ServiceNow, Inc. (NOW) Balance Sheet

NYSE: NOWAssets, liabilities, debt and equity over 10 years.

NOW balance sheet, 2025

December 31, 2025 · U.S. dollars

$26.04B assets = $13.07B liabilities + $12.96B equity

Both columns are drawn to the same scale: what NOW owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NOW financial health

Current ratio0.95

Tight · current assets cover current liabilities 0.95×

Debt / equity0.19

Low leverage · $0.19 of debt for each $1 of equity

Equity / assets49.8%

Equity-funded · of assets funded by shareholders

Cash / debt261.5%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles18.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NOW balance sheet trends, 2016–2025

ServiceNow, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.03B2016	$26.04B2025	+32.7%/yr
Total liabilities	$1.65B2016	$13.07B2025	+25.9%/yr
Shareholders’ equity	$387.0M2016	$12.96B2025	+47.7%/yr
Cash & short-term investments	$899.4M2016	$6.28B2025	+24.1%/yr
Total debt	$654.2M2016	$2.40B2025	+15.6%/yr
Net cash (debt)	$245.2M2016	$3.88B2025	+$3.6B
Working capital	$267.9M2016	−$562.0M2025	−$829.9M
Book value per share	$0.472016	$12.382025	+43.8%/yr
Current ratio	1.252016	0.952025	−0.30
Debt / equity	1.692016	0.192025	−1.51
Shares outstanding	822.7M2016	1.05B2025	+2.7%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NOW assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NOW liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NOW debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NOW balance sheet

ServiceNow, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$6.28B	$5.76B	$4.88B	$4.28B	$3.30B	$3.09B	$1.69B	$1.50B	$1.78B	$899.4M
Cash & equivalents	$3.73B	$2.30B	$1.90B	$1.47B	$1.73B	$1.68B	$775.8M	$566.2M	$726.5M	$401.2M
Short-term investments	$2.56B	$3.46B	$2.98B	$2.81B	$1.58B	$1.42B	$915.3M	$931.7M	$1.05B	$498.1M
Receivables	$2.63B	$2.24B	$2.04B	$1.73B	$1.39B	$1.01B	$835.3M	$574.8M	$437.1M	$322.8M
Inventory	$0	$0	−$345.0M	$369.0M	$303.0M	$228.9M	$175.0M	$139.9M	$118.7M	$76.8M
Other current assets	$970.0M	$1.19B	$1.21B	$280.0M	$223.0M	$192.1M	$125.5M	$132.1M	$86.9M	$43.6M
Total current assets	$9.88B	$9.19B	$7.78B	$6.65B	$5.22B	$4.52B	$2.83B	$2.34B	$2.42B	$1.34B
Property, plant & equipment (net)	$3.10B	$2.46B	$2.07B	$1.74B	$1.36B	$1.11B	$870.5M	$347.2M	$245.1M	$181.6M
Goodwill & intangible assets	$4.70B	$1.48B	$1.46B	$1.06B	$1.06B	$394.0M	$300.6M	$249.4M	$215.6M	$148.4M
Long-term investments	$5.31B	$4.11B	$3.20B	$2.12B	$1.63B	$1.47B	$1.01B	$581.9M	$391.4M	$262.7M
Other non-current assets	$3.05B	$3.15B	$2.88B	$1.74B	$1.53B	$1.22B	$1.01B	$355.9M	$276.1M	$98.6M
Total assets	$26.04B	$20.38B	$17.39B	$13.30B	$10.80B	$8.71B	$6.02B	$3.88B	$3.55B	$2.03B
Liabilities
Accounts payable	$204.0M	$68.0M	$126.0M	$274.0M	$89.0M	$34.0M	$53.0M	$30.7M	$32.1M	$38.1M
Short-term debt	$112.0M	$102.0M	$89.0M	$96.0M	$174.0M	$72.0M	$52.7M	$254.0M	$543.4M	$146.4M
Deferred revenue	$8.31B	$6.82B	$5.79B	$4.66B	$3.84B	$2.96B	$2.19B	$1.65B	$1.21B	$864.9M
Total current liabilities	$10.44B	$8.36B	$7.37B	$6.00B	$4.95B	$3.74B	$2.75B	$2.01B	$2.04B	$1.07B
Long-term debt	$2.29B	$2.18B	$2.19B	$2.14B	$1.48B	$1.64B	$695.0M	$661.7M	$630.0M	$507.8M
Lease obligations	$912.0M	$789.0M	$796.0M	$746.0M	$638.0M	$495.0M	$435.9M	—	—	—
Other long-term liabilities	$340.0M	$240.0M	$199.0M	$126.0M	$670.0M	$503.3M	$446.7M	$93.7M	$83.1M	$64.3M
Total liabilities	$13.07B	$10.77B	$9.76B	$8.27B	$7.10B	$5.88B	$3.89B	$2.77B	$2.77B	$1.65B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$208,200	$205,600	$202,800	$3.69B	$196,000	$189,000	$180,000	$174,000	$167,000
Retained earnings (deficit)	$5.24B	$3.49B	$2.07B	$338.0M	−$4.0M	−$234.0M	−$352.2M	−$978.8M	−$958.6M	−$997.4M
Accumulated other comprehensive income	$19.0M	−$68.0M	−$37.0M	−$102.0M	$34.0M	$94.0M	$25.3M	−$4.0M	$5.8M	−$21.1M
Total shareholders' equity	$12.96B	$9.61B	$7.63B	$5.03B	$3.69B	$2.83B	$2.13B	$1.11B	$778.7M	$387.0M
Key figures
Total debt	$2.40B	$2.28B	$2.28B	$2.23B	$2.21B	$2.13B	$1.13B	$915.7M	$1.17B	$654.2M
Net cash (debt)	$3.88B	$3.48B	$2.59B	$2.05B	$1.09B	$957.0M	$560.2M	$582.2M	$605.9M	$245.2M
Working capital	−$562.0M	$829.0M	$412.0M	$649.0M	$271.0M	$785.0M	$74.1M	$332.1M	$382.5M	$267.9M
Tangible book value	$8.27B	$8.13B	$6.17B	$3.98B	$2.63B	$2.44B	$1.83B	$861.8M	$563.1M	$238.6M
Book value per share	$12.38	$9.22	$7.42	$4.94	$3.64	$2.80	$2.16	$1.25	$0.91	$0.47
Shares outstanding	1.05B	1.04B	1.03B	1.02B	1.02B	1.01B	986.1M	889.2M	855.9M	822.7M
Current ratio	0.95	1.10	1.06	1.11	1.05	1.21	1.03	1.17	1.19	1.25
Quick ratio	0.85	0.96	0.94	1.00	0.95	1.10	0.92	1.03	1.09	1.14
Debt / equity	0.19	0.24	0.30	0.44	0.60	0.75	0.53	0.82	1.51	1.69
Equity / assets	49.8%	47.1%	43.9%	37.8%	34.2%	32.5%	35.3%	28.6%	21.9%	19.0%

