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SPOT Current Contract Liabilities

Current Contract Liabilities

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As of Q4'25, SPOT's current contract liabilities reached USD 711M, marking the highest value in the period covered. This latest figure represents a notable increase from the previous quarter (USD 694.2M in Q3'25), continuing an upward trajectory observed in recent quarters. From Q1'23 to Q4'25, SPOT's current contract liabilities have generally trended upward, rising from USD 524M to USD 711M. The growth was steady throughout 2023 and accelerated into 2024, peaking at USD 683M in Q4'24 before a slight dip in early 2025, followed by a renewed increase. The overall pattern indicates consistent expansion in contract obligations, with only minor fluctuations, suggesting strong and growing customer commitments over the observed period.