Sol-gel Technologies Ltd. balance sheet

At the end of fiscal 2025, Sol-gel Technologies Ltd. had total assets of $29.9m, total liabilities of $7.1m and shareholders' equity of $22.8m. It held $11.0m in cash against $0 of debt: net cash of $11.0m.

Balance sheet

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

Sol-gel Technologies Ltd.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	5	5	9	7	20	12	8	19	11
Receivables	—	—	4	2	13	0	0	4	2
Total current assets	11	66	56	53	57	43	41	31	27
Total assets	15	70	61	59	69	47	45	36	30
Accounts payable	1	3	2	1	1	—	—	—	—
Total current liabilities	67	5	7	6	12	3	5	5	6
Short-term debt	65	—	—	—	—	—	—	—	—
Total debt	65	0	0	0	0	0	0	0	0
Total liabilities	68	6	9	8	14	4	7	7	7
Shareholders' equity	−53	64	52	51	56	42	39	29	23
Net debt (negative = net cash)	60	−5	−9	−7	−20	−12	−8	−19	−11
Shares outstanding	—	—	—	—	—	—	—	3m	3m

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 Sol-gel Technologies Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Sol-gel Technologies Ltd.