Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Airbnb Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Accrued expenses, accounts payable, and other current liabilities
Funds payable and amounts payable to customers
Current portion of long-term debt
Unearned fees
Current liabilities
Long-term debt, net of current portion
Other liabilities, noncurrent
Noncurrent liabilities
Total liabilities
Common stock, $0.0001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period, from March 31, 2021, to December 31, 2025. Overall, the proportion of total liabilities generally increased relative to stockholders’ equity, particularly in the earlier part of the period, before stabilizing and showing some fluctuation in later quarters.

Current Liabilities
Current liabilities, as a percentage of total liabilities and stockholders’ equity, demonstrated a peak in June 2021 at 61.33%. This was largely driven by increases in funds payable and amounts payable to customers. Following this peak, current liabilities decreased, reaching a low of 45.81% in September 2023, before increasing again to 61.46% by December 2023 and 63.08% by December 2025. The fluctuations within current liabilities were primarily influenced by changes in funds payable and unearned fees.
Funds Payable and Amounts Payable to Customers
This component consistently represented a significant portion of total liabilities and stockholders’ equity, ranging from approximately 27.92% to 43.16% throughout the period. A clear upward trend was observed from March 2021 (32.54%) to June 2023 (43.16%), suggesting an increasing reliance on customer-related deferred revenue. This trend reversed somewhat in the latter part of the period, decreasing to 31.34% by December 2025.
Long-Term Debt
The proportion of long-term debt decreased from 16.04% in March 2021 to a low of 9.28% in September 2023, indicating a reduction in long-term financing. It then experienced a modest increase, reaching 9.52% in December 2022, before decreasing again. The introduction of a current portion of long-term debt in March 2025 (7.97%) suggests a potential restructuring or upcoming maturities.
Stockholders’ Equity
Stockholders’ equity as a percentage of the total decreased from 25.61% in March 2021 to a low of 23.88% in June 2023. This decline was primarily attributable to the accumulation of deficit, which consistently reduced the equity position. However, equity showed some recovery in later periods, increasing to 36.92% by December 2025, driven by a slowing rate of deficit accumulation and increases in additional paid-in capital. Additional paid-in capital fluctuated, but generally decreased from 83.79% in March 2021 to 58.26% in September 2025.
Accrued Expenses and Other Current Liabilities & Unearned Fees
These two components exhibited relatively stable percentages of the total, fluctuating within a range of approximately 9% to 14% and 6% to 11% respectively. While not driving major shifts in the overall composition, they represent consistent obligations and deferred revenue streams.

In summary, the balance sheet composition shifted towards a greater reliance on liabilities, particularly funds payable, in the earlier part of the period. While stockholders’ equity experienced a decline due to accumulated deficits, it showed signs of stabilization and modest growth in the later quarters. The reduction in long-term debt suggests a strategic shift in financing practices.