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What changed in Netflix, Inc.'s latest annual report

In the year ended 31 Dec 2025, Netflix, Inc.'s revenue rose 15.9% to USD 45.18bn, from USD 39.00bn; net income rose 26.1% to USD 10.98bn, from USD 8.71bn; cash and cash equivalents rose 15.7% to USD 9.03bn, from USD 7.80bn.

Year ended 31 Dec 2025. Source: 10-K filed 23 Jan 2026, read it on SEC EDGAR.

USD 39.00bn to USD 45.18bn

Revenue, up 15.9% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue39.00bn45.18bnUp 15.9%
Net income8.71bn10.98bnUp 26.1%
Total assets53.63bn55.60bnUp 3.7%
Total liabilities28.89bn28.98bnUp 0.3%
Long-term debt13.80bn13.46bnDown 2.4%
Cash and cash equivalents7.80bn9.03bnUp 15.7%
Shareholders' equity24.74bn26.62bnUp 7.6%

Questions people ask

Did Netflix, Inc.'s revenue grow last year?

Revenue grew 15.9%, from USD 39.00bn to USD 45.18bn in the year ended 31 Dec 2025.

Is Netflix, Inc. profitable?

Yes. Net income was USD 10.98bn in the year ended 31 Dec 2025. The year before: USD 8.71bn.

How much cash and debt does Netflix, Inc. have?

At its latest year end (31 Dec 2025), Netflix, Inc. reported cash and cash equivalents of USD 9.03bn and long-term debt of USD 13.46bn.

Where do these numbers come from?

From Netflix, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Netflix, Inc. (NFLX) 10-K: what changed year on year | LYNORIQ Insights