NetApp Inc. (NTAP) financial statements: income statement, balance sheet and cash flow

NetApp Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Apr 24, 2026 · FY), NetApp Inc. reported revenue of $6.9B (+5.4% year on year) and net income of $1.3B (+7.6% year on year).

Income statement

NetApp Inc. income statement, fiscal years

Line item	Apr 24, 2026 · FY	Apr 25, 2025 · FY	Apr 26, 2024 · FY	Apr 28, 2023 · FY
Net revenues	$6.9B	$6.6B	$6.3B	$6.4B
Total cost of revenues	$2.0B	$2.0B	$1.8B	$2.2B
Gross profit	$4.9B	$4.6B	$4.4B	$4.2B
Sales and marketing	$1.9B	$1.9B	$1.8B	$1.8B
Research and development	$991.0M	$1.0B	$1.0B	$956.0M
General and administrative	$344.0M	$311.0M	$308.0M	$265.0M
Restructuring charges	$21.0M	$83.0M	$44.0M	$120.0M
Acquisition-related expense	$0	$5.0M	$10.0M	$21.0M
Total operating expenses	$3.2B	$3.3B	$3.2B	$3.2B
Income from operations	$1.7B	$1.3B	$1.2B	$1.0B
Other (expense) income, net	($26.0M)	$46.0M	$49.0M	$48.0M
Income before income taxes	$1.6B	$1.4B	$1.3B	$1.1B
Provision for income taxes	$372.0M	$197.0M	$277.0M	($208.0M)
Net income	$1.3B	$1.2B	$986.0M	$1.3B
Basic	$6.41	$5.81	$4.74	$5.87
Diluted	$6.35	$5.67	$4.63	$5.79
Basic	199.0M	204.0M	208.0M	217.0M
Diluted	201.0M	209.0M	213.0M	220.0M

NetApp Inc. income statement, quarters

Line item	Jul 31, 2026 · Q1	Jan 23, 2026 · Q3	Oct 24, 2025 · Q2	Jul 25, 2025 · Q1
Net revenues	$2.0B	$1.7B	$1.7B	$1.6B
Total cost of revenues	$606.0M	$504.0M	$478.0M	$461.0M
Gross profit	$1.4B	$1.2B	$1.2B	$1.1B
Sales and marketing	$507.0M	$455.0M	$465.0M	$461.0M
Research and development	$274.0M	$237.0M	$251.0M	$242.0M
General and administrative	$98.0M	$86.0M	$89.0M	$84.0M
Restructuring charges	$56.0M	($3.0M)	$23.0M	$2.0M
Total operating expenses	$935.0M	$775.0M	$828.0M	$789.0M
Income from operations	$484.0M	$434.0M	$399.0M	$309.0M
Other expense, net	$0	($1.0M)	($6.0M)	($5.0M)
Income before income taxes	$484.0M	$433.0M	$393.0M	$304.0M
Provision for income taxes	$109.0M	$99.0M	$88.0M	$71.0M
Net income	$375.0M	$334.0M	$305.0M	$233.0M
Basic	$1.91	$1.69	$1.53	$1.16
Diluted	$1.88	$1.67	$1.51	$1.15
Basic	196.0M	198.0M	199.0M	201.0M
Diluted	200.0M	200.0M	202.0M	203.0M

Balance sheet

NetApp Inc. balance sheet, fiscal years

Line item	Apr 24, 2026 · FY	Apr 25, 2025 · FY	Apr 26, 2024 · FY	Apr 28, 2023 · FY
Cash and cash equivalents	$2.1B	$2.7B	$1.9B	$2.3B
Short-term investments	$1.5B	$1.1B	$1.3B	$754.0M
Accounts receivable	$1.3B	$1.2B	$1.0B	$987.0M
Inventories	$198.0M	$186.0M	$186.0M	$167.0M
Other current assets	$708.0M	$573.0M	$452.0M	$456.0M
Total current assets	$5.8B	$5.9B	$4.9B	$4.7B
Property and equipment, net	$592.0M	$563.0M	$604.0M	$650.0M
Goodwill	$2.8B	$2.7B	$2.8B	$2.8B
Purchased intangible assets, net	$22.0M	$43.0M	$124.0M	$181.0M
Other non-current assets	$1.6B	$1.6B	$1.5B	$1.5B
Total assets	$10.7B	$10.8B	$9.9B	$9.8B
Accounts payable	$550.0M	$511.0M	$517.0M	$392.0M
Accrued expenses	$1.2B	$1.1B	$1.0B	$857.0M
Current portion of long-term debt	$0	$750.0M	$400.0M	$0
Short-term deferred revenue	$2.3B	$2.3B	$2.2B	$2.2B
Total current liabilities	$4.0B	$4.7B	$4.1B	$3.5B
Long-term debt	$2.5B	$2.5B	$2.0B	$2.4B
Other long-term liabilities	$360.0M	$379.0M	$585.0M	$708.0M
Long-term deferred revenue	$2.5B	$2.3B	$2.1B	$2.1B
Total liabilities	$9.4B	$9.8B	$8.7B	$8.7B
Preferred stock, $0.001 par value, 5 shares authorized; no shares issued or outstanding as of April 25, 2025 or April 26, 2024	0	—	—	0
Common stock and additional paid-in capital, $0.001 par value, 885 shares authorized; 198 and 201 shares issued and outstanding as of April 24, 2026 and April 25, 2025, respectively	1.2B	1.1B	997.0M	945.0M
Retained earnings	$153.0M	$0	$208.0M	$265.0M
Accumulated other comprehensive loss	($11.0M)	($66.0M)	($59.0M)	($51.0M)
Total stockholders' equity	$1.4B	$1.0B	$1.1B	$1.2B
Total liabilities and stockholders' equity	$10.7B	$10.8B	$9.9B	$9.8B

