← NETFLIX INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $1.5b | $2.8b | $3.8b | $5.0b | $8.2b | $6.0b | $5.1b | $7.1b | $7.8b | $9.0b | |
| Cash and cash equivalents | $1.5b | $2.8b | $3.8b | $5.0b | $8.2b | $6.0b | $5.1b | $7.1b | $7.8b | $9.0b | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | — | $6.1b | $7.1b | — | — | |
| Other current assets | $260.2m | $536.2m | $748.5m | $1.2b | $1.6b | $2.0b | $3.2b | $2.8b | $3.5b | $4.0b | |
| Short-term Investments | $266.2m | $0 | — | — | — | $0 | $911.3m | $21.0m | $1.8b | $28.7m | |
| Assets, Current | $5.7b | $7.7b | $9.7b | $6.2b | $9.8b | $8.1b | $9.3b | $9.9b | $13.1b | $13.0b | |
| Total current assets | $5.7b | $7.7b | $9.7b | $6.2b | $9.8b | $8.1b | $9.3b | $9.9b | $13.1b | $13.0b | |
| Property, Plant and Equipment, Net | $250.4m | $319.4m | $418.3m | $565.2m | $960.2m | $1.3b | $1.4b | $1.5b | $1.6b | $2.0b | |
| Operating Lease, Right-of-Use Asset | — | — | — | $1.5b | $2.0b | $2.4b | $2.2b | $2.1b | $2.1b | $2.2b | |
| Other Assets, Noncurrent | $341.4m | $652.3m | $901.0m | $2.7b | $3.2b | $4.3b | $5.2b | $5.7b | $6.5b | $7.8b | |
| Additional Financial Items | |||||||||||
| Accrued Liabilities, Current | $197.6m | $315.1m | $477.4m | $843.0m | $1.1b | $1.4b | $1.5b | $1.8b | $2.2b | $3.2b | |
| Content assets, net | $7.3b | $10.4b | $15.0b | $24.5b | $25.4b | $30.9b | $32.7b | $31.7b | $32.5b | $32.8b | |
| Current content liabilities | $3.6b | $4.2b | $4.7b | $4.4b | $4.4b | $4.3b | $4.5b | $4.5b | $4.4b | $4.1b | |
| Non-current content liabilities | $2.9b | $3.3b | $3.8b | $3.3b | $2.6b | $3.1b | $3.1b | $2.6b | $1.8b | $1.6b | |
| Other non-current assets | $341.4m | $652.3m | $901.0m | $2.7b | $3.2b | $4.3b | $5.2b | $5.7b | $6.5b | $7.8b | |
| Other non-current liabilities | $61.2m | $135.2m | $129.2m | $1.4b | $2.0b | $2.5b | $2.5b | $2.6b | $2.6b | $3.0b | |
| Total stockholders’ equity | $2.7b | $3.6b | $5.2b | $7.6b | $11.1b | $15.8b | $20.8b | $20.6b | $24.7b | $26.6b | |
| Assets | $13.6b | $19.0b | $26.0b | $34.0b | $39.3b | $44.6b | $48.6b | $48.7b | $53.6b | $55.6b | |
| Total assets | $13.6b | $19.0b | $26.0b | $34.0b | $39.3b | $44.6b | $48.6b | $48.7b | $53.6b | $55.6b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders’ equity | $13.6b | $19.0b | $26.0b | $34.0b | $39.3b | $44.6b | $48.6b | $48.7b | $53.6b | $55.6b | |
| Current liabilities: | |||||||||||
| Accounts Payable, Current | $312.8m | $359.6m | $563.0m | $674.3m | $656.2m | $837.5m | $671.5m | $747.4m | $899.9m | $900.6m | |
| Accrued expenses and other liabilities | $197.6m | $315.1m | $477.4m | $843.0m | $1.1b | $1.4b | $1.5b | $1.8b | $2.2b | $3.2b | |
| Deferred Revenue, Current | $443.5m | $618.6m | $760.9m | $924.7m | $1.1b | $1.2b | $1.3b | $1.4b | $1.5b | $1.8b | |
| Long-term Debt, Excluding Current Maturities | $3.4b | $6.5b | $10.4b | $14.8b | $15.8b | $14.7b | $14.4b | $14.1b | $13.8b | $13.5b | |
| Operating Lease, Liability, Current | — | — | — | $190.6m | $256.2m | $315.2m | $356.0m | $383.3m | $428.5m | $460.5m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $1.4b | $1.9b | $2.4b | $2.2b | $2.0b | $2.0b | $2.1b | |
| Short-term debt | — | — | — | $0 | $499.9m | $699.8m | $0 | $399.8m | $1.8b | $998.9m | |
| Liabilities, Current | $4.6b | $5.5b | $6.5b | $6.9b | $7.8b | $8.5b | $7.9b | $8.9b | $10.8b | $11.0b | |
| Total current liabilities | $4.6b | $5.5b | $6.5b | $6.9b | $7.8b | $8.5b | $7.9b | $8.9b | $10.8b | $11.0b | |
| Other Liabilities, Noncurrent | $61.2m | $135.2m | $129.2m | $1.4b | $2.0b | $2.5b | $2.5b | $2.6b | $2.6b | $3.0b | |
| Liabilities | $10.9b | $15.4b | $20.7b | $26.4b | $28.2b | $28.7b | $27.8b | $28.1b | $28.9b | $29.0b | |
| Total liabilities | $10.9b | $15.4b | $20.7b | $26.4b | $28.2b | $28.7b | $27.8b | $28.1b | $28.9b | $29.0b | |
| Stockholders’ equity: | |||||||||||
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($48.6m) | ($20.6m) | ($19.6m) | ($23.5m) | $44.4m | ($40.5m) | ($217.3m) | ($223.9m) | $362.2m | ($580.4m) | |
| Accumulated other comprehensive income (loss) | ($48.6m) | ($20.6m) | ($19.6m) | ($23.5m) | $44.4m | ($40.5m) | ($217.3m) | ($223.9m) | $362.2m | ($580.4m) | |
| Common Stock, Value, Issued | $1.6b | $1.9b | $2.3b | $2.8b | $3.4b | $4.0b | $4.6b | $5.1b | $6.3b | $7.3b | |
| Common stock, $0.001 par value; 49,900,000,000 shares authorized at December 31, 2025 and December 31, 2024; 4,222,162,150 and 4,277,571,000 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 160.0b | 187.1b | 231.6b | 279.4b | 344.8b | 402.5b | 463.8b | 514.5b | 625.2b | 7.3b | |
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2025 and December 31, 2024; no shares issued and outstanding at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Earnings (Accumulated Deficit) | $1.1b | $1.7b | $2.9b | $4.8b | $7.6b | $12.7b | $17.2b | $22.6b | $31.3b | $42.3b | |
| Treasury stock at cost (346,541,145 and 259,534,600 shares at December 31, 2025 and December 31, 2024) | — | — | — | — | $0 | ($824.2m) | ($824.2m) | ($6.9b) | ($13.2b) | ($22.4b) | |
| Stockholders' Equity Attributable to Parent | $2.7b | $3.6b | $5.2b | $7.6b | $11.1b | $15.8b | $20.8b | $20.6b | $24.7b | $26.6b | |
| Liabilities and Equity | $13.6b | $19.0b | $26.0b | $34.0b | $39.3b | $44.6b | $48.6b | $48.7b | $53.6b | $55.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.