Airbnb, Inc. (ABNB) Balance Sheet

NASDAQ: ABNBAssets, liabilities, debt and equity over 8 years.

ABNB balance sheet, 2025

December 31, 2025 · U.S. dollars

$22.21B assets = $14.01B liabilities + $8.20B equity

Both columns are drawn to the same scale: what ABNB owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ABNB financial health

Current ratio1.38

Adequate · current assets cover current liabilities 1.38×

Debt / equity0.28

Low leverage · $0.28 of debt for each $1 of equity

Equity / assets36.9%

Balanced · of assets funded by shareholders

Cash / debt485.0%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles3.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ABNB balance sheet trends, 2018–2025

Airbnb, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$6.61B2018	$22.21B2025	+18.9%/yr
Total liabilities	$7.13B2018	$14.01B2025	+10.1%/yr
Shareholders’ equity	−$517.3M2018	$8.20B2025	—
Cash & short-term investments	$3.33B2018	$11.01B2025	+18.6%/yr
Total debt	$419.4M2019	$2.27B2025	+32.5%/yr
Net cash (debt)	$2.65B2019	$8.74B2025	+$6.1B
Working capital	$2.14B2018	$5.15B2025	+$3.0B
Book value per share	−$0.972018	$13.162025	—
Current ratio	1.572018	1.382025	−0.20
Debt / equity	0.802020	0.282025	−0.53
Shares outstanding	530.9M2018	623.0M2025	+2.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ABNB assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ABNB liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ABNB debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ABNB balance sheet

Airbnb, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018
Assets
Cash & short-term investments	$11.01B	$10.61B	$10.07B	$9.62B	$8.32B	$6.39B	$3.07B	$3.33B
Cash & equivalents	$6.56B	$6.86B	$6.87B	$7.38B	$6.07B	$5.48B	$2.01B	$2.14B
Short-term investments	$4.45B	$3.75B	$3.20B	$2.24B	$2.25B	$910.7M	$1.06B	$1.19B
Receivables	$7.14B	$6.08B	$6.07B	$4.98B	$3.71B	$2.18B	$3.15B	$2.31B
Inventory	$0	$0	$5.35B	$0	$14.8M	$33.8M	$115,000	$0
Other current assets	$638.0M	$491.0M	$0	$256.0M	$334.2M	$310.0M	$341.6M	$240.2M
Total current assets	$18.80B	$17.18B	$16.51B	$14.86B	$12.39B	$8.92B	$6.56B	$5.87B
Property, plant & equipment (net)	$257.0M	$291.0M	$279.0M	$259.0M	$429.0M	$654.3M	$686.9M	$309.4M
Goodwill & intangible assets	$770.0M	$777.0M	$792.0M	$684.0M	$705.0M	$731.7M	$755.0M	$318.6M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$2.38B	$2.71B	$3.06B	$234.0M	$188.0M	$189.2M	$306.8M	$110.5M
Total assets	$22.21B	$20.96B	$20.64B	$16.04B	$13.71B	$10.49B	$8.31B	$6.61B
Liabilities
Accounts payable	$232.0M	$142.0M	$141.0M	$137.0M	$118.0M	$79.9M	$151.4M	$70.6M
Short-term debt	$2.07B	$63.0M	$61.0M	$59.0M	$63.0M	$83.3M	$38.0M	—
Deferred revenue	$1.74B	$1.62B	$1.43B	$1.18B	$1.00B	$165.3M	$207.5M	—
Total current liabilities	$13.65B	$10.16B	$9.95B	$7.98B	$6.36B	$5.14B	$5.23B	$3.74B
Long-term debt	$0	$2.00B	$1.99B	$1.99B	$1.98B	$1.82B	$0	$0
Lease obligations	$68.0M	$299.0M	$313.0M	$354.0M	$436.0M	$487.5M	$419.4M	$0
Other long-term liabilities	$360.0M	$391.0M	$539.0M	$513.0M	$591.5M	$634.4M	$3.88B	$3.39B
Total liabilities	$14.01B	$12.55B	$12.48B	$10.48B	$8.93B	$7.59B	$9.12B	$7.13B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	$63,000	$60,000	$26,000	$26,000
Retained earnings (deficit)	−$5.50B	−$4.22B	−$3.42B	−$5.96B	−$6.36B	−$6.01B	−$1.42B	−$768.9M
Accumulated other comprehensive income	−$62.0M	$35.0M	−$49.0M	−$32.0M	−$7.0M	$2.6M	−$4.4M	−$7.9M
Total shareholders' equity	$8.20B	$8.41B	$8.16B	$5.56B	$4.78B	$2.90B	−$807.7M	−$517.3M
Key figures
Total debt	$2.27B	$2.29B	$2.30B	$2.34B	$2.42B	$2.33B	$419.4M	—
Net cash (debt)	$8.74B	$8.32B	$7.77B	$7.28B	$5.90B	$4.06B	$2.65B	—
Working capital	$5.15B	$7.02B	$6.56B	$6.88B	$6.03B	$3.78B	$1.33B	$2.14B
Tangible book value	$7.43B	$7.63B	$7.37B	$4.88B	$4.07B	$2.17B	−$1.56B	−$835.9M
Book value per share	$13.16	$13.04	$12.33	$8.18	$7.75	$4.88	−$1.52	−$0.97
Shares outstanding	623.0M	645.0M	662.0M	680.0M	616.0M	594.1M	530.9M	530.9M
Current ratio	1.38	1.69	1.66	1.86	1.95	1.73	1.25	1.57
Quick ratio	1.33	1.64	1.62	1.83	1.89	1.67	1.19	1.51
Debt / equity	0.28	0.27	0.28	0.42	0.51	0.80	—	—
Equity / assets	36.9%	40.1%	39.5%	34.7%	34.8%	27.7%	−9.7%	−7.8%

