PLGO (PLGO) Cash Flow Statement
Where PLGO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$408.3M −166.0% vs 2024
- Capital expenditures
- $1.2M 0.1% of revenue
- Free cash flow
- −$409.5M −18.9% margin
- Returned to shareholders
- $373.3M
- Change in cash
- $301.0M cash at year-end $1.25B
Drawn to scale: where the cash came from and how it was used. Hover for values.
PLGO operating cash flow, capex and free cash flow
PLGO cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $316.1M2020 | −$408.3M2025 | — | |
| Capital expenditures | $2.0M2020 | $1.2M2025 | −9.7%/yr | |
| Free cash flow | $314.1M2020 | −$409.5M2025 | — | |
| Free cash flow margin | 40.8%2020 | −18.9%2025 | −59.7 pts | |
| Operating cash flow / net income | 2.502020 | −1.812025 | −4.31 | |
| Stock-based compensation | $10.8M2022 | $7.9M2025 | −9.9%/yr | |
| Dividends paid | $5.1M2020 | $52.3M2025 | +59.3%/yr | |
| Share buybacks (net) | $183.8M2020 | $321.0M2025 | +11.8%/yr | |
| Capex / revenue | 0.3%2020 | 0.1%2025 | −0.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PLGO cash flow by activity
PLGO net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
PLGO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | $225.5M | $113.3M | $2.13B | $62.3M | $68.3M | $126.5M |
| Depreciation & amortization | −$19.2M | −$14.0M | $300,000 | $3.9M | $4.5M | $2.6M |
| Stock-based compensation | $7.9M | $7.8M | $27.6M | $10.8M | — | — |
| Change in working capital | −$589.3M | $472.7M | $137.0M | $648.5M | $294.9M | $171.1M |
| Other non-cash items | −$33.2M | $38.4M | −$1.80B | $15.9M | $0 | $15.9M |
| Cash from operating activities | −$408.3M | $618.2M | $495.2M | $741.4M | $367.7M | $316.1M |
| Investing activities | ||||||
| Capital expenditures | −$1.2M | −$4.6M | −$6.4M | −$18.8M | −$7.1M | −$2.0M |
| Investments (net) | $683.9M | −$471.2M | −$828.5M | $234.7M | — | — |
| Acquisitions & other investing | $0 | $0 | $0 | $0 | −$1.11B | −$479.9M |
| Cash from investing activities | $682.7M | −$475.8M | −$834.9M | $215.9M | −$1.12B | −$481.9M |
| Financing activities | ||||||
| Dividends paid | −$52.3M | −$46.2M | $0 | −$500,000 | −$2.1M | −$5.1M |
| Share repurchases & issuance (net) | −$321.0M | −$105.5M | $0 | $0 | −$320.9M | −$183.8M |
| Net borrowing (repayment) | $393.3M | $0 | $0 | $0 | — | — |
| Shares issued | $0 | $0 | $89.4M | $0 | $0 | $0 |
| Other financing | −$200,000 | −$2.2M | −$196.3M | −$15.7M | $318.2M | $1.14B |
| Cash from financing activities | $19.8M | −$153.9M | −$106.9M | −$16.2M | −$4.8M | $948.6M |
| Summary | ||||||
| Net change in cash | $301.0M | −$17.5M | −$443.8M | $931.9M | $476.0M | — |
| Cash at end of period | $1.25B | $946.6M | $964.1M | $1.41B | $476.0M | — |
| Free cash flow | −$409.5M | $613.6M | $488.8M | $722.6M | $360.6M | $314.1M |
| Free cash flow margin | −18.9% | 29.1% | 14.5% | 47.7% | 30.6% | 40.8% |
| Capex / revenue | 0.1% | 0.2% | 0.2% | 1.2% | 0.6% | 0.3% |
| Operating cash flow / net income | −1.81 | 5.46 | 0.23 | 11.90 | 5.38 | 2.50 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $44.4M | $108.0M | $117.8M | $130.5M | $19.7M | −$42.5M | −$122.2M | $100.6M | $228.3M | $87.7M | $83.9M | $1.73B |
| Depreciation & amortization | −$2.1M | −$3.5M | −$3.9M | −$4.7M | −$4.8M | −$5.8M | −$5.0M | −$4.6M | $200,000 | — | — | $100,000 |
| Stock-based compensation | — | $1.7M | — | — | — | $1.3M | — | — | — | — | — | — |
| Change in working capital | −$368.4M | $163.6M | $126.9M | $15.0M | −$367.3M | −$363.9M | $230.4M | $220.5M | $64.3M | $59.3M | $168.6M | −$155.2M |
