NetApp Inc
NASDAQ: NTAP · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
Updated 2026-06-12
NetApp Inc (NTAP) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.66B | $4.07B | $5.47B | $6.49B | $8.50B | $9.53B | $11.24B | $9.22B | $9.40B | $10.04B | $9.49B | $9.87B | $8.74B | $7.52B | $9.36B | $10.03B | $9.82B | $9.89B | $10.82B | $10.74B |
| Cash & equivalents | $489.08M | $936.48M | $1.49B | $1.71B | $2.76B | $1.55B | $3.28B | $5.00B | $5.33B | $2.87B | $2.44B | $2.94B | $2.33B | $2.66B | $4.60B | $4.11B | $2.32B | $1.90B | $2.74B | $3.58B |
| Current assets | $2.24B | $2.07B | $3.44B | $4.54B | $6.39B | $6.83B | $8.42B | $6.47B | $6.77B | $6.45B | $6.20B | $6.86B | $5.61B | $4.27B | $6.00B | $5.95B | $4.68B | $4.90B | $5.85B | $5.78B |
| Total liabilities | $1.67B | $2.37B | $3.81B | $3.96B | $4.65B | $5.18B | $6.52B | $5.43B | $5.99B | $7.16B | $6.71B | $7.80B | $7.65B | $7.28B | $8.68B | $9.19B | $8.66B | $8.74B | $9.78B | $9.39B |
| Current liabilities | $1.19B | $1.41B | $1.68B | $1.91B | $3.37B | $3.52B | $3.83B | $2.69B | $2.71B | $3.66B | $4.04B | $3.62B | $3.87B | $3.62B | $3.45B | $3.95B | $3.47B | $4.11B | $4.66B | $4.02B |
| Long-term debt | — | $172.60M | $1.26B | $1.10B | $0.00 | $0.00 | $994.60M | $995.50M | $1.49B | $1.49B | $744.00M | $1.54B | $1.14B | $1.15B | $2.63B | $2.39B | $2.39B | $1.99B | $2.48B | — |
| Shareholder equity | $1.99B | $1.70B | $1.66B | $2.53B | $3.84B | $4.36B | $4.72B | $3.79B | $3.41B | $2.88B | $2.78B | $2.07B | $1.09B | $242.00M | $685.00M | $838.00M | $1.16B | $1.15B | $1.04B | $1.35B |
| Retained earnings | $1.23B | $1.54B | $1.62B | $2.00B | $2.67B | $2.81B | $2.90B | $1.10M | $53.20M | $0.00 | $40.00M | $-218.00M | $0.00 | $0.00 | $211.00M | $122.00M | $265.00M | $208.00M | $0.00 | $153.00M |
| Accounts receivable | $591.32M | $582.11M | $446.54M | $471.50M | $742.60M | $830.90M | $800.90M | $855.90M | $778.90M | $813.00M | $731.00M | $1.05B | $1.22B | $973.00M | $945.00M | $1.23B | $987.00M | $1.01B | $1.25B | $1.29B |
| Inventory | $54.88M | $70.22M | $61.10M | $112.90M | $108.50M | $161.50M | $139.50M | $122.40M | $146.50M | $98.00M | $163.00M | $126.00M | $131.00M | $145.00M | $114.00M | $204.00M | $167.00M | $186.00M | $186.00M | $198.00M |
| Goodwill | $601.06M | $680.05M | $680.99M | $681.00M | $760.30M | $905.20M | $988.10M | $988.10M | $1.03B | $1.68B | $1.68B | $1.74B | $1.74B | $1.78B | $2.04B | $2.35B | $2.76B | $2.76B | $2.72B | $2.77B |
Frequently asked questions
What is NetApp Inc's revenue?
NetApp Inc's trailing twelve-month revenue is $6.92B, and consensus projects about $8.62B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is NTAP?
In its most recent fiscal year, NTAP ran a gross margin of 70.74%, an operating margin of 24.48%, and a net margin of 18.43%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NTAP generate?
NTAP produced $1.87B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NTAP's balance sheet healthy?
NTAP holds $3.58B in cash and equivalents against — in long-term debt, on $1.35B of shareholder equity. That debt is best read against the cash flow the business throws off each year.