Dogness (International) Corporation (DOGZ) Cash Flow Statement
Where DOGZ’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$2.3M −497.0% vs FY2025
- Capital expenditures
- $5.6M 35.5% of revenue
- Free cash flow
- −$7.9M −49.7% margin
- Returned to shareholders
- —
- Change in cash
- −$8.0M cash at year-end $4.8M
Cash from operations
−$2.3M
Capital expenditures
−$5.6M
Other financing
−$576,662
Currency & other
+$474,696
Change in cash
−$8.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
DOGZ operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
DOGZ cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $5.5MFY2017 | −$2.3MFY2026 | — | |
| Capital expenditures | $3.6MFY2017 | $5.6MFY2026 | +5.1%/yr | |
| Free cash flow | $1.9MFY2017 | −$7.9MFY2026 | — | |
| Free cash flow margin | 8.9%FY2017 | −49.7%FY2026 | −58.6 pts | |
| Operating cash flow / net income | 1.11FY2017 | 1.90FY2022 | +0.79 | |
| Stock-based compensation | $341,127FY2018 | $1.1MFY2024 | +21.8%/yr | |
| Dividends paid | $2.7MFY2017 | $0FY2019 | −100.0% | |
| Capex / revenue | 17.1%FY2017 | 35.5%FY2026 | +18.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DOGZ cash flow by activity
OperatingInvestingFinancingChange in cash
DOGZ 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).
DOGZ cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$27.6M | −$5.1M | −$6.1M | −$7.2M | $3.2M | $1.5M | −$8.4M | $1.4M | $4.6M | $4.9M |
| Depreciation & amortization | $3.7M | $3.4M | $4.0M | $4.3M | $3.9M | $3.5M | $2.6M | $1.5M | $1.2M | $830,328 |
| Stock-based compensation | — | — | $1.1M | $1.2M | $11,831 | $529,658 | $394,465 | $682,254 | $341,127 | — |
| Change in working capital | −$565,009 | $1.8M | $810,635 | −$6.8M | −$925,819 | −$821,456 | −$384,607 | −$4.6M | −$2.5M | $63,521 |
| Other non-cash items | $22.2M | $476,343 | $992,544 | −$495,965 | −$28,026 | −$967,319 | $3.6M | −$230,297 | −$136,131 | −$331,622 |
| Cash from operating activities | −$2.3M | $567,088 | $813,826 | −$8.9M | $6.2M | $3.8M | −$2.2M | −$1.3M | $3.5M | $5.5M |
| Investing activities | ||||||||||
| Capital expenditures | −$5.6M | −$1.0M | −$3.5M | −$1.5M | −$15.3M | −$14.4M | −$9.4M | −$16.7M | −$13.4M | −$3.6M |
| Investments (net) | — | — | −$3.4M | −$1.5M | $495,680 | $3.0M | $6.9M | $15.1M | −$44.3M | −$3.6M |
| Acquisitions & other investing | $5,629 | $1.9M | $3.5M | $1.5M | $22,209 | $288,951 | $634,483 | $136,707 | $13.4M | $3.6M |
| Cash from investing activities | −$5.6M | $877,640 | −$3.4M | −$1.5M | −$14.7M | −$11.1M | −$1.9M | −$1.5M | −$44.3M | −$3.6M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | −$2.7M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | $50.2M | — |
| Net borrowing (repayment) | — | — | −$35,631 | −$1.0M | −$2.9M | $4.3M | $2.4M | −$1.8M | −$2.6M | $716,218 |
| Shares issued | $0 | $0 | $4.9M | $0 | $19.1M | $6.6M | $0 | $0 | $0 | $0 |
| Other financing | −$576,662 | $4.4M | $328,670 | $0 | $4.6M | $0 | $0 | $0 | −$5 | $0 |
| Cash from financing activities | −$576,662 | $4.4M | $5.2M | −$1.0M | $20.9M | $10.9M | $2.4M | −$1.8M | $47.6M | −$2.0M |
| Summary | ||||||||||
| Net change in cash | −$8.0M | $5.9M | $2.5M | −$12.1M | $11.7M | $3.7M | −$1.3M | −$4.5M | $5.6M | $120,361 |
| Cash at end of period | $4.8M | $12.8M | $7.0M | $4.5M | $16.6M | $4.9M | $1.2M | $2.6M | $7.1M | $1.5M |
| Free cash flow | −$7.9M | −$453,070 | −$2.7M | −$10.4M | −$9.1M | −$10.7M | −$11.7M | −$18.0M | −$9.9M | $1.9M |
| Free cash flow margin | −49.7% | −2.2% | −18.3% | −59.3% | −33.6% | −44.0% | −60.8% | −68.7% | −32.9% | 8.9% |
| Capex / revenue | 35.5% | 4.9% | 23.7% | 8.6% | 56.3% | 59.4% | 49.3% | 63.8% | 44.6% | 17.1% |
