Cerberus Cyber Sentinel Corporation (CISO) Cash Flow Statement
Where CISO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$8.0M
- Capital expenditures
- $7,491 0.0% of revenue
- Free cash flow
- −$8.0M −30.0% margin
- Returned to shareholders
- —
- Change in cash
- $703,405 cash at year-end $1.7M
Cash from operations
−$8.0M
Net borrowing (repayment)
+$2.5M
Shares issued
+$4.6M
Other financing
+$1.5M
Change in cash
$703,405
Drawn to scale: where the cash came from and how it was used. Hover for values.
CISO operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CISO cash flow trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $280,0672017 | −$8.0M2025 | — | |
| Capital expenditures | $11,6582017 | $7,4912025 | −5.4%/yr | |
| Free cash flow | $280,0672017 | −$8.0M2025 | — | |
| Free cash flow margin | 46.5%2017 | −30.0%2025 | −76.5 pts | |
| Operating cash flow / net income | 0.792017 | 0.752018 | −0.03 | |
| Stock-based compensation | $823,9512019 | $3.5M2025 | +27.3%/yr | |
| Dividends paid | $246,7282017 | $02021 | −100.0% | |
| Share buybacks (net) | $1.8M2019 | $02021 | −100.0% | |
| Capex / revenue | 1.9%2017 | 0.0%2025 | −1.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CISO cash flow by activity
OperatingInvestingFinancingChange in cash
CISO 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).
CISO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −$8.1M | −$24.2M | −$80.2M | −$33.8M | −$39.1M | −$3.4M | −$1.4M | $323,124 | $356,617 |
| Depreciation & amortization | $1.2M | $2.7M | $3.4M | $3.3M | $418,236 | $122,112 | $16,406 | $16,406 | $16,406 |
| Stock-based compensation | $3.5M | $9.0M | $12.5M | $17.4M | $10.2M | $1.9M | $823,951 | — | — |
| Change in working capital | −$5.0M | $3.4M | $1.3M | $2.3M | −$2.1M | −$353,206 | $170,653 | −$79,352 | −$107,050 |
| Other non-cash items | $355,201 | $5.3M | $57.1M | $35,782 | $23.2M | $46,000 | $140,000 | −$16,406 | $14,094 |
| Cash from operating activities | −$8.0M | −$3.8M | −$5.9M | −$10.7M | −$7.4M | −$1.7M | −$203,358 | $243,772 | $280,067 |
| Investing activities | |||||||||
| Capital expenditures | −$7,491 | −$83,095 | −$213,629 | −$512,247 | $0 | −$249 | −$11,658 | −$11,658 | −$11,658 |
| Investments (net) | — | −$83,095 | −$160,158 | −$6.0M | $2.1M | $285,297 | $169,790 | $0 | — |
| Acquisitions & other investing | $0 | $83,095 | $213,629 | $512,247 | $0 | $249 | $11,658 | $36,258 | $181,448 |
| Cash from investing activities | −$7,491 | −$83,095 | −$160,158 | −$6.0M | $2.1M | $285,297 | $169,790 | $24,600 | $169,790 |
| Financing activities | |||||||||
| Dividends paid | — | — | — | — | $0 | −$20,000 | −$124,580 | −$229,431 | −$246,728 |
| Share repurchases & issuance (net) | — | — | — | — | $3.3M | $772,600 | −$1.8M | — | — |
| Net borrowing (repayment) | $2.5M | $4.3M | −$762,800 | $3.6M | $1.4M | $2.9M | −$90,213 | −$90,213 | −$90,213 |
| Shares issued | $4.6M | $154,947 | $6.7M | $10.7M | $3.2M | $1.1M | $2.0M | $0 | $0 |
| Other financing | $1.5M | −$579,000 | $300,353 | $1.5M | −$5.1M | −$63,000 | $1.8M | $114,813 | $92,046 |
| Cash from financing activities | $8.7M | $3.9M | $6.2M | $15.8M | $2.9M | $4.7M | $1.8M | −$204,831 | −$244,895 |
| Summary | |||||||||
| Net change in cash | $703,405 | −$69,853 | −$770,721 | −$891,872 | −$2.5M | $3.3M | $1.8M | $38,941 | $35,172 |
| Cash at end of period | $1.7M | $992,589 | $1.1M | $1.8M | $2.7M | $5.2M | $1.9M | $80,006 | $41,065 |
| Free cash flow | −$8.0M | −$3.9M | −$6.1M | −$11.2M | −$7.4M | −$1.7M | −$215,016 | $243,772 | $280,067 |
| Free cash flow margin | −30.0% | −12.8% | −10.7% | −24.0% | −48.8% | −23.5% | −11.3% | 38.0% | 46.5% |
| Capex / revenue | 0.0% | 0.3% | 0.4% | 1.1% | 0.0% | 0.0% | 0.6% | 1.8% | 1.9% |
| Operating cash flow / net income | — | — | — | — | — | — | — | 0.75 | 0.79 |
