Qiagen N.V. (QGEN) Balance Sheet
QGEN balance sheet, 2025
December 31, 2025 · U.S. dollars$6.30B assets = $2.52B liabilities + $3.78B equity
Both columns are drawn to the same scale: what QGEN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QGEN financial health
Current ratio3.90
Comfortable · current assets cover current liabilities 3.90×
Debt / equity0.44
Low leverage · $0.44 of debt for each $1 of equity
Equity / assets60.0%
Equity-funded · of assets funded by shareholders
Cash / debt66.4%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles49.0%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
QGEN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.31B2016 | $6.30B2025 | +4.3%/yr | |
| Total liabilities | $1.70B2016 | $2.52B2025 | +4.5%/yr | |
| Shareholders’ equity | $2.61B2016 | $3.78B2025 | +4.2%/yr | |
| Cash & short-term investments | $532.2M2016 | $1.10B2025 | +8.4%/yr | |
| Total debt | $1.07B2016 | $1.65B2025 | +5.0%/yr | |
| Net cash (debt) | −$535.9M2016 | −$555.5M2025 | −$19.6M | |
| Working capital | $729.1M2016 | $1.48B2025 | +$753.8M | |
| Book value per share | $11.332016 | $18.172025 | +5.4%/yr | |
| Current ratio | 3.362016 | 3.902025 | +0.53 | |
| Debt / equity | 0.412016 | 0.442025 | +0.03 | |
| Shares outstanding | 230.1M2016 | 207.9M2025 | −1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QGEN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
QGEN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
QGEN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QGEN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.10B | $1.15B | $1.06B | $1.42B | $1.07B | $715.2M | $753.2M | $1.42B | $1.02B | $532.2M |
| Cash & equivalents | $839.0M | $663.6M | $668.1M | $730.7M | $880.5M | $598.0M | $623.6M | $1.18B | $657.7M | $439.2M |
| Short-term investments | $259.9M | $489.4M | $389.7M | $687.6M | $184.8M | $117.2M | $129.6M | $234.6M | $359.2M | $93.0M |
| Receivables | $402.6M | $459.0M | $515.6M | $434.1M | $469.7M | $486.6M | $484.6M | $397.7M | $368.6M | $302.0M |
| Inventory | $301.9M | $279.3M | $398.4M | $358.0M | $327.5M | $291.2M | $170.7M | $162.9M | $155.9M | $136.6M |
| Other current assets | $191.7M | $68.6M | $175.8M | $183.7M | $247.1M | $131.4M | $161.7M | $175.4M | $106.5M | $66.8M |
| Total current assets | $2.00B | $1.96B | $2.15B | $2.39B | $2.11B | $1.62B | $1.57B | $2.16B | $1.65B | $1.04B |
| Property, plant & equipment (net) | $923.9M | $753.6M | $765.0M | $662.2M | $638.2M | $559.4M | $455.2M | $511.7M | $494.3M | $436.7M |
| Goodwill & intangible assets | $3.09B | $2.73B | $3.00B | $2.90B | $2.98B | $3.09B | $2.77B | $2.58B | $2.51B | $2.48B |
| Long-term investments | $0 | $0 | $0 | $23.5M | $0 | $15.4M | $87.1M | $75.5M | $53.1M | $55.7M |
| Other non-current assets | $289.9M | $246.9M | $200.0M | $310.7M | $421.0M | $580.2M | $350.1M | $422.5M | $330.9M | $295.6M |
| Total assets | $6.30B | $5.69B | $6.12B | $6.29B | $6.15B | $5.87B | $5.24B | $5.75B | $5.04B | $4.31B |
| Liabilities | ||||||||||
| Accounts payable | $72.7M | $83.3M | $84.2M | $98.7M | $101.2M | $118.2M | $84.8M | $69.4M | $59.2M | $51.2M |
| Short-term debt | — | $77.8M | $610.2M | $411.8M | $869.7M | $66.0M | $304.0M | $503.2M | $1.4M | $999,000 |
| Deferred revenue | — | $70.8M | $66.4M | $69.0M | $63.4M | $57.1M | $48.5M | $45.4M | $49.4M | $44.6M |
| Total current liabilities | $512.1M | $543.6M | $1.08B | $974.5M | $1.52B | $572.2M | $951.3M | $972.2M | $324.8M | $308.4M |
| Long-term debt | $1.65B | $1.34B | $921.8M | $1.47B | $1.09B | $1.88B | $1.42B | $1.67B | $1.76B | $1.07B |
| Lease obligations | $157.9M | $24.3M | $22.3M | $22.2M | $22.0M | $23.4M | $18.7M | $61,000 | $1.4M | $999,000 |
| Other long-term liabilities | $351.2M | $240.6M | $306.3M | $374.7M | $438.8M | $619.4M | $326.6M | $470.1M | $414.5M | $325.6M |
| Total liabilities | $2.52B | $2.12B | $2.31B | $2.82B | $3.05B | $3.07B | $2.70B | $3.11B | $2.50B | $1.70B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.5M | $2.6M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.8M |
| Retained earnings (deficit) | $2.75B | $2.45B | $2.46B | $2.16B | $1.79B | $1.32B | $1.18B | $1.38B | $1.03B | $929.6M |
| Treasury stock | — | — | — | — | — | — | −$112.0M | −$178.9M | −$119.0M | −$120.0M |
| Accumulated other comprehensive income | −$377.3M | −$474.5M | −$433.8M | −$404.1M | −$326.7M | −$243.8M | −$309.6M | −$310.6M | −$220.8M | −$333.8M |
| Total shareholders' equity | $3.78B | $3.57B | $3.81B | $3.47B | $3.10B | $2.80B | $2.54B | $2.63B | $2.54B | $2.61B |
| Key figures | ||||||||||
| Total debt | $1.65B | $1.61B | $1.69B | $2.03B | $2.12B | $1.95B | $1.73B | $2.17B | $1.76B | $1.07B |
| Net cash (debt) | −$555.5M | −$456.2M | −$632.4M | −$608.2M | −$1.05B | −$1.23B | −$971.9M | −$755.2M | −$742.7M | −$535.9M |
| Working capital | $1.48B | $1.42B | $1.07B | $1.42B | $592.1M | $1.05B | $618.9M | $1.18B | $1.32B | $729.1M |
| Tangible book value | $691.1M | $838.1M | $805.2M | $569.2M | $118.4M | −$292.4M | −$236.3M | $51.4M | $28.8M | $124.4M |
| Book value per share | $18.17 | $16.33 | $17.51 | $15.53 | $13.76 | $12.32 | $11.53 | $11.29 | $10.91 | $11.33 |
| Shares outstanding | 207.9M | 218.5M | 217.5M | 223.2M | 225.1M | 227.2M | 220.0M | 233.5M | 233.0M | 230.1M |
| Current ratio | 3.90 | 3.61 | 1.99 | 2.46 | 1.39 | 2.84 | 1.65 | 2.22 | 5.07 | 3.36 |
| Quick ratio | 2.93 | 2.97 | 1.46 | 1.90 | 1.01 | 2.10 | 1.30 | 1.87 | 4.27 | 2.70 |
| Debt / equity | 0.44 | 0.45 | 0.44 | 0.58 | 0.68 | 0.70 | 0.68 | 0.83 | 0.69 | 0.41 |
| Equity / assets | 60.0% | 62.7% | 62.3% | 55.1% | 50.4% | 47.7% | 48.4% | 45.8% | 50.4% | 60.5% |
| 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 | $793.5M | $646.3M | $1.10B | $1.69B | $953.8M | $963.4M | $1.15B | $1.48B | $890.2M | $893.1M | $1.06B | $1.02B |
| Cash & equivalents | $768.5M | $646.3M | $839.0M | $1.36B | $733.8M | $638.8M | $663.6M | $973.0M | $533.6M | $513.7M | $668.1M | $579.9M |