| Other non-cash items | $299.6M | $4.2M | −$12.0M | $14.4M | −$6.8M | −$22.2M | $22.9M | $2.4M | −$95.4M | $2.3M | −$2.3M | −$1.68B |
| Cash from operating activities | −$26.5M | $274.0M | $228.8M | $155.2M | −$359.2M | −$433.1M | $126.1M | $318.9M | $197.4M | $149.3M | $250.2M | −$101.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$200,000 | −$400,000 | −$200,000 | −$600,000 | −$100,000 | −$300,000 | −$700,000 | −$1.7M | −$4.6M | $0 | −$900,000 | −$900,000 |
| Investments (net) | — | −$224.3M | — | — | — | $445.0M | — | — | — | — | — | — |
| Acquisitions & other investing | −$318.1M | $0 | $64.7M | −$120.8M | $295.0M | $0 | −$179.5M | −$83.7M | −$64.6M | −$325.8M | −$39.8M | −$404.4M |
| Cash from investing activities | −$318.3M | −$224.7M | $64.5M | −$121.4M | $294.9M | $444.7M | −$180.2M | −$85.4M | −$69.2M | −$325.8M | −$40.7M | −$405.3M |
| Financing activities | ||||||||||||
| Dividends paid | −$12.5M | −$13.3M | −$14.9M | −$15.4M | −$10.9M | −$11.1M | −$11.2M | −$11.5M | — | — | — | — |
| Share repurchases & issuance (net) | −$60.3M | −$219.4M | −$118.7M | −$31.9M | −$148.3M | −$22.1M | — | −$67.9M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$125.0M | −$1.4M | $0 | $0 | $393.1M | $0 | $0 | $0 | — | $89.4M | — | −$190.2M |
| Cash from financing activities | −$197.8M | −$234.1M | −$133.6M | −$47.3M | $233.9M | −$33.2M | −$11.2M | −$79.4M | — | $89.4M | — | −$190.2M |
| Summary | ||||||||||||
| Net change in cash | −$544.8M | −$185.7M | $158.6M | −$14.5M | $175.8M | −$18.9M | −$72.5M | $160.0M | $964.1M | −$922.2M | $210.8M | $711.4M |
| Cash at end of period | $517.1M | $1.06B | $1.25B | $1.09B | $1.10B | $927.7M | $946.6M | $1.02B | $964.1M | — | $922.2M | $711.4M |
| Free cash flow | −$26.7M | $273.6M | $228.6M | $154.6M | −$359.3M | −$433.4M | $125.4M | $317.2M | $192.8M | $149.3M | $249.3M | −$102.6M |
| Free cash flow margin | −4.3% | 44.7% | 83.2% | 23.8% | −60.8% | −75.0% | 18.4% | 46.6% | 34.8% | 27.5% | — | — |
| Capex / revenue | 0.0% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.2% | 0.8% | 0.0% | — | — |
| Operating cash flow / net income | −0.60 | 2.54 | 1.94 | 1.19 | −18.23 | — | — | 3.17 | 0.86 | 1.70 | 2.98 | −0.06 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
PLGO cash generation
In fiscal 2025 (ended December 31, 2025), PLGO generated -$408.3 million of cash from operations (down 166.0%) and spent $1.2 million on capital expenditures, leaving free cash flow of -$409.5 million, −18.9% of revenue. It returned $373.3 million to shareholders through dividends ($52.3 million) and net share buybacks ($321.0 million). Cash and equivalents rose by $301.0 million over the year.
Related: PLGO income statement, PLGO balance sheet, PLGO dividend history. See the PLGO stock overview for the latest quote and news.
PLGO cash flow FAQ
What is PLGO's free cash flow?
PLGO's free cash flow was -$409.5 million in fiscal 2025: -$408.3 million of operating cash flow minus $1.2 million of capital expenditures It was $613.6 million a year earlier..
How much cash does PLGO generate from operations?
PLGO generated -$408.3 million of cash from operating activities in fiscal 2025, −1.81 times its net income of $225.5 million.
How much does PLGO spend on capital expenditures?
PLGO spent $1.2 million on capital expenditures in fiscal 2025, 0.1% of revenue, compared with $4.6 million the year before.
How much stock does PLGO buy back?
PLGO spent $321.0 million on net share repurchases in fiscal 2025.
How much does PLGO pay in dividends?
PLGO paid $52.3 million in dividends in fiscal 2025.