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Canva's IPO filings reveal $487m loss despite cash profit

Source: afr.com

Canva filed new documents showing bigger net losses despite positive cash flow.
Losses jumped to $US487 million in the first half of fiscal 2025 from $125 million prior.
The company still generated $US224 million in cash flow profit, highlighting accounting differences.

Canva, the Australian design software giant, revealed fresh US IPO filings that disclose mounting net losses even as it achieves cash flow profitability. The documents, submitted to the US Securities and Exchange Commission, outline financials for the half-year to December 2024. This comes amid Canva's long-awaited push towards a blockbuster public listing, spotlighting the gap between accounting losses and operational cash strength. It matters because investors scrutinise such metrics closely f