Five9, Inc. (FIVN) Balance Sheet
FIVN balance sheet, 2025
December 31, 2025 · U.S. dollars$1.79B assets = $1.00B liabilities + $785.8M equity
Both columns are drawn to the same scale: what FIVN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FIVN financial health
Current ratio4.09
Comfortable · current assets cover current liabilities 4.09×
Debt / equity1.08
Moderate leverage · $1.08 of debt for each $1 of equity
Equity / assets43.9%
Equity-funded · of assets funded by shareholders
Cash / debt82.3%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles23.3%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
FIVN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $105.2M2016 | $1.79B2025 | +37.0%/yr | |
| Total liabilities | $74.9M2016 | $1.00B2025 | +33.4%/yr | |
| Shareholders’ equity | $30.3M2016 | $785.8M2025 | +43.6%/yr | |
| Cash & short-term investments | $58.1M2016 | $696.9M2025 | +31.8%/yr | |
| Total debt | $45.8M2016 | $847.2M2025 | +38.3%/yr | |
| Net cash (debt) | $12.3M2016 | −$150.3M2025 | −$162.6M | |
| Working capital | $40.9M2016 | $658.0M2025 | +$617.1M | |
| Book value per share | $0.582016 | $9.032025 | +35.7%/yr | |
| Current ratio | 2.202016 | 4.092025 | +1.89 | |
| Debt / equity | 1.512016 | 1.082025 | −0.43 | |
| Shares outstanding | 52.3M2016 | 87.0M2025 | +5.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FIVN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
FIVN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
FIVN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FIVN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $696.9M | $1.01B | $730.3M | $614.3M | $469.9M | $603.5M | $319.9M | $291.8M | $68.9M | $58.1M |
| Cash & equivalents | $232.1M | $362.5M | $143.2M | $180.5M | $90.9M | $220.4M | $78.0M | $81.9M | $68.9M | $58.1M |
| Short-term investments | $464.8M | $643.4M | $587.1M | $433.7M | $379.0M | $383.2M | $242.0M | $209.9M | $0 | $0 |
| Receivables | $135.1M | $122.4M | $101.5M | $90.9M | $86.3M | $50.0M | $38.5M | $25.1M | $19.0M | $13.9M |
| Inventory | $0 | −$35.2M | $1 | $47.2M | $57.2M | $31.8M | $18.7M | $14.7M | $2.4M | $1 |
| Other current assets | $39.0M | $155.4M | $92.2M | $26.3M | $3.9M | $3.7M | $4.1M | $2.3M | $2.4M | $3.0M |
| Total current assets | $871.0M | $1.25B | $924.1M | $778.7M | $617.2M | $689.1M | $381.3M | $334.0M | $92.8M | $75.0M |
| Property, plant & equipment (net) | $225.2M | $203.0M | $152.0M | $145.3M | $126.5M | $60.2M | $41.9M | $25.9M | $19.9M | $14.7M |
| Goodwill & intangible assets | $417.4M | $431.1M | $265.7M | $193.6M | $205.3M | $217.1M | $27.3M | $12.4M | $12.9M | $13.3M |
| Long-term investments | $750,000 | $750,000 | $2.0M | $885,000 | $147.4M | $42.1M | $0 | $0 | $0 | $0 |
| Other non-current assets | $275.7M | $167.8M | $150.8M | $125.9M | $96.5M | $55.2M | $31.8M | $22.4M | $2.6M | $2.2M |
| Total assets | $1.79B | $2.05B | $1.49B | $1.24B | $1.19B | $1.06B | $482.4M | $394.7M | $128.2M | $105.2M |
