Spotify Technology S.A. (LON:0SPT)

Spotify Technology Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5,456	4,781	3,114	2,483	2,744	1,151
Short-Term Investments	2,026	1,972	859	867	689	320
Cash & Short-Term Investments	7,482	6,753	3,973	3,350	3,433	1,471
Cash Growth	33.99%	69.97%	18.60%	-2.42%	133.38%	-8.12%
Accounts Receivable	511	540	602	502	437	319
Other Receivables	341	259	276	193	189	149
Receivables	852	799	878	695	626	468
Prepaid Expenses	89	71	64	89	74	47
Other Current Assets	1,634	756	345	218	239	380
Total Current Assets	10,057	8,379	5,260	4,352	4,372	2,366
Property, Plant & Equipment	416	414	547	765	809	757
Long-Term Investments	2,888	1,635	1,215	1,138	916	2,277
Goodwill	1,078	1,201	1,137	1,168	894	736
Other Intangible Assets	24	40	71	108	58	64
Long-Term Accounts Receivable	69	74	-	-	-	-
Long-Term Deferred Tax Assets	87	186	28	8	13	15
Long-Term Deferred Charges	9	8	13	19	31	33
Other Long-Term Assets	61	68	75	78	77	78
Total Assets	14,689	12,005	8,346	7,636	7,170	6,326
Accounts Payable	802	933	662	588	534	434
Accrued Expenses	2,815	2,607	2,666	2,287	2,034	1,909
Current Portion of Leases	61	75	65	58	44	31
Current Income Taxes Payable	31	33	12	11	23	9
Current Unearned Revenue	692	683	622	520	458	380
Other Current Liabilities	97	119	63	52	133	137
Total Current Liabilities	6,239	4,450	4,090	3,516	3,226	2,900
Long-Term Debt	-	1,539	1,203	1,128	1,202	-
Long-Term Leases	444	462	493	555	579	577
Long-Term Deferred Tax Liabilities	223	21	8	5	-	-
Other Long-Term Liabilities	4	8	29	31	44	44
Total Liabilities	6,910	6,480	5,823	5,235	5,051	3,521
Additional Paid-In Capital	6,459	6,124	5,155	4,789	4,746	4,583
Retained Earnings	-2,006	-3,044	-4,182	-3,647	-3,220	-3,290
Treasury Stock	-328	-262	-262	-262	-260	-175
Comprehensive Income & Other	3,654	2,707	1,812	1,521	853	1,687
Shareholders' Equity	7,779	5,525	2,523	2,401	2,119	2,805
Total Liabilities & Equity	14,689	12,005	8,346	7,636	7,170	6,326
Total Debt	2,246	2,076	1,761	1,741	1,825	608
Net Cash (Debt)	5,236	4,677	2,212	1,609	1,608	863
Net Cash Growth	40.38%	111.44%	37.48%	0.06%	86.33%	-11.85%
Net Cash Per Share	24.88	22.60	11.36	8.22	8.29	4.60
Filing Date Shares Outstanding	206.08	203.84	197.14	193.29	192.15	190.21
Total Common Shares Outstanding	206.08	203.84	197.14	193.29	192.15	190.21
Working Capital	3,818	3,929	1,170	836	1,146	-534
Book Value Per Share	37.75	27.10	12.80	12.42	11.03	14.75
Tangible Book Value	6,677	4,284	1,315	1,125	1,167	2,005
Tangible Book Value Per Share	32.40	21.02	6.67	5.82	6.07	10.54
Leasehold Improvements	345	394	444	448	422	346

Source: S&P Global Market Intelligence. Standard template. Financial Sources.