The company's financial position appears strained, with a $91.8 million accumulated deficit in retained earnings and a current ratio of 1.02, leaving minimal buffer for operational volatility.
| 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'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 |
|---|
| Total Current Assets | 71.12M | 66.21M | 55.32M | 32.84M | 27.99M | 33.15M | 67.49M | 36.53M | 24.17M | 22.3M | 22.99M | 25.63M | 27.75M | 9.77M | 13.14M | 13.99M | 17.56M | 14.99M | 12.23M | 6.97M | 9.46M | 6.11M | 3.67M | 1.4M | 1.67M | 2.07M | 3.14M | 10.2M | 7.2M | 7.55M |
| Cash & Short-Term Investments | 11.28M | 9.82M | 6.78M | 6.92M | 7.53M | 6.48M | 16M | 6.88M | 2.43M | 5.27M | 9.12M | 7.93M | 13.15M | -102.24K | 1.86M | 2.14M | 5.82M | 6.24M | 4.38M | 1.83M | 2.77M | 2.53M | 463.52K | 949.61K | 1.21M | 1.56M | 1.09M | 4.2M | 4.5M | 6.41M |
| Cash Only | 11.28M | 9.82M | 6.78M | 6.92M | 7.53M | 6.48M | 16M | 6.88M | 2.43M | 5.27M | 9.12M | 7.93M | 13.15M | -102.24K | 1.86M | 2.14M | 5.82M | 6.24M | 4.38M | 1.83M | 2.77M | 2.53M | 463.52K | 949.61K | 1.21M | 1.56M | 1.09M | 4.2M | 4.5M | 6.41M |
| Short-Term Investments | 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 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 56.91M | 48.55M | 43.73M | 24.84M | 19.52M | 24.77M | 49.73M | 28.56M | 20.66M | 16.26M | 13.31M | 17.2M | 14.12M | 9.17M | 10.04M | 10.6M | 10.85M | 8.39M | 7.58M | 4.81M | 6.22M | 3.35M | 3.01M | 405.66K | 394.23K | 459.98K | 1.88M | 5.5M | 2.5M | 1.07M |
| Days Sales Outstanding | 109.53 | 117.71 | 111.95 | 85.51 | 75.72 | 103.52 | 100.65 | 102.47 | 90.1 | 78.22 | 61.94 | 88.64 | 96.64 | 71.51 | 65.7 | 93.52 | 77.97 | 70.65 | 78.07 | 124.22 | 126.47 | 92.06 | 198.08 | 44.96 | 41.17 | 28.44 | 53.04 | 73.81 | 92.17 | 273.3 |
| Inventory | 422.67K | 0 | 312.43K | 366.13K | 222.28K | 590.07K | 990.98K | 213.71K | 183.9K | 157.06K | 123.29K | 28.4K | 37.02K | 61.34K | 286.92K | 0 | 0 | 0 | 0 | 0 | -462.91M | 0 | -202.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 0.66 | - | 0.92 | 1.48 | 1.02 | 3.03 | 2.26 | 0.92 | 0.98 | 0.92 | 0.7 | 0.18 | 0.34 | 0.64 | 2.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.18M | 7.84M | 3.94M | 717.54K | 713.7K | 1.31M | 0 | 0 | 0 | 0 | 42.9K | 466.19K | 18.58K | 0 | 473.43K | 1.26M | 886.12K | 359.56K | 267.67K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K | 200K | 0 |
| Total Non-Current Assets | 14.85M | 13.6M | 16.26M | 18.46M | 23.21M | 47.43M | 33.83M | 27.76M | 22.88M | 23.59M | 24.24M | 25.23M | 26.32M | 26.31M | 26.44M | 28.3M | 16.84M | 11.77M | 11.35M | 4.29M | 4.15M | 4.57M | 6.24M | 60.73K | 252.5K | 121.87K | 6.55M | 10.8M | 10.2M | 4.32M |
| Property, Plant & Equipment | 4.16M | 4.38M | 4.73M | 4.83M | 7.66M | 8.8M | 6.67M | 6.61M | 1.01M | 1.32M | 736.68K | 1.51M | 1.61M | 1.55M | 1.43M | 1.34M | 1.24M | 538.81K | 431.19K | 435.86K | 205.23K | 55.92K | 80.65K | 6.99K | 11.96K | 63.76K | 335.94K | 700K | 500K | 277.98K |
