The balance sheet quality appears compromised by $91.6 million in goodwill, which accounts for nearly 75% of the $122.6 million in total assets.
| Total Current Assets | 28.9M | 10.65M | 10.27M | 22.93M | 6.89M | 4.76M | 7.87M | 1.1M |
| Cash & Short-Term Investments | 27.03M | 7.53M | 6.67M | 20.57M | 5.68M | 4.2M | 7.7M | 739.09K |
| Cash Only | 27.03M | 7.53M | 6.67M | 20.57M | 5.68M | 4.2M | 7.7M | 739.09K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 | 133.69K | 199.05K | 114.31K | 325.39K |
| Days Sales Outstanding | - | - | - | - | - | 161.58 | - | - |
| Inventory | 0 | 2.32M | 2.85M | 1.77M | 1.01M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | 554.55 | 556.19 | 3.62K | 3.52K | - | - | - |
| Other Current Assets | 1.28M | 196K | 245K | 515K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 93.66M | 2.18M | 3.21M | 2.5M | 2.41M | 140.05K | 141.44K | 101.83K |
| Property, Plant & Equipment | 1.01M | 1.9M | 2.9M | 2.19M | 2.08M | 140.05K | 141.44K | 101.83K |
| Fixed Asset Turnover | 0.24x | 0.55x | 0.26x | - | - | 3.21x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 91.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 332.29K | 0 | 0 | 0 |
| Other Non-Current Assets | 1.02M | 283K | 303K | 314K | 0 | 0 | 0 | 0 |
| Total Assets | 122.56M | 12.84M | 13.48M | 25.43M | 9.3M | 4.9M | 8.01M | 1.2M |
| Asset Turnover | 0.00x | 0.08x | 0.06x | - | - | 0.09x | - | - |
| Asset Growth % | 854.78% | -4.75% | -47.01% | 173.53% | 89.94% | -38.92% | 567.57% | - |
| Total Current Liabilities | 2.93M | 5.19M | 3.25M | 2.92M | 2.21M | 934.72K | 592.64K | 627.45K |
| Accounts Payable | 178K | 297K | 536K | 485K | 537.65K | 547.17K | 148.57K | 259.89K |
| Days Payables Outstanding | 20.88 | 70.99 | 104.68 | 994.52 | 1.87K | 412.79 | 1.37K | 3.03K |
| Short-Term Debt | 0 | 3.04M | 0 | 0 | 271.56K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 141K | 87K | 268K | 90K | 0 | 0 | 60.58K | 0 |
| Other Current Liabilities | 302K | 668K | 1.02M | 1.76M | 1.07M | 142.85K | 30.43K | 17.24K |
| Current Ratio | 9.85x | 2.05x | 3.16x | 7.85x | 3.12x | 5.09x | 13.28x | 1.75x |
| Quick Ratio | 9.85x | 1.61x | 2.28x | 7.25x | 2.66x | 5.09x | 13.28x | 1.75x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 432K | 929K | 1.03M | 1.25M | 1.25M | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 432K | 598K | 1.03M | 1.25M | 1.25M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 331K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 3.37M | 6.12M | 4.29M | 4.17M | 3.46M | 934.72K | 592.64K | 627.45K |
| Total Debt | 724K | 3.95M | 1.34M | 1.57M | 1.52M | 0 | 0 | 0 |
| Net Debt | -26.3M | -3.58M | -5.33M | -19M | -4.16M | -4.2M | -7.7M | -739.09K |
| Debt / Equity | 0.01x | 0.59x | 0.15x | 0.07x | 0.28x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Interest Coverage | -346.43x | -63.27x | -771.58x | -41.98x | -116.65x | - | - | - |
| Total Equity | 119.2M | 6.72M | 9.19M | 21.26M | 5.52M | 3.96M | 7.42M | 573.08K |
| Equity Growth % | 1674.34% | -26.9% | -56.78% | 284.88% | 39.47% | -46.64% | 1195.05% | - |
| Book Value per Share | 22.99 | 0.67 | 1.55 | 4.12 | 2.48 | 1.73 | 3.23 | 0.25 |
| Total Shareholders' Equity | 119.2M | 6.72M | 9.19M | 21.26M | 5.52M | 3.96M | 7.42M | 573.08K |
| Common Stock | 139K | 10K | 5K | 5K | 2.25K | 311 | 274 | 265 |
| Retained Earnings | -113.76M | -58.17M | -47.18M | -35.43M | -29.98M | -19.01M | -12.01M | -7.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.26M | -2.15M | -2.41M | -1.59M | 4.69M | 1.12M | 151.86K | 293.83K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital depletion and commercialization
Based on reported figures, ZOOZ's total assets surged to $122.6 million in 2025Q4, yet this expansion is primarily driven by a $91.6 million goodwill entry rather than operational growth, suggesting a significant shift in the balance sheet composition that warrants further investigation by potential investors.
The sudden appearance of substantial goodwill indicates a major accounting event or acquisition that has fundamentally altered the asset profile. Without a corresponding increase in productive capacity or revenue, this asset inflation appears to mask the underlying stagnation of the core industrial business.
As reported in financial statements, ZOOZ maintains a cash position of $27.0 million as of 2025Q4, providing a temporary liquidity buffer; however, this must be weighed against the company's persistent inability to generate self-sustaining cash flow from its kinetic energy storage operations.
The current ratio of 9.85 suggests a strong short-term liquidity position, but this metric is heavily influenced by the recent cash injection rather than operational efficiency. Investors should monitor how quickly this capital is consumed given the lack of meaningful revenue growth.
According to recent filings, ZOOZ's equity base has been heavily eroded by accumulated losses totaling $113.8 million, which highlights the significant capital destruction inherent in the company's current R&D-heavy, pre-commercial business model despite the recent spike in reported equity value.
The volatility in equity, swinging from negative territory in 2025Q2 to over $119 million in 2025Q4, suggests significant external financing or restructuring activities. This instability implies that the equity value is currently more reflective of capital market maneuvers than the intrinsic value of the underlying industrial assets.
Based on the 2025Q4 balance sheet, the $91.6 million in goodwill represents nearly 75% of total assets, creating a non-obvious risk where future impairment charges could severely impair the company's net worth if the acquired assets fail to deliver the anticipated commercial synergies.
This concentration of intangible assets is particularly concerning given the company's history of negative gross margins and revenue contraction. It appears that the balance sheet is being supported by accounting entries that may not translate into tangible, cash-generating industrial value.
Quick answers to the most common questions about buying ZOOZ stock.
As of 2025, ZOOZ Strategy Ltd. (ZOOZ) had total assets of $122.6M including $28.9M in current assets.
ZOOZ Strategy Ltd. (ZOOZ) carries total debt of $0.7M, offset by $27.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ZOOZ Strategy Ltd. (ZOOZ) has total shareholders' equity (book value) of $119.2M ($22.99 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ZOOZ Strategy Ltd. (ZOOZ) reported a current ratio of 9.85x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.