Cheetah Net Supply Chain Service Inc. (CTNT) Cash Flow Statement
Where CTNT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$2,075 −100.9% vs 2024
- Capital expenditures
- $5 0.0% of revenue
- Free cash flow
- −$2,075 −0.2% margin
- Returned to shareholders
- —
- Change in cash
- −$1.4M cash at year-end $233,217
Drawn to scale: where the cash came from and how it was used. Hover for values.
CTNT operating cash flow, capex and free cash flow
CTNT cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $742,8942020 | −$2,0752025 | — | |
| Capital expenditures | $42020 | $52025 | +4.6%/yr | |
| Free cash flow | $742,8902020 | −$2,0752025 | — | |
| Free cash flow margin | 7.5%2020 | −0.2%2025 | −7.6 pts | |
| Operating cash flow / net income | −1.122021 | 2.682022 | +3.80 | |
| Stock-based compensation | −$34,0672021 | $387,6182025 | — | |
| Capex / revenue | 0.0%2020 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CTNT cash flow by activity
CTNT 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).
CTNT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$3.6M | −$3.2M | −$1.7M | $816,980 | $1.2M | −$819,728 |
| Depreciation & amortization | $736,623 | $361,384 | $140,145 | $169,503 | $87,794 | $37,216 |
| Stock-based compensation | $387,618 | $277,345 | $5.3M | — | −$34,067 | — |
| Change in working capital | −$687,668 | −$662,192 | −$114,010 | $1.1M | −$2.5M | $1.8M |
| Other non-cash items | $3.2M | $3.5M | $2.0M | $65,249 | −$18,368 | −$321,362 |
| Cash from operating activities | −$2,075 | $242,220 | $5.6M | $2.2M | −$1.3M | $742,894 |
| Investing activities | ||||||
| Capital expenditures | −$5 | −$365,000 | −$5 | $0 | −$3 | −$4 |
| Investments (net) | — | −$6.1M | −$672,500 | $0 | — | — |
| Acquisitions & other investing | −$1.3M | $365,000 | $5 | — | — | — |
| Cash from investing activities | −$1.3M | −$6.1M | −$672,500 | — | — | — |
| Financing activities | ||||||
| Net borrowing (repayment) | −$36,043 | −$96,439 | −$18,688 | −$2.4M | $41.9M | — |
| Shares issued | $0 | $9.0M | $4.9M | $1.2M | $0 | $0 |
| Other financing | −$37,811 | −$1.8M | −$9.5M | −$1.4M | −$40.1M | −$763,451 |
| Cash from financing activities | −$73,854 | $7.1M | −$4.6M | −$2.6M | $1.8M | −$763,451 |
| Summary | ||||||
| Net change in cash | −$1.4M | $1.2M | $374,617 | −$442,596 | $492,543 | $8,434 |
| Cash at end of period | $233,217 | $1.7M | $432,998 | $58,381 | $500,977 | $8,434 |
| Free cash flow | −$2,075 | −$122,780 | $5.6M | $2.2M | −$1.3M | $742,890 |
| Free cash flow margin | −0.2% | −26.9% | 14.6% | 4.0% | −3.3% | 7.5% |
| Capex / revenue | 0.0% | 80.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | 2.68 | −1.12 | — |
| 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 | $71,045 | −$616,265 | −$1.1M | −$1.3M | −$512,528 | −$753,909 | −$173,147 | −$1.8M | −$550,022 | −$466,348 | −$36,845 | $122,903 |
| Depreciation & amortization | $133,964 | $175,486 | $312,553 | $186,287 | $120,100 | $117,683 | $126,146 | $128,014 | $57,778 | $49,445 | $16,857 | $27,570 |
| Stock-based compensation | $14,182 | $14,182 | $284,902 | $76,087 | $10,444 | $16,185 | $15,679 | $261,666 | $0 | $0 | $3.1M | −$1.6M |
| Change in working capital | $1.1M | −$1.8M | −$203,944 | −$278,916 | −$52,475 | −$152,333 | −$3.8M | $664,042 | −$66,745 | −$663,513 | $2.8M | −$1.5M |
