GMO Commerce Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2018	FY 2017
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017
Cash & Equivalents	2,421	2,907	819	613	339.25	170.94
Cash & Short-Term Investments	2,421	2,907	819	613	339.25	170.94
Cash Growth	-	254.95%	33.61%	80.69%	98.46%	-
Receivables	803	736	742	659	329.23	303.49
Inventory	-	-	-	-	-	0.02
Prepaid Expenses	-	44	43	31	-	-
Other Current Assets	313	1	1	27	11.31	9.64
Total Current Assets	3,537	3,688	1,605	1,330	679.79	484.09
Property, Plant & Equipment	46	47	51	54	5.75	7.96
Long-Term Investments	83	71	68	68	-	-
Other Intangible Assets	225	216	122	88	125.75	147.96
Long-Term Deferred Tax Assets	-	14	14	20	-	-
Other Long-Term Assets	2	2	2	2	52.29	50.95
Total Assets	3,893	4,038	1,862	1,562	863.59	690.97
Accounts Payable	754	772	747	610	180.67	183.46
Accrued Expenses	6	114	116	91	-	-
Short-Term Debt	-	-	-	-	-	16.67
Current Income Taxes Payable	53	119	182	183	-	-
Other Current Liabilities	375	216	229	235	317.36	215.23
Total Current Liabilities	1,188	1,221	1,274	1,119	498.03	415.36
Other Long-Term Liabilities	40	41	41	42	-	-
Total Liabilities	1,228	1,262	1,315	1,161	498.03	415.36
Common Stock	1,103	1,103	100	100	365.56	275.61
Additional Paid-In Capital	1,103	1,103	100	100	-	-
Retained Earnings	457	569	347	201	-	-
Comprehensive Income & Other	2	1	-	-	-	-
Shareholders' Equity	2,665	2,776	547	401	365.56	275.61
Total Liabilities & Equity	3,893	4,038	1,862	1,562	863.59	690.97
Total Debt	-	-	-	-	-	16.67
Net Cash (Debt)	2,421	2,907	819	613	339.25	154.28
Net Cash Growth	-	254.95%	33.61%	80.69%	119.90%	-
Net Cash Per Share	503.26	676.43	227.73	170.45	-	-
Filing Date Shares Outstanding	5.53	5.36	3.6	3.6	-	-
Total Common Shares Outstanding	5.53	5.36	3.6	3.6	-	-
Working Capital	2,349	2,467	331	211	-	-
Book Value Per Share	481.94	517.43	152.10	111.50	-	-
Tangible Book Value	2,440	2,560	425	313	-	-
Tangible Book Value Per Share	441.25	477.17	118.17	87.03	-	-