NFLX

Company financials

Netflix

Communication Services Movies & Entertainment Los Gatos, California Last filing Jan 23, 2026 · FY2025

                    Revenue
                    FY2025
                
$45.2B
                    3y CAGR +12.6%
                    
                    P79
                    
                    +15.9%
                    
                    Net income
                    FY2025
                
$11.0B
                    Net margin +24.3%
                    
                    P89
                    
                    +26.1%
                    
                    Total assets
                    FY2025
                
$55.6B
                    ROA +19.8%
                    
                    P95
                    
                    +3.7%
                    
                    Operating cash flow
                    FY2025
                
$10.1B
                    FCF margin +20.9%
                    
                    P76
                    
                    +37.9%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $55.6B

Total liabilities $29.0B

Shareholders equity $26.6B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	16.2%	14.6%	14.6%
Short Term Investments	0.1%	3.3%	0.0%
Accounts Receivable	2.6%	3.3%	2.2%
Prepaid Expenses	0.9%	0.8%	0.8%
Other Current Assets	7.1%	6.6%	5.7%
Total Current Assets	23.4%	24.4%	20.4%
Property,Plant and Equipment	3.6%	3.0%	3.1%
Operating Lease Assets	4.0%	3.9%	4.3%
Long Term Investments	0.1%	3.3%	0.0%
Other Noncurrent Assets	14.0%	12.1%	11.6%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	1.6%	1.7%	1.5%
Accrued Liabilities	5.8%	4.0%	3.7%
Deferred Revenue	3.2%	2.8%	3.0%
Current Portion of Long Term Debt	1.8%	3.3%	0.8%
Operating Lease Liabilities	0.8%	0.8%	0.8%
Other Current Liabilities	5.3%	4.8%	5.3%
Total Current Liabilities	19.8%	20.1%	18.2%
Long Term Debt	24.2%	25.7%	29.0%
Operating Lease Liabilities Noncurrent	3.7%	3.7%	4.2%
Other Noncurrent Liabilities	5.3%	4.8%	5.3%
Total Liabilities	52.1%	53.9%	57.8%
Equity
Common Stock	13.1%	11.7%	10.6%
Retained Earnings	76.1%	58.4%	46.4%
Treasury Stock	16.5%	11.6%	12.5%
Accumulated Other Comprehensive Income	-1.0%	0.7%	-0.5%
Total Stockholders Equity	47.9%	46.1%	42.2%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $45.2B

Operating income $13.3B

Net income $11.0B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	81.3%	72.7%	69.2%
Expenses Cost of Revenue	41.9%	39.2%	40.5%
Expenses Research and Development	6.1%	5.5%	5.5%
Expenses Selling,General and Administrative	3.4%	3.2%	3.5%
Expenses Depreciation and Amortization	0.6%	0.6%	0.7%
Expenses Share Based Compensation	0.7%	0.5%	0.7%
Other Income Expense Operating Income	24.0%	19.4%	14.3%
Other Income Expense Income Before Tax	22.9%	18.6%	12.7%
Income Tax Income Tax Expense	3.1%	2.3%	1.6%
net Income net Income	19.8%	16.2%	11.1%
net Income Comprehensive Income	18.1%	17.3%	11.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	7.6%	8.0%	9.1%
Earnings Per Share Weighted Average Shares Diluted	7.8%	8.2%	9.2%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $10.1B

Investing cash flow $1.0B

Financing cash flow $-10.3B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	19.8%	16.2%	11.1%
Operating Activities Depreciation and Amortization	0.6%	0.6%	0.7%
Operating Activities Stock Based Compensation	0.7%	0.5%	0.7%
Operating Activities Deferred Income Taxes	-0.8%	-1.1%	-1.1%
Operating Activities Changes In Operating Assets and Liabilities	2.0%	0.7%	0.8%
Operating Activities net Cash From Operating Activities	18.3%	13.7%	14.9%
Investing Activities Capital Expenditures	1.2%	0.8%	0.7%
Investing Activities Business Acquisitions	0.0%	0.0%	0.0%
Investing Activities Purchases of Investments	0.3%	3.2%	1.0%
Investing Activities net Cash From Investing Activities	1.9%	-4.1%	1.1%
Financing Activities Repayment of Debt	3.3%	0.7%	0.0%
Financing Activities Repurchase of Common Stock	16.4%	11.7%	12.4%
Financing Activities Proceeds From Stock Issuance	1.2%	1.6%	0.3%
Financing Activities Tax Withholding On Stock Based Compensation	0.1%	0.0%	0.0%
Financing Activities Other Financing Activities	-0.0%	-0.1%	-0.2%
Financing Activities net Cash From Financing Activities	-18.6%	-7.6%	-12.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.7%	-0.8%	0.2%
Cash Reconciliation net Change In Cash	2.2%	1.3%	4.0%
Cash Reconciliation Cash At Beginning of Period	16.3%	14.6%	14.6%
Cash Reconciliation Cash At End of Period	16.3%	14.6%	14.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+48.5%	+46.1%	+41.5%
Operating margin	+29.5%	+26.7%	+20.6%
Net margin	+24.3%	+22.3%	+16.0%
FCF margin	+20.9%	+17.7%	+20.5%
Growth
Revenue CAGR (3y)	+12.6%	+9.5%	+10.5%
Returns
ROE	+41.3%	+35.2%	+26.3%
ROA	+19.8%	+16.2%	+11.1%
ROIC	+35.9%	+28.0%	+21.6%
Liquidity
Current ratio	1.19x	1.22x	1.12x
Quick ratio	0.95x	0.89x	0.93x
Leverage
D/E	1.09x	1.17x	1.37x
Interest coverage	—	—	9.94x
Efficiency
Asset turnover	0.81x	0.73x	0.69x
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

NFLX $1.2K · 2025-09-29 · 351d old · FY2025

Market cap $5.2T

P/E 477.22x

P/S 115.98x

P/B 196.90x

EV $5.2T

EV/EBITDA 384.03x

FCF yield +0.2%

Dividend yield —

Notes

Your annotations

Not watched

Netflix

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history