Tectonic Therapeutic (TECX) Cash Flow: Operating & Free Cash Flow

Tectonic Therapeutic 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 Tectonic Therapeutic, Inc. (TECX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2014
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2014
Operating Activities
Net Income	-74.15	-57.98	-42.82	-0.03	-8.93	-119.71	-72.97	-46.36	-18.65	-
Depreciation & Amortization	1.38	1.65	1.48	0.00	0.36	1.21	0.85	0.38	0.05	-
Stock Based Compensation	10.50	3.49	1.12	0.00	0.64	0.00	0.00	0.00	0.00	-
Change in Working Capital	-0.07	-10.28	-0.58	-7.40	1.92	4.24	-2.18	4.18	1.59	-
Change in Accounts Payable	0.12	-1.42	-0.17	-3.10	1.45	-0.88	1.03	2.02	0.18	-
Change in Other Working Capital	0.37	-8.86	-0.42	-4.30	0.46	5.12	-3.21	2.16	1.41	-
Other Operating Activities	2.27	4.04	0.13	-89.78	-6.45	15.47	6.63	2.90	0.55	-
Net Cash from Operating Activities	-60.08	-59.08	-40.68	-97.21	-12.45	-98.80	-67.67	-37.65	-16.38	-
Investing Activities
Capital Expenditures	-0.21	-0.16	-0.28	-0.27	-2.12	-1.18	-1.59	-1.83	-0.38	-
Acquisitions	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Net Cash from Investing Activities	-0.14	-0.16	-0.28	-0.27	-2.12	-1.18	-1.59	-1.83	-0.38	-
Financing Activities
Debt Repayment	-0.49	-0.48	-0.50	-0.39	3.61	0.00	0.00	0.00	0.00	-
Common Stock Issued	174.33	94.60	34.13	0.26	0.00	172.62	129.99	160.29	17.42	-
Common Stock Repurchased	-0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Other Financing Activities	-12.40	77.59	0.12	0.39	37.81	0.00	0.00	0.00	-0.04	-
Net Cash from Financing Activities	173.36	171.71	33.75	0.26	41.42	172.62	129.99	160.29	17.37	-
Summary
Effect of Forex Changes on Cash	-0.10	-0.01	0.02	0.49	0.00	0.00	0.00	0.00	0.00	-
Net Change in Cash	113.04	112.47	-7.20	-96.72	26.84	72.64	60.74	120.34	0.61	-
Cash at Beginning of Period	141.83	29.36	36.55	189.57	1.81	187.04	126.30	5.96	5.36	-
Cash at End of Period	254.87	141.83	29.36	92.85	28.65	259.68	187.04	126.30	5.96	-
Free Cash Flow	-60.29	-59.24	-40.96	-97.48	-14.58	-99.98	-69.25	-39.48	-16.77	-

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

Frequently Asked Questions About Tectonic Therapeutic Cash Flow

What is Tectonic Therapeutic's free cash flow?

Tectonic Therapeutic had negative free cash flow of $60.29M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$60.08M minus $208.00K of capital expenditures.

How much does Tectonic Therapeutic spend on capital expenditures?

Tectonic Therapeutic spent $208.00K on capital expenditures in fiscal 2025, compared with $156.00K a year earlier.

Does Tectonic Therapeutic pay dividends or buy back shares?

Yes. In fiscal 2025 Tectonic Therapeutic returned $17.00K 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