Airbnb, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$12.07B	$12.06B	$11.01B	$11.68B	$11.36B	$11.49B	$10.61B	$11.25B	$11.25B	$11.09B	$10.07B	$10.96B
Cash & equivalents	$6.82B	$7.10B	$6.56B	$7.56B	$7.40B	$7.60B	$6.86B	$7.67B	$7.88B	$7.86B	$6.87B	$8.18B
Short-term investments	$5.25B	$4.97B	$4.45B	$4.16B	$3.95B	$3.89B	$3.75B	$3.58B	$3.37B	$3.26B	$3.20B	$2.79B
Receivables	$209.0M	$191.0M	$7.14B	$7.39B	$11.25B	$9.35B	$6.08B	$6.75B	$10.52B	$8.74B	$6.07B	$6.19B
Inventory	−$209.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$13.41B	$11.35B	$638.0M	$465.0M	$571.0M	$454.0M	$491.0M	$318.0M	$484.0M	$563.0M	$364.0M	$369.0M
Total current assets	$25.48B	$23.60B	$18.80B	$19.54B	$23.18B	$21.30B	$17.18B	$18.32B	$22.25B	$20.39B	$16.51B	$17.52B
Property, plant & equipment (net)	$0	$0	$257.0M	$272.0M	$276.0M	$277.0M	$291.0M	$262.0M	$273.0M	$282.0M	$279.0M	$270.0M
Goodwill & intangible assets	$1.53B	$1.53B	$1.52B	$773.0M	$776.0M	$775.0M	$777.0M	$783.0M	$783.0M	$786.0M	$792.0M	$676.0M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$1.75B	$1.69B	$1.63B	$2.48B	$2.76B	$2.71B	$2.71B	$2.81B	$3.01B	$3.08B	$3.06B	$2.97B
Total assets	$28.75B	$26.83B	$22.21B	$23.06B	$26.99B	$25.06B	$20.96B	$22.17B	$26.32B	$24.54B	$20.64B	$21.44B
Liabilities
Accounts payable	$144.0M	$180.0M	$232.0M	$181.0M	$221.0M	$186.0M	$142.0M	$181.0M	$163.0M	$184.0M	$141.0M	$163.0M
Short-term debt	$20.0M	$59.0M	$2.07B	$2.06B	$2.06B	$2.06B	$63.0M	$54.0M	$59.0M	$61.0M	$61.0M	$54.0M
Deferred revenue	$2.83B	$2.73B	$1.74B	$1.82B	$2.86B	$2.72B	$1.62B	$1.66B	$2.62B	$2.43B	$1.43B	$1.61B
Total current liabilities	$18.09B	$16.36B	$13.65B	$14.04B	$18.82B	$16.73B	$10.16B	$11.34B	$15.83B	$14.14B	$9.95B	$9.82B
Long-term debt	$2.48B	$2.48B	$0	$0	$0	$0	$2.00B	$1.99B	$1.99B	$1.99B	$1.99B	$1.99B
Lease obligations	$20.0M	$59.0M	$68.0M	$280.0M	$285.0M	$284.0M	$299.0M	$265.0M	$281.0M	$61.0M	$313.0M	$319.0M
Other long-term liabilities	$387.0M	$353.0M	$360.0M	$415.0M	$394.0M	$389.0M	$391.0M	$354.0M	$497.0M	$510.0M	$539.0M	$505.0M
Total liabilities	$20.95B	$19.19B	$14.01B	$14.45B	$19.21B	$17.12B	$12.55B	$13.68B	$18.32B	$16.64B	$12.48B	$12.32B
Shareholders' equity
Retained earnings (deficit)	−$6.65B	−$6.40B	−$5.50B	−$4.75B	−$5.26B	−$4.88B	−$4.22B	−$3.84B	−$4.11B	−$3.91B	−$3.42B	−$2.32B
Accumulated other comprehensive income	$19.0M	−$2.0M	−$62.0M	−$79.0M	−$128.0M	−$21.0M	$35.0M	−$47.0M	−$5.0M	−$9.0M	−$49.0M	−$5.0M
Total shareholders' equity	$7.80B	$7.64B	$8.20B	$8.61B	$7.78B	$7.94B	$8.41B	$8.49B	$8.00B	$7.90B	$8.16B	$9.12B
Key figures
Total debt	$2.50B	$2.53B	$2.27B	$2.49B	$2.28B	$2.28B	$2.29B	$2.26B	$2.27B	$2.29B	$2.30B	$2.31B
Net cash (debt)	$9.57B	$9.53B	$8.74B	$9.19B	$9.07B	$9.21B	$8.32B	$8.99B	$8.98B	$8.80B	$7.77B	$8.65B
Working capital	$7.39B	$7.24B	$5.15B	$5.50B	$4.36B	$4.57B	$7.02B	$6.98B	$6.42B	$6.25B	$6.56B	$7.70B
Tangible book value	$6.27B	$6.10B	$6.67B	$7.84B	$7.01B	$7.16B	$7.63B	$7.71B	$7.22B	$7.11B	$7.37B	$8.45B
Book value per share	$13.06	$12.56	$13.16	$13.86	$12.43	$12.56	$13.50	$13.22	$12.33	$12.07	$12.80	$13.82
Shares outstanding	597.0M	608.0M	623.0M	621.0M	626.0M	632.0M	623.0M	642.0M	649.0M	654.0M	638.0M	660.0M
Current ratio	1.41	1.44	1.38	1.39	1.23	1.27	1.69	1.62	1.41	1.44	1.66	1.78
Quick ratio	0.68	0.75	1.33	1.36	1.20	1.25	1.64	1.59	1.38	1.40	1.62	1.75
Debt / equity	0.32	0.33	0.28	0.29	0.29	0.29	0.27	0.27	0.28	0.29	0.28	0.25
Equity / assets	27.1%	28.5%	36.9%	37.3%	28.8%	31.7%	40.1%	38.3%	30.4%	32.2%	39.5%	42.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.

