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Nano-X Imaging Ltd. NNOX
$ 1.0 1.29%
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Quarterly report 2025-Q4
added 06-25-2026

Nano-X Imaging Ltd. Balance Sheet 2025-2011 | NNOX

Brief overview of Nano-X Imaging Ltd.'s balance sheet structure

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

The asset base decreased -55.3%, from $363.2 million to $162.2 million. Resources became smaller over the five periods.

Growth in the asset base was not matched by liabilities: -55.3% versus -68.4%. The balance sheet moved in a more conservative direction.

Equity funds 86.2% of assets versus 80.4% initially. This creates a conservative balance sheet structure.

The period ended with net cash: net debt stood at -$44.4 million. This supports financial flexibility.

The balance sheet includes a negative accumulated result of -$448.8 million. It should be assessed alongside historical profits and capital distributions.

Balance sheet takeaway

Nano-X Imaging Ltd.'s balance sheet looks resilient: assets are supported by substantial equity, while debt does not overwhelm financial flexibility.

Annual Balance Sheet Nano-X Imaging Ltd.

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

Net Debt

-44.4 M -34.9 M -51.5 M -34.2 M - - - - - - - - - - -

Long Term Debt

3.76 M 3.64 M 4.04 M 3.48 M 3.8 M - - - - - - - - - -

Long Term Debt Current

950 K 745 K 861 K 740 K - 519 K - - - - - - - - -

Total Non Current Liabilities

5.54 M 6.91 M 7.61 M 12.2 M 18.3 M 923 K 386 K - - - - - - - -

Total Current Liabilities

16.9 M 14 M 15.5 M 25.1 M 52.8 M 4.48 M 20.3 M - - - - - - - -

Total Liabilities

22.4 M 20.9 M 23.1 M 37.3 M 71 M 5.4 M 20.6 M 8.24 M - - - - - - -

Deferred Revenue

534 K 140 K 543 K 182 K 247 K - - - - - - - - - -

Retained Earnings

-449 M -374 M -320 M -259 M -146 M -84.4 M -40.6 M -18 M - - - - - - -

Total Assets

162 M 210 M 219 M 254 M 363 M 236 M 11.9 M 1.86 M - - - - - - -

Cash and Cash Equivalents

49.2 M 39.3 M 56.4 M 38.5 M - 213 M 8.22 M 5 K - - - - - - -

Book Value

140 M 189 M 196 M 217 M 292 M 231 M -8.78 M -6.38 M - - - - - - -

Total Shareholders Equity

140 M 189 M 196 M 217 M 292 M 231 M -8.78 M -6.38 M - - - - - - -

All numbers in USD currency

Quarterly Balance Sheet Nano-X Imaging Ltd.

2025-Q4 2024-Q4 2023-Q4 2023-Q2 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

Long Term Debt

3.76 M 3.64 M 4.04 M - - - - - 5.81 M 3.8 M - - 923 K - - - 386 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

5.54 M 6.91 M 7.61 M - - - - - 18.3 M - - - 923 K - - - 386 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

22.4 M 20.9 M 23.1 M - - - - - 71 M - - - 5.4 M - - - 20.6 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Deferred Revenue

534 K 140 K 543 K - - - - - 247 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-449 M -374 M -320 M - - - - - -146 M - - - -84.4 M - - - -40.6 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

162 M 210 M 219 M - - - - - 363 M - - - 236 M - - - 11.9 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

49.2 M 39.3 M 56.4 M 290 K - - - - 66.6 M - - - 213 M - - - 8.07 M - - - 5 K - - - 65 K - - - - - - - - - - - - - - - - - - - - - - - - - - -

Book Value

140 M 189 M 196 M - - - - - 292 M - - - 231 M - - - -8.78 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

140 M 189 M 196 M - - - - - 292 M - - - 231 M - - - -8.78 M - - - -6.38 M - - - -8.27 M - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Nano-X Imaging Ltd., 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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