| Liabilities | ||||||||||
| Accounts payable | $30.0M | $26.3M | $24.4M | $23.6M | $20.5M | $17.1M | $10.2M | $7.0M | $4.3M | $3.4M |
| Short-term debt | $21.4M | $452.5M | $12.5M | $10.8M | $9.8M | $4.5M | $8.6M | $6.6M | $7.0M | $7.0M |
| Deferred revenue | $77.5M | $79.2M | $68.2M | $57.8M | $43.7M | $32.0M | $24.7M | $17.4M | $14.0M | $10.0M |
| Total current liabilities | $213.0M | $641.7M | $167.2M | $150.8M | $157.6M | $103.6M | $66.0M | $48.0M | $39.5M | $34.1M |
| Long-term debt | $735.5M | $731.9M | $742.1M | $738.4M | $768.6M | $643.3M | $209.6M | $201.3M | $39.8M | $38.8M |
| Lease obligations | $69.6M | $67.8M | $51.8M | $52.0M | $56.9M | $9.9M | $13.7M | $4.5M | $7.2M | $5.9M |
| Other long-term liabilities | $55.8M | $55.5M | $47.1M | $45.4M | $55.6M | $37.7M | $10.3M | $2.7M | $2.1M | $2.0M |
| Total liabilities | $1.00B | $1.43B | $956.5M | $934.5M | $981.8M | $784.6M | $285.9M | $251.9M | $81.4M | $74.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $77,000 | $76,000 | $73,000 | $71,000 | $68,000 | $67,000 | $61,000 | $59,000 | $222.3M | $196.6M |
| Retained earnings (deficit) | −$378.2M | −$417.6M | −$404.9M | −$323.1M | −$228.4M | −$198.2M | −$156.0M | −$151.5M | −$175.4M | −$166.3M |
| Treasury stock | — | — | — | — | — | $2.3M | — | — | $0 | $0 |
| Accumulated other comprehensive income | $897,000 | $636,000 | $582,000 | −$2.7M | −$287,000 | $335,000 | $576,000 | −$93,000 | −$36.9M | −$30.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $785.8M | $622.2M | $538.1M | $310.0M | $211.1M | $279.2M | $196.5M | $142.7M | $46.8M | $30.3M |
| Key figures | ||||||||||
| Total debt | $847.2M | $1.23B | $793.9M | $790.6M | $825.5M | $653.2M | $223.3M | $207.9M | $46.7M | $45.8M |
| Net cash (debt) | −$150.3M | −$227.2M | −$63.6M | −$176.3M | −$355.7M | −$49.7M | $96.6M | $83.9M | $22.2M | $12.3M |
| Working capital | $658.0M | $606.9M | $756.8M | $627.9M | $459.7M | $585.6M | $315.3M | $286.0M | $53.3M | $40.9M |
| Tangible book value | $368.4M | $191.1M | $272.4M | $116.4M | $5.8M | $62.1M | $169.1M | $130.3M | $34.0M | $17.0M |
| Book value per share | $9.03 | $8.35 | $7.47 | $4.43 | $3.13 | $4.35 | $3.25 | $2.46 | $0.85 | $0.58 |
| Shares outstanding | 87.0M | 74.5M | 72.0M | 69.9M | 67.5M | 64.2M | 60.4M | 58.1M | 54.9M | 52.3M |
| Current ratio | 4.09 | 1.95 | 5.53 | 5.16 | 3.92 | 6.65 | 5.78 | 6.96 | 2.35 | 2.20 |
| Quick ratio | 3.91 | 1.76 | 4.97 | 4.68 | 3.53 | 6.31 | 5.43 | 6.60 | 2.23 | 2.11 |
| Debt / equity | 1.08 | 1.98 | 1.48 | 2.55 | 3.91 | 2.34 | 1.14 | 1.46 | 1.00 | 1.51 |
| Equity / assets | 43.9% | 30.3% | 36.0% | 24.9% | 17.7% | 26.2% | 40.7% | 36.2% | 36.5% | 28.8% |
| 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 | $654.1M | $723.9M | $696.9M | $676.2M | $635.9M | $1.04B | $1.01B | $966.7M | $1.11B | $1.08B | $730.3M | $700.3M |
| Cash & equivalents | $187.3M | $273.0M | $232.1M | $193.4M | $205.5M | $370.3M | $362.5M | $291.0M | $175.7M | $240.2M | $143.2M | $127.8M |
