Spotify Technology S.A. (SPOT)

SPOT Balance Sheet

Assets, liabilities, and equity analysis

SPOT Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/30/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	11.171B	11.171B	12.323B	11.838B	10.982B	9.564B	8.676B	7.791B	6.786B
Cash & Cash Equivalents	6.078B	6.078B	6.173B	6.422B	6.095B	5.422B	4.951B	5.216B	4.336B
Short-Term Investments	4.037B	4.037B	4.942B	4.245B	3.759B	3.126B	2.762B	1.549B	1.438B
Cash & Short-Term Investments	10.115B	10.115B	11.115B	10.667B	9.855B	8.548B	7.712B	6.764B	5.774B
Accounts Receivable	898.620M	898.620M	1.078B	1.003B	967.268M	858.758M	827.342M	865.542M	842.877M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	15.183B	15.183B	17.629B	17.291B	15.903B	13.704B	12.431B	11.740B	10.853B
Property, Plant & Equipment	473.019M	473.019M	495.466M	489.681M	492.492M	433.160M	428.685M	478.384M	497.383M
Goodwill	1.271B	1.271B	1.272B	1.269B	1.268B	1.249B	1.244B	1.255B	1.248B
Intangible Assets	47.418M	47.418M	48.138M	38.845M	43.698M	46.449M	49.703M	64.526M	72.736M
Long-Term Investments	1.513B	1.513B	2.642B	3.531B	2.987B	2.248B	1.823B	1.909B	2.174B
Total Current Liabilities	5.422B	5.422B	7.144B	7.344B	7.455B	6.443B	4.608B	4.568B	4.342B
Accounts Payable	949.507M	949.507M	1.402B	941.035M	948.371M	748.577M	966.095M	821.041M	802.231M
Short-Term Debt	71.705M	71.705M	1.712B	2.043B	2.278B	1.787B	0.00	0.00	0.00
Total Liabilities	5.919B	5.919B	7.846B	8.134B	8.076B	6.956B	6.710B	6.586B	6.297B
Long-Term Debt	0.00	0.00	508.381M	0.00	0.00	0.00	1.594B	1.491B	1.415B
Total Debt	550.506M	550.506M	2.729B	2.644B	2.813B	2.271B	2.072B	1.987B	1.920B
Net Debt (Cash)	-5.527B	-5.527B	-3.445B	-3.766B	-3.282B	-3.151B	-2.879B	-3.229B	-2.416B
Total Shareholders' Equity	9.264B	9.264B	9.779B	9.157B	7.827B	6.748B	5.721B	5.154B	4.556B
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-143.409M	-143.409M	-976.843M	-2.361B	-3.431B	-3.045B	-3.152B	-3.795B	-3.969B
Current Ratio	2.06	2.06	1.72	1.61	1.47	1.48	1.88	1.71	1.56
Debt to Equity Ratio	0.06	0.06	0.28	0.29	0.36	0.34	0.36	0.39	0.42

SPOT Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	12.323B	8.676B	5.828B	4.618B	4.992B	2.887B	2.475B	2.573B
Cash & Cash Equivalents	6.173B	4.951B	3.450B	2.635B	3.133B	1.404B	1.182B	668.931M
Short-Term Investments	4.942B	2.762B	1.219B	919.997M	863.144M	727.148M	767.779M	1.400B
Cash & Short-Term Investments	11.115B	7.712B	4.669B	3.555B	3.996B	2.131B	1.949B	2.069B
Accounts Receivable	1.078B	827.342M	972.769M	737.484M	714.720M	570.982M	450.460M	460.463M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	17.629B	12.431B	9.247B	8.103B	8.186B	7.718B	5.683B	4.967B
Property, Plant & Equipment	495.466M	428.685M	606.042M	811.762M	923.656M	923.576M	865.415M	225.650M
Goodwill	1.272B	1.244B	1.260B	1.239B	1.021B	897.955M	530.344M	167.233M
Intangible Assets	48.138M	49.703M	93.067M	134.763M	101.614M	118.345M	64.351M	32.072M
Long-Term Investments	2.642B	1.823B	1.403B	1.208B	1.046B	2.778B	1.661B	1.885B
Total Current Liabilities	7.144B	4.608B	4.531B	3.731B	3.683B	3.538B	2.706B	2.459B
Accounts Payable	1.402B	966.095M	733.455M	623.943M	609.681M	529.500M	418.284M	337.902M
Short-Term Debt	1.712B	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	7.846B	6.710B	6.452B	5.555B	5.767B	4.296B	3.423B	2.568B
Long-Term Debt	508.381M	1.594B	1.333B	1.197B	1.372B	0.00	0.00	0.00
Total Debt	2.729B	2.072B	1.879B	1.786B	2.033B	703.967M	690.113M	0.00
Net Debt (Cash)	-3.445B	-2.879B	-1.571B	-848.902M	-1.099B	-700.307M	-491.512M	-668.931M
Total Shareholders' Equity	9.779B	5.721B	2.795B	2.548B	2.419B	3.422B	2.260B	2.399B
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-976.843M	-3.152B	-4.633B	-3.870B	-3.676B	-4.014B	-3.006B	-2.869B
Current Ratio	1.72	1.88	1.29	1.24	1.36	0.82	0.91	1.05
Debt to Equity Ratio	0.28	0.36	0.67	0.70	0.84	0.21	0.31	0.00

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Spotify Technology S.A.

Spotify Technology S.A., through its various entities, functions as a global provider of audio streaming services. Its operational model is split into two distinct segments: Premium and Ad-Supported. The Premium segment caters to subscribers by granting them uninterrupted, ad-free access to its extensive catalog of music and podcasts, available for both online and offline consumption. Conversely, the Ad-Supported segment delivers online, on-demand music streaming and unlimited podcast access to users, facilitated by advertisements and available across computers, tablets, and various mobile devices. Beyond its core streaming offerings, Spotify also manages functions like sales, marketing, outsourced research and development, and comprehensive customer support. By the end of 2021 (December 31), the platform had amassed a significant global user base, comprising 406 million monthly active users and 180 million premium subscribers spanning 184 nations and regions. Incorporated in 2006, the firm's corporate headquarters are situated in Luxembourg, Luxembourg.

Luxembourg City

7,258 employees

www.spotify.com

Communication Services / Internet Content & Information

Sector: Communication Services
Industry: Internet Content & Information
CEO: Alex Norström

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