Digital Currency X Technology Inc. (DCX) Cash Flow Statement

NASDAQ: DCXOperating cash, capex, free cash flow and buybacks.

Where DCX’s cash came from and went, 2025

December 31, 2025 · U.S. dollars
Cash from operations
−$54.6M
Capital expenditures
$0
Free cash flow
−$54.6M
Returned to shareholders
—
Change in cash
$2.3M
cash at year-end $3.9M
Acquisitions & other: $17.3MAcquisitions & other$17.3MShares issued: $30.8MShares issued$30.8MCurrency & other: $33.0MCurrency & other$33.0MCash used in operations: $54.6MCash used in operations$54.6M · 67%Investments (net): $15.9MInvestments (net)$15.9M · 20%Other financing: $8.4MOther financing$8.4M · 10%Added to cash: $2.3MAdded to cash$2.3M · 3%$81.1M
Cash from operations
−$54.6M
Investments (net)
−$15.9M
Acquisitions & other
+$17.3M
Shares issued
+$30.8M
Other financing
−$8.4M
Currency & other
+$33.0M
Change in cash
$2.3M

Drawn to scale: where the cash came from and how it was used. Hover for values.

DCX operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

DCX cash flow trends, 2021–2025

MetricTrendThenLatestChange
Operating cash flow−$22.4M2021−$54.6M2025—
Capital expenditures$1.1M2021$02025−100.0%
Free cash flow−$23.4M2021−$54.6M2025—
Free cash flow margin−105.1%2021−384.0%2024−278.9 pts
Stock-based compensation$02021$02025—
Capex / revenue4.8%202115.7%2024+10.9 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DCX cash flow by activity

OperatingInvestingFinancingChange in cash

DCX 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).

DCX cash flow statement

20252024202320222021
Operating activities
Net income$97.1M−$69.0M−$98.5M−$111.5M−$62.6M
Depreciation & amortization—$23.1M$34.6M$44.7M$54.3M
Stock-based compensation$0$92,000$3.2M$0$0
Change in working capital−$216,000$2.4M$4.3M$65.6M$40.5M
Other non-cash items−$151.5M$17.9M$16.4M$23.7M−$54.7M
Cash from operating activities−$54.6M−$25.5M−$40.0M$22.4M−$22.4M
Investing activities
Capital expenditures$0−$1.1M−$5.3M−$11.9M−$1.1M
Investments (net)−$15.9M$0$0—$0
Acquisitions & other investing$17.3M$30,000$3.6M−$1.3M$0
Cash from investing activities$1.4M−$1.1M−$1.8M−$13.2M−$1.1M
Financing activities
Net borrowing (repayment)—$10.8M$827,000$1.4M−$44.6M
Shares issued$30.8M$2.8M$0$0$0
Other financing−$8.4M$0$4.4M$0$0
Cash from financing activities$22.5M$13.6M$5.2M$1.4M−$44.6M
Summary
Net change in cash$2.3M−$8.3M−$37.9M$6.9M−$66.1M
Cash at end of period$3.9M$3.8M$12.1M$50.0M$43.1M
Free cash flow−$54.6M−$26.6M−$45.4M$10.4M−$23.4M
Free cash flow margin—−384.0%−478.3%69.8%−105.1%
Capex / revenue—15.7%56.3%79.8%4.8%
Operating cash flow / net income−0.56————

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.

DCX cash generation

In fiscal 2025 (ended December 31, 2025), Digital Currency X Technology generated -$54.6 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$54.6 million. Cash and equivalents rose by $2.3 million over the year.

Related: DCX income statement, DCX balance sheet. See the DCX stock overview for the latest quote and news.

DCX cash flow FAQ

What is Digital Currency X Technology's free cash flow?

Digital Currency X Technology's free cash flow was -$54.6 million in fiscal 2025: -$54.6 million of operating cash flow minus $0 of capital expenditures It was -$26.6 million a year earlier..

How much cash does Digital Currency X Technology generate from operations?

Digital Currency X Technology generated -$54.6 million of cash from operating activities in fiscal 2025, −0.56 times its net income of $97.1 million.

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