Match Group, Inc. (MTCH) Balance Sheet
MTCH balance sheet, 2025
December 31, 2025 · U.S. dollars$4.46B assets = $4.71B liabilities + −$253.4M equity
Liabilities exceed assets: shareholders’ equity is negative (−$253.4M).
Both columns are drawn to the same scale: what MTCH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MTCH financial health
Descriptive bands, not a rating. Fiscal 2025.
MTCH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.65B2016 | $4.46B2025 | −0.5%/yr | |
| Total liabilities | $2.60B2016 | $4.71B2025 | +6.8%/yr | |
| Shareholders’ equity | $1.87B2016 | −$253.5M2025 | — | |
| Cash & short-term investments | $1.42B2016 | $1.03B2025 | −3.5%/yr | |
| Total debt | $1.60B2016 | $3.97B2025 | +10.6%/yr | |
| Net cash (debt) | −$184.0M2016 | −$2.94B2025 | −$2.8B | |
| Working capital | $1.13B2016 | $420.7M2025 | −$708.6M | |
| Book value per share | $10.822016 | −$0.972025 | — | |
| Current ratio | 2.582016 | 1.422025 | −1.17 | |
| Debt / equity | 0.862016 | 0.992019 | +0.13 | |
| Shares outstanding | 172.8M2016 | 262.5M2025 | +4.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MTCH assets
MTCH liabilities and equity
MTCH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MTCH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.03B | $970.7M | $868.6M | $581.1M | $827.2M | $739.2M | $465.7M | $2.26B | $1.64B | $1.42B |
| Cash & equivalents | $1.03B | $966.0M | $862.4M | $572.4M | $815.4M | $739.2M | $465.7M | $2.13B | $1.63B | $1.33B |
| Short-term investments | $3.5M | $4.7M | $6.2M | $8.7M | $11.8M | $348.0M | $20.0M | $123.7M | $5.0M | $89.3M |
| Receivables | $303.5M | $325.0M | $298.6M | $191.9M | $188.5M | $137.0M | $116.5M | $359.1M | $337.3M | $261.5M |
| Inventory | $0 | $0 | $46.4M | $0 | $1 | $105.3M | $0 | $55.6M | $1 | $0 |
| Other current assets | $92.5M | $102.1M | $57.6M | $109.3M | $202.6M | $38.7M | $3.13B | $92.7M | $152.1M | $162.7M |
| Total current assets | $1.43B | $1.40B | $1.27B | $882.4M | $1.22B | $1.02B | $3.71B | $2.76B | $2.13B | $1.84B |
| Property, plant & equipment (net) | $131.2M | $158.2M | $194.5M | $176.1M | $163.3M | $107.8M | $101.1M | $318.8M | $315.2M | $306.2M |
| Goodwill & intangible assets | $2.53B | $2.53B | $2.65B | $2.71B | $3.18B | $1.50B | $1.47B | $3.36B | $3.22B | $2.28B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $353.1M | $235.1M | $65.0M | $122.8M |
| Other non-current assets | $370.1M | $383.6M | $393.7M | $418.1M | $498.1M | $417.0M | $2.73B | $199.7M | $139.7M | $94.6M |
| Total assets | $4.46B | $4.47B | $4.51B | $4.18B | $5.06B | $3.05B | $8.36B | $6.87B | $5.87B | $4.65B |
| Liabilities | ||||||||||
| Accounts payable | $9.6M | $18.3M | $13.2M | $13.7M | $37.9M | $29.2M | $20.2M | $74.9M | $76.6M | $62.9M |
| Short-term debt | $423.6M | $19.2M | $20.7M | $14.5M | $99.9M | $7.1M | $13.8M | $13.8M | $13.8M | $20.0M |
| Deferred revenue | $151.3M | $166.1M | $211.3M | $252.7M | $262.1M | $239.1M | $218.8M | $360.0M | $342.5M | $285.6M |
| Total current liabilities | $1.01B | $549.5M | $531.8M | $556.4M | $1.17B | $500.0M | $1.01B | $883.6M | $799.7M | $713.4M |
| Long-term debt | $3.55B | $3.85B | $3.84B | $3.84B | $3.83B | $3.53B | $1.60B | $1.52B | $1.25B | $1.18B |
| Lease obligations | — | — | — | — | — | — | $14.0M | — | — | — |
| Other long-term liabilities | $158.6M | $131.0M | $152.9M | $149.6M | $260.2M | $424.4M | $1.81B | $857.6M | $825.7M | $712.5M |
| Total liabilities | $4.71B | $4.53B | $4.53B | $4.54B | $5.26B | $4.46B | $4.42B | $3.26B | $2.88B | $2.60B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $300,000 | $294,000 | $290,000 | $287,000 | $283,000 | $267,000 | $279,000 | $278,000 | $405.0M | $490.9M |
| Retained earnings (deficit) | −$5.97B | −$6.58B | −$7.13B | −$7.78B | −$8.14B | −$8.42B | $1.69B | $1.26B | $595.0M | $290.1M |
