Oracle Corp. (NYSE:ORCL)

Current Assets

The value of current assets demonstrates a downward trend from 2020 to 2023, starting at 52,140 million US$ in 2020 and declining sharply to 21,004 million US$ in 2023. This represents a considerable reduction in liquidity over this period. However, from 2023 onwards, there is a slight recovery, with current assets increasing to 22,554 million US$ in 2024 and further to 24,579 million US$ in 2025.

Adjusted Current Assets

The adjusted current assets follow a very similar pattern to that of current assets, suggesting a close alignment between the standard and adjusted measures. Beginning at 52,549 million US$ in 2020, these assets also decrease significantly to 21,432 million US$ by 2023. Post-2023, a gradual increase is observed, reaching 23,039 million US$ in 2024 and 25,136 million US$ in 2025.

Trends and Insights

Both current assets and adjusted current assets show a pronounced decline over the first four years, indicating potential challenges in short-term asset management or liquidity constraints during this period. The subsequent modest recovery from 2023 to 2025 may reflect strategic adjustments aimed at improving working capital. The close trajectory of adjusted current assets compared to reported current assets suggests consistency in asset evaluation methods, without significant adjustments altering the overarching trend.

The financial data reveals notable changes in total assets and adjusted total assets over the examined periods. An upward trend is apparent in both metrics, indicating growth in asset size across the years, with some fluctuations.

Total Assets

Total assets increased from US$ 115,438 million in May 2020 to US$ 168,361 million in May 2025. This represents a substantial growth overall. There was a slight dip in May 2022 to US$ 109,297 million from the previous year, suggesting a temporary contraction, but total assets rebounded sharply in subsequent years, reaching their highest point in May 2025.

Adjusted Total Assets

Adjusted total assets show a similar pattern, starting at US$ 112,595 million in May 2020 and increasing to US$ 157,041 million by May 2025. A comparable dip is observed in May 2022, where the value fell to US$ 96,877 million from US$ 117,844 million in May 2021. Following this decline, there was consistent growth each year, culminating in a significant rise toward the end of the period.

Comparison and Trends

The overall pattern indicates growth with a notable mid-period reduction around 2022 in both total and adjusted total assets. This decline may reflect external market factors or internal company adjustments. The recovery and subsequent growth beyond 2022 suggest resilience and an ability to expand asset holdings substantially.

The analysis of the provided financial data reveals notable fluctuations in both current liabilities and adjusted current liabilities over the examined periods.

Current liabilities

From May 31, 2020, to May 31, 2021, current liabilities rose significantly from 17,200 million US dollars to 24,164 million US dollars, indicating a considerable increase in short-term obligations.

The following year, a decline to 19,511 million US dollars was observed as of May 31, 2022, suggesting a reduction in liabilities or possibly improved liability management.

However, this was followed by a rise to 23,090 million US dollars as of May 31, 2023, and a more pronounced increase to 31,544 million US dollars by May 31, 2024.

The upward trend continued modestly, reaching 32,643 million US dollars by May 31, 2025. Overall, after a brief dip in 2022, current liabilities have escalated substantially over the five-year span.

Adjusted current liabilities

Adjusted current liabilities demonstrate a similar pattern. Initially, they increased from 9,048 million US dollars in 2020 to 15,164 million US dollars in 2021.

A subsequent decrease occurred in 2022, dropping adjusted current liabilities to 11,023 million US dollars.

From 2023 onwards, adjusted current liabilities consistently increased, reaching 13,921 million US dollars in 2023, followed by a significant rise to 21,995 million US dollars in 2024.

This upward trend persisted into 2025 with a value of 23,044 million US dollars. Despite fluctuations, the overall trajectory indicates growing adjusted current liabilities over the considered timeframe.

In summary, both current and adjusted current liabilities have exhibited increases over the years with intermittent decreases around 2022. The data suggests an upward momentum in the company's short-term obligations, which may reflect changes in operational needs, financing strategies, or external economic factors affecting liability management during the periods analyzed.

