Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

$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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Palo Alto Networks Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Apr 30, 2026 Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable, net of allowance for credit losses
Short-term financing receivables, net
Short-term deferred contract costs
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease right-of-use assets
Long-term investments
Long-term financing receivables, net
Long-term deferred contract costs
Goodwill
Intangible assets, net
Deferred tax assets
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-04-30), 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31).


Total assets exhibit a substantial long-term upward trajectory, growing from 6,825 million US dollars in October 2019 to 46,266 million US dollars by April 2026. This expansion is characterized by a steady increase in current assets and an exponential rise in long-term assets, particularly during the final quarters of the observed period.

Liquidity and Current Asset Trends
Current assets grew from 3,650 million US dollars to 7,713 million US dollars. Cash and cash equivalents showed volatility but maintained a general upward trend, peaking at 4,158 million US dollars in January 2026. Accounts receivable, net of allowance, demonstrated significant growth, rising from 499 million US dollars to 2,852 million US dollars, suggesting an increase in credit sales or a shift in collection timelines as the business scaled.
Inorganic Growth and Intangible Assets
The most pronounced growth is observed in goodwill and intangible assets, particularly between October 2025 and April 2026. Goodwill escalated from 4,567 million US dollars to 21,902 million US dollars, while net intangible assets surged from 723 million US dollars to 7,283 million US dollars. This pattern indicates a massive acquisition or a series of strategic mergers during the first half of 2026, fundamentally altering the balance sheet structure.
Long-term Investment and Tax Assets
Long-term investments experienced steady growth for the majority of the period, rising from 468 million US dollars in October 2019 to a peak of 5,982 million US dollars in October 2025, before correcting to 3,881 million US dollars by April 2026. Additionally, deferred tax assets appeared in January 2024 at 2,234 million US dollars and remained relatively stable through April 2026, contributing to the overall growth of long-term assets.
Financing and Contractual Assets
Beginning in July 2023, short-term and long-term financing receivables were introduced to the balance sheet. Short-term financing receivables peaked at 805 million US dollars in October 2022 (incorrect—looking at data: peaked at 805M in Oct 2024), while long-term financing receivables reached a high of 1,182 million US dollars in July 2024. Deferred contract costs, both short-term and long-term, remained consistent throughout the period, reflecting a stable approach to amortizing customer acquisition costs.

Assets: Selected Items


Current Assets: Selected Items