Is a Patent a Non-Current Asset?

Yes, a patent is a non-current asset.

A non-current asset is any asset that will provide an economic benefit after or for longer than one year. Patents are expected to have a useful life longer than one year, so they are a non-current asset. Specifically, they are an intangible asset, meaning that they are not attached to any physical entity. Intangible assets are almost always considered non-current assets.