Financial Statements — ETSY
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 1.21 | 1.25 | 1.18 | 0.65 | 0.82 | 0.76 | 0.79 | 0.74 | 0.84 | 0.79 | 0.79 | 0.76 | 0.76 | 0.62 | 2.05 | 1.16 |
| Accounts Receivable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Current Assets | 2.11 | 1.79 | 1.65 | 1.11 | 1.32 | 1.36 | 1.40 | 1.34 | 1.41 | 1.34 | 1.35 | 1.32 | 1.30 | 1.08 | 2.69 | 1.89 |
| Property, Plant & Equipment | 0.20 | 0.23 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.24 | 0.25 | 0.25 | 0.26 | 0.27 | 0.20 | 0.11 | 0.11 |
| Goodwill | 0.04 | 0.04 | 0.04 | 0.04 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 1.27 | 1.36 | 1.39 | 0.14 | 0.14 |
| Intangible Assets | 0.01 | 0.30 | 0.32 | 0.41 | 0.44 | 0.44 | 0.44 | 0.45 | 0.47 | 0.53 | 0.52 | 0.55 | 0.60 | 0.61 | 0.18 | 0.18 |
| Total Non-current Assets* | 0.15 | 0.16 | 0.16 | 0.17 | 1.12 | 1.09 | 1.09 | 1.11 | 1.15 | 1.16 | 1.10 | 2.29 | 2.45 | 2.42 | 0.60 | 0.60 |
| Total Assets | 2.68 | 2.65 | 2.56 | 2.12 | 2.44 | 2.45 | 2.50 | 2.45 | 2.57 | 2.50 | 2.45 | 3.61 | 3.75 | 3.50 | 3.29 | 2.50 |
| Accounts Payable | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 | 0.02 |
| Short-term Debt | 0.65 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.25 | 0.57 | 0.49 | 0.52 | 0.55 | 0.56 | 0.57 | 0.55 | 0.50 | 0.50 | 0.50 | 0.45 | 0.48 | 0.47 | 0.41 | 0.43 |
| Long-term Debt | 2.33 | 2.98 | 2.98 | 2.29 | 2.29 | 2.29 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.27 | 2.27 | 1.30 |
| Total Non-current Liabilities* | 2.57 | 3.20 | 3.20 | 2.51 | 2.51 | 2.52 | 2.52 | 2.52 | 2.53 | 2.54 | 2.56 | 2.58 | 2.59 | 2.50 | 2.35 | 1.39 |
| Total Liabilities | 3.82 | 3.77 | 3.68 | 3.03 | 3.07 | 3.08 | 3.08 | 3.07 | 3.03 | 3.04 | 3.06 | 3.03 | 3.07 | 2.97 | 2.76 | 1.81 |
| Retained Earnings | (2.48) | (2.38) | (2.34) | (2.03) | (1.65) | (1.55) | (1.45) | (1.35) | (1.14) | (1.16) | (1.01) | 0.11 | 0.10 | (0.02) | (0.06) | 0.02 |
| Total Stockholder Equity | (1.14) | (1.11) | (1.12) | (0.91) | (0.62) | (0.63) | (0.58) | (0.62) | (0.46) | (0.54) | (0.61) | 0.58 | 0.68 | 0.53 | 0.53 | 0.68 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 0.63 | 0.88 | 0.68 | 0.67 | 0.65 | 0.85 | 0.66 | 0.65 | 0.65 | 0.84 | 0.64 | 0.63 | 0.64 | 0.81 | 0.59 | 0.59 | 0.58 | 0.72 | 0.53 | 0.53 |
| Cost of Revenue | 0.18 | 0.24 | 0.19 | 0.19 | 0.19 | 0.22 | 0.19 | 0.18 | 0.19 | 0.26 | 0.19 | 0.19 | 0.20 | 0.23 | 0.17 | 0.17 | 0.17 | 0.21 | 0.15 | 0.15 |
