Marvell Technology, Inc. (MRVL) Balance Sheet
MRVL balance sheet, FY2026
January 31, 2026 · U.S. dollars$22.29B assets = $7.98B liabilities + $14.31B equity
Both columns are drawn to the same scale: what MRVL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MRVL financial health
Current ratio2.01
Comfortable · current assets cover current liabilities 2.01×
Debt / equity0.33
Low leverage · $0.33 of debt for each $1 of equity
Equity / assets64.2%
Equity-funded · of assets funded by shareholders
Cash / debt55.1%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles58.8%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
MRVL balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.65BFY2017 | $22.29BFY2026 | +19.0%/yr | |
| Total liabilities | $621.0MFY2017 | $7.98BFY2026 | +32.8%/yr | |
| Shareholders’ equity | $4.03BFY2017 | $14.31BFY2026 | +15.1%/yr | |
| Cash & short-term investments | $1.67BFY2017 | $2.64BFY2026 | +5.2%/yr | |
| Total debt | $36.9MFY2017 | $4.79BFY2026 | +71.7%/yr | |
| Net cash (debt) | $1.63BFY2017 | −$2.15BFY2026 | −$3.8B | |
| Working capital | $1.79BFY2017 | $3.24BFY2026 | +$1.4B | |
| Book value per share | $7.78FY2017 | $16.45FY2026 | +8.7%/yr | |
| Current ratio | 4.61FY2017 | 2.01FY2026 | −2.61 | |
| Debt / equity | 0.01FY2017 | 0.33FY2026 | +0.33 | |
| Shares outstanding | 517.5MFY2017 | 869.7MFY2026 | +5.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MRVL assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MRVL liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MRVL debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MRVL balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.64B | $948.3M | $950.8M | $911.0M | $613.5M | $748.5M | $647.6M | $582.4M | $1.84B | $1.67B |
| Cash & equivalents | $2.64B | $948.3M | $950.8M | $911.0M | $613.5M | $748.5M | $647.6M | $582.4M | $888.5M | $814.1M |
| Short-term investments | — | — | $2.6M | $150.7M | $177.6M | $114.6M | $88.2M | $73.9M | $952.8M | $854.3M |
| Receivables | $2.19B | $1.03B | $1.12B | $1.19B | $1.05B | $536.7M | $492.3M | $493.1M | $280.4M | $335.4M |
| Inventory | $1.39B | $1.03B | $864.4M | $1.07B | $720.3M | $268.2M | $323.0M | $276.0M | $170.0M | $170.8M |
| Other current assets | $247.2M | $113.9M | $125.9M | $109.6M | $111.0M | $63.8M | $74.6M | $43.7M | $72.2M | $115.8M |
| Total current assets | $6.46B | $3.12B | $3.06B | $3.28B | $2.49B | $1.62B | $1.54B | $1.40B | $2.36B | $2.29B |
| Property, plant & equipment (net) | $1.22B | $1.04B | $959.6M | $788.7M | $604.8M | $427.5M | $357.1M | $319.0M | $202.2M | $243.4M |
| Goodwill & intangible assets | $13.11B | $14.70B | $15.94B | $17.13B | $18.15B | $7.85B | $8.10B | $8.06B | $2.08B | $2.06B |
| Long-term investments | $129.6M | $48.2M | $45.8M | $36.1M | $30.7M | $7.6M | $0 | $0 | $2.2M | $10.4M |
| Other non-current assets | $1.36B | $1.30B | $1.22B | $1.29B | $825.0M | $862.7M | $1.14B | $247.3M | $59.1M | $41.5M |
