The balance sheet is heavily concentrated in $5.8M of goodwill, which constitutes approximately 74% of the company's $7.8M total assets, reflecting limited tangible value.
| Total Current Assets | 1.84M | 2.02M | 503.38K | 435.78K | 880.67K | 756.47K | 2.18M | 1.3M | 5.66M | 645.23K | 4.82M |
| Cash & Short-Term Investments | 1.34M | 1.64M | 106.65K | 91.44K | 249.46K | 71.08K | 376.43K | 487.95K | 30.01K | 348.2K | 4.68M |
| Cash Only | 1.34M | 1.64M | 106.65K | 91.44K | 249.46K | 71.08K | 376.43K | 487.95K | 30.01K | 348.2K | 4.68M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 314.55K | 313.35K | 372.72K | 304.81K | 336.03K | 464.85K | 722.16K | 799.25K | 32.18K | 347.49K | 8.45K |
| Days Sales Outstanding | 51.94 | 39.75 | 45.5 | 29.24 | 30.37 | 36.63 | 50.56 | 52.58 | 78.26 | 30.07 | 5.21 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 156.6K | 998.44K | 0 | 5.4M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | 20.54 | 103.67 | - | 676.44 | - | - |
| Other Current Assets | 182.86K | 65.63K | 24.01K | 39.53K | 295.18K | 0 | 0 | 0 | 5.6M | 254.89K | 0 |
| Total Non-Current Assets | 5.94M | 5.87M | 5.84M | 5.84M | 8.37M | 8.37M | 8.44M | 8.69M | 1.41M | 9.11M | 9.17M |
| Property, Plant & Equipment | 9.34K | 10.22K | 0 | 0 | 0 | 0 | 76.16K | 105.2K | 0 | 259.46K | 122.31K |
| Fixed Asset Turnover | 593.65x | 281.57x | - | - | - | - | 68.45x | 52.74x | - | 16.26x | 4.84x |
| Goodwill | 5.84M | 5.84M | 5.84M | 5.84M | 8.37M | 8.37M | 8.37M | 8.37M | 0 | 5.96M | 3.27M |
| Intangible Assets | 85.43K | 20.02K | 0 | 0 | 0 | 0 | 0 | 205.22K | 0 | 2.89M | 5.78M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.56K | 1.41M | 0 | 0 |
| Total Assets | 7.78M | 7.9M | 6.35M | 6.28M | 9.25M | 9.12M | 10.63M | 9.99M | 5.66M | 9.76M | 14M |
| Asset Turnover | 0.39x | 0.36x | 0.47x | 0.61x | 0.44x | 0.51x | 0.49x | 0.56x | 0.03x | 0.43x | 0.04x |
| Asset Growth % | 45.12% | 24.43% | 1.08% | -32.11% | 1.36% | -14.16% | 6.35% | 76.45% | -41.95% | -30.3% | - |
| Total Current Liabilities | 726.9K | 743.6K | 1.84M | 2.33M | 2.32M | 2.28M | 4.6M | 3.07M | 8.57M | 1.6M | 284.36K |
| Accounts Payable | 0 | 433.47K | 1.24M | 1.74M | 1.36M | 1.43M | 1.57M | 2M | 855.76K | 843.55K | 284.36K |
| Days Payables Outstanding | 95 | 80.81 | 201.34 | 250.21 | 189.72 | 187.94 | 163.03 | 166.54 | 107.18 | 114.4 | 269.99 |
| Short-Term Debt | 0 | 1.54K | 27.37K | 0 | 0 | 0 | 0 | 0 | 1.43M | 300K | 0 |
| Deferred Revenue (Current) | 934.5K | 158.75K | 354.08K | 378.58K | 579.83K | 472.75K | 2.03M | 0 | 816.71K | 56.74K | 0 |
| Other Current Liabilities | 569.4K | 0 | 67.62K | 67.62K | 225K | 225K | 850K | 1.06M | 6.29M | 453.35K | 0 |
| Current Ratio | 2.53x | 2.72x | 0.27x | 0.19x | 0.38x | 0.33x | 0.47x | 0.42x | 0.66x | 0.40x | 16.96x |
| Quick Ratio | 2.53x | 2.72x | 0.27x | 0.19x | 0.38x | 0.26x | 0.26x | 0.42x | 0.03x | 0.40x | 16.96x |
| Cash Conversion Cycle | -43.07 | - | - | - | - | -130.77 | -8.8 | - | 647.52 | - | - |
| Total Non-Current Liabilities | 0 | 0 | 19.66K | 90.36K | 147.75K | 433.57K | 293.97K | 0 | 1.43M | 23.94K | 553.8K |
| Long-Term Debt | 0 | 0 | 19.66K | 90.36K | 147.75K | 433.57K | 293.97K | 0 | 1.59M | 0 | 553.8K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.94K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.59M | 0 | -553.8K |
| Total Liabilities | 726.9K | 743.6K | 1.86M | 2.42M | 2.47M | 2.72M | 4.89M | 3.07M | 8.57M | 1.62M | 284.36K |
| Total Debt | 0 | 1.54K | 47.03K | 90.36K | 147.75K | 433.57K | 293.97K | 11.06K | 1.43M | 300K | 553.8K |
| Net Debt | -1.34M | -1.64M | -59.63K | -1.08K | -101.71K | 362.49K | -82.45K | -476.89K | 1.4M | -48.2K | -4.12M |
| Debt / Equity | 0.00x | 0.00x | 0.01x | 0.02x | 0.02x | 0.07x | 0.05x | 0.00x | - | 0.04x | 0.04x |
| Debt / EBITDA | 0.00x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.15x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -0.40x | -0.49x | -9.90x | -616.42x | -584.55x | - | - | -475.92x | -13.63x | - | - |
