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Issuer Direct Corporation Balance Sheet 2025-2007 | ISDR
Brief overview of Issuer Direct Corporation's financial position
This overview follows the five latest available annual observations between 2021 and 2025.
Assets grew from $39.3 million to $42 million. An increase of +7% at roughly 1.7% CAGR was not especially fast.
Funding shifted toward liabilities: they gained +52.5%, compared with +7% for assets.
Equity funds 72.3% of assets versus 80.5% initially. This creates a conservative balance sheet structure.
Negative net debt of -$469 thousand means cash holdings are larger than debt obligations.
Cash represents 7.2% of assets versus 60.8% initially, showing how the immediate liquidity reserve changed.
Retained earnings stand at $5.4 million; the five-period change was -41.2%. This reflects accumulated business performance.
Overall assessment
Issuer Direct Corporation's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet Issuer Direct Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-469 K | 11.8 M | 14.2 M | 18.5 M | -22.2 M | -17.6 M | -13.2 M | -16.6 M | -4.06 M | -5.34 M | -4.22 M | -590 K | -1.27 M | -1.1 M | -862 K | - | - | - | - |
Long Term Debt |
1.69 M | 11.9 M | 15.9 M | 1.34 M | 1.66 M | - | - | 276 K | 570 K | - | - | - | 447 K | - | - | - | - | - | - |
Long Term Debt Current |
870 K | 4 M | 4 M | 22 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 2.17 M | 2.45 M | 689 K | 1.22 M | 178 K | 208 K | 691 K | 2.18 M | 106 K | 69.3 K | - | - | - | - |
Total Current Liabilities |
9.54 M | 12.8 M | 12.6 M | 31.2 M | 5.8 M | 4.58 M | 3.84 M | 2.6 M | 2.52 M | 2.1 M | 2.4 M | 3.5 M | 2.87 M | 590 K | 451 K | 152 K | 185 K | - | - |
Total Liabilities |
11.6 M | 25.4 M | 29.7 M | 33.1 M | 7.64 M | 6.75 M | 6.29 M | 3.29 M | 3.74 M | 2.28 M | 2.61 M | 4.2 M | 5.05 M | 695 K | 520 K | 172 K | 185 K | 410 K | - |
Deferred Revenue |
5.26 M | 4.74 M | 4.75 M | 5.4 M | 3.09 M | 2.21 M | 1.81 M | 1.25 M | 887 K | 843 K | 822 K | 877 K | 1.05 M | 113 K | 178 K | 51.4 K | - | - | - |
Retained Earnings |
5.43 M | 1.14 M | 11.9 M | 11.2 M | 9.23 M | 5.94 M | 3.84 M | 3.15 M | 2.77 M | 1.49 M | 389 K | 327 K | 285 K | -226 K | -532 K | -771 K | -1.2 M | -1.47 M | - |
Total Assets |
42 M | 50.6 M | 65.2 M | 66.3 M | 39.3 M | 34.9 M | 32.4 M | 29 M | 17 M | 12.9 M | 11.2 M | 10.2 M | 9.26 M | 2.54 M | 1.73 M | 1.08 M | 465 K | 391 K | - |
Cash and Cash Equivalents |
3.02 M | 4.1 M | 5.71 M | 4.83 M | 23.9 M | 19.6 M | 15.8 M | 17.2 M | 4.92 M | 5.34 M | 4.22 M | 1.72 M | 1.71 M | 1.25 M | 862 K | 505 K | 146 K | 50.4 K | 39.3 K |
Book Value |
