NFLX: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	45.18bn	39.00bn
Cost of revenue	23.28bn	21.04bn
Research and development	3.39bn	2.93bn
Selling, general and administrative	1.89bn	1.70bn
Operating income	13.33bn	10.42bn
Pre-tax income	12.72bn	9.97bn
Income tax	1.74bn	1.25bn
Net income	10.98bn	8.71bn
Earnings per share	2.58	2.03
Earnings per share, diluted	2.53	1.98
Weighted average shares	4.25bn	4.30bn
Weighted average shares, diluted	4.34bn	4.39bn

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	12.26bn	9.03bn	9.29bn	8.18bn	7.20bn	7.80bn	7.46bn	6.63bn
Short-term investments	29m	29m	37m	213m	1.17bn	1.78bn	1.77bn	31m
Current assets	17.07bn	13.02bn	12.96bn	11.99bn	11.70bn	13.10bn	12.13bn	9.62bn
Property, plant and equipment	2.15bn	2.00bn	1.84bn	1.74bn	1.64bn	1.59bn	1.57bn	1.51bn
Total assets	61.02bn	55.60bn	54.93bn	53.10bn	52.09bn	53.63bn	52.28bn	49.10bn
Current liabilities	12.13bn	10.98bn	9.73bn	8.94bn	9.72bn	10.76bn	10.71bn	10.14bn
Short-term debt	999m	999m	0	0	1.01bn	1.78bn	1.82bn	1.80bn
Long-term debt	13.36bn	13.46bn	14.46bn	14.45bn	14.01bn	13.80bn	14.16bn	12.18bn
Total liabilities	29.89bn	28.98bn	28.98bn	28.15bn	28.06bn	28.89bn	29.56bn	26.99bn
Equity	31.13bn	26.62bn	25.95bn	24.95bn	24.03bn	24.74bn	22.72bn	22.11bn
Shares outstanding	4.21bn	4.22bn	424m	425m	426m	4.28bn	427m	429m
Shares issued	4.21bn	4.22bn	424m	425m	426m	4.28bn	427m	429m
Treasury shares	360m	347m	33m	31m	30m	260m	25m	22m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	10.15bn	7.36bn
Depreciation and amortisation	333m	329m
Share-based compensation	368m	273m
Capital expenditure	688m	440m
Investing cash flow	1.04bn	−2.18bn
Share buybacks	9.13bn	6.26bn
Financing cash flow	−10.35bn	−4.07bn