ABNB financial position

At the end of fiscal 2025 (December 31, 2025), Airbnb had total assets of $22.2 billion (up 6.0% from a year earlier), total liabilities of $14.0 billion and shareholders' equity of $8.2 billion. It held $11.0 billion in cash and short-term investments against $2.3 billion of debt, a net cash position of $8.7 billion. Its current ratio was 1.38. In the latest quarter (ended June 30, 2026) total assets were $28.8 billion and equity $7.8 billion.

Related: ABNB income statement, ABNB cash flow statement, ABNB key metrics. See the ABNB stock overview for the latest quote and news.

ABNB balance sheet FAQ

What are Airbnb's total assets?

Airbnb reported total assets of $22.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $21.0 billion a year earlier.

How much debt does Airbnb have?

Airbnb had $2.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.28.

How much cash does Airbnb have?

Airbnb held $11.0 billion in cash and short-term investments at the end of fiscal 2025; with $2.3 billion of debt that is net cash of $8.7 billion.

What is Airbnb's book value?

Airbnb's shareholders' equity (book value) was $8.2 billion at the end of fiscal 2025, or $13.16 per share.

What is Airbnb's current ratio?

Airbnb had current assets of $18.8 billion and current liabilities of $13.6 billion, a current ratio of 1.38 (it can cover its short-term obligations).

How much goodwill does Airbnb have?

Airbnb carried $770.0 million of goodwill and intangible assets, 3.5% of total assets, at the end of fiscal 2025.