Quantinuum 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	-298.67	-192.56	-144.07
Depreciation & Amortization	31.34	29.78	32.23
Share-Based Compensation	-	-	0.36
Other Operating Activities	76.89	2.51	-9.43
Operating Cash Flow	-190.44	-160.27	-120.91
Capital Expenditures	-82.31	-75.08	-13.98
Investing Cash Flow	-82.31	-75.08	-13.98
Share Issuance / Repurchase	-	824.83	140.56
Debt Issued / Paid	-	-	-0.01
Financing Cash Flow	824.83	824.83	140.55
Net Cash Flow	552.07	590.3	5.07
Free Cash Flow	-272.75	-235.35	-134.89
Free Cash Flow Margin	-1596.62%	-760.89%	-587.02%