Spotify Technology Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,258	4,781	3,114	2,483	2,744
Short-Term Investments	4,209	2,667	1,100	867	756
Cash & Short-Term Investments	9,467	7,448	4,214	3,350	3,500
Cash Growth	27.11%	76.74%	25.79%	-4.29%	100.34%
Accounts Receivable	802	771	858	690	621
Other Receivables	116	28	20	5	5
Total Trade Receivables	918	799	878	695	626
Other Current Assets	111	132	168	307	246
Total Current Assets	10,496	8,379	5,260	4,352	4,372
Net Property, Plant & Equipment	422	414	547	765	809
Other Intangible Assets	41	48	84	127	89
Goodwill	1,083	1,201	1,137	1,168	894
Long-Term Investments	2,181	1,635	1,215	1,138	916
Other Long-Term Assets	792	328	103	86	90
Total Assets	15,015	12,005	8,346	7,636	7,170
Accounts Payable	1,194	1,342	978	845	793
Accrued Expenses	2,589	2,347	2,440	2,093	1,841
Short-Term Debt	1,458	-	-	-	-
Unearned Revenue	711	683	622	520	458
Other Current Liabilities	133	78	50	58	134
Total Current Liabilities	6,085	4,450	4,090	3,516	3,226
Long-Term Debt	-	1,539	1,203	1,128	1,202
Long-Term Leases	433	462	493	555	579
Other Long-Term Liabilities	168	29	37	36	44
Total Long-Term Liabilities	601	2,030	1,733	1,719	1,825
Total Liabilities	6,686	6,480	5,823	5,235	5,051
Treasury Stock	-701	-262	-262	-262	-260
Additional Paid-in Capital	6,496	6,124	5,155	4,789	4,746
Accumulated Other Comprehensive Income	3,366	2,707	1,812	1,521	853
Retained Earnings	-832	-3,044	-4,182	-3,647	-3,220
Shareholders' Equity	8,329	5,525	2,523	2,401	2,119
Total Liabilities & Equity	15,015	12,005	8,346	7,636	7,170
Total Debt	1,891	2,001	1,696	1,683	1,781
Net Cash (Debt)	7,576	5,447	2,518	1,667	1,719
Net Cash Growth	39.09%	116.32%	51.05%	-3.02%	46.92%
Net Cash Per Share	35.99	26.32	12.93	8.59	8.93
Book Value	8,329	5,525	2,523	2,401	2,119
Book Value Per Share	39.57	26.69	12.96	12.38	11.01
Tangible Book Value	7,205	4,276	1,302	1,106	1,136
Tangible Book Value Per Share	34.23	20.66	6.69	5.70	5.90

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.