NICE Ltd. (NICE) Balance Sheet
NICE balance sheet, 2025
December 31, 2025 · U.S. dollars$5.11B assets = $1.23B liabilities + $3.88B equity
Both columns are drawn to the same scale: what NICE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NICE financial health
Descriptive bands, not a rating. Fiscal 2025.
NICE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.63B2016 | $5.11B2025 | +7.6%/yr | |
| Total liabilities | $1.12B2016 | $1.23B2025 | +1.0%/yr | |
| Shareholders’ equity | $1.51B2016 | $3.88B2025 | +11.0%/yr | |
| Cash & short-term investments | $187.3M2016 | $417.4M2025 | +9.3%/yr | |
| Total debt | $465.2M2016 | $163.9M2025 | −10.9%/yr | |
| Net cash (debt) | −$277.9M2016 | $253.5M2025 | +$531.4M | |
| Working capital | $36.4M2016 | $491.5M2025 | +$455.1M | |
| Book value per share | $24.762016 | $61.222025 | +10.6%/yr | |
| Current ratio | 1.082016 | 1.552025 | +0.48 | |
| Debt / equity | 0.312016 | 0.042025 | −0.27 | |
| Shares outstanding | 61.0M2016 | 63.3M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NICE assets
NICE liabilities and equity
NICE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NICE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $417.4M | $1.62B | $1.41B | $1.57B | $1.42B | $1.46B | $439.1M | $485.8M | $392.3M | $187.3M |
| Cash & equivalents | $379.4M | $481.7M | $511.8M | $529.6M | $378.7M | $442.3M | $228.3M | $242.1M | $328.3M | $157.0M |
| Short-term investments | $38.0M | $1.14B | $896.0M | $1.04B | $1.05B | $1.02B | $210.8M | $243.7M | $64.0M | $30.3M |
| Receivables | $737.9M | $648.2M | $585.2M | $519.4M | $400.6M | $308.9M | $326.6M | $288.0M | $230.7M | $287.8M |
| Inventory | $0 | −$4.2M | $0 | $122.3M | $427.1M | $168.3M | $3.4M | $3.4M | $9.0M | $4.7M |
| Other current assets | $223.8M | $239.1M | $319.9M | $203.9M | $45.5M | $1.2M | $106.6M | $84.0M | $61.1M | $29.4M |
| Total current assets | $1.38B | $2.50B | $2.31B | $2.42B | $2.30B | $1.94B | $875.7M | $861.2M | $693.1M | $509.2M |
| Property, plant & equipment (net) | $267.5M | $278.4M | $279.0M | $262.2M | $230.7M | $234.9M | $247.8M | $140.3M | $118.3M | $87.7M |
| Goodwill & intangible assets | $3.03B | $2.08B | $2.13B | $1.83B | $1.90B | $1.87B | $1.79B | $1.87B | $1.87B | $1.90B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $542.4M | $245.0M | $133.8M | $99.7M |
| Other non-current assets | $431.3M | $431.7M | $398.3M | $348.4M | $279.7M | $186.4M | $154.5M | $86.4M | $30.3M | $31.8M |
| Total assets | $5.11B | $5.30B | $5.12B | $4.85B | $4.71B | $4.23B | $3.61B | $3.21B | $2.85B | $2.63B |
| Liabilities | ||||||||||
| Accounts payable | $100.8M | $110.6M | $66.0M | $56.0M | $36.1M | $33.1M | $30.4M | $29.6M | $29.4M | $25.6M |
| Short-term debt | $13.7M | $471.3M | $223.0M | $222.8M | $415.5M | $282.3M | $273.1M | $358.3M | $309.2M | $21.2M |
| Deferred revenue | $303.9M | $299.4M | $302.6M | $338.9M | $330.5M | $311.9M | $245.8M | $221.4M | $184.6M | $149.8M |
| Total current liabilities | $887.6M | $1.47B | $1.12B | $1.14B | $1.27B | $1.04B | $941.0M | $624.9M | $523.4M | $472.8M |
| Long-term debt | $0 | $0 | $457.1M | $455.4M | $429.3M | $421.3M | $213.3M | $456.0M | $447.6M | $444.0M |
| Lease obligations | $88.8M | $104.8M | $116.7M | $112.8M | $100.7M | $114.7M | $125.0M | — | — | — |
| Other long-term liabilities | $341.9M | $218.3M | $185.7M | $202.4M | $173.6M | $178.6M | $198.4M | $109.9M | $124.5M | $203.7M |
| Total liabilities | $1.23B | $1.69B | $1.76B | $1.80B | $1.87B | $1.64B | $1.35B | $1.19B | $1.10B | $1.12B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $19.0M | $19.0M | $19.0M | $19.0M | $19.0M | $19.0M | $18.8M | $18.6M | $18.3M |
| Retained earnings (deficit) | $3.31B | $2.70B | $2.26B | $1.93B | $1.65B | $1.45B | $1.26B | $1.07B | $850.8M | $710.9M |
