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What changed in Tesla, Inc.'s latest annual report

In the year ended 31 Dec 2025, Tesla, Inc.'s revenue fell 2.9% to USD 94.83bn, from USD 97.69bn; net income fell 46.5% to USD 3.79bn, from USD 7.09bn; long-term debt rose 19% to USD 6.58bn, from USD 5.54bn.

Year ended 31 Dec 2025. Source: 10-K filed 29 Jan 2026, read it on SEC EDGAR.

USD 97.69bn to USD 94.83bn

Revenue, down 2.9% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue97.69bn94.83bnDown 2.9%
Net income7.09bn3.79bnDown 46.5%
Total assets122.07bn137.81bnUp 12.9%
Total liabilities48.39bn54.94bnUp 13.5%
Long-term debt5.54bn6.58bnUp 19%
Cash and cash equivalents16.14bn16.51bnUp 2.3%
Shareholders' equity72.91bn82.14bnUp 12.7%

Questions people ask

Did Tesla, Inc.'s revenue grow last year?

Revenue fell 2.9%, from USD 97.69bn to USD 94.83bn in the year ended 31 Dec 2025.

Is Tesla, Inc. profitable?

Yes. Net income was USD 3.79bn in the year ended 31 Dec 2025. The year before: USD 7.09bn.

How much cash and debt does Tesla, Inc. have?

At its latest year end (31 Dec 2025), Tesla, Inc. reported cash and cash equivalents of USD 16.51bn and long-term debt of USD 6.58bn.

Where do these numbers come from?

From Tesla, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Tesla, Inc. (TSLA) 10-K: what changed year on year | LYNORIQ Insights