What does non-marketable investment impairment mean?

Write-downs of private or non-traded investments due to loss of value.

How do you interpret non-marketable investment impairment?

Frequent or large impairments suggest poor due diligence or high-risk investment strategies in private markets.

How does non-marketable investment impairment compare across companies?

Common for companies with active corporate venture capital arms; peers in similar sectors will show varying levels of impairment.

Baxter International BAX Non-Marketable Investment Impairment

Discontinued — last reported Q4 '25

Non-Marketable Investment Impairment at other companies

CitigroupC

$140M+141%

EvercoreEVR

$2.03M—

Dominion EnergyD

$291M-25.0%

SemtechSMTC

$302.75K-96.0%

SemtechSMTC

——

NRZ

New Residential Investment Corp.NRZ

——

Other financials

Income statement

See full

Revenue$2.7B+2.9%

Gross profit$891.0M+3.5%

Operating income$66.0M+13.8%

Net income-$15.0M-112%

EPS (diluted)-$0.03-112%

Balance sheet

See full

Cash & equivalents$2.0B-12.1%

Total debt$224.0M-8.9%

Total equity$6.0B-14.7%

Total assets$19.8B-6.8%

Cash flow

See full

Operating cash flow$213.0M+210%

CapEx$128.3M+15.0%

Free cash flow$83.0M-42.1%

Valuation

See full

Market cap$10.27B-50.6%

Enterprise value$8.48B-55.6%

P/S0.9×-1.0×

Profitability

See full

Gross margin30.1%-5.9pp

Operating margin-2.7%—

Net margin-9.7%+62.5pp

FCF margin3%-2.4pp

Returns & leverage

See full

Return on equity-16.7%-76.7pp

Debt / equity0×0.0×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by Baxter International in its filing.

Tagged under the XBRL concept bax:NonMarketableInvestmentImpairment.

The official record: Baxter International’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

Ask your AI about Baxter International's non-marketable investment impairment.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Baxter International's non-marketable investment impairment?: Baxter International (BAX) reported non-marketable investment impairment of $0 in Q4 2025.
What does non-marketable investment impairment mean?: Write-downs of private or non-traded investments due to loss of value.
How do you interpret non-marketable investment impairment?: Frequent or large impairments suggest poor due diligence or high-risk investment strategies in private markets.
How does non-marketable investment impairment compare across companies?: Common for companies with active corporate venture capital arms; peers in similar sectors will show varying levels of impairment.