111, Inc. balance sheet

At the end of fiscal 2025, 111, Inc. had total assets of $315m, total liabilities of $284m and shareholders' equity of −$100m. It held $73.1m in cash against $26.8m of debt: net cash of $46.2m.

Balance sheet

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

111, Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	54	26	124	83	182	104	98	85	63	73
Receivables	4	3	4	9	25	63	71	76	57	37
Inventory	—	22	31	70	117	176	217	200	190	143
Total current assets	—	112	219	213	440	440	469	413	363	304
Total assets	—	117	234	231	464	494	504	435	382	315
Accounts payable	—	20	31	64	164	211	256	224	236	183
Deferred revenue (current)	1	2	2	9	18	28	43	18	21	16
Total current liabilities	—	31	46	111	250	334	395	387	321	279
Short-term debt	—	—	—	14	35	41	26	48	22	27
Total debt	0	0	—	14	35	41	26	48	22	27
Total liabilities	—	31	56	120	260	360	410	396	330	284
Shareholders' equity	−99	−145	178	112	55	−27	−60	−82	−88	−100
Non-controlling interests and other (assets − liabilities − equity)	—	232	—	—	149	160	154	121	140	131
Net debt (negative = net cash)	−54	−26	−124	−70	−147	−63	−72	−37	−41	−46

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 111, Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to 111, Inc.