The company's financial position has deteriorated significantly, with total assets contracting from $8.7 million in 2023Q4 to $5.1 million by 2025Q4, while accumulated retained earnings reached a deficit of $40.2 million.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Oct'14 | Oct'13 |
|---|
| Total Current Assets | 2.18M | 2.43M | 2.85M | 3.65M | 5.29M | 6.81M | 1.61M | 1.8M | 3.18M | 1.85M | 5.32M | 5.82M | 1.12M | 61.2K |
| Cash & Short-Term Investments | 540.91K | 636.66K | 1.12M | 2.22M | 3.91M | 5.33M | 913.79K | 1.09M | 2.03M | 1.16M | 1.02M | 1.59M | 623.37K | 61.2K |
| Cash Only | 540.91K | 636.66K | 1.12M | 2.22M | 3.91M | 5.33M | 913.79K | 1.09M | 2.03M | 1.16M | 1.02M | 1.59M | 623.37K | 61.2K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 10.33K | 8.8K | 1.05M | 795.8K | 435.31K | 1.2M | 253.81K | 283.15K | 188.05K | 345.73K | 299.45K | 255.73K | 82.96K | 0 |
| Days Sales Outstanding | 101.26 | 1.55 | 109.48 | 83.52 | 43.25 | 148.67 | 41.09 | 23.04 | 16.29 | 32.22 | 39.37 | 31.68 | 52.54 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.75M | 3.75M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | 1.31K | 738.13 | - | - |
| Other Current Assets | 1.63M | 1.79M | 681.24K | 627.32K | 941.64K | 136.16K | 254.21K | 237.63K | 564.05K | 74.99K | 160.17K | 0 | 0 | 0 |
| Total Non-Current Assets | 19.7M | 2.66M | 3.62M | 5.01M | 10.35M | 15.9M | 13.18M | 7.09M | 6.89M | 9.16M | 3.11M | 3.24M | 1.19M | 0 |
| Property, Plant & Equipment | 1.44M | 1.39M | 2.27M | 2.55M | 2.53M | 2.96M | 2.97M | 3.34M | 3M | 3.27M | 38.53K | 48.47K | 46.19K | 0 |
| Fixed Asset Turnover | 1.15x | 1.49x | 1.54x | 1.36x | 1.45x | 1.00x | 0.76x | 1.34x | 1.41x | 1.20x | 72.06x | 60.78x | 12.48x | - |
| Goodwill | 0 | 0 | 6.04K | 82.56K | 82.56K | 345.81K | 319.73K | 319.73K | 319.73K | 1.21M | 1.47M | 1.4M | 0 | 0 |
| Intangible Assets | 366 | 437 | 709 | 1.18K | 1.9K | 2.63K | 3.36K | 91.01K | 57.14K | 251.66K | 472.32K | 664K | 3.43K | 0 |
| Long-Term Investments | 18.37M | 0 | 12.07K | 2.36M | 5.41M | 9.62M | 6.47M | 145.14K | 163.73K | 130.46K | 52.2K | 62.77K | 55.41K | 0 |
| Other Non-Current Assets | 1.26M | 1.26M | 1.33M | 16.29K | 2.33M | 2.25M | 3.43M | 2.4M | 2.53M | 3.43M | 56.06K | 36.83K | 16.55K | 0 |
| Total Assets | 21.89M | 5.09M | 6.47M | 8.66M | 15.64M | 22.71M | 14.8M | 8.88M | 10.06M | 11.01M | 8.43M | 9.07M | 2.31M | 61.2K |
| Asset Turnover | 0.21x | 0.41x | 0.54x | 0.40x | 0.23x | 0.13x | 0.15x | 0.50x | 0.42x | 0.36x | 0.33x | 0.32x | 0.25x | - |
| Asset Growth % | 212.95% | -21.36% | -25.23% | -44.64% | -31.14% | 53.49% | 66.54% | -11.72% | -8.63% | 30.66% | -7.04% | 292.38% | 3675.99% | - |
| Total Current Liabilities | 2.18M | 1.49M | 1.27M | 2.29M | 3.06M | 3.65M | 5.02M | 3.88M | 3.72M | 3.92M | 1.78M | 2.91M | 1.1M | 82.5K |
| Accounts Payable | 1.17M | 1.17M | 975.21K | 724.8K | 758.91K | 787.6K | 702.73K | 757.81K | 575.59K | 768.99K | 241.79K | 0 | 108.82K | 0 |
| Days Payables Outstanding | 878.06 | 1.04K | 834.7 | 462.84 | 270.64 | 608.17 | 427.91 | 200.9 | 100.95 | 188.66 | 84.35 | - | 132.17 | - |
