Etsy, Inc.
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $853.5M | $-46.7M | $69.7M | $110.7M | $75.5M | $28.8M | $-52.1M | $129.9M |
| Depreciation & Amortization | $16.1M | $15.2M | $15.3M | $56.8M | $13.3M | $14.6M | $17.2M | $26.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $45.7M | $51.2M | $53.0M | $80.5M | $55.1M | $52.9M | $56.2M | $68.2M |
| Net Cash from Operating Activities | $159.7M | $40.6M | $80.7M | $317.1M | $219.0M | $108.1M | $49.2M | $315.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.4M | $1.2M | $1.5M | $1.5M | $3.8M | $6.9M | $3.2M | $4.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $1.29B | $-30.5M | $-16.5M | $552.0K | $-24.0M | $76.2M | $-20.7M | $-16.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $394.5M | $249.7M | $145.2M | $133.2M | $119.8M | $334.7M | $189.2M | $259.6M |
| Net Cash from Financing Activities | $-414.5M | $-270.9M | $-158.4M | $-165.3M | $-126.7M | $326.9M | $-204.8M | $-282.4M |
| Net Change in Cash | $1.03B | $-264.3M | $-100.9M | $153.5M | $67.5M | $534.2M | $-162.0M | $-7.8M |
| Free Cash Flow | $158.3M | $39.3M | $79.3M | $315.6M | $215.2M | $101.3M | $45.9M | $310.9M |