Etsy, Inc. (ETSY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 80.74M | 317.12M | 218.97M | 108.14M | 49.18M | 314.96M | 217.42M | 151.06M | 69.03M | 295.11M | 218.51M | 136.27M | 55.63M | 291.75M | 206.56M | 125.75M | 59.54M | 290.46M | 90.93M | 121.7M |
| Operating CF Margin % | 12.79% | 35.97% | 32.3% | 16.08% | 8.03% | 36.96% | 32.82% | 23.32% | 10.69% | 35.03% | 34.34% | 21.67% | 8.68% | 36.14% | 34.75% | 21.49% | 10.28% | 40.5% | 17.08% | 23.01% |
| Operating CF Growth % | 64.17% | 0.69% | 0.71% | -28.42% | -28.75% | 6.73% | -0.5% | 10.85% | 24.09% | 1.15% | 5.78% | 8.36% | -6.57% | 0.44% | 127.17% | 3.33% | -59.89% | 19.2% | -50.9% | -44.79% |
| Net Income | 104.66M | 110.73M | 75.5M | 11.83M | -35.09M | 129.91M | 57.37M | 53.01M | 63M | 83.27M | 87.85M | 61.91M | 74.54M | 109.55M | -963.07M | 73.12M | 86.11M | 161.56M | 89.93M | 98.25M |
| Depreciation & Amortization | 15.31M | 24.89M | 24.26M | 35.5M | 17.19M | 26.4M | 27.74M | 27.09M | 26.85M | 23.03M | 22.17M | 22.95M | 23.17M | 22.79M | 24.13M | 25.03M | 24.75M | 24.99M | 23.21M | 12.98M |
| Stock-Based Compensation | 52.96M | 63.35M | 60.77M | 64.44M | 56.18M | 68.16M | 69.29M | 74.72M | 70.68M | 68.48M | 70.12M | 77.28M | 68.68M | 64.36M | 52.91M | 64.36M | 49.27M | 49.86M | 42.26M | 27.44M |
| Deferred Taxes | 6.71M | 17.94M | 22.29M | 1.52M | -2.54M | -718K | -9.44M | 939K | -5.23M | -4.83M | 22.31M | -58.6M | -8.97M | -29.35M | -11.01M | -4.42M | -10.52M | -10.32M | -57.5M | -18.06M |
| Other Non-Cash Items | -22.91M | 348K | 4.08M | 22.69M | 118.2M | -15.09M | 12.31M | -3.25M | -988K | 14.53M | 2.08M | 70.76M | 8.48M | 23.57M | 1.04B | -960K | 863K | -2.51M | 1.97M | 7.82M |
| Working Capital Changes | -75.99M | 99.85M | 32.06M | -27.85M | -104.76M | 106.3M | 60.15M | -1.44M | -85.28M | 110.63M | 13.97M | -38.03M | -110.27M | 100.83M | 61.94M | -31.37M | -90.94M | 66.88M | -8.93M | -6.74M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -16.52M | 552K | -24.02M | 76.22M | -20.68M | -16.34M | -9.02M | -2.64M | -25.11M | -19.32M | -11.27M | -6.62M | -36.1M | -88K | -3.46M | -16.32M | -10.15M | -23.11M | -1.45B | 100.81M |
| Capital Expenditures | -1.48M | -1.27M | -4.01M | -6.86M | -3.25M | -4.03M | -4.27M | -3.65M | -2.26M | -32.16M | -3.9M | -1.6M | -2.25M | 15.03M | -2.72M | -2.42M | -3.21M | -10.91M | -8.26M | -5.25M |
| CapEx % of Revenue | 0.24% | 0.14% | 0.59% | 1.02% | 0.53% | 0.47% | 0.64% | 0.56% | 0.35% | 3.82% | 0.61% | 0.25% | 0.35% | 1.86% | 0.46% | 0.41% | 0.55% | 1.52% | 1.55% | 0.99% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.15M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -11.58M | -7.97M | -9.84M | 89.68M | -10.66M | -6.43M | -8.77M | -6.64M | -7.46M | 19.59M | -6.99M | -6.65M | -5.96M | -20.56M | -11.74M | -5.56M | -6M | -75K | -1.69B | 0 |
| Cash from Financing | -158.45M | -165.29M | -126.65M | 326.85M | -204.78M | -282.38M | -166.53M | -175.25M | -163.01M | -115.7M | -304.59M | -77.69M | -158.55M | -184.07M | -155.76M | -94.36M | -72.28M | -105.42M | -67.14M | 664.66M |
| Debt Issued (Net) | -1.59M | -1.57M | -1.55M | 698.47M | -1.51M | -1.5M | -1.5M | -1.54M | -1.55M | -1.55M | -1.57M | -1.62M | -1.62M | -1.56M | -1.57M | -1.62M | -1.6M | -1.58M | -2.44M | 968.43M |
| Equity Issued (Net) | -142.99M | -130.89M | -110.14M | -331.97M | -186.23M | -259.51M | -154.49M | -150.38M | -158.34M | -92.98M | -296.95M | -38.85M | -148.18M | -150.42M | -150.57M | -62.17M | -62.57M | -68.35M | -54.43M | -175.89M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -145.22M | -133.23M | -119.82M | -334.68M | -189.18M | -259.58M | -155.59M | -150.38M | -158.34M | -92.98M | -296.95M | -38.85M | -148.18M | -150.42M | -150.57M | -62.17M | -62.57M | -68.35M | -54.43M | -180M |
| Other Financing | -13.87M | -32.83M | -14.96M | -39.65M | -17.04M | -21.37M | -10.53M | -23.33M | -3.12M | -21.16M | -6.07M | -37.22M | -8.75M | -32.09M | -3.63M | -30.58M | -8.11M | -35.49M | -10.27M | -127.88M |
| Net Change in Cash | -100.85M | 153.46M | 67.55M | 534.17M | -161.99M | -7.76M | 59.73M | -29.63M | -125.49M | 172.37M | -104.89M | 54.72M | -134.48M | 131.29M | 31.12M | 2.64M | -23.96M | 160.79M | -1.43B | 890.2M |
| Free Cash Flow | 70.88M | 307.89M | 205.12M | 88.76M | 36.98M | 304.5M | 204.38M | 140.77M | 59.32M | 282.54M | 207.62M | 128.02M | 47.42M | 292.67M | 192.1M | 117.77M | 50.33M | 279.55M | 80.81M | 116.45M |
| FCF Margin % | 11.23% | 34.92% | 30.25% | 13.2% | 6.04% | 35.73% | 30.85% | 21.73% | 9.18% | 33.54% | 32.63% | 20.36% | 7.4% | 36.26% | 32.31% | 20.13% | 8.69% | 38.98% | 15.18% | 22.02% |
| FCF Growth % | 91.65% | 1.11% | 0.36% | -36.95% | -37.65% | 7.77% | -1.56% | 9.96% | 25.08% | -3.46% | 8.08% | 8.7% | -5.77% | 4.69% | 137.72% | 1.14% | -65.22% | 16.17% | -55.93% | -47.07% |
| FCF per Share | 0.59 | 2.49 | 1.64 | 0.73 | 0.35 | 2.31 | 1.56 | 1.06 | 0.44 | 2.07 | 1.49 | 0.91 | 0.33 | 2.03 | 1.52 | 0.81 | 0.34 | 1.89 | 0.55 | 0.80 |
| FCF Conversion (FCF/Net Income) | 1.16x | 2.86x | 2.90x | 3.75x | -0.94x | 2.42x | 3.79x | 2.85x | 1.10x | 3.54x | 2.49x | 2.20x | 0.75x | 2.66x | -0.21x | 1.72x | 0.69x | 1.80x | 1.01x | 1.24x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 5.58M | 0 | 0 | 30.74M | 23.52M | 0 | 0 | 13.08M | 299K | 0 | 0 | 16.61M | 215K | 0 | 0 | 28.05M | 58.04M | 0 |