Spotify Technology Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	5,255	5,258	4,781	3,114	2,483	2,744
Short-Term Investments	3,491	4,209	2,667	1,100	867	756
Cash & Short-Term Investments	8,746	9,467	7,448	4,214	3,350	3,500
Cash Growth	10.53%	27.11%	76.74%	25.79%	-4.29%	100.34%
Accounts Receivable	683	802	771	858	690	621
Other Receivables	94	116	28	20	5	5
Total Trade Receivables	777	918	799	878	695	626
Other Current Assets	136	111	132	168	307	246
Total Current Assets	9,659	10,496	8,379	5,260	4,352	4,372
Net Property, Plant & Equipment	409	422	414	547	765	809
Other Intangible Assets	41	41	48	84	127	89
Goodwill	1,099	1,083	1,201	1,137	1,168	894
Long-Term Investments	1,194	2,181	1,635	1,215	1,138	916
Other Long-Term Assets	726	792	328	103	86	90
Total Assets	13,128	15,015	12,005	8,346	7,636	7,170
Accounts Payable	1,250	1,194	1,342	978	845	793
Accrued Expenses	2,471	2,589	2,347	2,440	2,093	1,841
Current Portion of Long-Term Debt	-	1,458	-	-	-	-
Unearned Revenue	750	711	683	622	520	458
Other Current Liabilities	217	133	78	50	58	134
Total Current Liabilities	4,688	6,085	4,450	4,090	3,516	3,226
Long-Term Debt	-	-	1,539	1,203	1,128	1,202
Long-Term Leases	414	433	462	493	555	579
Other Long-Term Liabilities	16	168	29	37	36	44
Total Long-Term Liabilities	430	601	2,030	1,733	1,719	1,825
Total Liabilities	5,118	6,686	6,480	5,823	5,235	5,051
Treasury Stock	-1,007	-701	-262	-262	-262	-260
Additional Paid-in Capital	6,560	6,496	6,124	5,155	4,789	4,746
Accumulated Other Comprehensive Income	2,581	3,366	2,707	1,812	1,521	853
Retained Earnings	-124	-832	-3,044	-4,182	-3,647	-3,220
Shareholders' Equity	8,010	8,329	5,525	2,523	2,401	2,119
Total Liabilities & Equity	13,128	15,015	12,005	8,346	7,636	7,170
Total Debt	414	1,891	2,001	1,696	1,683	1,781
Net Cash (Debt)	8,332	7,576	5,447	2,518	1,667	1,719
Net Cash Growth	9.98%	39.09%	116.32%	51.05%	-3.02%	46.92%
Net Cash Per Share	39.63	35.99	26.32	12.93	8.51	8.86
Book Value	8,010	8,329	5,525	2,523	2,401	2,119
Book Value Per Share	38.10	39.57	26.69	12.96	12.26	10.93
Tangible Book Value	6,870	7,205	4,276	1,302	1,106	1,136
Tangible Book Value Per Share	32.68	34.23	20.66	6.69	5.65	5.86

SEC Filings: 10-K · 10-Q