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Spotify Technology (SPOT) Financials

Spotify Technology logo
$614.81 +37.87 (+6.56%)
As of 03:59 PM Eastern
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Annual Income Statements for Spotify Technology

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

Quarterly Income Statements for Spotify Technology

No quarterly income statements for Spotify Technology are available.

Annual Cash Flow Statements for Spotify Technology

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

Quarterly Cash Flow Statements for Spotify Technology

No quarterly cash flow statements for Spotify Technology are available.

Annual Balance Sheets for Spotify Technology

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

Quarterly Balance Sheets for Spotify Technology

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

Annual Metrics and Ratios for Spotify Technology

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%

Quarterly Metrics and Ratios for Spotify Technology

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 4/30/2025 by MarketBeat.com Staff
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