Kardigan 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	-191.94	-88.66
Depreciation & Amortization	4.2	0.01
Stock-Based Compensation	15.85	5.95
Other Adjustments	14.41	59.02
Changes in Accounts Payable	1.76	2.06
Changes in Accrued Expenses	15.24	3.62
Changes in Other Operating Activities	-10.57	-0.83
Operating Cash Flow	-151.06	-18.83
Capital Expenditures	-5.08	-1.8
Purchases of Intangible Assets	-1.57	-34.62
Purchases of Investments	-243.44	-
Proceeds from Sale of Investments	17	-
Payments for Business Acquisitions	-3.96	-
Investing Cash Flow	-237.04	-36.42
Issuance of Common Stock	0.56	2.37
Net Common Stock Issued (Repurchased)	0.56	2.37
Issuance of Preferred Stock	453.61	102.04
Net Preferred Stock Issued (Repurchased)	453.61	102.04
Other Financing Activities	-6.36	0.6
Financing Cash Flow	447.81	105.01
Net Cash Flow	59.71	49.77
Free Cash Flow	-156.13	-20.63
Free Cash Flow Per Share	-12.07	-2.05
Levered Free Cash Flow	-186.39	-85.6
Unlevered Free Cash Flow	-191.65	-93.6

SEC Filings: 10-K · 10-Q