AXIL Brands, Inc. (AXIL) Cash Flow Statement
Where AXIL’s cash came from and went, FY2025
November 30, 2025 · U.S. dollars- Cash from operations
- $1.9M +71,945.6% vs FY2024
- Capital expenditures
- $394,298 1.5% of revenue
- Free cash flow
- $1.5M 5.8% margin
- Returned to shareholders
- —
- Change in cash
- $1.5M cash at year-end $4.8M
Cash from operations
$1.9M
Capital expenditures
−$394,298
Net borrowing (repayment)
−$140,229
Other financing
+$121,844
Change in cash
$1.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
AXIL operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
AXIL cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$369,965FY2016 | $1.9MFY2025 | — | |
| Capital expenditures | $5,458FY2016 | $394,298FY2025 | +60.9%/yr | |
| Free cash flow | −$375,423FY2016 | $1.5MFY2025 | — | |
| Free cash flow margin | −64.5%FY2016 | 5.8%FY2025 | +70.3 pts | |
| Operating cash flow / net income | 1.60FY2022 | 2.26FY2025 | +0.66 | |
| Stock-based compensation | $131,342FY2016 | $1.1MFY2025 | +26.7%/yr | |
| Share buybacks (net) | $0FY2022 | $0FY2024 | — | |
| Capex / revenue | 0.9%FY2016 | 1.5%FY2025 | +0.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AXIL cash flow by activity
OperatingInvestingFinancingChange in cash
AXIL net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
AXIL cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $854,988 | $2.0M | $2.0M | $1.8M | −$182,903 | −$297,755 | −$172,767 | −$149,975 | −$342,539 | −$538,777 |
| Depreciation & amortization | $148,498 | $130,610 | $130,610 | $95,179 | $7,871 | $9,969 | $10,456 | $5,933 | $3,029 | $1,386 |
| Stock-based compensation | $1.1M | $267,183 | $267,183 | $207,342 | $21,967 | $138,800 | $0 | $5,000 | $32,089 | $131,342 |
| Change in working capital | −$101,568 | −$2.2M | −$2.2M | $764,571 | −$14,699 | $200,238 | $71,379 | −$39,899 | −$168,593 | $28,044 |
| Other non-cash items | −$82,191 | −$238,403 | −$238,403 | $26,469 | $41,709 | −$2,845 | $1,228 | $3,901 | $7,524 | $8,040 |
| Cash from operating activities | $1.9M | $2,677 | $2,677 | $2.9M | −$126,055 | $48,407 | −$89,704 | −$175,040 | −$468,490 | −$369,965 |
| Investing activities | ||||||||||
| Capital expenditures | −$394,298 | −$160,525 | −$160,525 | −$65,650 | −$5 | −$15,408 | −$9,230 | −$14,361 | −$4,123 | −$5,458 |
| Investments (net) | — | −$394,298 | −$160,525 | $1.0M | $0 | −$15,408 | −$9,230 | — | — | — |
| Acquisitions & other investing | $0 | $394,298 | — | $65,650 | — | $15,408 | $9,230 | $0 | $0 | $0 |
| Cash from investing activities | −$394,298 | −$160,525 | — | $1.0M | — | −$15,408 | −$9,230 | −$14,361 | −$4,123 | −$5,458 |
| Financing activities | ||||||||||
| Share repurchases & issuance (net) | — | $0 | −$1.2M | $0 | — | — | — | — | — | — |
| Net borrowing (repayment) | −$140,229 | −$6,365 | −$28,194 | −$40,419 | $31,700 | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $447,850 | $0 | $0 | $0 | $309,000 | $0 | $0 |
| Other financing | $121,844 | −$1.4M | −$146,274 | $132,620 | −$28,851 | $54,907 | $161,786 | −$1,290 | $283,610 | $422,600 |
| Cash from financing activities | −$18,385 | −$1.4M | −$1.4M | $540,051 | $2,849 | $54,907 | $161,786 | $307,710 | $283,610 | $422,600 |
| Summary | ||||||||||
| Net change in cash | $1.5M | −$1.6M | −$1.6M | $4.5M | −$123,206 | $87,906 | $62,852 | $118,309 | −$189,003 | $47,177 |
| Cash at end of period | $4.8M | $3.3M | $3.3M | $4.8M | $373,731 | $496,937 | $409,031 | $346,179 | $227,870 | $416,873 |
| Free cash flow | $1.5M | −$157,848 | −$157,848 | $2.9M | −$126,060 | $32,999 | −$98,934 | −$189,401 | −$472,613 | −$375,423 |
| Free cash flow margin | 5.8% | −0.6% | −0.6% | 12.1% | −5.4% | 2.0% | −9.8% | −19.1% | −50.6% | −64.5% |
| Capex / revenue | 1.5% | 0.6% | 0.6% | 0.3% | 0.0% | 0.9% | 0.9% | 1.4% | 0.4% | 0.9% |
