Cemtrex, Inc. (CETX) Cash Flow Statement
Where CETX’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- $159,315
- Capital expenditures
- $1.9M 2.5% of revenue
- Free cash flow
- −$1.8M −2.3% margin
- Returned to shareholders
- $69,705
- Change in cash
- $926,649 cash at year-end $6.3M
Cash from operations
$159,315
Capital expenditures
−$1.9M
Investments (net)
−$998,462
Acquisitions & other
−$30,743
Share buybacks (net)
−$69,705
Net borrowing (repayment)
−$595,107
Shares issued
+$1.5M
Other financing
+$3.3M
Currency & other
−$347,188
Change in cash
$926,649
Drawn to scale: where the cash came from and how it was used. Hover for values.
CETX operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CETX cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $4.0MFY2016 | $159,315FY2025 | −30.2%/yr | |
| Capital expenditures | $1.5MFY2016 | $1.9MFY2025 | +2.7%/yr | |
| Free cash flow | $2.5MFY2016 | −$1.8MFY2025 | — | |
| Free cash flow margin | 4.4%FY2016 | −2.3%FY2025 | −6.7 pts | |
| Operating cash flow / net income | 1.42FY2016 | −25.52FY2021 | −26.95 | |
| Stock-based compensation | $57,257FY2016 | $14,236FY2025 | −14.3%/yr | |
| Dividends paid | $528,637FY2016 | $11.6MFY2020 | +116.5%/yr | |
| Share buybacks (net) | $0FY2016 | $69,705FY2025 | — | |
| Capex / revenue | 2.7%FY2016 | 2.5%FY2025 | −0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CETX cash flow by activity
OperatingInvestingFinancingChange in cash
CETX 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).
CETX cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$28.3M | −$7.6M | −$9.2M | −$13.3M | $393,778 | −$9.4M | −$11.3M | −$9.2M | $4.4M | $2.8M |
| Depreciation & amortization | $1.4M | $1.3M | $1.0M | $1.8M | $1.3M | $2.7M | $3.0M | $2.3M | $3.1M | $772,434 |
| Stock-based compensation | $14,236 | $30,235 | $106,839 | $155,505 | $156,418 | $191,416 | $622,232 | $408,000 | $67,500 | $57,257 |
| Change in working capital | −$1.5M | −$1.1M | −$1.9M | −$3.6M | −$3.8M | −$2.9M | $2.8M | $1.6M | −$5.3M | $367,656 |
| Other non-cash items | $28.6M | $3.5M | $7.8M | −$1.1M | −$8.1M | $5.6M | $8.8M | $2.1M | −$1.2M | $0 |
| Cash from operating activities | $159,315 | −$3.9M | −$2.2M | −$16.1M | −$10.1M | −$3.8M | $3.9M | −$2.8M | $1.1M | $4.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$1.9M | −$1.3M | −$2.8M | −$1.8M | −$1.1M | −$1.6M | −$1.7M | −$12.2M | −$5.7M | −$1.5M |
| Investments (net) | −$998,462 | −$1.3M | −$5.6M | $6.6M | $3.0M | $2.8M | −$398,291 | −$12.2M | −$7.0M | −$16.5M |
| Acquisitions & other investing | −$30,743 | — | $2.8M | $1.8M | −$1.1M | −$3.7M | $8.9M | $12.2M | $5.7M | $17.0M |
| Cash from investing activities | −$3.0M | — | −$5.6M | $6.6M | $840,901 | −$2.4M | $6.8M | −$12.2M | −$7.0M | −$956,046 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | −$11.6M | −$7.3M | $0 | −$528,637 | −$528,637 |
| Share repurchases & issuance (net) | −$69,705 | −$69,705 | $0 | — | — | −$338,775 | −$273,092 | $0 | −$1.3M | $0 |
| Net borrowing (repayment) | −$595,107 | −$4.6M | $2.0M | $5.0M | $4.4M | $10.2M | −$209,804 | $3.8M | −$2.0M | $13.8M |
| Shares issued | $1.5M | $10.0M | $0 | $0 | $0 | $467,547 | $1.4M | $0 | $0 | $0 |
| Other financing | $3.3M | −$995,333 | $0 | $0 | $0 | $25.7M | −$5.5M | $1.5M | $14.2M | −$15.0M |
| Cash from financing activities | $4.1M | $4.4M | $2.0M | $5.0M | $4.4M | $24.4M | −$11.9M | $5.4M | $10.2M | −$1.7M |
| Summary | ||||||||||
| Net change in cash | $926,649 | −$929,170 | −$5.1M | −$5.0M | −$3.9M | $18.2M | $542,150 | −$9.7M | $4.4M | $1.3M |
| Cash at end of period | $6.3M | $5.4M | $6.3M | $12.2M | $17.2M | $21.1M | $2.9M | $2.3M | $10.4M | $1.5M |
| Free cash flow | −$1.8M | −$5.2M | −$5.0M | −$17.9M | −$11.1M | −$5.4M | $2.3M | −$15.0M | −$4.6M | $2.5M |
| Free cash flow margin | −2.3% | −7.8% | −8.4% | −39.8% | −25.8% | −12.3% | 5.8% | −16.7% | −3.8% | 4.4% |
| Capex / revenue | 2.5% | 1.9% | 4.7% | 4.1% | 2.5% | 3.6% | 4.2% | 13.6% | 4.7% | 2.7% |
| Operating cash flow / net income | — | — | — | — | −25.52 | — | — | — | 0.25 | 1.42 |
| 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 | −$4.4M | $1.2M | −$20.6M | −$3.4M | −$4.6M | $8.6M | −$28.9M | $4.4M | −$9.0M | −$1.6M | −$1.3M | −$1.2M |
| Depreciation & amortization | $1.0M | $458,939 | $412,395 | $394,608 | $312,905 | $310,766 | $337,259 | $330,100 | $325,451 | $304,889 | $368,301 | $327,806 |
| Stock-based compensation | $0 | $0 | $0 | $3,956 | $3,097 | $3,096 | $4,087 | $7,560 | $7,559 | $7,559 | $7,557 | $13,526 |
| Change in working capital | $518,915 | −$2.7M | $1.2M | −$2.4M | $2.0M | −$1.9M | $770,843 | −$2.5M | $2.9M | $1.2M | −$2.9M | $393,772 |
| Other non-cash items | $3.2M | −$3.4M | $18.1M | $2.1M | $4.1M | −$4.3M | $26.6M | −$4.1M | $6.4M | $457,418 | $647,979 | $1.1M |
| Cash from operating activities | $410,431 | −$4.4M | −$891,914 | −$3.3M | $1.8M | $2.8M | −$1.2M | −$1.9M | $675,759 | $386,837 | −$3.1M | $686,461 |
| Investing activities | ||||||||||||
| Capital expenditures | −$630,000 | −$153,198 | −$183,584 | −$495,791 | −$75,780 | −$435,539 | −$924,428 | −$868,012 | −$74,029 | −$64,642 | −$290,666 | −$2.0M |
| Investments (net) | $1.3M | −$6.0M | −$100,000 | — | −$45,780 | −$427,553 | −$1.0M | −$851,169 | $49,084 | −$64,998 | −$390,310 | −$4.9M |
| Acquisitions & other investing | −$2,460 | −$7.6M | $30,523 | −$982,716 | $75,780 | $435,539 | $924,428 | — | $74,029 | $64,642 | $290,666 | $2.0M |
| Cash from investing activities | $693,901 | −$13.7M | −$253,061 | −$1.5M | −$45,780 | −$427,553 | −$1.0M | — | $49,084 | −$64,998 | −$390,310 | −$4.9M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | $0 | −$9,473 | $0 | $0 | $0 | $0 | $0 | $0 | −$69,705 | — | — |
| Net borrowing (repayment) | −$1.0M | −$451,615 | $5.7M | $825,886 | −$1.4M | −$1.4M | $1.3M | $591,056 | −$6.5M | — | — | — |
| Shares issued | $0 | $4.0M | $6.0M | $0 | $1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $1.3M | $18,068 | $5.7M | $2.1M | $24,657 | $0 | $1.1M | −$60,001 | $9.1M | $322,146 | $998,099 | $3.3M |
| Cash from financing activities | $280,112 | $3.6M | $17.3M | $3.0M | $85,557 | −$1.4M | $2.4M | $531,055 | $2.6M | $252,441 | $998,099 | $3.3M |
| Summary | ||||||||||||
| Net change in cash | $1.4M | −$13.9M | $15.4M | −$1.8M | $2.1M | $601,779 | $43,862 | −$2.2M | $3.5M | $71,804 | −$2.3M | −$84,550 |
| Cash at end of period | $9.3M | $7.9M | $21.8M | $6.3M | $8.1M | $6.1M | $5.5M | $5.4M | $7.6M | $4.1M | $4.0M | $6.3M |
| Free cash flow | −$219,570 | −$4.6M | −$1.1M | −$3.7M | $1.7M | $2.4M | −$2.1M | −$2.7M | $601,730 | $322,195 | −$3.4M | −$1.3M |
| Free cash flow margin | −1.2% | −25.3% | −6.7% | −20.2% | 10.2% | 8.7% | −15.5% | −15.1% | 4.1% | 1.9% | −20.3% | −7.9% |
| Capex / revenue | 3.4% | 0.8% | 1.1% | 2.7% | 0.4% | 1.6% | 6.7% | 4.8% | 0.5% | 0.4% | 1.7% | 12.1% |
| Operating cash flow / net income | — | −3.62 | — | — | — | 0.32 | — | −0.43 | — | — | — | — |
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.
CETX cash generation
In fiscal 2025 (ended September 30, 2025), Cemtrex generated $0.2 million of cash from operations and spent $1.9 million on capital expenditures, leaving free cash flow of -$1.8 million, −2.3% of revenue. It returned $0.1 million to shareholders through dividends ($0) and net share buybacks ($0.1 million). Cash and equivalents rose by $0.9 million over the year.
Related: CETX income statement, CETX balance sheet. See the CETX stock overview for the latest quote and news.
CETX cash flow FAQ
What is Cemtrex's free cash flow?
Cemtrex's free cash flow was -$1.8 million in fiscal 2025: $0.2 million of operating cash flow minus $1.9 million of capital expenditures It was -$5.2 million a year earlier..
How much cash does Cemtrex generate from operations?
Cemtrex generated $0.2 million of cash from operating activities in fiscal 2025.
How much does Cemtrex spend on capital expenditures?
Cemtrex spent $1.9 million on capital expenditures in fiscal 2025, 2.5% of revenue, compared with $1.3 million the year before.
How much stock does Cemtrex buy back?
Cemtrex spent $0.1 million on net share repurchases in fiscal 2025.