Establishment Labs Holdings Inc. balance sheet

At the end of fiscal 2025, Establishment Labs Holdings Inc. had total assets of $357m, total liabilities of $334m and shareholders' equity of $23.5m. It held $75.6m in cash against $248m of debt: net debt of $172m.

Balance sheet

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

Establishment Labs Holdings Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	11	53	38	85	53	66	40	90	76	71
Receivables	13	18	23	19	24	35	47	65	77	76
Inventory	13	25	29	23	28	37	79	79	86	85
Total current assets	39	99	96	132	113	150	175	243	250	248
Goodwill	0	0	0	0	0	0	0	1	1	1
Total assets	57	117	117	156	140	211	269	347	357	352
Accounts payable	9	6	10	10	14	20	42	45	43	33
Deferred revenue (current)	1	1	1	1	1	2	2	2	1	—
Total current liabilities	57	16	23	26	32	39	57	68	82	65
Short-term debt	—	—	—	—	—	—	—	0	—	—
Long-term debt	—	—	48	50	52	175	189	220	248	262
Total debt	0	22	48	50	52	175	189	220	248	262
Total liabilities	62	47	77	81	89	219	250	294	334	330
Shareholders' equity	−5	69	40	75	51	−8	18	53	24	22
Net debt (negative = net cash)	−11	−30	10	−35	−2	109	149	129	172	191
Shares outstanding	—	20m	21m	24m	24m	24m	26m	29m	29m	30m

US$ millions unless shown otherwise. Fiscal quarters.

Establishment Labs Holdings Inc.: balance sheet, quarterly
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	67	65	63	70	71	77	77	76
Inventory	67	79	90	95	88	86	87	85
Total current assets	183	243	232	229	240	250	246	248
Goodwill	0	1	1	1	1	1	1	1
Total assets	283	347	333	330	339	357	351	352
Accounts payable	34	45	45	56	40	43	42	33
Deferred revenue (current)	2	2	1	2	1	1	1	—
Total current liabilities	50	68	69	81	72	82	83	65
Short-term debt	—	0	—	5	10	—	—	—
Long-term debt	194	220	220	221	246	248	249	262
Total debt	194	220	220	226	256	248	249	262
Total liabilities	250	294	295	307	323	334	336	330
Shareholders' equity	33	53	39	23	16	24	15	22
Shares outstanding	28m	29m	29m	29m	29m	29m	29m	30m

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 Establishment Labs Holdings Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Establishment Labs Holdings Inc.