Balance Sheet: Liabilities and Stockholders’ Equity

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.

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

US$ in thousands

	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Accounts payable	2,247,003)	1,281,977)	1,472,381)	776,831)	655,403)	612,336)
Customer deposits	314,665)	260,131)	46,942)	—)	—)	—)
Accrued payroll and related expenses	161,229)	82,156)	62,006)	—)	—)	—)
Customer-related liabilities	135,937)	32,858)	42,370)	—)	—)	—)
Input tax payable	95,180)	39,161)	14,064)	—)	—)	—)
Accrued interest, lines of credit and term loans	59,491)	146)	—)	—)	—)	—)
Accrued cooperative marketing expenses	50,267)	26,775)	15,967)	—)	—)	—)
Operating lease liability, current	40,626)	21,189)	9,248)	7,756)	7,139)	6,322)
Import tax and tariff liabilities	30,809)	20,883)	—)	—)	—)	—)
Accrued professional fees	27,592)	8,098)	1,699)	—)	—)	—)
Accrued Interest, convertible notes	27,388)	27,701)	—)	—)	—)	—)
Accrued warranty costs	19,458)	9,753)	10,009)	9,079)	9,073)	10,185)
Accrued preferred stock dividends	13,088)	—)	—)	—)	—)	—)
Other	56,986)	36,786)	57,369)	147,030)	196,207)	162,343)
Accrued liabilities	1,032,716)	565,637)	259,674)	163,865)	212,419)	178,850)
Income taxes payable	262,608)	53,381)	18,268)	129,166)	41,743)	12,741)
Lines of credit and term loans, current	2,039,774)	75,060)	402,346)	170,123)	449,146)	63,490)
Deferred revenue	1,578,005)	368,737)	193,052)	134,667)	111,313)	101,479)
Current liabilities	7,160,106)	2,344,792)	2,345,721)	1,374,652)	1,470,024)	968,896)
Deferred revenue, non-current	1,034,027)	362,645)	223,324)	169,781)	122,548)	100,838)
Lines of credit and term loans, non-current	2,016,374)	37,415)	74,083)	120,179)	147,618)	34,700)
Convertible notes	4,664,139)	4,645,178)	1,697,716)	—)	—)	—)
Other long-term liabilities	591,205)	326,528)	67,878)	37,947)	39,140)	41,132)
Non-current liabilities	8,305,745)	5,371,766)	2,063,001)	327,907)	309,306)	176,670)
Total liabilities	15,465,851)	7,716,558)	4,408,722)	1,702,559)	1,779,330)	1,145,566)
Preferred Stock and additional paid-in capital, $0.001 par value, Series A Mandatory Convertible Preferred Stock	4,226,258)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital, $0.001 par value	4,600,893)	2,866,449)	2,830,820)	538,352)	481,741)	438,012)
Accumulated other comprehensive income	397)	705)	706)	639)	911)	453)
Retained earnings	5,651,904)	3,434,539)	2,585,680)	1,433,014)	942,923)	657,760)
Total Super Micro Computer, Inc. stockholders’ equity	14,479,452)	6,301,693)	5,417,206)	1,972,005)	1,425,575)	1,096,225)
Non-controlling interest	164)	178)	164)	165)	172)	173)
Total stockholders’ equity	14,479,616)	6,301,871)	5,417,370)	1,972,170)	1,425,747)	1,096,398)
Total liabilities and stockholders’ equity	29,945,467)	14,018,429)	9,826,092)	3,674,729)	3,205,077)	2,241,964)

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 balance sheet reflects a period of extraordinary expansion between 2021 and 2026, with total liabilities and stockholders' equity increasing from approximately $2.24 billion to $29.95 billion. This trajectory indicates rapid organizational scaling and a fundamental shift in the company's capital structure and funding strategies.

Analysis of Total Liabilities: Total liabilities grew from $1.15 billion in 2021 to $15.47 billion by 2026. The growth is characterized by a sharp escalation in both current and non-current obligations. Current liabilities rose to $7.16 billion in 2026, driven largely by a surge in lines of credit and term loans, which reached $2.04 billion, and a substantial increase in accounts payable to $2.25 billion. Non-current liabilities experienced an even more pronounced increase, reaching $8.31 billion in 2026, primarily fueled by the issuance of convertible notes, which climbed from zero in 2021 to $4.66 billion by 2026.
Revenue-Linked Obligations: A significant trend is observed in deferred revenue, which indicates future performance obligations. Combined current and non-current deferred revenue increased from $202.3 million in 2021 to approximately $2.61 billion by 2026. This rapid growth suggests a substantial increase in customer prepayments or contractual obligations, mirroring the overall expansion of the business volume.
Stockholders' Equity and Capitalization: Total stockholders' equity grew from $1.10 billion in 2021 to $14.48 billion in 2026. This growth was supported by two primary drivers: organic growth through retained earnings, which increased from $657.8 million to $5.65 billion, and external capital infusions. Notable capital events include the increase of common stock and additional paid-in capital to $4.60 billion by 2026 and the introduction of Series A Mandatory Convertible Preferred Stock totaling $4.23 billion in 2026.
Operational Liability Trends: Operating-related liabilities have scaled in proportion to the business growth. Accounts payable increased from $612.3 million in 2021 to $2.25 billion in 2026. Accrued liabilities showed a similar upward trend, rising from $178.9 million in 2021 to $1.03 billion by 2026. Additionally, customer deposits emerged as a significant line item, growing from zero in 2021 to $314.7 million by 2026, further indicating increased commercial activity.

Overall, the financial data reveals a transition from a relatively lean balance sheet to one characterized by high leverage and substantial equity capitalization. The simultaneous rise in debt (convertible notes and loans) and equity (preferred and common stock) suggests a strategic effort to fund aggressive growth and operational requirements.

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Super Micro Computer Inc. (NASDAQ:SMCI)

Balance Sheet: Liabilities and Stockholders’ Equity