The company maintains an asset-light profile with only $6.0K in net PPE as of 2026Q1, while total liabilities of $5.0M against a depleting cash buffer of $4.2M highlight a precarious liquidity position.
| Total Current Assets | 14.72M | 18.21M | 5.69M | 16.76M | 10M | 22.2M | 9.37M | 9.66M | 3.75M | 2.6M | 2.91M |
| Cash & Short-Term Investments | 11.35M | 14.39M | 1.31M | 7.61M | 2.48M | 14.53M | 7.94M | 8.44M | 2.77M | 1.71M | 2.87M |
| Cash Only | 4.23M | 14.39M | 1.31M | 7.61M | 2.48M | 14.53M | 7.94M | 8.44M | 2.77M | 1.71M | 2.87M |
| Short-Term Investments | 7.12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.63M | 2.45M | 3.77M | 8.29M | 6.13M | 6.33M | 588K | 293K | 488K | 113.7K | 0 |
| Days Sales Outstanding | 73.25 | 78.94 | 84.95 | 120.61 | 113.78 | 197.89 | 103.98 | 98.66 | 170.23 | 206.29 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 741K | 1.37M | 224K | 282K | 374K | 144K | 176K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 4.78M | 3.74M | 6.02M | 8.57M | 20.21M | 74.61M | 4.61M | 4.79M | 1.24M | 1.48M | 2.28M |
| Property, Plant & Equipment | 6K | 8K | 24K | 70K | 147K | 104K | 138K | 239K | 531.37K | 1.14M | 1.8M |
| Fixed Asset Turnover | 1192.51x | 1417.75x | 674.25x | 358.27x | 133.86x | 112.23x | 14.96x | 4.54x | 1.97x | 0.18x | 0.15x |
| Goodwill | 1.86M | 1.86M | 1.86M | 1.86M | 0 | 50.26M | 2.56M | 2.56M | 0 | 0 | 0 |
| Intangible Assets | 1.62M | 0 | 4.07M | 6.64M | 20.07M | 24.24M | 1.91M | 1.98M | 706.82K | 341K | 475K |
| Long-Term Investments | 402K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 888K | 1.87M | 64K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 19.5M | 21.95M | 11.71M | 25.33M | 30.21M | 96.81M | 13.98M | 14.45M | 4.99M | 4.08M | 5.19M |
| Asset Turnover | 0.79x | 0.52x | 1.38x | 0.99x | 0.65x | 0.12x | 0.15x | 0.08x | 0.21x | 0.05x | 0.05x |
| Asset Growth % | 110.87% | 87.45% | -53.76% | -16.16% | -68.79% | 592.6% | -3.25% | 189.68% | 22.17% | -21.36% | - |
| Total Current Liabilities | 4.81M | 4.18M | 10.45M | 13.37M | 10.69M | 5.59M | 1.83M | 1M | 11.78M | 383.81K | 449.22K |
| Accounts Payable | 4.34M | 3.61M | 5.28M | 10.42M | 6.7M | 5.51M | 1.83M | 853K | 813K | 383.81K | 449.22K |
| Days Payables Outstanding | 208.05 | 147.8 | 191.26 | 248.63 | 218.99 | 307.41 | 779.89 | 606.91 | 433.77 | 94.15 | 112.27 |
| Short-Term Debt | 0 | 0 | 4.97M | 800K | 679K | 0 | 0 | 0 | 10.92M | 0 | 0 |
| Deferred Revenue (Current) | 2.89M | 566K | 50K | 339K | 111K | 0 | 0 | 151K | 45K | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 76K | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 3.06x | 4.36x | 0.54x | 1.25x | 0.93x | 3.97x | 5.12x | 9.62x | 0.32x | 6.78x | 6.48x |
| Quick Ratio | 3.06x | 4.36x | 0.54x | 1.25x | 0.93x | 3.97x | 5.12x | 9.62x | 0.32x | 6.78x | 6.48x |
| Cash Conversion Cycle | -134.8 | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 151K | 155K | 1.1M | 1.97M | 313K | 518K | 1.21M | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 1.21M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 616K | 147K | 161K | 0 | 313K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4K | 8K | 935K | 1.97M | 0 | 518K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.96M | 4.33M | 11.54M | 15.34M | 11.01M | 6.11M | 3.04M | 1M | 11.78M | 383.81K | 449.22K |
| Total Debt | 0 | 0 | 4.97M | 800K | 679K | 0 | 1.21M | 0 | 10.92M | 0 | 0 |
| Net Debt | -4.23M | -14.39M | 3.67M | -6.81M | -1.8M | -14.53M | -6.73M | -8.44M | 8.15M | -1.71M | -2.87M |
| Debt / Equity | 0.00x | - | 29.26x | 0.08x | 0.04x | - | 0.11x | - | - | - | - |
| Debt / EBITDA | -0.00x | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.37x | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -1.76x | -1.52x | -28.47x | -611.86x | -125.15x | -4770.80x | -2340.50x | -2.09x | -3.62x | - | - |
| Total Equity | 14.54M | 17.62M | 170K | 9.99M | 19.2M | 90.7M | 10.94M | 13.44M | -6.79M | 3.7M | 4.74M |