Total liabilities

The total liabilities demonstrate an overall upward trend from May 31, 2020, to May 31, 2025. Starting at $102,721 million in 2020, liabilities increased to $125,155 million in 2021, reflecting a significant rise. A decline was observed in 2022, with liabilities falling to $115,065 million. This was followed by consecutive increases in 2023 and 2024, reaching $132,828 million and $131,737 million, respectively. The forecast for 2025 shows a further rise to $147,392 million, the highest in the period analyzed.

Adjusted total liabilities

Adjusted total liabilities exhibit a similar general growth pattern, beginning at $93,930 million in 2020 and increasing to $107,612 million in 2021. A decline occurred in 2022, dropping to $99,793 million. Subsequent years saw a recovery and steady increases, with $116,919 million in 2023 and $117,263 million in 2024. The 2025 estimate reaches $134,818 million, indicating a substantial rise compared to earlier years.

Overall analysis

Both total liabilities and adjusted total liabilities show cyclical fluctuations with an overall rising trend over the six-year period. The dip in 2022 for both measures suggests a temporary reduction in obligations, followed by a recovery and further growth. The consistent increase from 2023 onwards indicates a projected expansion in liabilities, highlighting a possible increase in leverage or financing activities. The difference between total and adjusted liabilities remains relatively stable, implying consistent adjustments over time.

Total Oracle Corporation stockholders’ equity (deficit)

Over the six-year period, the total stockholders’ equity displayed significant volatility. Initially, there was a substantial decline from 12,074 million USD in 2020 to 5,238 million USD in 2021, followed by a critical drop into negative territory at -6,220 million USD in 2022. This negative figure indicates a deficit condition during that year. However, the trend reversed starting in 2023, with equity recovering to 1,073 million USD and continuing to improve robustly in the subsequent years, reaching 20,451 million USD by 2025. This pattern reveals a period of financial stress followed by a strong recovery and growth in equity value toward the end of the timeframe analyzed.

Adjusted total stockholders’ equity (deficit)

The adjusted total stockholders' equity also exhibited notable fluctuations, mirroring the general trajectory of the unadjusted figures but showing less pronounced negative magnitude. Beginning at 18,665 million USD in 2020, it decreased markedly to 10,232 million USD in 2021 and dipped into a smaller deficit of -2,916 million USD in 2022. From 2023 onward, the adjusted equity rebounded, increasing to 5,667 million USD and demonstrating consistent growth through 2025, culminating at 22,223 million USD. The adjusted figures suggest that after an initial period of equity erosion and a temporary deficit, the company achieved a steady restoration and expansion of adjusted equity, indicating underlying operational or structural improvements.

The financial data over the observed periods reveal several notable trends in debt, equity, and capital structure.

Total reported debt

Total reported debt exhibits overall growth, rising from $71,597 million in 2020 to $95,502 million in 2025. Despite some fluctuations, the general trajectory is upwards, with a notable peak in 2023 at $90,481 million, followed by a slight decline in 2024 and a subsequent increase in 2025.

Total reported stockholders’ equity (deficit)

This metric shows considerable volatility and a dramatic shift over the periods. Beginning at $12,074 million in 2020, equity decreases sharply to $5,238 million in 2021 and then turns negative at -$6,220 million in 2022, indicating a deficit. Recovery occurs after 2022, with positive equity reestablished ($1,073 million in 2023), followed by a substantial increase to $20,451 million in 2025. This progression signals significant improvement in the company’s equity position after an interim period of deficit.

Total reported capital

Total reported capital, the sum of debt and equity, follows a fluctuating pattern reflective of the changes in both components. Capital initially rises from $83,671 million in 2020 to $89,483 million in 2021, then declines sharply to $69,639 million in 2022, before rebounding to $115,953 million by 2025. This underscores the combined impact of the equity recovery and increasing debt levels on overall capital.

