Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$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.

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

US$ in thousands

Microsoft Excel
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 current portion of term loans
Deferred revenue
Current liabilities
Deferred revenue, non-current
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: 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).


Current Liabilities Trend
The current liabilities exhibit notable volatility with an overall increasing trend through the periods. Starting at approximately $588 million, the levels generally fluctuate but rise to peak near $2.87 billion before experiencing a sharp drop and subsequent rebound towards the later dates. This suggests episodes of changing short-term obligations that could be linked to operational cycles or financing needs.
Accounts Payable and Accrued Liabilities
Accounts payable rose substantially over time, tripling and reaching upwards of $1.68 billion in later periods, showing increased payables possibly due to growing operational scale or delayed payments. Accrued liabilities also trend upward with fluctuations, reflecting variabilities in accrued expenses such as wages, taxes, or interest.
Income Taxes Payable
Income taxes payable show irregular movements, with peaks and troughs that reflect timing differences between tax obligations and payments. Spikes in some quarters near $161 million followed by sharp declines indicate variable tax payment schedules or changes in profitability.
Debt Obligations
Lines of credit and current portion of term loans experienced significant growth, seeing a notable surge in later periods reaching $493 million and beyond, implying increased short-term borrowing. Long-term term loans initially increased but then declined gradually, reflecting repayments or refinancing. The introduction and growth of convertible notes, reaching several billion dollars towards the end, indicate a strategic shift towards convertible debt financing as a capital source.
Deferred Revenue
Deferred revenue, both current and non-current, has generally increased, growing from approximately $98 million (current) and $104 million (non-current) to over $597 million (current) and $430 million (non-current). This upward movement suggests rising prepayments or advances from customers, consistent with expanding business operations or service contracts.
Non-current Liabilities
Non-current liabilities remained relatively stable around $140 million for earlier periods but show dramatic increases toward the end, largely driven by convertible notes and other long-term obligations expanding to multi-billion dollar levels. The surge indicates significant long-term financing activity and changes in capital structure.
Total Liabilities
Total liabilities steadily rose over the periods, with moderate growth early on, followed by sharp jumps reaching nearly $7.9 billion in the most recent periods. This increase is heavily influenced by growing short-term payables, deferred revenue, and the rise in convertible notes and other long-term liabilities, signaling expanded financing and operational scale.
Stockholders’ Equity
Stockholders’ equity demonstrated consistent growth from approximately $972 million to surpassing $6.5 billion. This growth is driven predominantly by retained earnings rising from about $638 million to over $3.6 billion, indicating strong cumulative profitability. Common stock and additional paid-in capital also increased significantly, marking ongoing capital inflows or equity issuance, despite intermittent treasury stock adjustments. The equity increases provide a counterbalance to the liabilities, supporting a growing asset base.
Total Assets and Overall Financial Position
Total assets, implied by total liabilities and equity, rose from around $1.7 billion to nearly $14.4 billion, reflecting substantial business expansion. The rising levels of liabilities, particularly convertible notes and current obligations, alongside strong equity growth, depict an increasingly leveraged but growing enterprise with enhanced financial activity.
Summary
The financial data reflects a company undergoing considerable growth and financing evolution. Increasing liabilities, especially convertible notes and short-term debt, suggest aggressive capital raising strategies. Simultaneously, substantial equity growth and retained earnings growth point to profitable operations and reinvestment. Volatility in payable accounts and deferred revenue may reflect operational scaling complexities. Overall, the entity appears to be expanding its financial capacity and operational footprint significantly over the observed periods.