| Equity Growth % | 10444.73% | 10262.94% | -98.3% | -47.98% | -78.83% | 729.04% | -18.62% | 297.85% | -283.72% | -22.01% | - |
| Book Value per Share | 5.97 | 428.93 | 0.23 | 42.83 | 123.93 | 728.42 | 229.71 | 408.69 | -187.89 | 102.27 | 131.13 |
| Total Shareholders' Equity | 14.54M | 17.62M | 170K | 9.99M | 19.2M | 90.7M | 10.94M | 13.44M | -6.79M | 3.7M | 4.74M |
| Common Stock | 94K | 94K | 94K | 81K | 47K | 46K | 25K | 18K | 13.83K | 13.81K | 11.17K |
| Retained Earnings | -294.27M | -290.39M | -270.04M | -249.01M | -210.74M | -125.29M | -104.54M | -85.81M | -55.13M | -34.51M | -19.55M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -49K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.87M | -2.01M | -1.02M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and dilution risk
As reported in recent financial statements, SLE's cash position fluctuated from $14.4M in 2025Q4 to $4.2M by 2026Q1, indicating that the company's liquidity buffer is rapidly depleting as it continues to fund operations through external capital rather than internal cash generation.
The current ratio of 3.06 in 2026Q1 appears deceptively healthy, as it masks the underlying reality of a company that has historically struggled to maintain positive working capital. Investors should monitor the rapid decline in cash reserves, which suggests that the company may face significant pressure to secure additional financing in the near term.
Based on the company's reported figures, retained earnings have plummeted to -$294.3M as of 2026Q1, reflecting a multi-year trend of value destruction that has consistently eroded the shareholder equity base and necessitated frequent reliance on dilutive equity financing to maintain corporate operations.
The negative trajectory of retained earnings highlights the structural inability of the current business model to achieve profitability. This persistent erosion of equity suggests that shareholders are bearing the brunt of the company's operational inefficiencies, with little evidence of a turnaround in the capital structure.
According to the provided balance sheet data, SLE's asset composition is heavily skewed away from productive capital, with net PPE of only $6.0K as of 2026Q1, confirming that the firm operates as an asset-light entity with minimal physical infrastructure to support its digital service offerings.
The reliance on intangible assets and the lack of meaningful physical property, plant, and equipment suggest that the company's value is entirely dependent on its ability to maintain third-party platform integrations. This asset-light profile leaves the firm highly vulnerable to policy shifts by platform owners, as there is little tangible value to fall back on.
Analysis of the balance sheet reveals that the company's historical reliance on debt and equity financing has created a volatile capital structure, with total liabilities of $5.0M against a backdrop of declining revenue, which warrants further investigation into the sustainability of its current financial obligations.
The historical volatility in debt levels, which peaked at $6.7M in 2025Q1, suggests that the company has been forced to utilize various financing instruments to bridge its operational gaps. This reliance on external funding sources creates a significant risk of further dilution or insolvency if the company cannot demonstrate a path to self-sustaining cash flow.
Quick answers to the most common questions about buying SLE stock.
As of 2025, Super League Enterprise, Inc. (SLE) had total assets of $22.0M including $18.2M in current assets.
Super League Enterprise, Inc. (SLE) carries total debt of $0.0M, offset by $14.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Super League Enterprise, Inc. (SLE) has total shareholders' equity (book value) of $17.6M ($428.93 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Super League Enterprise, Inc. (SLE) reported a current ratio of 4.36x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.