Cloudastructure, Inc. (CSAI) Cash Flow Statement
Where CSAI’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$6.9M
- Capital expenditures
- $315,000 6.2% of revenue
- Free cash flow
- −$7.2M −142.8% margin
- Returned to shareholders
- $512,000
- Change in cash
- $8.4M cash at year-end $8.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CSAI operating cash flow, capex and free cash flow
CSAI cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.5M2020 | −$6.9M2025 | — | |
| Capital expenditures | $51,0002020 | $315,0002025 | +43.9%/yr | |
| Free cash flow | −$1.5M2020 | −$7.2M2025 | — | |
| Free cash flow margin | −1,651.6%2020 | −142.8%2025 | +1,508.9 pts | |
| Stock-based compensation | $1.3M2022 | $2.3M2025 | +21.2%/yr | |
| Share buybacks (net) | $169,0002022 | $02023 | −100.0% | |
| Capex / revenue | 56.0%2020 | 6.2%2025 | −49.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CSAI cash flow by activity
CSAI 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).
CSAI cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$8.5M | −$6.5M | −$9.0M | −$11.6M | −$9.3M | −$1.8M |
| Depreciation & amortization | $89,000 | $72,000 | $209,000 | $196,000 | $34,000 | $3,000 |
| Stock-based compensation | $2.3M | $2.0M | $1.2M | $1.3M | — | — |
| Change in working capital | −$870,000 | $1.2M | $1.9M | −$802,000 | −$465,000 | $19,000 |
| Other non-cash items | −$3,000 | $0 | $1,000 | $1,000 | $736,000 | $352,000 |
| Cash from operating activities | −$6.9M | −$3.3M | −$5.7M | −$10.9M | −$9.0M | −$1.5M |
| Investing activities | ||||||
| Capital expenditures | −$315,000 | −$27,000 | −$43,000 | −$1.8M | −$337,000 | −$51,000 |
| Investments (net) | — | −$27,000 | −$43,000 | −$1.8M | — | — |
| Acquisitions & other investing | $0 | $27,000 | $43,000 | $1.8M | $0 | $0 |
| Cash from investing activities | −$315,000 | −$27,000 | −$43,000 | −$1.8M | −$337,000 | −$51,000 |
| Financing activities | ||||||
| Dividends paid | −$512,000 | — | — | — | — | — |
| Share repurchases & issuance (net) | — | — | $0 | −$169,000 | — | — |
| Shares issued | $17.4M | $7,000 | $387,000 | $8.7M | $0 | $0 |
| Other financing | −$1.2M | −$692,000 | $0 | $0 | $20.2M | $4.3M |
| Cash from financing activities | $15.6M | −$685,000 | $387,000 | $8.5M | $20.2M | $4.3M |
| Summary | ||||||
| Net change in cash | $8.4M | −$4.0M | −$5.4M | −$4.2M | $10.8M | $2.8M |
| Cash at end of period | $8.5M | $52,000 | $4.0M | $9.4M | $13.6M | $2.8M |
| Free cash flow | −$7.2M | −$3.3M | −$5.8M | −$12.7M | −$9.4M | −$1.5M |
| Free cash flow margin | −142.8% | −242.2% | −948.8% | −2,602.7% | −2,221.9% | −1,651.6% |
| Capex / revenue | 6.2% | 2.0% | 7.1% | 369.1% | 80.0% | 56.0% |
| 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 | −$1.7M | −$3.2M | −$1.8M | −$2.1M | −$2.5M | −$2.0M | −$1.2M | −$1.7M | −$1.9M | −$1.7M | −$3.5M | −$1.1M |
| Depreciation & amortization | $32,000 | $24,000 | $29,000 | $28,000 | $17,000 | $15,000 | $17,000 | $17,000 | $19,000 | $19,000 | $43,000 | $56,000 |
| Stock-based compensation | $377,000 | $414,000 | $514,000 | $632,000 | $556,000 | $627,000 | $715,000 | $502,000 | $540,000 | $278,000 | $566,000 | $0 |
| Change in working capital | −$306,000 | −$305,000 | $34,000 | $54,000 | −$345,000 | −$613,000 | $553,000 | $158,000 | $39,000 | $401,000 | $1.8M | −$225,000 |
| Other non-cash items | −$318,000 | $576,000 | −$1,000 | −$3,000 | $416,000 | −$415,000 | −$2,000 | $3,000 | −$1,000 | $0 | $2,000 | −$1,000 |
| Cash from operating activities | −$1.9M | −$2.5M | −$1.3M | −$1.4M | −$1.9M | −$2.4M | $38,000 | −$1.0M | −$1.3M | −$1.0M | −$1.1M | −$1.3M |
| Investing activities | ||||||||||||
| Capital expenditures | −$9,000 | −$58,000 | −$59,000 | −$106,000 | −$120,000 | −$30,000 | −$6,000 | −$5,000 | −$7,000 | −$9,000 | −$24,000 | −$13,000 |
| Investments (net) | — | — | — | −$106,000 | −$120,000 | −$30,000 | −$6,000 | −$5,000 | −$46,000 | $30,000 | −$24,000 | −$13,000 |
| Acquisitions & other investing | $18,000 | — | $0 | $106,000 | $120,000 | $30,000 | $6,000 | $5,000 | $46,000 | −$30,000 | $24,000 | $13,000 |
| Cash from investing activities | $9,000 | — | −$59,000 | −$106,000 | −$120,000 | −$30,000 | −$6,000 | −$5,000 | −$7,000 | −$9,000 | −$24,000 | −$13,000 |
| Financing activities | ||||||||||||
| Dividends paid | −$134,000 | — | −$116,000 | −$343,000 | — | −$83,000 | — | — | — | — | — | — |
| Share repurchases & issuance (net) | −$140,000 | — | — | — | — | — | — | $7,000 | — | — | — | — |
| Shares issued | $4,000 | $11,000 | $3.5M | $105,000 | $3.0M | $10.8M | $0 | $6,000 | $0 | $0 | $0 | $93,000 |
| Other financing | $269,000 | −$140,000 | −$40,000 | $367,000 | −$139,000 | −$1.4M | −$424,000 | −$223,000 | −$51,000 | $0 | −$101,000 | $0 |
| Cash from financing activities | −$1,000 | −$129,000 | $3.4M | $129,000 | $2.9M | $9.3M | −$424,000 | −$210,000 | −$51,000 | $0 | −$101,000 | $93,000 |
| Summary | ||||||||||||
| Net change in cash | −$1.9M | −$2.7M | $2.0M | −$1.3M | $836,000 | $6.8M | −$392,000 | −$1.3M | −$1.3M | −$1.0M | −$1.2M | −$1.2M |
| Cash at end of period | $3.8M | $5.8M | $8.5M | $6.4M | $7.7M | $6.9M | $52,000 | $444,000 | $1.7M | $3.0M | $4.0M | $5.3M |
| Free cash flow | −$1.9M | −$2.6M | −$1.3M | −$1.5M | −$2.0M | −$2.4M | $32,000 | −$1.0M | −$1.3M | −$1.0M | −$1.1M | −$1.3M |
| Free cash flow margin | −157.1% | −195.5% | −73.7% | −100.6% | −185.8% | −329.5% | 7.3% | −268.0% | −424.9% | −434.3% | −799.3% | −519.7% |
| Capex / revenue | 0.7% | 4.4% | 3.3% | 7.3% | 11.0% | 4.1% | 1.4% | 1.3% | 2.4% | 3.8% | 17.1% | 5.1% |
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.
CSAI cash generation
In fiscal 2025 (ended December 31, 2025), Cloudastructure generated -$6.9 million of cash from operations and spent $0.3 million on capital expenditures, leaving free cash flow of -$7.2 million, −142.8% of revenue. It returned $0.5 million to shareholders through dividends ($0.5 million) and net share buybacks ($0). Cash and equivalents rose by $8.4 million over the year.
Related: CSAI income statement, CSAI balance sheet. See the CSAI stock overview for the latest quote and news.
CSAI cash flow FAQ
What is Cloudastructure's free cash flow?
Cloudastructure's free cash flow was -$7.2 million in fiscal 2025: -$6.9 million of operating cash flow minus $0.3 million of capital expenditures It was -$3.3 million a year earlier..
How much cash does Cloudastructure generate from operations?
Cloudastructure generated -$6.9 million of cash from operating activities in fiscal 2025.
How much does Cloudastructure spend on capital expenditures?
Cloudastructure spent $0.3 million on capital expenditures in fiscal 2025, 6.2% of revenue, compared with $0.0 million the year before.
How much does Cloudastructure pay in dividends?
Cloudastructure paid $0.5 million in dividends in fiscal 2025.