Nuvalent, Inc. (NUVL) 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 | -92.4M | -73.33M | -70.46M | -76.6M | -54.82M | -62M | -45.82M | -41.16M | -36.09M | -30.21M | -22.98M | -22.14M | -24.41M | -17.78M | -18.18M | -15.47M | -13.54M | -12.96M | -11.4M | -9.71M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | -68.55% | -18.27% | -53.79% | -86.1% | -51.91% | -105.24% | -99.37% | -85.95% | -47.81% | -69.91% | -26.44% | -43.04% | -80.28% | -37.24% | -59.43% | -59.34% | -128.25% | -162.41% | - | - |
| Net Income | -109.28M | -118.7M | -122.44M | -99.65M | -84.58M | -74.76M | -84.34M | -57.17M | -44.48M | -38.29M | -33.65M | -29.09M | -25.19M | -26.12M | -19.72M | -18.47M | -17.55M | -17.29M | -12.43M | -9.84M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.54M | 0 | 0 | -2.54M | -836K | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 22.07M | 20.38M | 16.14M | 15.46M | 15.13M | 13.86M | 7.49M | 6.85M | 5.85M | 5.37M | 3.02M | 2.65M | 2.45M | 2.21M | 1.39M | 1.37M | 725K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 29.74M | 47.86M | 40.04M | 3.43M | -2.82M | -3.59M | 13.68M | -3.43M | -3.38M | -4.63M | -2.63M | -2.85M | 3.5M | 3K | -3K | 187K | 276K | 214K | 1K | -2K |
| Working Capital Changes | -12.86M | -2.48M | 11.94M | -2.45M | 12.2M | 218K | 9.39M | 4.31M | -2.08M | 2.69M | 6.44M | 3.96M | -2.06M | 6.16M | -1.11M | 355K | 1.53M | 2.73M | -348K | -597K |
| 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 | -7.69M | 7.81M | 8.67M | -12.82M | 20.94M | -10.63M | 8.45M | -5.99M | 4.12M | -507K | 1.66M | 1.68M | -672K | 2.48M | 592K | -218K | 1.35M | 732K | -914K | 1.63M |
| Cash from Investing | -19.41M | -280.94M | 53.97M | 77.48M | 25.42M | -170.04M | -212.91M | 16.21M | -206.77M | -56.26M | 38.4M | 1.59M | -127.26M | -65.4M | 17.57M | 24.11M | 13.06M | -163.46M | -56.57M | 0 |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.59K | -127.26K | -65.4K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 9.8M | 500.26M | 4.77M | 5.75M | 4.55M | 8.49M | 550.27M | 4.14M | 5.99M | 333.42M | 2.14M | 1.3M | -17K | 248.67M | 1.01M | 5K | -768K | -944K | 174.93M | 134.23M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -585K | -107K | 134.65M |
| Equity Issued (Net) | 9.8M | 500.26M | 4.77M | 5.75M | 4.55M | 8.79M | 550.46M | 4.29M | 6.45M | 334.05M | 1.39M | 1.66M | 529K | 248.63M | 394K | 200K | 13K | -359K | 175.04M | -420K |
| 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 | 0 | 0 | 0 | 0 | -6K | -295K | -188K | -156K | -466K | -622K | 755K | -364K | -546K | 43K | 612K | -195K | -781K | 0 | 0 | 0 |
| Net Change in Cash | -102.01M | 145.99M | -11.72M | 6.63M | -24.86M | -223.55M | 291.54M | -20.82M | -236.87M | 246.95M | 17.56M | -19.24M | -151.69M | 165.49M | 398K | 8.64M | -1.25M | -177.36M | 106.97M | 124.52M |
| Free Cash Flow | -92.4M | -73.33M | -70.46M | -76.6M | -54.82M | -62M | -45.82M | -41.16M | -36.09M | -30.21M | -22.98M | -22.14M | -24.41M | -17.78M | -18.18M | -15.47M | -13.54M | -12.96M | -11.4M | -9.71M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | -68.55% | -18.27% | -53.79% | -86.1% | -51.91% | -105.24% | -99.37% | -85.95% | -47.81% | -69.91% | -26.44% | -43.04% | -80.28% | -37.24% | -59.43% | -59.34% | -128.25% | -162.41% | - | - |
| FCF per Share | -1.17 | -0.98 | -0.98 | -1.07 | -0.77 | -0.87 | -0.70 | -0.64 | -0.56 | -0.49 | -0.40 | -0.39 | -0.43 | -0.33 | -0.38 | -0.32 | -0.28 | -0.27 | -0.36 | -0.21 |
| FCF Conversion (FCF/Net Income) | 0.85x | 0.62x | 0.58x | 0.77x | 0.65x | 0.83x | 0.54x | 0.72x | 0.81x | 0.79x | 0.68x | 0.76x | 0.97x | 0.68x | 0.92x | 0.84x | 0.77x | 0.75x | 0.92x | 0.99x |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |