NetApp, Inc. (NTAP) balance sheet
NASDAQ · Technology · Computer Hardware · 11,700 employees · CEO George Kurian
- Price
- $199.18 -8.81%
- Market cap
- $39.1B
- Enterprise value
- $40.1B
- Last report
- Q1 '27 filed 2026-09-02
- Next report
- 2026-12-01 EPS est. $2.60
At the end of Q1 '27 NetApp, Inc. (NTAP) held $3.58B in cash and short-term investments against $2.53B of debt incl. leases. Total assets $11B, total liabilities $9.46B, shareholders' equity $1.5B.
Balance sheet
| Balance sheet | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.93B | $1.82B | $1.9B | $1.65B | $1.48B | $1.51B | $2.74B | $2.09B | $2.07B | $1.63B | $2.07B | $1.57B | |
| Short-term investments | $686M | $1.1B | $1.35B | $1.37B | $744M | $750M | $1.1B | $1.24B | $942M | $1.39B | $1.51B | $2B | |
| Receivables | $787M | $787M | $1.01B | $679M | $873M | $898M | $1.25B | $787M | $988M | $1.31B | $1.29B | $966M | |
| Inventory | $122M | $131M | $186M | $214M | $317M | $268M | $186M | $133M | $127M | $109M | $198M | $375M | |
| Other current assets | $464M | $492M | $452M | $411M | $527M | $481M | $573M | $443M | $525M | $495M | $708M | $755M | |
| Current assets | $3.99B | $4.33B | $4.9B | $4.32B | $3.94B | $3.91B | $5.85B | $4.69B | $4.65B | $4.93B | $5.78B | $5.67B | |
| Property, plant & equipment (net) | $883M | $859M | $851M | $835M | $835M | $809M | $804M | $814M | $804M | $807M | $820M | $663M | |
| Long-term investments | $0 | $0 | $85M | $0 | $0 | $0 | $92M | $93M | $94M | $137M | $98M | $0 | |
| Goodwill | $2.76B | $2.76B | $2.76B | $2.76B | $2.76B | $2.72B | $2.72B | $2.73B | $2.73B | $2.76B | $2.77B | $2.92B | |
| Intangible assets | $152M | $138M | $124M | $110M | $96M | $49M | $43M | $37M | $31M | $26M | $22M | $38M | |
| Deferred tax assets | $960M | $949M | $896M | $913M | $966M | $1.01B | $994M | $985M | $975M | $946M | $859M | $0 | |
| Other non-current assets | $326M | $337M | $275M | $373M | $409M | $495M | $316M | $329M | $341M | $366M | $397M | $1.67B | |
| Non-current assets | $5.08B | $5.04B | $4.99B | $4.99B | $5.07B | $5.08B | $4.97B | $4.99B | $4.98B | $5.04B | $4.97B | $5.28B | |
| Total assets | $9.07B | $9.37B | $9.89B | $9.31B | $9B | $8.99B | $10.8B | $9.68B | $9.63B | $9.97B | $10.7B | $11B | |
| Liabilities | |||||||||||||
| Accounts payable | $411M | $396M | $517M | $437M | $554M | $434M | $511M | $404M | $436M | $413M | $550M | $566M | |
| Accrued expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $376M | $0 | $390M | |
| Short-term debt | $400M | $400M | $400M | $1.15B | $749M | $750M | $750M | $0 | $0 | $41M | $0 | $550M | |
| Deferred revenue | $2B | $2.09B | $2.18B | $2.13B | $2.05B | $2.07B | $2.28B | $2.27B | $2.14B | $2.27B | $2.32B | $2.25B | |
| Other current liabilities | $878M | $836M | $973M | $754M | $928M | $900M | $1.08B | $854M | $848M | $491M | $1.08B | $737M | |
| Current liabilities | $3.73B | $3.77B | $4.11B | $4.51B | $4.32B | $4.2B | $4.66B | $3.57B | $3.47B | $3.59B | $4.02B | $4.57B | |
| Long-term debt | $1.99B | $1.99B | $1.99B | $1.24B | $1.24B | $1.24B | $2.49B | $2.49B | $2.49B | $2.49B | $2.49B | $1.94B | |
| Lease obligations (non-current) | $230M | $225M | $220M | $216M | $216M | $215M | $216M | $219M | $211M | $207M | $204M | $0 | |
| Deferred revenue (non-current) | $2B | $2.03B | $2.06B | $2.04B | $2.06B | $2.05B | $2.26B | $2.26B | $2.3B | $2.36B | $2.53B | $2.59B | |
| Deferred tax liabilities | $0 | $152M | $153M | $157M | $161M | $169M | $45M | $48M | $49M | $0 | $0 | $0 | |
| Other non-current liabilities | $350M | $208M | $212M | $217M | $119M | $119M | $118M | $127M | $127M | $168M | $156M | $360M | |
| Non-current liabilities | $4.57B | $4.61B | $4.64B | $3.87B | $3.8B | $3.8B | $5.12B | $5.14B | $5.17B | $5.22B | $5.37B | $4.89B | |
| Total liabilities | $8.3B | $8.38B | $8.74B | $8.38B | $8.11B | $7.99B | $9.78B | $8.7B | $8.64B | $8.81B | $9.39B | $9.46B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $825M | $934M | $997M | $988M | $947M | $1.06B | $1.11B | $1.02B | $1.04B | $1.15B | $1.21B | $1.28B | |
| Retained earnings | $0 | $115M | $208M | $0 | $0 | $0 | $0 | $0 | $0 | $40M | $153M | $235M | |
| Accumulated other comprehensive income | -$55M | -$55M | -$59M | -$59M | -$55M | -$65M | -$66M | -$40M | -$50M | -$29M | -$11M | -$21M | |
