Stock Analysis on Net
Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

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

US$ in millions

Microsoft Excel
Jul 26, 2026 Apr 26, 2026 Jan 25, 2026 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
Cash and cash equivalents
Marketable debt securities
Marketable equity securities
Marketable securities (legacy)
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease assets
Goodwill
Intangible assets, net
Deferred income tax assets
Non-marketable securities
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-07-26), 10-Q (reporting date: 2026-04-26), 10-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26).


Total assets exhibit exponential growth over the analyzed period, increasing from 23,254 million USD in April 2020 to 320,272 million USD by July 2026. This expansion is driven primarily by a massive increase in both current and long-term assets, reflecting a significant scaling of the corporate balance sheet.

Liquidity and Cash Position
Cash and cash equivalents showed volatility in the early periods, dropping significantly between April 2020 and January 2021 before entering a sustained recovery phase. By July 2026, this position reached 22,443 million USD. A notable structural shift in the portfolio occurred in January 2026, where legacy marketable securities were replaced by specific classifications of marketable debt and equity securities. By July 2026, the combined value of these securities exceeded 75,000 million USD, indicating a sophisticated diversification of liquid reserves.
Working Capital Trends
Accounts receivable, net, demonstrate a sharp upward trajectory, growing from 1,907 million USD in April 2020 to 63,059 million USD in July 2026. This suggests a substantial increase in sales volume and credit extension to customers. Similarly, inventories grew from 1,128 million USD to 31,575 million USD over the same period, reflecting the increased operational scale and the necessity for higher stock levels to support expanded demand.
Long-term Asset Evolution
Long-term assets increased from 3,670 million USD to 122,860 million USD. While property and equipment grew steadily, the most significant acceleration occurred in the latter part of the period. A substantial increase in goodwill is observed starting in January 2026, jumping from approximately 6,261 million USD to 20,832 million USD, which typically indicates significant acquisition activity. Furthermore, the emergence and rapid growth of non-marketable securities, reaching 51,157 million USD by July 2026, point toward strategic long-term investments.
Deferred Tax and Other Assets
Deferred income tax assets grew consistently from 533 million USD in April 2020 to peak at 13,674 million USD in October 2025 before stabilizing around 12,159 million USD. Other assets also saw an increase, particularly in the final year of the analysis, reaching 15,746 million USD by July 2026.

The overall trajectory indicates a transition from a lean asset base to a massive capital structure characterized by high liquidity, significant investment in working capital, and a strategic shift toward larger-scale acquisitions and non-marketable investments in the 2026 fiscal period.


Assets: Selected Items


Current Assets: Selected Items