| Short-term investments | $25.0M | $0 | $259.9M | $334.4M | $220.0M | $324.7M | $489.4M | $507.4M | $356.6M | $379.5M | $389.7M | $435.8M |
| Receivables | $399.1M | $411.3M | $402.6M | $393.6M | $385.8M | $340.7M | $459.0M | $345.6M | $355.3M | $343.9M | $515.6M | $326.7M |
| Inventory | $311.4M | $309.6M | $301.9M | $290.2M | $292.6M | $281.4M | $279.3M | $321.7M | $321.8M | $401.7M | $398.4M | $399.2M |
| Other current assets | $152.7M | $173.0M | $191.7M | $157.2M | $186.9M | $157.4M | $68.6M | $306.4M | $262.5M | $252.0M | $175.8M | $220.7M |
| Total current assets | $1.66B | $1.54B | $2.00B | $2.53B | $1.82B | $1.74B | $1.96B | $2.45B | $1.83B | $1.89B | $2.15B | $1.96B |
| Property, plant & equipment (net) | $923.0M | $914.8M | $923.9M | $897.6M | $874.9M | $803.7M | $753.6M | $759.9M | $717.8M | $762.5M | $765.0M | $706.0M |
| Goodwill & intangible assets | $3.05B | $3.06B | $3.09B | $2.85B | $2.87B | $2.74B | $2.73B | $2.82B | $2.79B | $2.95B | $3.00B | $2.98B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.3M | $0 | $0 | $0 | $0 |
| Other non-current assets | $263.8M | $263.6M | $289.9M | $273.3M | $263.6M | $259.7M | $246.9M | $219.8M | $242.2M | $201.7M | $200.0M | $261.2M |
| Total assets | $5.89B | $5.78B | $6.30B | $6.55B | $5.82B | $5.55B | $5.69B | $6.27B | $5.58B | $5.81B | $6.12B | $5.91B |
| Liabilities | ||||||||||||
| Accounts payable | $79.1M | $78.3M | $72.7M | $74.8M | $82.3M | $69.7M | $83.3M | $79.0M | $76.1M | $75.3M | $84.2M | $76.9M |
| Short-term debt | $16.5M | — | — | $499.6M | $559.2M | $55.7M | $77.8M | $555.3M | $492.7M | $590.5M | $610.2M | $100.6M |
| Deferred revenue | $82.9M | $82.7M | — | — | — | $76.5M | $70.8M | $73.4M | $70.1M | $73.7M | $66.4M | $63.4M |
| Total current liabilities | $581.4M | $479.1M | $512.1M | $973.4M | $1.13B | $516.9M | $543.6M | $1.13B | $1.03B | $1.03B | $1.08B | $524.4M |
| Long-term debt | $1.63B | $1.65B | $1.65B | $1.63B | $884.8M | $1.35B | $1.34B | $1.36B | $908.9M | $912.8M | $921.8M | $1.38B |
| Lease obligations | — | — | $157.9M | — | — | — | $24.3M | — | — | — | $22.3M | — |
| Other long-term liabilities | $322.9M | $324.7M | $351.2M | $303.1M | $305.1M | $267.9M | $240.6M | $247.1M | $235.5M | $268.3M | $306.3M | $306.3M |
| Total liabilities | $2.53B | $2.45B | $2.52B | $2.90B | $2.32B | $2.14B | $2.12B | $2.74B | $2.18B | $2.21B | $2.31B | $2.21B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.4M | $2.4M | $2.5M | $2.5M | $2.5M | $2.5M | $2.6M | $2.6M | $2.6M | $2.6M | $2.7M | $2.7M |
| Retained earnings (deficit) | $2.81B | $2.80B | $2.75B | $2.65B | $2.52B | $2.50B | $2.45B | $2.36B | $2.27B | $2.49B | $2.46B | $2.36B |
| Accumulated other comprehensive income | −$402.7M | −$396.8M | −$377.3M | −$384.3M | −$387.7M | −$441.6M | −$474.5M | −$413.5M | −$431.5M | −$424.2M | −$433.8M | −$438.7M |