| Operating cash flow / net income | 2.26 | 0.00 | 0.00 | 1.60 | — | — | — | — | — | — |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $420,571 | $1.5M | $203,046 | $704,883 | $334,294 | −$245,575 | $576,662 | $633,706 | −$109,805 | $49,516 | $781,091 | $1.0M |
| Depreciation & amortization | $65,538 | $62,752 | $54,370 | $67,514 | $62,087 | $55,497 | $45,666 | $34,440 | $12,895 | $46,976 | $27,612 | $27,785 |
| Stock-based compensation | $322,393 | $224,557 | $180,369 | $181,022 | $199,212 | $248,417 | $258,053 | $304,600 | $297,864 | $105,869 | $59,099 | $51,108 |
| Change in working capital | $3.2M | −$2.3M | −$25,375 | −$6,603 | −$1.3M | $117,766 | −$1.0M | $133,844 | $677,579 | −$633,445 | −$1.5M | −$174,306 |
| Other non-cash items | −$221,673 | −$269,877 | $182,313 | −$12,015 | −$76,101 | $18,326 | −$19,568 | −$99,734 | $18,785 | $94,438 | −$317,986 | −$67,721 |
| Cash from operating activities | $3.8M | −$799,965 | $594,723 | $934,801 | −$739,194 | $194,431 | −$169,944 | $1.0M | $897,318 | −$336,646 | −$912,790 | $854,941 |
| Investing activities | ||||||||||||
| Capital expenditures | −$55,333 | −$675 | −$41,899 | −$28,441 | −$8,366 | −$138,520 | −$88,305 | −$65,783 | −$41,840 | −$80,333 | −$9,347 | −$19,885 |
| Investments (net) | — | — | — | — | −$94,497 | −$138,520 | −$148,155 | −$65,783 | −$41,840 | −$80,333 | −$9,347 | −$19,885 |
| Acquisitions & other investing | −$109,880 | −$824 | −$31,610 | −$12,403 | $8,366 | $138,520 | $88,305 | $65,783 | $41,840 | $80,333 | $9,347 | $19,885 |
| Cash from investing activities | −$165,213 | −$1,499 | −$73,509 | −$40,844 | −$94,497 | −$138,520 | −$148,155 | −$65,783 | −$41,840 | −$80,333 | −$9,347 | −$19,885 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | — | −$138,459 | $3.1M | −$3.2M | $150,461 | −$729 | $3.9M | −$3.9M | $39,370 | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$130,999 | −$117,026 | −$3.0M | $3.2M | $0 | −$28,798 | −$4.0M | $4.0M | $0 | −$1.2M | −$152,727 | $65,652 |
| Cash from financing activities | −$130,999 | −$255,485 | $21,807 | −$4,613 | $150,461 | −$29,527 | −$152,328 | $124,100 | $39,370 | −$1.2M | −$152,727 | $65,652 |
| Summary | ||||||||||||
| Net change in cash | $3.5M | −$1.1M | $543,021 | $889,344 | −$683,230 | $26,384 | −$470,427 | $1.1M | $894,848 | −$1.6M | −$1.1M | $900,708 |
| Cash at end of period | $7.9M | $4.5M | $5.5M | $5.0M | $4.1M | $4.8M | $4.7M | $5.2M | $4.1M | $3.3M | $4.9M | $6.0M |
| Free cash flow | $3.7M | −$800,640 | $552,824 | $906,360 | −$747,560 | $55,911 | −$258,249 | $941,073 | $855,478 | −$416,979 | −$922,137 | $835,056 |
| Free cash flow margin | 60.9% | −9.4% | 7.6% | 11.1% | −10.9% | 1.0% | −3.7% | 12.2% | 14.6% | −6.4% | −14.3% | 9.9% |
| Capex / revenue | 0.9% | 0.0% | 0.6% | 0.3% | 0.1% | 2.4% | 1.3% | 0.9% | 0.7% | 1.2% | 0.1% | 0.2% |
| Operating cash flow / net income | 8.95 | −0.55 | 2.93 | 1.33 | −2.21 | — | −0.29 | 1.59 | — | −6.80 | −1.17 | 0.84 |
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.
AXIL cash generation
In fiscal 2025 (ended November 30, 2025), AXIL Brands generated $1.9 million of cash from operations (up 71,945.6%) and spent $0.4 million on capital expenditures, leaving free cash flow of $1.5 million, 5.8% of revenue. Cash and equivalents rose by $1.5 million over the year.
Related: AXIL income statement, AXIL balance sheet. See the AXIL stock overview for the latest quote and news.
AXIL cash flow FAQ
What is AXIL Brands's free cash flow?
AXIL Brands's free cash flow was $1.5 million in fiscal 2025: $1.9 million of operating cash flow minus $0.4 million of capital expenditures It was -$0.2 million a year earlier..
How much cash does AXIL Brands generate from operations?
AXIL Brands generated $1.9 million of cash from operating activities in fiscal 2025, 2.26 times its net income of $0.9 million.
How much does AXIL Brands spend on capital expenditures?
AXIL Brands spent $0.4 million on capital expenditures in fiscal 2025, 1.5% of revenue, compared with $0.2 million the year before.