Stock Analysis on Net
Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paying user area

Try for free

Palo Alto Networks Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Palo Alto Networks Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable
Accrued compensation
Accrued and other liabilities
Deferred revenue
Short-term convertible senior notes
Current liabilities
Long-term convertible senior notes
Long-term deferred revenue
Deferred tax liabilities
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Temporary equity
Preferred stock; $0.0001 par value; none issued and outstanding
Common stock and additional paid-in capital; $0.0001 par value
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Stockholders’ equity
Total liabilities, temporary equity and stockholders’ equity

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).

The financial position of the organization reflects a period of substantial balance sheet expansion, characterized by a significant increase in both total liabilities and stockholders' equity. Total liabilities grew from 5.31 billion USD in October 2019 to 18.60 billion USD by April 2026, while stockholders' equity experienced a dramatic escalation, particularly in the final period, reaching 27.67 billion USD.

Liability Composition and Debt Dynamics
Current liabilities exhibited a general upward trajectory, rising from 2.05 billion USD to 9.01 billion USD over the analyzed period. A primary driver of this increase was the growth in deferred revenue. Additionally, short-term convertible senior notes showed significant volatility, peaking between January 2021 and July 2022 at approximately 3.68 billion USD before being systematically reduced to 160 million USD by April 2026. Long-term liabilities similarly trended upward, ending at 9.59 billion USD, with a notable reappearance of long-term convertible senior notes amounting to 1.19 billion USD in the final quarter.
Deferred Revenue Trends
A consistent and strong growth pattern is observed in both current and long-term deferred revenue. Current deferred revenue increased from 1.66 billion USD in October 2019 to 7.11 billion USD by April 2026. Long-term deferred revenue followed a similar path, growing from 1.36 billion USD to 6.49 billion USD. This sustained increase suggests a significant expansion in the company's contractual obligations and a growing base of prepaid services or subscriptions.
Equity Transition and Profitability
The equity structure underwent a fundamental transformation. The organization moved from a state of accumulated deficit to sustained positive retained earnings. Retained earnings transitioned from a deficit of 961 million USD in October 2019 to a positive balance of 714 million USD by January 2024, eventually reaching 3.07 billion USD by April 2026. This shift indicates a transition toward consistent net profitability. Furthermore, common stock and additional paid-in capital saw a massive increase in the final period, jumping from 6.10 billion USD in January 2026 to 24.61 billion USD in April 2026, contributing to the overall surge in stockholders' equity.
Operational Liabilities
Accrued compensation and other operating liabilities showed steady growth. Accrued compensation rose from 126 million USD to 680 million USD, while accrued and other liabilities increased from 192 million USD to 760 million USD. These trends align with the overall growth of the organization's operational scale and workforce.

Overall, the data reveals a transition from a high-leverage, deficit-carrying position to a highly capitalized structure with significant retained earnings and a strong base of deferred revenue, indicating both operational growth and improved financial stability.