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Ulta Beauty, Inc. Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Ulta Beauty, Inc. holds $7.0B in total assets. Shareholders' equity is $2.8B against $2.2B in total debt. Cash and equivalents total $424.2M. The current ratio is 1.41 and debt-to-equity is 0.801. Based on the Q1 2026 filing.

Total Assets$7.0BTotal Stockholders Equity$2.8BCash And Equivalents$424.2MTotal Current Assets$3.1BTotal Current Liabilities$2.2B
Latest FilingQ1 2026
Report Date2026-03-26
Market Cap$20.9B
P/E Ratio18.12
ROE43.59%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$593.2M$563.8M$537.5M$708.7M$759.0M$685.9M
Accrued expenses$333.5M$380.2M$347.0M$460.2M$473.9M$551.4M
Other Commercial Liabilities$333.5M$380.2M$347.0M$460.2M$473.9M$551.4M
Accrued Liabilities, Current$333.5M$380.2M$347.0M$460.2M$473.9M$551.4M
Current portion of long-term debt$199.7M——$289.1M$551.7M$62.3M
Deferred revenue$405.0M$500.6M$462.8M$460.2M$463.0M$582.4M
Operating lease liabilities, current$285.0M$288.1M$285.8M$282.6M$290.7M$306.7M
Short-term borrowings$199.7M——$289.1M$551.7M$62.3M
Total current liabilities$1.8B$1.8B$1.8B$2.2B$2.5B$2.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.1B$1.1B$1.1B$1.2B$1.2B$1.2B
Common stock$474.0K$468.0K$459.0K$458.0K$454.0K$450.0K
Additional paid-in capital$1.1B$1.1B$1.1B$1.2B$1.2B$1.2B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$474.0K$468.0K$459.0K$458.0K$454.0K$450.0K
Retained earnings$1.3B$1.5B$1.4B$1.6B$1.6B$1.7B
Total liabilities and stockholders' equity$6.0B$6.0B$6.0B$6.6B$7.0B$7.0B
Total stockholders' equity$2.3B$2.5B$2.4B$2.6B$2.6B$2.8B
Treasury stock$106.6M$106.8M$119.7M$120.0M$120.3M$120.4M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$177.8M$703.2M$454.6M$242.7M$204.9M$424.2M
Income taxes receivable$62.8M$4.9M—$28.9M$26.5M$3.2M
Finished goods$2.4B$2.0B$2.1B$2.4B$2.7B$2.2B
Prepaid expenses and other current assets$135.5M$129.1M$138.4M$166.0M$158.4M$169.4M
Total current assets$3.0B$3.0B$2.9B$3.1B$3.4B$3.1B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$91.7M$42.6M$46.0M$49.2M$45.3M$98.8M
Deferred Tax Assets and Other Non-Current Assets$60.1M$64.7M$78.5M$98.3M$112.8M$124.9M
Goodwill$10.9M$10.9M$10.9M$392.6M$392.6M$226.4M
Intangible assets, net$281.0K$204.0K—$5.5M$6.1M$203.3M
Net Investment in Lease$1.6B$1.6B$1.7B$1.7B$1.7B$1.8B
Operating lease right-of-use assets$1.6B$1.6B$1.7B$1.7B$1.7B$1.8B
Other non-current assets$60.1M$64.7M$78.5M$98.3M$112.8M$124.9M
Other Intangible Assets Net$281.0K$204.0K—$5.5M$6.1M$203.3M
Operating lease right-of-use assets$1.6B$1.6B$1.7B$1.7B$1.7B$1.8B
Operating Lease Right-of-Use Assets in Other Assets$1.6B$1.6B$1.7B$1.7B$1.7B$1.8B
Other non-current assets$60.1M$64.7M$78.5M$98.3M$112.8M$124.9M
Property and equipment, net$1.3B$1.2B$1.3B$1.3B$1.4B$1.4B
Software and Technology Licenses, Net$60.1M$64.7M$78.5M$98.3M$112.8M$124.9M
Total assets$6.0B$6.0B$6.0B$6.6B$7.0B$7.0B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating lease liabilities, non-current$1.7B$1.6B$1.7B$1.7B$1.7B$1.8B
Other non-current liabilities$65.0M$56.1M$57.1M$60.7M$63.4M$59.6M
Total liabilities$3.6B$3.5B$3.6B$4.0B$4.4B$4.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred compensation plan assets$48.9M$48.0M$47.5M$50.6M$52.7M$53.4M
Deferred income taxes$91.7M$42.6M$46.0M$49.2M$45.3M$98.8M