QNAP Systems Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,460	2,946	1,367	1,289	996.65
Short-Term Investments	-	62.33	15.01	35.9	4.85
Trading Asset Securities	481.62	117	398.62	1.88	114.09
Cash & Short-Term Investments	1,942	3,126	1,781	1,326	1,116
Cash Growth	-11.20%	75.52%	34.27%	18.89%	-
Accounts Receivable	836.04	767.25	777.58	947.85	848.83
Other Receivables	-	-	-	0.66	0.2
Receivables	836.04	767.25	777.58	948.51	849.04
Inventory	1,824	1,366	1,026	900.2	891.66
Other Current Assets	1,363	365.49	194.16	163.14	142.52
Total Current Assets	6,153	5,624	3,778	3,338	2,999
Property, Plant & Equipment	2,847	2,709	2,548	3,000	2,837
Long-Term Investments	1,031	1,042	1,230	2,153	1,849
Other Intangible Assets	7.72	11.6	22.14	16.9	23.01
Long-Term Deferred Tax Assets	195.17	173.39	212.16	146.12	283.06
Other Long-Term Assets	303.01	305.28	364.52	2,411	2,345
Total Assets	10,537	9,864	8,156	11,064	10,336
Accounts Payable	621.53	592.69	598.51	461.35	334.58
Short-Term Debt	200.5	201	-	-	-
Current Portion of Leases	21.49	22.99	17.6	12.06	16.4
Current Income Taxes Payable	303.88	174.25	255.74	309.57	485.79
Current Unearned Revenue	104.84	93.8	106.77	161.5	157.34
Other Current Liabilities	2,004	747.88	1,095	1,077	777.71
Total Current Liabilities	3,256	1,833	2,074	2,022	1,772
Long-Term Leases	32.2	36.26	41.22	33.93	46
Long-Term Deferred Tax Liabilities	112.67	100.91	92.51	93.6	85.86
Other Long-Term Liabilities	4.87	5.05	15.37	14.01	12.26
Total Liabilities	3,497	1,975	2,223	2,163	1,916
Common Stock	331.25	331.25	300.05	1,391	1,391
Additional Paid-In Capital	2,373	2,373	399.19	2.86	-
Retained Earnings	4,332	5,161	5,008	7,046	6,886
Treasury Stock	-	-	-	-29.01	-21.39
Comprehensive Income & Other	4.26	24.23	225.38	490.29	164.67
Total Common Equity	7,040	7,890	5,933	8,901	8,420
Minority Interest	-	-	-	-	-0.7
Shareholders' Equity	7,040	7,890	5,933	8,901	8,420
Total Liabilities & Equity	10,537	9,864	8,156	11,064	10,336
Total Debt	346.01	260.25	58.82	45.99	62.4
Net Cash (Debt)	1,596	2,865	1,722	1,280	1,053
Net Cash Growth	-16.42%	66.40%	34.50%	21.57%	-
Net Cash Per Share	50.67	93.75	57.39	43.87	36.78
Filing Date Shares Outstanding	35.77	33.13	30.01	27.75	27.77
Total Common Shares Outstanding	35.77	33.13	30.01	27.75	27.77
Working Capital	2,897	3,792	1,704	1,317	1,227
Book Value Per Share	196.82	238.18	197.72	320.75	303.20
Tangible Book Value	7,032	7,878	5,911	8,884	8,397
Tangible Book Value Per Share	196.61	237.83	196.99	320.14	302.38
Land	-	1,173	1,113	1,231	1,094
Buildings	-	1,645	1,442	1,871	1,786
Machinery	-	749.96	757.63	738.13	668.96
Construction In Progress	-	26.18	73.32	1.31	4.51
Leasehold Improvements	-	94.08	94.78	94.78	92.2