What is Equinix, Inc.'s contract assets?

Equinix, Inc. (EQIX) reported contract assets of $61.00M in Q3 2025.

How has Equinix, Inc.'s contract assets changed year-over-year?

Equinix, Inc.'s contract assets decreased by 32.2% year-over-year, from $90.00M to $61.00M.

What is the long-term trend for Equinix, Inc.'s contract assets?

Over 4 years (2020 to 2024), Equinix, Inc.'s contract assets has grown at a 65.7% compound annual growth rate (CAGR), from $13.53M to $102.00M.

What does contract assets mean?

Revenue earned for work performed but not yet billed to the customer.

Discontinued — last reported Q3 '23

Current Assets

Contract Assets

Equinix, Inc. Contract Assets decreased by 27.4% to $61.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 32.2%, from $90.00M to $61.00M. Over 4 years (FY 2020 to FY 2024), Contract Assets shows an upward trend with a 65.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

CategoryEfficiency

SignalHigher is better

VolatilityModerate

First reportedQ4 2018

Last reportedQ3 2023

How to read this metric

An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.

Detailed definition

This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...

Peer comparison

Standard for companies with long-term service or construction-type contracts.

Metric ID: contract_assets

Historical Data

18 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25
Value	$33.61M	$49.79M	$65.39M	$65.95M	$66.69M	$64.05M	$27.61M	$28.62M	$34.34M	$31.37M	$52.00M	$59.00M	$88.00M	$90.00M	$102.00M	$112.00M	$84.00M	$61.00M
QoQ Change	—	+48.1%	+31.3%	+0.9%	+1.1%	-4.0%	-56.9%	+3.7%	+20.0%	-8.7%	+65.8%	+13.5%	+49.2%	+2.3%	+13.3%	+9.8%	-25.0%	-27.4%
YoY Change	—	—	—	—	+98.4%	+28.6%	-57.8%	-56.6%	-48.5%	-51.0%	+88.4%	+106.2%	+156.2%	+186.9%	+96.2%	+89.8%	-4.5%	-32.2%

Range$27.61M – $112.00M

CAGR+15.1%

Avg YoY Growth+42.9%

Median YoY Growth+58.5%

Current Streak2 quarters decline

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Frequently Asked Questions

What is Equinix, Inc.'s contract assets?: Equinix, Inc. (EQIX) reported contract assets of $61.00M in Q3 2025.
How has Equinix, Inc.'s contract assets changed year-over-year?: Equinix, Inc.'s contract assets decreased by 32.2% year-over-year, from $90.00M to $61.00M.
What is the long-term trend for Equinix, Inc.'s contract assets?: Over 4 years (2020 to 2024), Equinix, Inc.'s contract assets has grown at a 65.7% compound annual growth rate (CAGR), from $13.53M to $102.00M.
What does contract assets mean?: Revenue earned for work performed but not yet billed to the customer.