Recursion Pharmaceuticals Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Net Income	-715.54	-463.66	-328.07	-239.48	-186.48	-87.01	Upgrade
Depreciation & Amortization	77.17	36.49	24.4	11.76	8.41	3.94	Upgrade
Asset Writedown & Restructuring Costs	28.04	0.11	1.19	2.81	-	0.87	Upgrade
Stock-Based Compensation	118.24	81.69	53.5	27.91	14.84	4.29	Upgrade
Other Operating Activities	37.37	24.2	11.45	8.56	4.92	1.66	Upgrade
Change in Accounts Receivable	31.88	-6.07	-7.76	-0	-5.38	-1.12	Upgrade
Change in Accounts Payable	1.09	6.44	-0.99	1.77	1.75	-0.19	Upgrade
Change in Unearned Revenue	-35.68	-28.04	-41.08	110.32	-10	26.67	Upgrade
Change in Other Net Operating Assets	11.77	-10.33	-0.44	-7.16	13.33	5.47	Upgrade
Operating Cash Flow	-441.17	-359.17	-287.78	-83.52	-158.61	-45.4	Upgrade
Capital Expenditures	-6.52	-13.7	-11.96	-37.06	-39.8	-5.83	Upgrade
Cash Acquisitions	277.1	277.1	1.84	-	-	-2.6	Upgrade
Sale (Purchase) of Intangibles	-2.51	-3.35	-0.6	-0.3	-	-0.9	Upgrade
Investment in Securities	-8.24	-	0.48	230.61	-231.95	-	Upgrade
Other Investing Activities	-	-	-	-	-	0.6	Upgrade
Investing Cash Flow	259.83	260.06	-10.23	193.25	-271.74	-8.74	Upgrade
Long-Term Debt Issued	-	-	-	-	-	6.4	Upgrade
Long-Term Debt Repaid	-	-4.44	-0.77	-0.09	-12.8	-0.08	Upgrade
Net Debt Issued (Repaid)	-8.36	-4.44	-0.77	-0.09	-12.8	6.32	Upgrade
Issuance of Common Stock	411.52	308.56	140.9	154.44	471.34	0.68	Upgrade
Other Financing Activities	-3	-	-	-	-	-	Upgrade
Financing Cash Flow	400.17	304.12	140.13	154.35	458.54	246.14	Upgrade
Foreign Exchange Rate Adjustments	12.49	-3.41	0.19	-0.31	-	-	Upgrade
Net Cash Flow	231.31	201.6	-157.69	263.76	28.18	192	Upgrade
Free Cash Flow	-447.69	-372.87	-299.74	-120.58	-198.41	-51.23	Upgrade
Free Cash Flow Margin	-1024.72%	-633.71%	-672.43%	-302.64%	-1949.42%	-1293.03%	Upgrade
Free Cash Flow Per Share	-1.12	-1.36	-1.44	-0.69	-1.58	-2.35	Upgrade
Cash Interest Paid	-	-	-	-	0.68	0.99	Upgrade
Levered Free Cash Flow	-227.07	-194.33	-187.37	-105.41	-121.93	-34.61	Upgrade
Unlevered Free Cash Flow	-225.55	-193.35	-187.31	-105.37	-120.09	-33.76	Upgrade
Change in Working Capital	9.05	-38	-50.26	104.92	-0.31	30.83	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.