xAI
privatelabAI Research
What this company owes, to whom, at what cost and when it comes due. Every figure is the one the company itself states. cohort: lab · verified 2026-09-28 How these figures are built →
No financing is published for this company. Either it has raised nothing we have read since 2024, or it does not publish the reports the rules read — the site shows only what a company itself discloses, and says so rather than estimating.
how it is counted
what the filer owes that is not on its balance sheet at this date: leases not yet commenced plus unrecorded purchase obligations, counted once. A filer that reports the same figure under both (Meta, Alphabet, Equinix, Arm, Applied Digital, Astera Labs) has stated one fact twice, and offBalanceNote says so
- Notes priced since 2024 · 0 →each tranche in the ledger as the company itself states it
how it is counted
principal in USD billions — native for USD, spot rate on the pricing date otherwise (fx recorded)
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- Loans and credit facilities · 0 →as signed; the figure counts new facilities, the count amendments too
how it is counted
the commitment as the company states it — a ceiling for revolvers and delayed-draw facilities, not an amount drawn; new facilities only: an amendment restates a commitment already counted.
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- Debt due in 12 months →no five-year schedule read for this company
how it is counted
the company's own maturity schedule for all its long-term debt, as its latest report states it: principal due in the next twelve months, years two to five and after; USD billions
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- Long-term debt on the balance sheet →no balance sheet of this company read
how it is counted
long-term debt including its current portion, read line by line off the company's own balance sheet (ADR-0044), an asset manager's consolidated funds' debt apart where it is reported apart; its derivation says when the notes to the accounts gave a part, when the date came from the next report's prior-period column, or when finance leases sit inside a line
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When it comes due
No five-year maturity schedule is read for this company, and none of its notes or facilities since 2024 is placed by year.
What has it committed to?
Obligations as the company states them — leases and purchase obligations as it reports them, long-term debt read off its balance sheet — each at the date it last stated it. The off-balance-sheet total is what it owes that its balance sheet does not carry.
This company states none of the leases, purchase obligations or debt lines we read.
What has it borrowed, and at what cost?
Each note tranche in the ledger priced since 2024, as the company itself states it, and each credit facility as signed. Nothing is netted, nothing is estimated.
No note tranche since 2024. A convertible is not counted here; it is equity in a bond's clothing and sits under question 3.
What equity has it sold?
Raises as announced, and shares actually sold under an at-the-market programme when the company states the period.
No equity or hybrid raise since 2024, and no at-the-market programme.
When does it come due, and who holds it?
The company's own five-year schedule, what we have placed by year from the notes and facilities since 2024, and the price the funds that hold its paper report.
No five-year debt maturity schedule is read for this company.
No fund-reported price for its paper. Fund holdings are matched only on identifiers the ledger already holds, so a tranche with no CUSIP in the ledger cannot be matched.
How does it compare?
The same twelve measures every company on the AI trade page carries, beside the median across them. Below each measure, the arithmetic behind it.
No measures for this company: they need a cost-of-debt series, which needs the company's own quarterly statements.