Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

$24.99

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.

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

US$ in millions

Microsoft Excel
Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Costs capitalized to obtain revenue contracts, net
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease right-of-use assets, net
Noncurrent costs capitalized to obtain revenue contracts, net
Strategic investments
Goodwill
Intangible assets acquired through business combinations, net
Deferred tax assets and other assets, net
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).


The asset composition of the company exhibits significant fluctuations over the observed period, spanning from April 2020 to July 2025. Overall, total assets demonstrate a general upward trajectory, though punctuated by periods of decline and substantial growth. A notable surge in total assets occurred between April 2020 and July 2021, followed by a period of relative stabilization and then another significant increase between January 2024 and January 2026.

Liquidity – Current Assets
Current assets initially showed modest growth from April 2020 to July 2020, then experienced a dramatic increase in the subsequent quarter, peaking in January 2021. Following this peak, current assets decreased significantly, reaching a low in October 2021. A subsequent recovery occurred, but current assets remained volatile, with another peak in January 2025 before declining again in July 2025. This volatility suggests potential shifts in working capital management or seasonal business cycles.
Cash and Cash Equivalents
Cash and cash equivalents fluctuated considerably throughout the period. A decrease was observed from April 2020 to July 2020, followed by a substantial increase by January 2021. Subsequent quarters saw a decline, with a relatively stable range between 5.464 and 6.931 million USD from January 2022 to July 2022. Another increase occurred in January 2024, followed by a decrease in July 2024, and a subsequent increase in January 2025. This pattern suggests active cash management and potentially strategic investments or acquisitions.
Accounts Receivable
Accounts receivable exhibited a pronounced increase in the quarter ending January 2021, reaching 9.739 million USD. This was followed by a decrease, then another substantial increase in the quarter ending January 2023, peaking at 10.755 million USD. A similar pattern of increase followed by decrease is observed again, with a peak in January 2025. These fluctuations may indicate changes in sales terms, collection efficiency, or overall sales volume.
Long-Term Assets
Noncurrent assets consistently represent the largest portion of total assets. Goodwill constitutes the most significant component within noncurrent assets, demonstrating a steady increase over the period, with a particularly large jump between July 2021 and January 2026. Intangible assets acquired through business combinations also contribute significantly, though they show a decreasing trend from 2021 to 2025. Strategic investments also show an increasing trend, though with some volatility. Property and equipment, net, and operating lease right-of-use assets, net, remain relatively stable throughout the period.
Capitalized Costs
Both costs capitalized to obtain revenue contracts (current and noncurrent) demonstrate a consistent upward trend throughout the observed period. This suggests an increasing investment in acquiring and fulfilling customer contracts, potentially indicating a growth strategy focused on long-term revenue generation.

In summary, the company’s asset base has grown substantially over the period, driven primarily by increases in noncurrent assets, particularly goodwill and strategic investments. Current assets exhibit greater volatility, influenced by fluctuations in cash, accounts receivable, and other current components. The consistent growth in capitalized costs suggests a strategic focus on securing future revenue streams.


Assets: Selected Items


Current Assets: Selected Items