Dolby Laboratories, Inc. (DLB) Balance Sheet
DLB balance sheet, FY2025
September 30, 2025 · U.S. dollars$3.23B assets = $595.8M liabilities + $2.63B equity
Both columns are drawn to the same scale: what DLB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DLB financial health
Descriptive bands, not a rating. Fiscal FY2025.
DLB balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.32BFY2016 | $3.23BFY2025 | +3.8%/yr | |
| Total liabilities | $337.8MFY2016 | $595.8MFY2025 | +6.5%/yr | |
| Shareholders’ equity | $1.97BFY2016 | $2.62BFY2025 | +3.2%/yr | |
| Cash & short-term investments | $641.4MFY2016 | $702.6MFY2025 | +1.0%/yr | |
| Total debt | $0FY2016 | $38.9MFY2025 | — | |
| Net cash (debt) | $641.4MFY2016 | $663.7MFY2025 | +$22.3M | |
| Working capital | $546.6MFY2016 | $950.5MFY2025 | +$403.8M | |
| Book value per share | $19.24FY2016 | $26.90FY2025 | +3.8%/yr | |
| Current ratio | 3.57FY2016 | 3.17FY2025 | −0.39 | |
| Debt / equity | 0.00FY2016 | 0.01FY2025 | +0.01 | |
| Shares outstanding | 102.4MFY2016 | 97.5MFY2025 | −0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DLB assets
DLB liabilities and equity
DLB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DLB balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $702.6M | $577.8M | $957.1M | $817.6M | $1.27B | $1.13B | $924.7M | $1.10B | $882.1M | $641.4M |
| Cash & equivalents | $701.9M | $577.8M | $818.0M | $628.4M | $1.23B | $1.08B | $805.6M | $925.2M | $634.4M | $519.8M |
| Short-term investments | $703,000 | $0 | $139.1M | $189.2M | $38.8M | $46.9M | $119.1M | $178.1M | $247.8M | $121.6M |
| Receivables | $511.9M | $512.9M | $444.4M | $419.7M | $414.9M | $341.7M | $385.5M | $334.5M | $76.2M | $77.0M |
| Inventory | $30.4M | $33.7M | $35.6M | $23.5M | $11.0M | $25.6M | $32.3M | $26.2M | $25.1M | $16.4M |
| Other current assets | $143.3M | $70.0M | $50.7M | $50.1M | $62.7M | $53.0M | $38.9M | $0 | $28.1M | $25.0M |
| Total current assets | $1.39B | $1.19B | $1.49B | $1.31B | $1.76B | $1.55B | $1.38B | $1.30B | $1.01B | $759.7M |
| Property, plant & equipment (net) | $503.8M | $518.2M | $521.8M | $560.0M | $601.5M | $618.5M | $537.4M | $514.2M | $485.3M | $443.7M |
| Goodwill & intangible assets | $927.0M | $967.7M | $575.8M | $477.4M | $463.6M | $489.4M | $515.7M | $512.0M | $500.7M | $525.0M |
| Long-term investments | $80.2M | $89.3M | $97.8M | $102.5M | $62.8M | $52.1M | $179.6M | $187.8M | $314.4M | $393.9M |
| Other non-current assets | $328.5M | $361.1M | $311.3M | $251.3M | $234.5M | $230.4M | $209.8M | $352.3M | $229.2M | $194.3M |
| Total assets | $3.23B | $3.13B | $2.99B | $2.70B | $3.12B | $2.94B | $2.82B | $2.87B | $2.54B | $2.32B |
| Liabilities | ||||||||||
| Accounts payable | $17.8M | $17.4M | $20.9M | $14.2M | $17.8M | $12.6M | $15.2M | $21.9M | $14.4M | $17.5M |
| Short-term debt | $10.4M | $12.2M | $13.6M | $13.3M | $15.4M | $15.8M | $0 | $0 | $0 | $0 |
| Deferred revenue | $31.4M | $31.6M | $31.5M | $18.6M | $18.5M | $15.4M | $20.0M | $17.5M | $23.1M | $24.2M |
| Total current liabilities | $437.8M | $417.8M | $422.2M | $277.5M | $315.7M | $267.1M | $306.9M | $272.1M | $245.8M | $213.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $38.9M | $47.0M | $50.6M | $50.9M | $72.1M | $81.1M | — | — | — | — |
| Other long-term liabilities | $158.0M | $225.9M | $200.2M | $173.6M | $202.9M | $232.1M | $204.2M | $212.5M | $151.4M | $124.7M |
| Total liabilities | $595.8M | $643.7M | $622.4M | $451.2M | $518.7M | $499.2M | $511.1M | $497.7M | $397.1M | $337.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $94,000 | $94,000 | $94,000 | $94,000 | $100,000 | $99,000 | $99,000 | $66.2M | $61.4M | $42.1M |
| Retained earnings (deficit) | $2.63B | $2.50B | $2.39B | $2.30B | $2.61B | $2.44B | $2.33B | $2.14B | $2.08B | $1.94B |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | −$12.5M | −$19.2M | −$37.0M | −$51.6M | −$10.0M | −$10.6M | −$20.6M | −$15.8M | −$7.8M | −$10.2M |