| Short-Term Debt | 0 | 24.33K | 0 | 98.15K | 0 | 0 | 301.08K | 531.49K | 147.42K | 928.15K | 13.04K | 13.61K | 15.07K | 82.5K |
| Deferred Revenue (Current) | 1.74M | 201.53K | 213K | 1.08M | 1.83M | 2.01M | 1.63M | 1.2M | 1.82M | 345K | 4.26K | 229.73K | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 57.5K | 389.27K | 1 | 767.22K | 1.19M | 1.04M | 1.1M | 1.81M | 1.51M | 2.66M | 0 | -82.5K |
| Current Ratio | 1.00x | 1.63x | 2.25x | 1.59x | 1.73x | 1.86x | 0.32x | 0.46x | 0.85x | 0.47x | 2.99x | 2.00x | 1.02x | 0.74x |
| Quick Ratio | 1.00x | 1.63x | 2.25x | 1.59x | 1.73x | 1.86x | 0.32x | 0.46x | 0.85x | 0.47x | 0.88x | 0.71x | 1.02x | 0.74x |
| Cash Conversion Cycle | -776.8 | - | - | - | - | - | - | - | - | - | 1.26K | - | - | - |
| Total Non-Current Liabilities | 5.69K | 6.83K | 10.23K | 33.46K | 0 | 18.76K | 1.38M | 1.65M | 1.62M | 1.84M | 554.13K | 592.32K | 742.77K | 82.5K |
| Long-Term Debt | 0 | 6.83K | 0 | 0 | 0 | 0 | 1.38M | 1.46M | 1.62M | 1.84M | 554.13K | 592.32K | 742.77K | 0 |
| Capital Lease Obligations | 28.96K | 0 | 10.23K | 33.46K | 0 | 18.76K | 0 | 192.78K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 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 |
| Total Liabilities | 2.19M | 1.5M | 1.28M | 2.32M | 3.06M | 3.67M | 6.4M | 5.53M | 5.33M | 5.77M | 2.34M | 3.5M | 1.84M | 82.5K |
| Total Debt | 82.47K | 31.16K | 33.93K | 131.62K | 18.73K | 108.4K | 1.77M | 2.5M | 1.76M | 2.77M | 567.17K | 605.93K | 757.84K | 82.5K |
| Net Debt | -458.44K | -605.49K | -1.09M | -2.09M | -3.89M | -5.22M | 851.26K | 1.41M | -262.14K | 1.61M | -454.18K | -981.93K | 134.47K | 21.3K |
| Debt / Equity | 0.00x | 0.01x | 0.01x | 0.02x | 0.00x | 0.01x | 0.21x | 0.75x | 0.37x | 0.53x | 0.09x | 0.11x | 1.61x | - |
| Debt / EBITDA | -0.04x | - | - | - | - | - | - | - | - | - | 20.38x | - | - | - |
| Net Debt / EBITDA | 0.21x | - | - | - | - | - | - | - | - | - | -16.32x | - | - | - |
| Interest Coverage | -227350.62x | -3362.64x | -673.19x | 1450.28x | - | -0.11x | -2.28x | -12.27x | -56.56x | -55.13x | 0.52x | -6.22x | -2.32x | - |
| Total Equity | 19.7M | 3.59M | 5.19M | 6.34M | 12.58M | 19.04M | 8.4M | 3.35M | 4.73M | 5.25M | 6.09M | 5.56M | 470.35K | -21.3K |
| Equity Growth % | 283.93% | -30.87% | -18.03% | -49.62% | -33.93% | 126.77% | 150.33% | -29.09% | -9.87% | -13.88% | 9.51% | 1082.97% | 2308.72% | - |
| Book Value per Share | 2.26 | 0.45 | 0.69 | 0.82 | 1.60 | 2.75 | 1.46 | 0.61 | 0.88 | 0.99 | 1.17 | 1.19 | 0.21 | -0.01 |
| Total Shareholders' Equity | 19.67M | 3.55M | 5.16M | 6.05M | 12.26M | 18.81M | 8.19M | 3.17M | 4.5M | 5.16M | 5.94M | 5.43M | 470.35K | -21.3K |
| Common Stock | 17.13K | 8.63K | 7.58K | 7.58K | 7.88K | 7.87K | 6.18K | 5.47K | 5.47K | 5.32K | 5.24K | 5.2K | 4.47K | 1K |
| Retained Earnings | -41.16M | -40.25M | -37.26M | -36.55M | -37.62M | -31.27M | -16.92M | -13.16M | -11.82M | -3.27M | -790.25K | -567.93K | -231.51K | -22.3K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -168.77K | -192.23K | -336.12K | -310.17K | -224.89K | -26.86K | -26.86K | -95.17K | -66.28K | -40.2K | 102.9K | 74.5K | -9.54K | 0 |
