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.

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

US$ in thousands

	Jun 30, 2026	Mar 31, 2026	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	9,099,232)	12,259,772)	9,033,681)	9,287,287)	8,177,405)	7,199,848)	7,804,733)	7,457,025)	6,624,939)	7,024,766)	7,116,913)	7,353,245)	7,662,788)	6,714,594)	5,147,176)	6,113,733)	5,819,449)	6,008,946)	6,027,804)	7,526,681)	7,777,530)	8,403,705)
Short-term investments	28,678)	28,678)	28,678)	37,105)	213,115)	1,171,142)	1,779,006)	1,766,902)	30,973)	20,973)	20,973)	514,201)	914,201)	1,112,910)	911,276)	—)	—)	—)	—)	—)	—)	—)
Other current assets	4,725,393)	4,782,532)	3,957,832)	3,638,543)	3,602,586)	3,326,642)	3,516,640)	2,905,172)	2,959,641)	2,875,574)	2,780,247)	2,912,028)	2,929,347)	2,655,119)	3,208,021)	2,703,170)	2,021,329)	2,089,069)	2,042,021)	1,889,106)	1,826,746)	1,703,803)
Current assets	13,853,303)	17,070,982)	13,020,191)	12,962,935)	11,993,106)	11,697,632)	13,100,379)	12,129,099)	9,615,553)	9,921,313)	9,918,133)	10,779,474)	11,506,336)	10,482,623)	9,266,473)	8,816,903)	7,840,778)	8,098,015)	8,069,825)	9,415,787)	9,604,276)	10,107,508)
Content assets, net	33,837,573)	33,376,295)	32,778,392)	32,639,879)	32,089,394)	32,040,839)	32,452,462)	32,175,382)	31,927,355)	31,662,100)	31,658,056)	31,749,861)	32,520,774)	32,349,184)	32,736,713)	32,777,340)	32,533,199)	31,191,920)	30,919,539)	28,974,045)	27,291,640)	26,043,991)
Property and equipment, net	2,398,848)	2,147,829)	2,004,350)	1,837,889)	1,743,566)	1,644,346)	1,593,756)	1,568,212)	1,510,958)	1,501,168)	1,491,444)	1,498,391)	1,471,968)	1,413,094)	1,398,257)	1,372,754)	1,361,920)	1,383,763)	1,323,453)	1,220,114)	1,107,437)	1,015,419)
Other non-current assets	8,360,717)	8,420,808)	7,794,060)	7,494,132)	7,273,598)	6,704,827)	6,483,777)	6,409,151)	6,045,029)	5,743,140)	5,664,359)	5,474,060)	5,318,395)	5,245,444)	5,193,325)	4,595,190)	4,615,038)	4,657,206)	4,271,846)	3,129,911)	2,967,616)	2,956,096)
Non-current assets	44,597,138)	43,944,932)	42,576,802)	41,971,900)	41,106,558)	40,390,012)	40,529,995)	40,152,745)	39,483,342)	38,906,408)	38,813,859)	38,722,312)	39,311,137)	39,007,722)	39,328,295)	38,745,284)	38,510,157)	37,232,889)	36,514,838)	33,324,070)	31,366,693)	30,015,506)
Total assets	58,450,441)	61,015,914)	55,596,993)	54,934,835)	53,099,664)	52,087,644)	53,630,374)	52,281,844)	49,098,895)	48,827,721)	48,731,992)	49,501,786)	50,817,473)	49,490,345)	48,594,768)	47,562,187)	46,350,935)	45,330,904)	44,584,663)	42,739,857)	40,970,969)	40,123,014)

Total assets exhibited a consistent long-term growth trajectory, increasing from approximately 40.1 billion USD in March 2021 to 58.5 billion USD by June 2026. While the growth was steady for several years, a notable peak occurred in March 2026, where total assets reached 61.0 billion USD before experiencing a moderate correction in the following quarter.

Liquidity and Current Asset Trends: Current assets showed significant volatility but overall growth, rising from 10.1 billion USD in March 2021 to 13.8 billion USD in June 2026. Cash and cash equivalents experienced a cyclical pattern, declining from 8.4 billion USD in early 2021 to a low of 5.1 billion USD in December 2022, before recovering to a peak of 12.3 billion USD in March 2026. Short-term investments remained negligible for much of the period, with intermittent spikes in early 2023 and late 2024, suggesting tactical shifts in cash management.
Content Asset Evolution: Content assets, net, represent the largest portion of the asset base. This category grew from 26.0 billion USD in March 2021 to 33.8 billion USD by June 2026. A period of relative stabilization was observed between December 2022 and December 2023, where values fluctuated narrowly around 31.6 billion to 32.7 billion USD, followed by a renewed upward trend starting in 2024.
Fixed and Other Non-Current Assets: Property and equipment, net, demonstrated a steady and uninterrupted increase, growing from 1.0 billion USD in March 2021 to 2.4 billion USD in June 2026, indicating continuous investment in physical infrastructure. Similarly, other non-current assets saw substantial growth, nearly tripling from 2.9 billion USD in March 2021 to 8.3 billion USD in June 2026, contributing significantly to the expansion of the total non-current asset base.
Balance Sheet Composition Analysis: The asset structure is heavily weighted toward non-current assets, particularly content. Non-current assets grew from 30.0 billion USD to 44.6 billion USD over the analyzed period. The proportion of total assets held as content assets remained dominant, though the growth of other non-current assets and the recovery of cash reserves in later periods have slightly diversified the asset mix.

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data