| Treasury stock | — | — | — | — | — | — | −$554.1M | −$527.4M | −$507.7M | −$488.6M |
| Accumulated other comprehensive income | — | −$71.1M | −$59.1M | −$111.3M | −$39.7M | −$16.7M | −$33.3M | −$46.6M | −$32.9M | −$46.8M |
| Minority interest | $0 | $13.4M | $13.4M | $13.3M | — | — | — | — | — | — |
| Total shareholders' equity | $3.88B | $3.59B | $3.34B | $3.04B | $2.83B | $2.56B | $2.26B | $2.02B | $1.75B | $1.51B |
| Key figures | ||||||||||
| Total debt | $163.9M | $563.6M | $783.0M | $777.5M | $925.9M | $795.9M | $589.9M | $814.3M | $756.8M | $465.2M |
| Net cash (debt) | $253.5M | $1.06B | $624.9M | $794.1M | $498.8M | $668.0M | −$150.8M | −$328.4M | −$364.6M | −$277.9M |
| Working capital | $491.5M | $1.03B | $1.19B | $1.28B | $1.03B | $897.9M | −$65.3M | $236.3M | $169.7M | $36.4M |
| Tangible book value | $848.4M | $1.51B | $1.21B | $1.22B | $923.0M | $694.7M | $467.8M | $142.2M | −$120.0M | −$392.1M |
| Book value per share | $61.22 | $54.80 | $50.42 | $45.77 | $42.23 | $38.87 | $34.91 | $31.85 | $28.16 | $24.76 |
| Shares outstanding | 63.3M | 65.5M | 66.3M | 66.5M | 66.9M | 66.0M | 64.7M | 63.3M | 62.1M | 61.0M |
| Current ratio | 1.55 | 1.70 | 2.06 | 2.12 | 1.81 | 1.86 | 0.93 | 1.38 | 1.32 | 1.08 |
| Quick ratio | 1.30 | 1.54 | 1.78 | 1.83 | 1.44 | 1.70 | 0.81 | 1.24 | 1.19 | 1.00 |
| Debt / equity | 0.04 | 0.16 | 0.23 | 0.26 | 0.33 | 0.31 | 0.26 | 0.40 | 0.43 | 0.31 |
| Equity / assets | 75.9% | 67.8% | 65.3% | 62.7% | 60.0% | 60.6% | 62.5% | 62.9% | 61.5% | 57.4% |
| 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 | $358.5M | $310.2M | $420.0M | $455.9M | $1.63B | $1.61B | $1.62B | $1.53B | $1.50B | $1.50B | $1.41B | $1.65B |
| Cash & equivalents | $319.2M | $263.7M | $382.0M | $418.1M | $535.0M | $469.5M | $481.7M | $666.7M | $739.6M | $793.1M | $511.8M | $713.1M |
| Short-term investments | $39.3M | $46.5M | $38.0M | $37.8M | $1.10B | $1.14B | $1.14B | $860.0M | $764.0M | $709.8M | $896.0M | $938.5M |
| Receivables | $836.6M | $767.3M | $737.9M | $714.9M | $681.0M | $643.2M | $648.2M | $629.9M | $580.1M | $575.0M | $585.2M | $538.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | −$4.2M | $0 | $0 | $0 | $0 | $93.5M |
| Other current assets | $273.4M | $224.2M | $221.2M | $212.2M | $223.4M | $210.2M | $239.1M | $213.6M | $216.9M | $206.2M | $319.9M | $205.6M |
| Total current assets | $1.47B | $1.30B | $1.38B | $1.38B | $2.54B | $2.46B | $2.50B | $2.37B | $2.30B | $2.28B | $2.31B | $2.49B |
| Property, plant & equipment (net) | $278.7M | $269.9M | $267.5M | $265.0M | $254.9M | $255.4M | $278.4M | $284.2M | $280.6M | $282.7M | $279.0M | $268.4M |
| Goodwill & intangible assets | $2.95B | $2.99B | $3.03B | $3.06B | $2.06B | $2.07B | $2.08B | $2.10B | $2.07B | $2.10B | $2.13B | $1.78B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $419.6M | $422.0M | $431.3M | $441.1M | $460.9M | $446.0M | $431.7M | $435.2M | $404.5M | $384.8M | $398.3M | $361.1M |
| Total assets | $5.12B | $4.98B | $5.11B | $5.15B | $5.31B | $5.23B | $5.30B | $5.19B | $5.05B | $5.05B | $5.12B | $4.90B |
| Liabilities | ||||||||||||
| Accounts payable | $104.1M | $101.9M | $100.8M | $92.1M | $81.6M | $59.4M | $110.6M | $71.3M | $73.1M | $55.2M | $66.0M | $57.0M |
| Short-term debt | $14.0M | $13.6M | $13.7M | $12.8M | $472.2M | $471.4M | $471.3M | $471.4M | $13.1M | $13.3M | $223.0M | $193.7M |
| Deferred revenue | $351.8M | $356.1M | $303.9M | $345.3M | $355.9M | $375.3M | $299.4M | $334.0M | $342.4M | $340.4M | $302.6M | $305.0M |
| Total current liabilities | $1.10B | $1.06B | $887.6M | $980.2M | $1.38B | $1.54B | $1.47B | $1.42B | $938.4M | $941.4M | $1.12B | $1.02B |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $457.9M | $457.5M | $457.1M | $456.7M |
