EBET, Inc. (EBET) Cash Flow Statement
Where EBET’s cash came from and went, FY2023
September 30, 2023 · U.S. dollars- Cash from operations
- −$10.0M
- Capital expenditures
- $11,390 0.0% of revenue
- Free cash flow
- −$10.0M −25.6% margin
- Returned to shareholders
- $4.1M
- Change in cash
- −$5.2M cash at year-end $304,709
Drawn to scale: where the cash came from and how it was used. Hover for values.
EBET operating cash flow, capex and free cash flow
EBET cash flow trends, FY2019–FY2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $11,792FY2019 | −$10.0MFY2023 | — | |
| Capital expenditures | $157,714FY2019 | $11,390FY2023 | −48.2%/yr | |
| Free cash flow | $11,792FY2019 | −$10.0MFY2023 | — | |
| Free cash flow margin | 8.4%FY2019 | −25.6%FY2023 | −33.9 pts | |
| Stock-based compensation | $0FY2020 | $1.3MFY2023 | — | |
| Dividends paid | $4.8MFY2022 | $4.1MFY2023 | −14.0%/yr | |
| Share buybacks (net) | $0FY2021 | $0FY2023 | — | |
| Capex / revenue | 111.9%FY2019 | 0.0%FY2023 | −111.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EBET cash flow by activity
EBET 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).
EBET cash flow statement
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$84.2M | −$41.4M | −$15.2M | −$573,255 | $24,103 |
| Depreciation & amortization | $7.1M | $6.6M | $428,210 | $428,210 | $428,210 |
| Stock-based compensation | $1.3M | $5.4M | $4.2M | $0 | — |
| Change in working capital | $8.5M | $10.4M | $761,159 | $109,295 | −$9,232 |
| Other non-cash items | $57.4M | $7.6M | $1.5M | −$31,967 | −$431,289 |
| Cash from operating activities | −$10.0M | −$11.4M | −$8.3M | −$67,717 | $11,792 |
| Investing activities | |||||
| Capital expenditures | −$11,390 | −$1.2M | −$157,714 | −$157,714 | −$157,714 |
| Investments (net) | $12,380 | −$57.4M | −$577,811 | $0 | — |
| Acquisitions & other investing | $11,390 | $1.2M | $157,714 | −$420,097 | −$420,097 |
| Cash from investing activities | $12,380 | −$57.4M | −$577,811 | −$577,811 | −$577,811 |
| Financing activities | |||||
| Dividends paid | −$4.1M | −$4.8M | — | — | — |
| Share repurchases & issuance (net) | $5.7M | — | $17.9M | — | — |
| Net borrowing (repayment) | −$3.4M | $26.6M | $26.6M | $26.6M | $26.6M |
| Shares issued | $5.9M | $37.0M | $17.9M | $0 | $0 |
| Other financing | −$676,035 | $4.8M | −$44.5M | −$8.7M | −$8.7M |
| Cash from financing activities | $3.5M | $63.7M | $17.9M | $17.9M | $17.9M |
| Summary | |||||
| Net change in cash | −$5.2M | −$3.6M | $9.1M | −$67,717 | $11,792 |
| Cash at end of period | $304,709 | $5.5M | $9.1M | $0 | $67,717 |
| Free cash flow | −$10.0M | −$12.6M | −$8.5M | −$67,717 | $11,792 |
| Free cash flow margin | −25.6% | −21.5% | −5,136.9% | −34.6% | 8.4% |
| Capex / revenue | 0.0% | 2.0% | 95.7% | 80.6% | 111.9% |
| Operating cash flow / net income | — | — | — | — | 0.49 |
| Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$5.0M | −$3.8M | −$28.9M | −$43.7M | −$4.0M | −$7.6M | −$11.7M | −$9.0M | −$11.8M | −$8.9M | −$6.1M | −$4.0M |
| Depreciation & amortization | $360,493 | $348,944 | $1.7M | $1.9M | $1.8M | $1.7M | $1.8M | $2.0M | $2.6M | $223,686 | $249,871 | $165,993 |
| Stock-based compensation | $214,625 | $240,828 | $176,555 | $233,436 | $377,695 | $503,105 | $1.1M | $1.1M | $1.8M | $1.4M | $1.3M | $834,971 |
| Change in working capital | −$377,370 | $2.8M | $12.8M | $990,546 | −$5.2M | −$98,325 | $356,051 | $4.2M | $2.4M | $3.5M | $805,480 | −$379,482 |
| Other non-cash items | $1.4M | −$288,451 | $11.8M | $40.3M | $1.6M | $3.6M | $6.0M | $378,789 | $502,901 | $721,692 | $320,569 | $310,193 |
| Cash from operating activities | −$3.4M | −$683,698 | −$2.5M | −$307,584 | −$5.4M | −$1.8M | −$2.4M | −$1.3M | −$4.6M | −$3.0M | −$3.4M | −$3.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$3 | −$2 | −$49 | −$133 | −$3,004 | −$8,204 | −$59,433 | −$238,980 | −$509,905 | −$392,564 | −$54,455 | −$12,360 |
| Investments (net) | $0 | $0 | $23,721 | −$133 | −$3,004 | −$8,204 | −$65,433 | −$238,980 | −$110,490 | −$57.0M | −$54,454 | −$298,688 |
| Acquisitions & other investing | — | $23,723 | — | $133 | $3,004 | $8,204 | $59,433 | $238,980 | $509,905 | $392,564 | $54,455 | $12,360 |
| Cash from investing activities | — | $23,721 | — | −$133 | −$3,004 | −$8,204 | −$65,433 | −$238,980 | −$110,490 | −$57.0M | −$54,454 | −$298,688 |
| Financing activities | ||||||||||||
| Dividends paid | — | −$4.1M | — | — | — | −$1.5M | — | −$3.3M | −$1.9M | −$483,817 | — | — |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | — | $35.6M | — | — |
| Net borrowing (repayment) | $2.1M | — | — | — | — | — | −$503,726 | — | — | $27.1M | $27.1M | $27.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $14,196 | $1.4M | $0 | $35.6M | $0 | $13.5M |
| Other financing | $0 | $6.0M | $1.6M | −$2.0M | $2.9M | $2.5M | $0 | $3.3M | $64.6M | −$35.1M | −$27.1M | −$27.1M |
| Cash from financing activities | $2.1M | $1.9M | $1.6M | −$2.0M | $2.9M | $973,965 | −$489,530 | $1.4M | $62.7M | $62.7M | $15,000 | $13.5M |
| Summary | ||||||||||||
| Net change in cash | $93,648 | $234,618 | −$1.1M | −$2.0M | −$2.4M | $339,774 | −$1.4M | −$163,336 | −$4.7M | $2.7M | −$3.4M | $10.2M |
| Cash at end of period | $632,975 | $539,327 | $304,709 | $1.4M | $3.5M | $5.8M | $5.5M | $6.9M | $7.1M | $11.8M | $9.1M | $12.5M |
| Free cash flow | −$3.4M | −$683,698 | −$2.5M | −$307,717 | −$5.4M | −$1.8M | −$2.5M | −$1.6M | −$5.1M | −$3.4M | −$3.5M | −$3.0M |
| Free cash flow margin | −97.0% | −16.0% | −47.0% | −3.9% | −46.9% | −12.7% | −17.5% | −8.7% | −26.9% | −47.8% | −4,393.7% | −7,346.7% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 1.3% | 2.7% | 5.5% | 69.1% | 29.9% |
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.
EBET cash generation
In fiscal 2023 (ended September 30, 2023), EBET generated -$10.0 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$10.0 million, −25.6% of revenue. It returned $4.1 million to shareholders through dividends ($4.1 million) and net share buybacks ($0). Cash and equivalents fell by $5.2 million over the year.
Related: EBET income statement, EBET balance sheet. See the EBET stock overview for the latest quote and news.
EBET cash flow FAQ
What is EBET's free cash flow?
EBET's free cash flow was -$10.0 million in fiscal 2023: -$10.0 million of operating cash flow minus $0.0 million of capital expenditures It was -$12.6 million a year earlier..
How much cash does EBET generate from operations?
EBET generated -$10.0 million of cash from operating activities in fiscal 2023.
How much does EBET spend on capital expenditures?
EBET spent $0.0 million on capital expenditures in fiscal 2023, 0.0% of revenue, compared with $1.2 million the year before.
How much does EBET pay in dividends?
EBET paid $4.1 million in dividends in fiscal 2023.