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

	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	11,639)	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	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	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	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	2,658)	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	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	9,141)	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	2,084)	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	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	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	13,570)	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	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	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	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 display considerable volatility over the periods, with a notable peak in April 2020 at $15,494 million, followed by a significant decline until January 2021. Subsequent quarters show a recovery and generally increasing trend, reaching new highs in the 2024 period, peaking noticeably at $15,234 million in April 2025 before falling again.
Marketable Securities: Marketable securities exhibit a generally increasing trajectory, starting from a lower base in early 2019 and rising consistently through the periods. There is a marked acceleration from early 2021 onward, reaching $45,152 million in July 2025, which indicates a strategic accumulation of liquid investments over time.
Accounts Receivable, Net: Accounts receivable demonstrate steady growth with some fluctuations. Starting at $1,242 million in April 2019, the figure grows substantially, with sharper increases visible from mid-2022 onwards. The rising trend continues strongly into 2025, suggesting expanding sales volumes or extended credit terms.
Inventories: Inventories follow an upward trend throughout the periods, increasing from $1,426 million in early 2019 to $14,962 million by July 2025. The growth is consistent, indicating expanding operational scale but potentially also raising concerns about inventory management or demand forecasting in later periods.
Prepaid Expenses and Other Current Assets: This category shows growth with some interim fluctuations. More pronounced increases occur around 2022 and beyond, reaching a peak near $4,062 million in May 2023. The subsequent slight decline through 2024-2025 suggests adjustments in prepaid outlays or asset reclassification.
Current Assets: Current assets have increased impressively from $10,629 million in early 2019 to $102,219 million by July 2025. This reflects the combined impact of increments in cash, marketable securities, receivables, inventories, and other liquid or short-term resources, signifying strong liquidity growth and working capital expansion.
Property and Equipment, Net: Property and equipment show gradual, steady growth from $1,473 million to $9,141 million over the examined periods. This trend indicates ongoing capital investment and asset accumulation, consistent with business expansion or modernization efforts.
Operating Lease Assets: Operating lease assets increase steadily from $536 million to $2,084 million, reflecting possibly expanded leasing activities or reclassification under lease accounting standards, implying greater use of leased operational resources.
Goodwill: Goodwill remains relatively stable with a step increase around mid-2020, from about $618 million to over $4,193 million, reflecting major acquisitions or business combinations. It continues a slow, steady rise to $5,755 million by July 2025, indicating ongoing acquisition-related intangible asset recognition.
Intangible Assets, Net: Intangible assets show a notable decline from their peak in mid-2020 ($2,854 million) to around $755 million by July 2025, indicating significant amortization or impairment over time, consistent with expected amortization schedules or diminishing asset values.
Deferred Income Tax Assets: The deferred income tax assets trend upward consistently, growing from $601 million in early 2019 to $13,570 million by July 2025. This represents increasing future tax benefits, possibly due to timing differences, accelerated tax credits, or loss carryforwards.
Other Assets: Other assets remain relatively low and stable initially but spike significantly from mid-2020 ($1,570 million) onward, reaching $7,216 million by July 2025. This increase suggests accumulation of miscellaneous, perhaps non-current assets, possibly including investments, deposits, or non-traditional asset categories.
Long-term Assets: Long-term assets have grown significantly, from about $3,392 million in early 2019 to $38,521 million by July 2025. This consistent increase highlights an expansion in capital-intensive or long-duration assets, supporting the growth and development of long-term operations.
Total Assets: Total assets exhibit a robust upward trajectory, starting at $14,021 million and culminating at $140,740 million by July 2025, reflecting substantial growth in all asset categories. The almost tenfold increase over the period suggests aggressive expansion strategies, rising operational scale, and substantial investment in asset bases to support business growth.

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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