| Fixed Asset Turnover | 35.01x | 34.34x | 30.15x | 21.97x | 12.28x | 9.92x | 27.04x | 15.38x | 82.63x | 57.56x | 106.45x | 46.81x | 33.03x | 30.29x | 39.05x | 30.96x | 40.93x | 80.44x | 82.24x | 32.42x | 87.48x | 237.18x | 68.72x | 471.17x | 292.12x | 92.58x | 38.51x | 38.86x | 19.80x | 5.13x |
| Goodwill | 5.81M | 5.81M | 5.81M | 5.81M | 5.81M | 22.09M | 18.56M | 18.56M | 18.56M | 18.56M | 18.56M | 18.56M | 18.56M | 16.62M | 16.62M | 18.19M | 11.33M | 9.77M | 8.58M | 2.53M | 2.53M | 2.53M | 2.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.07M | 3.35M | 5.06M | 7.78M | 7.4M | 6.23M | 2.19M | 2.45M | 3.1M | 3.67M | 4.3M | 5.1M | 5.99M | 3.61M | 4.97M | 5.42M | 1.1M | 1.38M | 2.24M | 1.17M | 1.36M | 1.76M | 1.67M | 0 | 0 | 0 | 6.16M | 10.1M | 9.7M | 1.07M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 67.75K | 94.91K | 0 | -1.26M | -1.58M | 0 | -48.83K | -30.89K | -18.58K | 0 | 0 | -473.43K | 0 | -313.78K | -156.89K | 0 | 0 | 0 | -221.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.8M | 48.82K | 659.09K | 40.59K | 0 | 0 | 815.01K | 140.4K | 209.1K | 44.55K | 646.83K | 60.47K | 161.99K | 120.05K | 76.12K | 3.35M | 46.45K | 75.72K | 110.81K | 167.16K | 56.19K | 227.1K | 161.15K | 53.74K | 240.54K | 58.11K | 59.05K | 0 | 0 | 4.98K |
| Total Assets | 85.98M | 79.81M | 71.58M | 51.3M | 51.2M | 80.58M | 101.32M | 64.29M | 47.06M | 45.89M | 47.23M | 50.86M | 54.08M | 36.07M | 39.58M | 42.29M | 34.4M | 26.76M | 23.58M | 11.26M | 13.6M | 10.68M | 9.91M | 1.47M | 1.92M | 2.19M | 9.69M | 21M | 17.4M | 11.87M |
| Asset Turnover | 2.01x | 1.89x | 1.99x | 2.07x | 1.84x | 1.08x | 1.78x | 1.58x | 1.78x | 1.65x | 1.66x | 1.39x | 0.99x | 1.30x | 1.41x | 0.98x | 1.48x | 1.62x | 1.50x | 1.25x | 1.32x | 1.24x | 0.56x | 2.25x | 1.82x | 2.69x | 1.34x | 1.30x | 0.57x | 0.12x |
| Asset Growth % | 86.65% | 11.5% | 39.53% | 0.19% | -36.46% | -20.47% | 57.6% | 36.63% | 2.53% | -2.83% | -7.14% | -5.95% | 49.91% | -8.86% | -6.41% | 22.95% | 28.56% | 13.46% | 109.35% | -17.2% | 27.42% | 7.7% | 576.39% | -23.74% | -12.38% | -77.37% | -53.86% | 20.69% | 46.59% | - |
| Total Current Liabilities | 70.03M | 63.92M | 52.88M | 31.46M | 26.14M | 26.04M | 54.44M | 31.53M | 20.45M | 19.72M | 18M | 17.6M | 15.28M | 10.91M | 10.58M | 11.62M | 11.54M | 10.98M | 9.51M | 3.64M | 5.76M | 3.08M | 7.66M | 291.28K | 328.42K | 575.51K | 1.27M | 4.3M | 1.6M | 2.29M |
| Accounts Payable | 29.63M | 25.89M | 16.52M | 12.63M | 12.52M | 10.26M | 36.22M | 13.58M | 7.36M | 7.27M | 8.67M | 7.81M | 6.17M | 3.23M | 5.56M | 8.42M | 7.73M | 7.12M | 2.47M | 2.72M | 4.36M | 2.09M | 1.34M | 52.38K | 78.38K | 110.34K | 1.24M | 3.2M | 1.6M | 0 |
| Days Payables Outstanding | 62.95 | 72.95 | 48.81 | 51.02 | 57.44 | 52.78 | 82.69 | 58.78 | 39.29 | 42.64 | 49.11 | 49.5 | 56.54 | 33.95 | 48.37 | 95.64 | 75.1 | 76.79 | 31.16 | 93.8 | 111.75 | 64.27 | 120.52 | 7.77 | 11.49 | 12.9 | 64.42 | 96.53 | 166.86 | - |
| Short-Term Debt | 704.39K | 751.23K | 0 | 0 | 596.53K | 794.17K | 0 | 0 | 145.93K | 133.25K | 226.63K | 1.03M | 2.32M | 2.19M | 1.22M | 922.18K | 667.75K | 677.43K | 2.72M | 118.25K | 45.02K | 0 | 1.59M | 0 | 6.42K | 18.01K | 29.83K | 1M | 0 | 539.54K |