| Total assets | $22.29B | $20.20B | $21.23B | $22.52B | $22.11B | $10.76B | $11.13B | $10.02B | $4.71B | $4.65B |
| Liabilities | ||||||||||
| Accounts payable | $1.07B | $622.2M | $411.3M | $465.8M | $461.5M | $252.4M | $213.7M | $185.4M | $145.2M | $143.5M |
| Short-term debt | $556.3M | $177.8M | $146.7M | $628.2M | $101.4M | $232.1M | $28.7M | $142.4M | $28.5M | $283.1M |
| Deferred revenue | $40.1M | $22.1M | $43.2M | $45.2M | $39.0M | $16.1M | $111.5M | $4.9M | $61.2M | $64.0M |
| Total current liabilities | $3.22B | $2.03B | $1.81B | $2.39B | $1.39B | $1.08B | $710.2M | $636.8M | $421.1M | $496.4M |
| Long-term debt | $3.97B | $3.93B | $4.06B | $3.91B | $4.48B | $993.2M | $1.44B | $1.73B | $0 | $0 |
| Lease obligations | $319.7M | $279.3M | $235.4M | $245.4M | $178.5M | $136.9M | $144.4M | — | — | — |
| Other long-term liabilities | $785.6M | $816.4M | $524.3M | $590.5M | $533.1M | $258.9M | $305.5M | $340.8M | $145.7M | $124.6M |
| Total liabilities | $7.98B | $6.78B | $6.40B | $6.88B | $6.41B | $2.33B | $2.45B | $2.71B | $566.9M | $621.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.4M | $1.3M | $1.3M | $991,000 | $1.0M |
| Retained earnings (deficit) | $1.36B | −$1.11B | −$16.7M | $1.12B | $1.49B | $2.10B | $2.54B | $1.12B | $1.41B | $1.01B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | $400,000 | $1.1M | — | $0 | — | −$739.5M | −$712.9M | −$2.3M | $23,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $14.31B | $13.43B | $14.83B | $15.64B | $15.70B | $8.44B | $8.68B | $7.31B | $4.14B | $4.03B |
| Key figures | ||||||||||
| Total debt | $4.79B | $4.34B | $4.40B | $4.74B | $4.73B | $1.33B | $1.47B | $1.88B | $62.5M | $36.9M |
| Net cash (debt) | −$2.15B | −$3.39B | −$3.45B | −$3.83B | −$4.11B | −$581.2M | −$820.1M | −$1.29B | $1.78B | $1.63B |
| Working capital | $3.24B | $1.09B | $1.25B | $894.4M | $1.10B | $540.0M | $827.3M | $758.5M | $1.94B | $1.79B |
| Tangible book value | $1.20B | −$1.27B | −$1.11B | −$1.49B | −$2.45B | $585.9M | $576.6M | −$748.8M | $2.06B | $1.96B |
| Book value per share | $16.45 | $15.51 | $17.22 | $18.37 | $19.71 | $12.61 | $12.84 | $12.36 | $8.13 | $7.78 |
| Shares outstanding | 869.7M | 865.5M | 861.3M | 851.4M | 796.9M | 668.8M | 676.1M | 591.2M | 509.7M | 517.5M |
| Current ratio | 2.01 | 1.54 | 1.69 | 1.37 | 1.80 | 1.50 | 2.16 | 2.19 | 5.61 | 4.61 |
| Quick ratio | 1.50 | 0.98 | 1.14 | 0.88 | 1.20 | 1.19 | 1.61 | 1.69 | 5.04 | 4.04 |
| Debt / equity | 0.33 | 0.32 | 0.30 | 0.30 | 0.30 | 0.16 | 0.17 | 0.26 | 0.02 | 0.01 |
| Equity / assets | 64.2% | 66.5% | 69.9% | 69.4% | 71.0% | 78.4% | 78.0% | 72.9% | 88.0% | 86.6% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.93B | $3.84B | $2.64B | $2.71B | $1.22B | $885.9M | $948.3M | $868.1M | $808.7M | $847.7M | $950.8M | $725.6M |
| Cash & equivalents | $3.93B | $3.84B | $2.64B | $2.71B | $1.22B | $885.9M | $948.3M | $868.1M | $808.7M | $847.7M | $950.8M | $725.6M |
