CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 473.0	$ 964.0
Settlement assets	756.0	350.0
Accounts receivable, net	694.0	742.0
Prepaid expenses and other current assets	138.0	125.0
Total current assets	2,061.0	2,181.0
Noncurrent assets
Equipment for lease, net	249.0	233.0
Property, plant and equipment, net	43.0	42.0
Right-of-use assets	57.0	67.0
Goodwill	2,707.0	2,704.0
Other intangible assets, net	2,977.0
Deferred tax assets	599.0	391.0
Other noncurrent assets	64.0	85.0
Total assets	8,757.0	8,713.0
Current liabilities
Current portion of debt	10.0	10.0
Settlement liabilities	756.0	343.0
Accounts payable	615.0	679.0
Accrued expenses and other current liabilities	267.0	242.0
Current portion of TRA liability	20.0	23.0
Current lease liabilities	18.0	17.0
Total current liabilities	1,686.0	1,314.0
Noncurrent liabilities
Long-term debt	4,512.0	4,536.0
Noncurrent portion of TRA liability	227.0	346.0
Deferred tax liabilities	478.0	471.0
Noncurrent lease liabilities	42.0	53.0
Other noncurrent liabilities	32.0	36.0
Total liabilities	6,977.0	6,756.0
Redeemable noncontrolling interests	10.0	10.0
Stockholders' equity
Series A Mandatory Convertible Preferred Stock, $0.0001 par value, 10,000,000 and no shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	0.0	0.0
Additional paid-in capital - common stock	1,297.0	889.0
Additional paid-in capital - preferred stock	1,005.0	973.0
Accumulated other comprehensive income (loss)	(5.0)	47.0
Retained deficit	(644.0)	(467.0)
Total stockholders' equity attributable to Shift4 Payments, Inc.	1,653.0	1,442.0
Non-redeemable noncontrolling interests	117.0	505.0
Total stockholders' equity	1,770.0	1,947.0
Total liabilities, redeemable noncontrolling interests and stockholders' equity	8,757.0	8,713.0
Capitalized customer acquisition costs, net
Noncurrent assets
Other intangible assets, net	93.0	89.0
Other intangible assets, net
Noncurrent assets
Other intangible assets, net	2,884.0	2,921.0
Class A Common Stock
Stockholders' equity
Common stock	0.0	0.0
Class B Common Stock
Stockholders' equity
Common stock	0.0	0.0
Class C Common Stock
Stockholders' equity
Common stock	$ 0.0	$ 0.0

Shift4 Payments, Inc. 10-Q