| Operating cash flow / net income | — | — | — | — | 1.90 | 2.48 | — | −0.89 | 0.76 | 1.11 |
| Sep '26 | Mar '26 | Sep '25 | Dec '24 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$22.5M | −$5.2M | −$3.3M | −$1.8M | −$2.9M | −$3.2M | −$3.2M | −$4.2M | −$2.1M | −$2.1M | −$3.0M | −$1.5M |
| Depreciation & amortization | $1.9M | $1.8M | $1.5M | $2.0M | $1.9M | $2.0M | $2.0M | $2.4M | $1.2M | $1.2M | $2.0M | $981,061 |
| Stock-based compensation | — | — | — | $399,470 | $715,387 | $399,470 | −$4.5M | $1.2M | — | $612,401 | $18,583 | $9,292 |
| Change in working capital | −$447,606 | −$117,402 | $1.2M | $541,942 | $1.7M | −$924,183 | −$924,183 | −$3.8M | — | −$1.4M | −$3.0M | −$1.5M |
| Other non-cash items | $20.4M | $1.8M | $241,616 | −$164,743 | $928,030 | $64,513 | $4.9M | −$5,109 | −$1.3M | −$514,962 | −$490,856 | −$174,396 |
| Cash from operating activities | −$636,320 | −$1.6M | −$374,960 | $942,048 | $2.5M | −$1.7M | −$1.7M | −$4.5M | −$2.2M | −$2.2M | −$4.4M | −$2.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$1.3M | −$4.4M | −$30,550 | −$1.1M | −$3.2M | −$294,825 | −$294,828 | −$436,548 | −$218,274 | −$218,274 | −$1.1M | −$542,004 |
| Investments (net) | — | — | — | — | — | — | — | — | $5.2M | $5.2M | $5.2M | $5.2M |
| Acquisitions & other investing | $5,634 | −$3 | $2.0M | $784 | $23,846 | $55,997 | — | $10.4M | $7,436 | $7,436 | −$15.6M | −$10.4M |
| Cash from investing activities | −$1.3M | −$4.4M | $1.9M | −$1.0M | −$3.2M | −$238,828 | — | $10.0M | $5.0M | $5.0M | −$11.5M | −$5.7M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | −$810 | — | −$405 | — | — | — | — |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | −$763,920 | −$763,920 | −$763,920 | −$763,920 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$195,046 | −$381,615 | $5.2M | −$772,457 | $5.6M | −$340,873 | −$341,683 | −$1.5M | −$13,122 | −$13,122 | $1.3M | $1.0M |
| Cash from financing activities | −$195,046 | −$381,615 | $5.2M | −$772,457 | $5.6M | −$341,683 | −$341,683 | −$1.5M | −$777,042 | −$777,042 | $487,719 | $243,860 |
| Summary | ||||||||||||
| Net change in cash | −$1.8M | −$6.2M | $6.8M | −$898,672 | $4.5M | −$2.0M | −$2.0M | $3.8M | $1.9M | $1.9M | −$15.9M | −$7.9M |
| Cash at end of period | $4.8M | $6.6M | $12.8M | $6.1M | $7.0M | $2.5M | $2.5M | $4.5M | $723,041 | $1.9M | $723,041 | −$7.9M |
| Free cash flow | −$1.9M | −$6.0M | −$344,410 | −$108,660 | −$765,880 | −$1.9M | −$1.9M | −$4.9M | −$2.5M | −$2.5M | −$5.5M | −$2.8M |
| Free cash flow margin | −23.2% | −77.8% | −4.0% | −0.9% | −9.4% | −29.1% | −29.1% | −68.4% | — | −68.4% | −53.0% | −53.0% |
| Capex / revenue | 15.4% | 56.9% | 0.4% | 8.7% | 39.5% | 4.4% | 4.4% | 6.1% | — | 6.1% | 10.4% | 10.4% |
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.
DOGZ cash generation
In fiscal 2026 (ended June 30, 2026), Dogness generated -$2.3 million of cash from operations (down 497.0%) and spent $5.6 million on capital expenditures, leaving free cash flow of -$7.9 million, −49.7% of revenue. Cash and equivalents fell by $8.0 million over the year.
Related: DOGZ income statement, DOGZ balance sheet. See the DOGZ stock overview for the latest quote and news.
DOGZ cash flow FAQ
What is Dogness's free cash flow?
Dogness's free cash flow was -$7.9 million in fiscal 2026: -$2.3 million of operating cash flow minus $5.6 million of capital expenditures It was -$0.5 million a year earlier..
How much cash does Dogness generate from operations?
Dogness generated -$2.3 million of cash from operating activities in fiscal 2026.
How much does Dogness spend on capital expenditures?
Dogness spent $5.6 million on capital expenditures in fiscal 2026, 35.5% of revenue, compared with $1.0 million the year before.