Nokia Oyj Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Quarter	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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Cash & Equivalents	4,951	5,462	4,892	4,797	5,543	6,623	7,043	6,853	6,561	6,234	4,605	5,106	4,827	5,467	5,196	5,457	6,341	6,691	6,903	7,252
Short-Term Investments	879	961	773	755	1,174	1,661	1,714	1,863	1,837	1,565	1,698	1,860	2,889	3,080	3,340	3,253	2,685	2,577	2,478	1,499
Cash & Short-Term Investments	5,830	6,423	5,665	5,552	6,717	8,284	8,757	8,716	8,398	7,799	6,303	6,966	7,716	8,547	8,536	8,710	9,026	9,268	9,381	8,751
Cash Growth	-13.21%	-22.46%	-35.31%	-36.30%	-20.02%	6.22%	38.93%	25.12%	8.84%	-8.75%	-26.16%	-20.02%	-14.51%	-7.78%	-9.01%	-0.47%	2.08%	14.97%	22.92%	16.88%
Accounts Receivable	4,562	4,975	3,990	3,750	4,677	5,248	3,202	3,572	4,325	4,921	5,729	5,354	5,298	5,549	5,337	4,663	4,855	5,382	4,557	4,387
Other Receivables	1,675	1,589	1,639	1,666	1,599	1,461	1,495	1,715	1,721	1,900	1,999	1,958	2,169	2,137	2,359	2,261	2,199	2,005	2,104	2,169
Total Trade Receivables	6,237	6,564	5,629	5,416	6,276	6,709	4,697	5,287	6,046	6,821	7,728	7,312	7,467	7,686	7,696	6,924	7,054	7,387	6,661	6,556
Inventory	2,381	2,209	2,380	2,479	2,579	2,163	2,532	2,479	2,686	2,719	3,291	3,317	3,299	3,265	3,434	2,910	2,636	2,392	2,482	2,392
Other Current Assets	566	596	700	815	756	831	1,615	1,534	815	827	982	864	773	768	1,350	1,066	752	550	578	500
Total Current Assets	15,013	15,792	14,374	14,262	16,328	17,987	16,767	17,186	17,864	18,087	18,304	18,459	19,255	20,266	21,015	19,609	19,470	19,597	19,102	18,198
Net Property, Plant & Equipment	2,498	2,490	2,445	2,432	2,353	2,120	2,031	2,176	2,791	2,857	2,905	2,889	2,918	2,944	2,950	2,904	2,862	2,808	2,717	2,706
Other Intangible Assets	1,375	1,399	1,542	1,571	1,717	802	870	961	1,047	1,086	1,070	1,136	1,235	1,263	1,434	1,489	1,534	-	1,708	1,768
Goodwill	6,093	5,996	5,971	6,019	6,417	5,736	5,425	5,601	5,589	5,504	5,693	5,591	5,588	5,667	6,048	5,776	5,508	7,051	5,348	5,270
Long-Term Investments	517	548	516	535	556	581	528	527	602	803	942	1,035	1,085	896	1,832	1,583	1,562	1,001	930	985
Other Long-Term Assets	11,790	11,372	11,196	11,209	11,890	11,923	11,430	11,581	11,701	11,444	11,631	11,635	11,892	11,907	9,583	9,527	9,590	9,592	9,207	7,738
Total Assets	37,286	37,597	36,044	36,028	39,261	39,149	37,885	38,859	39,675	39,860	40,544	40,747	41,973	42,943	42,864	40,887	40,525	40,049	39,010	36,665
Accounts Payable	3,154	2,978	3,062	2,979	3,035	3,213	2,783	2,901	3,041	3,423	3,576	4,257	4,183	4,730	4,696	3,924	3,664	3,679	3,231	3,119
Short-Term Debt	40	1,084	711	749	1,882	969	953	932	646	554	575	587	606	228	232	213	126	116	557	559
Current Portion of Leases	195	203	202	202	208	199	211	209	213	198	194	193	176	184	215	182	195	185	198	223
Unearned Revenue	1,732	1,848	1,589	1,498	1,591	1,506	1,680	1,851	2,351	2,157	2,113	1,916	2,078	1,977	6,141	5,750	6,362	6,233	6,210	5,917
Other Current Liabilities	4,461	3,398	4,160	4,347	5,280	5,507	4,873	4,817	4,622	3,857	4,687	4,553	5,389	4,842	2,419	2,217	2,010	964	1,717	1,711
Total Current Liabilities	9,583	10,004	9,725	9,776	11,997	11,394	9,727	9,909	10,872	10,933	11,146	11,507	12,431	12,774	13,704	12,287	12,357	12,101	11,913	11,528
Long-Term Debt	2,338	2,329	2,343	2,342	2,287	2,918	2,785	2,747	3,124	3,637	3,562	3,584	3,704	4,249	4,364	4,424	4,489	4,537	4,524	4,504
Long-Term Leases	752	797	809	807	688	664	661	719	773	799	841	839	856	858	882	919	877	824	832	807
Other Long-Term Liabilities	3,340	3,902	3,494	3,290	3,471	3,426	3,487	3,665	3,673	4,607	3,644	3,540	3,606	4,449	4,118	4,232	4,717	6,049	5,349	5,490
Total Long-Term Liabilities	6,430	6,535	6,646	6,439	6,446	7,008	6,933	7,131	7,570	8,299	8,047	7,964	8,167	8,743	9,363	9,574	10,084	10,486	10,706	10,800
Total Liabilities	16,013	16,539	16,371	16,215	18,443	18,402	17,432	17,841	18,442	19,232	19,193	19,471	20,598	21,517	23,067	21,861	22,441	22,587	22,619	22,328
Common Stock	246	246	246	246	246	246	246	246	246	246	246	246	246	246	246	246	246	246	246	246
Treasury Stock	-352	-352	-352	-352	-1,020	-431	-645	-449	-359	-352	-606	-515	-433	-352	-586	-492	-399	-352	-352	-352
Additional Paid-in Capital	16,580	16,533	15,583	15,550	15,952	14,660	16,054	15,982	15,926	15,883	16,142	16,079	16,030	15,990	16,247	16,209	16,163	16,180	16,149	16,109
Accumulated Other Comprehensive Income	2,932	2,683	2,627	2,669	3,821	4,226	3,390	3,839	3,651	3,356	3,838	3,699	3,894	4,074	5,447	4,934	4,289	3,823	3,448	1,786
Retained Earnings	1,775	1,857	1,477	1,608	1,731	1,956	1,309	1,305	1,675	1,404	1,644	1,671	1,538	1,375	-1,669	-1,982	-2,327	-2,537	-3,200	-3,541
Total Common Shareholders' Equity	21,181	20,967	19,582	19,721	20,730	20,657	20,354	20,924	21,138	20,537	21,265	21,180	21,275	21,333	19,686	18,915	17,973	17,360	16,292	14,248
Minority Interest	92	91	91	92	89	90	100	94	95	91	86	96	100	93	112	111	110	102	100	89
Shareholders' Equity	21,273	21,058	19,673	19,813	20,819	20,747	20,454	21,018	21,234	20,628	21,351	21,276	21,375	21,426	19,797	19,026	18,083	17,462	16,392	14,337
Total Liabilities & Equity	37,286	37,597	36,044	36,028	39,261	39,149	37,885	38,859	39,675	39,860	40,544	40,747	41,973	42,943	42,864	40,887	40,525	40,049	39,010	36,665
Total Debt	3,325	4,413	4,065	4,100	5,065	4,750	4,610	4,607	4,756	5,188	5,172	5,203	5,342	5,519	5,693	5,738	5,687	5,662	6,111	6,093
Net Cash (Debt)	2,505	2,010	1,600	1,452	1,652	3,534	4,147	4,109	3,642	2,611	1,131	1,763	2,374	3,028	2,843	2,972	3,339	3,606	3,270	2,658
Net Cash Growth	51.63%	-43.12%	-61.42%	-64.66%	-54.64%	35.35%	266.67%	133.07%	53.41%	-13.77%	-60.22%	-40.68%	-28.90%	-16.03%	-13.06%	11.81%	26.05%	128.95%	248.61%	347.47%
Net Cash Per Share	0.44	0.36	0.20	0.30	0.31	0.65	0.75	0.74	0.66	0.47	0.20	0.31	0.42	0.54	0.53	0.52	0.59	0.64	0.57	0.45
Book Value	21,181	20,967	19,582	19,721	20,730	20,657	20,354	20,924	21,138	20,537	21,265	21,180	21,275	21,333	19,686	18,915	17,973	17,360	16,292	14,248
Book Value Per Share	3.70	3.73	2.45	4.11	3.85	3.77	3.70	3.76	3.80	3.70	3.83	3.77	3.78	3.79	3.68	3.29	3.17	3.06	2.86	2.44
Tangible Book Value	13,713	13,572	12,069	12,131	12,596	14,119	14,059	14,362	14,502	13,947	14,502	14,453	14,452	14,403	12,204	11,650	10,931	10,309	9,236	7,210
Tangible Book Value Per Share	2.40	2.42	1.51	2.53	2.34	2.58	2.56	2.58	2.61	2.51	2.61	2.57	2.57	2.56	2.28	2.03	1.93	1.82	1.62	1.23

SEC Filings: 10-K · 10-Q