Spotify Technology S.A.
Spotify Technology S.A. is classed by the SEC under Radio Broadcasting Stations (industry code 4832), based in Luxembourg, LU. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of EUR 665 million and a profit of EUR 2.2 billion (its filed statements).
vs its business-model standard
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a advertising business: prior from its industry code (SEC 4832, Radio Broadcasting Stations); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 7.1 out of ten, 8 of 9 metrics filed and 1 estimated: past 6.4 out of ten, present 7.6 out of ten, future 7.2 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
- Surviving crises (past): 8.5 out of ten. No warning events in its filings since 2017. 85th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Track record (past): 7.3 out of ten. +21.6% a year over 10 filed years; profitable in 2 of 10. 73rd percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Shareholder treatment (past): 1.7 out of ten. Share count grew 2.4% a year. 7% of cash flow returned. Insiders: 64 sales, 0 purchases. 17th percentile among 8 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Financial health (present): 7.8 out of ten. ROE 27%: 27¢ of profit per shareholder dollar. Leverage 45%: owes 45¢ per asset dollar. 78th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Industry position (present): 8.5 out of ten. top 15% of 10 in its family; net margin 12.9%. 85th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Leadership (present): 5.7 out of ten. CrossAssetData estimate 5.7/10, confidence 20 of 100 (family median). 50th percentile among 7 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
- Room to expand (future): 7.5 out of ten. top 25% of 10 in its family for room to expand. 75th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Growth drivers (future): 6.7 out of ten. top 33% of 10 in its family for growth drivers. 67th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
- Expectations vs reality (future): 7.7 out of ten. top 23% of 10 in its family for expectations against reality. 77th percentile among 10 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 20-F filed 2026-02-10 for the period ended 2025-12-31 (on EDGAR). Newest filing: Form 4, 2026-10-05. Filings on record since 2015. Read from EDGAR 2026-10-12.
Who runs it
Norstrom, Alex (Co-Chief Executive Officer); Soderstrom, Gustav (Co-Chief Executive Officer); Luiga, Christian (Chief Financial Officer); Giraldo, John P (Chief Accounting Officer); Jenkins, Dustee (Chief Public Affairs Officer); Lundstrom, Anna (Chief Human Resources Officer); Lorentzon, Sven Hans Martin (director); Marshall, Christopher P (director); Mccarthy, Barry (director); Mehrotra, Shishir (director); and 6 more. 16 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-05.
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