National Vision Holdings, Inc. balance sheet

At the end of fiscal 2025, National Vision Holdings, Inc. had total assets of $1.98bn and shareholders' equity of $870m. It held $38.7m in cash against $246m of debt: net debt of $207m.

Balance sheet

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

National Vision Holdings, Inc.: balance sheet, annual
Fiscal year	2015Jan 2016	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Jan 2026	LTMJul 2026
Cash and equivalents	6	5	4	17	39	374	306	229	150	74	39	36
Receivables	—	34	43	51	44	58	56	80	87	50	57	35
Inventory	—	87	91	116	128	111	124	123	120	94	89	123
Total current assets	—	147	162	215	235	567	515	474	397	250	226	227
Goodwill	797	793	793	778	778	778	778	778	718	698	701	701
Total assets	—	1,531	1,582	1,661	2,033	2,333	2,293	2,291	2,173	2,008	1,984	1,983
Accounts payable	—	39	36	44	41	65	64	65	68	54	79	77
Deferred revenue (current)	—	58	49	52	56	59	65	62	63	63	65	65
Total current liabilities	—	200	197	212	273	329	344	344	398	468	412	383
Short-term debt	—	—	—	—	11	0	0	0	8	98	13	13
Long-term debt	—	738	562	571	526	625	544	546	438	239	223	217
Total debt	0	746	569	578	570	720	570	568	461	350	246	238
Shareholders' equity	385	400	679	743	776	907	926	901	829	816	870	897
Net debt (negative = net cash)	−6	741	565	561	530	346	264	338	311	276	207	202
Shares outstanding	—	56m	75m	78m	80m	81m	81m	79m	78m	79m	79m	79m

US$ millions unless shown otherwise. Fiscal quarters.

National Vision Holdings, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Jan 2026	2026 Q1Apr 2026	2026 Q2Jul 2026
Receivables	47	50	53	46	46	57	44	35
Inventory	88	94	89	90	88	89	108	123
Total current assets	244	250	254	218	220	226	261	227
Goodwill	718	698	698	698	701	701	701	701
Total assets	2,020	2,008	2,010	1,968	1,958	1,984	2,020	1,983
Accounts payable	40	54	37	65	74	79	87	77
Deferred revenue (current)	64	63	64	65	66	65	66	65
Total current liabilities	426	468	468	418	417	412	418	383
Short-term debt	98	98	98	13	13	13	13	13
Long-term debt	242	239	236	248	230	223	220	217
Total debt	340	337	334	261	243	236	233	230
Shareholders' equity	840	816	836	851	859	870	898	897
Shares outstanding	79m	79m	79m	79m	79m	79m	80m	79m

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.

Compare with peers

Head to head: EYE vs HZO EYE vs ONEW EYE vs SVV

More: Other Specialty Retail stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from National Vision Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to National Vision Holdings, Inc.