| Minority Interest | 37.38K | 37.38K | 37.38K | 291.3K | 315.18K | 226.5K | 203K | 186.69K | 230.12K | 83.28K | 148.23K | 136.98K | 0 | 0 |
Liquidity and going concern
According to historical balance sheet data, GRNQ's total assets have plummeted from $8.7 million in 2023Q4 to $5.1 million by 2025Q4, reflecting a significant contraction in the firm's resource base as the company struggles to maintain its operational footprint amidst persistent revenue declines.
The rapid reduction in total assets suggests that the company is liquidating or failing to replace its underlying resource base, which may indicate a shrinking business model. Investors should monitor whether this trend reflects a strategic downsizing or an involuntary erosion of the firm's capacity to generate future advisory mandates.
As reported in recent financial statements, the company's cash position has dwindled to $636,659 as of 2025Q4, a substantial decrease from the $2.2 million held in 2023Q4, which severely limits the firm's buffer against ongoing operating losses and potential market volatility.
The current ratio of 1.63 provides a superficial appearance of stability, but the absolute cash balance is insufficient to support sustained negative operating margins. This liquidity profile suggests that the company may soon face an urgent requirement for external capital to avoid a potential going concern event.
Based on the company's reported figures, accumulated retained earnings have deteriorated to a deficit of $40.2 million by 2025Q4, illustrating a long-term trend of value destruction that has significantly eroded the equity base from $6.0 million in 2023Q4 to $3.6 million.
The consistent deepening of the retained earnings deficit confirms that the company has been unable to achieve profitability, effectively consuming shareholder capital to fund its operations. This trend warrants further investigation into whether the current equity structure can support the business without further dilutive financing.
Analysis of the balance sheet reveals that the company's asset mix is heavily weighted toward non-liquid items, with net PPE and other holdings potentially masking the lack of high-quality, cash-equivalent assets necessary to sustain the business through periods of low transaction volume.
The volatility in asset valuations, particularly regarding equity securities held in client companies, suggests that the balance sheet may be more sensitive to market fluctuations than the headline figures imply. Investors should be cautious, as these illiquid investments may not be readily convertible to cash to meet short-term obligations.
Quick answers to the most common questions about buying GRNQ stock.
As of 2025, Greenpro Capital Corp. (GRNQ) had total assets of $5.1M including $2.4M in current assets.
Greenpro Capital Corp. (GRNQ) carries total debt of $0.0M, offset by $0.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Greenpro Capital Corp. (GRNQ) has total shareholders' equity (book value) of $3.6M ($0.45 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Greenpro Capital Corp. (GRNQ) reported a current ratio of 1.63x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.