Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Accounts payable
Accrued liabilities
Income taxes payable
Lines of credit and term loans, current
Deferred revenue
Current liabilities
Deferred revenue, non-current
Lines of credit and term loans, non-current
Convertible notes
Other long-term liabilities
Non-current liabilities
Total liabilities
Common stock and additional paid-in capital, $0.001 par value
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Retained earnings
Total Super Micro Computer, Inc. stockholders’ equity
Non-controlling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2026-03-31), 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).


The capital structure exhibits a significant transition from an equity-dominant position to one increasingly characterized by liabilities, particularly in the later periods of the analysis. While total stockholders' equity maintained a strong presence above 50% for much of the early period, a marked shift occurred toward the end of the timeline, culminating in liabilities representing 75.03% of the total balance sheet by December 31, 2025.

Current Liability Dynamics
Current liabilities showed substantial volatility, peaking at 48.72% in March 2022 before declining to a low of 13.30% by March 2025. A sharp and atypical increase is observed on December 31, 2025, where current liabilities surged to 54.99%. This spike is almost exclusively driven by accounts payable, which rose to 49.12% of total liabilities and stockholders' equity, indicating a heavy reliance on short-term trade credit during that period.
Evolution of Non-Current Obligations
Non-current liabilities remained relatively stable and low, generally under 11%, until March 2024. The introduction of convertible notes marked a structural change in financing, with these instruments growing to represent as much as 33.14% of the total balance sheet by June 2025. This suggests a strategic shift toward hybrid financing to manage long-term capital requirements.
Equity Trends and Component Analysis
Total stockholders' equity experienced a gradual decline from 57.13% in September 2019 to 32.30% by March 2026. Retained earnings, a key component of this equity, trended downward from 37.52% to 19.13% over the observed period. Additionally, common stock and additional paid-in capital showed a general reduction in their proportion of the total balance sheet, dropping from 20.82% in 2019 to 13.17% by March 2026.
Short-Term Operational Obligations
Accrued liabilities and deferred revenue both exhibited a long-term downward trend. Accrued liabilities decreased from 7.78% in 2019 to 3.54% by March 2026. Similarly, deferred revenue, both current and non-current, saw a contraction in their relative weight on the balance sheet, suggesting a change in the timing of revenue recognition or a decrease in advance payments relative to the total size of the balance sheet.