| Gross Profit | 0.46 | 0.64 | 0.48 | 0.48 | 0.46 | 0.63 | 0.48 | 0.46 | 0.46 | 0.59 | 0.45 | 0.44 | 0.45 | 0.58 | 0.42 | 0.41 | 0.41 | 0.51 | 0.38 | 0.38 |
| Research & Development | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.11 | 0.12 | 0.12 | 0.11 | 0.11 | 0.10 | 0.09 | 0.08 | 0.07 | 0.06 |
| Selling, General & Admin | 0.06 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | 0.09 | 0.09 | 0.08 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.06 |
| Total Operating Expenses | 0.34 | 0.51 | 0.40 | 0.40 | 0.48 | 0.48 | 0.39 | 0.39 | 0.39 | 0.47 | 0.36 | 0.44 | 0.37 | 0.44 | 1.37 | 0.34 | 0.32 | 0.37 | 0.30 | 0.29 |
| Operating Income | 0.12 | 0.13 | 0.08 | 0.08 | (0.02) | 0.16 | 0.09 | 0.07 | 0.07 | 0.12 | 0.09 | -0.00 | 0.08 | 0.14 | (0.95) | 0.07 | 0.08 | 0.14 | 0.08 | 0.09 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Pretax Income | 0.13 | 0.14 | 0.09 | 0.05 | (0.03) | 0.18 | 0.07 | 0.08 | 0.08 | 0.11 | 0.10 | 0.01 | 0.08 | 0.13 | (0.95) | 0.07 | 0.09 | 0.14 | 0.08 | 0.09 |
| Tax Provision | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.05 | 0.02 | 0.03 | 0.02 | 0.03 | 0.01 | (0.06) | 0.01 | 0.02 | 0.01 | 0.00 | -0.00 | (0.02) | (0.01) | (0.01) |
| Net Income | 0.07 | 0.11 | 0.08 | 0.03 | (0.05) | 0.13 | 0.06 | 0.05 | 0.06 | 0.08 | 0.09 | 0.06 | 0.07 | 0.11 | (0.96) | 0.07 | 0.09 | 0.16 | 0.09 | 0.10 |
| Basic EPS | 0.72 | 1.04 | 0.76 | 0.28 | (0.49) | 1.15 | 0.50 | 0.46 | 0.53 | 0.69 | 0.72 | 0.50 | 0.60 | 0.88 | (7.62) | 0.58 | 0.68 | 1.26 | 0.71 | 0.77 |
| Diluted EPS | 0.60 | 1.00 | 0.63 | 0.25 | (0.49) | 1.01 | 0.45 | 0.41 | 0.48 | 0.62 | 0.64 | 0.45 | 0.53 | 1.03 | (7.62) | 0.51 | 0.60 | 1.10 | 0.62 | 0.68 |
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.08 | 0.32 | 0.22 | 0.11 | 0.05 | 0.31 | 0.22 | 0.15 | 0.07 | 0.30 | 0.22 | 0.14 | 0.06 | 0.29 | 0.21 | 0.13 | 0.06 | 0.29 | 0.09 | 0.12 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Free Cash Flow* | 0.08 | 0.32 | 0.21 | 0.10 | 0.05 | 0.31 | 0.21 | 0.15 | 0.07 | 0.29 | 0.21 | 0.13 | 0.05 | 0.29 | 0.20 | 0.12 | 0.06 | 0.28 | 0.09 | 0.12 |
| Investing Cash Flow | (0.02) | 0.00 | (0.02) | 0.08 | (0.02) | (0.02) | (0.01) | -0.00 | (0.03) | (0.02) | (0.01) | (0.01) | (0.04) | -0.00 | -0.00 | (0.02) | (0.01) | (0.02) | (1.45) | 0.10 |
| Financing Cash Flow | (0.16) | (0.17) | (0.13) | 0.33 | (0.20) | (0.28) | (0.17) | (0.18) | (0.16) | (0.12) | (0.30) | (0.08) | (0.16) | (0.18) | (0.16) | (0.09) | (0.07) | (0.11) | (0.07) | 0.66 |
* Derived from reported values