| Lease obligations | $88.2M | $86.1M | $88.8M | $86.9M | $79.4M | $79.5M | $104.8M | $108.3M | $109.9M | $113.1M | $116.7M | $104.8M |
| Other long-term liabilities | $238.5M | $243.4M | $341.9M | $310.5M | $195.4M | $188.5M | $218.3M | $183.6M | $188.7M | $189.4M | $185.7M | $191.1M |
| Total liabilities | $1.34B | $1.31B | $1.23B | $1.29B | $1.58B | $1.73B | $1.69B | $1.61B | $1.58B | $1.59B | $1.76B | $1.66B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | $3.86B | — | — | $19.0M | $3.57B | $3.46B | $3.45B | $19.0M | $3.22B |
| Retained earnings (deficit) | — | — | $3.31B | — | — | — | $2.70B | — | — | — | $2.26B | $2.26B |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$71.1M | — | — | — | −$59.1M | −$59.1M |
| Minority interest | — | — | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.78B | $3.68B | $3.88B | $3.86B | $3.73B | $3.50B | $3.59B | $3.57B | $3.46B | $3.45B | $3.34B | $3.22B |
| Key figures | ||||||||||||
| Total debt | $88.2M | $86.1M | $163.9M | $86.9M | $539.0M | $538.7M | $563.6M | $566.6M | $567.8M | $570.6M | $783.0M | $742.6M |
| Net cash (debt) | $270.3M | $224.2M | $256.2M | $369.0M | $1.09B | $1.07B | $1.06B | $960.1M | $935.8M | $932.2M | $624.9M | $909.0M |
| Working capital | $363.5M | $238.9M | $491.5M | $402.7M | $1.15B | $920.6M | $1.03B | $945.3M | $1.36B | $1.34B | $1.19B | $1.47B |
| Tangible book value | $823.3M | $687.4M | $848.4M | $798.3M | $1.67B | $1.43B | $1.51B | $1.47B | $1.39B | $1.35B | $1.21B | $1.44B |
| Book value per share | $63.61 | $60.66 | $61.95 | $61.13 | $59.03 | $54.37 | $55.40 | $55.03 | $52.47 | $51.81 | $50.82 | $48.61 |
| Shares outstanding | 59.4M | 60.6M | 62.6M | 63.2M | 63.2M | 64.4M | 64.8M | 64.8M | 65.9M | 66.5M | 65.7M | 66.2M |
| Current ratio | 1.33 | 1.22 | 1.55 | 1.41 | 1.83 | 1.60 | 1.70 | 1.66 | 2.45 | 2.43 | 2.06 | 2.45 |
| Quick ratio | 1.08 | 1.01 | 1.30 | 1.19 | 1.67 | 1.46 | 1.54 | 1.51 | 2.22 | 2.21 | 1.78 | 2.15 |
| Debt / equity | 0.02 | 0.02 | 0.04 | 0.02 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 | 0.17 | 0.23 | 0.23 |
| Equity / assets | 73.8% | 73.8% | 75.9% | 74.9% | 70.3% | 66.9% | 67.8% | 68.8% | 68.4% | 68.3% | 65.3% | 65.7% |
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.
NICE financial position
At the end of fiscal 2025 (December 31, 2025), NICE had total assets of $5.1 billion (down 3.6% from a year earlier), total liabilities of $1.2 billion and shareholders' equity of $3.9 billion. It held $417.4 million in cash and short-term investments against $163.9 million of debt, a net cash position of $253.5 million. Its current ratio was 1.55. In the latest quarter (ended June 30, 2026) total assets were $5.1 billion and equity $3.8 billion.
Related: NICE income statement, NICE cash flow statement, NICE key metrics. See the NICE stock overview for the latest quote and news.
NICE balance sheet FAQ
What are NICE's total assets?
NICE reported total assets of $5.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does NICE have?
NICE had $163.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.
How much cash does NICE have?
NICE held $417.4 million in cash and short-term investments at the end of fiscal 2025; with $163.9 million of debt that is net cash of $253.5 million.
What is NICE's book value?
NICE's shareholders' equity (book value) was $3.9 billion at the end of fiscal 2025, or $61.22 per share.
What is NICE's current ratio?
NICE had current assets of $1.4 billion and current liabilities of $887.6 million, a current ratio of 1.55 (it can cover its short-term obligations).
How much goodwill does NICE have?
NICE carried $3.0 billion of goodwill and intangible assets, 59.3% of total assets, at the end of fiscal 2025.