ACHV ACHIEVE LIFE SCIENCES, INC.

Overview and Growth

Fiscal 2025 results for ACHIEVE LIFE SCIENCES, INC. included net loss of $54.65M. Diluted earnings per share were -$1.25, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 43.59M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 35.9% from 32.07M in fiscal 2024, leaving the current share base higher year over year. Total assets stood at $41.79M, showing the scale of resources supporting revenue, earnings, liquidity, and financing.

Profitability

After all below-operating-line items, the company recorded a net loss of $54.65M for the fiscal year. The company reported a pretax loss of $54.65M, before the effect of income taxes. The loss-to-equity relationship was 254.0%, placing the bottom-line deficit against shareholder capital. The net loss equaled 130.8% of period-end assets, showing the deficit relative to the asset base. The net loss widened to $54.65M from $39.83M in fiscal 2024.

Liquidity and Capital Structure

The company held $41.79M of assets against $20.27M of liabilities and $21.52M of equity, revealing how the asset base was financed. Current assets were $39.89M against $9.08M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 4.39x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $20.93M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 230.4% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 51.5%, placing book capital against the total resource base. Liabilities represented 48.5% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 50.1%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 8.2% higher than fiscal 2024 assets of $38.63M, measuring the company’s own balance-sheet change. Against $20.90M of equity in fiscal 2024, the current book-equity balance moved 3.0% and ended higher. The reported cash balance changed 64.1% from $12.75M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $49.47M, rather than cash generation from operations. Capital spending of $3.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $49.47M, leaving a cash deficit after capital spending and reducing financial flexibility. The cash deficit after capital spending represented 118.4% of the period-end asset base. The operating cash outflow widened to $49.47M from $29.77M in fiscal 2024.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.