What is Etsy's cash ratio?

Etsy (ETSY) reported cash ratio of 1× in Q1 2026.

How has Etsy's cash ratio changed year-over-year?

Etsy's cash ratio decreased by 22.3% year-over-year, from 1.3× to 1×.

What is the long-term trend for Etsy's cash ratio?

Over 5 years (2020 to 2025), Etsy's cash ratio has grown at a -18.4% compound annual growth rate (CAGR), from 2.7× to 1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Etsy ETSY Cash ratio

Cash ratio at other companies

AmazonAMZN

0.5×+0.1×

eBayEBAY

0.8×+0.1×

Pinterest, Inc.PINS

0.7×-2.4×

ShopifySHOP

1.3×+0.7×

WayfairW

0.5×-0.1×

Mercado LibreMELI

0.5×+0.2×

Other financials

Income statement

See full

Revenue$631.3M+3.1%

Gross profit$455.6M+2.5%

Operating income$119.8M+3,194%

Net income$69.7M+234%

EPS (diluted)$0.60+222%

Balance sheet

See full

Cash & equivalents$1.2B+87.1%

Total debt$3.7B+56.0%

Total equity-$1.1B-24.9%

Total assets$2.7B+26.4%

Cash flow

See full

Operating cash flow$80.7M+64.2%

CapEx$1.5M-54.3%

Free cash flow$79.3M+72.5%

Valuation

See full

Market cap$7.02B-4.8%

Enterprise value$9.53B+7.8%

P/E24.6×-14.5×

P/S2.5×-0.2×

Profitability

See full

Gross margin72%-0.8pp

Operating margin14.3%+3.2pp

Net margin9.9%+3.2pp

FCF margin24.8%-1.0pp

Returns & leverage

See full

Return on equity73.9%-17.6pp

Debt / equity4.1×-0.3×

Current ratio1.7×-0.4×

Where this comes from

Calculated from Etsy’s reported figures.

cash and equivalents/total current liabilities=1×

Based on the most recent quarter.

The official record: Etsy’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

Ask your AI about Etsy's cash ratio.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Etsy's cash ratio?: Etsy (ETSY) reported cash ratio of 1× in Q1 2026.
How has Etsy's cash ratio changed year-over-year?: Etsy's cash ratio decreased by 22.3% year-over-year, from 1.3× to 1×.
What is the long-term trend for Etsy's cash ratio?: Over 5 years (2020 to 2025), Etsy's cash ratio has grown at a -18.4% compound annual growth rate (CAGR), from 2.7× to 1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.