Tenon Medical, Inc. (TNON) 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 | 7.62M | 6.77M | 6.54M | 9.88M | 11.99M | 8.21M | 11.19M | 4.09M | 5.95M | 3.89M | 4.96M | 7.93M | 5.84M | 9.35M | 13.66M | 16.86M | 5.42M | 7.67M | 9.47M | 7.02M |
| Cash & Short-Term Investments | 4.61M | 3.76M | 3.44M | 7.85M | 10.31M | 6.54M | 9.16M | 1.97M | 4.39M | 2.43M | 3.37M | 6.34M | 4.92M | 8.57M | 12.53M | 16.02M | 4.68M | 7.32M | 9.27M | 6.91M |
| Cash Only | 4.61M | 3.76M | 3.44M | 7.85M | 10.31M | 6.54M | 9.16M | 1.97M | 4.39M | 2.43M | 3.37M | 5.85M | 3.18M | 2.13M | 3.15M | 7.88M | 4.68M | 2.92M | 1.41M | 6.91M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 493K | 1.74M | 6.44M | 9.38M | 8.14M | 0 | 4.4M | 7.86M | 0 |
| Accounts Receivable | 1.97M | 1.7M | 1.31M | 770K | 886K | 863K | 876K | 679K | 571K | 526K | 773K | 601K | 316K | 241K | 150K | 75K | 64K | 76K | 74.1K | 13.62K |
| Days Sales Outstanding | 119.66 | 92.28 | 81.61 | 133.6 | 108.41 | 103.89 | 80.64 | 63.12 | 69.42 | 73.95 | 66.95 | 56.16 | 57.89 | 64.93 | 49.76 | 46.85 | 88.73 | 130.77 | 57.64 | 56.34 |
| Inventory | 806K | 1.05M | 1.36M | 688K | 607K | 606K | 607K | 609K | 632K | 554K | 474K | 570K | 416K | 415K | 810K | 628K | 602K | 188K | 22.43K | 22.75K |
| Days Inventory Outstanding | 192.86 | 222.46 | 235.98 | 184.71 | 135.45 | 133.81 | 119.27 | 131.01 | 216.72 | 118.22 | 117.42 | 81.72 | 77.91 | 116.43 | 219.03 | 206.51 | 129.27 | 577.14 | 115.45 | 230.02 |
| Other Current Assets | 0 | 0 | 428K | 580K | 186K | 206K | 0 | 831K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 5.22M | 3.99M | 3.82M | 1.23M | 1.4M | 1.63M | 1.85M | 1.92M | 2.07M | 2.46M | 2.35M | 1.93M | 1.79M | 1.74M | 1.27M | 1.27M | 1.72M | 1.6M | 1.49M | 1.43M |
| Property, Plant & Equipment | 2.29M | 1.05M | 863K | 1.11M | 1.03M | 1.15M | 1.37M | 1.43M | 1.58M | 1.61M | 1.66M | 1.71M | 1.67M | 1.67M | 1.22M | 1.22M | 1.25M | 1.19M | 1.15M | 1.18M |
| Fixed Asset Turnover | 0.83x | 1.57x | 1.19x | 0.53x | 0.67x | 0.61x | 0.63x | 0.60x | 0.45x | 0.49x | 0.56x | 0.44x | 0.26x | 0.19x | 0.17x | 0.11x | 0.06x | 0.05x | 0.06x | 0.02x |
| Goodwill | 2.41M | 2.41M | 2.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 470K | 485K | 500K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 51K | 51K | 51K | 120K | 372K | 482K | 482K | 490K | 490K | 849K | 695K | 219K | 118K | 76K | 51K | 51K | 469K | 415K | 336.14K | 248.75K |
| Total Assets | 12.84M | 10.76M | 10.37M | 11.11M | 13.39M | 9.84M | 13.04M | 6.01M | 8.02M | 6.34M | 7.32M | 9.86M | 7.63M | 11.09M | 14.94M | 18.13M | 7.14M | 9.27M | 10.95M | 8.45M |
| Asset Turnover | 0.12x | 0.14x | 0.11x | 0.05x | 0.06x | 0.07x | 0.09x | 0.13x | 0.10x | 0.12x | 0.11x | 0.08x | 0.05x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.00x |
| Asset Growth % | -4.15% | 9.32% | -20.5% | 85.05% | 67.01% | 55.13% | 78.18% | -39.06% | 5.13% | -42.78% | -51.01% | -45.65% | 6.77% | 19.6% | 36.37% | 114.53% | - | 2271.96% | - | - |
| Total Current Liabilities | 7.41M | 3.21M | 3.04M | 2.56M | 2.19M | 1.87M | 3.18M | 3.4M | 2.26M | 3.14M | 3.08M | 6.87M | 2.75M | 2.53M | 1.27M | 2.24M | 15.4M | 15.27M | 14.66M | 10.32M |
| Accounts Payable | 646K | 845K | 625K | 894K | 496K | 369K | 1.09M | 1.11M | 266K | 433K | 763K | 912K | 928K | 550K | 422K | 345K | 425K | 478K | 274.77K | 337.87K |
| Days Payables Outstanding | 154.6 | 135.24 | 174.69 | 198.26 | 96.59 | 161.28 | 216.17 | 145.37 | 127.73 | 137.54 | 188.39 | 152.5 | 138.56 | 92.38 | 116.83 | 129.28 | 147.76 | 2.06K | 1.57K | 3.42K |
