T3 Defense Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-48.65	80.66	-9.66	-17.43	-0.6	-0.32
Depreciation & Amortization	-	0	-	2.37	-	-
Stock-Based Compensation	20.56	18.83	0.23	0.37	-	-
Other Adjustments	-19.07	-102.07	0.59	12.44	-0.07	0.17
Changes in Accounts Payable	-1.37	0.03	-	-	-	-
Changes in Accrued Expenses	-0.07	0.73	2.98	0.19	0.23	0.03
Changes in Other Operating Activities	-0.16	-0.26	2.68	-0.36	-0.01	-0.01
Operating Cash Flow	-9.78	-6.2	-3.82	-1.23	-0.43	-0.14
Operating Cash Flow Growth	-	-	-	-	-	-
Capital Expenditures	-0.18	-0.03	-	-	-	-
Purchases of Investments	-	-172.45	-	-	-1.38	-46
Cash Acquisitions	-	0.45	-	-	-	-
Other Investing Activities	-2.7	-6.84	-	-	-	-
Investing Cash Flow	-182.84	-179.83	0.13	-1.11	-1.38	-46
Long-Term Debt Issued	-	9.23	2.43	0.27	-	-
Long-Term Debt Repaid	-	-0.09	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-	9.13	2.43	0.27	-	-
Issuance of Common Stock	-	172.85	-	-	-	47
Net Common Stock Issued (Repurchased)	-	172.85	-	-	-	47
Other Financing Activities	-	-	0.15	-	1.38	-0.18
Financing Cash Flow	194.46	181.99	3	0.42	1.38	46.82
Foreign Exchange Rate Adjustments	-0	0.03	0.03	0.23	-	-
Net Cash Flow	1.94	-3.91	-0.66	-1.69	-0.43	0.69
Free Cash Flow	-9.96	-6.23	-3.82	-1.23	-0.43	-0.14
Free Cash Flow Growth	-	-	-	-	-	-
FCF Margin	-272.60%	-	-	-2.89%	-	-
Free Cash Flow Per Share	-32.57	-40.92	-227.38	-122.33	-	-0.73
Levered Free Cash Flow	-41.47	88.15	-0.43	-14.96	0.21	0.01
Unlevered Free Cash Flow	-36.65	-32.14	-1.44	-15.26	0.21	0.01