The company's financial health is strained by a negative shareholders' equity of $45.2M and a high debt load of $59.0M, resulting in a concerning current ratio of 0.34 as of 2025Q3.
| Total Current Assets | 29.59M | 40.76M | 107.86M | 43.48M | 66.06M |
| Cash & Short-Term Investments | 4M | 14.05M | 69.05M | 6.36M | 30.16M |
| Cash Only | 4M | 14.05M | 37.7M | 6.36M | 30.16M |
| Short-Term Investments | 0 | 0 | 31.36M | 0 | 0 |
| Accounts Receivable | 23.18M | 22.89M | 33.91M | 33.97M | 32.75M |
| Days Sales Outstanding | 63.8 | 58.46 | 67.02 | 66.09 | 80.5 |
| Inventory | 0 | 0 | 0 | 1.05M | 1.05M |
| Days Inventory Outstanding | - | - | - | 2.29 | 2.74 |
| Other Current Assets | 2.41M | 3.81M | 4.91M | 2.1M | 2.1M |
| Total Non-Current Assets | 13.16M | 13.31M | 13.33M | 3.47M | 1.75M |
| Property, Plant & Equipment | 8.03M | 2.39M | 3.31M | 2.9M | 503K |
| Fixed Asset Turnover | 36.22x | 59.87x | 55.82x | 64.71x | 295.24x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.23M | 9.03M | 9.28M | 31K | 31K |
| Long-Term Investments | 3.13M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.9M | 1.9M | 738K | 538K | 1.22M |
| Total Assets | 42.75M | 54.07M | 121.19M | 46.94M | 67.81M |
| Asset Turnover | 2.79x | 2.64x | 1.52x | 4.00x | 2.19x |
| Asset Growth % | -171.59% | -55.38% | 158.17% | -30.78% | - |
| Total Current Liabilities | 87.95M | 37.59M | 31.11M | 28.44M | 17.35M |
| Accounts Payable | 2.93M | 2.9M | 4.48M | 7.54M | 4.39M |
| Days Payables Outstanding | 10.94 | 9.51 | 11.14 | 16.43 | 11.44 |
| Short-Term Debt | 59.03M | 14.7M | 3.19M | 840K | 2.82M |
| Deferred Revenue (Current) | 298K | 153K | 456K | 349K | 127K |
| Other Current Liabilities | 25.99M | 1.19M | 15.08M | 214K | 6.48M |
| Current Ratio | 0.34x | 1.08x | 3.47x | 1.53x | 3.81x |
| Quick Ratio | 0.34x | 1.08x | 3.47x | 1.49x | 3.75x |
| Cash Conversion Cycle | 52.86 | - | - | 51.95 | 71.8 |
| Total Non-Current Liabilities | 0 | 48.15M | 80.48M | 199.68M | 171.03M |
| Long-Term Debt | 0 | 39.88M | 66.08M | 99.44M | 83.61M |
| Capital Lease Obligations | 872K | 466K | 2.04M | 2.12M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 86.94M |
| Other Non-Current Liabilities | 0 | 7.8M | 12.36M | 98.11M | 29K |
| Total Liabilities | 87.95M | 85.74M | 111.59M | 228.11M | 188.38M |
| Total Debt | 59.03M | 55.05M | 72.02M | 103.14M | 86.17M |
| Net Debt | 55.03M | 41M | 34.33M | 96.79M | 56.01M |
| Debt / Equity | -1.31x | - | 7.50x | - | - |
| Debt / EBITDA | -9.02x | - | - | - | - |
| Net Debt / EBITDA | -8.41x | - | - | - | - |
| Interest Coverage | -0.81x | -1.91x | -0.99x | -1.70x | -13.40x |
| Total Equity | -45.2M | -31.67M | 9.6M | -181.17M | -120.57M |
| Equity Growth % | -1957.9% | -429.76% | 105.3% | -50.26% | - |
| Book Value per Share | -38.66 | -28.15 | 0.72 | -14.54 | -9.68 |
| Total Shareholders' Equity | -45.2M | -31.67M | 9.6M | -181.17M | -120.57M |
| Common Stock | 2K | 14K | 13K | 14K | 5K |
| Retained Earnings | -215.07M | -198.8M | -154.77M | -229.5M | -127.73M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -560K | -46.33M | -79.86M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Liquidity and solvency constraints
As reported in recent financial filings, ULY's total assets have contracted from $121.2M in 2023Q4 to $42.8M by 2025Q3, while shareholders' equity has plummeted into a deep deficit of -$45.2M, signaling a rapid deterioration in the company's overall financial health and long-term solvency profile.
The consistent decline in total assets alongside a widening equity deficit suggests that the company is consuming its capital base to fund ongoing operational losses. This trajectory indicates that the business model has yet to reach a point of self-sustaining growth, leaving the balance sheet increasingly fragile.
Based on the most recent quarterly data, ULY's cash reserves have dwindled to just $4.0M, a significant drop from the $37.7M reported in 2023Q4, which leaves the company with a current ratio of 0.34 and minimal buffer against further operational shocks or liquidity demands.
A current ratio well below 1.0 indicates that current liabilities significantly outweigh current assets, creating a high risk of a liquidity crunch. Investors should monitor the company's ability to secure additional financing, as the current cash position appears insufficient to support sustained operations without further dilution.
According to the company's balance sheet, total debt remains elevated at $59.0M as of 2025Q3, which, when viewed against the backdrop of negative shareholders' equity, suggests a highly leveraged capital structure that leaves little room for error in debt servicing or operational execution.
The persistence of high debt levels despite a shrinking asset base implies that the company is heavily reliant on external financing to maintain its operations. This leverage profile may limit management's strategic flexibility and increase the risk of covenant breaches or forced restructuring if cash flow does not improve.
As indicated by the provided financial statements, the company's asset base is increasingly comprised of intangible assets and limited tangible property, with net PPE falling to $8.0M, which may suggest that the firm lacks significant collateral to support its substantial debt obligations in a liquidation scenario.
The reliance on intangible assets and the lack of meaningful physical collateral could complicate future debt refinancing efforts. This composition warrants further investigation into the recoverability of these assets, as their value may be highly sensitive to the company's ability to retain its core enterprise partnerships.
Quick answers to the most common questions about buying ULY stock.
As of 2024, Urgent.ly Inc. Common Stock (ULY) had total assets of $54.1M including $40.8M in current assets.
Urgent.ly Inc. Common Stock (ULY) carries total debt of $55.1M, offset by $14.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Urgent.ly Inc. Common Stock (ULY) has total shareholders' equity (book value) of $-31.7M ($-28.15 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Urgent.ly Inc. Common Stock (ULY) reported a current ratio of 1.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.