Nvidia

Information Technology Semiconductors Santa Clara, California Last filing Feb 25, 2026 · FY2026

                    Revenue
                    FY2026
                
$215.9B
                    3y CAGR +100.0%
                    
                    P100
                    
                    +65.5%
                    
                    Net income
                    FY2026
                
$120.1B
                    Net margin +55.6%
                    
                    P93
                    
                    +64.7%
                    
                    Total assets
                    FY2026
                
$206.8B
                    ROA +58.1%
                    
                    P93
                    
                    +85.3%
                    
                    Operating cash flow
                    FY2026
                
$102.7B
                    FCF margin +44.8%
                    
                    P100
                    
                    +60.3%

18 yrs · FY2009–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $206.8B

Total liabilities $49.5B

Shareholders equity $157.3B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	5.1%	7.7%	11.1%	8.2%	4.5%
Short Term Investments	25.1%	31.0%	28.5%	24.1%	43.5%
Accounts Receivable	18.6%	20.7%	15.2%	9.3%	10.5%
Inventory	10.3%	9.0%	8.0%	12.5%	5.9%
Prepaid Expenses	1.5%	3.4%	4.7%	1.9%	0.8%
Total Current Assets	60.7%	71.8%	67.5%	56.0%	65.2%
Property,Plant and Equipment	5.0%	5.6%	6.0%	9.2%	6.3%
Operating Lease Assets	1.4%	1.6%	2.0%	2.5%	1.9%
Goodwill	10.1%	4.7%	6.7%	10.7%	9.8%
Intangible Assets	1.6%	0.7%	1.7%	4.1%	5.3%
Long Term Investments	10.8%	3.0%	—	—	—
Deferred Tax Assets	6.4%	9.9%	9.3%	8.2%	2.8%
Other Noncurrent Assets	4.0%	2.7%	6.8%	9.3%	8.7%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	4.7%	5.7%	4.1%	2.9%	4.0%
Accrued Liabilities	10.3%	10.5%	10.2%	10.0%	5.8%
Current Portion of Long Term Debt	0.5%	0.0%	1.9%	3.0%	0.0%
Total Current Liabilities	15.6%	16.2%	16.2%	15.9%	9.8%
Long Term Debt	3.6%	7.6%	12.9%	23.6%	24.8%
Operating Lease Liabilities Noncurrent	1.2%	1.4%	1.7%	2.2%	1.7%
Other Noncurrent Liabilities	3.5%	3.8%	3.9%	4.6%	3.5%
Total Liabilities	23.9%	28.9%	34.6%	46.3%	39.8%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	4.9%	10.1%	19.9%	29.1%	23.5%
Retained Earnings	71.1%	61.0%	45.4%	24.7%	36.7%
Accumulated Other Comprehensive Income	0.1%	0.0%	0.0%	-0.1%	-0.0%
Total Stockholders Equity	76.1%	71.1%	65.4%	53.7%	60.2%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $215.9B

Operating income $130.4B

Net income $120.1B

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	104.4%	116.9%	92.7%	65.5%	60.9%
Expenses Cost of Revenue	30.2%	29.2%	25.3%	28.2%	21.4%
Other Income Expense Gross Profit	74.2%	87.7%	67.4%	37.3%	39.5%
Expenses Research and Development	8.9%	11.6%	13.2%	17.8%	11.9%
Expenses Selling,General and Administrative	2.2%	3.1%	4.0%	5.9%	4.9%
Expenses Operating Expenses	11.2%	14.7%	17.2%	27.0%	16.8%
Other Income Expense Operating Income	63.0%	73.0%	50.2%	10.3%	22.7%
Other Income Expense Interest Income	1.1%	1.6%	1.3%	0.6%	0.1%
Other Income Expense Interest Expense	0.1%	0.2%	0.4%	0.6%	0.5%
Other Income Expense Other Income/expense	9.7%	3.2%	1.6%	-0.1%	0.2%
Other Income Expense Income Before Tax	68.4%	75.3%	51.5%	10.2%	22.5%
Income Tax Income Tax Expense	10.3%	10.0%	6.2%	-0.5%	0.4%
net Income net Income	58.1%	65.3%	45.3%	10.6%	22.1%
net Income Comprehensive Income	58.1%	65.3%	45.4%	10.5%	22.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	11.9%	22.2%	37.9%	6.1%	5.7%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $102.7B

