Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.

Meta Platforms, Inc.

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	12,005	43,889	32,045	41,862	28,785	14,681
Cash and Cash Equivalents
Short-Term Investments	35,066	33,926	26,035	23,541	24,661	26,057
Marketable Securities
Total Cash and Cash Equivalents	47,071	77,815	58,080	65,403	53,446	40,738
Accounts Receivable	16,561	16,994	14,505	16,169	12,511	13,466
Accounts Receivable, Net
Total Trade Receivables	16,561	16,994	14,505	16,169	12,511	13,466
Other Current Assets	9,981	5,236	3,846	3,793	3,603	5,345
Prepaid Expenses and Other Current Assets
Total Current Assets	73,613	100,045	76,431	85,365	69,560	59,549
Total Current Assets
Net Property, Plant & Equipment	162,701	136,268	117,017	109,881	100,904	92,191
Property and Equipment, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	—	—	—	—	856	897
Intangible Assets, Net
Goodwill	20,654	20,654	20,654	20,654	20,659	20,306
Goodwill
Long-Term Investments	21,988	6,070	6,207	6,141	6,208	6,201
Non-Marketable Equity Investments
Other Long-Term Assets	15,788	13,017	9,929	7,582	8,501	6,583
Other Assets
Total Assets	294,744	276,054	230,238	229,623	206,688	185,727
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accounts Payable	10,271	7,687	3,173	4,849	3,093	4,990
Accounts Payable
Accrued Expenses	25,057	23,967	21,914	25,488	24,660	19,552
Accrued Expenses and Other Current Liabilities
Current Portion of Leases	1,977	1,942	1,917	1,623	1,396	1,367
Operating Lease Liabilities, Current
Unearned Revenue	—	—	—	—	—	—
Deferred Revenue and Deposits
Other Current Liabilities	—	—	—	—	772	1,117
Partners Payable
Total Current Liabilities	37,305	33,596	27,004	31,960	29,921	27,026
Total Current Liabilities
Long-Term Debt	28,832	28,826	18,389	18,385	18,382	9,923
Long-Term Debt
Leases	18,751	18,292	17,685	17,226	16,440	15,301
Operating Lease Liabilities, Non-Current
Other Long-Term Liabilities	14,786	12,703	10,397	8,884	7,912	7,764
Long-Term Income Taxes
Other Liabilities
Total Long-Term Liabilities	62,369	59,821	46,471	44,495	42,734	32,988
Total Liabilities	99,674	93,417	73,475	76,455	72,655	60,014
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Common Stock	88,496	—	78,270	73,253	69,159	64,444
Common Stock and Additional Paid-in Capital
Additional Paid-in Capital	—	83,228	—	—	—	—
Additional Paid-in Capital
Accumulated Other Comprehensive Income	229	-3,097	-2,695	-2,155	-3,106	-3,530
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	106,345	102,506	81,188	82,070	67,980	64,799
Retained Earnings
Total Common Shareholders' Equity	195,070	182,637	156,763	153,168	134,033	125,713
Total Shareholders' Equity	195,070	182,637	156,763	153,168	134,033	125,713
Total Stockholders' Equity
Total Liabilities and Shareholders' Equity	294,744	276,054	230,238	229,623	206,688	185,727
Total Liabilities and Stockholders' Equity