NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $139.73M | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $553.35M | Aug 5, 2025 |
| FY2025 | May 31, 2023 | $501.49M | Aug 5, 2025 |
| FY2024 | May 31, 2022 | $795.85M | Aug 1, 2024 |
| FY2023 | May 31, 2021 | $811.67M | Aug 2, 2023 |
| FY2022 | May 31, 2020 | ($585.24M) | Aug 8, 2022 |
| FY2021 | May 31, 2019 | ($149.23M) | Jul 30, 2021 |
| FY2020 | May 31, 2018 | $455.19M | Aug 5, 2020 |
| FY2019 | May 31, 2017 | $309.91M | Jul 31, 2019 |
| FY2018 | May 31, 2016 | ($49.65M) | Jul 31, 2018 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $70.94M | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $58.97M | Aug 5, 2025 |
| FY2025 | May 31, 2023 | $50.62M | Aug 5, 2025 |
| FY2024 | May 31, 2022 | $43.32M | Aug 1, 2024 |
| FY2023 | May 31, 2021 | $39.45M | Aug 2, 2023 |
| FY2022 | May 31, 2020 | $46.65M | Aug 8, 2022 |
| FY2021 | May 31, 2019 | $43.34M | Jul 30, 2021 |
| FY2020 | May 31, 2018 | $39.46M | Aug 5, 2020 |
| FY2019 | May 31, 2017 | $38.46M | Jul 31, 2019 |
| FY2018 | May 31, 2016 | $41.75M | Jul 31, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $207.53M | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $320.62M | Aug 5, 2025 |
| FY2025 | May 31, 2023 | $337.77M | Aug 5, 2025 |
| FY2024 | May 31, 2022 | $250.79M | Aug 1, 2024 |
| FY2023 | May 31, 2021 | $239.96M | Aug 2, 2023 |
| FY2022 | May 31, 2020 | $219.22M | Aug 8, 2022 |
| FY2021 | May 31, 2019 | $197.04M | Jul 30, 2021 |
| FY2020 | May 31, 2018 | $155.23M | Aug 5, 2020 |
| FY2012 | May 31, 2012 | $119.07M | Aug 15, 2012 |
| FY2012 | May 31, 2011 | $122.60M | Aug 15, 2012 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $38.33B | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $36.18B | Aug 5, 2025 |
| FY2024 | May 31, 2023 | $34.01B | Aug 1, 2024 |
| FY2023 | May 31, 2022 | $31.25B | Aug 2, 2023 |
| FY2022 | May 31, 2021 | $29.64B | Aug 8, 2022 |
| FY2021 | May 31, 2020 | $28.16B | Jul 30, 2021 |
| FY2020 | May 31, 2019 | $27.12B | Aug 5, 2020 |
| FY2019 | May 31, 2018 | $26.69B | Jul 31, 2019 |
| FY2018 | May 31, 2017 | $25.21B | Jul 31, 2018 |
| FY2017 | May 31, 2016 | $24.27B | Aug 1, 2017 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $35.22B | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $33.17B | Aug 5, 2025 |
| FY2024 | May 31, 2023 | $31.42B | Aug 1, 2024 |
| FY2023 | May 31, 2022 | $29.11B | Aug 2, 2023 |
| FY2022 | May 31, 2021 | $28.24B | Aug 8, 2022 |
| FY2021 | May 31, 2020 | $27.51B | Jul 30, 2021 |
| FY2020 | May 31, 2019 | $25.82B | Aug 5, 2020 |
| FY2019 | May 31, 2018 | $25.18B | Jul 31, 2019 |
| FY2018 | May 31, 2017 | $24.11B | Jul 31, 2018 |
| FY2017 | May 31, 2016 | $23.45B | Aug 1, 2017 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $3.08B | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $2.99B | Aug 5, 2025 |
| FY2024 | May 31, 2023 | $2.56B | Aug 1, 2024 |
| FY2023 | May 31, 2022 | $2.11B | Aug 2, 2023 |
| FY2022 | May 31, 2021 | $1.37B | Aug 8, 2022 |
| FY2021 | May 31, 2020 | $626.12M | Jul 30, 2021 |
| FY2020 | May 31, 2019 | $1.28B | Aug 5, 2020 |
| FY2019 | May 31, 2018 | $1.47B | Jul 31, 2019 |
| FY2018 | May 31, 2017 | $1.07B | Jul 31, 2018 |
| FY2017 | May 31, 2016 | $791.29M | Aug 1, 2017 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $3.08B | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $2.99B | Aug 5, 2025 |
| FY2024 | May 31, 2023 | $2.55B | Aug 1, 2024 |
| FY2023 | May 31, 2022 | $2.11B | Aug 2, 2023 |
| FY2022 | May 31, 2021 | $1.37B | Aug 8, 2022 |
| FY2021 | May 31, 2020 | $628.03M | Jul 30, 2021 |
| FY2020 | May 31, 2019 | $1.28B | Aug 5, 2020 |
| FY2019 | May 31, 2018 | $1.47B | Jul 31, 2019 |
| FY2018 | May 31, 2017 | $1.06B | Jul 31, 2018 |
| FY2017 | May 31, 2016 | $790.23M | Aug 1, 2017 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $134.71M | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $280.12M | Aug 5, 2025 |
| FY2024 | May 31, 2023 | $198.94M | Aug 1, 2024 |
| FY2023 | May 31, 2022 | $153.55M | Aug 2, 2023 |
| FY2022 | May 31, 2021 | $295.06M | Aug 8, 2022 |
| FY2021 | May 31, 2020 | $671.37M | Jul 30, 2021 |
| FY2020 | May 31, 2019 | $177.92M | Aug 5, 2020 |
| FY2019 | May 31, 2018 | $231.00M | Jul 31, 2019 |
| FY2018 | May 31, 2017 | $166.62M | Jul 31, 2018 |
| FY2018 | May 31, 2016 | $204.54M | Jul 31, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | May 31, 2025 | $27.16B | Aug 5, 2025 |
| FY2025 | May 31, 2024 | $25.90B | Aug 5, 2025 |
| FY2024 | May 31, 2023 | $23.95B | Aug 1, 2024 |
| FY2023 | May 31, 2022 | $21.55B | Aug 2, 2023 |
| FY2022 | May 31, 2021 | $20.60B | Aug 8, 2022 |
| FY2021 | May 31, 2020 | $19.71B | Jul 30, 2021 |
| FY2020 | May 31, 2019 | $19.21B | Aug 5, 2020 |
| FY2019 | May 31, 2018 | $18.71B | Jul 31, 2019 |
| FY2018 | May 31, 2017 | $17.96B | Jul 31, 2018 |
| FY2017 | May 31, 2016 | $17.47B | Aug 1, 2017 |