TE-WT: the balance sheet

Balance Sheets Overview

Current Ratio

125.50%

Quick Ratio

97.82%

Cash Ratio

9.95%

Debt to Asset Ratio

76.87%

Unit: Thousand (K) dollars

Assets Breakdown

Liabilities Breakdown

Balance Sheets

2026-03-31

2025-12-31

2025-09-30

2025-06-30

Cash and cash equivalents

46,367

182,450

34,146

8,451

Restricted cash

70,178

81,203

45,398

31,054

Accounts receivable trade, net-Nonrelated Party

11,863

Accounts receivable trade, net-Related Party

67,033

Accounts receivable trade, net - related parties

100,023

84,481

Government grants receivable, net

77,801

36,376

93,065

44,657

Inventory

128,941

116,043

251,958

326,222

Advances to suppliers

139,105

137,532

139,996

146,107

Other current assets

10,466

5,989

204

2,402

Accounts receivable trade, net - related parties

34,584

Current assets of discontinued operations

11,791

19,418

51,574

51,048

Total current assets

584,672

663,492

695,237

644,525

Restricted cash

7,120

7,190

7,159

Property and equipment, net

345,956

302,302

289,761

296,729

Goodwill

57,449

60,923

Intangible assets, net

169,131

180,481

191,924

256,575

Right-of-use asset under operating leases

162,834

151,166

150,969

147,991

Other assets

9,916

10,098

Total assets

1,337,078

1,372,108

1,396,004

1,413,902

Accounts payable-Related Party

130,654

Accounts payable-Nonrelated Party

96,493

91,323

69,140

73,167

Accrued liabilities and other-Nonrelated Party

64,661

47,224

31,145

Accrued liabilities and other

63,354

Deferred revenue

90,006

56,731

77,369

90,943

Current portion of long-term debt-Related Party

74,000

66,500

Derivative liabilities

1,132

11,661

805

Current portion of long-term debt-Nonrelated Party

48,236

46,357

46,096

46,758

Accounts payable and accrued liabilities - related parties-Related Party

108,964

162,754

277,482

Current liabilities of discontinued operations

56,397

47,538

40,415

39,616

Convertible note - related party-Related Party

47,338

80,698

Total current liabilities

465,889

463,588

615,647

511,797

Long-term deferred revenue

48,189

28,000

Convertible notes-Nonrelated Party

153,381

152,960

Operating lease liability

154,069

143,534

141,482

139,624

Long-term debt-Nonrelated Party

122,604

137,303

152,876

166,371

Long-term debt-Related Party

54,185

53,538

227,016

230,880

Deferred tax liability

3,222

3,758

1,828

14,233

Other long-term liabilities

26,332

47,353

26,159

8,236

Total liabilities

1,027,871

1,050,223

1,240,346

1,179,839

Redeemable preferred stock-Series APreferred Stock

Redeemable preferred stock-Series BPreferred Stock

18,045

17,805

Convertible series a preferred stock, 0.01 par value, 5,000 issued and outstanding as of both september 30, 2025 and december 31, 2024 (includes accrued dividends of 2,323 as of september 30, 2025 and accrued dividends and accretion of 87 as of december 31, 2024

58,753

50,157

Redeemable preferred stock-Series B1Preferred Stock

54,460

53,710

Common stock, 0.01 par value, 279,037 and 266,267 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively

2,790

2,663

1,686

1,559

Additional paid-in capital

1,358,278

1,358,992

1,014,970

975,161

Accumulated other comprehensive loss

-10,875

-18,213

-15,806

-19,428

Accumulated deficit

-1,113,491

-1,093,072

-903,945

-773,386

Total equity

236,702

250,370

96,905

183,906

Total liabilities, redeemable preferred stock and equity

1,337,078

1,372,108

1,396,004

1,413,902

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets Overview

Current Ratio

125.50%

Quick Ratio

97.82%

Cash Ratio

9.95%

Debt to Asset Ratio

76.87%

Unit: Thousand (K) dollars

Assets Breakdown

Liabilities Breakdown

Balance Sheets

2026-03-31

2025-12-31

2025-09-30

2025-06-30

Cash and cash equivalents

46,367

182,450

34,146

8,451

Restricted cash

70,178

81,203

45,398

31,054

Accounts receivable trade, net-Nonrelated Party

11,863

Accounts receivable trade, net-Related Party

67,033

Accounts receivable trade, net - related parties

100,023

84,481

Government grants receivable, net

77,801

36,376

93,065

44,657

Inventory

128,941

116,043

251,958

326,222

Advances to suppliers

139,105

137,532

139,996

146,107

Other current assets

10,466

5,989

204

2,402

Accounts receivable trade, net - related parties

34,584

Current assets of discontinued operations

11,791

19,418

51,574

51,048

Total current assets

584,672

663,492

695,237

644,525

Restricted cash

7,120

7,190

7,159

Property and equipment, net

345,956

302,302

289,761

296,729

Goodwill

57,449

60,923

Intangible assets, net

169,131

180,481

191,924

256,575

Right-of-use asset under operating leases

162,834

151,166

150,969

147,991

Other assets

9,916

10,098

Total assets

1,337,078

1,372,108

1,396,004

1,413,902

Accounts payable-Related Party

130,654

Accounts payable-Nonrelated Party

96,493

91,323

69,140

73,167

Accrued liabilities and other-Nonrelated Party

64,661

47,224

31,145

Accrued liabilities and other

63,354

Deferred revenue

90,006

56,731

77,369

90,943

Current portion of long-term debt-Related Party

74,000

66,500

Derivative liabilities

1,132

11,661

805

Current portion of long-term debt-Nonrelated Party

48,236

46,357

46,096

46,758

Accounts payable and accrued liabilities - related parties-Related Party

108,964

162,754

277,482

Current liabilities of discontinued operations

56,397

47,538

40,415

39,616

Convertible note - related party-Related Party

47,338

80,698

Total current liabilities

465,889

463,588

615,647

511,797

Long-term deferred revenue

48,189

28,000

Convertible notes-Nonrelated Party

153,381

152,960

Operating lease liability

154,069

143,534

141,482

139,624

Long-term debt-Nonrelated Party

122,604

137,303

152,876

166,371

Long-term debt-Related Party

54,185

53,538

227,016

230,880

Deferred tax liability

3,222

3,758

1,828

14,233

Other long-term liabilities

26,332

47,353

26,159

8,236

Total liabilities

1,027,871

1,050,223

1,240,346

1,179,839

Redeemable preferred stock-Series APreferred Stock

Redeemable preferred stock-Series BPreferred Stock

18,045

17,805

58,753

50,157

Redeemable preferred stock-Series B1Preferred Stock

54,460

53,710

Common stock, 0.01 par value, 279,037 and 266,267 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively

2,790

2,663

1,686

1,559

Additional paid-in capital

1,358,278

1,358,992

1,014,970

975,161

Accumulated other comprehensive loss

-10,875

-18,213

-15,806

-19,428

Accumulated deficit

-1,113,491

-1,093,072

-903,945

-773,386

Total equity

236,702

250,370

96,905

183,906

Total liabilities, redeemable preferred stock and equity

1,337,078

1,372,108

1,396,004

1,413,902

Time Plot

Show the time plot by selecting a row from the table.