| Total shareholders' equity | $3.36B | $3.33B | $3.78B | $3.65B | $3.51B | $3.41B | $3.57B | $3.53B | $3.41B | $3.60B | $3.81B | $3.69B |
| Key figures | ||||||||||||
| Total debt | $1.64B | $1.65B | $1.65B | $2.13B | $1.44B | $1.41B | $1.61B | $1.92B | $1.40B | $1.50B | $1.69B | $1.48B |
| Net cash (debt) | −$850.1M | −$1.00B | −$555.5M | −$437.2M | −$490.2M | −$444.9M | −$456.2M | −$439.5M | −$511.4M | −$610.2M | −$632.4M | −$467.2M |
| Working capital | $1.08B | $1.06B | $1.48B | $1.56B | $690.7M | $1.23B | $1.42B | $1.33B | $794.9M | $865.6M | $1.07B | $1.44B |
| Tangible book value | $312.0M | $268.2M | $691.1M | $797.8M | $639.3M | $668.7M | $838.1M | $712.9M | $610.4M | $648.7M | $805.2M | $716.6M |
| Book value per share | $16.16 | $15.95 | $18.19 | $16.71 | $16.07 | $15.48 | $16.36 | $15.76 | $15.34 | $15.89 | $17.01 | $16.51 |
| Shares outstanding | 207.8M | 208.9M | 207.8M | 218.5M | 218.2M | 220.2M | 218.0M | 224.0M | 222.0M | 226.6M | 223.8M | 223.7M |
| Current ratio | 2.85 | 3.21 | 3.90 | 2.60 | 1.61 | 3.37 | 3.61 | 2.17 | 1.77 | 1.84 | 1.99 | 3.74 |
| Quick ratio | 2.05 | 2.21 | 2.93 | 2.14 | 1.19 | 2.52 | 2.97 | 1.62 | 1.20 | 1.21 | 1.46 | 2.56 |
| Debt / equity | 0.49 | 0.49 | 0.44 | 0.58 | 0.41 | 0.41 | 0.45 | 0.54 | 0.41 | 0.42 | 0.44 | 0.40 |
| Equity / assets | 57.0% | 57.6% | 60.0% | 55.7% | 60.2% | 61.5% | 62.7% | 56.3% | 61.0% | 62.0% | 62.3% | 62.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 20, 2026); data from EODHD.
QGEN financial position
At the end of fiscal 2025 (December 31, 2025), Qiagen had total assets of $6.3 billion (up 10.7% from a year earlier), total liabilities of $2.5 billion and shareholders' equity of $3.8 billion. It held $1.1 billion in cash and short-term investments against $1.7 billion of debt, net debt of $555.5 million. Its current ratio was 3.90. In the latest quarter (ended June 30, 2026) total assets were $5.9 billion and equity $3.4 billion.
Related: QGEN income statement, QGEN cash flow statement, QGEN key metrics. See the QGEN stock overview for the latest quote and news.
QGEN balance sheet FAQ
What are Qiagen's total assets?
Qiagen reported total assets of $6.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.7 billion a year earlier.
How much debt does Qiagen have?
Qiagen had $1.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.44.
How much cash does Qiagen have?
Qiagen held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $1.7 billion of debt that is net debt of $555.5 million.
What is Qiagen's book value?
Qiagen's shareholders' equity (book value) was $3.8 billion at the end of fiscal 2025, or $18.17 per share.
What is Qiagen's current ratio?
Qiagen had current assets of $2.0 billion and current liabilities of $512.1 million, a current ratio of 3.90 (it can cover its short-term obligations).
How much goodwill does Qiagen have?
Qiagen carried $3.1 billion of goodwill and intangible assets, 49.0% of total assets, at the end of fiscal 2025.