ServiceNow, Inc. quarterly balance sheet
	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	$4.66B	$5.18B	$6.28B	$5.41B	$6.13B	$6.60B	$5.76B	$5.29B	$5.41B	$5.11B	$4.88B	$4.07B
Cash & equivalents	$2.50B	$2.70B	$3.73B	$2.73B	$3.12B	$3.37B	$2.30B	$1.89B	$2.16B	$2.06B	$1.90B	$1.11B
Short-term investments	$2.16B	$2.48B	$2.56B	$2.69B	$3.01B	$3.23B	$3.46B	$3.41B	$3.25B	$3.05B	$2.98B	$2.96B
Receivables	$2.20B	$1.71B	$2.63B	$1.55B	$1.70B	$1.36B	$2.24B	$1.31B	$1.52B	$1.31B	$2.04B	$1.17B
Inventory	−$32.0M	−$28.0M	$0	$0	$0	$0	$0	$0	$0	$0	$461.0M	$417.0M
Other current assets	$1.68B	$1.57B	$1.56B	$1.41B	$1.45B	$1.31B	$1.19B	$1.09B	$1.09B	$956.0M	$403.0M	$394.0M
Total current assets	$8.51B	$8.44B	$10.47B	$8.36B	$9.28B	$9.27B	$9.19B	$7.70B	$8.02B	$7.37B	$7.78B	$6.05B
Property, plant & equipment (net)	$3.01B	$3.08B	$3.10B	$2.93B	$2.80B	$2.69B	$2.46B	$2.38B	$2.28B	$2.15B	$2.07B	$1.90B
Goodwill & intangible assets	$13.62B	$6.02B	$4.70B	$2.21B	$2.10B	$1.53B	$1.48B	$1.50B	$1.46B	$1.45B	$1.46B	$1.45B
Long-term investments	$4.12B	$4.47B	$5.31B	$5.77B	$4.66B	$4.33B	$4.11B	$3.83B	$3.47B	$3.67B	$3.20B	$2.94B
Other non-current assets	$2.40B	$2.38B	$2.46B	$2.51B	$3.22B	$3.14B	$3.15B	$3.02B	$2.97B	$2.91B	$2.88B	$2.76B
Total assets	$31.67B	$24.38B	$26.04B	$21.79B	$22.05B	$20.97B	$20.38B	$18.43B	$18.21B	$17.54B	$17.39B	$15.09B
Liabilities
Accounts payable	$162.0M	$427.0M	$204.0M	$146.0M	$211.0M	$309.0M	$68.0M	$165.0M	$296.0M	$223.0M	$126.0M	$69.0M
Short-term debt	$2.20B	$118.0M	$112.0M	$107.0M	$104.0M	$103.0M	$102.0M	$106.0M	$98.0M	$92.0M	$89.0M	$91.0M
Deferred revenue	$8.06B	$8.03B	$8.31B	$6.35B	$6.80B	$6.74B	$6.82B	$5.46B	$5.62B	$5.70B	$5.79B	$4.44B
Total current liabilities	$12.15B	$9.98B	$10.44B	$7.87B	$8.49B	$8.26B	$8.36B	$6.79B	$7.17B	$7.03B	$7.37B	$5.60B
Long-term debt	$5.43B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B	$1.49B
Lease obligations	$936.0M	$940.0M	$912.0M	$911.0M	$919.0M	$909.0M	$789.0M	$756.0M	$767.0M	$785.0M	$796.0M	$773.0M
Other long-term liabilities	$1.56B	$1.18B	$1.14B	$1.13B	$1.13B	$1.08B	$927.0M	$869.0M	$881.0M	$916.0M	$906.0M	$821.0M
Total liabilities	$19.15B	$12.65B	$13.07B	$10.49B	$11.12B	$10.83B	$10.77B	$9.14B	$9.54B	$9.44B	$9.76B	$7.91B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$0	$209,800	$208,900	$1.0M	$207,930	—	$8.11B	—	$204,600
Retained earnings (deficit)	$6.01B	$5.71B	$5.24B	$4.84B	$4.34B	$3.95B	$3.49B	$3.11B	$2.68B	$2.42B	$2.07B	$1.77B
Accumulated other comprehensive income	−$44.0M	$7.0M	$19.0M	−$17.0M	−$49.0M	−$70.0M	−$68.0M	−$20.0M	−$78.0M	−$68.0M	−$37.0M	−$157.0M
Total shareholders' equity	$12.52B	$11.73B	$12.96B	$11.30B	$10.93B	$10.14B	$9.61B	$9.29B	$8.67B	$8.11B	$7.63B	$7.18B
Key figures
Total debt	$8.45B	$2.43B	$2.40B	$2.40B	$2.41B	$2.40B	$2.28B	$2.25B	$2.25B	$2.27B	$2.28B	$2.26B
Net cash (debt)	−$3.79B	$2.75B	$3.88B	$3.01B	$3.72B	$4.20B	$3.48B	$3.05B	$3.16B	$2.84B	$2.59B	$1.81B
Working capital	−$3.64B	−$1.55B	$28.0M	$497.0M	$780.0M	$1.01B	$829.0M	$910.0M	$849.0M	$339.0M	$412.0M	$445.0M
Tangible book value	−$1.10B	$5.71B	$8.27B	$9.09B	$8.84B	$8.60B	$8.13B	$7.79B	$7.21B	$6.66B	$6.17B	$5.74B
Book value per share	$12.07	$11.28	$12.38	$10.76	$10.45	$9.69	$9.20	$8.91	$8.34	$7.81	$7.37	$6.96
Shares outstanding	1.04B	1.04B	1.05B	1.05B	1.05B	1.05B	1.04B	1.04B	1.04B	1.04B	1.03B	1.03B
Current ratio	0.70	0.84	1.00	1.06	1.09	1.12	1.10	1.13	1.12	1.05	1.06	1.08
Quick ratio	0.56	0.69	0.85	0.88	0.92	0.96	0.96	0.97	0.97	0.91	0.94	0.93
Debt / equity	0.68	0.21	0.19	0.21	0.22	0.24	0.24	0.24	0.26	0.28	0.30	0.31
Equity / assets	39.5%	48.1%	49.8%	51.9%	49.6%	48.3%	47.1%	50.4%	47.6%	46.2%	43.9%	47.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 29, 2026); data from EODHD.

