ZENAS BIOPHARMA, INC. — Cash Flow Charts
2 years of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow
$-172M
Free Cash Flow
$-172M
Investing Cash Flow
$-252M
Financing Cash Flow
$215M
Capex
$18K
Stock-Based Comp
$26M
Debt Issued
$75M
D&A
$56K
SBC Allocated Expense
$26M