30.3 M | 25.2 M | 35.4 M | 33.2 M | 31.6 M | 28.1 M | 26.1 M | 25.7 M | 13.2 M | 10.6 M | 8.56 M | 6.01 M | 4.21 M | 1.85 M | 1.21 M | 908 K | 280 K | -19.1 K | - |
Total Shareholders Equity |
30.3 M | 25.2 M | 35.4 M | 33.2 M | 31.6 M | 28.1 M | 26.1 M | 25.7 M | 13.2 M | 10.6 M | 8.56 M | 6.01 M | 4.21 M | 1.85 M | 1.21 M | 908 K | 280 K | -19.1 K | 155 K |
All numbers in USD currency
Quarterly Balance Sheet Issuer Direct Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 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 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q4 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
317 K | 1.47 M | 668 K | 1.9 M | 2.11 M | 2.33 M | 11.9 M | 12.9 M | 13.9 M | 14.9 M | 15.9 M | 16.9 M | 17.9 M | 18.9 M | - | 1.42 M | - | 1.58 M | 1.66 M | 1.74 M | 1.82 M | 1.89 M | 1.97 M | 1.97 M | 1.97 M | 1.97 M | 2.31 M | 2.31 M | 2.31 M | 2.31 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.92 K | - | - | - | - | - |
Total Liabilities |
11.6 M | 11.7 M | 25.4 M | 13.3 M | 14.9 M | 16.4 M | 25.4 M | 26.5 M | 27.4 M | 29.2 M | 29.7 M | 29.7 M | 31.4 M | 31.2 M | 33.1 M | 7.47 M | - | 8.04 M | 7.64 M | 7.08 M | 7.56 M | 7.58 M | 6.75 M | 6.75 M | 6.75 M | 6.75 M | 6.29 M | 6.29 M | 6.29 M | 6.29 M | 3.29 M | 3.29 M | 3.29 M | 3.29 M | 3.74 M | 3.74 M | 3.74 M | 3.74 M | 2.28 M | 2.28 M | 2.28 M | 2.28 M | 2.61 M | 2.61 M | 2.61 M | 2.61 M | 4.2 M | 4.2 M | 4.2 M | 4.2 M | 5.05 M | 5.05 M | 5.05 M | 5.05 M | 695 K | 695 K | 695 K | 695 K | 520 K | 520 K | 520 K | 520 K | 185 K | 125 K | 1.92 M | 112 K | 410 K | 190 K | 276 K |
Deferred Revenue |
5.26 M | 5.39 M | 4.74 M | 5.02 M | 4.74 M | 5.02 M | 4.74 M | 5.31 M | 5.48 M | 5.58 M | 5.41 M | 5.16 M | 5.73 M | 5.17 M | 5.4 M | 3.43 M | - | 3.42 M | 3.09 M | 2.7 M | 2.7 M | 2.38 M | 2.21 M | 2.21 M | 2.21 M | 2.21 M | 1.81 M | 1.81 M | 1.81 M | 1.81 M | 1.25 M | 1.25 M | 1.25 M | 1.25 M | 887 K | 887 K | 887 K | 887 K | 843 K | 843 K | 843 K | 843 K | 822 K | 822 K | 822 K | 822 K | 877 K | 877 K | 877 K | 877 K | 1.05 M | 1.05 M | 1.05 M | 1.05 M | 113 K | 113 K | 113 K | 113 K | 178 K | 178 K | 178 K | 178 K | 51.4 K | - | - | - | - | - | - |
Retained Earnings |
5.43 M | 4.82 M | 1.14 M | 6.01 M | 6.05 M | 6.53 M | 1.14 M | 11.3 M | 11.8 M | 11.8 M | 11.9 M | 12.7 M | 12.4 M | 11 M | 11.2 M | 11.3 M | - | 9.75 M | 9.23 M | 8.62 M | 7.59 M | 6.49 M | 5.94 M | 5.94 M | 5.94 M | 5.94 M | 3.84 M | 3.84 M | 3.84 M | 3.84 M | 3.15 M | 3.15 M | 3.15 M | 3.15 M | 2.77 M | 2.77 M | 2.77 M | 2.77 M | 1.49 M | 1.49 M | 1.49 M | 1.49 M | 389 K | 389 K | 389 K | 389 K | 327 K | 327 K | 327 K | 327 K | 285 K | 285 K | 285 K | 285 K | -226 K | -226 K | -226 K | -226 K | -532 K | -532 K | -532 K | -532 K | -1.2 M | -978 K | -937 K | -1.07 M | -1.47 M | -1.12 M | -1.11 M |
