Tradeweb Markets Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,908	1,340	1,706	1,257	972.05	791.28
Trading Asset Securities	-	-	-	-	3.02	-
Accounts Receivable	91.64	67.81	381.18	11.63	-	0.37
Other Receivables	272.05	230.37	168.62	145.67	133.76	105.4
Property, Plant & Equipment	196.92	79.52	58.77	62.35	51.56	63.25
Goodwill	3,150	3,150	2,816	2,780	2,780	2,695
Other Intangible Assets	1,458	1,581	1,139	1,217	1,339	1,352
Investments in Debt & Equity Securities	20.2	10.35	-	20	21.1	21.1
Restricted Cash	1	1	1	1	1	1
Other Current Assets	64.94	54.7	36.81	23.91	20.52	11.67
Long-Term Deferred Tax Assets	641.4	659.2	684.25	689.44	618.97	579.56
Other Long-Term Assets	191.53	94.09	68.38	51.6	49.33	59.77
Total Assets	7,996	7,268	7,060	6,260	5,990	5,680
Accounts Payable	267.02	159.94	408.22	54.92	28.17	33.9
Accrued Expenses	214.97	225.19	165.93	157.45	167.45	139.06
Short-Term Debt	11.63	-	22.39	1	-	3.41
Current Portion of Leases	3.15	13.44	-	-	-	-
Other Current Liabilities	37.9	5.68	0.1	-	0.2	0.2
Long-Term Leases	132.48	22.31	27.46	27.94	24.33	34.46
Long-Term Unearned Revenue	36.27	30.8	25.75	22.83	24.93	23.19
Long-Term Deferred Tax Liabilities	44.07	42.89	20.77	21.25	21.01	19.43
Other Long-Term Liabilities	313.5	368.86	457.52	425.72	412.45	404.33
Total Liabilities	1,061	869.11	1,128	713.82	681.24	660.69
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	4,865	4,813	4,739	4,577	4,401	4,143
Retained Earnings	1,408	996.76	640.38	386.63	242.62	156.04
Comprehensive Income & Other	7.75	-9.98	-5.39	-10.11	1.6	4.31
Total Common Equity	6,281	5,800	5,374	4,954	4,646	4,303
Minority Interest	654.27	598.69	557.65	592.53	663.35	715.71
Shareholders' Equity	6,935	6,399	5,931	5,546	5,309	5,019
Total Liabilities & Equity	7,996	7,268	7,060	6,260	5,990	5,680
Total Debt	147.27	35.75	49.85	28.95	24.33	37.87
Net Cash (Debt)	1,761	1,305	1,657	1,228	950.74	753.41
Net Cash Growth	53.94%	-21.25%	34.87%	29.19%	26.19%	75.31%
Net Cash Per Share	8.19	6.07	7.79	5.89	4.59	4.00
Filing Date Shares Outstanding	213.42	213.1	212.67	208.16	203.94	198.61
Total Common Shares Outstanding	213.42	212.91	212.02	207.68	203.22	195.01
Working Capital	1,803	1,290	1,697	1,223	931.84	730.44
Book Value Per Share	29.43	27.24	25.35	23.85	22.86	22.07
Tangible Book Value	1,672	1,070	1,420	956.48	526.73	257
Tangible Book Value Per Share	7.84	5.02	6.70	4.61	2.59	1.32

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.