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Equitable Holdings, Inc. balance sheet

At the end of fiscal 2025, Equitable Holdings, Inc. had total assets of $317.99bn, total liabilities of $316.20bn and shareholders' equity of −$74.0m. It held $12.46bn in cash against $3.86bn of debt: net cash of $8.60bn.

Balance sheet

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

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents5.74.84.54.46.25.24.38.27.012.517.2
Goodwill4.94.64.6————————
Total assets—235.6220.8249.8275.4292.3252.7276.7295.7318.0334.7
Short-term debt—1.90.50.00.00.10.80.30.00.00.0
Long-term debt—————3.83.33.83.83.83.8
Total debt0.02.45.04.14.13.94.14.13.83.93.8
Total liabilities—218.5205.2234.4258.1278.7249.1271.6292.2316.2333.4
Shareholders' equity16.513.413.813.515.611.51.42.61.6−0.1−0.8
Net debt (negative = net cash)−5.7−2.40.5−0.3−2.1−1.3−0.2−4.2−3.1−8.6−13.3
Shares outstanding—561m529m464m441m391m365m334m310m283m273m

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 Equitable Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Equitable Holdings, Inc.