Filana Therapeutics, Inc. (FLNA) Cash Flow Statement
Where FLNA’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$32.3M
- Capital expenditures
- $581,000
- Free cash flow
- −$32.8M
- Returned to shareholders
- —
- Change in cash
- −$33.1M cash at year-end $95.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
FLNA operating cash flow, capex and free cash flow
FLNA cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$77.5M2022 | −$32.3M2025 | — | |
| Capital expenditures | $2.7M2022 | $581,0002025 | −40.2%/yr | |
| Free cash flow | −$80.2M2022 | −$32.8M2025 | — | |
| Stock-based compensation | $2.1M2022 | $19.6M2025 | +111.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FLNA cash flow by activity
FLNA 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).
FLNA cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$91.0M | −$24.3M | −$97.2M | −$76.2M |
| Depreciation & amortization | $936,000 | $1.1M | $1.5M | $1.3M |
| Stock-based compensation | $19.6M | $16.3M | $4.6M | $2.1M |
| Change in working capital | $38.2M | −$1.8M | $9.1M | −$4.6M |
| Other non-cash items | $0 | −$108.2M | $0 | $0 |
| Cash from operating activities | −$32.3M | −$116.9M | −$82.0M | −$77.5M |
| Investing activities | ||||
| Capital expenditures | −$581,000 | −$103,000 | −$414,000 | −$2.7M |
| Acquisitions & other investing | $0 | $0 | $0 | $0 |
| Cash from investing activities | −$581,000 | −$103,000 | −$414,000 | −$2.7M |
| Financing activities | ||||
| Shares issued | $0 | $0 | $0 | $47.3M |
| Other financing | −$239,000 | $124.5M | $2.6M | $475,000 |
| Cash from financing activities | −$239,000 | $124.5M | $2.6M | $47.8M |
| Summary | ||||
| Net change in cash | −$33.1M | $7.4M | −$79.9M | −$32.4M |
| Cash at end of period | $95.5M | $128.6M | $121.1M | $201.0M |
| Free cash flow | −$32.8M | −$117.0M | −$82.4M | −$80.2M |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −$8.6M | −$10.3M | −$12.5M | −$10.8M | −$44.2M | −$23.4M | −$27.6M | −$27.9M |
| Depreciation & amortization | $300,000 | $243,000 | $367,000 | $131,000 | $218,000 | $220,000 | $260,000 | $259,000 |
| Stock-based compensation | $4.1M | $4.1M | $5.4M | $4.4M | $4.6M | $5.2M | $5.7M | $5.6M |
| Change in working capital | $433,000 | −$2.9M | −$3.0M | $53,000 | $34.5M | $6.6M | −$39.7M | $3.8M |
| Other non-cash items | −$56,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash from operating activities | −$3.9M | −$8.9M | −$9.7M | −$6.2M | −$4.9M | −$11.3M | −$61.3M | −$18.3M |
| Investing activities | ||||||||
| Capital expenditures | −$21,000 | $0 | −$501,000 | −$80,000 | $0 | $0 | −$57,000 | −$17,000 |
| Acquisitions & other investing | $0 | — | $0 | $0 | — | — | $0 | $0 |
| Cash from investing activities | −$21,000 | — | −$501,000 | −$80,000 | — | — | −$57,000 | −$17,000 |
| Financing activities | ||||||||
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$16,000 | −$51,000 | −$329,000 | $0 | $0 | $90,000 | $918,000 | — |
| Cash from financing activities | −$16,000 | −$51,000 | −$329,000 | $0 | $0 | $90,000 | $918,000 | — |
| Summary | ||||||||
| Net change in cash | −$3.9M | −$8.9M | −$10.6M | −$6.3M | −$4.9M | −$11.2M | −$60.4M | −$18.3M |
| Cash at end of period | $82.7M | $86.6M | $95.5M | $106.1M | $112.4M | $117.3M | $128.6M | $189.0M |
| Free cash flow | −$3.9M | −$8.9M | −$10.2M | −$6.3M | −$4.9M | −$11.3M | −$61.3M | −$18.3M |
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.
FLNA cash generation
In fiscal 2025 (ended December 31, 2025), Filana Therapeutics generated -$32.3 million of cash from operations and spent $0.6 million on capital expenditures, leaving free cash flow of -$32.8 million. Cash and equivalents fell by $33.1 million over the year.
Related: FLNA income statement, FLNA balance sheet. See the FLNA stock overview for the latest quote and news.
FLNA cash flow FAQ
What is Filana Therapeutics's free cash flow?
Filana Therapeutics's free cash flow was -$32.8 million in fiscal 2025: -$32.3 million of operating cash flow minus $0.6 million of capital expenditures It was -$117.0 million a year earlier..
How much cash does Filana Therapeutics generate from operations?
Filana Therapeutics generated -$32.3 million of cash from operating activities in fiscal 2025.
How much does Filana Therapeutics spend on capital expenditures?
Filana Therapeutics spent $0.6 million on capital expenditures in fiscal 2025, compared with $0.1 million the year before.