Aehr Test Systems balance sheet AEHR

Annual Quarterly

As of May 29, 2026, Aehr Test Systems had total assets of $246.7 million and total liabilities of $27.2 million. Total assets were up 66.1% from a year earlier. Stockholders' equity was $219.5 million. It held $116.4 million in cash and investments against $9.9 million of total debt, net cash of $106.5 million. The current ratio, current assets divided by current liabilities, was 10.33.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Q4 FY2026
May 29, 2026
Q3 FY2026
Feb 27, 2026
Q2 FY2026
Nov 28, 2025
Q1 FY2026
Aug 29, 2025
Q4 FY2025
May 30, 2025
Q3 FY2025
Feb 28, 2025
Q2 FY2025
Nov 29, 2024
Q1 FY2025
Aug 30, 2024
Assets
Cash
116
+374.4%
37
+25.5%
31
-4.3%
23
-40.0%
25
-50.1%
29
-38.2%
32
-36.2%
38
-25.8%
Cash and investments
116
+374.4%
37
+25.5%
31
-4.3%
23
-40.0%
25
-50.1%
29
-38.2%
32
-36.2%
38
-25.8%
Inventory
41
-1.5%
41
-2.8%
43
-2.4%
42
-2.6%
42
+12.1%
42
+11.1%
44
+29.4%
43
+36.2%
Total current assets
184
+107.8%
96
+4.6%
88
-0.4%
84
-9.5%
89
-9.3%
92
-0.7%
89
-3.5%
93
-3.4%
Property and equipment, net
9
-0.3%
9
+32.0%
9
+108.7%
9
+157.0%
9
+175.7%
7
+123.1%
4
+35.2%
—
Goodwill
11
+0.0%
11
-0.2%
11
-0.2%
11
+3.5%
11
11
11
10
Total assets
247
+66.1%
157
+7.9%
149
+4.5%
144
-1.2%
149
+16.1%
146
+43.3%
142
+40.6%
146
+38.3%
Liabilities and equity
Accounts payable
7
+0.4%
2
-69.8%
4
-26.9%
3
-39.3%
7
+26.2%
7
+39.8%
5
+16.0%
6
-33.1%
Total current liabilities
18
+14.2%
9
-45.6%
8
-29.1%
12
-22.7%
16
+48.8%
16
+75.0%
12
+47.2%
15
-19.9%
Total liabilities
27
+6.0%
18
-14.7%
18
-6.0%
22
-7.2%
26
+57.1%
21
+41.7%
19
+36.2%
23
-7.7%
Stockholders' equity
220
+78.7%
139
+11.7%
131
+6.2%
122
-0.1%
123
+10.1%
124
+43.6%
123
+41.3%
122
+52.8%
Debt
Lease liabilities
10
-8.8%
10
+55.7%
10
+58.0%
11
+58.3%
11
+74.8%
6
+2.1%
6
+0.3%
7
+6.9%
Total debt
10
-8.8%
10
+55.7%
10
+58.0%
11
+58.3%
11
+74.8%
6
+2.1%
6
+0.3%
7
+6.9%
Net cash
106
+677.3%
27
+17.0%
21
-19.8%
12
-61.1%
14
-68.1%
23
-44.3%
26
-41.5%
31
-30.3%
Ratios
Current ratio
10.33x
10.97x
10.62x
7.06x
5.68x
5.71x
7.55x
6.03x
Debt to equity
0.05x
0.07x
0.08x
0.09x
0.09x
0.05x
0.05x
0.05x
Debt to EBITDA
—
—
—
—
—
3.52x
13.74x
0.96x
Return on equity
-3.25%
-8.23%
-6.77%
-5.44%
-3.18%
18.40%
17.88%
23.79%
Return on assets
-2.89%
-7.27%
-5.95%
-4.62%
-2.63%
15.69%
15.48%
19.98%
Book value per share
6.76
4.48
4.27
4.10
4.11
4.17
4.15
4.14
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Instruments For Meas & Testing of Electricity & Elec Signals (SIC 3825)
Listed as
AEHR (Nasdaq)
Fiscal year ends
December 31
Incorporated in
CA
Headquarters
Fremont, CA
SEC filer status
Non-accelerated filer, Smaller reporting company
SEC CIK
1040470

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.