IBM's Financial Performance in IBM's Own Words: Money Down, Debt Up Sharply
From their own press release:
Hours ago: It's Official, Mass Layoffs at IBM Again (2026)
Full and almost-long-term (the latter part is critical) debt of IBM will only be known in a few days, probably this coming Monday, but even IBM itself already admits that debt went up. What it is referring to as "cash" isn't actually cash, it's a Wall Street misnomer that we last explained last year. If IBM closed shop, it would be able to 'liquidate' some things, converting these into cash; or if given 3 months to sell or auction off whatever it can.
IBM isn't a healthy company. That's why there are so many layoffs that IBM tries hard to hide from shareholders.
For IBM it's hard to pay salaries (payroll) without borrowing money. To keep an illusion of growing revenue it devours other companies'. IBM is rapidly and gradually shrinking, no matter what Wall Street wants us to believe (mostly faith-based buzzwords or 'religions' like "AI", accompanied by rolling vapourware like "quantum"). █