Groupon, Inc.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
GRPN$12.51-23.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net income (loss) | $(81,697) | $(56,514) | $(52,934) |
| Less: Income (loss) from discontinued operations, net of tax | (616) | — | — |
| Income (loss) from continuing operations | (81,081) | (56,514) | (52,934) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization of property, equipment and software | 17,121 | 27,889 | 43,401 |
| Amortization of acquired intangible assets | 1,481 | 3,011 | 7,817 |
| Stock-based compensation | 37,774 | 26,734 | 14,481 |
| (Gain) loss from changes in fair value of investments | — | — | 25,751 |
| Deferred income taxes | (2,932) | 4,496 | 1,735 |
| Foreign currency (gains) losses, net | (21,452) | 30,036 | (5,105) |
| Foreign VAT assessments | — | 8,692 | — |
| (Gain) on sale of assets | — | (5,160) | — |
| (Gain) on sale of business | (10,650) | — | — |
| (Gain) on sale of investment | (5,998) | — | — |
| Loss on extinguishment of debt | 99,925 | 1,631 | — |
| Change in assets and liabilities: | |||
| Accounts receivable | 3,009 | 15,276 | (4,482) |
| Prepaid expenses and other current assets | (4,319) | 18,598 | 21,364 |
| Right-of-use assets - operating leases | 3,443 | 2,525 | 9,747 |
| Accounts payable | (2,980) | (3,637) | (44,594) |
| Accrued merchant and supplier payables | 32,845 | (9,694) | (18,286) |
| Accrued expenses and other current liabilities | 8,486 | (7,047) | (37,851) |
| Operating lease obligations | (3,831) | (6,144) | (27,149) |
| Payment for early lease termination | — | (2,155) | (9,724) |
| Other, net | (6,343) | 7,357 | (2,156) |
| Net cash provided by (used in) operating activities from continuing operations | 64,498 | 55,894 | (77,985) |
| Net cash provided by (used in) operating activities from discontinued operations | — | — | — |
| Net cash provided by (used in) operating activities | 64,498 | 55,894 | (77,985) |
| Investing activities | |||
| Purchases of property and equipment and capitalized software | (14,624) | (15,333) | (19,285) |
| Proceeds from sale of assets, net | — | 9,116 | 1,489 |
| Proceeds from sale of business, net | 15,049 | — | — |
| Proceeds from sale or divestment of investment | 5,998 | — | 18,924 |
| Acquisitions of intangible assets and other investing activities | — | (595) | (2,525) |
| Net cash provided by (used in) investing activities from continuing operations | 6,423 | (6,812) | (1,397) |
| Net cash provided by (used in) investing activities from discontinued operations | — | — | — |
| Net cash provided by (used in) investing activities | 6,423 | (6,812) | (1,397) |
| Financing activities | |||
| Payments of borrowings under revolving credit agreement | — | (42,776) | (32,224) |
| Proceeds from issuance of 2027 Notes | — | 19,950 | — |
| Issuance costs for 2027 Notes | — | (3,703) | — |
| Issuance costs for 2030 Notes | (2,296) | — | — |
| Proceeds from Rights Offering, net of issuance costs | — | 79,619 | — |
| Taxes paid related to net share settlements of stock-based compensation awards | (6,188) | (2,332) | (3,299) |
| Proceeds from settlement of Capped Call Transactions | 2,732 | — | — |
| Distributions to noncontrolling interest holders | (1,887) | (2,596) | (2,540) |
| Other financing activities | 129 | (372) | 2,373 |
| Net cash provided by (used in) financing activities | (7,510) | 47,790 | (35,690) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (368) | (1,941) | 1,014 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 63,043 | 94,931 | (114,058) |
| Less: Net increase (decrease) in cash classified within current assets of discontinued operations | — | — | — |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 63,043 | 94,931 | (114,058) |
| Cash, cash equivalents and restricted cash, beginning of period (1) | 262,569 | 167,638 | 281,696 |
| Cash, cash equivalents and restricted cash, end of period (1) | $325,612 | $262,569 | $167,638 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
(1)The following table provides a reconciliation of cash, cash equivalents and restricted cash shown above to amounts reported within the Consolidated Balance Sheets as of December 31, 2025, 2024 and 2023 (in thousands):
| December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash and cash equivalents | $296,080 | $228,843 | $141,563 |
| Restricted cash included in prepaid expenses and other current assets | 29,532 | 33,726 | 26,075 |
| Cash, cash equivalents and restricted cash | $325,612 | $262,569 | $167,638 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of cash flow information | |||
| Cash activity: | |||
| Cash paid for interest | $14,678 | $3,366 | $6,624 |
| Income tax payments (2) | 36,771 | 15,511 | 7,904 |
| Cash paid for amounts included in the measurement of operating lease liabilities | 3,984 | 5,508 | 26,686 |
| Non-cash investing activity: | |||
| Right-of-use assets obtained in exchange for operating lease liabilities | 3,301 | 6,456 | 973 |
| Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software | (127) | 356 | (1,770) |
| Non-cash financing activity: | |||
| Exchanged 2026 Notes | (20,000) | (176,260) | — |
| Exchanged 2027 Notes | (150,000) | — | — |
| Issuance of the 2027 Notes in exchange for 2026 Notes | — | 176,260 | — |
| Issuance of the 2030 Notes in exchange for 2026 Notes and 2027 Notes | 244,071 | — | — |
(2)Income tax payments is inclusive of payments remitted, net of refunds received, related to the settlement of the Italy 2012 and 2017 Assessments. See Note 15, Income Taxes, for additional information.
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