GH Research PLC (GHRS) 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 | -10.67M | -12.26M | -14.44M | -8.97M | -8.57M | -10.45M | -12.31M | -9.94M | -9.6M | -8.09M | -10.34M | -8.03M | -6.88M | -6.87M | -8.04M | -5.29M | -6M | -3.76M | -9.21M | -1.23M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | -24.45% | -17.32% | -17.35% | 9.75% | 10.66% | -29.2% | -19.02% | -23.8% | -39.38% | -17.74% | -28.53% | -51.84% | -14.73% | -82.73% | 12.68% | -331.51% | -452.07% | -2422.15% | - | - |
| Net Income | -18.97M | -14.14M | -14.02M | -9.29M | -10.81M | -8.8M | -12.11M | -10.38M | -7.67M | -11.27M | -5.65M | -7.73M | -10.94M | -16.59M | -441K | 334K | -5.76M | -4.09M | -1.84M | -2.13M |
| Depreciation & Amortization | 91K | 88K | 89K | 82K | 76K | 78K | 79K | 78K | 80K | 78K | 80K | 80K | 77K | 13K | 12K | 11K | 11K | 9K | 6K | 3K |
| Stock-Based Compensation | 0 | 0 | 0 | 1.88M | 1.64M | 759K | 273K | 108K | 300K | 591K | 647K | 451K | 551K | 459K | 419K | 466K | 327K | 235K | 119K | 12K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.11M | -217K | 199K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 5.25M | 3.38M | 2.51M | -2.79M | 315K | -1.86M | 880K | -1.42M | -2.87M | 1.99M | -2.25M | -1.31M | 752K | 7.89M | -6.18M | -7.08M | -2.24M | -2.53M | -2.83M | -545K |
| Working Capital Changes | 2.96M | -1.59M | -3.03M | 1.16M | 213K | -624K | -1.43M | 1.68M | 557K | 526K | -2.05M | 700K | 2.47M | 1.35M | -1.85M | 987K | 1.67M | 2.62M | -4.67M | 1.43M |
| 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 | 8.64M | 8.57M | 10.44M | 15.71M | 11.84M | 21.33M | 15.28M | 19.73M | 8.79M | -24K | -8K | -46K | -54.02M | -84.64M | -15K | -24K | -10K | -19K | -50K | -14K |
| Capital Expenditures | -63K | -18.09K | -41.26K | -59K | -4K | -24.07K | -4K | -8K | -12K | -24K | -8K | -46K | -22K | -18K | -15K | -24K | -10K | -19K | -50K | -14K |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -20.49M | 145.39K | 0 | 0 | -931 | 0 | 19.74M | 8.8M | 0 | -24.29K | 387.5K | 0 | -84.54M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 2K | -2.13M | 968.65K | -1.07M | 140.86M | -59K | -60K | -114K | -71K | -41K | -56K | -37K | -70K | 0 | 0 | 0 | 0 | -171K | -2.6M | 289.22M |
| Debt Issued (Net) | 0 | 0 | 0 | -63K | 0 | -59K | -60K | -114K | -71K | -56K | -56K | -37K | -70K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 72K | -2.06M | 1.04M | 4.39M | 150M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -70K | -68.23K | -69.5K | -5.4M | -9.14M | 0 | 0 | 0 | 0 | 15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -171K | -2.6M | 289.22M |
| Net Change in Cash | -3.6M | -3.4M | -4.22M | 8.92M | 144.16M | 10.73M | 2.93M | 9.65M | -937K | -8.02M | -10.46M | -8.19M | -60.87M | -90.98M | -8.44M | -5.37M | -6.03M | -3.97M | -11.88M | 288.05M |
| Free Cash Flow | -10.73M | -12.27M | -14.48M | -9.03M | -8.58M | -10.47M | -12.31M | -9.94M | -9.61M | -8.11M | -10.35M | -8.07M | -6.91M | -6.88M | -8.06M | -5.31M | -6.01M | -3.78M | -9.26M | -1.24M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | -25.13% | -17.22% | -17.64% | 9.23% | 10.73% | -29.13% | -18.97% | -23.19% | -39.11% | -17.78% | -28.39% | -52.02% | -14.91% | -82.29% | 12.99% | -328.57% | -442.51% | -2434.9% | - | - |
| FCF per Share | -0.17 | -0.20 | -0.23 | -0.15 | -0.15 | -0.20 | -0.24 | -0.19 | -0.18 | -0.16 | -0.20 | -0.16 | -0.13 | -0.13 | -0.15 | -0.10 | -0.12 | -0.07 | -0.18 | -0.03 |
| FCF Conversion (FCF/Net Income) | 0.56x | 0.87x | 1.03x | 0.97x | 0.79x | 1.19x | 1.02x | 0.96x | 1.25x | 0.72x | 1.83x | 1.04x | 0.63x | 0.41x | 18.24x | -15.83x | 1.04x | 0.92x | 5.02x | 0.58x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 197K | 169K | 182K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |