As of Q4'25, NU reported an Operating Cash Flow of USD 831.03M and a Free Cash Flow of USD 768.42M. Both metrics reflect a strong positive cash position at the end of the period, indicating robust operational performance and healthy liquidity. Over the period from Q1'23 to Q4'25, NU's cash flows have shown significant volatility, with alternating quarters of large positive and negative values. Notably, both Operating and Free Cash Flow experienced sharp declines in Q3'23 and Q3'24, followed by strong recoveries in subsequent quarters. Despite these fluctuations, the overall trend suggests resilience, as the company consistently returns to positive cash flow after downturns, highlighting effective cash management amidst operational challenges.