Compass Therapeutics, Inc. (CMPX) Cash Flow Statement
Where CMPX’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$49.1M
- Capital expenditures
- $25,000
- Free cash flow
- −$49.2M
- Returned to shareholders
- —
- Change in cash
- −$12.8M cash at year-end $31.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CMPX operating cash flow, capex and free cash flow
CMPX cash flow trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$33.7M2018 | −$49.1M2025 | — | |
| Capital expenditures | $2.0M2018 | $25,0002025 | −46.6%/yr | |
| Free cash flow | −$35.7M2018 | −$49.2M2025 | — | |
| Stock-based compensation | $656,0002018 | $8.4M2025 | +43.9%/yr | |
| Share buybacks (net) | $02020 | $1592023 | — |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CMPX cash flow by activity
CMPX 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).
CMPX cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −$66.5M | −$49.4M | −$42.5M | −$39.2M | −$82.2M | −$29.5M | −$34.7M | −$38.3M |
| Depreciation & amortization | $1.5M | $1.8M | $1.9M | $1.9M | $1.6M | $2.4M | $2.1M | $1.9M |
| Stock-based compensation | $8.4M | $8.6M | $6.1M | $5.3M | $4.0M | $4.0M | $915,000 | $656,000 |
| Change in working capital | $9.2M | −$4.1M | −$2.9M | −$1.3M | $6.2M | −$3.6M | −$257,000 | $2.2M |
| Other non-cash items | −$1.7M | −$1.7M | −$3.2M | −$871,000 | $50.6M | −$123,000 | $225,000 | −$140,000 |
| Cash from operating activities | −$49.1M | −$44.9M | −$40.6M | −$34.1M | −$19.7M | −$26.8M | −$31.7M | −$33.7M |
| Investing activities | ||||||||
| Capital expenditures | −$25,000 | −$44,000 | −$30,000 | −$212,000 | −$1.6M | −$106,000 | −$466,000 | −$2.0M |
| Investments (net) | −$93.3M | $46.8M | $27.0M | −$151.2M | −$1.8M | $38,000 | −$466,000 | −$2.0M |
| Acquisitions & other investing | $0 | $44,000 | $30,000 | $176,000 | $1.6M | $106,000 | $466,000 | $2.0M |
| Cash from investing activities | −$93.3M | $46.8M | $27.0M | −$151.2M | −$1.8M | $38,000 | −$466,000 | −$2.0M |
| Financing activities | ||||||||
| Share repurchases & issuance (net) | — | — | −$159 | $75.8M | $128.0M | $54.2M | — | — |
| Net borrowing (repayment) | — | — | — | $0 | −$9.4M | −$5.6M | −$5.6M | $15.0M |
| Shares issued | $138.0M | $18.1M | $3.1M | $76.2M | $128.3M | $60.5M | $60.5M | $49.2M |
| Other financing | −$8.4M | −$775,000 | −$190,841 | −$76.2M | −$128.3M | −$60.5M | −$54.8M | −$182,000 |
| Cash from financing activities | $129.6M | $17.3M | $2.9M | $75.8M | $118.6M | $48.5M | $37,625 | $64.0M |
| Summary | ||||||||
| Net change in cash | −$12.8M | $19.3M | −$10.7M | −$109.6M | $97.2M | $21.8M | −$32.2M | $28.3M |
| Cash at end of period | $31.2M | $43.5M | $24.2M | $34.9M | $144.5M | $47.3M | $25.6M | $57.8M |
| Free cash flow | −$49.2M | −$44.9M | −$40.6M | −$34.3M | −$21.2M | −$26.9M | −$32.2M | −$35.7M |
| Free cash flow margin | — | −5,282.2% | — | — | — | — | — | — |
| Capex / revenue | — | 5.2% | — | — | — | — | — | — |
| 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 | −$25.2M | −$18.3M | −$15.7M | −$14.3M | −$19.9M | −$16.6M | −$15.0M | −$10.5M | −$13.1M | −$10.8M | −$13.4M | −$10.0M |
| Depreciation & amortization | $376,000 | $368,000 | $370,000 | $371,000 | −$226,000 | $364,000 | $359,000 | $465,000 | $466,000 | $463,000 | $468,000 | $466,000 |
