Crescent Biopharma (CBIO) Cash Flow: Operating & Free Cash Flow

Crescent Biopharma Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Crescent Biopharma, Inc. (CBIO) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-153.94	-17.87	-36.90	-46.69	-63.43	-51.03	-57.89	-48.27	-33.28
Depreciation & Amortization	0.08	0.04	0.15	0.21	0.26	0.27	0.90	0.28	0.26
Stock Based Compensation	13.30	4.54	3.56	3.86	6.09	6.90	6.22	4.59	3.76
Change in Working Capital	-13.37	37.85	-2.56	-4.66	-1.17	3.93	-1.21	0.08	-0.51
Change in Accounts Receivable	-18.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Accounts Payable	2.08	0.11	-0.10	-1.14	0.02	0.65	-1.23	0.02	1.06
Change in Other Working Capital	2.55	7.18	-2.46	-1.80	-1.18	3.28	0.02	0.06	-1.57
Other Operating Activities	82.40	0.00	0.86	0.83	0.75	0.68	0.00	0.00	0.00
Net Cash from Operating Activities	-71.53	-25.08	-34.88	-46.46	-57.49	-39.24	-51.98	-43.33	-29.77
Investing Activities
Capital Expenditures	-72.92	-0.01	-0.02	-0.08	-0.01	-0.07	-0.14	-0.13	-0.29
Other Investing Activities	-72.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-72.92	0.02	-0.02	-0.08	-0.01	-0.07	-0.14	-0.13	-0.29
Financing Activities
Common Stock Issued	321.89	0.32	28.71	4.16	10.70	17.82	0.41	128.43	113.57
Common Stock Repurchased	-0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	1.27	-3.04	0.12	0.00	0.03	0.32	0.00	1.02	0.37
Net Cash from Financing Activities	322.98	164.14	28.82	4.16	10.72	18.14	0.41	129.45	113.95
Summary
Net Change in Cash	178.53	139.06	-6.08	-42.38	-46.78	-21.17	-51.72	85.99	83.88
Cash at Beginning of Period	34.77	41.79	47.87	90.25	137.04	158.20	209.92	123.92	40.04
Cash at End of Period	213.30	10.72	41.79	47.87	90.25	137.04	158.20	209.92	123.92
Free Cash Flow	-144.45	-25.08	-34.90	-46.54	-57.50	-39.31	-52.13	-43.46	-30.06

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Crescent Biopharma Cash Flow

What is Crescent Biopharma's free cash flow?

Crescent Biopharma had negative free cash flow of $144.45M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$71.53M minus $72.92M of capital expenditures.

How much does Crescent Biopharma spend on capital expenditures?

Crescent Biopharma spent $72.92M on capital expenditures in fiscal 2025, compared with $9.97K a year earlier.

Does Crescent Biopharma pay dividends or buy back shares?

Yes. In fiscal 2025 Crescent Biopharma returned $177.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition