Chewy, Inc. balance sheet
At the end of fiscal 2026, Chewy, Inc. had total assets of $3.37bn, total liabilities of $2.87bn and shareholders' equity of $498m. It held $860m in cash against $0 of debt: net cash of $860m.
Balance sheet
| Fiscal year | 2018Jan 2018 | 2019Feb 2019 | 2020Feb 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Feb 2025 | 2026Feb 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 69 | 88 | 212 | 563 | 603 | 332 | 602 | 596 | 860 | 611 |
| Receivables | — | 49 | 80 | 101 | 124 | 127 | 154 | 169 | 222 | 232 |
| Inventory | — | 221 | 318 | 513 | 560 | 678 | 719 | 837 | 865 | 925 |
| Total current assets | — | 449 | 630 | 1,227 | 1,324 | 1,525 | 2,104 | 1,662 | 2,036 | 1,845 |
| Goodwill | — | — | — | — | 0 | 39 | 39 | 39 | 39 | 334 |
| Total assets | — | 542 | 932 | 1,741 | 2,086 | 2,520 | 3,187 | 3,015 | 3,366 | 3,741 |
| Deferred revenue (current) | — | — | — | — | — | — | 42 | 50 | 61 | — |
| Total current liabilities | — | 814 | 1,101 | 1,381 | 1,645 | 1,828 | 2,111 | 2,207 | 2,302 | 2,202 |
| Short-term debt | — | — | — | — | — | — | — | — | 0 | 3 |
| Long-term debt | — | — | — | — | — | — | — | — | 0 | 589 |
| Total debt | — | — | — | — | — | — | — | — | 0 | 600 |
| Total liabilities | — | 878 | 1,336 | 1,743 | 2,072 | 2,360 | 2,677 | 2,753 | 2,869 | 3,370 |
| Shareholders' equity | −84 | −336 | −404 | −55 | −40 | 160 | 510 | 262 | 498 | 371 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | 53 | 54 | — | — | — | — | — |
| Net debt (negative = net cash) | −69 | −88 | −212 | −563 | −603 | −332 | −602 | −596 | −860 | −11 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Feb 2025 | 2026 Q1May 2025 | 2026 Q2Aug 2025 | 2026 Q3Nov 2025 | 2026 Q4Feb 2026 | 2027 Q1May 2026 | 2027 Q2Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 193 | 169 | 200 | 221 | 216 | 222 | 231 | 232 |
| Inventory | 859 | 837 | 807 | 875 | 944 | 865 | 1,008 | 925 |
| Total current assets | 1,616 | 1,662 | 1,712 | 1,782 | 1,928 | 2,036 | 1,838 | 1,845 |
| Goodwill | 39 | 39 | 39 | 39 | 39 | 39 | 113 | 334 |
| Total assets | 2,958 | 3,015 | 3,060 | 3,119 | 3,295 | 3,366 | 3,304 | 3,741 |
| Deferred revenue (current) | — | 50 | — | — | — | 61 | — | — |
| Total current liabilities | 2,179 | 2,207 | 2,140 | 2,193 | 2,260 | 2,302 | 2,345 | 2,202 |
| Short-term debt | — | — | — | — | — | 0 | — | 3 |
| Long-term debt | — | — | — | — | — | 0 | — | 589 |
| Total debt | — | — | — | — | — | 0 | — | 592 |
| Total liabilities | 2,734 | 2,753 | 2,685 | 2,729 | 2,825 | 2,869 | 2,880 | 3,370 |
| Shareholders' equity | 223 | 262 | 376 | 390 | 469 | 498 | 424 | 371 |
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