Etoiles Capital Group Co., Ltd. Class A (EFTY) Cash Flow Statement
Where EFTY’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$910,681 −156.1% vs 2024
- Capital expenditures
- $687,059 21.3% of revenue
- Free cash flow
- −$1.6M −49.6% margin
- Returned to shareholders
- —
- Change in cash
- $4.0M cash at year-end $5.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
EFTY operating cash flow, capex and free cash flow
EFTY cash flow trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $63,9452023 | −$910,6812025 | — | |
| Capital expenditures | $02023 | $687,0592025 | — | |
| Free cash flow | $63,9452023 | −$1.6M2025 | — | |
| Free cash flow margin | 100.1%2023 | −49.6%2025 | −149.7 pts | |
| Operating cash flow / net income | 1.962023 | 1.902024 | −0.05 | |
| Capex / revenue | 0.0%2023 | 21.3%2025 | +21.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EFTY cash flow by activity
EFTY 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).
EFTY cash flow statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$153,660 | $852,499 | $32,696 |
| Depreciation & amortization | $139,495 | $75,131 | $0 |
| Change in working capital | −$917,192 | $695,238 | $31,249 |
| Other non-cash items | $20,676 | $0 | $0 |
| Cash from operating activities | −$910,681 | $1.6M | $63,945 |
| Investing activities | |||
| Capital expenditures | −$687,059 | −$75,215 | $0 |
| Acquisitions & other investing | — | $0 | — |
| Cash from investing activities | — | −$75,215 | — |
| Financing activities | |||
| Shares issued | $6.4M | $0 | $0 |
| Other financing | −$852,909 | −$181,688 | $0 |
| Cash from financing activities | $5.6M | −$181,688 | $0 |
| Summary | |||
| Net change in cash | $4.0M | $1.4M | $63,945 |
| Cash at end of period | $5.4M | $1.4M | $70,476 |
| Free cash flow | −$1.6M | $1.5M | $63,945 |
| Free cash flow margin | −49.6% | 61.3% | 100.1% |
| Capex / revenue | 21.3% | 3.0% | 0.0% |
| Operating cash flow / net income | — | 1.90 | 1.96 |
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.
EFTY cash generation
In fiscal 2025 (ended December 31, 2025), Etoiles Capital generated -$0.9 million of cash from operations (down 156.1%) and spent $0.7 million on capital expenditures, leaving free cash flow of -$1.6 million, −49.6% of revenue. Cash and equivalents rose by $4.0 million over the year.
Related: EFTY income statement, EFTY balance sheet. See the EFTY stock overview for the latest quote and news.
EFTY cash flow FAQ
What is Etoiles Capital's free cash flow?
Etoiles Capital's free cash flow was -$1.6 million in fiscal 2025: -$0.9 million of operating cash flow minus $0.7 million of capital expenditures It was $1.5 million a year earlier..
How much cash does Etoiles Capital generate from operations?
Etoiles Capital generated -$0.9 million of cash from operating activities in fiscal 2025.
How much does Etoiles Capital spend on capital expenditures?
Etoiles Capital spent $0.7 million on capital expenditures in fiscal 2025, 21.3% of revenue, compared with $0.1 million the year before.