Splash Beverage Group, Inc. (EDVA) Cash Flow Statement
Where EDVA’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$4.8M
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$4.8M −6,554.5% margin
- Returned to shareholders
- —
- Change in cash
- $267,646 cash at year-end $281,435
Drawn to scale: where the cash came from and how it was used. Hover for values.
EDVA operating cash flow, capex and free cash flow
EDVA cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$14.1M2022 | −$4.8M2025 | — | |
| Capital expenditures | $102,6982022 | $02025 | −100.0% | |
| Free cash flow | −$14.2M2022 | −$4.8M2025 | — | |
| Free cash flow margin | −78.4%2022 | −6,554.5%2025 | −6,476.2 pts | |
| Stock-based compensation | $7.3M2022 | $8.5M2025 | +5.2%/yr | |
| Capex / revenue | 0.6%2022 | 0.0%2025 | −0.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EDVA cash flow by activity
EDVA 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).
EDVA cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$25.2M | −$23.8M | −$21.0M | −$21.7M |
| Depreciation & amortization | $9,284 | $401,602 | $545,977 | $936,020 |
| Stock-based compensation | $8.5M | $2.4M | $1.2M | $7.3M |
| Change in working capital | $3.0M | $3.9M | $5.3M | −$692,745 |
| Other non-cash items | $8.9M | $9.3M | $3.8M | $55,695 |
| Cash from operating activities | −$4.8M | −$7.8M | −$10.2M | −$14.1M |
| Investing activities | ||||
| Capital expenditures | $0 | −$3,235 | −$14,113 | −$102,698 |
| Financing activities | ||||
| Net borrowing (repayment) | $3.8M | $7.5M | $5.6M | $3.4M |
| Shares issued | $1.3M | $0 | $0 | $11.4M |
| Other financing | $0 | $9,000 | $580,000 | −$390,500 |
| Cash from financing activities | $5.1M | $7.5M | $6.1M | $14.4M |
| Summary | ||||
| Net change in cash | $267,646 | −$153,379 | −$4.1M | $250,362 |
| Cash at end of period | $281,435 | $13,789 | $379,978 | $4.4M |
| Free cash flow | −$4.8M | −$7.8M | −$10.2M | −$14.2M |
| Free cash flow margin | −6,554.5% | −972.9% | −54.1% | −78.4% |
| Capex / revenue | 0.0% | 0.4% | 0.1% | 0.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$2.1M | −$2.1M | −$3.2M | −$9.9M | −$8.5M | −$3.7M |
| Depreciation & amortization | — | $2,321 | −$101,769 | $106,411 | $2,321 | $2,321 |
| Stock-based compensation | $1.1M | $176,972 | $564,729 | $7.7M | $88,859 | $140,762 |
| Change in working capital | −$227,235 | $761,268 | $96,911 | $74,850 | $1.5M | $1.3M |
| Other non-cash items | $82,784 | $265,416 | $1.7M | −$480,440 | $6.3M | $1.4M |
| Cash from operating activities | −$1.1M | −$930,492 | −$961,342 | −$2.5M | −$635,443 | −$723,726 |
| Investing activities | ||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing activities | ||||||
| Net borrowing (repayment) | −$421,606 | −$318,435 | $477,842 | $2.5M | $45,356 | $755,810 |
| Shares issued | $1.6M | $1.4M | $500,000 | $149,000 | $651,000 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash from financing activities | $1.2M | $1.1M | $977,842 | $2.7M | $696,356 | $755,810 |
| Summary | ||||||
| Net change in cash | −$138,493 | $99,760 | $17,325 | $248,454 | $17,213 | −$15,346 |
| Cash at end of period | $242,702 | $381,195 | $281,435 | $265,667 | $17,213 | $0 |
| Free cash flow | −$1.1M | −$930,492 | −$961,342 | −$2.5M | −$635,443 | −$723,726 |
| Free cash flow margin | — | −22,028.7% | — | — | — | −1,054.9% |
| Capex / revenue | — | 0.0% | — | — | — | 0.0% |
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.
EDVA cash generation
In fiscal 2025 (ended December 31, 2025), Splash Beverage generated -$4.8 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$4.8 million, −6,554.5% of revenue. Cash and equivalents rose by $0.3 million over the year.
Related: EDVA income statement, EDVA balance sheet. See the EDVA stock overview for the latest quote and news.
EDVA cash flow FAQ
What is Splash Beverage's free cash flow?
Splash Beverage's free cash flow was -$4.8 million in fiscal 2025: -$4.8 million of operating cash flow minus $0 of capital expenditures It was -$7.8 million a year earlier..
How much cash does Splash Beverage generate from operations?
Splash Beverage generated -$4.8 million of cash from operating activities in fiscal 2025.