As of Q4'25 (2026-01-03), ONTO reported cash and short-term investments of USD 640M, with zero debt on its balance sheet. This marks a notable decrease from the previous quarter’s cash position of USD 984M, while the company continues to maintain a debt-free profile. Over the period from Q1'23 to Q4'25, ONTO’s cash and short-term investments generally trended upward, rising from USD 584M in Q1'23 to a peak of USD 984M in Q3'25. The cash position showed consistent quarterly growth, with only a slight dip in Q4'24 and a significant drop in Q4'25. Throughout the entire timeframe, the company maintained zero debt, highlighting a strong liquidity position and conservative capital structure.