Trustpilot Group 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	7.76	6.23	7.11	-14.64	-25.89
Depreciation & Amortization	6.3	5.6	5.8	4.74	5.79
Other Amortization	5.23	4.04	3.17	2.61	2.32
Loss (Gain) From Sale of Assets	-	-	0.02	-	-
Asset Writedown & Restructuring Costs	0.66	1.27	-	0.01	0.12
Stock-Based Compensation	12.15	7.4	6.34	5.85	6.53
Other Operating Activities	6.1	-5.22	-8.94	-2.17	-0.33
Change in Accounts Receivable	-0.68	-2.68	-1.29	-2.41	-1.33
Change in Accounts Payable	-0.72	-0.72	1.64	0.93	0.6
Change in Unearned Revenue	17.01	5.37	4.64	6.02	6.4
Change in Other Net Operating Assets	5.4	8.07	2.38	-3.64	0.35
Operating Cash Flow	59.21	29.36	20.88	-2.7	-5.44
Operating Cash Flow Growth	101.66%	40.62%	-	-	-
Capital Expenditures	-0.59	-2.83	-0.33	-3.7	-0.43
Sale (Purchase) of Intangibles	-7.75	-6.79	-3.23	-3.7	-3.79
Investing Cash Flow	-8.34	-9.62	-3.56	-7.4	-4.22
Short-Term Debt Issued	-	-	30	-	-
Total Debt Issued	-	-	30	-	-
Short-Term Debt Repaid	-	-	-30	-	-
Long-Term Debt Repaid	-4.32	-4.46	-3.54	-3.19	-17.52
Total Debt Repaid	-4.32	-4.46	-33.54	-3.19	-17.52
Net Debt Issued (Repaid)	-4.32	-4.46	-3.54	-3.19	-17.52
Issuance of Common Stock	1	5.41	0.66	1.34	73.92
Repurchase of Common Stock	-72	-43.25	-	-	-
Other Financing Activities	-	1.53	-0.07	-0.05	-
Financing Cash Flow	-75.32	-40.77	-2.95	-1.9	56.39
Foreign Exchange Rate Adjustments	3.13	-1.49	3.63	-7.72	-3.94
Net Cash Flow	-21.32	-22.52	18.01	-19.72	42.79
Free Cash Flow	58.62	26.53	20.55	-6.4	-5.88
Free Cash Flow Growth	120.95%	29.09%	-	-	-
Free Cash Flow Margin	22.45%	12.59%	11.65%	-4.30%	-4.47%
Free Cash Flow Per Share	0.14	0.06	0.05	-0.01	-0.01
Cash Interest Paid	1.97	2.12	2.41	1.51	2.4
Cash Income Tax Paid	2.01	3.62	1.25	-0.68	-0.38
Levered Free Cash Flow	51.07	17.24	21.13	-9.36	8.04
Unlevered Free Cash Flow	52.3	18.54	22.61	-8.43	9.5
Change in Working Capital	21.01	10.04	7.37	0.9	6.03

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