Common-Size Balance Sheet: Assets
Quarterly Data
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- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Netflix Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 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).
The asset structure of the company is characterized by a heavy concentration in non-current assets, specifically content assets, though a gradual shift in composition is observable over the analyzed period. While total assets remain the baseline for common-size analysis, the relative weight of liquidity and long-term investments has fluctuated, indicating evolving capital allocation strategies.
- Current Asset Dynamics
- Current assets exhibited a decline from 25.19% in March 2021 to a low of 16.92% by June 2022, followed by a recovery to 23.70% by June 2026. This volatility is primarily driven by Cash and Cash Equivalents, which dropped from 20.94% in early 2021 to 10.59% by December 2022 before rebounding to a peak of 20.09% in March 2026. Short-term investments remained negligible for the first two years, appearing as a meaningful percentage only between December 2022 and March 2025, peaking at 3.38% in September 2024. Other current assets showed a consistent upward trajectory, nearly doubling from 4.25% to 8.08% over the period.
- Non-Current Asset Composition
- Non-current assets represented the majority of the balance sheet, peaking at 83.08% in June 2022 before moderating to 76.30% by June 2026. Content assets, net, constitute the largest single component of total assets. This item reached a peak of 70.19% in June 2022 and subsequently entered a downward trend, falling to 57.89% by June 2026. In contrast, Other non-current assets demonstrated steady growth, increasing from 7.37% in March 2021 to 14.30% in June 2026. Property and equipment, net, remained a small fraction of the total assets but experienced a gradual increase from 2.53% to 4.10%.
The overarching trend indicates a strategic pivot in the asset mix. The reduction in the relative proportion of content assets, coupled with the rise in other non-current assets and a late-period increase in cash reserves, suggests a diversification of the balance sheet. The company has moved from a period of peak content-heavy asset concentration toward a more balanced distribution between liquidity and long-term operational assets.