| Total Equity | 7.05M | 7.15M | 4.49M | 3.85M | 6.78M | 6.41M | 5.73M | 6.93M | -2.91M | 8.13M | 13.71M |
| Equity Growth % | 170.09% | 59.31% | 16.51% | -43.14% | 5.8% | 11.7% | -17.21% | 338.18% | -135.75% | -40.68% | - |
| Book Value per Share | 6.64 | 14.75 | 46.17 | 55.97 | 127.40 | 137.14 | 142.45 | 248.77 | -804.01 | 3256.14 | 10617.74 |
| Total Shareholders' Equity | 7.05M | 7.15M | 4.49M | 3.85M | 6.78M | 6.41M | 5.73M | 6.93M | -2.91M | 8.13M | 13.71M |
| Common Stock | 1.07K | 15.83K | 1.86K | 1.23K | 13.01K | 11.29K | 9.9K | 7.39K | 921 | 12.66K | 9.02K |
| Retained Earnings | -35.59M | -35.42M | -30.98M | -29.84M | -25.86M | -24.01M | -20.2M | -12.79M | -31.32M | -16.52M | -4.55M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 600K | 0 | 0 | 0 | -5.5M | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and capital exhaustion
According to recent quarterly filings, SCWorx's cash position has fluctuated significantly, reaching $1.3M in 2026Q1, while the current ratio of 2.53 suggests a temporary improvement in short-term coverage that remains highly sensitive to the company's persistent inability to generate positive operating cash flow.
The recent improvement in the current ratio appears driven by a reduction in current liabilities rather than organic cash generation. Investors should monitor this closely, as the company's history of rapid cash depletion suggests that this liquidity buffer may be insufficient to support ongoing operations without further external financing.
As reported in financial statements, SCWorx maintains a heavy concentration of goodwill at $5.8M, which represents the vast majority of its $7.8M total assets, indicating that the company's balance sheet value is largely tied to intangible assets rather than tangible, revenue-generating infrastructure.
The reliance on goodwill suggests that the company's asset base is highly susceptible to impairment charges if the core healthcare data services fail to achieve expected market penetration. The minimal investment in PPE, currently at $9.3K, further underscores the asset-light but potentially fragile nature of the current business model.
Based on reported figures, the company's equity base has been consistently eroded by accumulated deficits, which reached -$35.6M in 2026Q1, reflecting a long-term trend of value destruction that has left the balance sheet with limited cushion against further operational losses.
The persistent negative retained earnings highlight the structural difficulty the company faces in achieving profitability. This trend suggests that the equity base is primarily supported by historical capital raises rather than internal value creation, which may necessitate future dilutive actions to maintain operations.
Analysis of the balance sheet reveals that the $5.8M in goodwill, which has remained static over the last ten quarters, may be significantly overstated given the company's negative net margins and inability to demonstrate a clear path toward sustainable growth in its core healthcare segment.
The lack of movement in the goodwill account despite deteriorating operational performance warrants further investigation into potential impairment risks. If the underlying business units fail to meet performance targets, a significant write-down could severely impact the company's already strained equity position.
Quick answers to the most common questions about buying WORX stock.
As of 2025, SCWorx Corp. (WORX) had total assets of $7.9M including $2.0M in current assets.
SCWorx Corp. (WORX) carries total debt of $0.0M, offset by $1.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SCWorx Corp. (WORX) has total shareholders' equity (book value) of $7.2M ($14.75 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SCWorx Corp. (WORX) reported a current ratio of 2.72x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.