Establishment Labs Holdings Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-51.1M | $-84.6M | $-78.5M | $-75.2M | $-41.1M | $-38.1M | $-38.2M | $-21.1M |
| Depreciation & Amortization | $6.2M | $4.7M | $2.8M | $2.5M | $2.5M | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $3.3M | $2.1M | $1.2M | $1.2M | $1.2M | $900.0K | $600.0K | $600.0K |
| Stock-Based Compensation | $11.4M | $14.4M | $14.4M | $13.4M | $10.4M | — | — | — |
| Net Cash from Operating Activities | $-50.9M | $-58.5M | $-88.5M | $-52.2M | $-27.5M | $-12.5M | $-30.0M | $-33.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.0M | $6.1M | $7.9M | $2.9M | $2.4M | $2.1M | $6.3M | $1.7M |
| Business Acquisitions | $307.0K | $50.0K | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-7.0M | $-15.6M | $-24.5M | $-34.8M | $-7.2M | $-5.6M | $-7.8M | $-5.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | $0 |
| Net Cash from Financing Activities | $40.4M | $125.9M | $86.2M | $100.3M | $4.1M | $64.7M | $22.8M | $81.5M |
| Net Change in Cash | $-14.8M | $50.3M | $-26.3M | $12.9M | $-31.1M | $46.9M | $-15.0M | $41.8M |
| Free Cash Flow | $-56.9M | $-64.6M | $-96.4M | $-55.0M | $-30.0M | $-14.6M | $-36.3M | $-35.6M |