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.

NVIDIA Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Oct 26, 2025	Jul 27, 2025	Apr 27, 2025	Jan 26, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Cash and cash equivalents	11,486)	11,639)	15,234)	8,589)	9,107)	8,563)	7,587)	7,280)	5,519)	5,783)	5,079)	3,389)	2,800)	3,013)	3,887)	1,990)	1,288)	5,628)	978)	847)	2,251)	3,274)	15,494)	10,896)	9,765)	7,105)	2,772)
Marketable securities	49,122)	45,152)	38,457)	34,621)	29,380)	26,237)	23,851)	18,704)	12,762)	10,240)	10,241)	9,907)	10,343)	14,024)	16,451)	19,218)	18,010)	14,026)	11,689)	10,714)	7,888)	7,707)	860)	1)	4)	1,370)	5,030)
Accounts receivable, net	33,391)	27,808)	22,132)	23,065)	17,693)	14,132)	12,365)	9,999)	8,309)	7,066)	4,080)	3,827)	4,908)	5,317)	5,438)	4,650)	3,954)	3,586)	3,024)	2,429)	2,546)	2,084)	1,907)	1,657)	1,455)	1,561)	1,242)
Inventories	19,784)	14,962)	11,333)	10,080)	7,654)	6,675)	5,864)	5,282)	4,779)	4,319)	4,611)	5,159)	4,454)	3,889)	3,163)	2,605)	2,233)	2,114)	1,992)	1,826)	1,495)	1,401)	1,128)	979)	1,047)	1,204)	1,426)
Prepaid expenses and other current assets	2,709)	2,658)	2,779)	3,771)	3,806)	4,026)	4,062)	3,080)	1,289)	1,389)	872)	791)	718)	1,175)	636)	366)	321)	452)	444)	239)	213)	215)	195)	157)	149)	151)	159)
Current assets	116,492)	102,219)	89,935)	80,126)	67,640)	59,633)	53,729)	44,345)	32,658)	28,797)	24,883)	23,073)	23,223)	27,418)	29,575)	28,829)	25,806)	25,806)	18,127)	16,055)	14,393)	14,681)	19,584)	13,690)	12,420)	11,391)	10,629)
Property and equipment, net	9,780)	9,141)	7,136)	6,283)	5,343)	4,885)	4,006)	3,914)	3,844)	3,799)	3,740)	3,807)	3,774)	3,233)	2,916)	2,778)	2,509)	2,364)	2,268)	2,149)	2,059)	1,964)	1,715)	1,674)	1,517)	1,484)	1,473)
Operating lease assets	2,281)	2,084)	1,810)	1,793)	1,755)	1,556)	1,532)	1,346)	1,316)	1,235)	1,094)	1,038)	927)	852)	856)	829)	830)	801)	727)	707)	681)	701)	595)	618)	527)	535)	536)
Goodwill	6,261)	5,755)	5,498)	5,188)	4,724)	4,622)	4,453)	4,430)	4,430)	4,430)	4,430)	4,372)	4,372)	4,372)	4,365)	4,349)	4,302)	4,193)	4,193)	4,193)	4,193)	4,193)	628)	618)	618)	618)	618)
Intangible assets, net	936)	755)	769)	807)	838)	952)	986)	1,112)	1,251)	1,395)	1,541)	1,676)	1,850)	2,036)	2,211)	2,339)	2,454)	2,478)	2,613)	2,737)	2,861)	2,854)	80)	49)	43)	49)	54)
Deferred income tax assets	13,674)	13,570)	13,318)	10,979)	10,276)	9,578)	7,798)	6,081)	5,982)	5,398)	4,568)	3,396)	2,762)	2,225)	1,784)	1,222)	970)	958)	778)	806)	666)	630)	533)	548)	569)	588)	601)
Other assets	11,724)	7,216)	6,788)	6,425)	5,437)	4,001)	4,568)	4,500)	4,667)	4,501)	4,204)	3,820)	3,580)	3,340)	3,505)	3,841)	3,761)	2,050)	2,090)	2,144)	2,028)	157)	119)	118)	116)	110)	110)
Long-term assets	44,656)	38,521)	35,319)	31,475)	28,373)	25,594)	23,343)	21,383)	21,490)	20,758)	19,577)	18,109)	17,265)	16,058)	15,637)	15,358)	14,826)	12,844)	12,669)	12,736)	12,488)	10,499)	3,670)	3,625)	3,390)	3,384)	3,392)
Total assets	161,148)	140,740)	125,254)	111,601)	96,013)	85,227)	77,072)	65,728)	54,148)	49,555)	44,460)	41,182)	40,488)	43,476)	45,212)	44,187)	40,632)	38,650)	30,796)	28,791)	26,881)	25,180)	23,254)	17,315)	15,810)	14,775)	14,021)

Cash and cash equivalents: The cash and cash equivalents show considerable volatility across the periods, with a peak at approximately $15.2 billion in Q2 2025. Notable declines occur during mid-to-late 2020 and early 2022, but the overall trend points to a recovery and subsequent increase in recent quarters.
Marketable securities: Marketable securities display substantial growth from early 2021 onward, increasing from around $10.7 billion to approximately $49.1 billion by Q4 2025. This indicates an increased allocation of liquid assets to marketable securities over time.
Accounts receivable, net: This item generally trends upward, rising steadily from about $1.2 billion in Q2 2019 to over $33 billion in Q4 2025. This increase suggests higher sales on credit or extended payment terms with customers as operations expand.
Inventories: Inventories also increase significantly over the periods, from roughly $1.4 billion to nearly $19.8 billion. After peaking in Q1 2023 around $5.2 billion, inventories experience rapid growth, indicating possibly rising production or stockpiling efforts to meet demand.
Prepaid expenses and other current assets: Prepaid expenses and other current assets follow a moderately upward trajectory, spiking noticeably around Q2 2023 and again in mid-2024. Fluctuations may reflect changes in advance payments for services or shifting asset categories.
Current assets: Current assets grow consistently from $10.6 billion to over $116 billion, with the most pronounced acceleration occurring from mid-2023 forward. This increase is largely driven by the expansion in cash, marketable securities, receivables, and inventories, underscoring a strengthened short-term asset base.
Property and equipment, net: Property and equipment steadily increase from $1.5 billion to $9.8 billion across the timeline, reflecting ongoing investments in fixed assets possibly linked to capacity expansion or technological upgrades.
Operating lease assets: Operating lease assets show a gradual increase, rising from around $536 million in early 2019 to $2.3 billion by late 2025. This suggests an increased reliance on leasing arrangements or new leased properties.
Goodwill: Goodwill remains fairly steady until mid-2020, then jumps significantly to over $4 billion, continuing a modest upward trend thereafter, reaching about $6.3 billion in late 2025. This rise may result from acquisitions or restructuring activities.
Intangible assets, net: Intangible assets show an initial increase through mid-2020, peaking near $2.9 billion, followed by a consistent and steady decline to below $1 billion by Q4 2025. This pattern could indicate amortization of intangible assets or impairment charges over time.
Deferred income tax assets: Deferred income tax assets rise from approximately $600 million to nearly $14 billion, with consistent growth across the periods. This increase might reflect deferred tax benefits related to net operating losses or timing differences.
Other assets: Other assets increase substantially, from about $110 million to more than $11.7 billion, particularly after mid-2020. This suggests recognition of additional asset categories or reclassification of items that contribute to long-term resources.
Long-term assets: Long-term assets demonstrate a strong upward trend, growing from roughly $3.4 billion in early 2019 to nearly $44.7 billion by the end of the analyzed period. This expansion aligns with investments in property, goodwill, deferred tax assets, and other long-term holdings.
Total assets: Total assets show consistent and robust growth from about $14 billion to over $161 billion. The sharpest increases appear in the latter periods, driven by gains in both current and long-term assets, highlighting significant corporate growth and investment activity.

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NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data