Metsera Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-314.41	-209.13	-47.21	-1.63
Depreciation & Amortization	0.04	0.01	0	-
Stock-Based Compensation	14.58	2.39	0.09	-
Other Operating Activities	63.95	81.19	7.7	0.36
Change in Accounts Payable	8.73	16.55	2.6	-
Change in Other Net Operating Assets	-4.32	8.95	1.01	1.23
Operating Cash Flow	-231.43	-100.04	-35.39	-0.04
Capital Expenditures	-0.2	-0.04	-0.03	-
Cash Acquisitions	-	-	-28.21	-
Investing Cash Flow	-0.2	-0.04	-28.24	-
Total Debt Issued	-	-	-	30
Net Debt Issued (Repaid)	-	-	-	30
Other Financing Activities	-14.41	-19.8	-0.22	-
Financing Cash Flow	489.66	378.2	123.68	30
Foreign Exchange Rate Adjustments	2.83	-0.86	0.17	-
Net Cash Flow	260.87	277.25	60.22	29.96
Free Cash Flow	-231.63	-100.08	-35.42	-0.04
Free Cash Flow Per Share	-3.09	-6.93	-2.61	-0.00
Cash Interest Paid	0.36	0.16	-	-
Levered Free Cash Flow	-121.2	-48.76	0.56	-
Unlevered Free Cash Flow	-121.04	-48.62	0.56	-
Change in Working Capital	4.42	25.49	4.02	1.23

Source: S&P Capital IQ. Standard template. Financial Sources.