Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

$24.99

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.

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

US$ in millions

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
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Prepaid expenses and other current assets
Current assets
Non-marketable equity investments
Property and equipment, net
Operating lease right-of-use assets
Goodwill
Other assets
Non-current assets
Total assets

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 asset composition of the company exhibits notable shifts over the observed period, spanning from March 2021 to December 2025. Current assets demonstrate volatility, while non-current assets generally trend upward, particularly in the later years. A significant increase in cash and cash equivalents is observed in the latter half of the period, coinciding with fluctuations in marketable securities.

Current Assets
Current assets initially increased from $77.322 billion in March 2021 to $80.697 billion in June 2021, before declining to $66.666 billion by December 2021. A recovery began in 2022, reaching $78.378 billion in September 2023, and culminating in a substantial increase to $108.722 billion by December 2025. This increase is largely driven by significant growth in cash and cash equivalents and accounts receivable. Accounts receivable show a consistent increase over the period, with a notable jump in the latter half of 2023 and continuing into 2024 and 2025. Prepaid expenses and other current assets fluctuate, but remain relatively stable compared to other current asset components.
Cash and Cash Equivalents & Marketable Securities
Cash and cash equivalents decreased from $19.513 billion in March 2021 to a low of $12.681 billion in June 2022. However, a dramatic increase is then observed, peaking at $43.889 billion in December 2022, and continuing to $35.873 billion by December 2023, and finally reaching $12.005 billion in June 2025. This movement appears inversely related to marketable securities, which decreased from $44.706 billion in March 2021 to $23.541 billion in December 2022, before increasing to $45.719 billion by December 2025. The combined value of these liquid assets remains substantial throughout the period, indicating a strong liquidity position, though with shifting allocations between cash and securities.
Non-Current Assets
Non-current assets demonstrate a consistent upward trend throughout the period, increasing from $86.201 billion in March 2021 to $257.299 billion by December 2025. Property and equipment, net, is the largest component of non-current assets and exhibits a steady increase, rising from $47.720 billion to $176.400 billion over the period. Goodwill remains relatively stable until December 2025, where it increases to $24.534 billion. Non-marketable equity investments also show a significant increase in the latter part of the period, rising from $6.167 billion in December 2023 to $27.524 billion in December 2025. Operating lease right-of-use assets also show a consistent, though more moderate, increase.
Total Assets
Total assets follow the combined trends of current and non-current assets. After initial fluctuations, total assets demonstrate a strong upward trajectory, increasing from $163.523 billion in March 2021 to $366.021 billion in December 2025. This growth is primarily driven by the substantial increase in non-current assets, particularly property and equipment, net, and non-marketable equity investments.

The company’s asset base has undergone significant changes, with a notable shift towards increased investment in long-term assets and a substantial accumulation of cash in recent quarters. The fluctuations in current assets, particularly cash and marketable securities, warrant further investigation to understand the underlying investment and operational strategies.


Assets: Selected Items


Current Assets: Selected Items