Globant Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	103.96	169	158.51	149.48	96.36
Depreciation & Amortization	187.78	162.73	139.86	107.93	80.29
Stock-Based Compensation	75.68	81.8	72.94	60.25	37.03
Other Adjustments	74.25	54.89	53.97	58.26	56.98
Change in Receivables	36.24	-113.06	-44.3	-104.32	-93.02
Changes in Accounts Payable	-6.55	-38.09	19	-2.65	10.87
Changes in Accrued Expenses	-60.77	2.04	-37.4	13.4	66.67
Changes in Income Taxes Payable	-81.19	-77.27	-50.46	-52.64	-45.6
Changes in Other Operating Activities	-28.21	6.68	6.4	-32.19	-30.6
Operating Cash Flow	301.18	248.73	318.52	197.52	178.97
Operating Cash Flow Growth	21.09%	-21.91%	61.26%	10.37%	79.20%
Capital Expenditures	-19.22	-27.73	-45.11	-47.06	-42.77
Sale of Property, Plant & Equipment	-	-	-	-	1.25
Purchases of Intangible Assets	-70.26	-85.89	-81.69	-48.37	-34.87
Purchases of Investments	-275.99	-646.97	-642.78	-738.7	-318.4
Proceeds from Sale of Investments	285.7	657.76	686.85	713.44	285.83
Payments for Business Acquisitions	-54.77	-301.07	-267.63	-148.61	-163.93
Other Investing Activities	0.03	-	-	-	-
Investing Cash Flow	-134.51	-403.9	-350.36	-269.3	-272.88
Long-Term Debt Issued	260.17	440.66	395.62	-	13.5
Long-Term Debt Repaid	186.2	347.35	271.78	8.27	29.38
Net Long-Term Debt Issued (Repaid)	446.37	788.01	667.4	8.27	42.88
Issuance of Common Stock	12.05	14.06	13.32	12.49	295.16
Repurchase of Common Stock	56.13	10.68	11.52	9.32	7.26
Net Common Stock Issued (Repurchased)	68.18	24.73	24.84	21.81	302.42
Other Financing Activities	-94.47	-102.51	-81.1	-60.58	-28.03
Financing Cash Flow	-64.57	-5.81	44.53	-65.68	243.99
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.45	-4.14	2.07	2.11	-1.22
Net Cash Flow	102.1	-160.99	12.69	-137.46	150.08
Free Cash Flow	281.95	220.99	273.41	150.46	136.21
Free Cash Flow Growth	27.58%	-19.17%	81.72%	10.46%	92.99%
FCF Margin	11.49%	9.15%	13.04%	8.45%	10.50%
Free Cash Flow Per Share	6.26	4.96	6.27	3.51	3.24
Levered Free Cash Flow	541.12	982.11	858.24	143.95	177.81
Unlevered Free Cash Flow	120.14	209.41	191.56	146.98	150.32

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.