| Stock-based compensation | $4.8M | $5.1M | $1.8M | $1.2M | $2.8M | $2.5M | $2.2M | $2.2M | $2.1M | $2.0M | $1.6M | $1.6M |
| Change in working capital | $5.5M | −$4.2M | $1.5M | $2.2M | $5.0M | $521,000 | $3.5M | −$3.0M | $462,000 | −$5.2M | −$195,000 | $2.7M |
| Other non-cash items | $1.0M | −$206,000 | −$1.2M | −$375,000 | $465,000 | $26,000 | −$270,000 | −$278,000 | −$727,000 | −$376,000 | −$812,000 | −$786,000 |
| Cash from operating activities | −$13.4M | −$17.3M | −$13.3M | −$10.8M | −$11.8M | −$13.2M | −$9.2M | −$11.1M | −$10.8M | −$13.9M | −$12.4M | −$5.9M |
| Investing activities | ||||||||||||
| Capital expenditures | −$176,000 | −$82,000 | $0 | −$7,000 | $0 | −$18,000 | $0 | −$44,000 | $0 | $0 | −$9,000 | −$10,000 |
| Investments (net) | −$4.8M | $38.5M | −$3.4M | −$95.2M | −$6.4M | $11.6M | $15.4M | $29.0M | $6.5M | −$4.1M | $6.3M | $17.0M |
| Acquisitions & other investing | $0 | $0 | $0 | $7,000 | $0 | $18,000 | $0 | $44,000 | $0 | $0 | $9,000 | $10,000 |
| Cash from investing activities | −$5.0M | $38.4M | −$3.4M | −$95.2M | −$6.4M | $11.6M | $15.4M | $29.0M | $6.5M | −$4.1M | $6.3M | $17.0M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | −$815,000 | — | — | — | −$136 | −$159 | — |
| Shares issued | $0 | $3.9M | $0 | $138.0M | $0 | $0 | $0 | $0 | $0 | $18.1M | $0 | $0 |
| Other financing | −$3.9M | −$489,000 | $1.1M | −$8.6M | $0 | $0 | −$94,000 | −$2,000 | $1,000 | −$679,864 | −$157,841 | $21,000 |
| Cash from financing activities | −$3.9M | $3.4M | $1.1M | $129.4M | $0 | −$815,000 | −$94,000 | −$2,000 | $1,000 | $17.4M | −$158,000 | $21,000 |
| Summary | ||||||||||||
| Net change in cash | −$22.2M | $24.5M | −$15.6M | $23.4M | −$18.2M | −$2.4M | $6.1M | $18.0M | −$4.3M | −$554,000 | −$6.2M | $11.1M |
| Cash at end of period | $33.5M | $55.7M | $31.2M | $46.8M | $23.4M | $41.6M | $43.5M | $37.4M | $19.4M | $23.7M | $24.2M | $30.4M |
| Free cash flow | −$13.6M | −$17.4M | −$13.3M | −$10.9M | −$11.8M | −$13.2M | −$9.2M | −$11.1M | −$10.8M | −$13.9M | −$12.4M | −$5.9M |
| Free cash flow margin | — | — | — | — | — | — | — | — | −1,265.2% | — | −434.7% | — |
| Capex / revenue | — | — | — | — | — | — | — | — | 0.0% | — | 0.3% | — |
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.
CMPX cash generation
In fiscal 2025 (ended December 31, 2025), Compass Therapeutics generated -$49.1 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$49.2 million. Cash and equivalents fell by $12.8 million over the year.
Related: CMPX income statement, CMPX balance sheet. See the CMPX stock overview for the latest quote and news.
CMPX cash flow FAQ
What is Compass Therapeutics's free cash flow?
Compass Therapeutics's free cash flow was -$49.2 million in fiscal 2025: -$49.1 million of operating cash flow minus $0.0 million of capital expenditures It was -$44.9 million a year earlier..
How much cash does Compass Therapeutics generate from operations?
Compass Therapeutics generated -$49.1 million of cash from operating activities in fiscal 2025.
How much does Compass Therapeutics spend on capital expenditures?
Compass Therapeutics spent $0.0 million on capital expenditures in fiscal 2025, compared with $0.0 million the year before.