MicroCloud Hologram Inc. balance sheet HOLO

Annual Quarterly

As of Dec 31, 2025, MicroCloud Hologram Inc. had total assets of $395.3 million and total liabilities of $11.8 million. Total assets were up 76.0% from a year earlier. Stockholders' equity was $382.8 million. It held $390.2 million in cash and investments against $162,963 of total debt, net cash of $390.0 million. The current ratio, current assets divided by current liabilities, was 33.54.

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

Line	Q4 FY2025 Dec 31, 2025	Q4 FY2024 Dec 31, 2024	Q4 FY2023 Dec 31, 2023	Q1 FY2023 Mar 31, 2023	Q4 FY2022 Dec 31, 2022	Q3 FY2022 Sep 30, 2022	Q2 FY2022 Jun 30, 2022	Q1 FY2022 Mar 31, 2022
Assets
Cash	262 +121.4%	118 +565.6%	18 -18.8%	20 +69833.3%	22	47 +130798.5%	—	0
Short-term investments	128 +26.7%	101	—	—	—	—	—	—
Cash and investments	390 +77.8%	219 +1132.9%	18 -18.8%	20 +69833.3%	22	47 +130798.5%	—	0
Receivables	3 -3.5%	3 +135.0%	1 -88.1%	10	12	13	—	—
Inventory	0 -84.3%	0 -45.1%	0 -23.9%	0	0	0	—	—
Total current assets	395 +76.2%	224 +943.4%	21 -38.1%	31 +41746.7%	35 +67.4%	62 +34284.8%	0 -100.0%	0
Property and equipment, net	0 -13.9%	0 -64.0%	0 -5.6%	0	0	0	—	—
Goodwill	—	—	—	3	3	3	—	—
Total assets	395 +76.0%	225 +891.0%	23 -44.6%	37 -36.2%	41 +46.9%	69 +18.6%	58 -0.4%	58
Liabilities and equity
Accounts payable	3 +59.2%	2 +904.9%	0	—	—	—	—	—
Total current liabilities	12 +174.2%	4 +76.5%	2 -79.3%	12 +2817.7%	12 +18.7%	13 +11642.5%	1 +1056.3%	0
Total liabilities	12 +165.3%	4 +62.4%	3 -77.9%	12 +376.3%	12 +20.9%	14 +536.6%	3 +31.8%	3
Stockholders' equity	383 +73.7%	220 +1005.9%	20 -30.1%	25 +1126.3%	29 +61.7%	55 +2858.0%	-3 -74.7%	-2
Debt
Lease liabilities	0 -52.8%	0 -21.6%	0 -27.1%	1	1	1	—	—
Total debt	0 -52.8%	0 -21.6%	0 -27.1%	1	1	1	—	—
Net cash	390 +78.0%	219 +1162.2%	17 -18.5%	20	21	46	—	—
Ratios
Current ratio	33.54x	52.19x	8.83x	2.70x	2.95x	4.74x	0.00x	0.19x
Debt to equity	0.00x	0.00x	0.02x	0.02x	0.02x	0.01x	—	—
Debt to EBITDA	0.41x	—	—	—	—	—	—	—
Return on equity	-1.83%	-4.09%	-58.12%	-108.57%	-71.15%	36.71%	—	—
Return on assets	-1.78%	-4.01%	-51.07%	-73.59%	-49.58%	29.17%	—	—
Book value per share	—	—	3.35	—	—	—	-1.63	-1.43

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: Services-Computer Programming, Data Processing, Etc. (SIC 7370)
Listed as: HOLO (Nasdaq), HOLOW (Nasdaq)
Fiscal year ends: December 31
Incorporated in: Cayman Islands
Headquarters: New York, NY
SEC filer status: Non-accelerated filer, Emerging growth company
SEC CIK: 1841209
Former names: Golden Path Acquisition Corp (until Sep 16, 2022)

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