| 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 | −$1.6M | −$1.6M | −$2.2M | $2.5M | −$3.0M | −$5.4M | −$5.5M | −$3.7M | −$8.4M | −$6.6M | −$10.6M | −$5.5M |
| Depreciation & amortization | $236,674 | $237,996 | $283,432 | $301,780 | $268,143 | $353,931 | $577,242 | $659,510 | $651,492 | $817,627 | $794,008 | $663,515 |
| Stock-based compensation | $270,027 | $293,373 | $261,941 | $1.3M | $1.1M | $858,452 | $2.1M | $2.3M | $2.5M | $2.2M | $2.3M | $714,248 |
| Change in working capital | $349,434 | $136,676 | −$601,114 | −$932,325 | −$1.3M | −$2.1M | −$74,717 | $1.0M | $459,880 | $2.0M | $3.5M | $2.7M |
| Other non-cash items | $687,971 | $41,045 | $480,714 | −$4.0M | $567,059 | $3.4M | $2.7M | −$1.2M | $3.6M | $185,137 | $4.7M | $49,449 |
| Cash from operating activities | −$68,599 | −$879,816 | −$1.8M | −$876,710 | −$2.3M | −$3.0M | −$258,980 | −$903,104 | −$1.3M | −$1.4M | $784,386 | −$1.4M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$8,911 | −$7,491 | $0 | −$4 | $0 | −$83,095 | −$4 | −$7,524 | −$75,571 | −$47,351 | −$17,412 |
| Investments (net) | — | — | — | $0 | $0 | $0 | −$1.0M | $1.0M | −$7,524 | −$75,571 | −$24,310 | $13,018 |
| Acquisitions & other investing | — | $0 | $0 | — | — | — | $83,095 | $4 | $7,524 | $75,571 | — | $17,412 |
| Cash from investing activities | — | −$8,911 | −$7,491 | — | — | — | −$1.0M | $1.0M | −$7,524 | −$75,571 | — | $13,018 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −$21,803 | — | — | — | — | — | — | — | — | −$26,705 | — | — |
| Net borrowing (repayment) | $177,348 | −$167,192 | −$793,629 | $202,744 | −$298,651 | $3.4M | $2.2M | −$962,659 | — | — | — | — |
| Shares issued | $0 | $0 | $1.8M | $131,321 | $965,198 | $1.7M | $0 | $0 | $106,860 | $48,087 | $0 | $0 |
| Other financing | −$5,250 | $0 | $1.4M | $893,620 | $657,171 | −$1.4M | −$435,000 | $0 | $947,444 | $2.0M | $415,344 | $284,495 |
| Cash from financing activities | $150,295 | −$167,192 | $2.4M | $1.2M | $1.3M | $3.7M | $1.8M | −$962,659 | $1.1M | $2.0M | $415,344 | $284,495 |
| Summary | ||||||||||||
| Net change in cash | $81,696 | −$1.1M | $584,265 | $350,975 | −$1.0M | $794,271 | $549,503 | −$865,763 | −$208,140 | $454,547 | $291,962 | −$1.1M |
| Cash at end of period | $721,771 | $640,075 | $1.7M | $1.1M | $760,754 | $1.8M | $992,589 | $443,086 | $1.3M | $1.5M | $1.1M | $770,480 |
| Free cash flow | −$68,599 | −$888,727 | −$1.8M | −$876,710 | −$2.3M | −$3.0M | −$258,980 | −$903,100 | −$1.3M | −$1.5M | $737,035 | −$1.4M |
| Free cash flow margin | −1.2% | −14.3% | −28.7% | −13.6% | −35.0% | −41.2% | −3.5% | −12.0% | −16.4% | −12.5% | 5.4% | −16.2% |
| Capex / revenue | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 1.1% | 0.0% | 0.1% | 0.6% | 0.3% | 0.2% |
| Operating cash flow / net income | — | — | — | −0.35 | — | — | — | — | — | — | — | — |
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.
CISO cash generation
In fiscal 2025 (ended December 31, 2025), Cerberus Cyber Sentinel generated -$8.0 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$8.0 million, −30.0% of revenue. Cash and equivalents rose by $0.7 million over the year.
Related: CISO income statement, CISO balance sheet. See the CISO stock overview for the latest quote and news.
CISO cash flow FAQ
What is Cerberus Cyber Sentinel's free cash flow?
Cerberus Cyber Sentinel's free cash flow was -$8.0 million in fiscal 2025: -$8.0 million of operating cash flow minus $0.0 million of capital expenditures It was -$3.9 million a year earlier..
How much cash does Cerberus Cyber Sentinel generate from operations?
Cerberus Cyber Sentinel generated -$8.0 million of cash from operating activities in fiscal 2025.
How much does Cerberus Cyber Sentinel spend on capital expenditures?
Cerberus Cyber Sentinel spent $0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue, compared with $0.1 million the year before.