Stock Analysis on Net
Stock Analysis on Net

Marvell Technology Inc. (NASDAQ:MRVL)

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

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

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Aug 1, 2026 May 2, 2026 Jan 31, 2026 Nov 1, 2025 Aug 2, 2025 May 3, 2025 Feb 1, 2025 Nov 2, 2024 Aug 3, 2024 May 4, 2024 Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020
Accounts payable 2.90 2.63 4.82 2.94 2.97 2.81 3.08 2.73 2.23 1.57 1.94 1.93 1.90 1.74 2.07 2.11 2.21 2.51 2.09 2.00 1.78 1.43 2.34 2.07 2.18 1.69
Accrued liabilities 5.17 4.96 6.00 6.26 5.24 4.69 4.81 4.19 3.76 4.20 4.87 5.15 4.91 4.36 4.85 4.94 3.72 3.34 2.82 2.37 2.49 2.25 4.05 3.76 3.72 3.47
Accrued employee compensation 1.00 0.86 1.39 1.17 1.02 0.92 1.50 1.37 0.99 0.82 1.24 1.13 0.85 0.83 1.09 1.10 0.85 0.87 1.09 1.01 0.74 0.73 1.76 1.74 1.20 1.13
Short-term convertible debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.91 0.00 0.00 0.00 0.00
Short-term debt 0.00 0.00 2.24 2.31 2.43 6.27 0.64 0.66 0.64 0.58 0.51 0.44 4.68 6.81 2.59 2.59 2.95 0.34 0.29 0.24 0.20 0.14 1.85 3.22 4.10 0.00
Current liabilities 9.07% 8.45% 14.45% 12.68% 11.65% 14.69% 10.03% 8.95% 7.62% 7.16% 8.55% 8.66% 12.35% 13.74% 10.60% 10.75% 9.73% 7.05% 6.28% 5.62% 5.20% 5.46% 10.01% 10.79% 11.21% 6.29%
Long-term convertible debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
Long-term debt 18.01 18.41 17.82 18.39 19.27 14.87 19.47 20.11 19.69 19.66 19.12 18.83 14.41 14.16 17.35 17.44 17.81 20.26 20.29 20.46 22.38 22.01 9.23 9.17 9.08 13.11
Other non-current liabilities 5.66 5.53 3.53 3.78 3.87 3.96 4.04 3.11 2.69 2.52 2.47 2.36 2.49 2.53 2.62 2.73 2.39 2.52 2.41 2.68 1.68 2.54 2.40 2.53 2.67 2.87
Non-current liabilities 23.67% 23.95% 21.34% 22.18% 23.15% 18.83% 23.51% 23.23% 22.38% 22.18% 21.59% 21.19% 16.90% 16.69% 19.97% 20.17% 20.20% 22.78% 22.70% 23.14% 24.06% 24.56% 11.63% 11.71% 11.75% 15.98%
Total liabilities 32.75% 32.40% 35.79% 34.86% 34.80% 33.52% 33.54% 32.17% 30.00% 29.34% 30.13% 29.85% 29.24% 30.44% 30.57% 30.92% 29.92% 29.83% 28.98% 28.76% 29.26% 30.03% 21.64% 22.50% 22.96% 22.27%
Preferred stock, $0.002 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.002 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 61.48 62.64 58.11 60.45 69.27 71.39 71.93 74.20 72.60 72.04 69.93 68.18 67.79 65.50 64.43 63.79 64.53 64.38 64.27 64.26 62.82 60.66 58.81 57.84 56.97 55.96
Accumulated other comprehensive income (loss) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01
Retained earnings (accumulated deficit) 5.77 4.96 6.08 4.68 -4.08 -4.91 -5.49 -6.38 -2.61 -1.39 -0.08 1.97 2.96 4.06 4.99 5.28 5.54 5.78 6.75 6.98 7.91 9.30 19.54 19.65 20.05 21.75
Stockholders’ equity 67.25% 67.60% 64.21% 65.14% 65.20% 66.48% 66.46% 67.83% 70.00% 70.66% 69.87% 70.15% 70.76% 69.56% 69.43% 69.08% 70.08% 70.17% 71.02% 71.24% 70.74% 69.97% 78.36% 77.50% 77.04% 77.73%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-08-01), 10-Q (reporting date: 2026-05-02), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-K (reporting date: 2025-02-01), 10-Q (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02).

The capital structure exhibits a gradual shift toward increased leverage over the analyzed period. Total liabilities as a percentage of total liabilities and stockholders’ equity rose from 22.27% in May 2020 to a peak of 35.79% in January 2026, before stabilizing around 32.75% by August 2026. This increase in the liability ratio corresponds with a proportional decrease in stockholders' equity, which declined from 77.73% to 67.25% over the same timeframe.

Debt and Liability Composition
A significant structural shift in long-term financing occurred in May 2021, where long-term debt jumped from approximately 9% to 22%. While this figure fluctuated, it remained substantially higher than early 2020 levels, generally oscillating between 17% and 20% in later periods. Current liabilities showed higher volatility, peaking at 14.69% in February 2025 and 14.45% in January 2026, driven partly by fluctuations in short-term debt and accrued liabilities.
Accrued liabilities demonstrated a steady upward trend, increasing from 3.47% in May 2020 to 5.17% by August 2026. Similarly, accounts payable rose from 1.69% to 2.90%, indicating an increase in operational obligations relative to the total balance sheet size.
Equity Dynamics and Retained Earnings
The composition of stockholders' equity underwent substantial changes, most notably within retained earnings. A persistent downward trend is observed from May 2020 (21.75%), leading to a period of accumulated deficits that peaked at -6.38% in November 2024. A recovery trend followed, with retained earnings returning to positive territory and reaching 5.77% by August 2026.
Additional paid-in capital served as a primary driver of equity for much of the period, expanding from 55.96% in May 2020 to a peak of 74.20% in November 2024. However, this proportion contracted to 61.48% by August 2026, coinciding with the recovery of retained earnings and changes in total liabilities.

Overall, the financial profile transitioned from a highly equity-funded position with strong retained earnings to one with higher debt reliance and a period of equity erosion, followed by recent signs of stabilization and a return to positive retained earnings.

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