Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Netflix Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Short-term investments
Other current assets
Current assets
Content assets, net
Property and equipment, net
Other non-current assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


Total assets exhibited a general upward trend over the observed period, from March 31, 2021, to December 31, 2025, although with some quarterly fluctuations. The most significant increases occurred between September 2024 and December 2025. A closer examination of the asset composition reveals distinct patterns within current and non-current asset categories.

Current Assets
Current assets demonstrated volatility throughout the period. After a decline from March 2021 to December 2021, they began to recover, peaking in June 2023. A subsequent decrease was observed through December 2023, followed by a substantial increase in the first half of 2024. By the end of 2025, current assets had stabilized, showing a slight increase from the beginning of the period. The composition of current assets shifted, with cash and cash equivalents generally decreasing from 2021 to 2022, then increasing significantly in 2023 and 2024 before stabilizing. Short-term investments were minimal until late 2022, increasing substantially in 2024, and then decreasing again in 2025. Other current assets showed a consistent upward trend, contributing to the overall fluctuations in total current assets.
Non-Current Assets
Non-current assets consistently represented the larger portion of total assets. Content assets, net, constituted the dominant component of non-current assets and exhibited a steady increase from March 2021 to December 2021, followed by a period of relative stability. Property and equipment, net, showed a consistent, albeit slower, upward trend throughout the entire period. Other non-current assets also increased steadily, with a more pronounced rise observed from 2023 onwards. The combined effect of these components resulted in a continuous increase in total non-current assets.

The relative proportion of current assets to total assets fluctuated. While non-current assets consistently formed the majority of the asset base, the increases in current assets in 2024 suggest a potential shift in liquidity management or short-term investment strategies. The substantial growth in both short-term investments and other current assets during this period warrants further investigation. Overall, the asset base expanded considerably, driven primarily by growth in non-current assets, particularly content assets, net, and a more dynamic pattern in current assets.


Assets: Selected Items


Current Assets: Selected Items