Descartes Systems Group Inc balance sheet

At the end of fiscal 2026, Descartes Systems Group Inc had total assets of $1.90bn, total liabilities of $277m and shareholders' equity of $1.62bn. It held $357m in cash against $0 of debt: net cash of $357m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Descartes Systems Group Inc: balance sheet, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Jan 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Jan 2018	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2024Jan 2024	2025Jan 2025	2026Jan 2026
Cash and equivalents	90	70	66	38	63	118	37	38	35	27	44	134	213	—	236	357
Receivables	—	14	17	21	21	23	26	25	29	31	35	37	42	—	54	65
Inventory	—	—	0	1	1	0	0	0	0	0	0	0	1	—	1	0
Total current assets	—	102	103	81	110	157	75	73	75	72	100	203	292	—	353	482
Goodwill	—	57	11	88	111	147	217	263	350	378	524	565	609	760	925	1,026
Total assets	—	241	259	276	344	444	453	501	625	653	943	1,063	1,185	—	1,647	1,896
Accounts payable	—	5	5	6	7	5	4	5	8	5	8	8	11	—	21	21
Deferred revenue (current)	—	6	7	8	9	15	17	24	31	34	41	50	57	—	104	118
Total current liabilities	—	23	26	28	44	40	40	54	68	70	89	104	133	—	217	223
Short-term debt	—	—	—	—	9	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	—	—	—	—	32	—	—	—	37	25	—	—	—	—	—	—
Total debt	0	0	0	0	40	—	0	0	37	25	—	0	0	—	0	0
Total liabilities	—	36	40	38	94	54	51	70	126	120	121	152	186	—	262	277
Shareholders' equity	188	206	220	238	250	390	402	431	499	534	822	911	1,000	1,238	1,385	1,619
Net debt (negative = net cash)	−90	−70	−66	−38	−22	−118	−37	−38	2	−2	−44	−134	−213	—	−236	−357
Shares outstanding	61m	62m	62m	63m	64m	75m	76m	76m	77m	77m	84m	84m	85m	85m	86m	86m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Descartes Systems Group Inc's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Descartes Systems Group Inc.