Spotify Technology S.A. risk profile
40 Elevated one input has moved against it
Measured 1 September 2026 from SPOT's filed statements. Recomputed nightly.
40 (Elevated), driven by Competitive position at 50, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 46 | Elevated | Volatile | One-year price volatility — 44.2% |
| Operating pressure | 13 | Contained | Worsening | Costs outgrowing revenue — -4.9 percentage points |
| Cash conversion | 20 | Normal | Worsening | Cash conversion — 1.33x |
| Leverage and coverage | 9 | Contained | Stable | Current ratio — 1.72x |
| Competitive position | 50 | Elevated | Stable | Operating-margin gap against peers — -3.3 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.
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Financials, valuation and price history for Spotify Technology S.A.