Stablecoin Development 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	-630.78	-7.22
Stock-Based Compensation	0.03	0.15
Other Adjustments	623.29	0.04
Changes in Accounts Payable	-0.04	-0.06
Changes in Other Operating Activities	-0.93	-0.41
Operating Cash Flow	-8.43	-7.5
Investing Cash Flow	11.13	3.3
Long-Term Debt Issued	-	0.5
Long-Term Debt Repaid	-0.5	-1.99
Net Long-Term Debt Issued (Repaid)	-0.5	-1.49
Issuance of Common Stock	6.8	3.11
Net Common Stock Issued (Repurchased)	6.8	3.11
Issuance of Preferred Stock	5.84	-
Repurchase of Preferred Stock	-0.18	-
Net Preferred Stock Issued (Repurchased)	5.66	-
Preferred Share Dividends Paid	-4.82	-
Other Financing Activities	-2.53	-0.12
Financing Cash Flow	4.62	1.5
Net Cash Flow	7.32	-2.7
Free Cash Flow	-8.43	-7.5
Free Cash Flow Per Share	-1.45	-11.04
Levered Free Cash Flow	-632.25	-10.56
Unlevered Free Cash Flow	-9.4	-7.84