fuboTV Inc. (FUBO) Cash Flow Statement
Where FUBO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$166.4M
- Capital expenditures
- $1.77B 65.1% of revenue
- Free cash flow
- $406.20B 14,921.9% margin
- Returned to shareholders
- —
- Change in cash
- −$279.84B cash at year-end $458.6M
Cash from operations
−$166.4M
Capital expenditures
−$1.77B
Acquisitions & other
−$18.50B
Other financing
+$166.4M
Currency & other
−$259.57B
Change in cash
−$279.84B
Drawn to scale: where the cash came from and how it was used. Hover for values.
FUBO operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
FUBO cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$579,0002016 | −$166.4M2025 | — | |
| Capital expenditures | $42016 | $1.77B2025 | +813.5%/yr | |
| Free cash flow | −$579,0002016 | $406.20B2025 | — | |
| Free cash flow margin | −2,412.5%2016 | 14,921.9%2025 | +17,334.4 pts | |
| Operating cash flow / net income | −0.062017 | −0.002025 | +0.06 | |
| Stock-based compensation | $319,0002016 | $36.00B2025 | +264.2%/yr | |
| Dividends paid | $1.5M2019 | $02024 | −100.0% | |
| Share buybacks (net) | $337,0002019 | $125,0002023 | −22.0%/yr | |
| Capex / revenue | 0.0%2016 | 65.1%2025 | +65.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FUBO cash flow by activity
OperatingInvestingFinancingChange in cash
FUBO net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FUBO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $530.16B | −$176.1M | −$293.1M | −$425.0M | −$351.8M | −$599.4M | −$117.8M | −$13.1M | $10.5M | −$10.1M |
| Depreciation & amortization | $66.34B | $42.5M | $39.6M | $39.8M | $38.6M | $44.1M | $21.0M | $8.2M | $867,000 | $2,000 |
| Stock-based compensation | $36.00B | $42.5M | $51.2M | $52.5M | $53.1M | $50.7M | $1.1M | $3.8M | $410,000 | $319,000 |
| Change in working capital | $137.7M | $43.1M | $28.6M | $39.3M | $76.4M | −$6.9M | $11.8M | $600,000 | $366,000 | $623,000 |
| Other non-cash items | −$632.80B | −$27.7M | −$3.9M | −$23.2M | −$8.9M | $360.8M | $85.7M | −$2.6M | −$12.7M | $8.6M |
| Cash from operating activities | −$166.4M | −$75.6M | −$177.6M | −$316.7M | −$192.6M | −$150.6M | $1.7M | −$3.2M | −$612,000 | −$579,000 |
| Investing activities | ||||||||||
| Capital expenditures | −$1.77B | −$2.7M | −$1.1M | −$6.0M | −$13.5M | −$166,000 | −$425,000 | −$175,000 | −$6,000 | −$4 |
| Investments (net) | — | −$15.8M | $82.3M | −$12.4M | −$76.2M | −$838,000 | $1.5M | −$345,000 | −$6,000 | $180,000 |
| Acquisitions & other investing | −$18.50B | $2.7M | −$106.6M | $6.0M | $13.5M | −$453,000 | $425,000 | $212.0M | $6,000 | $4 |
| Cash from investing activities | −$20.27B | −$15.8M | −$25.4M | −$12.4M | −$76.2M | −$1.5M | $1.5M | $211.5M | −$6,000 | $180,000 |
| Financing activities | ||||||||||
| Dividends paid | — | $0 | $0 | $0 | — | −$41.0M | −$1.5M | — | — | — |
| Share repurchases & issuance (net) | — | — | −$125,000 | $0 | $6.8M | −$883,000 | −$337,000 | — | — | — |
| Net borrowing (repayment) | — | −$27.0M | −$3.8M | −$1.7M | $364.7M | −$3.0M | $309,000 | −$23,000 | $443,000 | $192,000 |
| Shares issued | $0 | $43.3M | $180.1M | $292.1M | $140.4M | $279.1M | $4.4M | $3.1M | $0 | $0 |
| Other financing | $166.4M | −$4.9M | −$64.9M | $5.8M | $0 | $45.8M | $1.5M | $0 | $175,000 | $260,000 |
| Cash from financing activities | $166.4M | $11.5M | $111.2M | $296.3M | $512.0M | $280.0M | $4.4M | $3.1M | $618,000 | $452,000 |
| Summary | ||||||||||
| Net change in cash | −$279.84B | −$83.8M | −$91.8M | −$32.9M | $243.2M | $128.6M | $7.6M | −$46,000 | $618,000 | $53,000 |
| Cash at end of period | $458.6M | $167.6M | $251.4M | $343.2M | $379.4M | $136.2M | $7.6M | $31,000 | $77,000 | $101,000 |
| Free cash flow | $406.20B | −$78.4M | −$178.7M | −$322.7M | −$206.1M | −$150.7M | $1.3M | −$3.2M | −$618,000 | −$579,000 |
| Free cash flow margin | 14,921.9% | −4.8% | −13.1% | −32.0% | −32.3% | −69.2% | 30.6% | — | −1,507.3% | −2,412.5% |
| Capex / revenue | 65.1% | 0.2% | 0.1% | 0.6% | 2.1% | 0.1% | 10.0% | — | 14.6% | 0.0% |
