Model N 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	-246.9	-287.22	-239.24	-187.13	-130.4	-102.9	Upgrade
Depreciation & Amortization	8.51	7.96	6.83	4.4	0.08	0.08	Upgrade
Other Amortization	2.36	2.64	2.57	1.48	1.08	0.79	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	-	7.16	Upgrade
Stock-Based Compensation	91.57	85.22	62.62	37.73	20.8	14.76	Upgrade
Other Operating Activities	30.48	29.09	50.52	3.34	-0.1	1.26	Upgrade
Change in Accounts Receivable	-78.48	-47.18	-57.12	-37.7	-	-	Upgrade
Change in Inventory	-1.87	0.74	-8.16	-1.33	-	-	Upgrade
Change in Accounts Payable	30.29	31.32	2.07	25.46	-0.36	2.56	Upgrade
Change in Other Net Operating Assets	43.41	49.02	34.81	37.24	0.68	-2.15	Upgrade
Operating Cash Flow	-120.63	-128.41	-145.08	-116.51	-108.23	-78.46	Upgrade
Capital Expenditures	-0.47	-0.27	-0.58	-0.7	-0.31	-0.05	Upgrade
Cash Acquisitions	-	-	-	-53	-	-	Upgrade
Investing Cash Flow	-0.47	-0.27	-0.58	-53.7	-0.31	-0.05	Upgrade
Long-Term Debt Issued	-	-	85	45	-	50	Upgrade
Long-Term Debt Repaid	-	-0.99	-	-	-	-21.66	Upgrade
Total Debt Repaid	-193.55	-0.99	-	-	-	-21.66	Upgrade
Net Debt Issued (Repaid)	-3.55	-0.99	85	45	-	28.34	Upgrade
Issuance of Common Stock	131.94	71.46	271.17	250.01	11.84	15.18	Upgrade
Repurchase of Common Stock	-6.23	-3.95	-1.84	-0.53	-0.18	-	Upgrade
Other Financing Activities	-13.7	-8.68	-23.32	-9.9	-0.53	-1.1	Upgrade
Financing Cash Flow	108.46	57.84	331.01	284.58	11.13	42.41	Upgrade
Net Cash Flow	-12.64	-70.84	185.35	114.37	-97.4	-36.09	Upgrade
Free Cash Flow	-121.1	-128.68	-145.66	-117.21	-108.53	-78.5	Upgrade
Free Cash Flow Margin	-24.46%	-33.36%	-53.83%	-234.25%	-	-	Upgrade
Free Cash Flow Per Share	-2.48	-2.69	-3.21	-2.88	-2.88	-2.11	Upgrade
Cash Interest Paid	18.14	19.69	16.73	7.69	4.63	2.1	Upgrade
Levered Free Cash Flow	-33.85	-28.71	-78.72	-42.36	-59.52	-47.37	Upgrade
Unlevered Free Cash Flow	-30.93	-27.25	-77.26	-39.26	-57.04	-46.55	Upgrade
Change in Working Capital	-6.65	33.9	-28.39	23.67	0.32	0.41	Upgrade

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q