Spotify Technology S.A. (SPOT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 9.67B | 10.49B | 10.09B | 9.32B | 8.84B | 8.38B | 7B | 6.34B | 5.67B | 5.28B | 4.71B | 4.33B | 4.29B | 4.32B | 4.67B | 4.52B | 4.39B | 4.38B | 4.03B | 3.75B |
| Cash & Short-Term Investments | 8.76B | 9.46B | 9.09B | 8.36B | 7.9B | 7.45B | 6.07B | 5.39B | 4.69B | 4.23B | 3.73B | 3.42B | 3.43B | 3.32B | 3.68B | 3.57B | 3.55B | 3.51B | 3.17B | 2.99B |
| Cash Only | 5.26B | 5.26B | 5.47B | 5.17B | 5.01B | 4.78B | 4.68B | 4.05B | 3.47B | 3.13B | 2.63B | 2.55B | 2.44B | 2.46B | 2.86B | 2.78B | 2.73B | 2.75B | 2.51B | 2.44B |
| Short-Term Investments | 3.49B | 4.21B | 3.62B | 3.19B | 2.89B | 2.67B | 1.39B | 1.34B | 1.23B | 1.1B | 1.1B | 866.28M | 994.06M | 859.86M | 817.49M | 781.35M | 820.1M | 758.24M | 657.79M | 547.7M |
| Accounts Receivable | 777.81M | 917.61M | 854.73M | 820.64M | 793.39M | 798.99M | 777.35M | 786.94M | 801.94M | 881.33M | 758.06M | 640.21M | 559.47M | 689.28M | 651.98M | 616.49M | 563.82M | 627.86M | 640.82M | 561.69M |
| Days Sales Outstanding | 16.56 | 17.99 | 18.04 | 17.71 | 16.91 | 17.09 | 18.04 | 18.99 | 21.06 | 20.54 | 19.16 | 17.18 | 18.47 | 19.49 | 19.22 | 18.75 | 20.15 | 21.7 | 22.12 | 19.64 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 136.14M | 110.95M | 143.46M | 136.27M | 145.7M | 132M | 144.88M | 157.79M | 175.86M | 168.64M | 225.91M | 273.09M | 294.72M | 304.47M | 344.05M | 336.72M | 271.36M | 246.73M | 223.59M | 200.89M |
| Total Non-Current Assets | 3.47B | 4.52B | 4.65B | 4.17B | 3.83B | 3.63B | 3.55B | 3.8B | 3.45B | 3.1B | 2.91B | 2.98B | 3.23B | 3.26B | 2.98B | 2.86B | 2.68B | 2.81B | 2.95B | 3.73B |
| Property, Plant & Equipment | 409.43M | 421.82M | 417.33M | 417.83M | 400.19M | 413.99M | 429.64M | 464.38M | 500.46M | 549.08M | 620.51M | 624.2M | 743.29M | 758.7M | 837.55M | 817.32M | 816.08M | 811.4M | 810.51M | 791.56M |
| Fixed Asset Turnover | 11.09x | 10.80x | 10.23x | 10.25x | 10.29x | 10.06x | 8.92x | 7.89x | 6.93x | 6.28x | 5.39x | 4.65x | 4.05x | 3.97x | 3.67x | 3.51x | 3.27x | 3.32x | 3.12x | 2.95x |
| Goodwill | 1.1B | 1.08B | 1.08B | 1.08B | 1.15B | 1.2B | 1.13B | 1.17B | 1.16B | 1.14B | 1.18B | 1.15B | 1.15B | 1.16B | 1.26B | 1.11B | 982.92M | 896.65M | 867.4M | 850.53M |
| Intangible Assets | 41.04M | 40.98M | 33.11M | 37.07M | 42.91M | 48M | 57.95M | 67.91M | 76.38M | 84.32M | 98.4M | 105.03M | 114.89M | 125.95M | 153.47M | 125.9M | 109.55M | 89.26M | 90.83M | 94.95M |
| Long-Term Investments | 1.31B | 2.25B | 3.01B | 2.53B | 2.08B | 1.76B | 1.71B | 2.03B | 1.64B | 1.27B | 957.87M | 1.07B | 1.13B | 1.13B | 694.11M | 779.36M | 742.72M | 918.72M | 1.14B | 1.94B |
| Other Non-Current Assets | 16.02M | 60.97M | 18.06M | 15.03M | 15.97M | 16M | 23.98M | 20.97M | 23.11M | 24.09M | 24.1M | 22.01M | 76.93M | 77.36M | 24.07M | 23.98M | 25.13M | 77.23M | 27.95M | 28.98M |
| Total Assets | 13.14B | 15.01B | 14.74B | 13.49B | 12.66B | 12B | 10.54B | 10.13B | 9.12B | 8.38B | 7.62B | 7.31B | 7.52B | 7.57B | 7.66B | 7.38B | 7.07B | 7.19B | 6.98B | 7.48B |
| Asset Turnover | 0.33x | 0.30x | 0.30x | 0.32x | 0.34x | 0.38x | 0.39x | 0.40x | 0.42x | 0.46x | 0.45x | 0.43x | 0.40x | 0.42x | 0.40x | 0.40x | 0.37x | 0.38x | 0.35x | 0.30x |
| Asset Growth % | 3.79% | 25.02% | 39.76% | 33.16% | 38.83% | 43.3% | 38.32% | 38.53% | 21.24% | 10.62% | -0.42% | -0.91% | 6.33% | 5.31% | 9.74% | -1.27% | -11.88% | 13.82% | 21.23% | 35.39% |
| Total Current Liabilities | 4.69B | 6.08B | 6.26B | 6.32B | 5.95B | 4.45B | 4.1B | 4.05B | 3.99B | 4.11B | 3.72B | 3.55B | 3.46B | 3.49B | 3.57B | 3.33B | 3.14B | 3.24B | 3.07B | 2.97B |
| Accounts Payable | 821.86M | 1.19B | 802M | 804.6M | 691.6M | 932.98M | 737.38M | 748.99M | 718.53M | 664.51M | 657.66M | 623.2M | 591.44M | 583.16M | 697.12M | 577.52M | 451.26M | 535.58M | 527.03M | 484.73M |
| Days Payables Outstanding | 29.32 | 30.27 | 25.3 | 23.96 | 25.24 | 26.74 | 24.88 | 24.78 | 23.91 | 22.6 | 23.83 | 22.92 | 23.22 | 24.9 | 25.65 | 21.67 | 22.32 | 24.72 | 25.39 | 25.21 |
| Short-Term Debt | 62.06M | 1.46B | 1.74B | 1.93B | 1.65B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 750.78M | 710.7M | 692M | 666.33M | 673.63M | 682.99M | 679.43M | 656.12M | 637.13M | 624.36M | 601.43M | 536.17M | 523.5M | 515.72M | 523.59M | 488.6M | 471.36M | 459.36M | 439.19M | 438.76M |
| Other Current Liabilities | 2.64B | 2.65B | 97M | 2.76B | 2.78B | 2.68B | 2.55B | 2.5B | 2.47B | 2.53B | 2.3B | 2.22B | 2.2B | 2.26B | 2.21B | 2.16B | 2.12B | 2.13B | 2B | 1.94B |
| Current Ratio | 2.06x | 1.72x | 1.61x | 1.47x | 1.48x | 1.88x | 1.71x | 1.56x | 1.42x | 1.29x | 1.27x | 1.22x | 1.24x | 1.24x | 1.31x | 1.36x | 1.40x | 1.36x | 1.31x | 1.26x |
| Quick Ratio | 2.06x | 1.72x | 1.61x | 1.47x | 1.48x | 1.88x | 1.71x | 1.56x | 1.42x | 1.29x | 1.27x | 1.22x | 1.24x | 1.24x | 1.31x | 1.36x | 1.40x | 1.36x | 1.31x | 1.26x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 430.45M | 597.75M | 673.15M | 527.05M | 474.04M | 2.03B | 1.81B | 1.83B | 1.81B | 1.74B | 1.76B | 1.71B | 1.73B | 1.7B | 1.85B | 1.75B | 1.78B | 1.83B | 1.79B | 1.81B |
| Long-Term Debt | 0 | 432.82M | 0 | 0 | 0 | 1.54B | 1.34B | 1.32B | 1.28B | 1.21B | 1.21B | 1.17B | 1.15B | 1.12B | 1.2B | 1.13B | 1.15B | 1.21B | 1.17B | 1.2B |
| Capital Lease Obligations | 414.43M | 432.82M | 444M | 453.91M | 447.09M | 461.99M | 445.63M | 471.37M | 495.44M | 494.87M | 522.11M | 522.17M | 545.48M | 550.43M | 609.86M | 591.51M | 589.95M | 580.72M | 580.93M | 575.68M |
| Deferred Tax Liabilities | 11.01M | 162.93M | 223M | 66.13M | 20.96M | 21M | 19.98M | 18.97M | 17.08M | 8.03M | 6.02M | 6M | 5.99M | 4.96M | 2.01M | 999.17K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.01M | -430.82M | 4M | 7.01M | 5.99M | 8M | 7.99M | 13.98M | 20.1M | 29.11M | 17.07M | 17.01M | 19.98M | 30.74M | 34.1M | 32.97M | 36.18M | 44.13M | 39.93M | 37.98M |