| Short-term investments | — | — | — | $686.1M | — | $588.2M | — | — | $63.2M | $62.7M | $2.6M | $2.4M |
| Receivables | $2.22B | $1.87B | $2.19B | $1.55B | $1.45B | $1.14B | $1.03B | $997.9M | $1.06B | $881.9M | $1.12B | $1.21B |
| Inventory | $1.36B | $1.40B | $1.39B | $1.01B | $1.05B | $1.07B | $1.03B | $859.4M | $817.8M | $826.4M | $864.4M | $941.5M |
| Other current assets | $407.5M | $347.8M | $247.2M | $237.2M | $785.2M | $736.3M | $113.9M | $91.4M | $77.3M | $91.7M | $125.9M | $91.5M |
| Total current assets | $7.92B | $7.46B | $6.46B | $5.51B | $4.51B | $3.84B | $3.12B | $2.82B | $2.76B | $2.65B | $3.06B | $2.97B |
| Property, plant & equipment (net) | $1.36B | $1.26B | $1.22B | $1.13B | $1.07B | $1.02B | $1.04B | $995.6M | $998.4M | $961.6M | $959.6M | $911.7M |
| Goodwill & intangible assets | $16.22B | $16.73B | $13.11B | $13.36B | $13.62B | $13.89B | $14.70B | $14.71B | $15.40B | $15.65B | $15.94B | $16.20B |
| Long-term investments | $156.2M | $140.1M | $129.6M | $128.4M | $73.0M | $48.6M | $48.2M | $49.4M | $50.4M | $50.5M | $45.8M | $44.1M |
| Other non-current assets | $1.90B | $1.36B | $1.36B | $1.45B | $1.32B | $1.23B | $1.30B | $1.15B | $1.08B | $1.18B | $1.22B | $1.59B |
| Total assets | $27.55B | $26.94B | $22.29B | $21.58B | $20.59B | $20.02B | $20.20B | $19.72B | $20.29B | $20.49B | $21.23B | $21.71B |
| Liabilities | ||||||||||||
| Accounts payable | $797.9M | $709.7M | $1.07B | $633.7M | $610.7M | $562.7M | $622.2M | $538.1M | $453.4M | $320.9M | $411.3M | $419.1M |
| Short-term debt | $59.3M | $54.5M | $556.3M | $553.1M | $550.1M | $1.31B | $177.8M | $172.6M | $170.2M | $156.4M | $146.7M | $135.8M |
| Deferred revenue | — | $63.7M | $40.1M | $32.2M | $41.3M | $31.8M | $22.1M | $34.5M | $39.2M | $33.9M | $43.2M | $56.9M |
| Total current liabilities | $2.50B | $2.28B | $3.22B | $2.74B | $2.40B | $2.94B | $2.03B | $1.76B | $1.55B | $1.47B | $1.81B | $1.88B |
| Long-term debt | $4.96B | $4.96B | $3.97B | $3.97B | $3.97B | $2.98B | $3.93B | $3.97B | $4.00B | $4.03B | $4.06B | $4.09B |
| Lease obligations | $323.2M | $315.9M | $319.7M | $308.6M | $309.1M | $279.4M | $279.3M | $246.4M | $248.1M | $234.7M | $235.4M | $236.5M |
| Other long-term liabilities | $1.56B | $1.49B | $785.6M | $816.3M | $797.4M | $792.2M | $816.4M | $613.6M | $545.5M | $517.0M | $524.3M | $511.8M |
| Total liabilities | $9.02B | $8.73B | $7.98B | $7.52B | $7.16B | $6.71B | $6.78B | $6.34B | $6.09B | $6.01B | $6.40B | $6.48B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.8M | $1.8M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M |
| Retained earnings (deficit) | $1.59B | $1.34B | $1.36B | $1.01B | −$840.0M | −$983.1M | −$1.11B | −$1.26B | −$529.3M | −$284.1M | −$16.7M | $427.9M |
| Accumulated other comprehensive income | — | — | — | $400,000 | $600,000 | −$100,000 | $400,000 | −$300,000 | −$400,000 | $400,000 | $1.1M | −$1.4M |
| Total shareholders' equity | $18.53B | $18.22B | $14.31B | $14.06B | $13.42B | $13.31B | $13.43B | $13.37B | $14.20B | $14.48B | $14.83B | $15.23B |