| Other non-cash items | $297,610 | −$205,424 | −$60,753 | $731,307 | $1 | $2.5M | $3.4M | $535,116 | −$451,330 | $2.8M | −$3.1M | $1.7M |
| Cash from operating activities | $1.6M | −$2.5M | −$735,858 | −$599,885 | −$434,458 | $1.8M | −$359,306 | −$226,454 | −$1.0M | $1.7M | $2.7M | −$1.3M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$616,265 | $0 | $0 | −$2 | −$4 | $0 | $0 | −$365,000 | $0 | −$1 | $0 |
| Investments (net) | −$979,286 | −$40.1M | — | $446,334 | $365,250 | −$3.0M | −$3.2M | −$2.1M | −$865,000 | −$47,617 | — | $0 |
| Acquisitions & other investing | −$30.5M | $3.6M | $873,000 | $0 | $2 | $4 | $0 | $0 | $365,000 | $0 | −$672,499 | — |
| Cash from investing activities | −$31.5M | −$37.1M | $873,000 | $446,334 | $365,250 | −$3.0M | −$3.2M | −$2.1M | −$865,000 | −$47,617 | −$672,500 | — |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | $40.0M | −$9,344 | −$9,184 | $111,435 | −$69,755 | −$68,539 | $1.6M | $153,452 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.7M | $7.3M | $0 | $0 | $4.2M |
| Other financing | −$8.7M | $40.1M | −$48,433 | $10,622 | $0 | $0 | −$1.7M | −$567,784 | −$186,686 | −$1.2M | −$2.3M | −$2.8M |
| Cash from financing activities | $31.3M | $40.1M | −$57,617 | $122,057 | −$69,755 | −$68,539 | −$117,088 | $1.3M | $7.1M | −$1.2M | −$2.3M | $1.4M |
| Summary | ||||||||||||
| Net change in cash | $1.4M | $480,731 | $79,525 | −$31,494 | −$138,956 | −$5.0M | −$3.6M | −$1.0M | $5.4M | $470,206 | −$271,871 | $112,743 |
| Cash at end of period | $2.1M | $713,948 | $233,217 | $153,692 | $185,186 | $324,142 | $1.7M | $5.3M | $6.3M | $903,204 | $432,998 | $704,869 |
| Free cash flow | $1.6M | −$2.5M | −$735,858 | −$599,885 | −$434,460 | $1.8M | −$359,306 | −$226,454 | −$1.4M | $1.7M | $2.7M | −$1.3M |
| Free cash flow margin | 183.2% | −2,651.5% | −794.0% | −165.7% | −122.7% | 368.5% | — | −370.0% | −468.0% | 2,207.0% | 46.9% | −12.7% |
| Capex / revenue | 0.0% | 664.8% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 124.2% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 22.41 | — | — | — | — | — | — | — | — | — | — | −10.36 |
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.
CTNT cash generation
In fiscal 2025 (ended December 31, 2025), Cheetah Net Supply Chain Service generated -$0.0 million of cash from operations (down 100.9%) and spent $0.0 million on capital expenditures, leaving free cash flow of -$0.0 million, −0.2% of revenue. Cash and equivalents fell by $1.4 million over the year.
Related: CTNT income statement, CTNT balance sheet. See the CTNT stock overview for the latest quote and news.
CTNT cash flow FAQ
What is Cheetah Net Supply Chain Service's free cash flow?
Cheetah Net Supply Chain Service's free cash flow was -$0.0 million in fiscal 2025: -$0.0 million of operating cash flow minus $0.0 million of capital expenditures It was -$0.1 million a year earlier..
How much cash does Cheetah Net Supply Chain Service generate from operations?
Cheetah Net Supply Chain Service generated -$0.0 million of cash from operating activities in fiscal 2025.
How much does Cheetah Net Supply Chain Service spend on capital expenditures?
Cheetah Net Supply Chain Service spent $0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue, compared with $0.4 million the year before.