8X8 Inc Liquidation Value

EGHT Data Processing

Cash & Equivalents

$86.88M
As of 2025-12-31
Current Price: N/A

Key Metrics

Cash Liquidation Value

Cash minus Total Obligations
Cash: $86.88M
Total Obligations: -$568.68M
$-481.80M
Per share: $-3.46
Period: 2025-12-31

Liquid Liquidation Value

Cash + AR minus Total Obligations
Cash: $86.88M
AR: $54.74M
Total Obligations: -$568.68M
$-427.06M
Per share: $-3.07
Period: 2025-12-31

Operating Liquidation Value

Cash + AR + Inventory minus Total Obligations
Cash: $86.88M
AR: $54.74M
Inventory: N/A
Total Obligations: -$568.68M
$-427.06M
Per share: $-3.07
Period: 2025-12-31
incomplete 1 component missing — treated as $0 in formula. Why?
  • Inventory: not reported in this period (annual-only)

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Liquidation Ladder

MetricTotalPer Share
Cash Liquidation Value$-481.80M$-3.46
Liquid Liquidation Value$-427.06M$-3.07
Operating Liquidation Value$-427.06M$-3.07

Key Components (as of 2025-12-31)

Data as of 2025-12-31 from 10-Q filed 2026-02-04. View on SEC EDGAR →

Cash & Equivalents$86.88M
Accounts Receivable$54.74M
InventoryN/A
Current Liabilities$179.94M
Long-term Debt (?)$294.47M
Op. Lease Liability (?)$41.85M
Finance Lease (?)N/A
Shares Outstanding139.3M

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Historical

PeriodCashARInventoryAPCurr LiabLT DebtOp LeaseFin Lease
2025-12-31$86.88M$54.74MN/A$36.00M$179.94M$294.47M$41.85MN/A
2025-09-30$75.87M$66.89MN/A$43.31M$183.66M$306.62M$44.42MN/A
2025-06-30$81.31M$60.51MN/A$42.89M$176.44M$328.73M$47.01MN/A
2025-03-31$88.05M$49.68MN/A$45.77M$169.24M$338.37M$49.20MN/A
2024-12-31$104.20M$52.31MN/A$53.07M$175.98M$348.01M$49.84MN/A
2024-09-30$117.40M$64.57MN/A$51.26M$208.84M$357.49M$52.78MN/A
2024-06-30$130.80M$59.20MN/A$51.73M$172.36MN/A$55.18MN/A
2024-03-31$116.26M$58.98MN/A$48.86M$172.58M$409.69M$56.65MN/A

Comments

SEC Filings

PeriodFormFiledLink
2025-12-31 10-Q 2026-02-04 View
2025-09-30 10-Q 2025-11-05 View
2025-06-30 10-Q 2025-08-06 View
2025-03-31 10-K 2025-05-22 View
2024-12-31 10-Q 2025-02-05 View
2024-09-30 10-Q 2024-11-06 View
2024-06-30 10-Q 2024-08-08 View
2024-03-31 10-K 2024-05-21 View

AI Insights

AI Insight·Generated 2026-05-05

8x8 Inc. (EGHT) presents a deeply negative liquidation posture as of December 31, 2025. Under the liquidation lens, total assets of $661.5M face aggressive haircuts: cash of $86.9M recovers at face; accounts receivable of $54.7M at 90-95% yields roughly $49-52M; intangible assets of $57.4M (finite-lived) and goodwill of $274.0M recover at zero; PP&E net of $47.0M recovers at 50-70% or $23-33M; capitalized software embedded in PP&E and other assets contributes negligibly. Rough haircut-adjusted asset pool is approximately $220-240M (cash + receivables + partial PP&E + prepaid/current other assets at steep discounts), versus total liabilities at face value of $518.7M. The result is a recovery shortfall to equity of roughly negative $280-300M before any winddown costs, consistent with MFFAIS's latest CLV of negative $429M and LLV of negative $375M. Equity book value of $142.9M is entirely consumed by the intangible/goodwill writedown ($331.4M aggregate) and the remaining liability stack.

The dominant liability drivers are: (1) long-term debt at face $321.2M comprising the 2024 Term Loan with $122.0M remaining principal (maturing August 2027, SOFR+300bps, effective 8.64%) plus $201.9M 2028 Notes (4.00% coupon, conversion price $7.15, trading at discount per MD&A disclosure); (2) operating lease obligations with undiscounted payments of $58.1M; (3) a non-cancellable $54.0M three-year cloud hosting commitment; and (4) accrued liabilities of $69.9M and deferred revenue of $37.1M. The 2028 Notes trading at a discount to par is noted in MD&A but the filing does not separately XBRL-tag the market price discount; that fair-value gap is relevant context only.

QoQ change from the September 30, 2025 filing: cash improved from $75.9M to $86.9M (operating cash generation of $20.7M in Q3); term loan principal declined from $127.0M to $122.0M ($5.0M prepayment in the quarter); goodwill increased $2.5M from FX translation. The retained deficit widened from approximately $887.7M to $886.2M improvement (net income $5.1M in Q3). No new debt facilities, no impairments, no restructuring charges. The liability stack is marginally lighter but the structural negative recovery posture is unchanged. The $10.9M increase in nine-month G&A driven by legal and regulatory costs is a contingent liability flag not separately quantified in the balance sheet XBRL tags.

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