| Key figures | ||||||||||||
| Total debt | $5.29B | $5.28B | $4.79B | $4.78B | $4.78B | $4.51B | $4.34B | $4.34B | $4.37B | $4.38B | $4.40B | $4.42B |
| Net cash (debt) | −$1.35B | −$1.43B | −$2.15B | −$2.06B | −$3.55B | −$3.63B | −$3.39B | −$3.47B | −$3.57B | −$3.53B | −$3.45B | −$3.70B |
| Working capital | $5.42B | $5.19B | $3.24B | $2.78B | $2.11B | $896.2M | $1.09B | $1.05B | $1.22B | $1.18B | $1.25B | $1.09B |
| Tangible book value | $2.31B | $1.49B | $1.20B | $699.5M | −$193.7M | −$576.7M | −$1.27B | −$1.34B | −$1.20B | −$1.17B | −$1.11B | −$966.4M |
| Book value per share | $20.12 | $20.39 | $16.71 | $16.16 | $15.42 | $15.20 | $15.51 | $15.45 | $16.41 | $16.74 | $17.15 | $17.66 |
| Shares outstanding | 921.2M | 893.3M | 856.2M | 869.9M | 870.4M | 875.6M | 865.5M | 865.7M | 865.7M | 865.0M | 864.7M | 862.6M |
| Current ratio | 3.17 | 3.28 | 2.01 | 2.01 | 1.88 | 1.30 | 1.54 | 1.60 | 1.79 | 1.80 | 1.69 | 1.58 |
| Quick ratio | 2.46 | 2.51 | 1.50 | 1.56 | 1.12 | 0.69 | 0.98 | 1.06 | 1.21 | 1.18 | 1.14 | 1.03 |
| Debt / equity | 0.29 | 0.29 | 0.33 | 0.34 | 0.36 | 0.34 | 0.32 | 0.32 | 0.31 | 0.30 | 0.30 | 0.29 |
| Equity / assets | 67.3% | 67.6% | 64.2% | 65.1% | 65.2% | 66.5% | 66.5% | 67.8% | 70.0% | 70.7% | 69.9% | 70.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 11, 2026); data from EODHD.
MRVL financial position
At the end of fiscal 2026 (January 31, 2026), Marvell had total assets of $22.3 billion (up 10.3% from a year earlier), total liabilities of $8.0 billion and shareholders' equity of $14.3 billion. It held $2.6 billion in cash and short-term investments against $4.8 billion of debt, net debt of $2.2 billion. Its current ratio was 2.01. In the latest quarter (ended July 31, 2026) total assets were $27.6 billion and equity $18.5 billion.
Related: MRVL income statement, MRVL cash flow statement, MRVL key metrics. See the MRVL stock overview for the latest quote and news.
MRVL balance sheet FAQ
What are Marvell's total assets?
Marvell reported total assets of $22.3 billion at the end of fiscal 2026 (January 31, 2026), compared with $20.2 billion a year earlier.
How much debt does Marvell have?
Marvell had $4.8 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.
How much cash does Marvell have?
Marvell held $2.6 billion in cash and short-term investments at the end of fiscal 2026; with $4.8 billion of debt that is net debt of $2.2 billion.
What is Marvell's book value?
Marvell's shareholders' equity (book value) was $14.3 billion at the end of fiscal 2026, or $16.45 per share.
What is Marvell's current ratio?
Marvell had current assets of $6.5 billion and current liabilities of $3.2 billion, a current ratio of 2.01 (it can cover its short-term obligations).
How much goodwill does Marvell have?
Marvell carried $13.1 billion of goodwill and intangible assets, 58.8% of total assets, at the end of fiscal 2026.