Avax ONE Technology LTD. balance sheet
At the end of fiscal 2025, Avax ONE Technology LTD. had total assets of $195m, total liabilities of $8.0m and shareholders' equity of $187m. It held $22.1m in cash against $1.8m of debt: net cash of $20.3m.
Balance sheet
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Cash and equivalents | 4 | 0 | 22 | 11 |
| Inventory | 0 | 0 | — | — |
| Total current assets | 4 | 1 | 34 | 32 |
| Goodwill | — | 0 | 2 | 2 |
| Total assets | 17 | 11 | 195 | 123 |
| Accounts payable | 1 | 1 | 1 | 1 |
| Deferred revenue (current) | 0 | — | — | — |
| Total current liabilities | 6 | 4 | 8 | — |
| Long-term debt | 11 | 1 | — | — |
| Total debt | 11 | 1 | 2 | — |
| Total liabilities | 9 | 5 | 8 | 15 |
| Shareholders' equity | 9 | 6 | 187 | 108 |
| Net debt (negative = net cash) | 8 | 1 | −20 | −11 |
| Shares outstanding | — | — | 15m | 7m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 0 | — | — | — | — | — | — | — |
| Inventory | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Total current assets | 2 | 1 | 3 | 1 | 3 | 34 | 39 | 32 |
| Goodwill | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 |
| Total assets | 11 | 11 | 17 | 15 | 17 | 195 | 157 | 123 |
| Accounts payable | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Total current liabilities | 3 | 4 | 8 | 11 | 4 | 8 | — | — |
| Long-term debt | 2 | 1 | 10 | 9 | 2 | — | — | — |
| Total debt | 2 | 1 | 10 | 9 | 2 | — | — | — |
| Total liabilities | 4 | 5 | 10 | 11 | 4 | 8 | 14 | 15 |
| Shareholders' equity | 7 | 6 | 6 | 4 | 12 | 187 | 143 | 108 |
| Shares outstanding | 99m | 172m | 2m | — | 4m | 8m | 90m | 7m |
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