| Shareholders' equity | $770M | $994M | $1.15B | $929M | $892M | $995M | $1.04B | $975M | $986M | $1.16B | $1.35B | $1.5B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $2.66B | $2.66B | $2.65B | $2.65B | $2.25B | $2.25B | $3.49B | $2.75B | $2.74B | $2.73B | $2.73B | $2.53B | |
| Net debt (debt - cash) | $728M | $836M | $749M | $996M | $772M | $739M | $749M | $660M | $667M | $1.11B | $663M | $961M | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.44B | $2.94B | $2.33B | $2.66B | $4.53B | $4.11B | $2.32B | $1.9B | $2.74B | $2.07B | |
| Short-term investments | $2.48B | $2.45B | $1.57B | $224M | $67M | $22M | $754M | $1.35B | $1.1B | $1.51B | |
| Receivables | $731M | $1.05B | $1.22B | $973M | $945M | $1.23B | $987M | $1.01B | $1.25B | $1.29B | |
| Inventory | $163M | $126M | $131M | $145M | $114M | $204M | $167M | $186M | $186M | $198M | |
| Other current assets | $383M | $392M | $364M | $274M | $346M | $377M | $456M | $452M | $573M | $708M | |
| Current assets | $6.2B | $6.86B | $5.61B | $4.27B | $6B | $5.95B | $4.68B | $4.9B | $5.85B | $5.78B | |
| Property, plant & equipment (net) | $799M | $756M | $759M | $864M | $639M | $896M | $931M | $851M | $804M | $820M | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $85M | $92M | $98M | |
| Goodwill | $1.68B | $1.74B | $1.74B | $1.78B | $2.04B | $2.35B | $2.76B | $2.76B | $2.72B | $2.77B | |
| Intangible assets | $131M | $94M | $47M | $44M | $101M | $142M | $181M | $124M | $43M | $22M | |
| Deferred tax assets | $525M | $270M | $201M | $220M | $219M | $362M | $948M | $896M | $994M | $859M | |
| Other non-current assets | $156M | $221M | $389M | $342M | $361M | $335M | $319M | $275M | $316M | $397M | |
| Non-current assets | $3.3B | $3.04B | $3.13B | $3.25B | $3.36B | $4.08B | $5.14B | $4.99B | $4.97B | $4.97B | |
| Total assets | $9.49B | $9.87B | $8.74B | $7.52B | $9.36B | $10B | $9.82B | $9.89B | $10.8B | $10.7B | |
| Liabilities | |||||||||||
| Accounts payable | $347M | $609M | $542M | $426M | $420M | $607M | $392M | $517M | $511M | $550M | |
| Accrued expenses | $33M | $25M | $25M | $26M | $21M | $0 | $0 | $0 | $0 | $0 | |
| Short-term debt | $1.25B | $385M | $649M | $522M | $0 | $250M | $0 | $400M | $750M | $0 | |
| Deferred revenue | $1.66B | $1.8B | $1.83B | $1.89B | $2.06B | $2.17B | $2.22B | $2.18B | $2.28B | $2.32B | |
| Other current liabilities | $619M | $800M | $826M | $697M | $900M | $878M | $810M | $973M | $1.08B | $1.08B | |
| Current liabilities | $4.04B | $3.62B | $3.87B | $3.62B | $3.45B | $3.95B | $3.47B | $4.11B | $4.66B | $4.02B | |
| Long-term debt | $744M | $1.54B | $1.14B | $1.15B | $2.63B | $2.39B | $2.39B | $1.99B | $2.49B | $2.49B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $93M | $71M | $257M | $248M | $220M | $216M | $204M | |
| Deferred revenue (non-current) | $1.6B | $1.65B | $1.84B | $1.8B | $1.94B | $2.06B | $2.1B | $2.06B | $2.26B | $2.53B | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $127M | $131M | $144M | $153M | $45M | $0 | |
| Other non-current liabilities | $249M | $992M | $797M | $621M | $452M | $400M | $316M | $212M | $118M | $156M | |
| Non-current liabilities | $2.67B | $4.18B | $3.78B | $3.66B | $5.22B | $5.24B | $5.19B | $4.64B | $5.12B | $5.37B | |
| Total liabilities | $6.71B | $7.8B | $7.65B | $7.28B | $8.68B | $9.19B | $8.66B | $8.74B | $9.78B | $9.39B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $2.77B | $2.36B | $1.13B | $284M | $504M | $760M | $945M | $997M | $1.11B | $1.21B | |
| Retained earnings | $40M | -$218M | $0 | $0 | $211M | $122M | $265M | $208M | $0 | $153M | |
| Accumulated other comprehensive income | -$29M | -$70M | -$43M | -$42M | -$30M | -$44M | -$51M | -$59M | -$66M | -$11M | |
| Shareholders' equity | $2.78B | $2.07B | $1.09B | $242M | $685M | $838M | $1.16B | $1.15B | $1.04B | $1.35B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $2.12B | $1.93B | $1.79B | $1.81B | $2.75B | $2.94B | $2.68B | $2.65B | $3.49B | $2.73B | |
| Net debt (debt - cash) | -$321M | -$1.02B | -$532M | -$846M | -$1.78B | -$1.17B | $368M | $749M | $749M | $663M | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-K 2026-04-24, 10-Q 2026-01-23, 10-Q 2025-10-24, 10-Q 2025-07-25, 10-K 2025-04-25, 10-Q 2025-01-24, 10-Q 2024-10-25, 10-Q 2024-07-26
Data as of 2026-11-02