ClearOne, Inc. (CLRO) Cash Flow Statement
Where CLRO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$7.5M
- Capital expenditures
- $0
- Free cash flow
- −$7.5M
- Returned to shareholders
- $34,000
- Change in cash
- −$678,000 cash at year-end $739,000
Cash from operations
−$7.5M
Acquisitions & other
+$2.9M
Share buybacks (net)
−$34,000
Net borrowing (repayment)
+$3.0M
Shares issued
+$1.0M
Currency & other
−$34,000
Change in cash
−$678,000
Drawn to scale: where the cash came from and how it was used. Hover for values.
CLRO operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CLRO cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $7.8M2016 | −$7.5M2025 | — | |
| Capital expenditures | $730,0002016 | $02025 | −100.0% | |
| Free cash flow | $7.1M2016 | −$7.5M2025 | — | |
| Free cash flow margin | 14.6%2016 | −55.4%2024 | −70.0 pts | |
| Operating cash flow / net income | 3.212016 | −0.202022 | −3.41 | |
| Stock-based compensation | $685,0002016 | $79,0002025 | −21.3%/yr | |
| Dividends paid | $1.8M2016 | $02025 | −100.0% | |
| Share buybacks (net) | $6.1M2016 | $34,0002025 | −43.8%/yr | |
| Capex / revenue | 1.5%2016 | 1.7%2024 | +0.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CLRO cash flow by activity
OperatingInvestingFinancingChange in cash
CLRO 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).
CLRO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$26.1M | −$9.0M | −$560,000 | $20.6M | −$7.7M | $505,000 | −$8.4M | −$16.7M | −$14.2M | $2.4M |
| Depreciation & amortization | $256,000 | $240,000 | $1.3M | $3.6M | $3.5M | $2.9M | $2.5M | $1.6M | $1.5M | $1.9M |
| Stock-based compensation | $79,000 | $98,000 | $109,000 | $113,000 | $136,000 | $63,000 | $217,000 | $473,000 | $678,000 | $685,000 |
| Change in working capital | $24,000 | $919,000 | $55.8M | $4.1M | −$2.2M | $33,000 | $942,000 | $1.2M | −$11.9M | $2.5M |
| Other non-cash items | $18.2M | $1.6M | −$2.1M | −$32.5M | $1.9M | −$4.5M | $118,000 | $6.8M | $14.6M | $358,000 |
| Cash from operating activities | −$7.5M | −$6.1M | $54.6M | −$4.2M | −$4.4M | −$982,000 | −$4.7M | −$6.6M | −$9.3M | $7.8M |
| Investing activities | ||||||||||
| Capital expenditures | $0 | −$196,000 | −$375,000 | −$51,000 | −$221,000 | −$284,000 | −$205,000 | −$336,000 | −$638,000 | −$730,000 |
| Investments (net) | $0 | $4.2M | −$4.9M | $2.1M | −$8.5M | $1.7M | $240,000 | $8.3M | $13.4M | −$31,000 |
| Acquisitions & other investing | $2.9M | $196,000 | $375,000 | $51,000 | $221,000 | −$6.9M | −$5.2M | −$4.8M | −$2.6M | −$161,000 |
| Cash from investing activities | $2.9M | $4.2M | −$4.9M | $2.1M | −$8.5M | −$5.5M | −$5.1M | $3.2M | $10.2M | −$922,000 |
| Financing activities | ||||||||||
| Dividends paid | $0 | −$14.5M | −$29.0M | $0 | — | — | $0 | −$583,000 | −$2.2M | −$1.8M |
| Share repurchases & issuance (net) | −$34,000 | — | — | — | — | $4.8M | $23,000 | −$147,000 | −$5.1M | −$6.1M |
| Net borrowing (repayment) | $3.0M | $0 | −$3.9M | $2.0M | $902,000 | $1.5M | $2.7M | $2.7M | $2.7M | $2.7M |
| Shares issued | $1.0M | $0 | $0 | $0 | $10.0M | $4.8M | $0 | $9.9M | $0 | $0 |
| Other financing | $0 | $23,000 | $7,000 | $4,000 | −$697,000 | −$4.8M | $0 | −$2.6M | −$2.8M | −$2.9M |
| Cash from financing activities | $4.0M | −$14.5M | −$32.9M | $2.1M | $10.2M | $6.3M | $2.7M | $9.2M | −$7.5M | −$8.2M |
| Summary | ||||||||||
| Net change in cash | −$678,000 | −$16.4M | $16.9M | −$87,000 | −$2.7M | −$261,000 | −$7.1M | $5.6M | −$6.5M | −$1.3M |
| Cash at end of period | $739,000 | $1.4M | $17.8M | $984,000 | $1.1M | $3.8M | $4.1M | $11.2M | $5.6M | $12.1M |
| Free cash flow | −$7.5M | −$6.3M | $54.3M | −$4.2M | −$4.6M | −$1.3M | −$4.9M | −$7.0M | −$9.9M | $7.1M |
| Free cash flow margin | — | −55.4% | 290.1% | −16.8% | −15.9% | −4.4% | −19.4% | −24.7% | −23.7% | 14.6% |
| Capex / revenue | — | 1.7% | 2.0% | 0.2% | 0.8% | 1.0% | 0.8% | 1.2% | 1.5% | 1.5% |
| Operating cash flow / net income | — | — | — | −0.20 | — | −1.94 | — | — | — | 3.21 |
| 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 | −$914,000 | −$850,000 | −$1.3M | −$13.7M | −$4.6M | −$2.8M | −$2.2M | −$2.1M | −$2.8M | −$1.9M | $2.6M | −$1.4M |
| Depreciation & amortization | −$173,000 | $173,000 | $52,000 | $61,000 | $188,000 | $203,000 | $251,000 | $86,000 | $200,000 | $259,000 | $323,000 | $349,000 |
| Stock-based compensation | $0 | $0 | $13,000 | $22,000 | $21,000 | $23,000 | $25,000 | $21,000 | $22,000 | $26,000 | $29,000 | $33,000 |
| Change in working capital | $182,000 | −$366,000 | $366,000 | −$4.2M | $3.2M | $818,000 | −$1.4M | $870,000 | −$607,000 | $2.1M | $4.3M | −$108,000 |
| Other non-cash items | −$127,000 | −$370,000 | −$2.0M | $17.1M | $29,000 | $351,000 | $1.8M | −$768,001 | $50,000 | −$60,000 | −$3.9M | −$700,000 |
| Cash from operating activities | −$1.0M | −$1.4M | −$3.0M | −$754,000 | −$1.1M | −$1.4M | −$1.5M | −$1.9M | −$3.2M | $433,000 | $3.5M | −$1.8M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | −$17,000 | −$3,000 | −$3,000 | −$17,000 | −$41,000 | −$20,000 | −$66,000 | −$69,000 | −$27,000 | −$46,000 |
| Investments (net) | — | — | $0 | $0 | −$3,000 | −$18,000 | $1.3M | $1.1M | $1.6M | $273,000 | $1.9M | $615,000 |
| Acquisitions & other investing | — | — | $3.0M | $7,000 | $3,000 | $17,000 | $41,000 | $20,000 | $66,000 | $69,000 | — | $46,000 |
| Cash from investing activities | — | — | $2.9M | $4,000 | −$3,000 | −$18,000 | $1.3M | $1.1M | $1.6M | $273,000 | — | $615,000 |
| Financing activities | ||||||||||||
| Dividends paid | — | — | $0 | $0 | — | — | −$14.5M | −$6,000 | −$14.5M | −$29.0M | $0 | $0 |
| Share repurchases & issuance (net) | $22,000 | −$22,000 | — | −$999,999 | −$7,000 | — | — | — | — | $1,000 | — | — |
| Net borrowing (repayment) | — | — | $0 | $0 | — | — | $0 | $0 | — | — | — | — |
| Shares issued | $0 | $1.8M | $0 | $0 | $0 | $1.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $478,000 | $0 | $4.0M | −$3.0M | $3.0M | $6,999 | $14.5M | $9,000 | $0 | $29.0M | −$1.2M | −$222,000 |
| Cash from financing activities | $500,000 | $1.7M | $4.0M | −$4.0M | $3.0M | $1.0M | $7,000 | $3,000 | −$14.5M | $7,000 | −$1.2M | −$222,000 |
| Summary | ||||||||||||
| Net change in cash | −$531,000 | $314,000 | −$25,000 | −$2.0M | $1.8M | −$456,000 | −$268,000 | −$765,000 | −$16.1M | $709,000 | $4.1M | −$1.4M |
| Cash at end of period | $522,000 | $1.1M | $739,000 | $764,000 | $2.8M | $961,000 | $1.4M | $1.7M | $2.5M | $18.5M | $13.7M | $13.7M |
| Free cash flow | −$1.0M | −$1.4M | −$2.9M | −$751,000 | −$1.1M | −$1.5M | −$1.6M | −$1.9M | −$3.2M | $364,000 | $3.5M | −$1.8M |
| Free cash flow margin | — | — | — | — | −58.9% | −62.9% | −53.5% | −74.8% | −139.8% | 10.0% | 83.2% | −37.3% |
| Capex / revenue | — | — | — | — | 0.2% | 0.7% | 1.4% | 0.8% | 2.9% | 1.9% | 0.6% | 0.9% |
| Operating cash flow / net income | — | — | — | — | — | — | — | — | — | — | 1.32 | — |
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.
CLRO cash generation
In fiscal 2025 (ended December 31, 2025), ClearOne generated -$7.5 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$7.5 million. It returned $0.0 million to shareholders through dividends ($0) and net share buybacks ($0.0 million). Cash and equivalents fell by $0.7 million over the year.
Related: CLRO income statement, CLRO balance sheet. See the CLRO stock overview for the latest quote and news.
CLRO cash flow FAQ
What is ClearOne's free cash flow?
ClearOne's free cash flow was -$7.5 million in fiscal 2025: -$7.5 million of operating cash flow minus $0 of capital expenditures It was -$6.3 million a year earlier..
How much cash does ClearOne generate from operations?
ClearOne generated -$7.5 million of cash from operating activities in fiscal 2025.
How much stock does ClearOne buy back?
ClearOne spent $0.0 million on net share repurchases in fiscal 2025.