Bon Natural Life Limited (BON) Cash Flow Statement
Where BON’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- $141,115
- Capital expenditures
- $4.4M 23.4% of revenue
- Free cash flow
- −$4.2M −22.7% margin
- Returned to shareholders
- —
- Change in cash
- $5.6M cash at year-end $6.3M
Cash from operations
$141,115
Capital expenditures
−$4.4M
Acquisitions & other
−$5.6M
Net borrowing (repayment)
+$4.8M
Shares issued
+$10.7M
Currency & other
+$8,793
Change in cash
$5.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
BON operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
BON cash flow trends, FY2018–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $273,897FY2018 | $141,115FY2025 | −9.0%/yr | |
| Capital expenditures | $1.7MFY2018 | $4.4MFY2025 | +14.6%/yr | |
| Free cash flow | −$1.4MFY2018 | −$4.2MFY2025 | — | |
| Free cash flow margin | −13.1%FY2018 | −22.7%FY2025 | −9.6 pts | |
| Operating cash flow / net income | 1.23FY2018 | −18.49FY2024 | −19.72 | |
| Stock-based compensation | $29,047FY2019 | $1.4MFY2025 | +90.6%/yr | |
| Capex / revenue | 15.6%FY2018 | 23.4%FY2025 | +7.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BON cash flow by activity
OperatingInvestingFinancingChange in cash
BON 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).
BON cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −$2.0M | $417,684 | $4.6M | $6.2M | $4.6M | $3.0M | $2.6M | $223,376 |
| Depreciation & amortization | $1.3M | $1.3M | $1.2M | $366,608 | $286,694 | $230,597 | $226,633 | $224,084 |
| Stock-based compensation | $1.4M | $1.3M | $131,092 | $170,883 | $44,910 | $0 | $29,047 | — |
| Change in working capital | −$1.5M | −$11.7M | $249,454 | −$6.8M | −$652,582 | −$709,861 | $4.3M | −$510,717 |
| Other non-cash items | $910,997 | $931,438 | −$6.8M | −$130,950 | −$216,701 | $95,667 | −$16,317 | $337,154 |
| Cash from operating activities | $141,115 | −$7.7M | −$651,912 | −$187,121 | $4.1M | $2.6M | $7.1M | $273,897 |
| Investing activities | ||||||||
| Capital expenditures | −$4.4M | −$7,047 | −$61,906 | −$4.7M | −$4.8M | −$4.3M | −$7.1M | −$1.7M |
| Investments (net) | $0 | −$15,727 | −$1.2M | −$3.1M | −$1.7M | −$1.7M | −$1.7M | −$1.7M |
| Acquisitions & other investing | −$5.6M | $7,047 | $61,906 | $4.7M | −$1.0M | $3.0M | $770,735 | $1.7M |
| Cash from investing activities | −$10.0M | −$15,727 | −$1.2M | −$3.1M | −$7.4M | −$3.0M | −$8.0M | −$1.7M |
| Financing activities | ||||||||
| Net borrowing (repayment) | $4.8M | $3.2M | −$875,360 | $2.3M | −$5.4M | $394,045 | $368,716 | $2.0M |
| Shares issued | $10.7M | $5.6M | $2.0M | $0 | $11.3M | $0 | $0 | $0 |
| Other financing | $0 | $4,997 | $3,063 | $140 | −$521,651 | −$281,553 | $0 | $0 |
| Cash from financing activities | $15.5M | $8.8M | $1.2M | $2.3M | $5.4M | $112,492 | $368,716 | $2.0M |
| Summary | ||||||||
| Net change in cash | $5.6M | $545,906 | −$729,562 | −$1.1M | $1.9M | −$240,665 | −$527,085 | $820,856 |
| Cash at end of period | $6.3M | $657,205 | $111,299 | $840,861 | $1.9M | $53,106 | $293,771 | $820,856 |
| Free cash flow | −$4.2M | −$7.7M | −$713,818 | −$4.9M | −$700,783 | −$1.7M | $29,931 | −$1.4M |
| Free cash flow margin | −22.7% | −32.4% | −2.4% | −16.5% | −2.7% | −9.3% | 0.2% | −13.1% |
| Capex / revenue | 23.4% | 0.0% | 0.2% | 15.8% | 18.6% | 23.8% | 43.2% | 15.6% |
| Operating cash flow / net income | — | −18.49 | −0.14 | −0.03 | 0.88 | 0.87 | 2.76 | 1.23 |
| Jun '26 | Dec '25 | Mar '25 | Dec '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$9.2M | −$2.2M | $169,227 | $428,203 | −$10,519 | −$5,260 | $2.5M | $2.5M | $2.1M | $3.7M | $1.8M | $1.8M |