NetApp Inc. balance sheet, quarters

Line item	Jul 31, 2026	Jan 23, 2026	Oct 24, 2025	Jul 25, 2025
Cash and cash equivalents	$1.6B	$1.6B	$2.1B	$2.1B
Short-term investments	$2.0B	$1.4B	$942.0M	$1.2B
Accounts receivable	$966.0M	$1.3B	$988.0M	$787.0M
Inventories	$375.0M	$109.0M	$127.0M	$133.0M
Other current assets	$755.0M	$565.0M	$525.0M	$443.0M
Total current assets	$5.7B	$5.0B	$4.7B	$4.7B
Property and equipment, net	$663.0M	$576.0M	$568.0M	$570.0M
Goodwill	$2.9B	$2.8B	$2.7B	$2.7B
Purchased intangible assets, net	$38.0M	$26.0M	$31.0M	$37.0M
Other non-current assets	$1.7B	$1.6B	$1.6B	$1.7B
Total assets	$11.0B	$10.0B	$9.6B	$9.7B
Accounts payable	$566.0M	$413.0M	$436.0M	$404.0M
Accrued expenses	$1.2B	$908.0M	$890.0M	$895.0M
Current portion of long-term debt	$550.0M	$0	$0	$0
Short-term deferred revenue	$2.3B	$2.3B	$2.1B	$2.3B
Total current liabilities	$4.6B	$3.6B	$3.5B	$3.6B
Long-term debt	$1.9B	$2.5B	$2.5B	$2.5B
Other long-term liabilities	$360.0M	$375.0M	$387.0M	$394.0M
Long-term deferred revenue	$2.6B	$2.4B	$2.3B	$2.3B
Total liabilities	$9.5B	$8.8B	$8.6B	$8.7B
Common stock and additional paid-in capital, $0.001 par value, 885 shares authorized; 196 shares issued and outstanding as of July 31, 2026 and April 24, 2026	1.3B	1.1B	1.0B	1.0B
Retained earnings	$235.0M	$40.0M	$0	$0
Accumulated other comprehensive loss	($21.0M)	($29.0M)	($50.0M)	($40.0M)
Total stockholders' equity	$1.5B	$1.2B	$986.0M	$975.0M
Total liabilities and stockholders' equity	$11.0B	$10.0B	$9.6B	$9.7B

