PI: the cashflow

MyFinsight

For the year ending 2025-12-31, PI had $2,153K increase in cash & cash equivalents over the period. $45,885K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31
Net income (loss)	-10,847
Depreciation and amortization	15,040
Stock-based compensation	55,263
Accretion of discount or amortization of premium on investments	2,339
Amortization of debt issuance costs	1,797
Induced conversion expense related to convertible notes	15,026
Deferred tax expense	-396
Accounts receivable	13,726
Inventory	-14,488
Prepaid expenses and other assets	727
Accounts payable	-3,376
Accrued compensation and employee related benefits	-12,512
Accrued and other liabilities	984
Operating lease right-of-use assets	-2,510
Operating lease liabilities	-2,812
Deferred revenue	373
Net cash provided by (used in) operating activities	58,746
Purchases of investments	202,771
Proceeds from sales of investments	12,937
Proceeds from maturities of investments	154,680
Purchases of property and equipment	12,861
Net cash provided by (used in) investing activities	-48,015
Proceeds from issuance of 2021 notes, net of issuance costs	183,658
Premiums paid for capped call transactions	-11,210
Payment of 2021 notes	190,000
Proceeds from exercise of stock options and employee stock purchase plan	11,795
Payments of taxes on restricted stock units	3,171
Net cash provided by (used in) financing activities	-8,928
Effect of exchange rate changes on cash and cash equivalents	350
Net increase (decrease) in cash and cash equivalents	2,153
Cash and cash equivalents at beginning of period	46,053
Cash and cash equivalents at end of period	48,206

Unit: Thousand (K) dollars