Constellation Software Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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	Dec '21 Dec 31, 2021
Cash & Equivalents	3,010	3,089	1,980	1,284	811	763
Cash & Short-Term Investments	3,010	3,089	1,980	1,284	811	763
Cash Growth	21.52%	56.01%	54.21%	58.32%	6.29%	0.66%
Accounts Receivable	2,108	1,920	1,660	1,463	1,111	740
Inventory	83	68	56	51	48	35
Other Current Assets	755	727	596	541	497	296
Total Current Assets	5,956	5,803	4,291	3,339	2,466	1,835
Net Property, Plant & Equipment	629	625	551	454	411	338
Other Intangible Assets	8,907	8,388	7,455	6,675	4,662	3,428
Long-Term Investments	683	655	13	-	-	-
Other Long-Term Assets	794	700	538	394	333	165
Total Assets	16,969	16,171	12,848	10,862	7,872	5,766
Accounts Payable	2,018	2,186	1,827	1,616	1,263	948
Accrued Expenses	217	150	110	89	99	56
Current Portion of Long-Term Debt	585	591	319	1,086	821	203
Current Portion of Leases	149	141	115	112	96	79
Unearned Revenue	2,891	2,214	1,966	1,757	1,482	1,158
Other Current Liabilities	672	792	325	823	11	18
Total Current Liabilities	6,532	6,074	4,661	5,483	3,772	2,461
Long-Term Debt	3,405	3,540	3,155	2,248	1,153	915
Long-Term Leases	289	282	252	236	218	190
Other Long-Term Liabilities	2,134	2,007	1,491	934	796	679
Total Long-Term Liabilities	5,828	5,830	4,899	3,418	2,167	1,784
Total Liabilities	12,360	11,904	9,560	8,901	5,938	4,245
Common Stock	99	99	99	99	99	99
Accumulated Other Comprehensive Income	98	130	-224	-99	-150	-245
Retained Earnings	3,687	3,347	2,919	1,876	1,763	1,206
Total Common Shareholders' Equity	3,884	3,576	2,794	1,876	1,712	1,060
Minority Interest	725	692	493	85	221	460
Shareholders' Equity	4,609	4,267	3,288	1,961	1,933	1,521
Total Liabilities & Equity	16,969	16,171	12,848	10,862	7,872	5,766
Total Debt	4,428	4,554	3,841	3,682	2,288	1,387
Net Cash (Debt)	-1,418	-1,465	-1,861	-2,398	-1,477	-624
Net Cash Per Share	-66.91	-69.13	-87.82	-113.16	-69.70	-29.45
Book Value	3,884	3,576	2,794	1,876	1,712	1,060
Book Value Per Share	183.28	168.75	131.84	88.53	80.79	50.02
Tangible Book Value	-5,023	-4,812	-4,661	-4,799	-2,950	-2,368
Tangible Book Value Per Share	-237.03	-227.07	-219.95	-226.46	-139.21	-111.74