Proto Labs 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	21.24	16.59	17.22	-103.46	33.37
Depreciation & Amortization	33.81	35.81	37.53	39.43	40.49
Stock-Based Compensation	15.73	17	15.99	17.55	19.1
Other Adjustments	3.15	-2.54	-3.04	110.18	-12.07
Change in Receivables	-12.48	9.65	2.73	1.63	-20.11
Changes in Inventories	-2.11	1.26	0.11	-0.31	-2.39
Changes in Accounts Payable	-0.33	0.48	-1.84	1.38	4.65
Changes in Accrued Expenses	13.98	0.84	-1.45	0.46	-7.08
Changes in Income Taxes Payable	0.51	-0.69	1.82	-2.68	-0.77
Changes in Other Operating Activities	1.01	-0.56	4.2	-2.08	0.06
Operating Cash Flow	74.5	77.83	73.27	62.08	55.24
Operating Cash Flow Growth	-4.27%	6.22%	18.03%	12.38%	-48.36%
Capital Expenditures	-14.84	-9.17	-28.12	-21.69	-34.21
Sale of Property, Plant & Equipment	0.83	0.03	0.7	4.11	-
Purchases of Investments	-17.02	-25.07	-	-46.87	-16.16
Proceeds from Sale of Investments	17.61	20.63	23.87	21.36	83.12
Payments for Business Acquisitions	-	-	-	-	-127.41
Other Investing Activities	-	-	-1	-	-
Investing Cash Flow	-13.41	-13.58	-4.55	-43.09	-94.66
Issuance of Common Stock	6.34	4.02	3.84	3.95	5.86
Repurchase of Common Stock	-46.4	-62.27	-45.39	-31.34	-27.5
Net Common Stock Issued (Repurchased)	-40.06	-58.25	-41.55	-27.39	-21.64
Other Financing Activities	-0.31	-0.3	-0.31	-0.53	-0.56
Financing Cash Flow	-40.37	-58.55	-41.86	-27.92	-22.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.03	-0.42	0.37	-0.44	-0.05
Net Cash Flow	21.76	5.28	27.23	-9.37	-61.67
Free Cash Flow	59.66	68.66	45.16	40.39	21.03
Free Cash Flow Growth	-13.11%	52.04%	11.80%	92.05%	-64.92%
FCF Margin	11.19%	13.71%	8.96%	8.27%	4.31%
Free Cash Flow Per Share	2.46	2.72	1.72	1.47	0.76
Levered Free Cash Flow	53.26	44.55	29.48	-88.96	34.12
Unlevered Free Cash Flow	49.19	41.35	29.61	-89.07	34.25

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