Exzeo Group (XZO) Cash Flow: Operating & Free Cash Flow

Exzeo Group 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 Exzeo Group, Inc. (XZO) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2020	Dec 2019
Operating Activities
Net Income	82.75	26.07	12.70	-42.01	-12.42	-6.91
Depreciation & Amortization	2.93	2.36	2.20	1.69	1.10	0.68
Deferred Income Tax	-5.10	0.00	0.00	-	0.00	0.00
Stock Based Compensation	2.64	3.38	0.00	3.51	1.77	0.00
Change in Working Capital	16.90	15.80	-2.20	17.90	39.95	36.13
Change in Accounts Receivable	-11.13	-1.84	-3.05	-	-2.33	-3.88
Change in Accounts Payable	0.43	0.44	0.61	-0.65	0.00	0.00
Change in Other Working Capital	27.60	-5.11	0.25	-2.56	11.95	40.02
Other Operating Activities	0.17	-17.60	46.66	22.22	-0.02	3.20
Net Cash from Operating Activities	100.30	191.91	59.37	-16.76	30.38	33.09
Investing Activities
Capital Expenditures	-2.84	-3.33	-3.25	-3.45	-1.49	-2.45
Purchases of Investments	0.00	0.00	0.00	-	-1.02	-11.93
Sales/Maturities of Investments	0.00	0.00	0.00	-	17.48	13.65
Other Investing Activities	0.00	-189.19	-13.35	-17.99	0.00	0.00
Net Cash from Investing Activities	-2.84	-192.52	-16.60	-241.82	-2.51	-0.74
Financing Activities
Debt Repayment	0.00	-2.99	-0.01	-0.01	-0.01	-0.01
Common Stock Issued	156.21	0.00	0.00	-	0.01	5.00
Common Stock Repurchased	-1.49	-0.48	-0.35	-0.41	0.00	0.00
Dividends Paid	0.00	-2.92	-6.76	-	0.00	0.00
Other Financing Activities	-1.07	0.00	0.00	-	-0.01	0.00
Net Cash from Financing Activities	153.65	-6.40	-7.12	30.06	21.99	4.99
Summary
Effect of Forex Changes on Cash	-0.23	46.45	-20.59	-	0.00	14.52
Net Change in Cash	250.87	-7.09	15.06	-228.62	49.86	51.86
Cash at Beginning of Period	54.50	15.06	0.00	-	51.86	0.00
Cash at End of Period	305.37	54.50	15.06	-	101.73	51.86
Free Cash Flow	97.45	188.58	56.12	-20.22	28.90	30.64
Supplemental Disclosures
Interest Paid	-	3.47	1.68	0.80	0.00	0.00
Income Taxes Paid	34.22	14.26	0.87	0.78	0.15	0.11

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

Frequently Asked Questions About Exzeo Group Cash Flow

What is Exzeo Group's free cash flow?

Exzeo Group generated free cash flow of $97.45M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $100.30M minus $2.84M of capital expenditures. That was down 48.3% from $188.58M a year earlier. Free cash flow equaled 44.9% of revenue.

How much does Exzeo Group spend on capital expenditures?

Exzeo Group spent $2.84M on capital expenditures in fiscal 2025, compared with $3.33M a year earlier. That equals 2.8% of operating cash flow.

Does Exzeo Group pay dividends or buy back shares?

Yes. In fiscal 2025 Exzeo Group returned $1.49M 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