Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Super Micro Computer Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Jun 30, 2026 Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Accounts payable 7.50 9.14 14.98 21.14 20.45 27.31
Customer deposits 1.05 1.86 0.48 0.00 0.00 0.00
Accrued payroll and related expenses 0.54 0.59 0.63 0.00 0.00 0.00
Customer-related liabilities 0.45 0.23 0.43 0.00 0.00 0.00
Input tax payable 0.32 0.28 0.14 0.00 0.00 0.00
Accrued interest, lines of credit and term loans 0.20 0.00 0.00 0.00 0.00 0.00
Accrued cooperative marketing expenses 0.17 0.19 0.16 0.00 0.00 0.00
Operating lease liability, current 0.14 0.15 0.09 0.21 0.22 0.28
Import tax and tariff liabilities 0.10 0.15 0.00 0.00 0.00 0.00
Accrued professional fees 0.09 0.06 0.02 0.00 0.00 0.00
Accrued Interest, convertible notes 0.09 0.20 0.00 0.00 0.00 0.00
Accrued warranty costs 0.06 0.07 0.10 0.25 0.28 0.45
Accrued preferred stock dividends 0.04 0.00 0.00 0.00 0.00 0.00
Other 0.19 0.26 0.58 4.00 6.12 7.24
Accrued liabilities 3.45% 4.03% 2.64% 4.46% 6.63% 7.98%
Income taxes payable 0.88 0.38 0.19 3.51 1.30 0.57
Lines of credit and term loans, current 6.81 0.54 4.09 4.63 14.01 2.83
Deferred revenue 5.27 2.63 1.96 3.66 3.47 4.53
Current liabilities 23.91% 16.73% 23.87% 37.41% 45.87% 43.22%
Deferred revenue, non-current 3.45 2.59 2.27 4.62 3.82 4.50
Lines of credit and term loans, non-current 6.73 0.27 0.75 3.27 4.61 1.55
Convertible notes 15.58 33.14 17.28 0.00 0.00 0.00
Other long-term liabilities 1.97 2.33 0.69 1.03 1.22 1.83
Non-current liabilities 27.74% 38.32% 21.00% 8.92% 9.65% 7.88%
Total liabilities 51.65% 55.05% 44.87% 46.33% 55.52% 51.10%
Preferred Stock and additional paid-in capital, $0.001 par value, Series A Mandatory Convertible Preferred Stock 14.11 0.00 0.00 0.00 0.00 0.00
Common stock and additional paid-in capital, $0.001 par value 15.36 20.45 28.81 14.65 15.03 19.54
Accumulated other comprehensive income 0.00 0.01 0.01 0.02 0.03 0.02
Retained earnings 18.87 24.50 26.31 39.00 29.42 29.34
Total Super Micro Computer, Inc. stockholders’ equity 48.35% 44.95% 55.13% 53.66% 44.48% 48.90%
Non-controlling interest 0.00 0.00 0.00 0.00 0.01 0.01
Total stockholders’ equity 48.35% 44.95% 55.13% 53.67% 44.48% 48.90%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30).

The capital structure demonstrates a fluctuating balance between total liabilities and stockholders' equity over the analyzed period. Total liabilities peaked at 55.52% in 2022 and 55.05% in 2025, while stockholders' equity reached its highest relative proportion of 55.13% in 2024. This suggests a dynamic approach to financing, transitioning between equity-heavy and debt-heavy positions.

Current Liabilities Trends
A significant contraction in the relative weight of current liabilities is observed, moving from a peak of 45.87% in 2022 to a low of 16.73% in 2025, before recovering to 23.91% in 2026. This trend is primarily driven by a steady and substantial decline in accounts payable, which dropped from 27.31% in 2021 to 7.50% in 2026. Additionally, deferred revenue showed a notable increase in 2026, reaching 5.27%, indicating a growth in advance payments from customers relative to the total balance sheet.
Non-Current Liabilities and Long-Term Debt
Non-current liabilities experienced a sharp increase starting in 2024, rising from 8.92% in 2023 to a peak of 38.32% in 2025. This surge is attributed to the introduction and expansion of convertible notes, which grew from 17.28% in 2024 to 33.14% in 2025 before decreasing to 15.58% in 2026. The long-term financing profile further evolved in 2026 with the introduction of mandatory convertible preferred stock, representing 14.11% of total liabilities and equity.
Stockholders' Equity Composition
The relative proportion of retained earnings showed a downward trajectory after 2023, falling from a peak of 39.00% to 18.87% by 2026. This indicates that retained earnings are contributing less to the overall funding of the balance sheet over time. Common stock and additional paid-in capital exhibited volatility, peaking at 28.81% in 2024, suggesting periodic equity infusions or adjustments to the capital base.
Liquidity and Obligations Analysis
Short-term credit utilization, as seen in lines of credit and term loans (current), remained inconsistent, with significant spikes in 2022 (14.01%) and 2026 (6.81%). Accrued liabilities remained relatively stable and low, though a trend of diminishing reliance on trade credit (accounts payable) is contrasted by a rising reliance on structured long-term instruments and preferred equity in the later years of the period.

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