Ionik Corporation (TSXV:INIK)

Ionik Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021
Cash & Equivalents	5.77	11.26	14.57	7.4	7.8	2.04
Cash & Short-Term Investments	5.77	11.26	14.57	7.4	7.8	2.04
Cash Growth	-54.42%	-22.71%	96.93%	-5.12%	281.73%	-88.72%
Accounts Receivable	21.48	24	38.83	29.01	15.42	7.43
Receivables	21.48	24	38.83	29.01	15.42	7.43
Prepaid Expenses	0.97	1.01	1.15	1.18	0.74	0.16
Other Current Assets	0.5	0.75	1.41	10.44	0.36	-
Total Current Assets	28.72	37.02	55.94	48.02	24.31	9.64
Property, Plant & Equipment	0.32	0.37	0.74	0.82	0.7	0.31
Goodwill	51.27	51.27	51.27	25.59	44.55	27.58
Other Intangible Assets	38.13	42.74	91.66	61.32	52.28	28.35
Long-Term Deferred Tax Assets	0.06	0.14	5.65	2	1.53	-
Other Long-Term Assets	0.48	0.55	0.98	1.77	1.12	0.02
Total Assets	118.97	132.09	206.24	139.51	124.49	65.89

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021
Accounts Payable	21.47	27.59	43.49	25.01	7.61	3.3
Accrued Expenses	6.65	7.75	11.46	9.28	10.14	1.86
Short-Term Debt	-	-	-	-	-	1.3
Current Portion of Long-Term Debt	107.94	108.98	21.35	11.14	7.85	21.37
Current Portion of Leases	0.5	0.48	0.22	0.58	0.39	0.12
Current Income Taxes Payable	3.66	2.63	0.43	4.86	-	0.32
Current Unearned Revenue	0.7	0.26	0.39	2.87	2.06	0.05
Other Current Liabilities	6.11	6.11	2.39	1.66	1.07	1.8
Total Current Liabilities	147.02	153.79	79.72	55.39	29.11	30.12
Long-Term Debt	4.18	7.05	109.8	81.94	39.56	4.27
Long-Term Leases	0.25	0.38	1.01	0.72	0.15	0.17
Long-Term Unearned Revenue	-	-	-	0.21	0.16	-
Pension & Post-Retirement Benefits	-	-	-	-	0.33	-
Long-Term Deferred Tax Liabilities	0.44	2.82	3.4	0.35	2.44	2.81
Other Long-Term Liabilities	22.59	22.69	32.5	-	0.84	-
Total Liabilities	174.49	186.73	226.43	138.6	72.59	37.37

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021
Common Stock	88.78	88.65	86.15	83.83	73.72	28.55
Additional Paid-In Capital	4.32	4.27	4.23	3.8	2.12	-
Retained Earnings	-148.89	-147.78	-112.49	-87.05	-23.98	-0.12
Comprehensive Income & Other	0.27	0.22	1.91	0.32	0.05	0.09
Shareholders' Equity	-55.52	-54.64	-20.19	0.91	51.9	28.52
Total Liabilities & Equity	118.97	132.09	206.24	139.51	124.49	65.89

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Sep 30, 2021
Total Debt	112.87	116.89	132.38	94.37	47.95	27.23
Net Cash (Debt)	-107.1	-105.63	-117.81	-86.98	-40.15	-25.18
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.30	-0.30	-0.41	-0.31	-0.19	-0.19
Filing Date Shares Outstanding	360.21	360.21	354	286.36	282.12	2.88
Total Common Shares Outstanding	360.21	359.4	323.5	284.73	275.27	2.88
Working Capital	-118.3	-116.77	-23.78	-7.37	-4.8	-20.48
Book Value Per Share	-0.15	-0.15	-0.06	0.00	0.19	9.89
Tangible Book Value	-144.92	-148.66	-163.12	-86	-44.93	-27.41
Tangible Book Value Per Share	-0.40	-0.41	-0.50	-0.30	-0.16	-9.51
Machinery	-	-	-	-	0.34	0.05

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

Data Sources Report a data error