trivago (TRVG) Cash Flow: Operating & Free Cash Flow

trivago Cash Flow Statement Analysis

Values in millions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for trivago N.V. (TRVG) - Annual data in millions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	8.79	-23.70	-164.48	-127.22	10.70	-245.38	17.16	-20.82	-13.05
Depreciation & Amortization	6.54	3.75	4.56	6.13	8.35	10.85	11.98	13.05	11.02
Deferred Income Tax	-3.30	-9.75	-3.50	-19.73	8.86	-8.25	1.90	-1.45	-4.85
Stock Based Compensation	7.83	8.45	9.51	15.34	17.26	15.08	19.89	20.70	16.03
Change in Working Capital	-12.02	9.92	-15.89	5.36	-10.34	25.73	22.66	-19.32	-17.44
Change in Accounts Receivable	-9.13	-4.31	6.69	-10.11	-25.75	53.73	24.93	-14.41	-29.73
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14.28	-1.25
Change in Accounts Payable	3.66	6.90	-2.39	5.29	6.90	-26.62	-0.67	-18.01	13.59
Change in Other Working Capital	3.24	7.33	-20.19	1.56	-2.51	-1.38	-1.60	-1.17	-0.05
Other Operating Activities	0.77	31.58	197.60	166.65	6.56	209.83	0.62	3.24	-2.04
Net Cash from Operating Activities	7.73	20.25	27.80	66.27	32.54	7.87	74.22	-4.58	-10.34
Investing Activities
Capital Expenditures	-4.51	-2.80	-3.51	-3.98	-3.78	-5.50	-8.02	-24.78	-17.36
Acquisitions	-14.99	-10.21	0.00	-5.95	-4.30	-2.48	0.00	-0.67	-0.92
Purchases of Investments	-2.24	0.00	-25.23	-50.00	-1.35	-8.85	-10.00	0.00	0.00
Sales/Maturities of Investments	17.67	25.23	45.00	5.00	19.34	0.00	0.00	0.00	0.00
Other Investing Activities	3.53	0.01	0.03	0.02	0.11	0.64	0.04	1.31	-0.23
Net Cash from Investing Activities	-9.23	12.22	16.29	-54.91	10.02	-16.19	-17.98	-24.15	-18.29
Financing Activities
Common Stock Issued	0.00	0.00	0.00	0.12	1.27	0.00	0.00	0.16	207.84
Common Stock Repurchased	-1.17	-0.70	0.00	-19.63	0.00	0.00	0.00	0.00	-3.79
Dividends Paid	0.00	0.00	-184.38	0.00	0.00	0.00	0.00	-0.16	-0.16
Other Financing Activities	-0.09	-0.77	-6.06	-0.11	-0.22	-0.18	-0.10	0.16	-7.22
Net Cash from Financing Activities	-1.27	-0.77	-190.44	-19.62	1.05	-0.18	-0.10	0.16	-7.22
Summary
Effect of Forex Changes on Cash	-0.26	0.20	-0.39	0.47	2.34	-1.28	0.09	-0.02	-1.26
Net Change in Cash	-3.02	31.90	-146.74	-7.79	45.95	-9.77	56.24	-28.59	-37.10
Cash at Beginning of Period	134.09	102.19	248.93	256.72	210.77	220.54	164.31	192.90	227.30
Cash at End of Period	131.07	134.09	102.19	248.93	256.72	210.77	220.54	164.31	190.20
Free Cash Flow	3.22	17.45	24.29	62.29	28.76	2.37	66.20	-29.36	-27.70
Supplemental Disclosures
Interest Paid	0.04	0.02	0.01	0.05	0.38	-	-	-	-
Income Taxes Paid	0.27	-1.52	32.99	9.44	-4.85	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About trivago Cash Flow

What is trivago's free cash flow?

trivago generated free cash flow of EUR 3.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of EUR 7.73M minus EUR 4.51M of capital expenditures. That was down 81.6% from EUR 17.45M a year earlier. Free cash flow equaled 0.6% of revenue.

How much does trivago spend on capital expenditures?

trivago spent EUR 4.51M on capital expenditures in fiscal 2025, compared with EUR 2.80M a year earlier. That equals 58.4% of operating cash flow.

Does trivago pay dividends or buy back shares?

Yes. In fiscal 2025 trivago returned EUR 1.17M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition