Spotify Technology (SPOT) Financials

$551.66 +8.00 (+1.47%)

As of 03:40 PM Eastern

Annual Income Statements for Spotify Technology

This table shows Spotify Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-567	-1,484	-89	-209	-710	-38	-460	-588	1,178
Consolidated Net Income / (Loss)	-567	-1,484	-89	-209	-710	-38	-460	-588	1,178
Net Income / (Loss) Continuing Operations	-567	-1,484	-89	-209	-710	-38	-460	-588	1,178
Total Pre-Tax Income	-563	-1,481	-198	-147	-866	282	-396	-559	1,388
Total Operating Income	-367	-454	-49	-82	-358	106	-705	-493	1,413
Total Gross Profit	422	1,020	1,549	1,933	2,462	2,932	3,130	3,758	4,890
Total Revenue	3,106	4,913	6,019	7,591	9,626	10,942	12,546	14,654	16,223
Operating Revenue	3,106	4,913	6,019	7,591	9,626	10,942	12,546	14,654	16,223
Total Cost of Revenue	2,684	3,893	4,470	5,658	7,165	8,010	9,415	10,896	11,333
Operating Cost of Revenue	2,684	3,893	4,470	5,658	7,165	8,010	9,415	10,896	11,333
Total Operating Expenses	789	1,474	1,598	2,014	2,819	2,826	3,835	4,251	3,477
Selling, General & Admin Expense	184	317	324	397	540	509	670	647	498
Marketing Expense	387	681	710	927	1,257	1,285	1,682	1,696	1,441
Research & Development Expense	218	476	564	690	1,022	1,032	1,484	1,908	1,538
Total Other Income / (Expense), net	-196	-1,027	-149	-65	-508	175	309	-65	-25
Interest Expense	353	1,170	668	374	623	103	141	243	364
Interest & Investment Income	160	142	521	309	115	278	450	178	340
Income Tax Expense	4.21	2.40	-109	62	-156	320	64	30	210
Basic Earnings per Share	($3.63)	($9.78)	($0.44)	($1.03)	($3.10)	($0.18)	($2.39)	($3.02)	$5.87
Weighted Average Basic Shares Outstanding	148.37M	151.67M	177.15M	180.96M	187.58M	191.30M	192.93M	194.73M	200.62M
Diluted Earnings per Share	($3.63)	($9.78)	($0.51)	($1.03)	($3.10)	($1.03)	($3.13)	($3.02)	$5.69
Weighted Average Diluted Shares Outstanding	148.37M	151.67M	181.21M	180.96M	187.58M	193.94M	195.85M	194.73M	206.99M
Weighted Average Basic & Diluted Shares Outstanding	-	-	180.86M	184.33M	190.21M	384.30M	193.29M	197.14M	203.84M

No quarterly income statements for Spotify Technology are available.

This table details how cash moves in and out of Spotify Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	200	-267	474	171	210	1,612	-446	771	1,598
Net Cash From Operating Activities	-106	215	394	643	316	409	49	752	2,382
Net Cash From Continuing Operating Activities	106	210	394	643	316	409	49	752	2,382
Net Income / (Loss) Continuing Operations	-567	-1,484	-89	-209	-710	-38	-460	-588	1,178
Consolidated Net Income / (Loss)	-567	-1,484	-89	-209	-710	-38	-460	-588	1,178
Depreciation Expense	34	55	24	80	105	106	126	122	88
Amortization Expense	6.31	9.61	13	18	31	37	57	189	82
Non-Cash Adjustments To Reconcile Net Income	317	1,104	149	278	575	404	185	483	513
Changes in Operating Assets and Liabilities, net	317	525	298	476	315	-101	141	546	521
Net Cash From Investing Activities	-870	-523	-25	-245	-454	-212	-453	-240	-1,538
Net Cash From Continuing Investing Activities	-870	-523	-25	-245	-454	-212	-453	-240	-1,538
Purchase of Property, Plant & Equipment	-28	-43	-143	-152	-95	-96	-27	-6.64	-18
Acquisitions	-	-59	-10	-371	-410	-130	-327	-7.74	-10
Purchase of Investments	-1,470	-1,665	-1,223	-1,011	-1,654	-563	-489	-1,759	-7,530
Sale and/or Maturity of Investments	-	1,297	1,403	1,305	1,736	587	394	1,525	6,027
Other Investing Activities, net	-13	-53	-52	-16	-31	-10	-3.21	7.74	-7.25
Net Cash From Financing Activities	964	41	105	-228	348	1,415	-43	259	755
Net Cash From Continuing Financing Activities	964	41	105	-221	385	1,415	-43	259	755
Repayment of Debt	-	0.00	-	-	-	-	-46	-73	-71
Repurchase of Common Equity	0.00	0.00	-82	-409	0.00	-101	-2.14	0.00	0.00
Other Financing Activities, net	58	30	188	171	385	96	5.35	332	826