| Treasury stock | — | — | — | −$482.0M | — | — | −$349.8M | −$133.5M | −$10.23B | −$10.18B |
| Accumulated other comprehensive income | −$422.6M | −$449.6M | −$385.5M | −$369.2M | −$223.8M | −$81.5M | −$136.3M | −$128.7M | −$103.6M | −$166.1M |
| Minority interest | $108,000 | $2,000 | $475,000 | $994,000 | $7.9M | $1.0M | — | — | $0 | $0 |
| Total shareholders' equity | −$253.5M | −$63.7M | −$19.5M | −$358.9M | −$203.8M | −$1.41B | $2.93B | $2.84B | $2.43B | $1.87B |
| Key figures | ||||||||||
| Total debt | $3.97B | $3.85B | $3.84B | $3.85B | $3.93B | $3.84B | $2.90B | $2.26B | $1.99B | $1.60B |
| Net cash (debt) | −$2.94B | −$2.88B | −$2.97B | −$3.27B | −$3.10B | −$3.10B | −$2.44B | −$4.0M | −$357.4M | −$184.0M |
| Working capital | $420.7M | $848.3M | $739.5M | $326.0M | $50.0M | $520.2M | $2.70B | $1.88B | $1.33B | $1.13B |
| Tangible book value | −$2.79B | −$2.59B | −$2.67B | −$3.06B | −$3.39B | −$2.92B | $1.46B | −$515.2M | −$792.8M | −$410.3M |
| Book value per share | −$0.97 | −$0.23 | −$0.07 | −$1.22 | −$0.67 | −$5.52 | $14.16 | $13.85 | $13.20 | $10.82 |
| Shares outstanding | 262.5M | 279.1M | 293.3M | 295.2M | 304.8M | 256.0M | 206.8M | 205.3M | 184.1M | 172.8M |
| Current ratio | 1.42 | 2.54 | 2.39 | 1.59 | 1.04 | 2.04 | 3.67 | 3.13 | 2.66 | 2.58 |
| Quick ratio | 1.33 | 2.36 | 2.20 | 1.39 | 0.87 | 1.75 | 0.58 | 2.96 | 2.47 | 2.35 |
| Debt / equity | — | — | — | — | — | — | 0.99 | 0.79 | 0.82 | 0.86 |
| Equity / assets | −5.7% | −1.4% | −0.4% | −8.6% | −4.0% | −46.4% | 35.0% | 41.4% | 41.4% | 40.2% |
| 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 | $583.8M | $1.02B | $1.03B | $1.06B | $340.4M | $414.2M | $970.7M | $860.9M | $843.6M | $920.9M | $868.6M | $712.8M |
| Cash & equivalents | $580.6M | $1.02B | $1.03B | $1.05B | $335.2M | $409.4M | $966.0M | $855.5M | $837.8M | $914.9M | $862.4M | $706.9M |
| Short-term investments | $3.2M | $3.3M | $3.5M | $3.6M | $5.2M | $4.7M | $4.7M | $5.3M | $5.8M | $5.9M | $6.2M | $5.9M |
| Receivables | $279.3M | $293.2M | $303.5M | $344.4M | $342.3M | $323.3M | $325.0M | $340.1M | $324.3M | $225.1M | $298.6M | $288.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $1 | $0 |
| Other current assets | $89.1M | $105.6M | $92.5M | $126.5M | $87.2M | $94.3M | $102.1M | $121.8M | $118.0M | $103.9M | $104.0M | $117.4M |
| Total current assets | $952.2M | $1.42B | $1.43B | $1.53B | $769.9M | $831.8M | $1.40B | $1.32B | $1.29B | $1.25B | $1.27B | $1.12B |
| Property, plant & equipment (net) | $146.3M | $138.9M | $131.2M | $128.6M | $153.8M | $152.9M | $158.2M | $172.1M | $181.1M | $187.7M | $194.5M | $190.7M |
| Goodwill & intangible assets | $2.49B | $2.49B | $2.53B | $2.54B | $2.56B | $2.52B | $2.53B | $2.56B | $2.53B | $2.57B | $2.65B | $2.58B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $447.3M | $357.5M | $370.1M | $345.4M | $388.5M | $385.3M | $383.6M | $370.1M | $370.8M | $392.0M | $393.7M | $361.4M |
| Total assets | $4.03B | $4.41B | $4.46B | $4.54B | $3.87B | $3.89B | $4.47B | $4.43B | $4.37B | $4.40B | $4.51B | $4.25B |
| Liabilities | ||||||||||||
| Accounts payable | $26.6M | $9.3M | $9.6M | $26.3M | $18.5M | $8.7M | $18.3M | $27.4M | $17.2M | $21.2M | $13.2M | $11.3M |
| Short-term debt | — | $423.7M | $423.6M | $497.6M | $573.4M | — | — | $30.7M | $26.7M | $24.7M | $16.4M | $11.4M |
| Deferred revenue | $152.7M | $150.3M | $151.3M | $159.8M | $161.9M | $158.5M | $166.1M | $181.4M | $187.1M | $198.5M | $211.3M | $227.0M |
| Total current liabilities | $552.4M | $906.6M | $1.01B | $1.08B | $1.11B | $512.4M | $549.5M | $530.3M | $512.3M | $518.9M | $531.8M | $570.1M |
| Long-term debt | $3.55B | $3.55B | $3.55B | $3.55B | $2.86B | $3.43B | $3.85B | $3.85B | $3.85B | $3.84B | $3.84B | $3.84B |
