments | 44.08M | 4.68M | 259.21K | 1.16M | 424.44K | 201.32K |
| Cash Only | 44.08M | 4.68M | 259.21K | 1.16M | 424.44K | 201.32K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.65M | 17.04K | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | 344.48K | 8.39K | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | -1.9M | 0 | 0 | 0 | 0 | 10K |
| Total Non-Current Assets | 6.83M | 263.29K | 149.65K | 35.55K | 4.71K | 0 |
| Property, Plant & Equipment | 13.82K | 14.66K | 7.04K | 2.55K | 4.71K | 0 |
| Fixed Asset Turnover | 0.05x | 0.05x | 0.29x | 0.95x | 0.52x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.75M | 248.63K | 142.61K | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 33K | 0 | 0 |
| Other Non-Current Assets | 5.07M | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 51.66M | 5.1M | 415.19K | 1.19M | 429.16K | 211.32K |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | - |
| Asset Growth % | 14020.38% | 1128.96% | -65.22% | 178.17% | 103.09% | - |
| Total Current Liabilities | 882.7K | 335.2K | 65.86K | 374.27K | 249.31K | 217K |
| Accounts Payable | 0 | 233.25K | 65.86K | 91.36K | 34.31K | 0 |
| Days Payables Outstanding | 2.25K | - | 166.94K | 75.96K | - | - |
| Short-Term Debt | 500K | 0 | 0 | 0 | 215K | 215K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 382.7K | 0 | 0 | 282.92K | 0 | 2K |
| Current Ratio | 50.79x | 14.44x | 4.03x | 3.09x | 1.70x | 0.97x |
| Quick Ratio | 50.79x | 14.44x | 4.03x | 3.09x | 1.70x | 0.97x |
| Cash Conversion Cycle | 342.23K | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 882.7K | 335.2K | 65.86K | 374.27K | 249.31K | 217K |
| Total Debt | 500K | 0 | 0 | 0 | 215K | 215K |
| Net Debt | -43.58M | -4.68M | -259.21K | -1.16M | -209.44K | 13.68K |
| Debt / Equity | 0.01x | - | - | - | 1.20x | - |
| Debt / EBITDA | -0.03x | - | - | - | - | - |
| Net Debt / EBITDA | 2.64x | - | - | - | - | - |
| Interest Coverage | -166.94x | -56.02x | -34.27x | -46.81x | -48.03x | -1.99x |
| Total Equity | 50.78M | 4.77M | 349.33K | 819.52K | 179.84K | -5.69K |
| Equity Growth % | 28855.73% | 1264.7% | -57.37% | 355.68% | 3262.39% | - |
| Book Value per Share | 5.31 | 0.60 | 0.05 | 0.13 | 0.03 | -0.00 |
| Total Shareholders' Equity | 50.78M | 4.77M | 349.33K | 819.52K | 179.84K | -5.69K |
| Common Stock | 16.54K | 9.4K | 7.66K | 7.11K | 6.04K | 5K |
| Retained Earnings | -23.49M | -9.69M | -5.69M | -2.37M | -862.94K | -5.69K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Rapid capital depletion
As reported in recent SEC filings, the company's total assets surged to $51.7M in 2025Q3, yet this expansion is entirely driven by external financing rather than organic growth, as evidenced by the persistent accumulation of retained earnings deficits that have now reached a staggering $23.5M.
The trajectory of the balance sheet suggests a company that is effectively a vehicle for capital consumption rather than commercial value creation. Investors should note that the massive increase in assets is not reflective of operational success, but rather a reliance on external funding to offset a business model that has yet to demonstrate viability.
Based on the latest quarterly data, the company maintains a cash position of $44.1M, which provides a temporary liquidity buffer, yet the current ratio of 50.79 appears misleadingly high given the underlying burn rate and the lack of meaningful revenue to support ongoing operational requirements.
While the headline liquidity metrics appear robust, the lack of recurring revenue streams suggests that this cash balance is a finite resource that will be depleted rapidly. The company's reliance on cash reserves to fund its high-overhead structure warrants close monitoring, as the current liquidity position may not be sustainable in the absence of a pivot to profitability.
According to financial statements, the company's equity base has been significantly impacted by accumulated losses, with retained earnings falling to -$23.5M in 2025Q3, indicating that shareholder value has been consistently eroded by the firm's inability to achieve a sustainable return on its invested capital.
The quality of equity appears strained, as the balance sheet reflects a history of value destruction rather than growth. Investors should be wary of the potential for further dilution, as the company may need to tap capital markets again to replenish its reserves if the current burn rate continues unabated.
As indicated by the reported figures, the company carries $1.7M in goodwill, a figure that warrants skepticism given the lack of commercial traction and the potential for future impairment charges if the platform fails to generate the expected economic benefits for the business in the coming periods.
The presence of goodwill on the balance sheet of a company with negligible revenue suggests that the valuation of acquired assets may be disconnected from operational reality. This non-obvious risk implies that the company's net asset value could be significantly lower than reported if these intangible assets are subjected to a rigorous impairment test.
Quick answers to the most common questions about buying TZUP stock.
As of 2024, Thumzup Media Corporation (TZUP) had total assets of $5.1M including $4.8M in current assets.
Thumzup Media Corporation (TZUP) carries total debt of $0.0M, offset by $4.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Thumzup Media Corporation (TZUP) has total shareholders' equity (book value) of $4.8M ($0.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Thumzup Media Corporation (TZUP) reported a current ratio of 14.44x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.