trivago N.V. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data trivago N.V. files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	754	1,035	915	839	249	361	535	485	461	549
Cost of revenue	4.27	5.93	5.44	9.16	10.1	11.5	12.7	12	11.3	15.1
Gross profit	750	1,029	909	829	239	350	522	473	450	534
Selling and marketing	673	947	806	664	178	249	342	346	368	446
General and administrative	55.6	47.4	54.3	55.5	40.9	38.2	60.9	38.7	33.1	33.6
Operating income	-44.4	-20.4	-19.2	38.2	-253	10.1	-120	-157	-32.2	1.53
Interest expense	0.14	0.04	1.84	0.03	0.27	0.39	0.05	0.01	0.02	0.04
Interest income						0.17	0.62	5.21	3.56	2.46
Other non-operating income	-0.28	2.56	-1.3	-0.46	-0.48	13.2	0.02	4.72	3.9	6.5
Pre-tax income	-44.7	-17.8	-20.5	37.7	-253	23.3	-120	-152	-28.2	8.03
Income tax	6.67	-4.76	1.09	21	-8.49	12.6	6.57	12.4	-6.25	-5.36
Net income to minority interests	-0.71	-0.57	0	0
Net income	-50.7	-12.5	-21.5	17.2	-245	10.7	-127	-164	-23.7	11.2
EBITDA	-39.4	-12.6	-7.8	48.4	-242	18.3	-114	-152	-28.4	5.67
EPS, basic	0.00	-0.05	-0.06	0.05	-0.69	0.03	-0.36	-0.48	-0.07	0.03
EPS, diluted	0.00	-0.05	-0.06	0.05	-0.69	0.03	-0.36	-0.48	-0.07	0.03
Shares, basic (weighted)	238	275	351	352	353	358	358	345	350	352
Shares, diluted (weighted)	238	275	351	357	353	367	358	345	350	358

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	227	190	164	221	211	257	249	102	134	131
Short-term investments			0	10	19.4	0	45	25.2	0	11.9
Receivables	36.7	43.1	55	37.7	11.6	23.7	25.7
Other current assets	2.93	2.43	0.74	0.38	4.01	0.23	0.35	0.21	0.2	0.9
Total current assets	293	293	265	310	261	310	353	188	190	214
Property, plant and equipment	46.9	114	162	33.2	26.7	15.9	13.1	10.1	8.21	8.81
Lease right-of-use assets				96	86.8	48.3	45	42.3	39.9	37.6
Goodwill	491	490	491	491	283	287	182	0	0	13.8
Intangible assets	176	173	172	170	170	170	89.9	75.6	45.3	74.2
Other non-current assets	0.96	6.96	6.15	7.27	4.4	3.25	8.41	3.85	3.86	2.64
Total assets	1,007	1,078	1,096	1,108	831	835	692	325	301	358
Accounts payable	40	51.3	33.7	33.4	6.76	14.1	19.9	17.9	24.7	34.1
Accrued liabilities	12.6	9.13	9.65	14.8	14.9	16.3	8.68	9.87	17.7	10.5
Deferred revenue	5.08	8.9	7.9	5.6	2.8	2.2	1.7	1.2	1.04	3.93
Short-term debt	0
Total current liabilities	61.1	78.4	60.9	63.3	34.7	42.5	49.6	36	49.7	96.5
Lease liabilities				94.7	86	45.3	40.7	38.4	36.1	33.9
Other non-current liabilities	38.6	5.47	6.78	4.29	3.51	3.19	9.46	9.08	0.57	0.6
Total liabilities	153	224	242	213	166	141	130	110	103	145
Paid-in capital	585	730	757	781	798	836	864	681	687	693
Retained earnings	-180	-192	-214	-193	-438	-427	-555	-738	-762	-750
Treasury stock						0	-20	0
Other comprehensive income	0.02	-0.18	-0.09	0.06	0	0.04	0.05	0.08	0.27	-0.97
Shareholders' equity	654	854	854	895	665	694	562	215	198	213
Minority interests	200	0	0
Total equity	854	854	854	895	665	694	562	215	198	213
Total liabilities and equity	1,007	1,078	1,096	1,108	831	835	692	325	301	358

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-51.4	-13	-21.5	17.2	-245	10.7	-127	-164	-23.7	11.2
Depreciation and amortization	5.08	7.8	11.4	10.3	10.5	8.21	6	4.42	3.73	4.14
Stock-based compensation	53.7	16	20.7	19.9	15.1	17.3	15.3	9.51	8.45	7.83
Deferred income tax	-4.84	-5.2	-1.26	1.9	-8.25	8.86	-19.7	-3.5	-9.62	-12
Change in receivables	-11.3	-29.7	-13.4	24.9	53.7	-25.8	-10.1	6.69	-4.31	-9.42
Change in payables	13.9	13.6	-18	-0.67	-26.6	6.9	5.29	-2.39	6.9	5.3
Cash from operations	31.3	-8.52	-4.58	74.2	7.87	32.5	66.3	27.8	20.3	7.73
Capital expenditures	-8.12	-17.4	-24.8	-8.02	-5.5	-3.78	-3.98	-3.51	-2.8	-4.51
Acquisitions	0	-0.67	0	0	0	-4.3	0	0	0	-15
Purchases of investments		0	0	-10	-8.85	-1.35	-50	-25.2	0	-2.24
Sales and maturities of investments				0	0	19.3	5	45	25.2	11.2
Cash from investing	-9	-18.3	-24.1	-18	-16.2	10	-54.9	16.3	12.2	-9.23
Stock issued	209	0.04	0.16	0.2	0.09	1.27	0.12	0.37	0	0
Share buybacks					0	0	-19.6	0	0
Dividends paid						0	0	-184	0	0
Cash from financing	188	-7.22	0.16	-0.1	-0.18	1.05	-19.6	-190	-0.77	-1.27
Exchange rate effect	-0.05	-1.26	-0.02	0.09	-1.28	2.34	0.47	-0.39	0.2	-0.26
Net change in cash	210	-35.3	-28.6	56.2	-9.77	45.9	-7.79	-147	31.9	-3.02
Free cash flow	23.2	-25.9	-29.4	66.2	2.37	28.8	62.3	24.3	17.5	3.22
Interest paid	0.16	0	0.22	0.05	0.22	0.38	0.05	0.01	0.02	0.04
Income taxes paid	8.7	2.55	3.33	25.2	-0.48	-4.85	9.44	33	-1.52	0.27

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	97.3%	Gross profit / revenue.
Operating margin	0.3%	Operating income / revenue.
EBITDA margin	1.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	1.5%	Pre-tax income / revenue.
Net margin	2.0%	Net income / revenue.
FCF margin	0.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	1.4%	Cash from operations / revenue.
Effective tax rate	-66.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	5.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.4%	Net income / average total assets.
Return on invested capital (ROIC)	1.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	1.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.8%	Capital expenditures / revenue.
D&A / revenue	0.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	19.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	0.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	17.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	18.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	0.7%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	17.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-61.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-51.1%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-0.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-81.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-62.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	6.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-27.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-20.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	19.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-19.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-15.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.22x	Current assets / current liabilities.
Quick ratio	1.48x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.48x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	40.5%	Total liabilities / total assets.
Interest coverage	37.3x	Operating income / interest expense.
Working capital	€117.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	24.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	€125.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.67x	Revenue / average total assets.
Fixed asset turnover	64.5x	Revenue / average property, plant and equipment.
Days payables	711 days	365 x average accounts payable / cost of revenue.
FCF conversion	28.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	58.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	€0.03	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	€0.03	Net income per basic share, as reported (split-adjusted).
Revenue per share	€1.54	Revenue / diluted weighted shares.
FCF per share	€0.01	Free cash flow / diluted weighted shares.
Operating cash flow per share	€0.02	Cash from operations / diluted weighted shares.
Book value per share	€0.60	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	€0.35	Tangible book value / shares outstanding.
Cash per share	€0.40	(Cash + short-term investments) / shares outstanding.
Payout ratio	0.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	0.0%	Dividends paid / free cash flow, when free cash flow is positive.

What was trivago N.V.'s revenue in fiscal 2025?

trivago N.V. reported revenue of €548.9M for fiscal 2025, 19.1% higher than the year before.

Was trivago N.V. profitable in fiscal 2025?

Yes. Net income was €11.2M, a net margin of 2%.

How much free cash flow did trivago N.V. generate in fiscal 2025?

Cash from operations of €7.7M minus capital expenditures of €4.5M left free cash flow of €3.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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