FG Communities Holdings Inc. (FGC) Cash Flow Statement
Where FGC’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$6.2M
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$6.2M −259.0% margin
- Returned to shareholders
- $28.0M
- Change in cash
- $1.2M cash at year-end $13.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
FGC operating cash flow, capex and free cash flow
FGC cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$11.0M2022 | −$6.2M2025 | — | |
| Capital expenditures | $81,0002022 | $02025 | −100.0% | |
| Free cash flow | −$11.1M2022 | −$6.2M2025 | — | |
| Free cash flow margin | −89.0%2022 | −259.0%2025 | −170.0 pts | |
| Stock-based compensation | $255,0002022 | $7.8M2025 | +212.2%/yr | |
| Dividends paid | $1.8M2022 | $1.8M2025 | −0.0%/yr | |
| Share buybacks (net) | $02024 | $26.3M2025 | — | |
| 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.
FGC cash flow by activity
FGC 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).
FGC cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$66.7M | −$2.6M | −$14.1M | $1.1M |
| Depreciation & amortization | $304,000 | $408,000 | $841,000 | — |
| Stock-based compensation | $7.8M | $1.6M | $1.6M | $255,000 |
| Change in working capital | $5.9M | $4.3M | $2.8M | −$5.5M |
| Other non-cash items | $46.5M | −$8.0M | $10.4M | −$6.8M |
| Cash from operating activities | −$6.2M | −$4.2M | $1.6M | −$11.0M |
| Investing activities | ||||
| Capital expenditures | $0 | −$46,000 | −$164,000 | −$81,000 |
| Investments (net) | $9.8M | $5.0M | $198,000 | $928,000 |
| Financing activities | ||||
| Dividends paid | −$1.8M | −$1.4M | $0 | −$1.8M |
| Share repurchases & issuance (net) | −$26.3M | $0 | — | — |
| Net borrowing (repayment) | −$247,000 | −$5.4M | −$1.0M | — |
| Shares issued | $168.6M | $0 | $2.4M | $3.7M |
| Other financing | −$4.3M | −$21,000 | −$135,000 | $0 |
| Cash from financing activities | $136.0M | −$6.9M | $1.2M | $1.9M |
| Summary | ||||
| Net change in cash | $1.2M | $2.5M | $2.9M | −$12.5M |
| Cash at end of period | $13.4M | $6.6M | $6.0M | $3.0M |
| Free cash flow | −$6.2M | −$4.2M | $1.4M | −$11.1M |
| Free cash flow margin | −259.0% | −544.2% | 8.3% | −89.0% |
| Capex / revenue | 0.0% | 5.9% | 1.0% | 0.6% |
| Operating cash flow / net income | — | — | — | −10.13 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$18.3M | −$39.0M | −$59.5M | −$3.8M | $5.5M |
| Depreciation & amortization | $74,000 | $74,000 | $73,000 | $74,000 | $79,000 |
| Stock-based compensation | $235,000 | $117,000 | −$13,000 | $7.3M | $250,000 |
| Change in working capital | −$2.3M | −$2.8M | $3.6M | −$3.0M | $5.6M |
| Other non-cash items | $15.8M | $35.4M | $54.3M | −$996,000 | −$12.8M |
| Cash from operating activities | −$4.5M | −$6.2M | −$1.5M | −$375,000 | −$1.5M |
| Investing activities | |||||
| Capital expenditures | $0 | $0 | $0 | $0 | −$1,000 |
| Investments (net) | $23.8M | $21.5M | $0 | $6.5M | $1.8M |
| Financing activities | |||||
| Dividends paid | −$325,000 | −$370,000 | −$447,000 | −$446,000 | −$448,000 |
| Share repurchases & issuance (net) | −$8.0M | −$14.0M | — | — | $0 |
| Net borrowing (repayment) | −$28,000 | −$28,000 | −$28,000 | −$27,000 | −$61,000 |
| Shares issued | $0 | $0 | $536,000 | $0 | $0 |
| Other financing | −$40,000 | $0 | −$26.4M | $164.2M | −$315,000 |
| Cash from financing activities | −$8.4M | −$14.4M | −$26.3M | $163.8M | −$824,000 |
| Summary | |||||
| Net change in cash | $10.5M | $996,000 | $303,000 | −$2.7M | $5.1M |
| Cash at end of period | $24.9M | $14.1M | $13.4M | $7.5M | $10.2M |
| Free cash flow | −$4.5M | −$6.2M | −$1.5M | −$375,000 | −$1.5M |
| Free cash flow margin | −1,877.3% | −4,866.4% | −139.3% | −42.0% | −701.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% |
| Operating cash flow / net income | — | — | — | — | −0.27 |
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.
FGC cash generation
In fiscal 2025 (ended December 31, 2025), FG Communities generated -$6.2 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$6.2 million, −259.0% of revenue. It returned $28.0 million to shareholders through dividends ($1.8 million) and net share buybacks ($26.3 million). Cash and equivalents rose by $1.2 million over the year.
Related: FGC income statement, FGC balance sheet. See the FGC stock overview for the latest quote and news.
FGC cash flow FAQ
What is FG Communities's free cash flow?
FG Communities's free cash flow was -$6.2 million in fiscal 2025: -$6.2 million of operating cash flow minus $0 of capital expenditures It was -$4.2 million a year earlier..
How much cash does FG Communities generate from operations?
FG Communities generated -$6.2 million of cash from operating activities in fiscal 2025.
How much stock does FG Communities buy back?
FG Communities spent $26.3 million on net share repurchases in fiscal 2025.
How much does FG Communities pay in dividends?
FG Communities paid $1.8 million in dividends in fiscal 2025.