| Operating cash flow / net income | −0.00 | — | — | — | — | — | — | — | −0.06 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$25.7M | −$6.2M | −$19.1M | −$18.9M | −$8.0M | $188.5M | −$40.9M | −$54.7M | −$40.8M | −$56.3M | −$75.7M | −$84.5M |
| Depreciation & amortization | $37.0M | $36.8M | $24.7M | $11.6M | $11.1M | $10.9M | $11.1M | $10.7M | $10.5M | $10.3M | $10.4M | $10.1M |
| Stock-based compensation | $9.5M | $10.2M | $12.7M | $9.1M | $8.3M | $3.5M | $9.9M | $9.3M | $10.3M | $13.0M | $11.8M | $12.7M |
| Change in working capital | −$21.1M | −$248.2M | −$215.8M | −$5.0M | −$45.9M | −$45.9M | $36.9M | $45.2M | −$14.7M | −$24.3M | $50.0M | $36.2M |
| Other non-cash items | −$4.3M | −$4.7M | −$2.9M | −$3.4M | −$24,000 | $4.5M | $2.8M | −$10.3M | $2.3M | −$9.8M | $1.4M | −$774,000 |
| Cash from operating activities | −$4.7M | −$212.1M | −$200.3M | −$6.5M | −$34.6M | $161.4M | $19.8M | $235,000 | −$32.3M | −$67.3M | −$2.1M | −$26.3M |
| Investing activities | ||||||||||||
| Capital expenditures | −$467,000 | −$79,000 | −$520,000 | −$2.9M | −$3.3M | −$3.7M | −$4.6M | −$3.6M | −$208,000 | −$4.3M | −$5.8M | −$7.5M |
| Investments (net) | — | — | — | −$2.9M | −$3.3M | −$3.7M | −$4.6M | −$3.6M | −$3.4M | −$4.3M | −$9.3M | −$7.5M |
| Acquisitions & other investing | −$2.3M | −$2.6M | $264.9M | $2.9M | $3.3M | $3.7M | $4.6M | $3.6M | $208,000 | $4.3M | $5.8M | $7.5M |
| Cash from investing activities | −$2.8M | −$2.6M | $264.3M | −$2.9M | −$3.3M | −$3.7M | −$4.6M | −$3.6M | −$3.4M | −$4.3M | −$9.3M | −$7.5M |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$125,000 | $0 |
| Share repurchases & issuance (net) | $0 | — | — | — | — | $0 | — | $15,000 | — | −$15,000 | $125,000 | — |
| Net borrowing (repayment) | −$117,000 | $106,000 | −$108,000 | −$117,000 | −$136,000 | −$216,000 | $35,000 | −$12.1M | — | — | — | −$9,000 |
| Shares issued | $0 | $0 | $95,000 | $0 | $0 | $0 | $0 | $6.5M | $0 | $0 | $0 | $0 |
| Other financing | $63,000 | $1,000 | $394.5M | $97,000 | $0 | $2.7M | −$34,000 | −$40,000 | $22.1M | −$4.9M | −$3.3M | $151,000 |
| Cash from financing activities | −$54,000 | $107,000 | $394.5M | −$20,000 | −$136,000 | $2.5M | $1,000 | −$5.7M | $22.1M | −$4.9M | −$3.3M | $142,000 |
| Summary | ||||||||||||
| Net change in cash | −$7.5M | −$214.6M | $178.3M | −$9.4M | −$38.0M | $160.2M | $15.3M | −$9.0M | −$13.7M | −$76.4M | −$14.7M | −$33.6M |
| Cash at end of period | $236.4M | $237.8M | $452.4M | $280.3M | $289.7M | $327.8M | $167.6M | $152.3M | $155.2M | $175.0M | $251.4M | $266.1M |
| Free cash flow | −$5.2M | −$212.2M | −$200.8M | −$9.4M | −$37.9M | $157.7M | $15.3M | −$3.3M | −$32.5M | −$71.5M | −$7.9M | −$33.7M |
| Free cash flow margin | −0.3% | −13.5% | −13.0% | −2.5% | −10.0% | 37.9% | 3.4% | −0.9% | −8.3% | −17.8% | −1.9% | −10.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.8% | 0.9% | 0.9% | 1.0% | 0.9% | 0.1% | 1.1% | 1.4% | 2.3% |
| Operating cash flow / net income | — | — | — | — | — | 0.86 | — | — | — | — | — | — |
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.
FUBO cash generation
In fiscal 2025 (ended December 31, 2025), Fubo generated -$166.4 million of cash from operations and spent $1.8 billion on capital expenditures, leaving free cash flow of $406.2 billion, 14,921.9% of revenue. Cash and equivalents fell by $279.8 billion over the year.
Related: FUBO income statement, FUBO balance sheet. See the FUBO stock overview for the latest quote and news.
FUBO cash flow FAQ
What is Fubo's free cash flow?
Fubo's free cash flow was $406.2 billion in fiscal 2025: -$166.4 million of operating cash flow minus $1.8 billion of capital expenditures It was -$78.4 million a year earlier..
How much cash does Fubo generate from operations?
Fubo generated -$166.4 million of cash from operating activities in fiscal 2025, −0.00 times its net income of $530.2 billion.
How much does Fubo spend on capital expenditures?
Fubo spent $1.8 billion on capital expenditures in fiscal 2025, 65.1% of revenue, compared with $2.7 million the year before.