GH Research PLC (GHRS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 272.23M | 285.98M | 294.79M | 293.88M | 294.67M | 154.22M | 154.95M | 152.91M | 160.48M | 164.09M | 164.04M | 166.4M | 164.72M | 168.54M | 260.04M | 266.23M | 273.46M | 279.84M | 285.56M | 292.79M |
| Cash & Short-Term Investments | 267.32M | 280.71M | 288.51M | 291.54M | 291.35M | 149.32M | 150.04M | 151.31M | 157.86M | 161.56M | 161.28M | 165.38M | 162.82M | 165.96M | 256.94M | 265.38M | 270.75M | 276.78M | 280.75M | 292.63M |
| Cash Only | 242.65M | 246.25M | 249.65M | 253.87M | 244.95M | 100.79M | 90.06M | 87.13M | 77.48M | 78.42M | 86.44M | 96.89M | 105.08M | 165.96M | 256.94M | 265.38M | 270.75M | 276.78M | 280.75M | 292.63M |
| Short-Term Investments | 24.67M | 34.46M | 38.85M | 37.66M | 46.39M | 48.53M | 59.98M | 64.18M | 80.38M | 83.14M | 74.84M | 68.49M | 57.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 1.29M | 0 | 0 | 0 | 1.73M | 0 | 0 | 0 | 178K | 0 | 0 | 0 | 90K | 0 | 0 | 0 | 48K | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -90K | 0 | 0 | 0 | 3.01M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 4.91M | 0 | 6.28M | 2.35M | 3.32M | 0 | 4.91M | 1.6M | 2.62M | 119K | 2.77M | 1.01M | 1.9M | 47K | 3.1M | 856K | 2.71M | 10K | 4.82M | 164K |
| Total Non-Current Assets | 3.04M | 2.25M | 7.23M | 19.55M | 25.79M | 34.05M | 44.66M | 54.06M | 57.11M | 62.21M | 68.53M | 73.87M | 84.54M | 85.82M | 84K | 86K | 81K | 82K | 73K | 30K |
| Property, Plant & Equipment | 580K | 620K | 692K | 739K | 705K | 748K | 859K | 896K | 975K | 1.07M | 1.08M | 1.18M | 1.22M | 97K | 84K | 86K | 81K | 82K | 73K | 30K |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 5.38M | 17.15M | 23.99M | 33.3M | 43.81M | 53.17M | 56.13M | 61.14M | 67.45M | 72.7M | 83.32M | 85.72M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.46M | 1.63M | 1.16M | 1.66M | 1.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 275.27M | 288.23M | 302.02M | 313.43M | 320.45M | 188.27M | 199.61M | 206.98M | 217.58M | 226.3M | 232.57M | 240.27M | 249.26M | 254.36M | 260.12M | 266.32M | 273.54M | 279.92M | 285.63M | 292.82M |
| Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Asset Growth % | -14.1% | 53.09% | 51.31% | 51.43% | 47.28% | -16.8% | -14.17% | -13.86% | -12.71% | -11.03% | -10.59% | -9.78% | -8.88% | -9.13% | -8.93% | -9.05% | 4823.4% | 4634.84% | - | - |
| Total Current Liabilities | 11.81M | 8.38M | 10.41M | 9.97M | 9.92M | 8.95M | 9.79M | 7.8M | 7.28M | 6.7M | 6.13M | 6.56M | 6.64M | 4.55M | 3.38M | 3.1M | 4.07M | 2.75M | 2.03M | 4.59M |
| Accounts Payable | 0 | 0 | 3.84M | 3.45M | 4.77M | 0 | 2.95M | 2.57M | 3.55M | 3.49M | 2.71M | 2.91M | 2.93M | 1.87M | 1.75M | 1.71M | 1.54M | 883K | 1.21M | 1M |
| Days Payables Outstanding | - | - | 3.76K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 357K | 365K | 0 | 0 | 0 | 255K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 11.46M | 8.02M | 6.21M | 6.16M | 4.81M | 8.7M | 6.57M | 4.97M | 3.38M | 203K | 3.17M | 3.38M | 3.38M | 312K | 1.64M | 1.39M | 2.52M | 168K | -1.21M | -1M |
