Establishment Labs Holdings Inc. (ESTA) quarterly cash flow statement — complete operating, investing & financing history
Establishment Labs Holdings Inc. (ESTA) cash flow statement — 10-year operating, investing & financing cash flows
| Metric | Q2'26 | 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 |
|---|
| Cash from Operations | -16.6M | -4.31M | -555.55K | -11.25M | -18.7M | -20.73M | -20.75M | -12.46M | -14.18M | -11.15M | -8.15M | -31.51M | -28.24M | -20.61M | -14.02M | -21.98M | -11.33M | -4.84M | -7.71M | -12.46M |
| Operating CF Margin % | -24.58% | -7.2% | -0.86% | -20.92% | -36.45% | -50.09% | -46.61% | -30.98% | -32.15% | -30.01% | -25.82% | -81.83% | -58.15% | -44.31% | -31.99% | -57.47% | -27.51% | -12.59% | -21.83% | -42.89% |
| Operating CF Growth % | 11.21% | 79.2% | 97.32% | 9.72% | -31.84% | -85.84% | -154.65% | 60.46% | 49.78% | 45.9% | 41.87% | -43.36% | -149.25% | -325.91% | -81.81% | -76.48% | -1291.89% | 26.15% | -324.49% | -308.76% |
| Net Income | -11.75M | -13.38M | -2.62M | -11.15M | -16.59M | -20.71M | -34.53M | -16.68M | -17.18M | -16.2M | -20.54M | -29.27M | -16.75M | -11.94M | -13.56M | -18.61M | -37.11M | -5.93M | -14.19M | -14.68M |
| Depreciation & Amortization | 2.67M | 2.69M | -2.48M | 2.54M | 2.6M | 2.57M | 2.39M | 2.82M | 1.58M | 1.41M | 4.82M | 1.24M | 1.13M | 4.3M | 3.92M | 3.81M | 1.04M | 1.05M | 1.59M | 1.58M |
| Stock-Based Compensation | 3.13M | 3.1M | -2.9M | 2.99M | 0 | 2.54M | 3.66M | 3.66M | 3.87M | 3.55M | 3.88M | 4.04M | 3.62M | 3.32M | 3.26M | 2.92M | 3.74M | 3.43M | 3.03M | 3.06M |
| Deferred Taxes | 0 | 0 | 9.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 6.09M | 2.21M | -5.52M | 2.11M | -712.07K | 65K | 10.01M | 5.48M | 3.96M | 5.79M | 3.35M | -8.58M | 1.39M | -4.15M | -1.75M | 1.66M | 24.87M | -370K | 4.27M | 4.07M |
| Working Capital Changes | -16.74M | 1.07M | 3.67M | -7.75M | -3.99M | -5.19M | -2.27M | -7.73M | -6.41M | -5.71M | 352K | -13.5M | -17.63M | -12.15M | -5.88M | -11.76M | -3.88M | -3.02M | -2.4M | -6.49M |
| Change in Receivables | 1.52M | 302K | -6.57M | -1.31M | -4.46M | 775K | -5.15M | -6.91M | -9.63M | -4.61M | 8.08M | -4.66M | -9.62M | -5.36M | -2.45M | -865K | -3.95M | -5.07M | 100K | -2.42M |
| Change in Inventory | 1.51M | -624K | 1.05M | 7.41M | -5.37M | -10.18M | -11.34M | -1.49M | 7.37M | 5M | -9.27M | -13.88M | -10.58M | -8.49M | -2.58M | -7.35M | -55K | -909K | -2.35M | -4.21M |
| Change in Payables | -7.66M | -2.58M | 2.63M | -16.32M | 10.02M | 1.35M | 11.05M | 0 | -916.67K | -10.1M | 0 | 5M | 5.16M | 0 | 0 | 0 | -642K | 2.02M | 0 | 0 |
| Cash from Investing | -3.65M | -1.96M | -1.72M | -1.96M | -2.07M | -1.34M | -1.82M | -2.77M | -4.41M | -6.63M | -4.62M | -6.6M | -9.05M | -4.28M | -10.43M | -4.81M | -13.81M | -5.74M | -3.62M | -1.08M |
| Capital Expenditures | -3.66M | -1.85M | -1.71M | -1.85M | -2.07M | -753K | -531K | -1.63M | -1.53M | -3.31M | -3.66M | -6.6M | -3.12M | -4.23M | -10.15M | -4.26M | -607K | -798K | -2.62M | -963K |
