The company's financial position is increasingly precarious, evidenced by a retained earnings deficit of -$46.7M and a reliance on goodwill that represents approximately 74.7% of total assets as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'01 | Dec'00 |
|---|
| Total Current Assets | 2.89M | 1.65M | 7.75M | 17.8M | 29.84M | 29.25M | 225K | 225K | 558.68K | 15.18K | 13.84K | 141.25K | 1K | 0 | 0 | 0 | 0 | 0 | 117 | 170 | 19 | 461 | 84 | 123.93K | 65.78K |
| Cash & Short-Term Investments | 1.79M | 1.02M | 624K | 1.77M | 4.2M | 5.21M | 148K | 87K | 517.16K | 2.96K | 4.49K | 115.45K | 1K | 0 | 0 | 0 | 0 | 0 | 117 | 170 | 19 | 461 | 84 | 24.73K | 1.83K |
| Cash Only | 1.79M | 1.02M | 624K | 1.77M | 4.2M | 5.21M | 148K | 87K | 499.92K | 2.96K | 4.49K | 115.45K | 1K | 0 | 0 | 0 | 0 | 0 | 117 | 170 | 19 | 461 | 84 | 24.73K | 1.83K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.24K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 355K | 344K | 5.87M | 15.17M | 24.55M | 22.83M | 35K | 119K | 0 | 12.22K | 9.36K | 25.8K | 6.72K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41.06K | 28.32K |
| Days Sales Outstanding | -345.98 | 80.03 | 79.57 | 69.57 | 92.74 | 184.25 | 133.07 | 208.82 | - | 14.07 | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.27 | 26.88 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -93K | -12.22K | -9.36M | -25.8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52.58K | 35.63K |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.96 | 29.26 |
| Other Current Assets | 746K | 290K | 1.19M | 676K | 781K | 858K | 0 | 2K | 41.52K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 24.81M | 9.11M | 14.32M | 25.48M | 33.85M | 22.02M | 0 | 5K | 5K | 14.35K | 43.73K | 21.12K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65.75K | 117.34K |
| Property, Plant & Equipment | 44K | 56K | 27K | 642K | 788K | 903K | 0 | 5K | 5K | 14.29K | 31.8K | 21.12K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.62K | 78.98K |
| Fixed Asset Turnover | -11.22x | 28.02x | 997.81x | 124.01x | 122.59x | 50.08x | - | 41.60x | 20.00x | 22.18x | - | - | - | - | - | - | - | - | - | - | - | - | - | 20.95x | 4.87x |
| Goodwill | 20.72M | 6.39M | 4.58M | 12.25M | 17.36M | 12.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.44M | 2.04M | 9.55M | 12.43M | 15.31M | 8.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 600K | 600K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59 | 11.93K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 609K | 12K | 0 | 0 | 52K | 83K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.13K | 38.37K |
| Total Assets | 27.71M | 10.76M | 22.07M | 43.28M | 63.7M | 51.26M | 225K | 230K | 558.68K | 29.53K | 57.57K | 162.37K | 1K | 0 | 0 | 0 | 0 | 0 | 117 | 170 | 19 | 461 | 84 | 189.68K | 183.12K |
| Asset Turnover | -0.04x | 0.15x | 1.22x | 1.84x | 1.52x | 0.88x | 0.43x | 0.90x | 0.18x | 10.73x | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.71x | 2.10x |
| Asset Growth % | -124.57% | -51.27% | -49% | -32.05% | 24.26% | 22682.67% | -2.17% | -58.83% | 1791.9% | -48.71% | -64.54% | 16136.6% | - | - | - | - | - | -100% | -31.18% | 794.74% | -95.88% | 448.81% | -99.96% | 3.58% | - |
| Total Current Liabilities | 4.24M | 4.06M | 12.93M | 19.77M | 28.52M | 26.77M | 2.3M | 1.92M | 975.15K | 1.01M | 958.2K | 288.77K | 163.78K | 278.78K | 227.38K | 176.68K | 108.85K | 73.91K | 91.66K | 51.4K | 45.9K | 3.62K | 0 | 838.39K | 2.06M |
| Accounts Payable | 1.11M | 762K | 4.05M | 9.35M | 14.27M | 10.49M | 22K | 66K | 13.12K | 123.72K | 324.76K | 210.68K | 2.58K | 0 | 750 | 0 | 0 | 5.5K | 2K | 500 | 2.5K | 0 | 404 | 240.85K | 246.4K |
| Days Payables Outstanding | -824.85 | 936.46 | 67.25 | 48.46 | 62.75 | 102.33 | 1.61K | 12.04K | 62.17 | 2.58K | 9.54K | 11.84K | - | - | - | - | - | - | - | - | - | - | - | 155.59 | 202.36 |
| Short-Term Debt | 1.92M | 1.91M | 6.15M | 6.44M | 6.57M | 8.69M | 50K | 0 | 485.45K | 317.63K | 409.59K | 149.69K | 108.07K | 85K | 85K | 85K | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 1.33K | 13.57K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.06K | 0 | 0 | 0 | -120.98K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 174.12K | 318.1K |
| Other Current Liabilities | 1.22M | 1.39M | 29K | 0 | 0 | 0 | 2.1M | 97K | 469.52K | 502.74K | -98.83K | -100.69K | 46.68K | 0 | 0 | 0 | -35K | 0 | 0 | 50.9K | 43.4K | 3.62K | 0 | 422.1K | 1.49M |
| Current Ratio | 0.68x | 0.41x | 0.60x | 0.90x | 1.05x | 1.09x | 0.10x | 0.12x | 0.57x | 0.02x | 0.01x | 0.49x | 0.01x | - | - | - | - | - | 0.00x | 0.00x | 0.00x | 0.13x | - | 0.15x | 0.03x |
| Quick Ratio | 0.68x | 0.41x | 0.60x | 0.90x | 1.05x | 1.09x | 0.10x | 0.12x | 0.67x | 0.03x | 9.78x | 0.58x | 0.01x | - | - | - | - | - | 0.00x | 0.00x | 0.00x | 0.13x | - | 0.09x | 0.01x |
| Cash Conversion Cycle | 478.87 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -100.35 | -146.22 |
| Total Non-Current Liabilities | 1.78M | 1.71M | 1.64M | 4.88M | 5.27M | 5.97M | 0 | 0 | 0 | 606.16K | 0 | 0 | 22.38K | 0 | 0 | 0 | 35K | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 1.33K |
| Long-Term Debt | 390K | 586K | 496K | 3.06M | 2.88M | 4.27M | 0 | 0 | 0 | 606.16K | 0 | 0 | 22.38K | 0 | 0 | 0 | 35K | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 304K | 388K | 491K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.33K |
| Deferred Tax Liabilities | 1.43M | 326K | 1.14M | 1.52M | 1.85M | 1.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.39M | 793K | 0 | 0 | 152K | 188K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.33K |
| Total Liabilities | 6.02M | 5.77M | 14.57M | 24.66M | 33.8M | 32.74M | 2.3M | 1.92M | 975.15K | 1.62M | 958.2K | 288.77K | 186.16K | 278.78K | 227.38K | 176.68K | 143.85K | 108.91K | 91.66K | 51.4K | 45.9K | 3.62K | 0 | 838.39K | 2.07M |
| Total Debt | 2.31M | 2.49M | 6.65M | 9.89M | 9.93M | 13.54M | 50K | 0 | 485.45K | 923.8K | 409.59K | 149.69K | 22.38K | 85K | 85K | 85K | 35K | 35K | 0 | 0 | 0 | 0 | 0 | 1.33K | 14.89K |
| Net Debt | 512K | 1.48M | 6.03M | 8.12M | 5.73M | 8.33M | -98K | -87K | -14.47K | 920.84K | 405.1K | 34.24K | 21.38K | 85K | 85K | 85K | 35K | 35K | -117 | -170 | -19 | -461 | -84 | -23.4K | 13.07K |
| Debt / Equity | 0.11x | 0.50x | 0.89x | 0.53x | 0.33x | 0.73x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 2.70x | - | - | - | 1.74x | 5.45x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.60x | - | - | - | 1.00x | 3.36x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | 0.38x | -41.39x | -13.17x | -7.85x | 2.18x | 4.17x | -21.00x | -8.11x | - | -0.72x | -13.84x | -285.12x | -4.79x | -4.04x | -3.97x | -6.32x | -9.64x | -40.46x | - | - | - | - | - | -6.41x | -6.89x |
| Total Equity | 21.76M | 4.99M | 7.51M | 18.62M | 29.9M | 18.52M | -2.08M | -1.69M | -416.48K | -1.59M | -900.63K | -126.41K | -185.16K | -278.78K | -227.38K | -176.68K | -143.85K | -108.91K | -91.54K | -51.23K | -45.88K | -3.16K | 84 | -780.52K | -1.88M |
| Equity Growth % | 18.14% | -33.54% | -59.69% | -37.71% | 61.47% | 991.1% | -22.74% | -306.51% | 73.78% | -76.39% | -612.47% | 31.73% | 33.58% | -22.61% | -28.7% | -22.82% | -32.09% | -18.97% | -78.68% | -11.67% | -1353.15% | -3858.33% | 100.01% | 58.55% | - |
| Book Value per Share | 0.19 | 0.06 | 0.17 | 5.01 | 1.99 | 34.46 | -1.86 | -3.45 | -2.86 | -30.63 | -19.94 | -4.88 | -10.58 | -276.29 | -225.35 | -175.10 | -161.81 | -133.30 | -146.70 | -86.25 | -2.97 | -0.56 | 0.03 | -113.28 | -392.99 |
| Total Shareholders' Equity | 21.68M | 4.99M | 5.77M | 14.82M | 22.02M | 13.71M | -2.08M | -1.69M | -416.48K | -1.59M | -900.63K | -126.41K | -185.16K | -278.78K | -227.38K | -176.68K | -143.85K | -108.91K | -91.54K | -51.23K | -45.88K | -3.16K | 84 | -780.52K | -1.88M |
| Common Stock | 4K | 4K | 3K | 3K | 3K | 3K | 3K | 3K | 11.07K | 2.25K | 1.99K | 1.53K | 455 | 169 | 169 | 169 | 149 | 137 | 105 | 9.99K | 9.29K | 9.23K | 1.63K | 162.16K | 98.67K |
| Retained Earnings | -46.65M | -46.05M | -22.71M | -10.66M | -3.34M | -2.37M | -15.15M | -14.71M | -41.63M | -16.62M | -14.67M | -8.86M | -574.06K | -400.19K | -348.79K | -298.09K | -251.26K | -206.56K | -163.02K | -110.21K | -69.86K | -9.14K | -404 | -12M | -11.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.34K | -19.34K | -19.34K | -19.34K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 79K | 0 | 1.74M | 3.81M | 7.88M | 4.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Insolvency and Liquidity Risk
As reported in financial statements, VBIX's total assets have contracted from $43.3M in 2023Q4 to $27.7M in 2026Q1, reflecting a significant reduction in the company's resource base that aligns with the broader collapse in its operational scale and market relevance.
The consistent decline in total assets suggests that the company is liquidating or failing to replace its capital base as it struggles to maintain its core interactive video operations. This downward trajectory indicates that the firm is in a state of structural retreat rather than strategic consolidation.
Based on the company's reported figures, the current ratio has remained consistently below 1.0, reaching a low of 0.33 in 2025Q2, which indicates that VBIX lacks sufficient liquid assets to cover its near-term obligations without external intervention or further asset divestment.
A current ratio persistently below unity suggests that the company is operating with a structural liquidity deficit. Investors should monitor this closely, as the inability to cover short-term liabilities implies that the firm is highly dependent on parent company support or external financing to avoid insolvency.
According to recent balance sheet data, goodwill accounts for a substantial portion of total assets, peaking at $20.7M in 2026Q1, which suggests that the company's asset valuation is heavily reliant on intangible historical acquisitions rather than tangible, revenue-generating infrastructure.
The high proportion of goodwill relative to total assets warrants further investigation into potential impairment risks, as the company's collapsing revenue base likely undermines the carrying value of these intangible assets. This concentration suggests that the tangible value available to shareholders in a liquidation scenario may be significantly lower than the headline asset figure.
As indicated by historical balance sheet records, retained earnings have plummeted to -$46.7M in 2026Q1, demonstrating a persistent and aggressive destruction of shareholder value that has significantly weakened the company's equity position over the last ten quarters.
The rapid accumulation of negative retained earnings highlights the company's inability to generate profitable growth, effectively eroding the capital base provided by investors. This trend suggests that the equity cushion is thinning, leaving the company with little room for further operational missteps.
Quick answers to the most common questions about buying VBIX stock.
As of 2025, Viewbix Inc. (VBIX) had total assets of $10.8M including $1.7M in current assets.
Viewbix Inc. (VBIX) carries total debt of $2.5M, offset by $1.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Viewbix Inc. (VBIX) has total shareholders' equity (book value) of $5.0M ($0.06 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Viewbix Inc. (VBIX) reported a current ratio of 0.41x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.