Cash flow statement

NetApp Inc. cash flow statement, fiscal years

Line item	Apr 24, 2026 · FY	Apr 25, 2025 · FY	Apr 26, 2024 · FY	Apr 28, 2023 · FY
Net income	$1.3B	$1.2B	$986.0M	$1.3B
Depreciation and amortization	$200.0M	$243.0M	$255.0M	$248.0M
Non-cash operating lease cost	$42.0M	$41.0M	$45.0M	$52.0M
Stock-based compensation	$382.0M	$386.0M	$357.0M	$312.0M
Deferred income taxes	$135.0M	($100.0M)	$53.0M	($606.0M)
Other items, net	$55.0M	$0	($13.0M)	($67.0M)
Accounts receivable	($36.0M)	($219.0M)	($33.0M)	$260.0M
Inventories	($12.0M)	($1.0M)	($18.0M)	$37.0M
Other operating assets	($248.0M)	($87.0M)	($62.0M)	($63.0M)
Accounts payable	$31.0M	($8.0M)	$123.0M	($207.0M)
Accrued expenses	($23.0M)	$62.0M	$113.0M	($103.0M)
Deferred revenue	$281.0M	$208.0M	($14.0M)	$46.0M
Long-term taxes payable	($7.0M)	($207.0M)	($106.0M)	($76.0M)
Other operating liabilities	($9.0M)	$2.0M	($1.0M)	$0
Net cash provided by operating activities	$2.1B	$1.5B	$1.7B	$1.1B
Purchases of investments	($2.8B)	($1.8B)	($2.6B)	($1.3B)
Maturities, sales and collections of investments	$2.3B	$2.0B	$2.1B	$550.0M
Purchases of property and equipment	($198.0M)	($168.0M)	($155.0M)	($239.0M)
Other investing activities, net	$15.0M	$70.0M	$0	$59.0M
Net cash (used in) provided by investing activities	($595.0M)	$147.0M	($735.0M)	($1.4B)
Proceeds from issuance of common stock under employee stock award plans	103.0M	108.0M	100.0M	108.0M
Payments for taxes related to net share settlement of stock awards	($137.0M)	($199.0M)	($127.0M)	($84.0M)
Repurchase of common stock	($950.0M)	($1.1B)	($900.0M)	($850.0M)
Issuances of debt, net of issuance costs	$0	$1.2B	—	$0
Repayments and extinguishment of debt	($750.0M)	($400.0M)	$0	($250.0M)
Dividends paid	($413.0M)	($424.0M)	($416.0M)	($432.0M)
Other financing activities, net	$0	($3.0M)	($1.0M)	($5.0M)
Net cash used in financing activities	($2.1B)	($828.0M)	($1.3B)	($1.5B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$1.0M	$15.0M	($19.0M)	($1.0M)
Net change in cash, cash equivalents and restricted cash	($674.0M)	$840.0M	($413.0M)	($1.8B)
Beginning of period	$2.7B	$1.9B	$2.3B	$4.1B
End of period	$2.1B	$2.7B	$1.9B	$2.3B

NetApp Inc. cash flow statement, quarters

Line item	Jul 31, 2026 · Q1	Jan 23, 2026 · YTD	Oct 24, 2025 · YTD	Jul 25, 2025 · Q1
Net Income	$375.0M	$872.0M	$538.0M	$233.0M
Depreciation and amortization	$33.0M	$151.0M	$103.0M	$51.0M
Non-cash operating lease cost	$11.0M	$32.0M	$21.0M	$11.0M
Stock-based compensation	$98.0M	$282.0M	$185.0M	$83.0M
Deferred income taxes	($5.0M)	$48.0M	$19.0M	$9.0M
Other items, net	($15.0M)	$58.0M	$75.0M	$46.0M
Accounts receivable	$317.0M	($63.0M)	$261.0M	$466.0M
Inventories	($176.0M)	$77.0M	$60.0M	$54.0M
Other operating assets	($114.0M)	($54.0M)	($8.0M)	$110.0M
Accounts payable	$19.0M	($98.0M)	($73.0M)	($107.0M)
Accrued expenses	($75.0M)	($248.0M)	($277.0M)	($240.0M)
Deferred revenue and financed unearned services revenue	$32.0M	$66.0M	($107.0M)	($48.0M)
Other operating liabilities	$3.0M	($9.0M)	$0	$3.0M
Net cash provided by operating activities	$503.0M	$1.1B	$800.0M	$673.0M
Purchases of investments	($1.6B)	($2.3B)	($1.2B)	($741.0M)
Maturities, sales and collections of investments	$1.1B	$2.0B	$1.3B	$598.0M
Purchases of property and equipment	($102.0M)	($148.0M)	($102.0M)	($53.0M)
Acquisition of business, net of cash acquired	($78.0M)	—	—	—
Other investing activities, net	$0	$15.0M	$15.0M	$15.0M
Net cash (used in) provided by investing activities	($674.0M)	($415.0M)	$68.0M	($181.0M)
Proceeds from issuance of common stock under employee stock award plans	57.0M	103.0M	54.0M	54.0M
Payments for taxes related to net share settlement of stock awards	($74.0M)	($112.0M)	($87.0M)	($57.0M)
Repurchase of common stock	($200.0M)	($750.0M)	($550.0M)	($300.0M)
Repayments and extinguishment of debt	$0	($750.0M)	($750.0M)	($750.0M)
Dividends paid	($102.0M)	($310.0M)	($207.0M)	($104.0M)
Net cash used in financing activities	($319.0M)	($1.8B)	($1.5B)	($1.2B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	($6.0M)	$3.0M	$2.0M	$7.0M
Net change in cash, cash equivalents and restricted cash	($496.0M)	($1.1B)	($670.0M)	($658.0M)
Beginning of period	$2.1B	$2.7B	$2.7B	$2.7B
End of period	$1.6B	$1.6B	$2.1B	$2.1B

NetApp Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.