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Block XYZ Cash App — Amortization of acquired technology assets

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Other financials

Income statement

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Revenue$6.1B+4.9%
Gross profit$2.9B+27.1%
Operating income-$172.0M-152%
Net income-$308.7M-263%
EPS (diluted)-$0.52-273%

Balance sheet

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Cash & equivalents$13.5B+3.1%
Total debt$6.0B+10.9%
Total equity$21.7B+1.1%
Total assets$40.0B+9.9%

Cash flow

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Operating cash flow$965.6M+624%
CapEx$30.6M-4.1%
Free cash flow$935.0M+822%

Valuation

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Market cap$46.32B+15.3%
Enterprise value$38.84B+21.8%
P/E57.4×+43.8×
P/S1.9×+0.2×

Profitability

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Gross margin44.9%+6.9pp
Operating margin4.9%+0.9pp
Net margin3.3%-7.6pp
FCF margin13.3%+8.3pp

Returns & leverage

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Return on equity3.7%-9.2pp
Debt / equity0.3×0.0×
Current ratio-0.3×

Where this comes from

Reported directly by Block in its filing.

Tagged under the XBRL concept us-gaap:AdjustmentForAmortization.

The official record: Block’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Block's cash app — amortization of acquired technology assets?
Block (XYZ) reported cash app — amortization of acquired technology assets of $11.67M in Q1 2026.
How has Block's cash app — amortization of acquired technology assets changed year-over-year?
Block's cash app — amortization of acquired technology assets decreased by 11.4% year-over-year, from $13.17M to $11.67M.
What is the long-term trend for Block's cash app — amortization of acquired technology assets?
Over 2 years (2023 to 2025), Block's cash app — amortization of acquired technology assets has grown at a -4.2% compound annual growth rate (CAGR), from $56.14M to $51.55M.
What does cash app — amortization of acquired technology assets mean?
This represents the non-cash expense related to the systematic write-down of intangible technology assets acquired through business combinations. It reflects the cost allocation of intellectual property and software platforms integrated into the consumer segment over their estimated useful lives.