Nu Holdings 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	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,872	1,972	1,031	-364.63	-165.33
Depreciation & Amortization	97.97	77.13	62.9	35.58	17.34
Provision for Credit Losses	4,701	3,469	2,488	1,441	503.68
Stock-Based Compensation	271.85	272.38	212.55	253.2	157.32
Other Adjustments	-69.41	-470.62	-516.05	-3.89	-219.52
Changes in Trading Assets	-4,813	-2,552	699.08	-1,103	-4,667
Changes in Accrued Interest and Accounts Receivable	6,096	7,012	-2,288	-789.04	-361.34
Changes in Accounts Payable	4,040	-616.59	2,736	2,190	1,593
Changes in Accrued Expenses	-1,642	-1,263	-612.45	-297.09	-52.31
Changes in Other Operating Activities	1,837	1,485	1,245	218.14	358
Operating Cash Flow	3,500	2,399	1,266	755.57	-2,924
Operating Cash Flow Growth	45.91%	89.47%	67.58%	-	-
Net Change in Loans Held-for-Investment	-22,753	-12,897	-11,456	-7,103	-4,091
Payments for Business Acquisitions	-1.54	-5.64	-	-10.35	-114.49
Capital Expenditures	-7.22	-5.42	-20.24	-20	-6.03
Purchases of Intangible Assets	-333.55	-169.57	-156.76	-94.31	-22.47
Other Investing Activities	-	-150	-	-2.5	-11.21
Investing Cash Flow	-342.31	-330.63	-177	-127.15	-154.2
Net Change in Deposits	12,861	5,911	7,665	6,278	4,002
Long-Term Debt Issued	2,823	1,310	469.5	581.14	116.35
Long-Term Debt Repaid	-532.76	-580.64	-46.5	-170.62	-126.93
Net Long-Term Debt Issued (Repaid)	2,291	729.25	423	410.53	-10.58
Issuance of Common Stock	6.22	5.55	9.15	252.5	2,603
Repurchase of Common Stock	-	-	-	-3.99	-52.15
Net Common Stock Issued (Repurchased)	6.22	5.55	9.15	248.52	2,551
Issuance of Preferred Stock	-	-	-	-	800
Net Preferred Stock Issued (Repurchased)	-	-	-	-	800
Other Financing Activities	-6.71	-7.05	-6.93	-5.01	-4.39
Financing Cash Flow	2,290	727.74	425.22	654.04	3,336
Effect of Exchange Rate Changes on Cash and Cash Equivalents	369.52	466.14	236.72	184.18	104.43
Net Cash Flow	5,448	2,796	1,514	1,282	257.47
Free Cash Flow	3,493	2,394	1,246	735.57	-2,930
Free Cash Flow Growth	45.94%	92.11%	69.38%	-	-
FCF Margin	31.55%	29.74%	22.48%	21.95%	-245.35%
Free Cash Flow Per Share	0.71	0.49	0.26	0.16	-1.83
Levered Free Cash Flow	10,769	6,839	3,276	280.78	-3,293
Unlevered Free Cash Flow	5,610	4,137	1,822	234.83	-3,118

Updated Feb 25, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q