Nvidia

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

                    Revenue
                    FY2026
                
$215.9B
                    3y CAGR +52.5%
                    
                    P100
                    
                    +65.5%
                    
                    Net income
                    FY2026
                
$120.1B
                    Net margin +55.6%
                    
                    P100
                    
                    +64.7%
                    
                    Total assets
                    FY2026
                
$206.8B
                    ROA +58.1%
                    
                    P100
                    
                    +85.3%
                    
                    Operating cash flow
                    FY2026
                
$102.7B
                    
                    +60.3%

20 yrs · FY2007–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

34 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%	7.7%	11.1%	8.2%
Short Term Investments	0.0%	31.0%	—	28.5%	24.1%
Accounts Receivable	18.6%	20.7%	20.7%	15.2%	9.3%
Inventory	10.3%	9.0%	—	—	—
Prepaid Expenses	1.5%	3.4%	3.4%	4.7%	1.9%
Other Current Assets	4.0%	5.8%	—	—	—
Total Current Assets	60.7%	71.8%	71.8%	67.5%	56.0%
Property,Plant and Equipment	5.0%	5.6%	—	—	—
Operating Lease Assets	1.4%	1.6%	1.6%	2.0%	2.5%
Goodwill	10.1%	4.6%	4.6%	6.7%	10.6%
Intangible Assets	1.6%	0.7%	0.7%	1.7%	4.1%
Deferred Tax Assets	6.4%	9.8%	—	—	—
Other Noncurrent Assets	4.0%	5.8%	5.8%	6.8%	9.3%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	4.7%	5.7%	5.7%	4.1%	2.9%
Accrued Liabilities	10.3%	10.5%	10.5%	10.2%	10.0%
Deferred Revenue	0.7%	0.7%	0.7%	1.2%	0.9%
Current Portion of Long Term Debt	0.5%	0.0%	0.0%	1.9%	3.0%
Other Current Liabilities	3.5%	3.8%	—	—	—
Total Current Liabilities	15.6%	16.2%	16.2%	16.2%	15.9%
Long Term Debt	3.6%	7.6%	7.6%	12.9%	23.6%
Deferred Revenue Noncurrent	0.6%	0.9%	0.9%	0.9%	0.5%
Operating Lease Liabilities Noncurrent	1.2%	1.4%	1.4%	1.7%	2.2%
Deferred Tax Liabilities	0.9%	1.4%	1.4%	1.4%	1.3%
Other Noncurrent Liabilities	3.5%	3.8%	3.8%	3.9%	4.6%
Total Liabilities	23.9%	28.9%	28.9%	34.6%	46.3%
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%	10.1%	19.9%	29.1%
Retained Earnings	71.1%	61.0%	61.0%	45.4%	24.7%
Treasury Stock	0.0%	0.0%	—	—	—
Accumulated Other Comprehensive Income	0.1%	0.0%	0.0%	0.0%	-0.1%
Total Stockholders Equity	76.1%	71.1%	71.1%	65.4%	53.7%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

20 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%	116.9%	92.7%	65.5%
Expenses Cost of Revenue	30.2%	29.2%	29.2%	25.3%	28.2%
Expenses Research and Development	8.9%	11.6%	11.6%	13.2%	17.8%
Expenses Selling,General and Administrative	2.2%	3.1%	—	—	—
Expenses Depreciation and Amortization	1.2%	1.2%	1.7%	2.3%	3.7%
Expenses Share Based Compensation	3.1%	4.2%	4.2%	5.4%	6.6%
Expenses Operating Expenses	11.2%	14.7%	—	—	—
Other Income Expense Gross Profit	74.2%	87.7%	87.7%	67.4%	37.3%
Other Income Expense Operating Income	63.0%	73.0%	73.0%	50.2%	10.3%
Other Income Expense Interest Income	1.1%	1.6%	1.6%	1.3%	0.6%
Other Income Expense Interest Expense	0.1%	0.2%	—	0.4%	0.6%
Other Income Expense Other Income/expense	4.4%	0.9%	0.9%	0.4%	-0.1%
Other Income Expense Income Before Tax	68.4%	75.3%	75.3%	51.5%	10.2%
Income Tax Income Tax Expense	10.3%	10.0%	10.0%	6.2%	-0.5%
net Income net Income	58.1%	65.3%	65.3%	45.3%	10.6%
net Income Comprehensive Income	58.1%	65.3%	65.3%	45.4%	10.5%
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 Basic	11.8%	22.0%	22.0%	37.6%	60.4%
Earnings Per Share Weighted Average Shares Diluted	11.9%	22.2%	22.2%	37.9%	60.9%