| Deferred Revenue (Current) | 26.4M | 6.11M | 4.77M | 2.01M | 1.7M | 2.28M | 2.02M | 2.27M | 2.07M | 2.35M | 1.19M | 2.01M | 710.27K | 40.91K | 173.66K | 390.51K | 294.54K | 768.5K | 1.67M | 96.67K | 567.65K | 178.02K | 859.35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 33.07M | 31.16M | 0 | 0 | 9.62M | 10.48M | 7.61K | 141.39K | 9.44M | 398.13K | 40.4K | 0 | 9.27K | 779.27K | 51.2K | 56.99K | 20.84K | 0 | 0 | 0 | 3.06K | 4K | 3.86M | 0 | 0 | 0 | 0 | 100K | 0 | 0 |
| Current Ratio | 1.02x | 1.04x | 1.05x | 1.04x | 1.07x | 1.27x | 1.24x | 1.16x | 1.18x | 1.13x | 1.28x | 1.46x | 1.82x | 0.90x | 1.24x | 1.20x | 1.52x | 1.36x | 1.29x | 1.92x | 1.64x | 1.98x | 0.48x | 4.82x | 5.08x | 3.60x | 2.48x | 2.37x | 4.50x | 3.30x |
| Quick Ratio | 1.01x | 1.04x | 1.04x | 1.03x | 1.06x | 1.25x | 1.22x | 1.15x | 1.17x | 1.12x | 1.27x | 1.45x | 1.81x | 0.89x | 1.22x | 1.20x | 1.52x | 1.36x | 1.29x | 1.92x | 81.95x | 1.98x | 26.97x | 4.82x | 5.08x | 3.60x | 2.48x | 2.37x | 4.50x | 3.30x |
| Cash Conversion Cycle | 47.24 | - | 64.06 | 35.97 | 19.3 | 53.77 | 20.23 | 44.62 | 51.79 | 36.5 | 13.54 | 39.32 | 40.44 | 38.21 | 19.82 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.2M | 4.37M | 5.12M | 5.17M | 7.31M | 12.87M | 6.33M | 7.83M | 2.19M | 966.86K | 946.19K | 1.07M | 2.02M | 2.65M | 5.06M | 7.83M | 839.1K | 992.77K | 1.37M | 162.98K | 67.85K | 4.25K | 229.02K | 0 | 0 | 6.42K | 24.43K | 1.9M | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -122.04K | 0 | 412.18K | 431.76K | 1.33M | 2.51M | 4.92M | 7.77M | 564.49K | 604.05K | 1.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.9M | 0 | 0 |
| Capital Lease Obligations | 16.09M | 3.93M | 4.2M | 4.11M | 4.75M | 6.03M | 5.93M | 5.59M | 122.04K | 232.11K | 0 | 11.96K | 36.67K | 57.12K | 102.24K | 0 | 2.07K | 67.63K | 95.25K | 162.98K | 67.85K | 0 | 0 | 0 | 0 | 6.42K | 24.43K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 44.12K | 0 | 11.41K | 16.92K | 2.19M | 5.09M | 0 | 1.87M | 1.52M | 392.23K | 447.81K | 447.81K | 447.81K | 2.42K | 15.79K | 0 | 3.12M | 313.78K | 156.89K | 0 | 0 | 0 | 221.96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 6.9K | 6.9K | 1.35M | 0 | 0 | 73.95K | 78.34K | 86.2K | 151.99K | 154.78K | 1.96K | 17.75K | 65.21K | 173.84K | 0 | 0 | 0 | 0 | 4.25K | 7.06K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 74.23M | 68.28M | 58M | 36.62M | 33.45M | 38.91M | 60.77M | 39.35M | 22.64M | 20.68M | 18.95M | 18.67M | 17.3M | 13.56M | 15.64M | 19.45M | 12.38M | 11.98M | 10.88M | 3.8M | 5.83M | 3.09M | 7.89M | 291.28K | 328.42K | 581.93K | 1.29M | 6.2M | 1.6M | 2.29M |
| Total Debt | 4.47M | 4.68M | 4.94M | 4.75M | 5.34M | 6.82M | 6.51M | 6.19M | 229.37K | 466.95K | 642.91K | 1.5M | 3.76M | 4.8M | 6.28M | 8.69M | 1.32M | 1.41M | 4.04M | 281.22K | 112.87K | 0 | 1.59M | 0 | 6.42K | 24.43K | 54.26K | 2.9M | 0 | 539.54K |
| Net Debt | -6.81M | -5.14M | -1.84M | -2.17M | -2.19M | 339.89K | -9.49M | -686.36K | -2.2M | -4.81M | -8.48M | -6.43M | -9.39M | 4.9M | 4.42M | 6.56M | -4.5M | -4.83M | -331.94K | -1.55M | -2.66M | -2.53M | 1.13M | -949.61K | -1.2M | -1.54M | -1.03M | -1.3M | -4.5M | -5.87M |