NOW financial position

At the end of fiscal 2025 (December 31, 2025), ServiceNow had total assets of $26.0 billion (up 27.7% from a year earlier), total liabilities of $13.1 billion and shareholders' equity of $13.0 billion. It held $6.3 billion in cash and short-term investments against $2.4 billion of debt, a net cash position of $3.9 billion. Its current ratio was 0.95. In the latest quarter (ended June 30, 2026) total assets were $31.7 billion and equity $12.5 billion.

Related: NOW income statement, NOW cash flow statement, NOW key metrics. See the NOW stock overview for the latest quote and news.

NOW balance sheet FAQ

What are ServiceNow's total assets?

ServiceNow reported total assets of $26.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $20.4 billion a year earlier.

How much debt does ServiceNow have?

ServiceNow had $2.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.19.

How much cash does ServiceNow have?

ServiceNow held $6.3 billion in cash and short-term investments at the end of fiscal 2025; with $2.4 billion of debt that is net cash of $3.9 billion.

What is ServiceNow's book value?

ServiceNow's shareholders' equity (book value) was $13.0 billion at the end of fiscal 2025, or $12.38 per share.

What is ServiceNow's current ratio?

ServiceNow had current assets of $9.9 billion and current liabilities of $10.4 billion, a current ratio of 0.95 (current liabilities exceed current assets).

How much goodwill does ServiceNow have?

ServiceNow carried $4.7 billion of goodwill and intangible assets, 18.0% of total assets, at the end of fiscal 2025.