| Short-term investments | $466.8M | $450.9M | $464.8M | $482.7M | $430.4M | $671.4M | $643.4M | $675.7M | $930.6M | $843.2M | $587.1M | $572.5M |
| Receivables | $147.1M | $142.3M | $135.1M | $141.7M | $130.9M | $120.9M | $122.4M | $122.9M | $106.4M | $103.8M | $101.5M | $97.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$35.2M | $0 | $0 | $1 | $1 | $84.6M |
| Other current assets | $150.1M | $139.1M | $39.0M | $46.3M | $127.4M | $124.8M | $155.4M | $114.7M | $109.4M | $102.1M | $92.2M | $8.4M |
| Total current assets | $951.3M | $1.01B | $871.0M | $864.2M | $894.2M | $1.29B | $1.25B | $1.20B | $1.32B | $1.29B | $924.1M | $890.7M |
| Property, plant & equipment (net) | $231.9M | $222.5M | $225.2M | $218.5M | $210.7M | $204.0M | $203.0M | $200.8M | $162.4M | $154.0M | $152.0M | $148.2M |
| Goodwill & intangible assets | $410.6M | $414.0M | $417.4M | $420.9M | $424.8M | $428.2M | $431.1M | $435.2M | $260.3M | $262.9M | $265.7M | $268.9M |
| Long-term investments | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $2.0M | $2.0M | $2.0M | $2.0M |
| Other non-current assets | $235.5M | $222.7M | $275.7M | $264.1M | $174.4M | $169.5M | $167.8M | $166.9M | $163.6M | $163.1M | $150.8M | $146.7M |
| Total assets | $1.83B | $1.87B | $1.79B | $1.77B | $1.70B | $2.09B | $2.05B | $2.01B | $1.91B | $1.87B | $1.49B | $1.46B |
| Liabilities | ||||||||||||
| Accounts payable | $37.3M | $30.6M | $30.0M | $30.4M | $31.1M | $29.5M | $26.3M | $33.9M | $29.4M | $25.7M | $24.4M | $28.5M |
| Short-term debt | $22.8M | $20.9M | $21.4M | $20.0M | $20.6M | $454.3M | $452.5M | $452.1M | $443.7M | $11.7M | $12.5M | $13.1M |
| Deferred revenue | $73.4M | $83.3M | $77.5M | $74.7M | $68.0M | $74.8M | $79.2M | $80.0M | $65.3M | $67.0M | $68.2M | $64.6M |
| Total current liabilities | $229.3M | $222.8M | $213.0M | $205.7M | $201.6M | $638.9M | $641.7M | $650.2M | $614.7M | $183.5M | $167.2M | $172.0M |
| Long-term debt | $737.3M | $736.4M | $735.5M | $734.6M | $733.6M | $732.7M | $731.9M | $730.9M | $730.0M | $1.16B | $742.1M | $741.2M |
| Lease obligations | $67.8M | $63.9M | $69.6M | $63.5M | $65.9M | $67.5M | $67.8M | $72.8M | $45.5M | $48.3M | $51.8M | $54.5M |
| Other long-term liabilities | $78.7M | $76.5M | $55.8M | $52.8M | $52.3M | $54.0M | $55.5M | $61.1M | $39.8M | $43.2M | $47.1M | $49.4M |
| Total liabilities | $1.05B | $1.04B | $1.00B | $993.1M | $987.5M | $1.43B | $1.43B | $1.44B | $1.38B | $1.39B | $956.5M | $962.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $75,000 | $77,000 | $77,000 | $78,000 | $77,000 | $76,000 | $76,000 | $75,000 | $75,000 | $74,000 | $73,000 | $73,000 |
| Retained earnings (deficit) | −$356.4M | −$359.8M | −$378.2M | −$397.9M | −$415.9M | −$417.1M | −$417.6M | −$429.2M | −$424.7M | −$411.9M | −$404.9M | −$392.5M |
| Accumulated other comprehensive income | $451,000 | $872,000 | $897,000 | $749,000 | $108,000 | $497,000 | $636,000 | $1.8M | −$502,000 | −$303,000 | $582,000 | −$798,000 |