| Debt / Equity | 0.38x | 0.41x | 0.36x | 0.32x | 0.30x | 0.16x | 0.16x | 0.25x | 0.01x | 0.02x | 0.02x | 0.05x | 0.10x | 0.21x | 0.26x | 0.38x | 0.06x | 0.10x | 0.32x | 0.04x | 0.01x | - | 0.79x | - | 0.00x | 0.02x | 0.01x | 0.20x | - | 0.06x |
| Debt / EBITDA | 10.05x | 15.17x | 3.55x | - | - | 3.01x | 1.34x | 2.22x | 0.21x | - | - | - | - | 8.33x | 2.23x | 9.00x | 0.35x | 0.49x | 14.47x | - | - | - | - | - | - | - | - | 1.16x | - | 0.54x |
| Net Debt / EBITDA | -15.31x | -16.64x | -1.33x | - | - | 0.15x | -1.95x | -0.25x | -1.97x | - | - | - | - | 8.51x | 1.57x | 6.79x | -1.18x | -1.70x | -1.19x | - | - | - | - | - | - | - | - | -0.52x | -6.43x | -5.85x |
| Interest Coverage | -9.64x | -13.76x | -6.98x | -15.34x | -70.28x | 4.59x | 10.65x | 2.99x | -2.31x | -66.03x | -57.25x | -37.94x | -24.74x | -6.60x | 3.49x | 1.69x | 31.35x | 9.88x | -1.77x | -44.90x | -53.29x | -13.60x | -30.96x | -232.24x | -138.36x | -1304.96x | -32.66x | - | - | - |
| Total Equity | 11.75M | 11.53M | 13.58M | 14.68M | 17.75M | 41.68M | 40.55M | 24.94M | 24.42M | 25.21M | 28.28M | 32.19M | 36.78M | 22.52M | 23.94M | 22.84M | 22.02M | 14.78M | 12.7M | 7.46M | 7.77M | 7.59M | 2.03M | 1.17M | 1.59M | 1.61M | 8.4M | 14.8M | 15.8M | 9.58M |
| Equity Growth % | -47.07% | -15.09% | -7.48% | -17.32% | -57.41% | 2.77% | 62.6% | 2.14% | -3.15% | -10.84% | -12.16% | -12.48% | 63.35% | -5.94% | 4.82% | 3.72% | 48.97% | 16.37% | 70.17% | -3.98% | 2.4% | 274.82% | 72.44% | -26.3% | -1.11% | -80.81% | -43.26% | -6.33% | 64.95% | - |
| Book Value per Share | 1.17 | 1.19 | 1.46 | 1.66 | 2.03 | 4.55 | 4.71 | 2.97 | 2.93 | 3.04 | 3.42 | 3.91 | 5.03 | 3.53 | 3.75 | 3.56 | 3.50 | 2.44 | 2.24 | 1.42 | 1.71 | 1.44 | 1.22 | 0.75 | 1.12 | 1.24 | 6.47 | 11.43 | 14.85 | 9.58 |
| Total Shareholders' Equity | 11.75M | 11.53M | 13.58M | 14.68M | 17.75M | 41.68M | 40.55M | 24.94M | 24.42M | 25.21M | 28.28M | 32.19M | 36.78M | 22.52M | 23.94M | 22.84M | 22.02M | 14.78M | 12.7M | 7.46M | 7.77M | 7.59M | 2.03M | 1.17M | 1.59M | 1.61M | 8.4M | 14.8M | 15.8M | 9.58M |
| Common Stock | 9.87K | 9.89K | 9.49K | 8.89K | 8.73K | 8.84K | 8.88K | 83.86K | 84.11K | 83.03K | 82.73K | 82.52K | 81.66K | 63.91K | 63.75K | 63.23K | 62.69K | 61.38K | 58.28K | 52.56K | 50.49K | 37.3K | 21.13K | 15.58K | 15.58K | 12.98K | 12.98K | 0 | 0 | 11.73K |
| Retained Earnings | -91.76M | -91.83M | -89.08M | -87.15M | -83.1M | -59.52M | -59.86M | -70.18M | -70.41M | -68.95M | -65.42M | -61.28M | -55.82M | -47.42M | -45.72M | -46.55M | -46.8M | -53.18M | -54.59M | -53.5M | -52.98M | -52.55M | -41.45M | -40.82M | -40.53M | -40.47M | -33.69M | -27.1M | -26M | -25.71M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -379.06K | -379.67K | -450.94K | -334.9K | -350.23K | -241.59K | -104.61K | -242.59K | -186.49K | -122.46K | -309.37K | -270.14K | -147.51K | 0 | 0 | 0 | 0 | 0 | 0 | 38.67K | 38.67K | 21.82K | -66.81K | -128K | 0 | 140K | 140K | 200K | 0 | 0 |
| Minority Interest | 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 | 0 | 0 | 0 | 0 | 0 |
Persistent negative retained earnings
