Cyanotech Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	0.65	0.26	0.71	0.97	2.59	3.77
Cash & Short-Term Investments	0.65	0.26	0.71	0.97	2.59	3.77
Cash Growth	-16.79%	-63.65%	-27.41%	-62.38%	-31.27%	55.85%
Receivables	2.35	1.95	2.1	1.33	3.66	2.44
Inventory	8.38	7.79	7.31	10.71	9.47	8.42
Prepaid Expenses	0.55	0.55	0.47	0.48	0.55	0.49
Total Current Assets	11.93	10.55	10.59	13.5	16.26	15.11
Property, Plant & Equipment	11.99	12.83	14.39	16.14	15.67	15.65
Other Long-Term Assets	0.11	0.12	0.13	0.09	0.11	0.12
Total Assets	24.03	23.49	25.11	29.73	32.05	30.88
Accounts Payable	2.97	2.22	1.44	1.02	2.36	2.29
Accrued Expenses	0.92	0.72	0.76	1.1	1.41	0.84
Short-Term Debt	4.57	3.76	2.49	2.04	-	1
Current Portion of Long-Term Debt	2.79	2.89	3.14	3.37	0.49	1.21
Current Portion of Leases	0.58	0.56	0.53	0.48	0.39	0.34
Current Unearned Revenue	0.07	0.11	0.2	0.09	0.16	0.12
Total Current Liabilities	11.89	10.24	8.55	8.1	4.82	5.81
Long-Term Debt	1	1	1	1	4.34	4.82
Long-Term Leases	3.07	3.36	3.74	4.28	3.39	3.18
Other Long-Term Liabilities	-	-	-	0	0.02	0.03
Total Liabilities	15.96	14.61	13.3	13.38	12.56	13.84
Common Stock	0.15	0.14	0.14	0.13	0.12	0.12
Additional Paid-In Capital	34.95	34.84	34.58	33.86	33.56	33.27
Retained Earnings	-27.03	-26.1	-22.9	-17.63	-14.19	-16.35
Shareholders' Equity	8.07	8.88	11.81	16.35	19.49	17.04
Total Liabilities & Equity	24.03	23.49	25.11	29.73	32.05	30.88
Total Debt	12	11.56	10.9	11.17	8.61	10.55
Net Cash (Debt)	-11.36	-11.31	-10.2	-10.19	-6.02	-6.78
Net Cash Per Share	-1.58	-1.60	-1.56	-1.63	-0.98	-1.12
Filing Date Shares Outstanding	7.39	7.23	6.95	6.29	6.2	6.12
Total Common Shares Outstanding	7.39	7.2	6.95	6.27	6.2	6.12
Working Capital	0.04	0.3	2.04	5.39	11.44	9.3
Book Value Per Share	1.09	1.23	1.70	2.61	3.14	2.79
Tangible Book Value	8.07	8.88	11.81	16.35	19.49	17.04
Tangible Book Value Per Share	1.09	1.23	1.70	2.61	3.14	2.79
Machinery	22.53	22.39	22.32	22.06	20.63	19.43
Construction In Progress	0.25	0.28	0.21	0.22	0.85	0.75
Leasehold Improvements	15.14	15.14	15.08	15.04	14.75	14.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.