No quarterly cash flow statements for Spotify Technology are available.

This table presents Spotify Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,732	4,963	5,748	7,728	8,115	8,169	9,232	12,426
Total Current Assets	2,280	2,571	2,504	2,890	4,948	4,656	5,819	8,673
Cash & Equivalents	573	1,020	1,195	1,406	3,106	2,656	3,445	4,949
Short-Term Investments	1,240	1,047	777	728	856	928	1,217	2,761
Accounts Receivable	432	458	451	567	703	738	949	798
Current Deferred & Refundable Income Taxes	0.00	2.29	4.49	4.89	5.66	5.35	22	29
Other Current Assets	35	43	76	184	278	328	186	137
Plant, Property, & Equipment, net	80	225	327	382	421	372	273	195
Plant, Property & Equipment, gross	80	225	327	382	421	372	273	195
Total Noncurrent Assets	1,365	2,167	2,918	4,455	2,746	3,141	3,141	3,482
Long-Term Investments	1,093	1,884	1,680	2,782	1,037	1,217	1,344	1,692
Goodwill	-	167	536	899	1,012	1,250	1,258	1,243
Intangible Assets	195	32	65	118	101	136	93	50
Noncurrent Deferred & Refundable Income Taxes	11	9.16	10	18	15	8.56	31	193
Other Noncurrent Operating Assets	66	74	626	638	582	530	415	304
Total Liabilities & Shareholders' Equity	3,732	4,963	5,748	7,728	8,115	8,169	9,232	12,426
Total Liabilities	3,446	2,566	3,462	4,301	5,717	5,600	6,441	6,707
Total Current Liabilities	2,302	2,460	2,737	3,543	3,651	3,761	4,524	4,606
Accounts Payable	410	489	616	779	898	904	1,082	1,389
Accrued Expenses	1,126	1,231	1,614	2,135	2,084	2,239	2,699	2,429
Current Deferred Revenue	259	295	358	464	518	556	688	707
Current Deferred & Payable Income Tax Liabilities	11	8.01	10	11	26	12	13	34
Other Current Liabilities	425	436	139	153	126	50	42	47
Total Noncurrent Liabilities	1,138	106	725	759	2,066	1,839	1,917	2,101
Long-Term Debt	-	-	-	0.00	1,360	1,207	1,331	1,593
Capital Lease Obligations	-	0.00	698	705	655	594	545	478
Noncurrent Deferred & Payable Income Tax Liabilities	3.60	2.29	2.24	-	0.00	5.35	8.85	22
Other Noncurrent Operating Liabilities	-	104	25	54	50	33	32	8.28
Total Equity & Noncontrolling Interests	286	2,397	2,286	3,427	2,398	2,569	2,791	5,719
Total Preferred & Common Equity	286	2,397	2,286	3,427	2,398	2,569	2,791	5,719
Total Common Equity	286	2,397	2,286	3,427	2,398	2,569	2,791	5,719
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-2,915	-2,867	-3,040	-4,019	-3,644	-3,902	-4,626	-3,151
Treasury Stock	0.00	-88	-415	-214	-294	-280	-290	-271
Other Equity Adjustments	3,201	5,352	5,741	7,659	6,337	6,750	7,707	9,141

This table presents Spotify Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q4 2023	Q4 2024
Total Assets	8,169	9,232	12,426
Total Current Assets	4,656	5,819	8,673
Cash & Equivalents	2,656	3,445	4,949
Short-Term Investments	928	1,217	2,761
Accounts Receivable	738	949	798
Current Deferred & Refundable Income Taxes	5.35	22	29
Other Current Assets	328	186	137
Plant, Property, & Equipment, net	372	273	195
Plant, Property & Equipment, gross	372	273	195
Total Noncurrent Assets	3,141	3,141	3,482
Long-Term Investments	1,217	1,344	1,692
Goodwill	1,250	1,258	1,243
Intangible Assets	136	93	50
Noncurrent Deferred & Refundable Income Taxes	8.56	31	193
Other Noncurrent Operating Assets	530	415	304
Total Liabilities & Shareholders' Equity	8,169	9,232	12,426
Total Liabilities	5,600	6,441	6,707
Total Current Liabilities	3,761	4,524	4,606
Accounts Payable	904	1,082	1,389
Accrued Expenses	2,239	2,699	2,429
Current Deferred Revenue	556	688	707
Current Deferred & Payable Income Tax Liabilities	12	13	34
Other Current Liabilities	50	42	47
Total Noncurrent Liabilities	1,839	1,917	2,101
Long-Term Debt	1,207	1,331	1,593
Capital Lease Obligations	594	545	478
Noncurrent Deferred & Payable Income Tax Liabilities	5.35	8.85	22
Other Noncurrent Operating Liabilities	33	32	8.28
Total Equity & Noncontrolling Interests	2,569	2,791	5,719
Total Preferred & Common Equity	2,569	2,791	5,719
Total Common Equity	2,569	2,791	5,719
Common Stock	0.00	0.00	0.00
Retained Earnings	-3,902	-4,626	-3,151
Treasury Stock	-280	-290	-271
Other Equity Adjustments	6,750	7,707	9,141

