Xiao-i Corp balance sheet

At the end of fiscal 2025, Xiao-i Corp had total assets of $15.9m, total liabilities of $121m and shareholders' equity of −$101m. It held $2.3m in cash against $32.6m of debt: net debt of $30.3m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xiao-i Corp: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	1	1	1	2	1	2
Receivables	—	31	41	28	56	6
Inventory	—	1	1	0	0	—
Total current assets	—	36	48	38	76	12
Total assets	—	47	61	66	86	16
Accounts payable	—	6	9	14	27	39
Deferred revenue (current)	—	3	3	2	2	3
Total current liabilities	—	36	53	58	87	103
Short-term debt	—	9	19	27	33	29
Long-term debt	—	—	3	8	3	1
Total debt	0	15	31	35	35	33
Total liabilities	—	51	70	75	101	121
Shareholders' equity	−7	−0	−6	−5	−12	−101
Non-controlling interests and other (assets − liabilities − equity)	—	−3	−3	−4	−4	−4
Net debt (negative = net cash)	−1	14	30	33	35	30
Shares outstanding	—	7m	7m	8m	11m	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Xiao-i Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Xiao-i Corp.