Name: Marvell Technology Inc. (NASDAQ:MRVL) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Marvell Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Jan 31, 2026	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Accounts payable	1,073,800)	622,200)	411,300)	465,800)	461,509)	252,419)
Variable consideration estimates	713,800)	517,900)	610,700)	572,800)	258,614)	180,995)
Accrued income taxes payable	228,300)	55,600)	17,800)	118,400)	23,348)	2,246)
Technology license obligations	84,100)	101,800)	105,700)	119,100)	84,185)	71,130)
Operating lease liabilities, current portion	56,500)	48,300)	39,400)	43,800)	38,151)	32,461)
Accrued restructuring	55,100)	91,500)	16,100)	—)	—)	—)
Accrued interest	45,700)	43,500)	41,300)	22,100)	20,116)	8,709)
Deferred revenue	40,100)	22,100)	43,200)	45,200)	38,962)	16,146)
Accrued royalties	25,100)	11,700)	76,500)	102,000)	8,537)	50,101)
Other	88,400)	80,200)	82,200)	68,600)	150,648)	73,828)
Accrued liabilities	1,337,100)	972,600)	1,032,900)	1,092,000)	622,561)	435,616)
Accrued employee compensation	309,800)	302,500)	262,700)	244,500)	241,306)	189,421)
Short-term debt	499,800)	129,500)	107,300)	584,400)	63,166)	199,641)
Current liabilities	3,220,500)	2,026,800)	1,814,200)	2,386,700)	1,388,542)	1,077,097)
Long-term debt	3,970,800)	3,934,300)	4,058,600)	3,907,700)	4,484,811)	993,170)
Operating lease liabilities, non-current	263,200)	231,000)	196,000)	201,600)	140,349)	104,417)
Non-current restructuring liabilities	193,900)	228,400)	900)	800)	1,241)	1,757)
Technology license obligations	160,400)	233,800)	196,500)	267,000)	304,343)	86,241)
Non-current income taxes payable	117,400)	73,400)	56,600)	28,500)	34,963)	22,526)
Deferred tax liabilities	20,500)	33,800)	58,700)	64,200)	34,508)	22,359)
Other	30,200)	16,000)	15,600)	28,400)	17,743)	21,553)
Other non-current liabilities	785,600)	816,400)	524,300)	590,500)	533,147)	258,853)
Non-current liabilities	4,756,400)	4,750,700)	4,582,900)	4,498,200)	5,017,958)	1,252,023)
Total liabilities	7,976,900)	6,777,500)	6,397,100)	6,884,900)	6,406,500)	2,329,120)
Preferred stock, $0.002 par value; no shares issued and outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.002 par value	1,700)	1,700)	1,700)	1,700)	1,692)	1,350)
Additional paid-in capital	12,950,900)	14,534,100)	14,845,300)	14,512,000)	14,209,047)	6,331,013)
Accumulated other comprehensive income	—)	400)	1,100)	—)	—)	—)
Retained earnings (accumulated deficit)	1,355,800)	(1,109,200)	(16,700)	1,123,500)	1,491,358)	2,103,441)
Stockholders’ equity	14,308,400)	13,427,000)	14,831,400)	15,637,200)	15,702,097)	8,435,804)
Total liabilities and stockholders’ equity	22,285,300)	20,204,500)	21,228,500)	22,522,100)	22,108,597)	10,764,924)

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30).

The financial position of the company is characterized by a significant expansion of the balance sheet and a substantial increase in leverage over the analyzed period. Total liabilities grew from 2.33 billion US dollars in January 2021 to 7.98 billion US dollars by January 2026, representing a more than threefold increase. This expansion is primarily driven by a strategic shift in debt structure and an increase in operational obligations.

Debt and Long-Term Obligations: A profound shift in the capital structure occurred between January 2021 and January 2022, where long-term debt escalated from 993.17 million US dollars to 4.48 billion US dollars. Following this surge, long-term debt remained relatively stable, fluctuating between 3.9 billion and 4.1 billion US dollars through January 2026. Short-term debt exhibited higher volatility, peaking at 584.4 million US dollars in January 2023 before ending the period at 499.8 million US dollars.
Current Liability Trends: Current liabilities demonstrated a consistent upward trajectory, rising from 1.08 billion US dollars in 2021 to 3.22 billion US dollars in 2026. A primary driver of this increase is accounts payable, which grew from 252.42 million US dollars to 1.07 billion US dollars, suggesting an increase in procurement volume or a shift in supplier payment terms. Additionally, variable consideration estimates showed a general increase, peaking at 713.8 million US dollars in 2026.
Stockholders' Equity and Capitalization: Total stockholders' equity increased from 8.44 billion US dollars in 2021 to 14.31 billion US dollars in 2026. This was largely supported by a significant spike in additional paid-in capital, which rose from 6.33 billion US dollars in 2021 to a peak of 14.85 billion US dollars in 2024. A notable volatility is observed in retained earnings, which transitioned from a positive balance of 2.10 billion US dollars in 2021 to an accumulated deficit of 1.11 billion US dollars by February 2025, before recovering to a positive 1.36 billion US dollars in January 2026.
Restructuring and Other Liabilities: The data indicates an increase in restructuring activities toward the end of the period. Non-current restructuring liabilities surged from nominal amounts to 228.4 million US dollars in February 2025. Accrued income taxes payable also showed a sharp increase in the final year, reaching 228.3 million US dollars in January 2026, compared to 2.25 million US dollars at the start of the analysis.

Overall, the company has transitioned to a significantly larger balance sheet, utilizing substantial long-term debt and equity infusions to fund its operations. While the increase in total liabilities is pronounced, the recovery of retained earnings in the final period suggests a return to profitability or a significant adjustment in capital allocation.

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