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	8,371	10,670	6,151	2,930	637.52
Changes in Trading Assets	-4,813	-2,552	699.08	-1,103	-4,667
Changes in Accrued Interest and Accounts Receivable	-22,347	-12,512	-12,592	-7,585	-4,091
Changes in Accounts Payable	4,132	-528.51	2,819	2,221	1,602
Changes in Accrued Expenses	5.79	3.75	25.94	11.28	4.85
Changes in Other Operating Activities	10,209	6,847	3,648	4,277	-633.11
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 Securities and Investments	-	-	-	-2.5	-11.21
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	-	-	-
Investing Cash Flow	-342.31	-330.63	-177	-127.15	-154.2
Net Change in Deposits	-	-	-	-	4,002
Long-Term Debt Issued	2,823	1,310	469.5	581.14	116.35
Long-Term Debt Repaid	-539.46	-587.7	-53.43	-175.62	-131.31
Net Long-Term Debt Issued (Repaid)	2,284	722.2	416.07	405.52	-14.96
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
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	10,897	5,592	3,029	2,565	514.94
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	57.00%	48.33%	37.89%	45.21%	-412.79%
Free Cash Flow Per Share	0.71	0.49	0.26	0.16	-1.83
Levered Free Cash Flow	-7,566	-5,976	-3,911	-2,122	-7,952
Unlevered Free Cash Flow	-12,722	-8,670	-5,358	-2,163	-7,772

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

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