# Netflix, Inc. (NFLX) · Edgar & Edgarette company card

> Netflix (NFLX) grew revenue 15.9% in FY2025 to $45.2 billion, operating margin 29.5% against a -2.6% median for video tape rental, equity 47.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1065280 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/NFLX) · [JSON](https://www.pops4.com/boards/company/NFLX.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $45.2B |
| Revenue growth, 1 year | 15.9% |
| Revenue growth per year | 11.1% |
| Operating margin | 29.5% (prior year 26.7%) |
| Net margin | 24.3% |
| Operating cash flow | $10.1B |
| Capital spending | $688M |
| Free cash flow | $9.5B |
| Cash | $9.0B |
| Long-term debt | $13.5B |
| Total assets | $55.6B |
| Total equity | $26.6B |
| Equity ÷ assets | 47.9% |
| Return on equity | 41.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 5.29 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $45.2B (FY2025), total debt $13.5B. Experience: revenue up 15.9% on the year, up 11.1% a year over 4 years; operating margin 29.5%, up from 26.7%. Soundness: equity 47.9% of assets, return on equity 41.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $46.1B and $54.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $43.1B to $57.5B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, its industry group): operating margin 29.5% against a -2.6% median; growth 15.9% against 3.8%.

Range logged 2026-09-26, receipt c1b137f5a6083909, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-07-30 ([filing](https://www.sec.gov/Archives/edgar/data/1065280/000106528026000214/0001065280-26-000214-index.htm))

## Recent filings

- 10-Q · filed 2026-10-21 · [filing](https://www.sec.gov/Archives/edgar/data/1065280/000106528026000291/0001065280-26-000291-index.htm)
- 8-K · filed 2026-10-20 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/0001065280-26-000290-index.htm)
- 8-K · filed 2026-07-30 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1065280/000106528026000214/0001065280-26-000214-index.htm)
- 8-K · filed 2026-07-22 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1065280/000119312526312575/0001193125-26-312575-index.htm)
- 10-Q · filed 2026-07-17 · [filing](https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/0001065280-26-000212-index.htm)
- 8-K · filed 2026-07-16 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1065280/000106528026000211/0001065280-26-000211-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001065280.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1065280

## Cite

POPS4, Edgar & Edgarette: Netflix, Inc. (NFLX) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/NFLX. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.