| Other long-term liabilities | $166.7M | $123.1M | $158.7M | $135.8M | $138.1M | $133.1M | $131.0M | $136.8M | $141.1M | $148.3M | $152.9M | $137.2M |
| Total liabilities | $4.27B | $4.63B | $4.71B | $4.77B | $4.10B | $4.07B | $4.53B | $4.51B | $4.50B | $4.51B | $4.53B | $4.55B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $305,000 | $303,000 | $300,000 | $299,000 | $298,000 | $298,000 | $294,000 | $294,000 | $293,000 | $292,000 | $290,000 | $289,000 |
| Retained earnings (deficit) | −$5.63B | −$5.80B | −$5.97B | −$6.18B | −$6.34B | −$6.46B | −$6.58B | −$6.74B | −$6.87B | −$7.01B | −$7.13B | −$7.36B |
| Accumulated other comprehensive income | −$441.3M | −$434.1M | −$422.6M | −$412.2M | −$401.0M | −$437.5M | −$449.6M | −$407.5M | −$489.0M | −$454.9M | −$385.5M | −$463.5M |
| Minority interest | $0 | $0 | $108,000 | $109,000 | $105,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | −$237.1M | −$218.1M | −$253.5M | −$223.9M | −$230.9M | −$182.7M | −$63.7M | −$88.5M | −$130.2M | −$107.8M | −$19.5M | −$299.4M |
| Key figures | ||||||||||||
| Total debt | $3.55B | $3.97B | $3.97B | $4.05B | $3.43B | $3.43B | $3.85B | $3.85B | $3.85B | $3.84B | $3.84B | $3.84B |
| Net cash (debt) | −$2.97B | −$2.95B | −$2.94B | −$2.99B | −$3.09B | −$3.01B | −$2.88B | −$2.99B | −$3.00B | −$2.92B | −$2.97B | −$3.13B |
| Working capital | $399.9M | $515.6M | $420.7M | $443.9M | −$335.3M | $319.4M | $848.3M | $792.4M | $773.6M | $731.0M | $739.5M | $548.1M |
| Tangible book value | −$2.73B | −$2.71B | −$2.79B | −$2.77B | −$2.79B | −$2.70B | −$2.59B | −$2.65B | −$2.66B | −$2.68B | −$2.67B | −$2.88B |
| Book value per share | −$0.96 | −$0.83 | −$1.00 | −$0.86 | −$0.88 | −$0.67 | −$0.23 | −$0.32 | −$0.49 | −$0.38 | −$0.07 | −$1.02 |
| Shares outstanding | 247.8M | 262.5M | 254.1M | 260.3M | 263.8M | 271.9M | 272.5M | 275.7M | 264.4M | 286.2M | 288.2M | 293.4M |
| Current ratio | 1.72 | 1.57 | 1.42 | 1.41 | 0.70 | 1.62 | 2.54 | 2.49 | 2.51 | 2.41 | 2.39 | 1.96 |
| Quick ratio | 1.56 | 1.45 | 1.33 | 1.29 | 0.62 | 1.44 | 2.36 | 2.26 | 2.28 | 2.21 | 2.20 | 1.76 |
| Equity / assets | −5.9% | −4.9% | −5.7% | −4.9% | −6.0% | −4.7% | −1.4% | −2.0% | −3.0% | −2.4% | −0.4% | −7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
MTCH financial position
At the end of fiscal 2025 (December 31, 2025), Match had total assets of $4.5 billion (down 0.1% from a year earlier), total liabilities of $4.7 billion and shareholders' equity of -$253.5 million. It held $1.0 billion in cash and short-term investments against $4.0 billion of debt, net debt of $2.9 billion. Its current ratio was 1.42. In the latest quarter (ended June 30, 2026) total assets were $4.0 billion and equity -$237.1 million.
Related: MTCH income statement, MTCH cash flow statement, MTCH key metrics. See the MTCH stock overview for the latest quote and news.
MTCH balance sheet FAQ
What are Match's total assets?
Match reported total assets of $4.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.5 billion a year earlier.
How much debt does Match have?
Match had $4.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Match have?
Match held $1.0 billion in cash and short-term investments at the end of fiscal 2025; with $4.0 billion of debt that is net debt of $2.9 billion.
What is Match's book value?
Match's shareholders' equity (book value) was -$253.5 million at the end of fiscal 2025, or −$0.97 per share.
What is Match's current ratio?
Match had current assets of $1.4 billion and current liabilities of $1.0 billion, a current ratio of 1.42 (it can cover its short-term obligations).
How much goodwill does Match have?
Match carried $2.5 billion of goodwill and intangible assets, 56.8% of total assets, at the end of fiscal 2025.