| Current Ratio | 23.04x | 34.13x | 28.32x | 29.49x | 29.71x | 17.23x | 15.83x | 19.60x | 22.06x | 24.49x | 26.74x | 25.38x | 24.81x | 37.07x | 76.82x | 86.02x | 67.26x | 101.80x | 140.46x | 63.76x |
| Quick Ratio | 23.04x | 34.13x | 28.32x | 29.49x | 29.71x | 17.23x | 15.83x | 19.60x | 22.06x | 24.49x | 26.74x | 25.38x | 24.81x | 37.09x | 76.82x | 86.02x | 67.26x | 100.70x | 140.46x | 63.76x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 75K | 147K | 217K | 283K | 322K | 369K | 458K | 497K | 561K | 631K | 661K | 732K | 791K | 1.87M | 1.75M | 1.71M | 1.54M | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 75K | 147K | 217K | 283K | 322K | 369K | 458K | 497K | 561K | 631K | 661K | 732K | 791K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 11.89M | 8.53M | 10.63M | 10.25M | 10.24M | 9.32M | 10.24M | 8.3M | 7.84M | 7.33M | 6.79M | 7.29M | 7.43M | 4.55M | 3.38M | 3.1M | 4.07M | 2.75M | 2.03M | 4.59M |
| Total Debt | 432K | 512K | 582K | 647K | 658K | 624K | 733K | 760K | 897K | 974K | 921K | 999K | 1.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -242.22M | -245.74M | -249.07M | -253.23M | -244.3M | -100.17M | -89.33M | -86.37M | -76.59M | -77.45M | -85.52M | -95.9M | -103.96M | -165.96M | -256.94M | -265.38M | -270.75M | -276.78M | -280.75M | -292.63M |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -223.19x | -185.55x | -666.62x | -53.33x | -60.69x | -49.12x | -66.86x | -58.24x | -42.75x | -59.57x | -30.61x | -43.09x | -62.96x | - | - | - | - | - | -611.33x | -353.17x |
| Total Equity | 263.38M | 279.7M | 291.4M | 303.18M | 310.21M | 178.95M | 189.37M | 198.68M | 209.75M | 218.97M | 225.77M | 232.98M | 241.83M | 249.82M | 256.74M | 263.22M | 269.48M | 277.18M | 283.6M | 288.23M |
| Equity Growth % | -15.1% | 56.3% | 53.88% | 52.6% | 47.9% | -18.28% | -16.13% | -14.72% | -13.27% | -12.35% | -12.06% | -11.49% | -10.26% | -9.87% | -9.47% | -8.67% | 6145.14% | 4791.9% | - | - |
| Book Value per Share | 4.25 | 4.51 | 4.70 | 4.89 | 5.35 | 3.44 | 3.64 | 3.82 | 4.03 | 4.21 | 4.34 | 4.48 | 4.65 | 4.80 | 4.94 | 5.06 | 5.18 | 5.33 | 5.45 | 7.19 |
| Total Shareholders' Equity | 263.38M | 279.7M | 291.4M | 303.18M | 310.21M | 178.95M | 189.37M | 198.68M | 209.75M | 218.97M | 225.77M | 232.98M | 241.83M | 249.82M | 256.74M | 263.22M | 269.48M | 277.18M | 283.6M | 288.23M |
| Common Stock | 1.55M | 1.55M | 1.55M | 1.55M | 1.55M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M |
| Retained Earnings | -173.23M | -154.43M | -140.29M | -126.27M | -117.04M | -106.45M | -97.64M | -85.56M | -75.51M | -67.94M | -56.67M | -51.16M | -43.43M | -32.49M | -15.91M | -15.47M | -15.8M | -10.04M | -5.95M | -4.11M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.92M | 1.52M | -927K | -3.17M | -5.36M | -7.37M | -5.75M | -8.53M | -7.5M | -5.86M | -10.31M | -8.61M | -7.49M | -10.44M | -20.1M | -14.06M | -7.47M | -5.54M | -3.2M | -476K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |