Annexon annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Annexon Free Cash Flow (FCF) History (ANNX)
Annexon reported −$186.5M in free cash flow for fiscal 2025, a decrease of $68.5M from the previous fiscal year.
View full Annexon company overviewAnnexon free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$186.5M | −$68.5M | — | — |
| 2024 | 2024-12-31 | −$118.0M | $3.3M | — | — |
| 2023 | 2023-12-31 | −$121.3M | $1.5M | — | — |
| 2022 | 2022-12-31 | −$122.8M | −$15.1M | — | — |
| 2021 | 2021-12-31 | −$107.8M | −$54.2M | — | — |
| 2020 | 2020-12-31 | −$53.6M | −$24.9M | — | — |
| 2019 | 2019-12-31 | −$28.6M | — | — | — |
Annexon quarterly free cash flow
Q3.19
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$48.1M | −$10.1M | — | — |
| Q1 2026 | 2026-03-31 | −$46.8M | $3.3M | — | — |
| Q4 2025 | 2025-12-31 | −$45.9M | −$22.4M | — | — |
| Q3 2025 | 2025-09-30 | −$52.4M | −$24.0M | — | — |
| Q2 2025 | 2025-06-30 | −$38.1M | −$1.7M | — | — |
| Q1 2025 | 2025-03-31 | −$50.1M | −$17.0M | — | — |
| Q4 2023 | 2023-12-31 | −$23.5M | $3.9M | — | — |
| Q3 2023 | 2023-09-30 | −$28.3M | $2.6M | — | — |
| Q2 2023 | 2023-06-30 | −$36.4M | −$7.4M | — | — |
| Q1 2023 | 2023-03-31 | −$33.1M | $2.4M | — | — |
| Q4 2022 | 2022-12-31 | −$27.4M | $1.8M | — | — |
| Q3 2022 | 2022-09-30 | −$30.9M | −$405,000 | — | — |
| Q2 2022 | 2022-06-30 | −$29.0M | −$4.4M | — | — |
| Q1 2022 | 2022-03-31 | −$35.5M | −$12.0M | — | — |
| Q4 2021 | 2021-12-31 | −$29.2M | −$15.3M | — | — |
| Q3 2021 | 2021-09-30 | −$30.5M | −$23.5M | — | — |
| Q2 2021 | 2021-06-30 | −$24.6M | — | — | — |
| Q1 2021 | 2021-03-31 | −$23.5M | — | — | — |
| Q3 2020 | 2020-09-30 | −$13.9M | — | — | — |
| Q3 2019 | 2019-09-30 | −$7.0M | — | — | — |
Annexon free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$53.6M to −$186.5M, a net decrease of $132.9M. Annexon's latest reported quarter, Q2 2026, generated −$48.1M in free cash flow, a decrease of $10.1M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Annexon filings at SEC.gov ↗