Total Assets |
42 M | 41.6 M | 50.6 M | 44 M | 45.6 M | 47.3 M | 50.6 M | 61.7 M | 62.8 M | 64.4 M | 65.2 M | 65.5 M | 66.6 M | 64.6 M | 66.3 M | 36.7 M | - | 40.2 M | 39.3 M | 38 M | 37.3 M | 36.1 M | 34.9 M | 34.9 M | 34.9 M | 34.9 M | 32.4 M | 32.4 M | 32.4 M | 32.4 M | 29 M | 29 M | 29 M | 29 M | 17 M | 17 M | 17 M | 17 M | 12.9 M | 12.9 M | 12.9 M | 12.9 M | 11.2 M | 11.2 M | 11.2 M | 11.2 M | 10.2 M | 10.2 M | 10.2 M | 10.2 M | 9.26 M | 9.26 M | 9.26 M | 9.26 M | 2.54 M | 2.54 M | 2.54 M | 2.54 M | 1.73 M | 1.73 M | 1.73 M | 1.73 M | 465 K | 828 K | 2.63 M | 675 K | 391 K | 549 K | 636 K |
Cash and Cash Equivalents |
4.1 M | 3.49 M | 5.71 M | 3.26 M | 2.2 M | 4.1 M | 4.1 M | 4.09 M | 4.02 M | 5.4 M | 5.71 M | 5.05 M | 4.96 M | 3.35 M | 4.83 M | 21.8 M | 21.5 M | 24.3 M | 23.9 M | 22.4 M | 21.2 M | 20.5 M | 19.6 M | 19.6 M | 19.6 M | 19.6 M | 15.8 M | 15.8 M | 15.8 M | 15.8 M | 17.2 M | 17.2 M | 17.2 M | 17.2 M | 4.92 M | 4.92 M | 4.92 M | 4.92 M | 5.34 M | 5.34 M | 5.34 M | 5.34 M | 4.22 M | 4.22 M | 4.22 M | 4.22 M | 1.72 M | 1.72 M | 1.72 M | 1.72 M | 1.71 M | 1.71 M | 1.71 M | 1.71 M | 1.25 M | 1.25 M | 1.25 M | 1.25 M | 862 K | 862 K | 862 K | 862 K | 50.4 K | 495 K | 1.62 M | 315 K | 39.3 K | 216 K | 185 K |
Book Value |
30.3 M | 29.9 M | 25.2 M | 30.8 M | 30.7 M | 30.9 M | 25.2 M | 35.3 M | 35.4 M | 35.2 M | 35.4 M | 35.8 M | 35.2 M | 33.4 M | 33.2 M | 29.2 M | - | 32.2 M | 31.6 M | 30.9 M | 29.7 M | 28.5 M | 28.1 M | 28.1 M | 28.1 M | 28.1 M | 26.1 M | 26.1 M | 26.1 M | 26.1 M | 25.7 M | 25.7 M | 25.7 M | 25.7 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 10.6 M | 10.6 M | 10.6 M | 10.6 M | 8.56 M | 8.56 M | 8.56 M | 8.56 M | 6.01 M | 6.01 M | 6.01 M | 6.01 M | 4.21 M | 4.21 M | 4.21 M | 4.21 M | 1.85 M | 1.85 M | 1.85 M | 1.85 M | 1.21 M | 1.21 M | 1.21 M | 1.21 M | 280 K | 703 K | 710 K | 563 K | -19.1 K | 359 K | 359 K |
Total Shareholders Equity |
25.2 M | 29.9 M | 35.4 M | 30.8 M | 30.7 M | 30.9 M | 25.2 M | 35.3 M | 35.4 M | 35.2 M | 35.4 M | 35.8 M | 35.2 M | 33.4 M | 33.2 M | 29.2 M | 29.4 M | 32.2 M | 31.6 M | 30.9 M | 29.7 M | 28.5 M | 28.1 M | 28.1 M | 28.1 M | 28.1 M | 26.1 M | 26.1 M | 26.1 M | 26.1 M | 25.7 M | 25.7 M | 25.7 M | 25.7 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 10.6 M | 10.6 M | 10.6 M | 10.6 M | 8.56 M | 8.56 M | 8.56 M | 8.56 M | 6.01 M | 6.01 M | 6.01 M | 6.01 M | 4.21 M | 4.21 M | 4.21 M | 4.21 M | 1.85 M | 1.85 M | 1.85 M | 1.85 M | 1.21 M | 1.21 M | 1.21 M | 1.21 M | -19.1 K | 703 K | 710 K | 563 K | 155 K | 359 K | 359 K |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Issuer Direct Corporation, 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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