| Short-Term Debt | 3.69M | 141K | 216K | 0 | 0 | 0 | 0 | 0 | 0 | 1.17M | 0 | 0 | 0 | 228K | 241K | 0 | 13.78M | 13.51M | 13.48M | 9.15M |
| 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 | 3.07M | 2.23M | 832K | 0 | 548K | 0 | 0 | 531K | 422K | 474K | 306K | 3.16M | 321K | 1.3M | 264K | 1.44M | 752K | 846K | 249.5K | 0 |
| Current Ratio | 1.03x | 2.11x | 2.15x | 3.86x | 5.46x | 4.39x | 3.52x | 1.20x | 2.63x | 1.24x | 1.61x | 1.15x | 2.12x | 3.69x | 10.79x | 7.54x | 0.35x | 0.50x | 0.65x | 0.68x |
| Quick Ratio | 0.92x | 1.78x | 1.70x | 3.59x | 5.19x | 4.07x | 3.33x | 1.02x | 2.35x | 1.06x | 1.46x | 1.07x | 1.97x | 3.53x | 10.15x | 7.26x | 0.31x | 0.49x | 0.64x | 0.68x |
| Cash Conversion Cycle | 157.92 | 179.49 | 142.9 | 120.05 | 147.27 | 76.42 | -16.26 | 48.77 | 158.41 | 54.63 | -4.01 | -14.62 | -2.77 | 88.98 | 151.96 | 124.08 | 70.24 | -1.36K | -1.39K | -3.13K |
| Total Non-Current Liabilities | 3.54M | 2.51M | 2.53M | 1.84M | 1.82M | 2M | 1.67M | 1.77M | 2.13M | 2.43M | 1.72M | 2.09M | 2.4M | 2.31M | 724K | 782K | 14.48M | 14.55M | 946.94K | 999.37K |
| Long-Term Debt | 1.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 65K | 141K | 216K | 290K | 360K | 428K | 494K | 560K | 622K | 683K | 724K | 782K | 839K | 911K | 946.94K | 999.37K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.35M | 2.51M | 2.53M | 1.84M | 1.76M | 1.86M | 1.45M | 1.48M | 1.77M | 2M | 1.22M | 1.53M | 1.78M | 1.62M | 0 | 0 | 13.64M | 13.64M | 0 | 0 |
| Total Liabilities | 10.94M | 5.72M | 5.57M | 4.4M | 4.02M | 3.87M | 4.85M | 5.17M | 4.4M | 5.57M | 4.8M | 8.95M | 5.16M | 4.84M | 1.99M | 3.02M | 29.88M | 29.82M | 15.6M | 11.32M |
| Total Debt | 4.88M | 141K | 216K | 290K | 360K | 428K | 495K | 561K | 623K | 1.86M | 743K | 802K | 857K | 911K | 965K | 1.02M | 14.85M | 14.62M | 14.43M | 10.32M |
| Net Debt | 270K | -3.62M | -3.23M | -7.56M | -9.95M | -6.11M | -8.67M | -1.41M | -3.77M | -571K | -2.63M | -5.05M | -2.32M | -1.22M | -2.19M | -6.86M | 10.17M | 11.7M | 13.02M | 3.41M |
| Debt / Equity | 2.57x | 0.03x | 0.05x | 0.04x | 0.04x | 0.07x | 0.06x | 0.67x | 0.17x | 2.39x | 0.30x | 0.89x | 0.35x | 0.15x | 0.07x | 0.07x | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -18.64x | - | - | - | - | - | - | - | -104.18x | - | -832.00x | - | - | - | - | -61.36x | -7.59x | -9.12x | -7.85x | -26.02x |
| Total Equity | 1.9M | 5.04M | 4.8M | 6.71M | 9.38M | 5.97M | 8.19M | 832K | 3.62M | 778K | 2.52M | 903K | 2.47M | 6.25M | 12.95M | 15.11M | -22.74M | -20.55M | -4.65M | -2.87M |
| Equity Growth % | -79.79% | -15.59% | -41.42% | 706.85% | 158.72% | 667.48% | 225.43% | -7.86% | 46.48% | -87.56% | -80.56% | -94.03% | 110.88% | 130.42% | 378.38% | 626.81% | -1482.27% | -1330.28% | - | - |
| Book Value per Share | 0.17 | 0.46 | 0.58 | 0.88 | 2.61 | 4.92 | 9.34 | 1.78 | 10.16 | 2.45 | 8.83 | 5.54 | 17.61 | 44.51 | 92.15 | 143.56 | -1837.25 | -1630.85 | -404.84 | -276.51 |
| Total Shareholders' Equity | 1.9M | 5.04M | 4.8M | 6.71M | 9.38M | 5.97M | 8.19M | 832K | 3.62M | 778K | 2.52M | 903K | 2.47M | 6.25M | 12.95M | 15.11M | -22.74M | -20.55M | -6.32M | -4.56M |
| Common Stock | 11K | 11K | 9K | 8K | 8K | 3K | 3K | 4K | 4K | 3K | 2K | 22K | 11K | 11K | 11K | 11K | 1K | 1K | 1.89K | 1.77K |
| Retained Earnings | -84.78M | -81.3M | -78.47M | -75.13M | -72.36M | -68.75M | -65.66M | -62.48M | -58.65M | -55.07M | -51.94M | -48.61M | -44.32M | -39.49M | -31.59M | -28.42M | -22.93M | -20.57M | -8.69M | -6.35M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -46K | -102K | -72K | -88K | -100K | -168K | -139K | -91K | -91K | -55.63K | -56.52K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.67M | 1.7M |