| Total Liabilities | 5.12B | 6.68B | 6.93B | 6.85B | 6.43B | 6.48B | 5.92B | 5.88B | 5.79B | 5.85B | 5.48B | 5.26B | 5.18B | 5.19B | 5.42B | 5.08B | 4.92B | 5.07B | 4.86B | 4.78B |
| Total Debt | 476.5M | 2.32B | 2.25B | 2.39B | 2.1B | 2B | 1.78B | 1.79B | 1.77B | 1.7B | 1.74B | 1.69B | 1.7B | 1.67B | 1.81B | 1.72B | 1.74B | 1.79B | 1.75B | 1.77B |
| Net Debt | -4.78B | -2.93B | -3.21B | -2.78B | -2.91B | -2.78B | -2.9B | -2.26B | -1.7B | -1.42B | -892.61M | -861.28M | -740.3M | -793.41M | -1.05B | -1.07B | -992.97M | -965.86M | -753.61M | -664.63M |
| Debt / Equity | 0.06x | 0.28x | 0.29x | 0.36x | 0.34x | 0.36x | 0.39x | 0.42x | 0.53x | 0.67x | 0.81x | 0.82x | 0.73x | 0.70x | 0.81x | 0.75x | 0.81x | 0.84x | 0.83x | 0.66x |
| Debt / EBITDA | 0.63x | 3.20x | 3.72x | 5.52x | 3.91x | 3.95x | 3.69x | 6.06x | 8.90x | - | 25.53x | - | - | - | - | - | 56.18x | 68.70x | 16.24x | 41.26x |
| Net Debt / EBITDA | -6.35x | -4.04x | -5.30x | -6.45x | -5.43x | -5.48x | -5.99x | -7.62x | -8.52x | - | -13.13x | - | - | - | - | - | -32.03x | -37.15x | -6.98x | -15.46x |
| Interest Coverage | 89.38x | 146.86x | 104.38x | 7.00x | 42.00x | 56.44x | 45.22x | 31.00x | 20.33x | -12.33x | 9.11x | -23.10x | -14.19x | -9.78x | -12.09x | -8.00x | 16.50x | 0.62x | 17.20x | 1.80x |
| Total Equity | 8.02B | 8.33B | 7.8B | 6.64B | 6.23B | 5.52B | 4.63B | 4.25B | 3.33B | 2.53B | 2.15B | 2.05B | 2.34B | 2.38B | 2.24B | 2.3B | 2.16B | 2.13B | 2.11B | 2.7B |
| Equity Growth % | 28.62% | 50.69% | 68.58% | 56.12% | 87.48% | 118.15% | 115.54% | 107.01% | 42.12% | 6.36% | -4.11% | -10.63% | 8.43% | 12.04% | 6% | -14.77% | -33.41% | -24.14% | -14.17% | 27.33% |
| Book Value per Share | 38.31 | 39.18 | 36.50 | 32.32 | 29.65 | 26.43 | 22.32 | 20.63 | 16.32 | 12.92 | 10.85 | 10.57 | 12.09 | 12.32 | 11.43 | 11.74 | 10.95 | 11.06 | 10.86 | 13.90 |
| Total Shareholders' Equity | 8.02B | 8.33B | 7.8B | 6.64B | 6.23B | 5.52B | 4.63B | 4.25B | 3.33B | 2.53B | 2.15B | 2.05B | 2.34B | 2.38B | 2.24B | 2.3B | 2.16B | 2.13B | 2.11B | 2.7B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -124.13M | -831.65M | -2.01B | -2.91B | -2.81B | -3.04B | -3.41B | -3.71B | -4B | -4.2B | -4.13B | -4.18B | -3.87B | -3.62B | -3.39B | -3.21B | -3.1B | -3.23B | -3.28B | -3.29B |
| Treasury Stock | -1.01B | -700.7M | -329.05M | -262.52M | -261.47M | -262M | -261.78M | -261.65M | -263.29M | -262.99M | -263.06M | -262.09M | -261.75M | -259.84M | -262.8M | -261.78M | -263.32M | -260.77M | -200.63M | -170.91M |
| Accumulated OCI | 2.58B | 0 | 3.67B | 3.38B | 2.99B | 2.71B | 2.48B | 2.59B | 2.17B | 1.82B | 1.59B | 1.59B | 1.61B | 1.51B | 1.09B | 987.18M | 712.57M | 855.53M | 920.3M | 1.5B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |