AudioEye

As of March 31, 2026, the company held about 8.6 million in cash and had a 17.0 million term loan maturing in 2030 under a Western Alliance Bank facility that includes financial covenants.

The loan transitioned from interest-only to amortizing in April 2026. Working capital improved sequentially in Q1 2026. On a trailing basis through Q1 2026, free cash flow is positive, supported by growing adjusted EBITDA.

That said, net debt is meaningful for a company of this size and interest expense, covenant compliance, and litigation costs remain watch items. The balance sheet appears serviceable under current guidance, but resilience is not yet best in class.