Voyager Therapeutics, Inc. (VYGR) 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 | -33.42M | -30.26M | -31.05M | -33.26M | -37.9M | -14.53M | -27.97M | -31.58M | 58.77M | -23.76M | -21.05M | -835K | 123.56M | -12.24M | -16.21M | -18.49M | 34.43M | 11.2M | -20.71M | -22.72M |
| Operating CF Margin % | -1288.82% | -197.33% | -232.31% | -639.63% | -585.43% | -231.43% | -113.56% | -106.77% | 301.12% | -26.38% | -456.24% | -17.21% | 82.11% | 789.94% | -39.44% | -2596.35% | 5231.91% | 39.88% | -1397.37% | -1674.06% |
| Operating CF Growth % | 11.81% | -108.29% | -11.01% | -5.32% | -164.48% | 38.85% | -32.86% | -3682.04% | -52.44% | -94.05% | -29.9% | 95.48% | 258.93% | -209.37% | 21.74% | 18.62% | 261.67% | 150.94% | 16.29% | -7.15% |
| Net Income | -27.94M | -27.43M | -27.89M | -33.38M | -31.02M | -34.49M | -9.04M | -10.14M | -11.33M | 56.4M | -25.9M | -22.21M | 124.04M | -23.63M | 17.62M | -19.09M | -21.32M | 5.71M | -25.14M | -30.12M |
| Depreciation & Amortization | 567K | 1.05M | 932K | 1.06M | 1.01M | 1.01M | 1.13M | 1.39M | 1.2M | 1.33M | 945K | 1.09M | 1.07M | 834K | 1.34M | 1.2M | 2.81M | 1.48M | 1.22M | 1.19M |
| Stock-Based Compensation | 2.49M | 3.52M | 3.46M | 4.13M | 3.67M | 3.74M | 3.43M | 4.04M | 3.57M | 3.04M | 2.88M | 2.67M | 2.56M | 2.35M | 2.19M | 0 | 2.32M | 1.65M | 2.08M | 3.99M |
| 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 | 1.27M | -468K | -654K | -1.96M | 253K | -1.48M | -1.87M | -518K | -815K | -1.76M | -1.79M | 72K | 27K | 384K | -25K | 2K | 21K | 25K | 111K | 1.53M |
| Working Capital Changes | -9.81M | -6.94M | -6.89M | -3.11M | -11.81M | 16.69M | -21.62M | -26.36M | 66.14M | -82.78M | 2.81M | 17.54M | -4.14M | 7.82M | -37.34M | -605K | 50.59M | 2.33M | 1.01M | 694K |
| Change in Receivables | 267K | 2.13M | -1.51M | -415K | 70K | 17.49M | -16.42M | 206K | 80.03M | -80.24M | 97K | 21.98M | -25.07M | 9.97M | -10.07M | 55K | 526K | 433K | 593K | 2.5M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.07M | -893K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -2.29M | 2.9M | 312K | -830K | -1.36M | 836K | 555K | -4.97M | 5.97M | -1.67M | 1.61M | -2.04M | 1.13M | 1.23M | 119K | 18K | 626K | -18K | -198K | -2.39M |
| Cash from Investing | 8.1M | 47.42M | 34.89M | 1.93M | 41.2M | -27.2M | 64.35M | -35.94M | -96.06M | 26.83M | -158.3M | -24.66M | 14.49M | 14.07M | 34.72M | -36.13M | -20M | -5.46M | 14.34M | 22.41M |
| Capital Expenditures | -14K | -626K | -207K | -1.1M | -658K | -155K | -258K | -967K | -2.14M | -755K | -782K | -1.21M | -509K | -933K | -278K | -1.24M | -38K | -347K | -660K | -227K |
| CapEx % of Revenue | 0.54% | 4.08% | 1.55% | 21.25% | 10.17% | 2.47% | 1.05% | 3.27% | 10.97% | 0.84% | 16.95% | 24.93% | 0.34% | -60.19% | 0.68% | 174.44% | 5.78% | 1.24% | 44.53% | 16.73% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157.52M | 23.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -157.52M | -23.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 3.33M | 136K | 85K | 513K | 82K | 574K | 14K | 571K | 112.86M | 460K | 331K | 1.55M | 31.31M | 276K | 15K | 807K | 12K | 227K | 0 | 357K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 3.33M | 136K | 85K | 513K | 82K | 574K | 14K | 0 | 112.78M | 0 | 0 | 0 | 31.12M | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 571K | 78K | 460K | 331K | 1.55M | 185K | 276K | 15K | 807K | 12K | 227K | 0 | 357K |
| Net Change in Cash | -21.99M | 17.3M | 1.19M | -30.82M | 3.39M | -41.16M | 36.4M | -66.95M | 75.56M | 3.53M | -179.02M | -23.95M | 169.36M | 2.1M | 18.53M | -53.54M | 14.44M | 5.96M | -6.37M | 45K |
| Free Cash Flow | -33.43M | -30.89M | -31.25M | -34.37M | -38.55M | -14.68M | -28.23M | -32.55M | 56.63M | -24.52M | -21.83M | -2.04M | 123.06M | -13.18M | -16.48M | -19.73M | 34.39M | 10.85M | -21.37M | -22.94M |
| FCF Margin % | -1289.36% | -201.41% | -233.86% | -660.88% | -595.6% | -233.9% | -114.6% | -110.04% | 290.15% | -27.22% | -473.19% | -42.14% | 81.78% | 850.13% | -40.12% | -2770.79% | 5226.14% | 38.64% | -1441.9% | -1690.79% |
| FCF Growth % | 13.28% | -110.36% | -10.73% | -5.59% | -168.08% | 40.1% | -29.28% | -1491.54% | -53.98% | -86.04% | -32.45% | 89.63% | 257.85% | -221.47% | 22.86% | 14.02% | 258.7% | 142.49% | 28.51% | 0.6% |
| FCF per Share | -0.56 | -0.53 | -0.53 | -0.59 | -0.66 | -0.25 | -0.49 | -0.56 | 0.99 | -0.54 | -0.50 | -0.05 | 2.92 | -0.34 | -0.42 | -0.52 | 0.90 | 0.29 | -0.57 | -0.61 |
| FCF Conversion (FCF/Net Income) | 1.20x | 1.10x | 1.11x | 1.00x | 1.22x | 0.42x | 3.09x | 3.11x | -5.19x | -0.42x | 0.81x | 0.04x | 1.00x | 0.52x | -0.92x | 0.97x | -1.61x | 1.96x | 0.82x | 0.75x |
| 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 |