This table displays calculated financial ratios and metrics derived from Spotify Technology's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	58.21%	22.51%	26.12%	26.81%	13.67%	14.65%	16.81%	10.71%
EBITDA Growth	0.00%	-18.59%	96.46%	214.40%	-1,515.08%	212.50%	-308.72%	65.04%	967.11%
EBIT Growth	0.00%	-23.35%	88.88%	-62.68%	-336.90%	129.72%	-762.66%	30.02%	386.38%
NOPAT Growth	0.00%	-23.68%	89.16%	-66.47%	-336.90%	94.20%	-3,297.10%	30.02%	447.19%
Net Income Growth	0.00%	-161.63%	93.98%	-133.83%	-240.02%	94.58%	-1,095.43%	-27.93%	300.16%
EPS Growth	0.00%	-169.37%	93.73%	-101.96%	-200.97%	66.77%	-204.32%	3.66%	288.52%
Operating Cash Flow Growth	0.00%	302.37%	283.10%	63.33%	-50.80%	29.14%	-87.96%	1,428.56%	216.63%
Free Cash Flow Firm Growth	0.00%	0.00%	-90.46%	-1,001.24%	85.80%	-60.26%	-200.44%	186.93%	176.10%
Invested Capital Growth	0.00%	0.00%	-9.84%	57.04%	-17.45%	25.53%	25.99%	-209.70%	-26.13%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	13.58%	20.76%	25.73%	25.46%	25.57%	26.80%	24.95%	25.64%	30.14%
EBITDA Margin	-10.54%	-7.90%	-0.23%	0.21%	-2.31%	2.29%	-4.16%	-1.25%	9.76%
Operating Margin	-11.82%	-9.24%	-0.82%	-1.08%	-3.72%	0.97%	-5.62%	-3.37%	8.71%
EBIT Margin	-11.82%	-9.22%	-0.84%	-1.08%	-3.72%	0.97%	-5.62%	-3.37%	8.71%
Profit (Net Income) Margin	-18.26%	-30.20%	-1.48%	-2.75%	-7.37%	-0.35%	-3.67%	-4.02%	7.26%
Tax Burden Percent	100.75%	100.16%	45.09%	141.98%	81.95%	-13.65%	116.22%	105.35%	84.86%
Interest Burden Percent	153.30%	327.06%	393.18%	179.45%	241.98%	264.89%	56.15%	113.23%	98.24%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	113.65%	0.00%	0.00%	15.14%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-518.91%	-6.66%	-8.92%	-24.85%	-1.32%	-18.52%	-21.96%	27.68%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-12.13%	-1.16%	-1.53%	-5.31%	1.34%	-8.66%	-5.67%	13.05%
Return on Assets (ROA)	0.00%	-39.75%	-2.05%	-3.90%	-10.53%	-0.49%	-5.65%	-6.76%	10.88%
Return on Common Equity (ROCE)	0.00%	-518.91%	-6.66%	-8.92%	-24.85%	-1.32%	-18.52%	-21.96%	27.68%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-518.91%	-3.72%	-9.13%	-20.71%	-1.60%	-17.91%	-21.09%	20.60%
Net Operating Profit after Tax (NOPAT)	-257	-318	-34	-57	-251	-15	-493	-345	1,199
NOPAT Margin	-8.28%	-6.47%	-0.57%	-0.76%	-2.60%	-0.13%	-3.93%	-2.36%	7.39%
Net Nonoperating Expense Percent (NNEP)	0.00%	-137.06%	-1.94%	-4.39%	-12.82%	-0.67%	1.12%	-6.82%	-0.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-11.30%	-7.40%	15.39%
Cost of Revenue to Revenue	86.42%	79.24%	74.27%	74.54%	74.43%	73.20%	75.05%	74.36%	69.86%
SG&A Expenses to Revenue	5.93%	6.45%	5.38%	5.23%	5.61%	4.65%	5.34%	4.42%	3.07%
R&D to Revenue	7.01%	9.68%	9.37%	9.09%	10.62%	9.43%	11.83%	13.02%	9.48%
Operating Expenses to Revenue	25.41%	30.00%	26.55%	26.54%	29.29%	25.83%	30.57%	29.01%	21.43%
Earnings before Interest and Taxes (EBIT)	-367	-453	-50	-82	-358	106	-705	-493	1,413
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-327	-388	-14	16	-222	250	-522	-183	1,583
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	32.34	2.64	11.83	16.93	18.56	5.91	13.01	15.42
Price to Tangible Book Value (P/TBV)	0.00	101.27	2.88	16.06	24.08	34.62	12.82	25.22	19.93
Price to Revenue (P/Rev)	2.98	1.88	1.05	3.56	6.03	4.07	1.21	2.48	5.44
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	74.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.34%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	1.29	0.39	3.17	5.59	3.80	0.97	2.20	4.98
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	1,533.46	0.00	166.05	0.00	0.00	51.10
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	390.39	0.00	0.00	57.23
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	67.44
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	29.49	6.03	37.47	170.01	101.65	247.30	42.80	33.95
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.78	22.67	0.00	0.00	0.00	0.00	57.39	52.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.31	0.21	0.84	0.70	0.67	0.36
Long-Term Debt to Equity	0.00	0.00	0.00	0.31	0.21	0.84	0.70	0.67	0.36
Financial Leverage	0.00	-5.95	-2.11	-1.47	-1.25	-1.23	-1.20	-1.33	-1.36
Leverage Ratio	0.00	13.05	3.24	2.29	2.36	2.72	3.28	3.25	2.55
Compound Leverage Factor	0.00	42.70	12.74	4.10	5.71	7.20	1.84	3.68	2.50
Debt to Total Capital	0.00%	0.00%	0.00%	23.39%	17.06%	45.67%	41.21%	40.20%	26.59%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	23.39%	17.06%	45.67%	41.21%	40.20%	26.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	100.00%	100.00%	76.61%	82.94%	54.33%	58.79%	59.80%	73.41%
Debt to EBITDA	0.00	0.00	0.00	44.43	-3.17	8.06	-3.45	-10.28	1.31
Net Debt to EBITDA	0.00	0.00	0.00	-188.00	18.94	-11.92	5.75	22.62	-4.63
Long-Term Debt to EBITDA	0.00	0.00	0.00	44.43	-3.17	8.06	-3.45	-10.28	1.31
Debt to NOPAT	0.00	0.00	0.00	-12.17	-2.81	-138.76	-3.65	-5.43	1.73
Net Debt to NOPAT	0.00	0.00	0.00	51.51	16.81	205.29	6.08	11.96	-6.11
Long-Term Debt to NOPAT	0.00	0.00	0.00	-12.17	-2.81	-138.76	-3.65	-5.43	1.73
Altman Z-Score	0.00	1.43	1.88	5.17	8.35	5.63	2.34	4.26	9.61
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.99	1.05	0.91	0.82	1.36	1.24	1.29	1.88
Quick Ratio	0.00	0.98	1.03	0.89	0.76	1.28	1.15	1.24	1.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1,097	105	-944	-134	-215	-645	561	1,549
Operating Cash Flow to CapEx	0.00%	497.22%	275.20%	424.44%	332.05%	424.71%	184.00%	11,333.33%	13,535.29%
Free Cash Flow to Firm to Interest Expense	0.00	0.94	0.16	-2.53	-0.22	-2.09	-4.57	2.31	4.25
Operating Cash Flow to Interest Expense	-0.30	0.18	0.59	1.72	0.51	3.97	0.35	3.09	6.54
Operating Cash Flow Less CapEx to Interest Expense	1.43	0.15	0.38	1.32	0.35	3.03	0.16	3.06	6.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.32	1.38	1.42	1.43	1.38	1.54	1.68	1.50
Accounts Receivable Turnover	0.00	11.36	13.52	16.70	18.91	17.24	17.41	17.37	18.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	61.04	39.35	27.50	27.16	27.24	31.63	45.40	69.35
Accounts Payable Turnover	0.00	9.50	9.95	10.24	10.27	9.55	10.45	10.97	9.17
Days Sales Outstanding (DSO)	0.00	32.13	26.99	21.85	19.30	21.18	20.96	21.01	19.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	38.40	36.67	35.63	35.55	38.21	34.92	33.26	39.79
Cash Conversion Cycle (CCC)	0.00	-6.28	-9.68	-13.78	-16.25	-17.03	-13.96	-12.25	-20.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-1,415	-1,554	-668	-784	-584	-432	-1,339	-1,688
Invested Capital Turnover	0.00	-6.94	-4.05	-6.83	-13.26	-15.99	-24.69	-16.55	-10.72
Increase / (Decrease) in Invested Capital	0.00	-1,415	-139	886	-117	200	152	-906	-350
Enterprise Value (EV)	0.00	6,340	2,375	24,093	53,789	41,533	12,170	32,192	80,867
Market Capitalization	9,246	9,246	6,326	27,047	58,000	44,516	15,170	36,322	88,198
Book Value per Share	$0.00	$1.89	$13.53	$12.64	$18.59	$12.61	$13.37	$14.44	$29.01
Tangible Book Value per Share	$0.00	$0.60	$12.40	$9.31	$13.07	$6.76	$6.16	$7.45	$22.45
Total Capital	0.00	286	2,397	2,984	4,131	4,414	4,369	4,667	7,790
Total Debt	0.00	0.00	0.00	698	705	2,016	1,800	1,876	2,071
Total Long-Term Debt	0.00	0.00	0.00	698	705	2,016	1,800	1,876	2,071
Net Debt	0.00	-2,906	-3,951	-2,954	-4,211	-2,982	-3,001	-4,129	-7,331
Capital Expenditures (CapEx)	-612	43	143	152	95	96	27	6.64	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,834	-1,956	-2,205	-2,786	-2,664	-2,689	-3,367	-3,643
Debt-free Net Working Capital (DFNWC)	0.00	-22	111	-233	-652	1,297	894	1,294	4,067
Net Working Capital (NWC)	0.00	-22	111	-233	-652	1,297	894	1,294	4,067
Net Nonoperating Expense (NNE)	310	1,166	55	151	459	24	-33	243	21
Net Nonoperating Obligations (NNO)	0.00	-1,701	-3,951	-2,954	-4,211	-2,982	-3,001	-4,129	-7,407
Total Depreciation and Amortization (D&A)	40	65	37	98	136	144	183	311	170
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-37.34%	-32.50%	-29.05%	-28.95%	-24.35%	-21.44%	-22.98%	-22.45%
Debt-free Net Working Capital to Revenue	0.00%	-0.44%	1.84%	-3.08%	-6.78%	11.85%	7.13%	8.83%	25.07%
Net Working Capital to Revenue	0.00%	-0.44%	1.84%	-3.08%	-6.78%	11.85%	7.13%	8.83%	25.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.44)	($1.03)	($3.10)	($0.18)	($2.23)	($2.73)	$5.87
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	177.15M	180.96M	187.58M	191.30M	192.93M	194.73M	200.62M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.51)	($1.03)	($3.10)	($1.03)	($2.93)	($2.73)	$5.69
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	181.21M	180.96M	187.58M	193.94M	195.85M	194.73M	206.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	180.86M	184.33M	190.21M	384.30M	193.29M	197.14M	203.84M
Normalized Net Operating Profit after Tax (NOPAT)	-257	-318	-34	-57	-251	74	-493	-345	1,199
Normalized NOPAT Margin	-8.28%	-6.47%	-0.57%	-0.76%	-2.60%	0.68%	-3.93%	-2.36%	7.39%
Pre Tax Income Margin	-18.12%	-30.15%	-3.29%	-1.94%	-9.00%	2.58%	-3.16%	-3.81%	8.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.04	-0.39	-0.08	-0.22	-0.57	1.03	-4.99	-2.03	3.88
NOPAT to Interest Expense	-0.73	-0.27	-0.05	-0.15	-0.40	-0.14	-3.49	-1.42	3.29
EBIT Less CapEx to Interest Expense	0.69	-0.42	-0.29	-0.62	-0.73	0.10	-5.18	-2.05	3.83
NOPAT Less CapEx to Interest Expense	1.01	-0.31	-0.27	-0.56	-0.56	-1.08	-3.68	-1.45	3.24
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-92.31%	-195.70%	0.00%	-261.76%	-0.47%	0.00%	0.00%

