Allarity Therapeutics, Inc. (ALLR) Cash Flow Statement
Where ALLR’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$14.8M
- Capital expenditures
- $8,000 2.5% of revenue
- Free cash flow
- −$14.8M −4,633.8% margin
- Returned to shareholders
- $3.2M
- Change in cash
- −$4.8M cash at year-end $14.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ALLR operating cash flow, capex and free cash flow
ALLR cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$4.0M2016 | −$14.8M2025 | — | |
| Capital expenditures | $77,8422016 | $8,0002025 | −22.3%/yr | |
| Free cash flow | −$4.1M2016 | −$14.8M2025 | — | |
| Free cash flow margin | −2,830.7%2016 | −4,633.8%2025 | −1,803.0 pts | |
| Stock-based compensation | $2.3M2017 | $482,0002025 | −17.9%/yr | |
| Dividends paid | $1.5M2022 | $11.0M2023 | +627.7%/yr | |
| Share buybacks (net) | $02021 | $3.2M2025 | — | |
| Capex / revenue | 54.3%2016 | 2.5%2025 | −51.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ALLR cash flow by activity
ALLR net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
ALLR cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$11.2M | −$24.5M | −$11.9M | −$16.1M | −$26.6M | −$5.1M | −$14.4M | −$2.3M | −$4.9M | −$3.7M |
| Depreciation & amortization | −$13,000 | $9,000 | $37,000 | $60,000 | $106,000 | $46,000 | $51,000 | $32,530 | $8,703 | $278,211 |
| Stock-based compensation | $482,000 | $71,000 | −$71,000 | $1.8M | $6.4M | $616,000 | $333,000 | $214,055 | $2.3M | — |
| Change in working capital | −$5.7M | $63,000 | $3.4M | −$328,000 | $5.6M | $445,000 | $2.1M | $278,195 | $164,708 | $25,910 |
| Other non-cash items | $1.6M | $7.0M | −$4.2M | −$2.2M | −$446,000 | −$3.3M | $1.8M | −$2.5M | $1.0M | −$599,350 |
| Cash from operating activities | −$14.8M | −$17.4M | −$12.7M | −$16.8M | −$15.1M | −$7.3M | −$10.1M | −$4.2M | −$1.3M | −$4.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$8,000 | −$298,000 | $0 | −$18,000 | −$18,000 | −$3,000 | −$8,000 | −$5,677 | −$37,000 | −$77,842 |
| Investments (net) | — | −$298,000 | −$18,000 | $791,000 | $1.0M | −$3,000 | $1.6M | $11.4M | −$794,000 | — |
| Acquisitions & other investing | $0 | $298,000 | — | $18,000 | $18,000 | $3,000 | −$1.3M | −$9.9M | $703,037 | −$100,898 |
| Cash from investing activities | −$8,000 | −$298,000 | — | $791,000 | $1.0M | −$3,000 | $229,000 | $1.5M | −$127,963 | −$178,740 |
| Financing activities | ||||||||||
| Dividends paid | — | — | −$11.0M | −$1.5M | — | — | — | — | — | — |
| Share repurchases & issuance (net) | −$3.2M | −$3.5M | −$6.7M | −$1.5M | $0 | — | — | — | — | — |
| Net borrowing (repayment) | $0 | $0 | −$2.6M | $1.0M | $970,000 | $17.7M | $22.0M | $18.9M | $18.9M | — |
| Shares issued | $13.8M | $40.3M | $18.1M | $17.3M | $32.1M | $3.7M | $13.6M | $0 | $0 | $0 |
| Other financing | $0 | $0 | $13.2M | −$16.5M | $724,000 | −$15.4M | −$24.4M | −$16.5M | −$17.7M | $4.3M |
| Cash from financing activities | $10.6M | $36.8M | $11.0M | −$1.3M | $33.8M | $6.0M | $11.2M | $2.4M | $1.2M | $4.3M |
| Summary | ||||||||||
| Net change in cash | −$4.8M | $19.4M | −$1.9M | −$17.5M | $19.3M | −$1.2M | $1.3M | −$298,649 | −$1.5M | $2.1M |
| Cash at end of period | $14.7M | $19.5M | $166,000 | $2.0M | $19.6M | $298,000 | $1.5M | $237,378 | $536,027 | $2.1M |
| Free cash flow | −$14.8M | −$17.6M | −$12.7M | −$16.8M | −$15.1M | −$7.3M | −$10.1M | −$4.2M | −$1.3M | −$4.1M |
| Free cash flow margin | −4,633.8% | — | — | — | — | — | −8,434.2% | −290.6% | −92.2% | −2,830.7% |
| Capex / revenue | 2.5% | — | — | — | — | — | 6.7% | 0.4% | 2.5% | 54.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$3.4M | −$2.8M | −$3.4M | −$2.8M | −$2.3M | −$2.7M | −$7.5M | −$11.6M | −$1.6M | −$3.8M | −$1.7M | −$4.4M |
| Depreciation & amortization | $34,000 | −$26,000 | $8,000 | −$44,000 | $12,000 | $11,000 | $1,000 | $5,000 | $1,000 | $2,000 | $9,000 | $9,000 |
| Stock-based compensation | $188,000 | $160,000 | $47,000 | $132,000 | $164,000 | $139,000 | $64,000 | $17,000 | $111,000 | −$32,000 | −$254,000 | $124,000 |
| Change in working capital | −$399,000 | −$2.0M | −$1.3M | −$816,000 | −$3.4M | −$149,000 | $3.9M | −$3.2M | −$3.6M | $2.9M | $3.5M | −$1.8M |
| Other non-cash items | $1.0M | $96,000 | $1.4M | $124,000 | $83,000 | $45,000 | $276,000 | $9.3M | −$2.1M | −$413,000 | −$3.2M | $754,000 |
| Cash from operating activities | −$2.6M | −$4.5M | −$3.2M | −$3.4M | −$5.5M | −$2.7M | −$3.2M | −$5.4M | −$7.2M | −$1.4M | −$1.7M | −$5.4M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$64,000 | $0 | $0 | $0 | $0 | −$298,000 | $0 | $0 | $0 | $0 | $0 |
| Investments (net) | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Acquisitions & other investing | — | $0 | −$8,000 | — | — | — | $0 | — | — | $116,000 | $116,000 | — |
| Cash from investing activities | — | −$64,000 | −$8,000 | — | — | — | −$298,000 | — | — | $116,000 | $116,000 | — |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | −$228,000 | −$71,000 | — | −$228,000 | — | — |
| Share repurchases & issuance (net) | $0 | −$262,000 | −$484,000 | −$141,000 | −$2.6M | $0 | $0 | −$3.5M | $0 | $6.7M | $6.7M | −$5.0M |
| Net borrowing (repayment) | $0 | $20.0M | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Shares issued | $0 | $2,000 | $244,000 | $2.5M | $0 | $11.1M | $4.2M | $8.4M | $27.6M | $40,000 | $0 | $10.1M |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | $228,000 | $71,000 | −$1.3M | −$5.1M | −$6.1M | $1.4M |
| Cash from financing activities | $0 | $19.7M | −$240,000 | $2.3M | −$2.6M | $11.1M | $4.2M | $4.9M | $26.3M | $1.4M | $522,000 | $6.5M |
| Summary | ||||||||||||
| Net change in cash | −$2.8M | $15.1M | −$2.2M | −$906,000 | −$9.9M | $8.2M | $1.1M | −$770,000 | $18.9M | $146,000 | −$1.2M | $979,000 |
| Cash at end of period | $27.0M | $29.8M | $14.7M | $16.9M | $17.8M | $27.7M | $19.5M | $18.5M | $19.2M | $312,000 | $166,000 | $1.4M |
| Free cash flow | −$2.6M | −$4.6M | −$3.3M | −$3.4M | −$5.5M | −$2.7M | −$3.5M | −$5.4M | −$7.2M | −$1.4M | −$1.7M | −$5.4M |
| Free cash flow margin | — | −18,228.0% | −1,015.9% | — | — | — | −58,400.0% | — | — | −1,249.1% | −1,492.9% | — |
| Capex / revenue | — | 256.0% | 0.0% | — | — | — | 4,966.7% | — | — | 0.0% | 0.0% | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
ALLR cash generation
In fiscal 2025 (ended December 31, 2025), Allarity Therapeutics generated -$14.8 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$14.8 million, −4,633.8% of revenue. It returned $3.2 million to shareholders through dividends ($0) and net share buybacks ($3.2 million). Cash and equivalents fell by $4.8 million over the year.
Related: ALLR income statement, ALLR balance sheet. See the ALLR stock overview for the latest quote and news.
ALLR cash flow FAQ
What is Allarity Therapeutics's free cash flow?
Allarity Therapeutics's free cash flow was -$14.8 million in fiscal 2025: -$14.8 million of operating cash flow minus $0.0 million of capital expenditures It was -$17.6 million a year earlier..
How much cash does Allarity Therapeutics generate from operations?
Allarity Therapeutics generated -$14.8 million of cash from operating activities in fiscal 2025.
How much does Allarity Therapeutics spend on capital expenditures?
Allarity Therapeutics spent $0.0 million on capital expenditures in fiscal 2025, 2.5% of revenue, compared with $0.3 million the year before.
How much stock does Allarity Therapeutics buy back?
Allarity Therapeutics spent $3.2 million on net share repurchases in fiscal 2025.