Investing cash flow $-52.2B

Financing cash flow $-48.5B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	58.1%	65.3%	45.3%	10.6%	22.1%
Operating Activities Depreciation and Amortization	1.4%	1.7%	2.3%	3.7%	2.7%
Operating Activities Stock Based Compensation	3.1%	4.2%	5.4%	6.6%	4.5%
Operating Activities Deferred Income Taxes	-0.7%	-4.0%	-3.8%	-5.3%	-0.9%
Operating Activities Changes In Operating Assets and Liabilities	-7.7%	-8.4%	-5.7%	-5.4%	-7.6%
Operating Activities Other Non Cash Items	-4.5%	-1.4%	-0.8%	3.4%	-0.1%
Operating Activities net Cash From Operating Activities	49.7%	57.4%	42.7%	13.7%	20.6%
Investing Activities Capital Expenditures	-2.9%	-2.9%	-1.6%	-4.5%	-2.2%
Investing Activities Business Acquisitions	-7.0%	-0.9%	-0.1%	-0.1%	-0.6%
Investing Activities Purchases of Investments	-28.1%	-25.1%	-29.0%	-29.1%	-56.1%
Investing Activities Proceeds From Sale of Investments	12.8%	10.5%	14.9%	51.6%	36.7%
Investing Activities Other Investing Activities	0.0%	0.2%	-0.2%	0.0%	-0.1%
Investing Activities net Cash From Investing Activities	-25.3%	-18.3%	-16.1%	17.9%	-22.2%
Financing Activities Repayment of Debt	0.0%	-1.1%	-1.9%	0.0%	-2.3%
Financing Activities Repurchase of Common Stock	-19.4%	-30.2%	-14.5%	-24.4%	0.0%
Financing Activities Dividends Paid	-0.5%	-0.7%	-0.6%	-1.0%	-0.9%
Financing Activities Proceeds From Stock Issuance	0.3%	0.4%	0.6%	0.9%	0.6%
Financing Activities Tax Withholding On Stock Based Compensation	-3.8%	-6.2%	-4.2%	-3.6%	-4.3%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.1%	-0.1%	-0.2%
Financing Activities net Cash From Financing Activities	-23.4%	-38.0%	-20.7%	-28.2%	4.2%
Cash Reconciliation net Change In Cash	1.0%	1.2%	5.9%	3.4%	2.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+71.1%	+75.0%	+72.7%	+56.9%	+64.9%
Operating margin	+60.4%	+62.4%	+54.1%	+15.7%	+37.3%
Net margin	+55.6%	+55.8%	+48.8%	+16.2%	+36.2%
FCF margin	+44.8%	+46.6%	+44.4%	+14.1%	+30.2%
Growth
Revenue CAGR (3y)	+100.0%	+69.3%	+54.0%	+35.2%	+31.9%
Returns
ROE	+76.3%	+91.9%	+69.2%	+19.8%	+36.6%
ROA	+58.1%	+65.3%	+45.3%	+10.6%	+22.1%
ROIC	+71.3%	+89.2%	+63.9%	+14.2%	+27.7%
Liquidity
Current ratio	3.91x	4.44x	4.17x	3.52x	6.65x
Quick ratio	1.53x	1.75x	1.63x	1.10x	1.53x
Leverage
D/E	0.31x	0.41x	0.53x	0.86x	0.66x
Interest coverage	503.42x	329.77x	128.30x	16.12x	42.55x
Efficiency
Asset turnover	1.04x	1.17x	0.93x	0.65x	0.61x
Cash conversion cycle	+133d	+107d	+117d	+176d	+95d

Valuation

Price against fundamentals

NVDA $182 · 2025-09-29 · 397d old · FY2026

Market cap $4.5T

P/E 37.13x

P/S 20.64x

P/B 28.34x

EV $4.5T

EV/EBITDA —

FCF yield +2.2%

Dividend yield +0.0%

Notes

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