| Minority interest | $9.4M | $9.7M | $17.1M | $4.8M | $6.3M | $5.8M | — | $0 | $7.1M | $8.5M |
| Total shareholders' equity | $2.62B | $2.48B | $2.36B | $2.25B | $2.60B | $2.43B | $2.31B | $2.19B | $2.14B | $1.97B |
| Key figures | ||||||||||
| Total debt | $38.9M | $47.0M | $50.6M | $50.9M | $72.1M | $81.1M | $0 | $0 | $0 | $0 |
| Net cash (debt) | $663.7M | $530.8M | $906.5M | $766.6M | $1.20B | $1.05B | $924.7M | $1.10B | $882.1M | $641.4M |
| Working capital | $950.5M | $776.6M | $1.07B | $1.03B | $1.44B | $1.28B | $1.07B | $1.03B | $765.7M | $546.6M |
| Tangible book value | $1.70B | $1.51B | $1.78B | $1.77B | $2.13B | $1.94B | $1.79B | $1.68B | $1.64B | $1.45B |
| Book value per share | $26.90 | $25.45 | $24.13 | $22.03 | $24.83 | $23.63 | $22.06 | $20.47 | $20.69 | $19.24 |
| Shares outstanding | 97.5M | 97.3M | 97.6M | 102.0M | 104.6M | 102.9M | 104.6M | 107.0M | 103.3M | 102.4M |
| Current ratio | 3.17 | 2.86 | 3.52 | 4.72 | 5.58 | 5.79 | 4.50 | 4.78 | 4.12 | 3.57 |
| Quick ratio | 2.77 | 2.61 | 3.32 | 4.46 | 5.34 | 5.50 | 4.27 | 5.28 | 3.90 | 3.37 |
| Debt / equity | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 81.3% | 79.1% | 78.6% | 83.1% | 83.2% | 82.8% | 81.7% | 76.3% | 84.1% | 85.1% |
| 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 | $670.0M | $594.7M | $644.6M | $702.6M | $699.3M | $750.3M | $611.7M | $577.8M | $905.9M | $940.2M | $849.5M | $957.1M |
| Cash & equivalents | $669.4M | $594.3M | $643.8M | $701.9M | $698.6M | $750.3M | $611.7M | $577.8M | $774.4M | $824.4M | $708.7M | $818.0M |
| Short-term investments | $652,000 | $460,000 | $739,000 | $703,000 | $763,000 | — | — | $0 | $131.5M | $115.9M | $140.8M | $139.1M |
| Receivables | $492.0M | $630.2M | $571.4M | $511.9M | $502.0M | $544.5M | $560.2M | $512.9M | $476.6M | $525.3M | $510.8M | $444.4M |
| Inventory | $30.8M | $31.9M | $31.3M | $30.4M | $32.4M | $34.6M | $31.8M | $33.7M | $34.7M | $35.8M | $37.6M | $35.6M |
| Other current assets | $133.2M | $157.8M | $160.9M | $143.3M | $104.4M | $59.9M | $82.1M | $70.0M | $51.3M | $50.4M | $53.5M | $50.7M |
| Total current assets | $1.33B | $1.41B | $1.41B | $1.39B | $1.34B | $1.39B | $1.29B | $1.19B | $1.47B | $1.55B | $1.45B | $1.49B |
| Property, plant & equipment (net) | $501.5M | $506.6M | $502.3M | $503.8M | $511.4M | $506.7M | $513.1M | $518.2M | $517.5M | $524.5M | $517.3M | $521.8M |
| Goodwill & intangible assets | $910.8M | $919.4M | $894.3M | $927.0M | $937.0M | $937.1M | $941.7M | $967.7M | $553.1M | $560.8M | $570.3M | $575.8M |
| Long-term investments | $86.4M | $81.2M | $85.0M | $80.2M | $78.0M | $73.8M | $86.3M | $89.3M | $117.9M | $128.0M | $92.9M | $97.8M |
| Other non-current assets | $331.8M | $327.6M | $302.4M | $328.5M | $331.5M | $322.2M | $331.8M | $361.1M | $316.4M | $279.7M | $303.6M | $311.3M |
| Total assets | $3.16B | $3.25B | $3.19B | $3.23B | $3.20B | $3.23B | $3.16B | $3.13B | $2.97B | $3.04B | $2.94B | $2.99B |
| Liabilities | ||||||||||||
| Accounts payable | $12.5M | $20.7M | $8.7M | $17.8M | $17.2M | $17.3M | $11.6M | $17.4M | $16.4M | $19.7M | $14.4M | $20.9M |
| Short-term debt | $9.9M | $9.9M | $10.3M | $10.4M | $10.9M | $10.8M | $11.4M | $12.2M | $12.6M | $14.2M | $12.9M | $13.6M |
| Deferred revenue | $33.6M | $38.8M | $37.1M | $31.4M | $36.0M | $39.6M | $37.1M | $31.6M | $32.6M | $37.7M | $33.4M | $31.5M |
| Total current liabilities | $416.3M | $474.6M | $443.5M | $437.8M | $388.8M | $457.5M | $441.9M | $417.8M | $354.5M | $442.9M | $394.1M | $422.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $47.5M | $49.7M | $40.6M | $38.9M | $39.1M | $40.4M | $44.4M | $47.0M | $48.2M | $51.9M | $47.2M | $50.6M |
