Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

	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	3,124)	3,369)	2,304)	1,885)	2,159)	2,056)	1,897)	1,112)	1,663)	1,852)	1,470)	1,248)	1,664)	2,252)	1,728)	1,400)	1,362)	1,821)	1,677)	1,348)	837)	809)
Short-term investments	3,008)	3,228)	3,458)	3,410)	3,254)	3,054)	2,980)	2,955)	3,084)	3,062)	2,810)	2,708)	2,170)	1,762)	1,576)	1,631)	1,622)	1,635)	1,415)	1,603)	1,505)	1,050)
Accounts receivable, net	1,696)	1,359)	2,240)	1,308)	1,518)	1,306)	2,036)	1,168)	1,093)	1,109)	1,725)	898)	853)	824)	1,390)	776)	781)	645)	1,009)	631)	632)	615)
Current portion of deferred commissions	551)	533)	517)	502)	482)	474)	461)	417)	401)	392)	369)	330)	323)	322)	303)	268)	255)	241)	229)	203)	192)	183)
Prepaid expenses and other current assets	896)	781)	668)	591)	608)	482)	403)	394)	362)	319)	280)	292)	322)	282)	223)	213)	205)	182)	191)	181)	171)	149)
Current assets	9,275)	9,270)	9,187)	7,696)	8,021)	7,372)	7,777)	6,046)	6,603)	6,734)	6,654)	5,476)	5,332)	5,442)	5,220)	4,288)	4,225)	4,524)	4,522)	3,967)	3,337)	2,806)
Deferred commissions, less current portion	1,017)	1,012)	999)	946)	928)	930)	919)	807)	777)	777)	742)	650)	640)	655)	623)	524)	494)	471)	444)	374)	356)	340)
Long-term investments	4,655)	4,335)	4,111)	3,829)	3,472)	3,666)	3,203)	2,939)	2,740)	2,239)	2,117)	1,517)	1,608)	1,484)	1,630)	1,384)	1,350)	1,348)	1,468)	1,260)	777)	1,078)
Property and equipment, net	1,985)	1,885)	1,763)	1,718)	1,606)	1,450)	1,358)	1,199)	1,148)	1,117)	1,053)	914)	876)	798)	766)	740)	732)	693)	660)	564)	547)	471)
Operating lease right-of-use assets	818)	810)	693)	661)	675)	698)	715)	699)	656)	682)	682)	581)	604)	583)	591)	606)	466)	455)	454)	458)	463)	465)
Intangible assets, net	319)	230)	209)	214)	220)	224)	224)	242)	191)	212)	232)	234)	257)	266)	287)	302)	310)	221)	153)	156)	164)	171)
Goodwill	1,778)	1,305)	1,273)	1,291)	1,239)	1,224)	1,231)	1,204)	821)	823)	824)	794)	803)	774)	777)	770)	793)	361)	241)	232)	211)	208)
Deferred tax assets	1,340)	1,361)	1,385)	1,444)	1,447)	1,478)	1,508)	1,505)	1,551)	640)	636)	604)	642)	686)	692)	694)	665)	643)	673)	621)	594)	586)
Other assets	864)	764)	763)	635)	599)	502)	452)	450)	436)	390)	359)	336)	340)	305)	212)	170)	152)	106)	100)	74)	72)	74)
Long-term assets	12,776)	11,702)	11,196)	10,738)	10,186)	10,172)	9,610)	9,045)	8,320)	6,880)	6,645)	5,630)	5,770)	5,551)	5,578)	5,190)	4,962)	4,298)	4,193)	3,739)	3,184)	3,392)
Total assets	22,051)	20,972)	20,383)	18,434)	18,207)	17,544)	17,387)	15,091)	14,923)	13,614)	13,299)	11,106)	11,102)	10,993)	10,798)	9,478)	9,187)	8,822)	8,715)	7,705)	6,521)	6,197)

The financial data reveals several notable trends across the reported periods. Total assets demonstrate a consistent upward trajectory, rising from US$6,197 million in March 2020 to US$22,051 million by June 2025. This growth reflects overall expansion in the company's asset base.

Cash and Cash Equivalents: This asset category fluctuates significantly over time. The level increased from US$809 million in March 2020 to a peak of US$2,252 million in March 2022, followed by declines and subsequent recoveries, reaching US$3,124 million in June 2025. These variations suggest active cash management and possible liquidity repositioning.
Short-term Investments: Short-term investments maintain a general growth trend, rising from US$1,050 million in March 2020 to approximately US$3,008 million by June 2025. The increase is somewhat steady with minor fluctuations, indicating ongoing allocation of resources to near-liquid securities.
Accounts Receivable, Net: This item displays substantial volatility, with figures peaking and dipping repeatedly. Starting at US$615 million in March 2020, it spikes to US$1,725 million by December 2022 and again shows upward movement to US$1,696 million by September 2024. The oscillations may reflect variability in sales volume, credit terms, or collection efficiency.
Deferred Commissions (Current Portion and Less Current Portion): The current portion of deferred commissions grows steadily from US$183 million in March 2020 to US$551 million in June 2025, while the long-term portion also rises consistently from US$340 million to US$1,017 million over the same span. This trend signals increasing capitalized costs related to sales and marketing, likely tied to revenue growth and customer acquisition efforts.
Prepaid Expenses and Other Current Assets: These assets show an upward trend, enlarging from US$149 million in March 2020 to US$896 million in June 2025. This growth may be connected to increasing operational scale and advance payments associated with expanding business activities.
Current Assets: With contributions from cash, short-term investments, receivables, and other current assets, current assets increase from US$2,806 million to US$9,275 million over the period. Despite some intermittent decreases, the overall trend reflects company growth and liquidity position enhancement.
Long-term Investments: These assets show general appreciation, growing from US$1,078 million in March 2020 to US$4,655 million in June 2025. The progression suggests a strategic focus on longer-term financial instruments or equity investments.
Property and Equipment, Net: This category steadily increases from US$471 million to US$1,985 million, indicating continual capital expenditures and investment in fixed assets to support operational infrastructure.
Operating Lease Right-of-Use Assets: Values remain relatively stable around the US$450–800 million range, with a gradual increase toward the later periods, reflecting ongoing lease commitments and possibly new leasing arrangements.
Intangible Assets, Net: This asset fluctuates without a clear trend but generally stays within a range from approximately US$150 million to US$320 million, which may reflect amortization and occasional acquisitions or revaluations.
Goodwill: Goodwill experiences significant increases at discrete points, notably jumping from US$208 million in March 2020 to US$1,778 million by June 2025. The sharp increases around mid-2021 and late 2023 imply acquisitions or mergers expanding the company's intangible value.
Deferred Tax Assets: After maintaining a consistent position around US$586–$692 million through 2021, deferred tax assets spike notably to US$1,551 million in June 2023 before declining modestly to US$1,340 million in June 2025. This pattern may indicate changes in tax position or recognition of tax benefits.
Other Assets: Other assets grow steadily from US$74 million to US$864 million, suggesting accumulation of miscellaneous long-term assets supporting operations.
Long-term Assets: The aggregate of long-term assets rises from US$3,392 million to US$12,776 million, reflecting the combined growth in investments, property, deferred commissions, goodwill, and other long-term holdings.

In summary, the data points to sustained company growth with increased asset holdings, both current and long-term. Expansion in deferred commissions and goodwill highlights strategic investments in customer acquisition and business combinations. Fluctuations in cash and receivables suggest active working capital management. The progressive buildup of property, equipment, and investments supports broader organizational development objectives.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

ServiceNow Inc. (NYSE:NOW)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data