Adjusted total debt

Adjusted total debt trends similarly to the reported debt figures, increasing steadily from $73,695 million in 2020 to $108,952 million in 2025. The adjustment reflects a consistent increase in debt obligations, with a marked uptick from 2022 onwards, culminating in the highest amount in 2025.

Adjusted total stockholders’ equity (deficit)

Adjusted stockholders’ equity mirrors the reported equity trend but with less severe negative values. Starting at $18,665 million in 2020, equity decreases to $10,232 million in 2021 and then moves into deficit at -$2,916 million in 2022. Subsequently, equity improves substantially, reaching $22,223 million by 2025. These adjustments suggest that after accounting for specific considerations, the equity changes remain significant but less extreme than reported values.

Adjusted total capital

The adjusted total capital follows the same cyclical and improving trend observed in other capital-related metrics. It decreases from $92,360 million in 2020 to $76,601 million in 2022 before recovering to $131,175 million in 2025. This final value represents a substantial increase compared to the start of the period, emphasizing strengthened overall capital structure according to adjusted figures.

In summary, the overall financial structure has experienced considerable volatility, particularly in stockholders’ equity, which went through a period of negative values before recovering robustly. Debt levels, both reported and adjusted, have consistently grown, contributing to an increasing capital base. The recovery in equity combined with rising debt levels leads to a strengthened capital position by 2025, based on both reported and adjusted figures.

Revenue Growth

Revenues show a consistent upward trend over the six-year period, increasing from 39,068 million US dollars in May 2020 to 57,399 million US dollars in May 2025. This reflects a cumulative growth indicative of strong market demand or successful revenue-generating initiatives.

Adjusted Revenues

Adjusted revenues closely follow the trend of total revenues, starting at 38,624 million US dollars in May 2020 and rising to 57,586 million US dollars by May 2025. The adjustment appears to moderate some fluctuations but maintains a consistent growth trajectory.

Comparative Analysis between Revenues and Adjusted Revenues

The difference between reported revenues and adjusted revenues is relatively small throughout the period, suggesting minor adjustments for non-recurring or exceptional items. Both indicators exhibit similar growth rates, confirming the robustness of the revenue figures.

Yearly Growth Insights

Significant revenue increases are observed between May 2021 and May 2023, with revenues rising from 40,479 million to 49,954 million US dollars. Growth continues steadily beyond this period, reinforcing a positive business performance trend.

The financial data for the periods observed indicate fluctuations in both net income and adjusted net income before noncontrolling interests in income. These metrics exhibit notable trends over the six-year span.

Net Income

The net income shows an overall cyclical pattern with an initial increase from 10,135 million USD in May 2020 to a peak of 13,746 million USD in May 2021. This peak is followed by a significant decline to 6,717 million USD in May 2022. Subsequent years demonstrate a recovery trend, with net income rising steadily to 8,503 million USD in May 2023, 10,467 million USD in May 2024, and further to 12,443 million USD projected for May 2025.

Adjusted Net Income Before Noncontrolling Interests in Income

This adjusted measure follows a somewhat similar pattern to net income but exhibits a more pronounced dip. From 8,679 million USD in May 2020, it increases to 12,755 million USD in May 2021 before plummeting sharply to 4,605 million USD in May 2022. Afterwards, there is a recovery trend evident with figures rising sequentially to 7,468 million USD in May 2023, 9,120 million USD in May 2024, and culminating in an estimate of 11,298 million USD in May 2025.

In summary, both net income and adjusted net income showed strong performance initially, experienced a marked decrease in the fiscal year ending May 2022, and are projected to show steady growth through May 2025. The sharper decline in adjusted net income suggests that exclusions of certain factors associated with noncontrolling interests significantly impacted the profit metrics during the downturn period. The recovery phase indicates a positive outlook as income measures are approaching or surpassing prior peak levels.