NETFLIX INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $45.2B | $39.0B | $33.7B | $31.6B | $29.7B |
| Cost of revenue | $23.3B | $21.0B | $19.7B | $19.2B | $17.3B |
| Research and development | $3.4B | $2.9B | $2.7B | $2.7B | $2.3B |
| Operating income | $13.3B | $10.4B | $7.0B | $5.6B | $6.2B |
| Interest expense | $776.5M | $718.7M | $699.8M | $706.2M | $765.6M |
| Pretax income | $12.7B | $10.0B | $6.2B | $5.3B | $5.8B |
| Income tax expense | $1.7B | $1.3B | $797.4M | $772.0M | $723.9M |
| Net income | $11.0B | $8.7B | $5.4B | $4.5B | $5.1B |
| Balance Sheet | |||||
| Cash and equivalents | $9.0B | $7.8B | $7.1B | $5.1B | $6.0B |
| Current assets | $13.0B | $13.1B | $9.9B | $9.3B | $8.1B |
| Total assets | $55.6B | $53.6B | $48.7B | $48.6B | $44.6B |
| Current liabilities | $11.0B | $10.8B | $8.9B | $7.9B | $8.5B |
| Total liabilities | $29.0B | $28.9B | $28.1B | $27.8B | $28.7B |
| Stockholders' equity | $26.6B | $24.7B | $20.6B | $20.8B | $15.8B |
| Cash Flow Statement | |||||
| Cash from operations | $10.1B | $7.4B | $7.3B | $2.0B | $392.6M |
| Depreciation and amortization | $333.4M | $328.9M | $356.9M | $336.7M | $208.4M |
| Stock-based compensation | $368.4M | $272.6M | $339.4M | $575.5M | $403.2M |
| Capital expenditure | $688.2M | $439.5M | $348.6M | $407.7M | $524.6M |
| Free cash flow | $9.5B | $6.9B | $6.9B | $1.6B | -$132.0M |
| Share repurchases | $9.1B | $6.3B | $6.0B | $0 | $600.0M |
Shares outstanding 4.2B · Free float 98.7%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.