Ionic Digital Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	-232.68	-247.72	40.15
Depreciation & Amortization	55.84	66.72	42.38
Share-Based Compensation	-	3.5	1.11
Other Operating Activities	107.49	80.98	-178.27
Operating Cash Flow	-69.35	-96.53	-94.65
Capital Expenditures	-7.93	-11.06	-71.62
Acquisitions	-	-	195.74
Change in Investments	-	101.46	12.54
Other Investing Activities	72	1.25	-
Investing Cash Flow	64.07	91.64	136.66
Share Issuance / Repurchase	-	-	6.38
Financing Cash Flow	0	-	6.38
Net Cash Flow	-5.28	-4.88	48.39
Free Cash Flow	-77.28	-107.59	-166.26
Free Cash Flow Margin	-50.92%	-76.09%	-120.11%