Cash Flow Statement

Operating, investing, and financing flows

22 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%	65.3%	45.3%	10.6%
Operating Activities Depreciation and Amortization	0.2%	0.5%	1.7%	2.3%	3.7%
Operating Activities Stock Based Compensation	3.1%	4.2%	—	—	—
Operating Activities Deferred Income Taxes	-0.7%	-4.0%	-4.0%	-3.8%	-5.3%
Operating Activities Changes In Operating Assets and Liabilities	14.1%	19.4%	—	—	—
Operating Activities net Cash From Operating Activities	49.7%	57.4%	57.4%	42.7%	13.7%
Investing Activities Business Acquisitions	0.7%	0.9%	0.9%	0.1%	0.1%
Investing Activities Purchases of Investments	19.6%	23.8%	—	—	—
Investing Activities Proceeds From Sale of Investments	5.4%	10.0%	—	—	—
Investing Activities Other Investing Activities	0.0%	-0.0%	-0.0%	0.2%	0.0%
Investing Activities net Cash From Investing Activities	-25.3%	-18.3%	-18.3%	-16.1%	17.9%
Financing Activities Repayment of Debt	0.0%	1.1%	—	—	—
Financing Activities Repurchase of Common Stock	19.4%	30.2%	30.2%	14.5%	24.4%
Financing Activities Dividends Paid	0.5%	0.7%	0.7%	0.6%	1.0%
Financing Activities Proceeds From Stock Issuance	0.3%	0.4%	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	3.8%	6.2%	6.2%	4.2%	3.6%
Financing Activities Other Financing Activities	-0.0%	0.0%	—	—	—
Financing Activities net Cash From Financing Activities	-23.4%	-38.0%	-38.0%	-20.7%	-28.2%
Cash Reconciliation Effect of Exchange Rate On Cash	5.1%	7.7%	—	—	—
Cash Reconciliation net Change In Cash	1.0%	1.2%	1.2%	5.9%	3.4%
Cash Reconciliation Cash At Beginning of Period	5.1%	7.7%	7.7%	11.1%	8.2%
Cash Reconciliation Cash At End of Period	5.1%	7.7%	7.7%	11.1%	8.2%

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%	+75.0%	+72.7%	+56.9%
Operating margin	+60.4%	+62.4%	+62.4%	+54.1%	+15.7%
Net margin	+55.6%	+55.8%	+55.8%	+48.8%	+16.2%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+52.5%	+69.1%	+69.3%	+54.0%	+35.2%
Returns
ROE	+76.3%	+91.9%	+91.9%	+69.2%	+19.8%
ROA	+58.1%	+65.3%	+65.3%	+45.3%	+10.6%
ROIC	+71.3%	+89.2%	+89.2%	+63.9%	+14.2%
Liquidity
Current ratio	3.91x	4.44x	4.44x	4.17x	3.52x
Quick ratio	1.53x	1.75x	1.75x	1.63x	1.10x
Leverage
D/E	0.31x	0.41x	0.41x	0.53x	0.86x
Interest coverage	503.42x	329.77x	—	128.30x	16.12x
Efficiency
Asset turnover	1.04x	1.17x	1.17x	0.93x	0.65x
Cash conversion cycle	+133d	+107d	—	—	—

Valuation

Price against fundamentals

NVDA $182 · 2025-09-29 · 351d old · FY2026

Market cap $4.5T

P/E 37.13x

P/S 20.64x

P/B 28.34x

EV $4.5T

EV/EBITDA 33.56x

FCF yield —

Dividend yield +0.0%

Notes

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