Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

Balance Sheet: Assets 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Airbnb Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
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
Cash and cash equivalents 7,600 6,864 7,670 7,882 7,829 6,874 8,175 7,905 8,166 7,378 7,524 7,838 6,887 6,067 5,995 5,673 4,483
Short-term investments 3,892 3,747 3,583 3,369 3,264 3,197 2,787 2,435 2,428 2,244 2,104 2,057 2,436 2,255 1,926 1,755 2,087
Customer receivables 174 147 175 175 175 205 206 218 185 161 151 170 123 112 114 106 96
Funds receivable and amounts held on behalf of customers 9,175 5,931 6,573 10,342 8,737 5,869 5,986 9,144 7,760 4,783 4,805 7,466 6,105 3,715 3,940 6,302 4,015
Prepaids and other current assets 454 491 318 484 388 364 369 350 330 295 283 294 211 237 246 260 247
Current assets 21,295 17,180 18,319 22,252 20,393 16,509 17,523 20,052 18,869 14,861 14,867 17,826 15,761 12,386 12,221 14,096 10,927
Deferred tax assets, net 2,459 2,439 2,601 2,825 2,886 2,881 2,775
Goodwill and intangible assets, net 775 777 783 783 786 792 676 679 682 684 685 692 699 705 712 718 723
Property and equipment, net 138 147 166 170 171 160 147 132 122 121 118 118 143 157 174 193 211
Operating lease right-of-use assets 139 144 96 103 111 119 123 131 138 138 154 165 263 272 280 289 301
Other assets, noncurrent 250 272 207 187 190 184 195 194 207 234 253 259 203 189 196 188 177
Noncurrent assets 3,761 3,779 3,853 4,068 4,144 4,136 3,916 1,136 1,149 1,177 1,210 1,233 1,307 1,322 1,361 1,389 1,412
Total assets 25,056 20,959 22,172 26,320 24,537 20,645 21,439 21,188 20,018 16,038 16,077 19,059 17,068 13,708 13,582 15,485 12,339

Based on: 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 analysis of the financial data over the periods reveals several notable trends in liquidity, asset composition, and overall asset growth.

Liquidity Position
Cash and cash equivalents generally show an increasing trend from US$4,483 million at the end of March 2021 to a peak near US$8,175 million at September 2023, followed by some volatility and a slight decline, ending around US$7,600 million by March 2025. Short-term investments follow a consistent upward path from US$2,087 million to nearly US$3,892 million over the same period, indicating an accumulation of liquid assets.
Receivables and Customer-Related Funds
Customer receivables increase moderately from US$96 million to a peak of US$218 million mid-2023, then stabilize or slightly fluctuate around lower values ending at US$174 million by March 2025. Funds receivable and amounts held on behalf of customers exhibit significant volatility but with an overall upward movement from US$4,015 million to US$9,175 million, suggesting increased transaction volume or customer balances managed by the company.
Current Assets
Current assets grow considerably from US$10,927 million in March 2021 to an eventual high exceeding US$22,000 million in mid-2024 before declining and then recovering toward US$21,295 million by the first quarter of 2025. This growth primarily reflects increases in cash, short-term investments, and fund receivables.
Noncurrent Assets and Deferred Tax Assets
Noncurrent assets are relatively stable but show a significant jump from around US$1,136 million in early 2023 to over US$4,100 million in December 2023 and remain elevated thereafter. This increase coincides with the recognition of deferred tax assets, which grow substantially to approximately US$2,459 million by the end of the observed period. The surge in deferred tax assets and noncurrent assets accounts for a major part of total asset growth in the later periods.
Fixed Assets and Intangibles
Goodwill and intangible assets show a slight decreasing trend, from US$723 million down to approximately US$775 million, mostly stable with minor fluctuations. Property and equipment steadily decline from US$211 million to about US$138 million, indicating divestment or depreciation. Operating lease right-of-use assets decrease from US$301 million to about US$139 million, reflecting reduced leased asset usage over time.
Total Assets
Total assets increase from US$12,339 million in March 2021 to a peak near US$26,320 million in mid-2024, driven largely by increases in current and deferred tax assets. A subsequent decline occurs toward the end of 2024, followed by a recovery to over US$25,000 million by early 2025. The overall trajectory suggests significant asset growth, especially in liquid and deferred tax assets, with fluctuations in fixed and lease assets.

In summary, the company exhibits strong liquidity position improvements, an expansion in assets managed on behalf of customers, and a marked growth in noncurrent assets largely attributable to deferred tax assets. Conversely, fixed physical assets and lease assets decline steadily, which may reflect strategic shifts in asset management or operational models. Total asset growth is robust through the periods analyzed, albeit with noticeable fluctuations in the latter stages.


Assets: Selected Items


Current Assets: Selected Items