TSLA financial statements

The full income statement, balance sheet, and cash-flow statement for Tesla Inc. (TSLA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 3.19B2024-09 3.21B2024-12 3.22B2025-03 3.22B2025-06 3.23B2025-09 3.33B2025-12 3.75B2026-03 3.76B2026-06 3.95B+23.6% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	94.8B YoY-2.9%	97.7B YoY+0.9%	96.8B YoY+18.8%	81.5B YoY+51.4%	53.8B YoY+70.7%
	17.1B YoY-2.0%	17.4B YoY-1.2%	17.7B YoY-15.3%	20.9B YoY+53.3%	13.6B YoY+105.2%
Cost of revenue	77.7B YoY-3.1%	80.2B YoY+1.4%	79.1B YoY+30.5%	60.6B YoY+50.7%	40.2B YoY+61.5%
	12.7B YoY+22.8%	10.4B YoY+18.3%	8.77B YoY+21.8%	7.20B YoY+1.6%	7.08B YoY+52.8%
Research & development	6.41B YoY+41.2%	4.54B YoY+14.4%	3.97B YoY+29.1%	3.08B YoY+18.6%	2.59B YoY+73.9%
Selling, general & administrative	5.83B YoY+13.3%	5.15B YoY+7.3%	4.80B YoY+21.6%	3.95B YoY-12.6%	4.52B YoY+43.6%
Restructuring	390M	—	—	—	—
Amortization of intangibles	—	—	—	—	51.0M YoY+0.0%
Operating income	4.36B YoY-38.5%	7.08B YoY-20.4%	8.89B YoY-34.9%	13.7B YoY+109.4%	6.52B YoY+227.1%
Interest expense	338M YoY-3.4%	350M YoY+124.4%	156M YoY-18.3%	191M YoY-48.5%	371M YoY-50.4%
Interest & investment income	1.68B YoY+7.1%	1.57B YoY+47.2%	1.07B YoY+258.9%	297M YoY+430.4%	56.0M YoY+86.7%
Other non-operating income	-419M YoY-160.3%	695M YoY+304.1%	172M YoY+500.0%	-43.0M YoY-131.9%	135M YoY+210.7%
Gain (loss) on equity securities	—	—	—	—	-1.00M
Pre-tax income	5.28B YoY-41.3%	8.99B YoY-9.9%	9.97B YoY-27.3%	13.7B YoY+116.3%	6.34B YoY+449.7%
Income tax	1.42B YoY-22.5%	1.84B YoY+136.7%	-5.00B YoY-541.8%	1.13B YoY+61.9%	699M YoY+139.4%
	3.79B YoY-46.5%	7.09B YoY-52.7%	15.0B YoY+19.4%	12.6B YoY+127.5%	5.52B YoY+665.5%
Net income to non-controlling interest	61.0M YoY-1.6%	62.0M YoY+369.6%	-23.0M YoY-174.2%	31.0M YoY-75.2%	125M YoY-11.3%
Net income to common	3.79B YoY-46.8%	7.13B YoY-52.5%	15.0B YoY+19.2%	12.6B YoY+127.8%	5.52B YoY+700.6%
	$1.08 YoY-47.1%	$2.04 YoY-52.6%	$4.30 YoY+18.8%	$3.62 YoY+122.1%	$1.63 YoY+676.2%
EPS (basic)	$1.18 YoY-47.1%	$2.23 YoY-52.9%	$4.73 YoY+17.7%	$4.02 YoY+115.0%	$1.87 YoY+648.0%
	3.23B YoY+0.9%	3.20B YoY+0.7%	3.17B YoY+1.4%	3.13B YoY+5.8%	2.96B YoY+5.8%
	3.53B YoY+0.9%	3.50B YoY+0.4%	3.48B YoY+0.3%	3.48B YoY+2.6%	3.39B YoY+4.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	68.6B YoY+17.6%	58.4B YoY+17.6%	49.6B YoY+21.3%	40.9B YoY+51.0%	27.1B YoY+1.4%
Cash & equivalents	16.5B YoY+2.3%	16.1B YoY-1.6%	16.4B YoY+0.9%	16.3B YoY-7.5%	17.6B YoY-9.3%
Short-term investments	27.5B YoY+34.9%	20.4B YoY+60.9%	12.7B YoY+114.0%	5.93B YoY+4428.2%	131M
Accounts receivable	4.58B YoY+3.6%	4.42B YoY+25.9%	3.51B YoY+18.8%	2.95B YoY+54.3%	1.91B YoY+1.4%
Inventory	12.4B YoY+3.1%	12.0B YoY-11.8%	13.6B YoY+6.1%	12.8B YoY+123.0%	5.76B YoY+40.4%
Prepaid expenses	7.62B YoY+42.0%	5.36B YoY+58.3%	3.39B YoY+15.2%	2.94B YoY+70.7%	1.72B YoY+28.0%
	138B YoY+12.9%	122B YoY+14.5%	107B YoY+29.5%	82.3B YoY+32.5%	62.1B YoY+19.1%
Property, plant & equipment	—	35.8B YoY+20.6%	29.7B YoY+26.2%	23.5B YoY+24.7%	18.9B YoY+48.1%
Operating lease right-of-use	6.03B YoY+16.8%	5.16B YoY+23.4%	4.18B YoY+63.1%	2.56B YoY+27.1%	2.02B YoY+29.4%
Goodwill	257M YoY+5.3%	244M YoY-3.6%	253M YoY+30.4%	194M YoY-3.0%	200M YoY-3.4%
Intangible assets	124M YoY-17.3%	150M YoY-15.7%	178M YoY-17.2%	215M YoY-16.3%	257M YoY-17.9%
Deferred tax assets	6.92B YoY+6.1%	6.52B YoY-2.1%	6.67B YoY+1932.3%	328M	—
Other non-current assets	5.04B YoY+9.5%	4.61B YoY+1.7%	4.53B YoY+17.2%	3.87B YoY+80.8%	2.14B YoY+39.2%
	31.7B YoY+10.0%	28.8B YoY+0.3%	28.7B YoY+7.6%	26.7B YoY+35.5%	19.7B YoY+38.3%
Accounts payable	13.4B YoY+7.2%	12.5B YoY-13.6%	14.4B YoY-5.4%	15.3B YoY+52.2%	10.0B YoY+65.7%
Deferred revenue	3.42B YoY+8.1%	3.17B YoY+10.6%	2.86B YoY+63.9%	1.75B YoY+20.7%	1.45B YoY-0.8%
Short-term & current debt	1.57B YoY-33.0%	2.34B YoY+18.6%	1.98B YoY+94.4%	1.02B YoY-6.6%	1.09B YoY-38.1%
Current lease liability	954M YoY+18.2%	807M YoY+20.1%	672M YoY+38.6%	485M YoY+31.8%	368M YoY+28.7%
Other current liabilities	1.93B YoY+24.7%	1.55B YoY+199.6%	517M YoY+46.0%	354M YoY+14.2%	310M YoY+17.4%
Finance lease liability (current)	71.0M YoY-37.2%	113M YoY-71.6%	398M YoY-18.1%	486M YoY-3.0%	501M YoY+34.0%
	54.9B YoY+13.5%	48.4B YoY+12.5%	43.0B YoY+18.0%	36.4B YoY+19.3%	30.5B YoY+7.5%
Long-term debt	6.58B YoY+19.0%	5.54B YoY+106.4%	2.68B YoY+160.6%	1.03B YoY-75.8%	4.25B YoY-49.7%
Deferred revenue (non-current)	3.63B YoY+9.5%	3.32B YoY+2.0%	3.25B YoY+15.9%	2.80B YoY+36.6%	2.05B YoY+59.8%
Non-current lease liability	5.39B YoY+17.1%	4.60B YoY+25.4%	3.67B YoY+69.6%	2.16B YoY+29.5%	1.67B YoY+33.3%
Operating lease liability (total)	6.34B YoY+17.2%	5.41B YoY+24.6%	4.34B YoY+63.9%	2.65B YoY+29.9%	2.04B YoY+32.4%
Finance lease liability (total)	223M YoY-33.4%	335M YoY-41.5%	573M YoY-45.6%	1.05B YoY-29.4%	1.49B YoY+1.6%
Finance lease liability	152M YoY-31.5%	222M YoY+26.9%	175M YoY-69.2%	568M YoY-42.7%	991M YoY-9.4%
Other non-current liabilities	12.9B YoY+22.5%	10.5B YoY+28.7%	8.15B YoY+53.0%	5.33B YoY+50.3%	3.55B YoY+6.5%
	82.1B YoY+12.7%	72.9B YoY+16.4%	62.6B YoY+40.1%	44.7B YoY+48.1%	30.2B YoY+35.8%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY+200.0%
Additional paid-in capital	42.8B YoY+11.5%	38.4B YoY+10.0%	34.9B YoY+8.4%	32.2B YoY+8.0%	29.8B YoY+9.3%
Retained earnings	39.0B YoY+10.8%	35.2B YoY+25.2%	28.1B YoY+118.2%	12.9B YoY+3816.4%	329M YoY+106.1%
Accumulated other comprehensive income	361M YoY+153.9%	-670M YoY-368.5%	-143M YoY+60.4%	-361M YoY-768.5%	54.0M YoY-85.1%
Non-controlling interest	670M YoY-4.8%	704M YoY-4.0%	733M YoY-6.6%	785M YoY-5.0%	826M YoY-2.8%
Total equity incl. non-controlling	82.8B YoY+12.5%	73.6B YoY+16.2%	63.4B YoY+39.3%	45.5B YoY+46.7%	31.0B YoY+34.4%
Total liabilities & equity	138B YoY+12.9%	122B YoY+14.5%	107B YoY+29.5%	82.3B YoY+32.5%	62.1B YoY+19.1%
	3.75B YoY+16.6%	3.22B YoY+1.0%	3.19B YoY+0.7%	3.16B YoY+2.1%	3.10B YoY+7.6%
	3.75B YoY+16.6%	3.22B YoY+1.0%	3.19B YoY+0.7%	3.16B YoY+2.1%	3.10B YoY+7.6%
	3.75B YoY+16.7%	3.22B YoY+1.0%	3.18B YoY+0.7%	3.16B YoY+2.1%	3.10B YoY+7.7%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	14.7B YoY-1.2%	14.9B YoY+12.6%	13.3B YoY-10.0%	14.7B YoY+28.1%	11.5B YoY+93.5%
Depreciation & amortization	5.03B YoY+22.1%	4.12B YoY+23.7%	3.33B YoY+37.6%	2.42B YoY+23.4%	1.96B YoY+21.0%
Intangible amortization	—	—	—	—	51.0M YoY+0.0%
Share-based compensation	2.83B YoY+41.3%	2.00B YoY+10.3%	1.81B YoY+16.2%	1.56B YoY-26.4%	2.12B YoY+22.3%
Deferred income taxes	123M YoY-74.2%	477M YoY+107.5%	-6.35B YoY-3139.3%	-196M YoY-31.5%	-149M YoY-472.5%
Change in receivables	261M YoY-75.9%	1.08B YoY+84.8%	586M YoY-47.9%	1.12B YoY+764.6%	130M YoY-80.1%
Change in inventory	630M YoY+167.2%	-937M YoY-178.4%	1.20B YoY-81.5%	6.46B YoY+278.3%	1.71B YoY+305.0%
	-15.5B YoY+17.6%	-18.8B YoY-20.6%	-15.6B YoY-30.2%	-12.0B YoY-52.2%	-7.87B YoY-151.2%
Capital expenditure	8.53B YoY-24.8%	11.3B YoY+27.5%	8.90B YoY+24.3%	7.16B YoY+10.4%	6.48B YoY+105.3%
Free cash flow	6.22B YoY+73.7%	3.58B YoY-17.8%	4.36B YoY-42.4%	7.57B YoY+50.9%	5.01B YoY+80.0%
Acquisitions	0.00	0.00 YoY-100.0%	64.0M	0.00	0.00 YoY-100.0%
Purchases of investments	37.1B YoY+3.2%	36.0B YoY+88.1%	19.1B YoY+227.5%	5.83B YoY+4320.5%	132M
Sales/maturities of investments	30.2B YoY+6.5%	28.3B YoY+129.2%	12.4B YoY+56050.0%	22.0M	0.00
	1.14B YoY-70.4%	3.85B YoY+48.8%	2.59B YoY+173.4%	-3.53B YoY+32.2%	-5.20B YoY-152.2%
Long-term debt issued	5.59B YoY-2.8%	5.74B YoY+46.1%	3.93B	0.00 YoY-100.0%	8.88B YoY-8.5%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Net change in cash	579M YoY+480.9%	-152M YoY-157.4%	265M YoY+121.7%	-1.22B YoY+30.6%	-1.76B YoY-113.4%
Interest paid	292M YoY+5.4%	277M YoY+119.8%	126M YoY-17.1%	152M YoY-42.9%	266M YoY-40.1%
Income taxes paid	1.23B YoY-7.4%	1.33B YoY+18.8%	1.12B YoY-6.9%	1.20B YoY+114.4%	561M YoY+387.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	1.69T YoY+29.9%	1.30T YoY+64.4%	790B YoY+103.1%	389B YoY-64.4%	1.09T YoY+61.2%
P/E	444.8× YoY+142.8%	183.2× YoY+149.4%	73.4× YoY+111.3%	34.8× YoY-82.4%	197.9× YoY-78.9%
P/S	17.8× YoY+33.8%	13.3× YoY+61.5%	8.2× YoY+58.5%	5.2× YoY-74.4%	20.3× YoY-5.5%
P/B	20.5× YoY+15.3%	17.8× YoY+20.6%	14.8× YoY+51.4%	9.8× YoY-73.0%	36.2× YoY+18.7%
P/FCF	271.3× YoY-25.2%	362.7× YoY+70.6%	212.7× YoY+387.8%	43.6× YoY-80.0%	217.8× YoY-10.4%
	0.22% YoY-58.8%	0.55% YoY-59.9%	1.4% YoY-52.7%	2.9% YoY+469.3%	0.51% YoY+374.7%
	0.37% YoY+33.7%	0.28% YoY-41.4%	0.47% YoY-79.5%	2.3% YoY+399.5%	0.46% YoY+11.6%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: TSLA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TSLA filings on SEC EDGAR → Not investment advice.