Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

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Common-Size Balance Sheet: Assets
Quarterly Data

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ServiceNow Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
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
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Current portion of deferred commissions
Prepaid expenses and other current assets
Current assets
Deferred commissions, less current portion
Long-term investments
Property and equipment, net
Operating lease right-of-use assets
Intangible assets, net
Goodwill
Deferred tax assets
Other assets
Long-term assets
Total assets

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

Cash and cash equivalents
The proportion of cash and cash equivalents to total assets fluctuates notably over the periods. It starts at 13.05% in March 2020, peaks around 20.64% in March 2021, but then declines substantially to 7.37% by September 2023 before showing a slight recovery to 16.06% by March 2025. Overall, this indicates variable liquidity levels with an increased emphasis on cash holdings toward the end of the period.
Short-term investments
This category maintains a significant share of total assets, ranging mostly between 14% and 24%. It shows a peak around mid-2022 at 24.38% and declines gradually to 13.64% by June 2025. The trend suggests active management of liquid investments, possibly influenced by market conditions or strategic liquidity requirements.
Accounts receivable, net
The proportion of accounts receivable is relatively low, fluctuating between approximately 6.48% and 12.97%. While there are occasional spikes, such as in December 2020 and December 2022, the general magnitude remains stable, indicating consistent credit sales and collections practices without major shifts in receivables management.
Current portion of deferred commissions
This item remains fairly stable and low as a percentage of total assets, staying close to approximately 2.5%-2.9% throughout the periods. The stability suggests consistent recognition of deferred commissions within current assets over time.
Prepaid expenses and other current assets
This category shows a gradual upward trend from 2.41% in March 2020 to 4.06% in June 2025. The steady increase indicates a rising share of prepaid and other current assets in total assets, which might reflect changes in operational activities or accounting treatments impacting prepaid expenses.
Current assets
Current assets as a whole demonstrate variability but predominantly hover between 40% and 51% of total assets. The proportion peaks during 2020 through early 2022 periods and dips notably around late 2023 (40.06%), with partial recovery afterwards. This suggests dynamic management of working capital components over the period.
Deferred commissions, less current portion
This metric remains largely consistent within a narrow band of approximately 4.6%-5.9%. A slight downtrend is visible toward the most recent periods, implying a modest reduction in the long-term deferred commission asset balance relative to total assets.
Long-term investments
Long-term investments as a percentage of total assets fluctuate around the 13% to 21% range, with a slow upward tendency in later periods especially from 2022 onward. This could signal a strategic emphasis on longer-term investment holdings over the medium term.
Property and equipment, net
The ratio of property and equipment to total assets remains relatively stable between approximately 7% and 9%, showing only minor fluctuations. The consistency suggests steady investment in physical assets relative to the asset base during the period analyzed.
Operating lease right-of-use assets
This asset class shows a clear decreasing trend from 7.5% in early 2020 down to around 3.7%-3.8% at the end of the period. The diminishing proportion could imply lease contract expirations, renegotiations, or shifting lease accounting policies.
Intangible assets, net
Intangible assets decline progressively from about 2.76% in March 2020 to as low as approximately 1.03% in March 2025 with minor increases at some points. This reduction may reflect amortization or impairment effects impacting intangible asset values over time.
Goodwill
Goodwill experiences volatility, increasing sharply from 3.35% in March 2020 to peaks exceeding 8% in mid-2021 and late 2025, with intervening fluctuations. This pattern indicates episodes of acquisitions or goodwill revaluations affecting the balance sheet.
Deferred tax assets
A notable decline characterizes deferred tax assets, dropping from around 9.46% to near 6% by mid-2025, with a brief spike in mid-2023. This trend could be associated with changes in tax positions, deferred tax recognition, or profitability variations impacting timing differences.
Other assets
Other assets increase gradually from near 1.2% to about 3.9% of total assets by June 2025. This consistent rise points to growing diversification or reclassification of less conventional asset types on the balance sheet.
Long-term assets
Long-term assets constitute a larger portion of total assets, fluctuating between 48% and almost 60%. A slight increasing tendency is evident toward the later periods, reflecting a balance sheet increasingly weighted toward long-term holdings compared to current assets.
Total assets
As expected, total assets remain constant at 100% across all periods, serving as the reference base for all relative measurements.