Azul reported total assets of $4316.48M and total liabilities of $7150.29M for the quarter ended Dec 2025, up 29.7% year over year. This balance sheet covers 12 quarters of results from Dec 2016 through Dec 2025, standardized by Business Quant from the company’s SEC filings.
| Balance SheetBalance Sheet | Dec2016 | Mar2017 | Dec2017 | Mar2018 | Dec2018 | Dec2019 | Dec2020 | Dec2021 | Dec2022 | Dec2023 | Dec2024 | Dec2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash & EquivalentsCash & Equiv. | 168.85M | 138.20M | 230.23M | 223.67M | 301.77M | 410.36M | 590.43M | 551.83M | 126.47M | 391.19M | 195.86M | 181.08M |
| Short-term InvestmentsInvestments (Current) | 2.66M | 129.42M | ||||||||||
| Cash & Current Investments | 168.85M | 138.20M | 232.89M | 223.67M | 431.19M | 410.36M | 590.43M | 551.83M | 126.47M | 391.19M | 195.86M | 181.08M |
| Receivables - NetNet Receivables | 208.65M | 276.17M | 352.99M | 279.23M | 290.33M | 168.64M | 179.15M | 341.37M | 228.73M | 287.38M | 497.20M | |
| Receivables | 208.65M | 276.17M | 352.99M | 279.23M | 290.33M | 168.64M | 179.15M | 341.37M | 228.73M | 287.38M | 497.20M | |
| Inventory | 32.93M | 45.42M | 53.00M | 51.66M | 64.96M | 77.56M | 102.68M | 136.57M | 164.78M | 152.73M | 177.59M | |
| Prepaid Assets | 35.40M | 40.25M | 45.70M | 100.14M | 94.97M | |||||||
| Current Assets | 587.46M | 1,046.38M | 939.46M | 952.50M | 1,030.63M | 1,043.65M | 1,049.57M | 921.91M | 1,039.99M | 915.85M | 1,151.08M | |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment (Net)PP&E (Net) | 1,057.71M | 568.02M | 1,039.75M | 475.51M | 2,379.07M | 346.71M | 352.08M | 369.58M | 473.35M | 491.20M | 506.25M | |
| Goodwill | 227.57M | 194.49M | 187.64M | 156.23M | 26.55M | |||||||
| Goodwill & Intangibles | 289.83M | 290.24M | 290.81M | 262.39M | 270.81M | 225.45M | 243.80M | 269.94M | 301.69M | 252.45M | 280.49M | |
| Long-Term Deferred Tax | 195.49M | 184.57M | 183.32M | 139.40M | ||||||||
| Other Non-Current Assets | 45.32M | 51.29M | 65.60M | 102.58M | 123.91M | 28.80M | 22.64M | 62.07M | 29.64M | 66.64M | 81.71M | |
| Non-Current Assets | 1,995.51M | 3,156.79M | 2,209.11M | 3,201.75M | 3,749.96M | 1,999.11M | 2,277.68M | 2,620.70M | 3,193.43M | 3,337.21M | 3,165.40M | |
| Assets | 2,582.97M | 4,203.17M | 3,148.57M | 4,154.25M | 4,780.60M | 3,042.76M | 3,327.25M | 3,542.61M | 4,233.41M | 4,253.05M | 4,316.48M | |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payables | 318.02M | 293.48M | 286.88M | 332.37M | 342.87M | 30.40M | 0.66M | 142.56M | 469.64M | 671.30M | 717.87M | |
| Payables | 318.02M | 293.48M | 286.88M | 332.37M | 342.87M | 30.40M | 0.66M | 142.56M | 469.64M | 671.30M | 717.87M | |
| Short term Debt | 302.92M | 126.60M | 176.06M | 40.99M | 119.84M | 165.36M | 176.70M | 210.60M | 226.81M | 357.27M | 2,516.94M | |
| Current Taxes | 19.92M | 13.41M | 9.05M | 14.71M | 12.22M | 10.65M | 26.94M | 36.63M | 29.31M | 20.24M | 26.30M | |
| Total Current Liabilities | 1,112.35M | 1,243.74M | 1,003.97M | 1,361.81M | 1,708.79M | 1,967.43M | 2,102.30M | 2,849.05M | 3,040.88M | 3,454.62M | 5,382.04M | |
| Non-Current Liabilities | ||||||||||||
| Non-Current Debt | 937.58M | 652.12M | 849.40M | 670.41M | 756.26M | 1,252.63M | 1,285.67M | 1,158.04M | 1,772.89M | 2,067.73M | 1,693.94M | |
| Non-Current Deferred Tax LiabilityNon-Current Deferred Tax | 78.01M | 136.82M | 154.29M | 135.94M | ||||||||
| Operating Leases | 1,941.62M | 1,982.82M | 2,620.06M | 1,974.34M | 2,045.33M | 1,997.67M | 2,362.59M | 2,438.47M | 1,708.77M | |||
| Other Non-Current Liabilities | 116.19M | 127.67M | 100.20M | 84.27M | 53.69M | 60.19M | 201.13M | 176.32M | 170.82M | 130.91M | 183.86M | |
| Total Non-Current Liabilities | 1,162.53M | 3,077.51M | 1,230.82M | 3,089.29M | 3,948.15M | 3,801.04M | 4,516.22M | 4,290.33M | 5,589.85M | 5,724.91M | 4,237.03M | |
| Total Liabilities | 2,274.89M | 3,347.38M | 2,234.78M | 3,337.64M | 4,296.97M | 4,114.21M | 4,982.41M | 4,900.47M | 5,954.01M | 7,039.83M | 7,150.29M | |
| Shareholder's Equity | ||||||||||||
| Total Debt | 1,240.51M | 778.73M | 1,025.46M | 711.41M | 876.10M | 1,417.98M | 1,462.38M | 1,368.64M | 1,999.69M | 2,425.00M | 4,210.88M | |
| Common Equity | 308.09M | 336.50M | 855.79M | 913.79M | 816.61M | |||||||
| Liabilities and Shareholders Equity | 2,582.97M | 4,203.17M | 3,148.57M | 4,154.25M | 4,780.60M | 3,042.76M | 3,327.25M | 3,542.61M | 4,233.41M | 4,253.05M | 4,316.48M | |
| Treasury Shares | 0.83M | 1.24M | 2.72M | 3.88M | 2.54M | 2.15M | 1.93M | 1.86M | 0.70M | 0.26M | ||
| Retained Earnings | -536.17M | -1,339.69M | -316.60M | -1,319.84M | -1,871.75M | -3,535.29M | -4,050.90M | -4,406.52M | -5,291.97M | -5,635.98M | -6,335.35M |
Pull Azul's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/statements?ticker=AZUL&statement=BS&frequency=Quarter&period=all&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/statements"
params = {"ticker": "AZUL", "statement": "BS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/statements?ticker=AZUL&statement=BS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();