Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

Paying user area

Try for free

T-Mobile US Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check

T-Mobile US Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Accounts receivable, net of allowance for credit losses
Equipment installment plan receivables, net of allowance for credit losses and imputed discount
Inventory
Prepaid expenses
Other current assets
Current assets
Property and equipment, net
Financing lease right-of-use assets
Property and equipment, net, including financing lease right-of-use assets
Operating lease right-of-use assets
Goodwill
Spectrum licenses
Other intangible assets, net
Intangible assets, net
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The asset structure is characterized by a heavy concentration in long-term, intangible assets, which consistently represent the vast majority of the total asset base, typically ranging between 87% and 92%. There is a discernible strategic shift over the analyzed period, with a gradual reduction in the relative weight of tangible fixed assets and an increase in the prominence of spectrum licenses and other intangible assets.

Intangible Assets and Spectrum Licenses
Spectrum licenses constitute the largest single component of the balance sheet. This item expanded from 40.77% in March 2021 to a peak of 48.34% in December 2024, before settling at 45.97% by June 2026. Total net intangible assets followed a similar upward trajectory, rising from 43.18% to 47.52% over the period. Goodwill remained relatively stable, exhibiting a slight upward trend from 5.49% to 6.40%, indicating a consistent valuation of acquired entities relative to the total asset base.
Tangible Fixed Assets and Right-of-Use Assets
A sustained downward trend is observed in property and equipment, net, which declined from 19.94% in March 2021 to 17.15% in June 2026. Similarly, operating lease right-of-use assets decreased from 13.67% to 11.52% over the same interval. Financing lease right-of-use assets remained relatively flat, fluctuating within a narrow band between 1.26% and 1.71%. This suggests that tangible capital investments and leased assets are becoming a smaller proportion of the total asset mix.
Current Assets and Liquidity
Current assets exhibit moderate volatility, ranging from a low of 8.29% in March 2022 to a high of 12.79% in March 2025. This volatility is primarily driven by cash and cash equivalents, which fluctuated significantly from a high of 5.59% in March 2025 to a low of 1.32% in June 2026. Accounts receivable and equipment installment plan receivables remained remarkably stable, generally hovering around 2.0% to 2.5% of total assets, indicating a consistent credit and collection cycle relative to company growth.
Other Asset Categories
Inventory levels remained low and stable, generally staying below 1.3%. A notable increase is observed in other current assets, which rose from 0.87% in March 2021 to 2.70% in June 2026. Other long-term assets also showed increased prominence in the latter half of the period, rising to 4.67% by June 2026 after having dipped to as low as 1.51% in September 2021.