The company maintains a healthy liquidity profile with a current ratio of 1.91 as of 2026Q1, though this is offset by a significant accumulated deficit of -$758.4M that limits long-term equity growth.
| Total Current Assets | 233.2M | 214.09M | 190.27M | 187.93M | 353.2M | 310.39M | 260.79M | 310.29M | 266.24M | 293.28M | 292.87M | 66.2M | 36.41M |
| Cash & Short-Term Investments | 138.45M | 142.81M | 133.75M | 127.07M | 293.58M | 256.38M | 227.8M | 228.11M | 161.87M | 190.2M | 227.3M | 17.56M | 6.14M |
| Cash Only | 136.28M | 130.94M | 133.75M | 101.85M | 248.58M | 256.38M | 208.35M | 218.11M | 161.87M | 190.2M | 227.3M | 17.56M | 6.14M |
| Short-Term Investments | 2.17M | 11.88M | 0 | 25.23M | 45M | 0 | 19.45M | 10M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 84.67M | 64.77M | 49.73M | 49.48M | 50.61M | 43.74M | 22.45M | 77.45M | 94.92M | 82.13M | 53.16M | 43.35M | 25.03M |
| Days Sales Outstanding | 49.63 | 43.07 | 39.38 | 37.24 | 34.53 | 44.17 | 32.92 | 33.71 | 37.87 | 28.95 | 25.73 | 32.09 | 29.54 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.73M | 16.43M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | 519.13 | 1.01K | - | - | - |
| Other Current Assets | 779.81K | 1.04M | 643K | 552K | 692K | 227K | 4.11M | 505K | 860K | 4.62M | 3.81M | 685K | 501K |
| Total Non-Current Assets | 143.98M | 144.36M | 110.45M | 137.14M | 338.39M | 524.13M | 570.11M | 797.73M | 830.29M | 785.17M | 714.37M | 694.06M | 714.39M |
| Property, Plant & Equipment | 45.72M | 46.44M | 48.08M | 52.35M | 58.1M | 64.23M | 113.49M | 129.2M | 162M | 114.47M | 46.86M | 12.85M | 4.01M |
| Fixed Asset Turnover | 12.23x | 11.82x | 9.59x | 9.26x | 9.21x | 5.63x | 2.19x | 6.49x | 5.65x | 9.04x | 16.09x | 38.36x | 77.20x |
| Goodwill | 14.03M | 13.8M | 0 | 0 | 181.93M | 286.54M | 282.66M | 490.59M | 490.53M | 490.45M | 490.5M | 490.36M | 487.95M |
| Intangible Assets | 73.41M | 74.17M | 45.34M | 75.61M | 89.95M | 170.09M | 169.55M | 169.92M | 171.61M | 173.29M | 176.05M | 189.91M | 219.9M |
| Long-Term Investments | 34.71M | 7.51M | 17.03M | 9.18M | 1.35M | 1.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.53M | 0 | 0 | 0 | 7.06M | 1.93M | 4.4M | 7.27M | 6.15M | 6.96M | 955K | 936K | 2.53M |
| Total Assets | 377.19M | 358.45M | 300.72M | 325.07M | 691.59M | 834.52M | 830.9M | 1.11B | 1.1B | 1.08B | 1.01B | 760.25M | 750.8M |
| Asset Turnover | 1.63x | 1.53x | 1.53x | 1.49x | 0.77x | 0.43x | 0.30x | 0.76x | 0.83x | 0.96x | 0.75x | 0.65x | 0.41x |
| Asset Growth % | 58.83% | 19.2% | -7.49% | -53% | -17.13% | 0.44% | -25.01% | 1.05% | 1.68% | 7.07% | 32.49% | 1.26% | - |
| Total Current Liabilities | 122.08M | 96.5M | 49.68M | 35.99M | 49.62M | 42.47M | 34.71M | 63.35M | 60.92M | 78.39M | 61.1M | 72.01M | 15.97M |
| Accounts Payable | 45.56M | 34.14M | 24.67M | 17.93M | 19.94M | 14.05M | 6.75M | 33.39M | 33.66M | 51.31M | 39.97M | 26.26M | 12.86M |
| Days Payables Outstanding | 638.39 | 825.56 | 799.2 | 546.69 | 573.51 | 446.03 | 243.32 | 1.33K | 2.26K | 3.16K | 3.41K | 3.25K | 3.25K |
| Short-Term Debt | 2.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.13M | 0 |
| Deferred Revenue (Current) | 139.95M | 38.46M | 1.04M | 1.18M | 1.69M | 2.17M | 2.75M | 5.55M | 7.86M | 8.94M | 5.08M | 12.37M | -1.04M |
| Other Current Liabilities | 10.03M | -3.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.9M | 1.95M |
| Current Ratio | 1.91x | 2.22x | 3.83x | 5.22x | 7.12x | 7.31x | 7.51x | 4.90x | 4.37x | 3.74x | 4.79x | 0.92x | 2.28x |
| Quick Ratio | 1.91x | 2.22x | 3.83x | 5.22x | 7.12x | 7.31x | 7.51x | 4.90x | 4.24x | 3.53x | 4.79x | 0.92x | 2.28x |
| Cash Conversion Cycle | -588.76 | - | - | - | - | - | - | - | -1.7K | -2.12K | - | - | - |
| Total Non-Current Liabilities | 46.37M | 48.65M | 53.43M | 74.06M | 80.23M | 98.27M | 131.67M | 149.88M | 181.34M | 146.09M | 92.07M | 65.97M | 70.25M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 136.51M | 33.86M | 36.07M | 38.43M | 40.73M | 45.27M | 85.98M | 94.66M | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 54.52M | 14.19M | 16.8M | 26.55M | 30.05M | 49.81M | 42.18M | 50.93M | 46.86M | 48.3M | 53.16M | 57.99M | 68.44M |
| Other Non-Current Liabilities | 622.65K | 600.74K | 565K | 9.07M | 9.46M | 3.19M | 3.51M | 4.29M | 181.04M | 146.09M | 38.92M | 7.97M | 70.25M |
| Total Liabilities | 168.45M | 145.15M | 103.11M | 110.05M | 129.86M | 140.74M | 166.38M | 213.22M | 242.27M | 224.48M | 153.18M | 137.97M | 86.23M |
| Total Debt | 35.79M | 36.34M | 38.43M | 40.73M | 45.27M | 47.54M | 93.17M | 99.7M | 127.7M | 92.32M | 0 | 20M | 1.04M |
| Net Debt | -100.49M | -94.59M | -95.31M | -61.11M | -203.32M | -208.84M | -115.19M | -118.41M | -34.17M | -97.88M | -227.3M | 2.44M | -5.1M |
| Debt / Equity | 0.17x | 0.17x | 0.19x | 0.19x | 0.08x | 0.07x | 0.14x | 0.11x | 0.15x | 0.11x | - | 0.03x | 0.00x |
| Debt / EBITDA | 4.26x | 6.41x | - | - | - | 2.58x | - | 1.99x | - | - | - | - | 0.92x |
| Net Debt / EBITDA | -11.97x | -16.68x | - | - | - | -11.35x | - | -2.36x | - | - | - | - | -4.51x |
| Interest Coverage | 97.92x | 149.90x | -1660.59x | -12654.33x | -2356.78x | 60.87x | -936.53x | 1143.12x | -10.13x | -403.84x | -325.43x | -343.79x | -2884.45x |
| Total Equity | 208.73M | 213.3M | 197.6M | 215.02M | 561.74M | 693.78M | 664.52M | 894.79M | 854.26M | 853.98M | 854.07M | 624.36M | 664.57M |
| Equity Growth % | 12.11% | 7.94% | -8.1% | -61.72% | -19.03% | 4.4% | -25.73% | 4.74% | 0.03% | -0.01% | 36.79% | -6.05% | - |
| Book Value per Share | 2.95 | 2.98 | 2.83 | 3.12 | 7.91 | 9.73 | 9.40 | 12.54 | 12.17 | 15.55 | 17.96 | 13.28 | 14.13 |
| Total Shareholders' Equity | 208.73M | 213.3M | 197.6M | 215.02M | 561.74M | 693.78M | 664.52M | 894.79M | 854.26M | 853.98M | 654.26M | 622.28M | 664.57M |
| Common Stock | 149.6M | 149.42M | 149.33M | 149.14M | 149.94M | 162.98M | 182.27M | 184.06M | 193.77M | 193.74M | 127.21M | 48K | 38K |
| Retained Earnings | -758.39M | -750.31M | -761.53M | -737.83M | -554.6M | -427.38M | -438.08M | -192.7M | -212.99M | -192.32M | -179.84M | -129.16M | -90.03M |
| Treasury Stock | 0 | 0 | 0 | 0 | -19.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 817.52M | 814.19M | 687.5M | 681.41M | 864.04M | 835.88M | 798.02M | 781.12M | 751.17M | 730.25M | 584.69M | 695.86M | 701.86M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 199.81M | 2.08M | 0 |
SEM bidding cost inflation
According to recent financial statements, trivago's total assets have grown from $325.1M in 2023Q4 to $377.2M in 2026Q1, a trend that appears driven by fluctuating cash positions and deferred revenue shifts rather than a fundamental strengthening of the underlying long-term asset base or capital investment.
The expansion in total assets appears largely superficial, as it is heavily influenced by seasonal working capital movements rather than organic growth in productive capacity. Investors should monitor whether this asset growth translates into improved operational efficiency or if it merely reflects temporary cash accumulation during peak travel cycles.
As reported in quarterly filings, the company maintains a current ratio of 1.91 as of 2026Q1, down from a peak of 5.22 in 2023Q4, suggesting that while liquidity remains adequate, the margin of safety is narrowing as the company manages its seasonal cash requirements.
The decline in the current ratio indicates a more efficient, albeit tighter, management of working capital compared to the excess liquidity held in prior periods. This liquidity profile appears sufficient to navigate short-term operational volatility, provided that the company does not face unexpected spikes in marketing costs that would rapidly deplete cash reserves.
Based on the provided balance sheet data, the company's equity position is significantly burdened by a persistent accumulated deficit, which reached -$758.4M in 2026Q1, reflecting the long-term challenge of achieving sustained profitability despite the company's asset-light business model and high gross margins.
The substantial negative retained earnings suggest that historical capital allocation has not generated sufficient returns to offset operating losses. This structural deficit warrants further investigation into whether the current strategic pivot toward brand-led growth can realistically reverse this trend or if it will continue to erode shareholder equity over time.
Analysis of the balance sheet reveals that goodwill has declined from $75.6M in 2023Q4 to $14.0M in 2026Q1, a significant reduction that may indicate management's recognition of past acquisition overvaluations or a strategic shift away from assets that no longer support the core metasearch business model.
The sharp reduction in goodwill suggests a necessary cleanup of the balance sheet, which may reduce the risk of future large-scale impairment charges. However, investors should remain cautious, as the remaining intangible assets may still be subject to revaluation if the competitive environment against major search engines continues to intensify.
Quick answers to the most common questions about buying TRVG stock.
As of 2025, trivago N.V. (TRVG) had total assets of $358.4M including $214.1M in current assets.
trivago N.V. (TRVG) carries total debt of $36.3M, offset by $142.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
trivago N.V. (TRVG) has total shareholders' equity (book value) of $213.3M ($2.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
trivago N.V. (TRVG) reported a current ratio of 2.22x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.