Universal Display Corp \pa\ balance sheet

At the end of fiscal 2025, Universal Display Corp \pa\ had total assets of $1.96bn, total liabilities of $203m and shareholders' equity of $1.76bn. It held $138m in cash against $1.3m of debt: net cash of $137m.

Balance sheet

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

Universal Display Corp \pa\: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	23	112	112	86	71	45	98	139	133	211	132	630	312	93	92	99	138	93
Receivables	—	7	11	9	16	22	25	25	52	43	60	82	108	93	140	114	120	89
Inventory	—	—	4	11	11	37	13	17	36	70	64	92	134	183	176	183	241	237
Total current assets	—	82	362	268	327	371	448	385	519	635	792	925	926	899	917	900	1,087	900
Goodwill	—	—	—	—	—	—	—	16	16	16	16	16	16	16	16	16	16	16
Total assets	—	92	374	386	463	490	559	628	780	933	1,120	1,269	1,467	1,533	1,669	1,832	1,964	1,878
Accounts payable	—	2	5	8	5	9	7	8	14	11	13	14	15	10	11	37	23	19
Deferred revenue (current)	—	5	6	4	2	2	10	10	15	81	97	105	121	46	48	33	21	35
Total current liabilities	—	25	20	22	23	27	35	40	64	133	162	165	188	136	119	125	108	119
Total debt	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	1	1	1
Total liabilities	—	35	32	35	35	41	93	99	121	243	309	357	367	257	222	216	203	213
Shareholders' equity	60	57	342	350	428	449	467	528	659	691	811	913	1,100	1,275	1,447	1,617	1,761	1,666
Net debt (negative = net cash)	−23	−112	−112	−86	−71	−45	−98	−139	−133	−211	−132	−630	−311	−93	−92	−98	−137	−92
Shares outstanding	—	39m	46m	47m	47m	47m	47m	47m	47m	47m	47m	48m	48m	48m	47m	47m	47m	45m

US$ millions unless shown otherwise. Fiscal quarters.

Universal Display Corp \pa\: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	114	140	147	74	120	94	126	89
Inventory	183	197	208	213	241	248	250	237
Total current assets	900	1,018	1,011	1,037	1,087	932	942	900
Goodwill	16	16	16	16	16	16	16	16
Total assets	1,832	1,864	1,932	1,947	1,964	1,895	1,888	1,878
Accounts payable	37	28	38	35	23	17	19	19
Deferred revenue (current)	33	23	36	23	21	21	41	35
Total current liabilities	125	113	126	109	108	98	111	119
Total liabilities	216	205	217	203	203	191	204	213
Shareholders' equity	1,617	1,659	1,715	1,745	1,761	1,704	1,684	1,666
Shares outstanding	47m	48m	48m	48m	47m	47m	46m	45m

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 Universal Display Corp \pa\'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Universal Display Corp \pa\.