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 revenue.

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	4.9%	6.6%	6.6%	11.9%	12.6%
Short Term Investments	0.0%	26.5%	—	30.7%	36.7%
Accounts Receivable	17.8%	17.7%	17.7%	16.4%	14.2%
Inventory	9.9%	7.7%	—	—	—
Prepaid Expenses	1.5%	2.9%	2.9%	5.1%	2.9%
Other Current Assets	3.8%	4.9%	—	—	—
Total Current Assets	58.2%	61.4%	61.4%	72.8%	85.5%
Property,Plant and Equipment	4.8%	4.8%	—	—	—
Operating Lease Assets	1.3%	1.4%	1.4%	2.2%	3.8%
Goodwill	9.6%	4.0%	4.0%	7.3%	16.2%
Intangible Assets	1.5%	0.6%	0.6%	1.8%	6.2%
Deferred Tax Assets	6.1%	8.4%	—	—	—
Other Noncurrent Assets	3.8%	4.9%	4.9%	7.4%	14.2%
Total Assets	95.8%	85.5%	85.5%	107.9%	152.7%
Liabilities
Accounts Payable	4.5%	4.8%	4.8%	4.4%	4.4%
Accrued Liabilities	9.9%	9.0%	9.0%	11.0%	15.3%
Deferred Revenue	0.6%	0.6%	0.6%	1.3%	1.3%
Current Portion of Long Term Debt	0.5%	0.0%	0.0%	2.1%	4.6%
Other Current Liabilities	3.4%	3.3%	—	—	—
Total Current Liabilities	14.9%	13.8%	13.8%	17.5%	24.3%
Long Term Debt	3.5%	6.5%	6.5%	13.9%	36.0%
Deferred Revenue Noncurrent	0.6%	0.7%	0.7%	0.9%	0.8%
Operating Lease Liabilities Noncurrent	1.2%	1.2%	1.2%	1.8%	3.3%
Deferred Tax Liabilities	0.8%	1.2%	1.2%	1.5%	1.9%
Other Noncurrent Liabilities	3.4%	3.3%	3.3%	4.2%	7.1%
Total Liabilities	22.9%	24.7%	24.7%	37.3%	70.7%
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	4.7%	8.6%	8.6%	21.5%	44.4%
Retained Earnings	68.1%	52.1%	52.1%	48.9%	37.7%
Treasury Stock	0.0%	0.0%	—	—	—
Accumulated Other Comprehensive Income	0.1%	0.0%	0.0%	0.0%	-0.2%
Total Stockholders Equity	72.8%	60.8%	60.8%	70.5%	81.9%
Total Liabilitiesand Equity	95.8%	85.5%	85.5%	107.9%	152.7%

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	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	28.9%	25.0%	25.0%	27.3%	43.1%
Expenses Research and Development	8.6%	9.9%	9.9%	14.2%	27.2%
Expenses Selling,General and Administrative	2.1%	2.7%	—	—	—
Expenses Depreciation and Amortization	1.1%	1.0%	1.4%	2.5%	5.7%
Expenses Share Based Compensation	3.0%	3.6%	3.6%	5.8%	10.0%
Expenses Operating Expenses	10.7%	12.6%	—	—	—
Other Income Expense Gross Profit	71.1%	75.0%	75.0%	72.7%	56.9%
Other Income Expense Operating Income	60.4%	62.4%	62.4%	54.1%	15.7%
Other Income Expense Interest Income	1.1%	1.4%	1.4%	1.4%	1.0%
Other Income Expense Interest Expense	0.1%	0.2%	—	0.4%	1.0%
Other Income Expense Other Income/expense	4.2%	0.8%	0.8%	0.4%	-0.2%
Other Income Expense Income Before Tax	65.5%	64.4%	64.4%	55.5%	15.5%
Income Tax Income Tax Expense	9.9%	8.5%	8.5%	6.7%	-0.7%
net Income net Income	55.6%	55.8%	55.8%	48.8%	16.2%
net Income Comprehensive Income	55.7%	55.8%	55.8%	49.0%	16.1%
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	11.3%	18.8%	18.8%	40.5%	92.2%
Earnings Per Share Weighted Average Shares Diluted	11.4%	19.0%	19.0%	40.9%	92.9%

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	55.6%	55.8%	55.8%	48.8%	16.2%
Operating Activities Depreciation and Amortization	0.2%	0.5%	1.4%	2.5%	5.7%
Operating Activities Stock Based Compensation	3.0%	3.6%	—	—	—
Operating Activities Deferred Income Taxes	-0.7%	-3.4%	-3.4%	-4.1%	-8.0%
Operating Activities Changes In Operating Assets and Liabilities	13.5%	16.5%	—	—	—
Operating Activities net Cash From Operating Activities	47.6%	49.1%	49.1%	46.1%	20.9%
Investing Activities Business Acquisitions	0.7%	0.8%	0.8%	0.1%	0.2%
Investing Activities Purchases of Investments	18.8%	20.4%	—	—	—
Investing Activities Proceeds From Sale of Investments	5.2%	8.6%	—	—	—
Investing Activities Other Investing Activities	0.0%	-0.0%	-0.0%	0.2%	0.0%
Investing Activities net Cash From Investing Activities	-24.2%	-15.6%	-15.6%	-17.3%	27.3%
Financing Activities Repayment of Debt	0.0%	1.0%	—	—	—
Financing Activities Repurchase of Common Stock	18.6%	25.8%	25.8%	15.6%	37.2%
Financing Activities Dividends Paid	0.5%	0.6%	0.6%	0.6%	1.5%
Financing Activities Proceeds From Stock Issuance	0.3%	0.4%	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	3.7%	5.3%	5.3%	4.6%	5.5%
Financing Activities Other Financing Activities	-0.0%	0.0%	—	—	—
Financing Activities net Cash From Financing Activities	-22.4%	-32.5%	-32.5%	-22.4%	-43.1%
Cash Reconciliation Effect of Exchange Rate On Cash	4.9%	6.6%	—	—	—
Cash Reconciliation net Change In Cash	0.9%	1.0%	1.0%	6.4%	5.2%
Cash Reconciliation Cash At Beginning of Period	4.9%	6.6%	6.6%	11.9%	12.6%
Cash Reconciliation Cash At End of Period	4.9%	6.6%	6.6%	11.9%	12.6%

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%	+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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