Yuanbao Inc. cash flow statement

In fiscal 2025, Yuanbao Inc.'s operations generated $208m of cash; it spent $2.6m on capital projects, leaving free cash flow of $205m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Yuanbao Inc.: cash flow statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	62	168	208
Stock-based pay	5	9	10
Capital spending	1	0	3
Free cash flow	62	167	205
Free cash flow after stock pay	57	158	195

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Yuanbao Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Yuanbao Inc.