Capital · deployed

~$70-76B/yr capex in-flight (FY25 $69.7B -> TTM $75.7B) + up to ~$84B debt earmarked to the AI buildout

high confidence · as of 2026-07-26 · about Meta

Sourced figures 2

stockanalysis.com META cash-flow statement capex $69,691M FY25; $75,747M TTM
2026-03 high
kestrel board.yaml meta-ai optionality axis + $86.8B total debt at Q1-2026 debt raise up to ~$84B earmarked to AI capex (Meta was near-zero-debt before)
2026-07 med

the working

Threads 7

Hyperscaler Capex open
Meta Capex developing
Where the Capex Lands open
Nvidia's Order Book open
In-House Silicon open
Meta Gas Pivot open
Dragonfly Return open

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