ETSY INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.9B | $2.8B | $2.7B | $2.6B | $2.3B |
| Cost of revenue | $817.8M | $774.6M | $828.7M | $744.6M | $654.5M |
| Gross profit | $2.1B | $2.0B | $1.9B | $1.8B | $1.7B |
| Research and development | $450.2M | $443.1M | $469.3M | $412.4M | $271.5M |
| Operating expenses | $1.8B | $1.7B | $1.6B | $2.5B | $1.2B |
| Operating income | $266.2M | $380.2M | $279.8M | -$658.6M | $465.7M |
| Interest expense | $18.5M | $13.8M | $14.0M | $14.2M | $9.9M |
| Pretax income | $246.7M | $410.8M | $292.8M | -$662.0M | $471.7M |
| Income tax expense | $83.7M | $107.5M | -$14.7M | $32.3M | -$21.9M |
| Net income | $163.0M | $303.3M | $307.6M | -$694.3M | $493.5M |
| Balance Sheet | |||||
| Cash and equivalents | $1.4B | $811.2M | $914.3M | $921.3M | $780.2M |
| Current assets | $2.0B | $1.3B | $1.6B | $1.5B | $1.3B |
| Total assets | $2.8B | $2.4B | $2.7B | $2.6B | $3.8B |
| Current liabilities | $1.4B | $665.1M | $710.8M | $631.8M | $615.6M |
| Total liabilities | $3.9B | $3.2B | $3.2B | $3.2B | $3.2B |
| Total debt | $3.0B | — | — | — | — |
| Stockholders' equity | -$1.1B | -$758.9M | -$543.7M | -$547.3M | $628.6M |
| Cash Flow Statement | |||||
| Cash from operations | $693.4M | $752.5M | $705.5M | $683.6M | $651.6M |
| Depreciation and amortization | $101.8M | $108.1M | $91.3M | $96.7M | $74.3M |
| Stock-based compensation | $244.7M | $282.8M | $284.6M | $230.9M | $139.9M |
| Capital expenditure | $15.4M | $14.2M | $12.9M | $10.2M | $11.2M |
| Free cash flow | $678.0M | $738.3M | $692.6M | $673.4M | $640.3M |
| Dividends paid | — | — | — | $0 | $0 |
| Share repurchases | $776.9M | $723.9M | $577.0M | $425.7M | $302.8M |
| Impairments | $101.7M | $0 | $68.1M | $1.0B | $0 |
Shares outstanding 94.9M · Free float 87.7%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.