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NetApp NTAP Prepaid & Other Current

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Other financials

Income statement

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Revenue$1.9B+12.5%
Gross profit$1.4B+14.4%
Operating income$532.0M+52.9%
Net income$404.0M+18.8%
EPS (diluted)$2.03+23.8%

Balance sheet

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Cash & equivalents$2.1B-24.5%
Total debt$2.7B-21.7%
Total equity$1.4B+29.9%
Total assets$10.7B-0.7%

Cash flow

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Operating cash flow$950.0M+40.7%
CapEx$50.0M+42.9%
Free cash flow$900.0M+40.6%

Valuation

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Market cap$36.62B+77.1%
Enterprise value$37.28B+74.7%
P/E28.7×+11.0×
P/S5.3×+2.2×

Profitability

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Gross margin70.7%+0.6pp
Operating margin24.2%+3.8pp
Net margin18.4%+0.4pp
FCF margin27%+6.6pp

Returns & leverage

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Return on equity106.7%-1.8pp
Debt / equity-1.3×
Current ratio1.4×+0.2×

Where this comes from

Reported directly by NetApp in its filing.

Tagged under the XBRL concept us-gaap:OtherAssetsCurrent.

The source filing: NetApp’s 10-K, filed June 5, 2026.

Filed
Jun 5, 2026, 4:30 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-259683
Line itemApril 24, 2026April 25, 2025
Short-term investments1,5141,104
Accounts receivable1,2861,246
Inventories198186
Other current assets708573
Total current assets5,7765,851
Property and equipment, net592563
Goodwill2,7722,723
Purchased intangible assets, net2243

Item 8. Financial Statements and Supplementary Data

FAQ

What is NetApp's prepaid & other current?
NetApp (NTAP) reported prepaid & other current of $708M in Q1 2026.
How has NetApp's prepaid & other current changed year-over-year?
NetApp's prepaid & other current increased by 23.6% year-over-year, from $573M to $708M.
What is the long-term trend for NetApp's prepaid & other current?
Over 5 years (2021 to 2026), NetApp's prepaid & other current has grown at a 15.4% compound annual growth rate (CAGR), from $346M to $708M.
What does prepaid & other current mean?
Advance payments for expenses (rent, insurance, subscriptions) plus miscellaneous current assets not classified elsewhere.

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