As reported in recent financial statements, WidePoint's total assets have expanded to $86.0 million in 2026Q1, yet this growth is largely offset by rising liabilities, leaving the company's equity base stagnant at $11.8 million and signaling a precarious long-term trajectory for shareholder value creation.
The expansion in total assets appears to be driven by working capital fluctuations rather than productive capital investment. This trend suggests that the company is struggling to convert its asset base into meaningful equity growth, as the persistent negative retained earnings continue to weigh on the balance sheet.
Based on the provided quarterly data, WidePoint maintains a current ratio hovering near 1.02, which indicates that the company possesses minimal buffer to absorb operational shocks or unexpected delays in federal contract payments, as evidenced by the $11.3 million cash position against $74.2 million in total liabilities.
A current ratio barely above unity suggests that the company is operating with very little margin for error in its liquidity management. Investors should monitor whether this tight position forces the company to rely on external financing or further dilutive measures to sustain its ongoing operations.
According to historical balance sheet figures, WidePoint's retained earnings have deepened to a deficit of $91.8 million as of 2026Q1, reflecting a multi-year trend of operational losses that significantly impairs the quality of the company's equity and limits its ability to reinvest in proprietary technology.
The consistent accumulation of losses suggests that the business model has yet to achieve the necessary scale to cover its fixed cost base. This persistent deficit warrants further investigation into whether the company can ever reach a point of self-sustaining profitability without further capital injections.
As indicated by the latest quarterly filings, the company carries $5.8 million in goodwill, which represents nearly half of the total equity, suggesting that any future impairment of these intangible assets could severely impact the company's already thin capital base and overall balance sheet stability.
The reliance on goodwill as a significant component of equity highlights the potential for non-cash write-downs that could further erode the company's financial position. Analysts should consider this a non-obvious risk that makes the headline equity figures appear more robust than they may be in a liquidation scenario.
Quick answers to the most common questions about buying WYY stock.
As of 2025, WidePoint Corporation (WYY) had total assets of $79.8M including $66.2M in current assets.
WidePoint Corporation (WYY) carries total debt of $4.7M, offset by $9.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
WidePoint Corporation (WYY) has total shareholders' equity (book value) of $11.5M ($1.19 book value per share). Book value represents the net worth of the company belonging to common stock holders.
WidePoint Corporation (WYY) reported a current ratio of 1.04x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.