Qilian International Holding Group Limited (BGM) Cash Flow Statement
Where BGM’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- −$2.4M −535.9% vs FY2024
- Capital expenditures
- $2.1M 5.4% of revenue
- Free cash flow
- −$4.4M −11.7% margin
- Returned to shareholders
- —
- Change in cash
- $3,186 cash at year-end $9.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
BGM operating cash flow, capex and free cash flow
BGM cash flow trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.7MFY2017 | −$2.4MFY2025 | — | |
| Capital expenditures | $1.5MFY2017 | $2.1MFY2025 | +3.8%/yr | |
| Free cash flow | $1.2MFY2017 | −$4.4MFY2025 | — | |
| Free cash flow margin | 5.1%FY2017 | −11.7%FY2025 | −16.8 pts | |
| Operating cash flow / net income | 1.74FY2017 | 9.26FY2022 | +7.52 | |
| Stock-based compensation | $0FY2020 | $10.2MFY2025 | — | |
| Dividends paid | $733,944FY2018 | $0FY2025 | −100.0% | |
| Capex / revenue | 6.8%FY2017 | 5.4%FY2025 | −1.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BGM cash flow by activity
BGM 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).
BGM cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −$19.9M | −$1.5M | −$8.1M | $1.4M | $3.1M | $4.9M | $5.9M | $5.2M | $1.5M |
| Depreciation & amortization | $1.5M | $1.2M | $1.1M | $1.2M | $1.2M | $1.2M | $1.2M | $1.3M | $1.2M |
| Stock-based compensation | $10.2M | $0 | $0 | $20,000 | $0 | $0 | — | — | — |
| Change in working capital | −$3.2M | $785,703 | $1.1M | $8.8M | −$3.7M | −$785,073 | −$7.7M | −$2.2M | −$227,601 |
| Other non-cash items | $9.1M | $38,467 | $6.2M | $1.3M | −$292,530 | −$247,352 | $17,877 | $221,267 | $129,376 |
| Cash from operating activities | −$2.4M | $544,238 | $312,209 | $12.7M | $345,034 | $5.1M | −$580,197 | $4.4M | $2.7M |
| Investing activities | |||||||||
| Capital expenditures | −$2.1M | −$3.9M | −$3.7M | −$3.3M | −$3.5M | −$458,564 | −$617,023 | −$1.1M | −$1.5M |
| Investments (net) | −$370,518 | $983,418 | −$4.7M | −$3.3M | −$24.2M | −$375,592 | — | — | — |
| Acquisitions & other investing | $2.3M | $3.9M | $3.7M | $3.3M | $3.5M | $458,564 | −$183,158 | −$268,905 | −$159,236 |
| Cash from investing activities | −$162,908 | $983,418 | −$4.7M | −$3.3M | −$24.2M | −$375,592 | −$800,181 | −$1.4M | −$1.7M |
| Financing activities | |||||||||
| Dividends paid | $0 | $0 | −$1.8M | $0 | — | $0 | — | −$733,944 | — |
| Net borrowing (repayment) | $2.6M | −$491,728 | −$1.2M | −$5.9M | $123,697 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $23.9M | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $56,711 | $0 | $0 | $2.1M | $507,202 | −$2.4M | $1.3M |
| Cash from financing activities | $2.6M | −$491,728 | −$2.9M | −$5.9M | $24.0M | $2.1M | $507,202 | −$3.1M | $1.3M |
| Summary | |||||||||
| Net change in cash | $3,186 | $2.3M | −$7.5M | $2.4M | $740,243 | $7.3M | −$1.0M | −$246,076 | $2.3M |
| Cash at end of period | $9.8M | $9.8M | $7.5M | $15.0M | $12.6M | $11.9M | $4.6M | $5.6M | $5.4M |
| Free cash flow | −$4.4M | −$3.4M | −$3.4M | $9.4M | −$3.1M | $4.6M | −$1.2M | $3.3M | $1.2M |
| Free cash flow margin | −11.7% | −13.5% | −7.3% | 14.5% | −5.5% | 9.2% | −2.6% | 6.6% | 5.1% |
| Capex / revenue | 5.4% | 15.7% | 8.0% | 5.0% | 6.1% | 0.9% | 1.3% | 2.2% | 6.8% |
| Operating cash flow / net income | — | — | — | 9.26 | 0.11 | 1.03 | −0.10 | 0.85 | 1.74 |
| Mar '26 | Sep '25 | Mar '25 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$2.1M | −$19.1M | −$430,610 |
| Depreciation & amortization | $952,082 | $1.0M | $442,090 |
| Change in working capital | $2.4M | −$1.3M | −$1.9M |
| Other non-cash items | $1.3M | $20.1M | −$1.2M |
| Cash from operating activities | $2.5M | $683,655 | −$3.1M |
| Investing activities | |||
| Capital expenditures | −$663,786 | −$1.0M | −$1.0M |
| Acquisitions & other investing | $167,159 | $4.1M | −$2.2M |
| Cash from investing activities | −$496,627 | $3.1M | −$3.3M |
| Financing activities | |||
| Shares issued | $0 | $0 | $0 |
| Other financing | −$570,143 | −$4.7M | $7.4M |
| Cash from financing activities | −$570,143 | −$4.7M | $7.4M |
| Summary | |||
| Net change in cash | $1.7M | $168,721 | −$165,535 |
| Cash at end of period | $11.5M | $9.8M | $9.7M |
| Free cash flow | $1.8M | −$363,740 | −$4.1M |
| Free cash flow margin | 7.5% | −1.5% | −28.5% |
| Capex / revenue | 2.7% | 4.4% | 7.1% |
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.
BGM cash generation
In fiscal 2025 (ended September 30, 2025), Qilian International generated -$2.4 million of cash from operations (down 535.9%) and spent $2.1 million on capital expenditures, leaving free cash flow of -$4.4 million, −11.7% of revenue. Cash and equivalents rose by $0.0 million over the year.
Related: BGM income statement, BGM balance sheet. See the BGM stock overview for the latest quote and news.
BGM cash flow FAQ
What is Qilian International's free cash flow?
Qilian International's free cash flow was -$4.4 million in fiscal 2025: -$2.4 million of operating cash flow minus $2.1 million of capital expenditures It was -$3.4 million a year earlier..
How much cash does Qilian International generate from operations?
Qilian International generated -$2.4 million of cash from operating activities in fiscal 2025.
How much does Qilian International spend on capital expenditures?
Qilian International spent $2.1 million on capital expenditures in fiscal 2025, 5.4% of revenue, compared with $3.9 million the year before.