Byrna Technologies Inc. (BYRN) Cash Flow Statement
Where BYRN’s cash came from and went, FY2025
November 30, 2025 · U.S. dollars- Cash from operations
- −$1.6M −113.4% vs FY2024
- Capital expenditures
- $7.6M 6.5% of revenue
- Free cash flow
- −$9.2M −7.8% margin
- Returned to shareholders
- $1.1M
- Change in cash
- −$3.1M cash at year-end $13.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
BYRN operating cash flow, capex and free cash flow
BYRN cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.7MFY2016 | −$1.6MFY2025 | — | |
| Capital expenditures | $21,844FY2016 | $7.6MFY2025 | +91.7%/yr | |
| Free cash flow | −$1.7MFY2016 | −$9.2MFY2025 | — | |
| Free cash flow margin | −1,077.9%FY2016 | −7.8%FY2025 | +1,070.1 pts | |
| Operating cash flow / net income | 0.92FY2024 | −0.16FY2025 | −1.08 | |
| Stock-based compensation | $77,936FY2016 | $3.1MFY2025 | +50.4%/yr | |
| Share buybacks (net) | $0FY2020 | $1.1MFY2025 | — | |
| Capex / revenue | 14.2%FY2016 | 6.5%FY2025 | −7.7 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BYRN cash flow by activity
BYRN 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).
BYRN cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $9.7M | $12.8M | −$8.2M | −$7.9M | −$3.3M | −$12.6M | −$4.4M | −$2.2M | −$2.8M | −$1.9M |
| Depreciation & amortization | $2.1M | $1.5M | $1.3M | $855,000 | $487,000 | $242,000 | $54,176 | $23,058 | $45,377 | $46,515 |
| Stock-based compensation | $3.1M | $3.4M | $5.4M | $5.4M | $3.1M | $1.7M | $732,497 | $1.7M | $426,612 | $77,936 |
| Change in working capital | −$20.8M | −$7.3M | $2.4M | −$13.4M | −$1.9M | −$6.2M | −$1.5M | −$1.1M | −$109,251 | $21,147 |
| Other non-cash items | $4.4M | $1.4M | $3.1M | $1.2M | −$2.8M | $19.4M | $1.4M | −$74,872 | $966,482 | $118,373 |
| Cash from operating activities | −$1.6M | $11.7M | $3.9M | −$13.8M | −$4.4M | $2.5M | −$3.8M | −$1.6M | −$1.5M | −$1.7M |
| Investing activities | ||||||||||
| Capital expenditures | −$7.6M | −$2.3M | −$903,000 | −$3.3M | −$1.8M | −$1.4M | −$245,971 | −$311,523 | −$21,844 | −$21,844 |
| Investments (net) | $7.1M | −$11.2M | −$3.0M | −$5.1M | −$5.9M | −$2.0M | −$245,971 | −$421,523 | −$21,844 | — |
| Acquisitions & other investing | $61,000 | $2.3M | $903,000 | $3.3M | $1.8M | $1.4M | $245,971 | $311,523 | $21,844 | $0 |
| Cash from investing activities | −$459,000 | −$11.2M | −$3.0M | −$5.1M | −$5.9M | −$2.0M | −$245,971 | −$421,523 | −$21,844 | −$21,844 |
| Financing activities | ||||||||||
| Share repurchases & issuance (net) | −$1.1M | −$4.7M | −$456,000 | −$17.5M | $56.0M | $7.7M | — | — | — | — |
| Net borrowing (repayment) | — | — | — | $0 | −$81,000 | $53,552 | $4.0M | $1.2M | −$431,054 | −$431,054 |
| Shares issued | $0 | $0 | $0 | $0 | $56.0M | $500,000 | $0 | $1.3M | $0 | $0 |
| Other financing | −$230,000 | $149,000 | $34,000 | $456,000 | −$54.6M | −$519,962 | $0 | −$1.3M | $3.7M | $394,180 |
| Cash from financing activities | −$1.3M | −$4.6M | −$422,000 | −$17.0M | $57.3M | $7.8M | $4.0M | $1.2M | $3.2M | −$36,874 |
| Summary | ||||||||||
| Net change in cash | −$3.1M | −$3.7M | $430,000 | −$36.3M | $46.7M | $8.5M | −$8,487 | −$782,656 | $1.8M | −$1.7M |
| Cash at end of period | $13.7M | $16.8M | $20.5M | $20.1M | $56.4M | $9.7M | $1.2M | $1.2M | $2.0M | $192,826 |
| Free cash flow | −$9.2M | $9.4M | $3.0M | −$17.1M | −$6.3M | $1.1M | −$4.0M | −$1.9M | −$1.5M | −$1.7M |
| Free cash flow margin | −7.8% | 11.0% | 7.0% | −35.6% | −14.9% | 6.7% | −434.7% | −762.4% | −510.4% | −1,077.9% |
| Capex / revenue | 6.5% | 2.7% | 2.1% | 6.8% | 4.4% | 8.6% | 26.6% | 124.5% | 7.5% | 14.2% |
| Operating cash flow / net income | −0.16 | 0.92 | — | — | — | — | — | — | — | — |
| 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 | −$2.9M | −$10.1M | $801,000 | $3.4M | $2.2M | $2.4M | $1.7M | $9.7M | $1.0M | $2.1M | $17,000 | −$829,000 |
| Depreciation & amortization | $466,000 | $727,000 | $635,000 | $498,000 | $618,000 | $559,000 | $440,000 | $378,000 | $438,000 | $337,000 | $338,000 | $341,000 |
| Stock-based compensation | $601,000 | $836,000 | $535,000 | $774,000 | $735,000 | $700,000 | $840,000 | $788,000 | $819,000 | $900,000 | $938,000 | $686,000 |
| Change in working capital | −$1.9M | $9.2M | −$6.4M | $3.7M | −$4.6M | −$13.0M | −$4.1M | −$555,000 | −$5.2M | −$4.4M | $2.8M | $3.2M |
| Other non-cash items | $3.3M | $3.6M | −$31,000 | $1.6M | −$1.3M | $3.9M | −$2.6M | −$3.0M | $1.5M | $3.0M | −$133,000 | $4.1M |
| Cash from operating activities | −$436,000 | $4.2M | −$4.4M | $9.9M | −$2.3M | −$5.5M | −$3.8M | $7.3M | −$1.4M | $1.9M | $3.9M | $7.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$102,000 | −$514,000 | −$621,000 | −$1.8M | −$2.2M | −$939,000 | −$2.6M | −$965,000 | −$689,000 | −$522,000 | −$171,000 | −$561,000 |
| Investments (net) | — | $750,000 | $0 | $751,000 | $1.2M | $4.7M | −$5.3M | −$9.8M | −$689,000 | −$522,000 | −$171,000 | −$561,000 |
| Acquisitions & other investing | −$500,000 | $0 | $0 | $0 | $2.2M | $939,000 | $2.6M | $965,000 | $689,000 | $522,000 | $171,000 | $561,000 |
| Cash from investing activities | −$602,000 | $236,000 | −$621,000 | −$1.0M | $1.2M | $4.7M | −$5.3M | −$9.8M | −$689,000 | −$522,000 | −$171,000 | −$561,000 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | $0 | −$953,000 | −$1.0M | −$67,000 | −$74,000 | −$67,000 | −$506,000 | −$3.0M | −$1.1M | $456,000 | $456,000 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$22,000 | −$325,000 | −$7,000 | −$384,000 | $73,000 | $141,000 | $93,000 | −$122,000 | $21,000 | $118,000 | −$446,000 | −$422,000 |
| Cash from financing activities | −$22,000 | −$325,000 | −$960,000 | −$1.4M | $6,000 | $67,000 | $26,000 | −$628,000 | −$3.0M | −$935,000 | $10,000 | $34,000 |
| Summary | ||||||||||||
| Net change in cash | −$1.0M | $4.2M | −$5.9M | $7.2M | −$506,000 | −$668,000 | −$9.2M | −$3.2M | −$4.7M | $612,000 | $3.7M | $6.8M |
| Cash at end of period | $8.4M | $12.1M | $7.9M | $13.7M | $6.5M | $7.0M | $7.7M | $16.8M | $20.1M | $24.8M | $24.2M | $20.5M |
| Free cash flow | −$538,000 | $3.7M | −$5.0M | $8.1M | −$4.5M | −$6.4M | −$6.4M | $6.3M | −$2.1M | $1.4M | $3.8M | $7.0M |
| Free cash flow margin | −3.5% | 22.4% | −17.4% | 23.1% | −16.0% | −22.4% | −24.5% | 22.5% | −10.0% | 7.0% | 22.6% | 44.5% |
| Capex / revenue | 0.7% | 3.1% | 2.1% | 5.1% | 8.0% | 3.3% | 10.1% | 3.4% | 3.3% | 2.6% | 1.0% | 3.6% |
| Operating cash flow / net income | — | — | −5.52 | 2.95 | −1.01 | −2.25 | −2.27 | 0.75 | −1.36 | 0.93 | 231.88 | — |
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.
BYRN cash generation
In fiscal 2025 (ended November 30, 2025), Byrna Technologies generated -$1.6 million of cash from operations (down 113.4%) and spent $7.6 million on capital expenditures, leaving free cash flow of -$9.2 million, −7.8% of revenue. It returned $1.1 million to shareholders through dividends ($0) and net share buybacks ($1.1 million). Cash and equivalents fell by $3.1 million over the year.
Related: BYRN income statement, BYRN balance sheet. See the BYRN stock overview for the latest quote and news.
BYRN cash flow FAQ
What is Byrna Technologies's free cash flow?
Byrna Technologies's free cash flow was -$9.2 million in fiscal 2025: -$1.6 million of operating cash flow minus $7.6 million of capital expenditures It was $9.4 million a year earlier..
How much cash does Byrna Technologies generate from operations?
Byrna Technologies generated -$1.6 million of cash from operating activities in fiscal 2025, −0.16 times its net income of $9.7 million.
How much does Byrna Technologies spend on capital expenditures?
Byrna Technologies spent $7.6 million on capital expenditures in fiscal 2025, 6.5% of revenue, compared with $2.3 million the year before.
How much stock does Byrna Technologies buy back?
Byrna Technologies spent $1.1 million on net share repurchases in fiscal 2025.