Biohaven 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
Period Ending	Sep '25 Sep 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
Net Income	-780.11	-846.42	-408.17	-570.28	-213.8	-118.67
Depreciation & Amortization	9.81	7.86	6.91	1.39	1.39	0.07
Asset Writedown & Restructuring Costs	10.81	10.81	-	93.75	-	-
Loss (Gain) From Sale of Investments	-	-	-	10	-5.26	4.16
Stock-Based Compensation	108.1	71.96	28.79	193.56	65.64	29.5
Other Operating Activities	-3.3	156.53	16.13	2.51	4.52	-
Change in Accounts Payable	-2.25	0.71	4.87	5.93	1.03	0.22
Change in Other Net Operating Assets	7.42	16.1	19.74	-34.53	0.64	8.76
Operating Cash Flow	-649.52	-582.45	-331.73	-297.69	-145.84	-75.96
Capital Expenditures	-0.76	-4.05	-3.05	-6.07	-0.94	-2.7
Cash Acquisitions	0.39	0.39	-	-35	1.88	-
Investment in Securities	229.23	-241.32	132.88	-263.72	-	-
Investing Cash Flow	226.62	-244.97	129.83	-304.79	0.94	-2.7
Issuance of Common Stock	275.77	677.67	247.92	284.26	0.4	-
Other Financing Activities	-2.6	0.11	-36.01	483.34	138.05	152.24
Financing Cash Flow	523.17	677.77	211.91	767.6	138.45	152.24
Foreign Exchange Rate Adjustments	0.09	0.08	-0.5	0.43	-	-
Net Cash Flow	100.37	-149.58	9.52	165.55	-6.45	73.59
Free Cash Flow	-650.27	-586.5	-334.77	-303.76	-146.78	-78.65
Free Cash Flow Per Share	-6.32	-6.43	-4.70	-6.79	-3.73	-2.00
Cash Interest Paid	0.13	0.13	-	-	0.11	-
Cash Income Tax Paid	-	-10.44	-33.3	38.17	16.59	2.76
Levered Free Cash Flow	-414.21	-364.16	-213.77	-223.44	-69.94	-
Unlevered Free Cash Flow	-414.21	-364.16	-213.77	-223.44	-69.94	-
Change in Working Capital	5.17	16.81	24.61	-28.6	1.66	8.98

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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