freee K.K. Cash Flow Statement

Financials in millions JPY. Fiscal year is July - June.

Millions JPY. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	-74	416	-10,076	-12,328	-12,301	-2,747
Depreciation & Amortization	820	408	-	-	581	295
Loss (Gain) From Sale of Assets	-5	-22	1,457	4,217	9,221	-
Loss (Gain) From Sale of Investments	60	28	-	98	-8	27
Other Operating Activities	-52	-32	-36	-55	-14	-5
Change in Accounts Receivable	-1,016	-985	-429	-559	-393	-414
Change in Accounts Payable	602	855	-514	1,395	716	563
Change in Other Net Operating Assets	630	2,993	2,831	2,479	1,129	2,089
Operating Cash Flow	965	3,661	-6,767	-4,753	-1,069	-192
Capital Expenditures	-326	-45	-662	-686	-1,605	-92
Sale of Property, Plant & Equipment	5	22	15	-	-	-
Cash Acquisitions	-576	-628	-130	-1,171	-1,894	-2,173
Divestitures	-	-	-	-	500	-
Sale (Purchase) of Intangibles	-3,779	-3,832	-	-44	-493	-371
Investment in Securities	-90	-105	502	-80	-190	-390
Other Investing Activities	-185	-13	-813	46	-801	-4
Investing Cash Flow	-4,951	-4,601	-1,088	-1,935	-4,483	-3,180
Short-Term Debt Issued	-	4,900	4,700	-	300	-
Total Debt Issued	4,580	4,900	4,700	-	300	-
Short-Term Debt Repaid	-	-	-	-550	-	-
Long-Term Debt Repaid	-	-18	-	-145	-292	-
Total Debt Repaid	-18	-18	-	-695	-292	-
Net Debt Issued (Repaid)	4,562	4,882	4,700	-695	8	-
Issuance of Common Stock	58	97	110	240	444	35,474
Other Financing Activities	-3	-2	-1,105	998	-1	-94
Financing Cash Flow	4,617	4,977	3,705	543	451	35,380
Foreign Exchange Rate Adjustments	3	-	-4	4	5	-
Miscellaneous Cash Flow Adjustments	3	1	-	-	-	-2
Net Cash Flow	637	4,038	-4,154	-6,141	-5,096	32,006
Free Cash Flow	639	3,616	-7,429	-5,439	-2,674	-284
Free Cash Flow Margin	1.68%	10.87%	-29.21%	-28.30%	-18.59%	-2.77%
Free Cash Flow Per Share	10.74	60.96	-127.66	-95.06	-47.96	-5.66
Cash Interest Paid	116	76	19	13	4	-
Cash Income Tax Paid	34	33	18	15	11	8
Levered Free Cash Flow	-3,251	-556.63	-5,160	-3,484	-2,275	1,112
Unlevered Free Cash Flow	-3,178	-509.13	-5,148	-3,476	-2,273	1,112
Change in Working Capital	216	2,863	1,888	3,315	1,452	2,238

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