| Depreciation & amortization | $880,204 | $561,151 | $724,862 | $475,611 | $801,920 | $400,960 | $786,000 | $786,002 | $397,067 | $223,437 | $111,718 | $111,718 |
| Stock-based compensation | — | — | — | — | $1.0M | $504,918 | $96,092 | $96,092 | $17,500 | $40,532 | — | $40,532 |
| Change in working capital | $6.0M | $3.9M | −$5.4M | −$7.9M | −$3.7M | −$1.9M | $5.0M | −$3.0M | −$4.8M | −$3.9M | — | −$674,655 |
| Other non-cash items | $8.7M | $2.1M | $182,936 | $1.2M | $39,913 | $35,700 | −$6.9M | $1.1M | $71,509 | −$90,705 | −$2.0M | −$1.4M |
| Cash from operating activities | $6.4M | $4.4M | −$4.3M | −$5.8M | −$1.9M | −$942,087 | $1.5M | $1.5M | −$2.2M | −$56,543 | −$28,272 | −$28,272 |
| Investing activities | ||||||||||||
| Capital expenditures | −$4.3M | −$4.4M | −$3 | −$6,356 | −$694 | −$347 | −$503,930 | −$503,930 | −$18,101 | −$1.1M | −$573,804 | −$573,804 |
| Investments (net) | — | — | — | — | — | — | — | — | — | — | $41,791 | $41,791 |
| Acquisitions & other investing | $6,096 | −$5.6M | $4,398 | −$8,678 | $1 | — | −$663,634 | — | $0 | $83,536 | −$23 | −$23 |
| Cash from investing activities | −$4.3M | −$10.0M | $4,395 | −$15,034 | −$693 | — | −$1.2M | — | −$18,101 | −$1.1M | −$532,036 | −$532,036 |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | −$466,062 | — | — | — | — |
| Share repurchases & issuance (net) | — | — | — | — | — | — | −$172,456 | −$172,456 | — | — | — | — |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | −$142,542 | −$142,542 | $218,461 | $218,461 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $362,581 | $3.1M | $12.3M | $6.2M | $2.5M | $1.3M | −$587,213 | −$121,150 | $2.1M | $579,603 | $70 | $70 |
| Cash from financing activities | $362,581 | $3.1M | $12.3M | $6.2M | $2.5M | $1.3M | −$759,669 | −$759,668 | $1.9M | $437,061 | $218,531 | $218,531 |
| Summary | ||||||||||||
| Net change in cash | $2.9M | −$2.6M | $8.2M | −$60,674 | $606,580 | $302,564 | −$430,973 | −$429,521 | −$298,589 | −$768,218 | −$384,109 | −$384,110 |
| Cash at end of period | $9.2M | $6.3M | $8.9M | $657,205 | $717,879 | $302,564 | $111,299 | $112,751 | $542,272 | $840,861 | $1.6M | −$384,110 |
| Free cash flow | $2.1M | $65,100 | −$4.3M | −$5.8M | −$1.9M | −$942,434 | $1.0M | $1.0M | −$2.2M | −$1.2M | −$602,076 | −$602,076 |
| Free cash flow margin | 26.3% | 0.6% | −54.0% | −42.8% | −18.5% | −18.5% | 6.6% | 6.6% | −15.5% | −7.4% | — | −7.4% |
| Capex / revenue | 53.0% | 40.8% | 0.0% | 0.0% | 0.0% | 0.0% | 3.3% | 3.3% | 0.1% | 7.1% | — | 7.1% |
| Operating cash flow / net income | — | — | −25.38 | −13.64 | — | — | 0.61 | 0.62 | −1.03 | −0.02 | −0.02 | −0.02 |
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.
BON cash generation
In fiscal 2025 (ended September 30, 2025), Bon Natural Life generated $0.1 million of cash from operations and spent $4.4 million on capital expenditures, leaving free cash flow of -$4.2 million, −22.7% of revenue. Cash and equivalents rose by $5.6 million over the year.
Related: BON income statement, BON balance sheet. See the BON stock overview for the latest quote and news.
BON cash flow FAQ
What is Bon Natural Life's free cash flow?
Bon Natural Life's free cash flow was -$4.2 million in fiscal 2025: $0.1 million of operating cash flow minus $4.4 million of capital expenditures It was -$7.7 million a year earlier..
How much cash does Bon Natural Life generate from operations?
Bon Natural Life generated $0.1 million of cash from operating activities in fiscal 2025.
How much does Bon Natural Life spend on capital expenditures?
Bon Natural Life spent $4.4 million on capital expenditures in fiscal 2025, 23.4% of revenue, compared with $0.0 million the year before.