| CapEx % of Revenue | 5.42% | 3.09% | 2.65% | 3.44% | 4.03% | 1.82% | 1.19% | 4.06% | 3.47% | 8.91% | 11.6% | 17.14% | 6.42% | 9.09% | 23.16% | 11.13% | 1.47% | 2.08% | 7.41% | 3.32% |
| Acquisitions | 0 | 0 | -3.75M | 0 | 425 | -307K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 9K | -107K | 3.75M | -112K | 0 | -276K | -1.29M | -1.13M | -2.88M | -3.31M | -958K | 0 | -5.93M | -49K | -282K | -553K | -13.21M | -4.94M | -1M | -120K |
| Cash from Financing | 23.46M | -864K | 6.37M | 29.45M | 5.12M | -203K | 74.49M | -28K | 389K | 51.04M | 65K | 487K | 84.49M | 1.18M | 24.98M | 1.26M | 72.32M | 1.7M | 207K | 1.64M |
| Debt Issued (Net) | 17.82M | -1.17M | -759.72K | 29.5M | 4.99M | 0 | 24.67M | 0 | 0 | 0 | 0 | 0 | 26K | -26K | 24.49M | -5K | 70.3M | -7K | -12K | -31K |
| Equity Issued (Net) | 15.92M | 1.01M | 7.27M | 31K | 272.51K | 79K | 49.75M | -87K | 636.59K | 49.74M | -34K | 872.92K | 84.54M | -62K | 1K | -5K | 363.74K | 0 | -268K | -13K |
| 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 | -119K | -87K | 0 | -119K | -34K | 0 | 0 | -62K | 1K | -5K | 0 | 0 | -268K | -13K |
| Other Financing | -10.28M | -702K | -139K | -77K | -143.41K | -282K | 68.43K | 59K | -247.59K | 1.31M | 99K | -385.92K | -72K | 1.27M | 485K | 1.27M | 1.66M | 1.7M | 487K | 1.68M |
| Net Change in Cash | 3.06M | -7.47M | 4.95M | 15.98M | -14.54M | -21.17M | 50.65M | -14.9M | -18.38M | 32.95M | -12.15M | -37.99M | 47.34M | -23.51M | 1.01M | -25.91M | 46.6M | -8.76M | -11.21M | -12.18M |
| Free Cash Flow | -20.15M | -6.27M | -2.43M | -13.21M | -20.32M | -21.48M | -22.52M | -14.09M | -18.55M | -17.78M | -11.81M | -38.11M | -37.29M | -24.84M | -24.16M | -26.24M | -24.62M | -10.58M | -10.32M | -13.42M |
| FCF Margin % | -29.84% | -10.47% | -3.76% | -24.56% | -39.61% | -51.91% | -50.59% | -35.04% | -42.06% | -47.83% | -37.42% | -98.97% | -76.79% | -53.4% | -55.15% | -68.6% | -59.77% | -27.51% | -29.24% | -46.21% |
| FCF Growth % | 0.82% | 70.81% | 89.22% | 6.27% | -9.51% | -20.81% | -90.67% | 63.02% | 50.24% | 28.44% | 51.12% | -45.26% | -51.46% | -134.83% | -134.04% | -95.54% | -1336.35% | -35.77% | -428.06% | -165.81% |
| FCF per Share | -0.67 | -0.21 | -0.08 | -0.45 | -0.69 | -0.73 | -0.78 | -0.51 | -0.66 | -0.64 | -0.45 | -1.46 | -1.46 | -1.01 | -0.99 | -1.07 | -1.01 | -0.44 | -0.43 | -0.56 |
| FCF Conversion (FCF/Net Income) | 1.41x | 0.32x | 0.21x | 1.01x | 1.13x | 1.00x | 0.60x | 0.75x | 0.83x | 0.69x | 0.40x | 1.08x | 1.69x | 1.73x | 1.03x | 1.18x | 0.31x | 0.82x | 0.54x | 0.85x |
| Interest Paid | -5.86M | 5.86M | 0 | 5.14M | 5.08M | 5.14M | 4.69M | 3.63M | 26K | 1.47M | 1.49M | 1.42M | 1.42M | 1.36M | 1.18M | 1.17M | 1.31M | 1.71M | 1.75M | 1.75M |
| Taxes Paid | -1.04M | 1.04M | 0 | 154K | 56K | 79K | -814K | 0 | 70K | 676K | 0 | 812K | 780K | 0 | 0 | 0 | 686K | 159K | 0 | 0 |