Tectonic Therapeutic, Inc. (TECX) 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 | -18.41M | -14.46M | -17.82M | -14.72M | -13.08M | -16.82M | -19.6M | -13.38M | -9.27M | -11.66M | -8.48M | -259K | -20.28M | -7.79M | -16.41M | -29.11M | -28.01M | -25.9M | -24.82M | -19.96M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | -40.74% | 14.03% | 9.13% | -9.99% | -41.09% | -44.3% | -131.15% | -5066.8% | 54.28% | -49.56% | 48.33% | 99.11% | 27.59% | 69.9% | 33.87% | -45.79% | -2.47% | 15.06% | 0.16% | 5.01% |
| Net Income | -25.24M | -35.13M | -19.04M | -35.89M | -15.91M | -12.37M | -17.72M | -12.67M | -15.22M | -7.87M | -10.05M | -10.46M | -24.96M | -10.29M | -22.97M | -28.05M | -29.83M | -28.23M | -32.61M | -31.39M |
| Depreciation & Amortization | 0 | 693K | 342K | 700K | 360K | 508K | 424K | 336K | 377K | 373K | 371K | 246K | 920K | 322K | 336K | 354K | 399K | 436K | 374K | 299K |
| Stock-Based Compensation | 0 | 5.09M | 2.82M | 4.69M | 2.1M | 1.12M | 1.65M | 403K | 321K | 294K | 275K | 0 | 0 | 271K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 6.83M | 13.99M | 628K | 14.03M | 511K | -469K | 308K | 1.84M | 2.37M | -703K | 281K | 8.57M | 2.61M | 269K | 2.69M | 3.27M | 3.41M | 4.07M | 5.12M | 4.64M |
| Working Capital Changes | 0 | 895K | -2.57M | 1.75M | -151K | -5.6M | -4.27M | -3.29M | 2.88M | -3.75M | 646K | 1.38M | 1.14M | 1.64M | 3.53M | -4.67M | -1.99M | -2.18M | 2.3M | 6.49M |
| 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 | -343K | -1.26M | 137K | 1.58M | -1.44M | 86K | -1.58M | 1.51M | -4.18M | 2.31M | 1.5M | 207K | 85K | 1.79M | -4.01M | 551K | 520K | 937K | -627K |
| Cash from Investing | -19K | 28K | -166K | 55K | -27K | -3K | -153K | 4K | -4K | -50K | -7K | -214K | -8K | -285K | -86K | -149K | -32K | -850K | -267K | -1.23M |
| Capital Expenditures | -19K | -27K | -181K | -27K | -27K | -3K | -153K | 4K | -4K | -50K | -7K | -214K | -8K | -285K | -86K | -149K | -32K | -850K | -267K | -1.23M |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 55K | 0 | 55K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 15K | 27K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 847K | -141K | -457K | -4.17M | 178.12M | -1.07M | -6.29M | 179.74M | -668K | 34.13M | -114K | -324K | 55K | -119K | 60K | 1K | 142K | 14.95M | 22K | 14.61M |
| Debt Issued (Net) | 0 | -127K | -123K | -121K | -118K | -115K | -120K | -122K | -118K | -115K | -114K | -270K | 0 | -119K | 0 | 0 | 0 | 14.9M | 0 | 0 |
| Equity Issued (Net) | 0 | 454K | 0 | -3.98M | 177.27M | 899K | 77K | 94.6M | 4K | 120K | 0 | -54K | 55K | 0 | 60K | 1K | 142K | 48K | 22K | 14.55M |
| 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 | 847K | -468K | -334K | -72K | 972K | -1.85M | -6.24M | 85.26M | -554K | 34.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51K |
| Net Change in Cash | -17.49M | -14.64M | -18.46M | -18.86M | 165.01M | -17.86M | -26.03M | 166.38M | 61.99M | -77.36M | -8.6M | 52.65M | -20.52M | -8.2M | -15.95M | -29.25M | -27.9M | -11.8M | -25.07M | -6.59M |
| Free Cash Flow | -18.43M | -14.49M | -18M | -14.75M | -13.11M | -16.82M | -19.76M | -13.38M | -9.28M | -11.71M | -8.49M | -473K | -20.29M | -8.08M | -16.5M | -29.25M | -28.05M | -26.75M | -25.09M | -21.19M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | -40.59% | 13.88% | 8.91% | -10.23% | -41.32% | -43.71% | -132.76% | -2728.33% | 54.28% | -44.91% | 48.56% | 98.38% | 27.65% | 69.79% | 34.24% | -38.03% | -2.16% | 12.5% | -0.79% | 1.45% |
| FCF per Share | -0.98 | -0.79 | -0.96 | -0.79 | -0.76 | -1.14 | -1.34 | -0.91 | -2.49 | -3.15 | -2.29 | -0.13 | -5.53 | -2.21 | -4.52 | -8.03 | -7.70 | -7.35 | -6.90 | -5.97 |
| FCF Conversion (FCF/Net Income) | 0.73x | 0.75x | 0.94x | 0.74x | 0.82x | 1.36x | 1.11x | 1.06x | 0.61x | 1.48x | 0.84x | 0.02x | 0.81x | 0.76x | 0.71x | 1.04x | 0.94x | 0.92x | 0.76x | 0.64x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 48K | 0 | 0 | 0 | 0 | 36K | 0 | 0 | 34K | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |