TW: the balance sheet

MyFinsight

For the year ending 2025-12-31, TW has $8,189,557K in assets. $1,000,320K in debts. $2,084,739K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31
Cash and cash equivalents	2,084,739
Restricted cash	1,000
Receivable from brokers and dealers and clearing organizations	8,630
Deposits with clearing organizations	58,282
Accounts receivable, net of allowance for credit losses of 587 and 447 at december31, 2025 and 2024, respectively	257,845
Furniture, equipment, purchased software and leasehold improvements, net of accumulated depreciation and amortization	78,193
Lease right-of-use assets	123,065
Software development costs, net of accumulated amortization	270,295
Goodwill	3,150,112
Intangible assets, net of accumulated amortization	1,148,015
Receivable and due from related parties	8,303
Deferred tax asset	568,832
Digital assets and other investments at fair value	291,997
Other assets	140,249
Total assets	8,189,557

Payable to brokers and dealers and clearing organizations	3,363
Accrued compensation	251,169
Deferred revenue	29,030
Accounts payable, accrued expenses and other liabilities	183,970
Lease liabilities	139,168
Payable and due to related parties	7,090
Deferred tax liability	50,011
Tax receivable agreement liability	336,519
Total liabilities	1,000,320
Common stock-Common Class A	1
Common stock-Common Class B	1
Common stock-Common Class C	0
Common stock-Common Class D	0
Additional paid-in capital	4,895,810
Accumulated other comprehensive income (loss)	10,899
Retained earnings	1,601,044
Total stockholders equity attributable to tradeweb markets inc	6,507,755
Non-controlling interests	681,482
Total equity	7,189,237
Total liabilities and equity	8,189,557

Unit: Thousand (K) dollars