| Total shareholders' equity | $784.8M | $829.6M | $785.8M | $775.3M | $717.4M | $664.3M | $622.2M | $565.6M | $525.9M | $483.6M | $538.1M | $493.9M |
| Key figures | ||||||||||||
| Total debt | $805.0M | $800.3M | $847.2M | $798.0M | $799.5M | $1.23B | $1.23B | $1.24B | $1.21B | $1.21B | $793.9M | $795.6M |
| Net cash (debt) | −$151.0M | −$76.4M | −$150.3M | −$121.8M | −$163.6M | −$192.5M | −$227.2M | −$270.0M | −$101.5M | −$125.9M | −$63.6M | −$95.3M |
| Working capital | $722.1M | $782.6M | $658.0M | $658.5M | $692.6M | $648.6M | $606.9M | $554.0M | $707.4M | $1.11B | $756.8M | $718.7M |
| Tangible book value | $374.2M | $415.6M | $368.4M | $354.4M | $292.6M | $236.1M | $191.1M | $130.4M | $265.6M | $220.7M | $272.4M | $225.0M |
| Book value per share | $9.18 | $9.61 | $9.03 | $8.88 | $8.04 | $7.44 | $7.02 | $7.55 | $7.09 | $6.58 | $7.38 | $6.83 |
| Shares outstanding | 85.5M | 86.3M | 87.0M | 87.3M | 89.3M | 89.3M | 88.6M | 74.9M | 74.2M | 73.5M | 72.9M | 72.4M |
| Current ratio | 4.15 | 4.51 | 4.09 | 4.20 | 4.44 | 2.02 | 1.95 | 1.85 | 2.15 | 7.02 | 5.53 | 5.18 |
| Quick ratio | 3.49 | 3.89 | 3.91 | 3.98 | 3.80 | 1.82 | 1.76 | 1.68 | 1.97 | 6.47 | 4.97 | 4.64 |
| Debt / equity | 1.03 | 0.96 | 1.08 | 1.03 | 1.11 | 1.86 | 1.98 | 2.19 | 2.30 | 2.50 | 1.48 | 1.61 |
| Equity / assets | 42.9% | 44.5% | 43.9% | 43.8% | 42.1% | 31.8% | 30.3% | 28.2% | 27.5% | 25.8% | 36.0% | 33.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
FIVN financial position
At the end of fiscal 2025 (December 31, 2025), Five9 had total assets of $1.8 billion (down 12.7% from a year earlier), total liabilities of $1.0 billion and shareholders' equity of $785.8 million. It held $696.9 million in cash and short-term investments against $847.2 million of debt, net debt of $150.3 million. Its current ratio was 4.09. In the latest quarter (ended June 30, 2026) total assets were $1.8 billion and equity $784.8 million.
Related: FIVN income statement, FIVN cash flow statement, FIVN key metrics. See the FIVN stock overview for the latest quote and news.
FIVN balance sheet FAQ
What are Five9's total assets?
Five9 reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.1 billion a year earlier.
How much debt does Five9 have?
Five9 had $847.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.08.
How much cash does Five9 have?
Five9 held $696.9 million in cash and short-term investments at the end of fiscal 2025; with $847.2 million of debt that is net debt of $150.3 million.
What is Five9's book value?
Five9's shareholders' equity (book value) was $785.8 million at the end of fiscal 2025, or $9.03 per share.
What is Five9's current ratio?
Five9 had current assets of $871.0 million and current liabilities of $213.0 million, a current ratio of 4.09 (it can cover its short-term obligations).
How much goodwill does Five9 have?
Five9 carried $417.4 million of goodwill and intangible assets, 23.3% of total assets, at the end of fiscal 2025.