Etsy, Inc. (ETSY) - Net Assets
Based on the latest financial reports, Etsy, Inc. (ETSY) has net assets worth $-1.14 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.68 Billion) and total liabilities ($3.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Etsy, Inc. (ETSY) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.14 Billion |
| % of Total Assets | -42.4% |
| Annual Growth Rate | N/A |
| 5-Year Change | -274.68% |
| 10-Year Change | -418.51% |
| Growth Volatility | 1093.69 |
Etsy, Inc. - Net Assets Trend (2012–2025)
This chart illustrates how Etsy, Inc.'s net assets have evolved over time, based on quarterly financial data. See Etsy, Inc. defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Etsy, Inc. (2012–2025)
The table below shows the annual net assets of Etsy, Inc. from 2012 to 2025. For live valuation and market cap data, see Etsy, Inc. (ETSY) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-1.10 Billion | -44.70% |
| 2024-12-31 | $-758.87 Million | -39.57% |
| 2023-12-31 | $-543.72 Million | +0.65% |
| 2022-12-31 | $-547.27 Million | -187.06% |
| 2021-12-31 | $628.62 Million | -15.33% |
| 2020-12-31 | $742.42 Million | +82.58% |
| 2019-12-31 | $406.63 Million | +1.43% |
| 2018-12-31 | $400.90 Million | +1.01% |
| 2017-12-31 | $396.89 Million | +15.12% |
| 2016-12-31 | $344.76 Million | +4.31% |
| 2015-12-31 | $330.50 Million | +121.48% |
| 2014-12-31 | $149.22 Million | +3627.70% |
| 2013-12-31 | $4.00 Million | -95.05% |
| 2012-12-31 | $80.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Etsy, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 238800900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $97.00K | % |
| Other Comprehensive Income | $-226.38 Million | % |
| Other Components | $1.53 Billion | % |
| Total Equity | $-1.10 Billion | 100.00% |
Etsy, Inc. Competitors by Market Cap
The table below lists competitors of Etsy, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Glass Ind Corp
TW:1802
|
$6.53 Billion |
|
Enpro Industries
NYSE:NPO
|
$6.53 Billion |
|
Mirum Pharmaceuticals Inc
NASDAQ:MIRM
|
$6.53 Billion |
|
Lithia Motors Inc
NYSE:LAD
|
$6.54 Billion |
|
Shenergy Co Ltd
SHG:600642
|
$6.53 Billion |
|
New China Life Insurance Company Ltd
F:NCL
|
$6.53 Billion |
|
Cpi Property Group SA
XETRA:O5G
|
$6.53 Billion |
|
Zhejiang Yinlun Machinery Co Ltd
SHE:002126
|
$6.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Etsy, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -758,866,000 to -1,098,095,000, a change of -339,229,000.
- Net income of 162,982,000 contributed positively to equity growth.
- Share repurchases of 776,899,000 reduced equity.
- Other comprehensive income increased equity by 71,371,000.
- Other factors increased equity by 203,317,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $162.98 Million | +14.84% |
| Share Repurchases | $776.90 Million | -70.75% |
| Other Comprehensive Income | $71.37 Million | +6.5% |
| Other Changes | $203.32 Million | +18.52% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Etsy, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $2.16 | $73.95 | x |
| 2013-12-31 | $0.04 | $73.95 | x |
| 2014-12-31 | $1.59 | $73.95 | x |
| 2015-12-31 | $3.63 | $73.95 | x |
| 2016-12-31 | $3.04 | $73.95 | x |
| 2017-12-31 | $3.25 | $73.95 | x |
| 2018-12-31 | $3.15 | $73.95 | x |
| 2019-12-31 | $3.23 | $73.95 | x |
| 2020-12-31 | $5.44 | $73.95 | x |
| 2021-12-31 | $4.29 | $73.95 | x |
| 2022-12-31 | $-4.32 | $73.95 | x |
| 2023-12-31 | $-3.88 | $73.95 | x |
| 2024-12-31 | $-5.76 | $73.95 | x |
| 2025-12-31 | $-8.89 | $73.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Etsy, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.65%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (9.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -2.95% | -3.20% | 0.81x | 1.15x | $-10.47 Million |
| 2013 | -19.89% | -0.64% | 1.18x | 26.52x | $-1.20 Million |
| 2014 | -10.22% | -7.79% | 0.79x | 1.67x | $-30.16 Million |
| 2015 | -16.36% | -19.77% | 0.49x | 1.67x | $-87.11 Million |
| 2016 | -8.67% | -8.19% | 0.63x | 1.69x | $-64.38 Million |
| 2017 | 20.61% | 18.54% | 0.73x | 1.53x | $42.11 Million |
| 2018 | 19.33% | 12.84% | 0.67x | 2.25x | $37.40 Million |
| 2019 | 23.58% | 11.72% | 0.53x | 3.79x | $55.23 Million |
| 2020 | 47.04% | 20.24% | 0.72x | 3.24x | $275.00 Million |
| 2021 | 78.51% | 21.19% | 0.61x | 6.10x | $430.65 Million |
| 2022 | 0.00% | -27.06% | 0.97x | 0.00x | $-639.56 Million |
| 2023 | 0.00% | 11.19% | 1.02x | 0.00x | $361.94 Million |
| 2024 | 0.00% | 10.80% | 1.16x | 0.00x | $379.17 Million |
| 2025 | 0.00% | 5.65% | 1.02x | 0.00x | $272.79 Million |
Industry Comparison
This section compares Etsy, Inc.'s net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $2,910,412,019
- Average return on equity (ROE) among peers: -59.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Etsy, Inc. (ETSY) | $-1.14 Billion | -2.95% | N/A | $6.53 Billion |
| Winamp Group SA (ALPET) | $997.96K | 8.88% | 5.88x | $13.13 Million |
| Amazon.com Inc (AMZN) | $138.75 Million | -89.77% | 3.67x | $2.63 Trillion |
| Beyond, Inc. (BYON) | $30.96 Million | 47.38% | 4.88x | $541.91 Million |
| Baozun Inc (BZUN) | $1.57 Billion | 5.51% | 0.51x | $138.03 Million |
| Maplebear Inc. (CART) | $2.52 Billion | 17.75% | 0.46x | $9.93 Billion |
| Chewy Inc (CHWY) | $14.74 Million | -510.36% | 140.58x | $4.23 Billion |
| Coupang LLC (CPNG) | $-3.53 Billion | 0.00% | 0.00x | $28.56 Billion |
| Dada Nexus Ltd (DADA) | $3.79 Billion | -65.22% | 0.39x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $4.67 Billion | -10.03% | 0.46x | $67.36 Billion |
| eBay Inc (EBAY) | $19.91 Billion | 0.23% | 1.27x | $48.01 Billion |
About Etsy, Inc.
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, and internationally. It operates through Etsy and Depop segments. The company operates Etsy marketplace that connects artisans with various consumers; and Depop, a fashion resale marketplace. It also provides marketplace activities, including… Read more