No quarterly metrics and ratios for Spotify Technology are available.

Frequently Asked Questions About Spotify Technology's Financials

When does Spotify Technology's financial year end?

According to the most recent income statement we have on file, Spotify Technology's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Spotify Technology's net income changed over the last 8 years?

Spotify Technology's net income appears to be on a downward trend, with a most recent value of $1.18 billion in 2024, falling from -$567.03 million in 2016. The previous period was -$588.50 million in 2023.

What is Spotify Technology's operating income?

Spotify Technology's total operating income in 2024 was $1.41 billion, based on the following breakdown:

Total Gross Profit: $4.89 billion
Total Operating Expenses: $3.48 billion

How has Spotify Technology revenue changed over the last 8 years?

Over the last 8 years, Spotify Technology's total revenue changed from $3.11 billion in 2016 to $16.22 billion in 2024, a change of 422.4%.

How much debt does Spotify Technology have?

Spotify Technology's total liabilities were at $6.71 billion at the end of 2024, a 4.1% increase from 2023, and a 94.6% increase since 2017.

How much cash does Spotify Technology have?

In the past 7 years, Spotify Technology's cash and equivalents has ranged from $572.99 million in 2017 to $4.95 billion in 2024, and is currently $4.95 billion as of their latest financial filing in 2024.

How has Spotify Technology's book value per share changed over the last 8 years?

Over the last 8 years, Spotify Technology's book value per share changed from 0.00 in 2016 to 29.01 in 2024, a change of 2,900.9%.

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This page (NYSE:SPOT) was last updated on 4/14/2025 by MarketBeat.com Staff

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Spotify Technology (SPOT) Financials

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Spotify Technology (SPOT) Financials

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