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AirNet Technology logo
AirNet Technology ANTE
report update icon

Quarterly report 2025-Q4
added 05-14-2026

AirNet Technology Balance Sheet 2025-2008 | ANTE

Brief overview of AirNet Technology's balance sheet structure

The review uses the five latest available annual reports between 2021 and 2025.

Total assets increased by +224.8%, from $96 million to $311.9 million. A CAGR near 34.2% points to substantial expansion.

Growth in the asset base was not matched by liabilities: +224.8% versus -99.7%. The balance sheet moved in a more conservative direction.

Equity accounts for 99.9% of assets. Against the initial -9.3%, the capital position looks resilient.

Retained earnings remain negative at -$360.5 million. This may reflect past losses or substantial shareholder distributions, so earnings and buybacks provide important context.

Conclusion

AirNet Technology's financial position is positive on balance sheet evidence. Growth in resources has not undermined capital strength.

Annual Balance Sheet AirNet Technology

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Net Debt

- - - -2.48 M - 3.32 M 2.53 M -12.8 M - -118 M -87 M -64.4 M -59.7 M -73.6 M -113 M - - -

Long Term Debt

- - - 9 K - 2.6 M 2.59 M 2.76 M - - - - - - - - - -

Long Term Debt Current

- - 6 K 10 K - 1 M 902 K - - - - - - - - - - -

Total Non Current Liabilities

- 3.63 M 8.84 M - - - 3.12 M 2.76 M 25.5 M 24.4 M 26.5 M 1.46 M 361 K 380 K 3.8 M - - -

Total Current Liabilities

331 K 78.6 M 84.4 M 102 M 105 M 114 M 114 M 113 M 75.8 M 90.2 M 107 M 125 M 111 M 104 M 87.6 M 65.7 M - -

Total Liabilities

331 K 82.2 M 93.3 M 102 M 105 M 116 M 117 M 115 M 101 M 115 M 134 M 127 M 111 M 104 M 91.4 M 70.5 M - -

Deferred Revenue

- 7.27 M 7.29 M 7.74 M 3.43 M 2.59 M 2.81 M 2 M 1.34 M 1.76 M 1.36 M 13.5 M 17.5 M 19 M 11.5 M 12.8 M - -

Retained Earnings

-361 M -332 M -319 M -318 M -305 M -286 M -294 M -262 M -172 M -15.8 M 49.9 M -111 M -84.4 M -73 M -38.1 M - - -

Total Assets

312 M 60.2 M 72.2 M 115 M 96 M 115 M 97.7 M 130 M 225 M 381 M 532 M 396 M 403 M 344 M 361 M 347 M - -

Cash and Cash Equivalents

999 K 2 K 150 K 2.5 M - 283 K 958 K 15.5 M 15.4 M 118 M 87 M 60.1 M 59.7 M 73.6 M 113 M 107 M 124 M 162 M

Book Value

312 M -22 M -21.1 M 13.4 M -8.93 M -1.36 M -19 M 14.4 M 124 M 267 M 398 M 269 M 291 M 239 M 270 M 277 M - -

Total Shareholders Equity

312 M 10.9 M 11.8 M 45.8 M -8.93 M -1.36 M -19 M 14.4 M 124 M 269 M 387 M 249 M 271 M 242 M 272 M 276 M 266 M 302 M

All numbers in USD currency

Quarterly Balance Sheet AirNet Technology

2025-Q4 2025-Q2 2024-Q4 2024-Q2 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2009-Q4 2008-Q4

Long Term Debt

- - - - - - - - - - - - - 2.6 M - - - 2.59 M - - - 2.76 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

- 3.73 M 3.63 M 3.61 M 8.84 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

331 K 83.9 M 82.2 M 85.1 M 93.3 M - - - - 105 M - - - 116 M - - - 117 M - - - 115 M - - - 101 M - - - 115 M - - - 134 M - - - 127 M - - - 111 M - - - 104 M - - - 91.4 M - - - 70.5 M - -

Deferred Revenue

- - 7.27 M 7.22 M 7.29 M - - - - 3.43 M - - - 2.59 M - - - 2.81 M - - - 2 M - - - 1.34 M - - - 1.76 M - - - 1.36 M - - - 4 M - - - 17.4 M - - - 18.6 M - - - 11.5 M - - - 12.8 M - -

Retained Earnings

-361 M -334 M -332 M -299 M -319 M - - - - -305 M - - - -286 M - - - -294 M - - - -262 M - - - -172 M - - - -15.8 M - - - 49.9 M - - - -99.1 M - - - -84.4 M - - - -73 M - - - - - - - - - -

Total Assets

312 M 66.3 M 60.2 M 96.4 M 72.2 M - - - - 96 M - - - 115 M - - - 97.7 M - - - 130 M - - - 225 M - - - 381 M - - - 532 M - - - 396 M - - - 403 M - - - 344 M - - - 361 M - - - 347 M - -

Cash and Cash Equivalents

999 K 208 K 2 K 7.13 M 150 K - - - - 1.57 M - - - 283 K - - - 958 K - - - 15.5 M - - - 15.4 M - - - 118 M - - - 87 M - - - 67.4 M - - - 59.7 M - - - 73.6 M - - - 113 M - - - 107 M 124 M 162 M

Book Value

312 M -17.6 M -22 M 11.3 M -21.1 M - - - - -8.93 M - - - -1.36 M - - - -19 M - - - 14.4 M - - - 124 M - - - 267 M - - - 398 M - - - 269 M - - - 291 M - - - 239 M - - - 270 M - - - 277 M - -

Total Shareholders Equity

312 M 15.3 M 10.9 M 44.2 M 11.8 M - - - - 24.5 M - - - 31.6 M - - - 20.5 M - - - 51.4 M - - - 148 M - - - 269 M - - - 387 M - - - 249 M - - - 271 M - - - 242 M - - - 272 M - - - 276 M 266 M 302 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of AirNet Technology, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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