| Other long-term liabilities | $147.6M | $147.8M | $145.7M | $158.0M | $193.0M | $188.5M | $199.7M | $225.9M | $171.7M | $164.1M | $179.1M | $200.2M |
| Total liabilities | $563.9M | $622.4M | $589.3M | $595.8M | $581.8M | $646.0M | $641.6M | $643.7M | $526.2M | $607.0M | $573.2M | $622.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $92,000 | $93,000 | $94,000 | $94,000 | $94,000 | $95,000 | $95,000 | $94,000 | $94,000 | $94,000 | $94,000 | $94,000 |
| Retained earnings (deficit) | $2.60B | $2.63B | $2.60B | $2.63B | $2.62B | $2.60B | $2.54B | $2.50B | $2.46B | $2.45B | $2.37B | $2.39B |
| Accumulated other comprehensive income | −$15.5M | −$12.3M | −$10.8M | −$12.5M | −$13.5M | −$28.0M | −$35.5M | −$19.2M | −$30.2M | −$29.1M | −$21.4M | −$37.0M |
| Minority interest | $9.2M | $9.1M | $9.2M | $9.4M | $9.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.58B | $2.62B | $2.59B | $2.62B | $2.60B | $2.57B | $2.51B | $2.48B | $2.43B | $2.42B | $2.35B | $2.36B |
| Key figures | ||||||||||||
| Total debt | $47.5M | $49.7M | $40.6M | $38.9M | $39.1M | $40.4M | $44.4M | $47.0M | $48.2M | $51.9M | $47.2M | $50.6M |
| Net cash (debt) | $622.6M | $545.0M | $603.9M | $663.7M | $660.2M | $709.9M | $567.2M | $530.8M | $857.8M | $888.3M | $802.2M | $906.5M |
| Working capital | $909.7M | $940.1M | $964.6M | $950.5M | $949.3M | $931.8M | $843.9M | $776.6M | $1.11B | $1.11B | $1.06B | $1.07B |
| Tangible book value | $1.67B | $1.70B | $1.70B | $1.70B | $1.67B | $1.64B | $1.57B | $1.51B | $1.88B | $1.86B | $1.78B | $1.78B |
| Book value per share | $27.33 | $27.41 | $26.87 | $27.08 | $26.88 | $26.40 | $25.82 | $25.65 | $25.09 | $24.99 | $24.08 | $24.11 |
| Shares outstanding | 94.5M | 95.5M | 96.5M | 96.8M | 96.9M | 97.5M | 97.1M | 96.6M | 97.0M | 96.9M | 97.4M | 97.7M |
| Current ratio | 3.19 | 2.98 | 3.17 | 3.17 | 3.44 | 3.04 | 2.91 | 2.86 | 4.14 | 3.50 | 3.68 | 3.52 |
| Quick ratio | 2.79 | 2.58 | 2.74 | 2.77 | 3.09 | 2.83 | 2.65 | 2.61 | 3.90 | 3.31 | 3.45 | 3.32 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Equity / assets | 81.8% | 80.6% | 81.3% | 81.3% | 81.5% | 79.7% | 79.4% | 79.1% | 81.8% | 79.5% | 79.9% | 78.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 18, 2025); data from EODHD.
DLB financial position
At the end of fiscal 2025 (September 30, 2025), Dolby Laboratories had total assets of $3.2 billion (up 3.1% from a year earlier), total liabilities of $595.8 million and shareholders' equity of $2.6 billion. It held $702.6 million in cash and short-term investments against $38.9 million of debt, a net cash position of $663.7 million. Its current ratio was 3.17. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $2.6 billion.
Related: DLB income statement, DLB cash flow statement, DLB key metrics. See the DLB stock overview for the latest quote and news.
DLB balance sheet FAQ
What are Dolby Laboratories's total assets?
Dolby Laboratories reported total assets of $3.2 billion at the end of fiscal 2025 (September 30, 2025), compared with $3.1 billion a year earlier.
How much debt does Dolby Laboratories have?
Dolby Laboratories had $38.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Dolby Laboratories have?
Dolby Laboratories held $702.6 million in cash and short-term investments at the end of fiscal 2025; with $38.9 million of debt that is net cash of $663.7 million.
What is Dolby Laboratories's book value?
Dolby Laboratories's shareholders' equity (book value) was $2.6 billion at the end of fiscal 2025, or $26.90 per share.
What is Dolby Laboratories's current ratio?
Dolby Laboratories had current assets of $1.4 billion and current liabilities of $437.8 million, a current ratio of 3.17 (it can cover its short-term obligations).
How much goodwill does Dolby Laboratories have?
Dolby Laboratories carried $927.0 million of goodwill and intangible assets, 28.7% of total assets, at the end of fiscal 2025.