General Fusion Group Ltd. Cl A (GFUZ) Cash Flow Statement
Where GFUZ’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$24.0M
- Capital expenditures
- $442,000
- Free cash flow
- −$24.4M
- Returned to shareholders
- —
- Change in cash
- $43.2M cash at year-end $49.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
GFUZ operating cash flow, capex and free cash flow
GFUZ cash flow trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$36.9M2023 | −$24.0M2025 | — | |
| Capital expenditures | $3.0M2023 | $442,0002025 | −61.3%/yr | |
| Free cash flow | −$39.9M2023 | −$24.4M2025 | — | |
| Stock-based compensation | $2.2M2023 | $9.6M2025 | +109.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GFUZ cash flow by activity
GFUZ 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).
GFUZ cash flow statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$31.4M | −$57.8M | −$28.7M |
| Depreciation & amortization | $2.9M | $3.4M | $3.6M |
| Stock-based compensation | $9.6M | $4.4M | $2.2M |
| Change in working capital | −$2.9M | −$2.5M | −$3.6M |
| Other non-cash items | −$2.2M | $23.3M | −$10.4M |
| Cash from operating activities | −$24.0M | −$29.1M | −$36.9M |
| Investing activities | |||
| Capital expenditures | −$442,000 | −$656,000 | −$3.0M |
| Acquisitions & other investing | $0 | $0 | $0 |
| Cash from investing activities | −$442,000 | −$656,000 | −$3.0M |
| Financing activities | |||
| Net borrowing (repayment) | $1.4M | $15.8M | −$27,000 |
| Shares issued | $17.0M | $0 | $20.9M |
| Other financing | $48.7M | $1.6M | $6.5M |
| Cash from financing activities | $67.2M | $17.4M | $27.4M |
| Summary | |||
| Net change in cash | $43.2M | −$13.2M | −$12.3M |
| Cash at end of period | $49.8M | $6.6M | $19.8M |
| Free cash flow | −$24.4M | −$29.8M | −$39.9M |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Dec '24 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$6.4M | −$12.0M | −$62.4M | $440,065 | −$31.1M |
| Depreciation & amortization | — | — | $677,000 | — | $942,000 |
| Stock-based compensation | — | — | $14.8M | — | $1.5M |
| Change in working capital | $5,277 | −$37,928 | −$1.3M | $44,641 | −$2.2M |
| Other non-cash items | $6.0M | $11.8M | $38.6M | −$545,961 | $22.2M |
| Cash from operating activities | −$383,037 | −$220,111 | −$9.6M | −$61,255 | −$8.6M |
| Investing activities | |||||
| Capital expenditures | −$3 | $0 | −$270,000 | −$5 | −$29,000 |
| Acquisitions & other investing | $102,329 | $140,482 | $0 | −$230.0M | — |
| Cash from investing activities | $102,326 | $140,482 | −$270,000 | −$230.0M | — |
| Financing activities | |||||
| Net borrowing (repayment) | — | — | $0 | — | $0 |
| Shares issued | $0 | $0 | $0 | $0 | $0 |
| Other financing | $1.5M | −$4,800 | $44.2M | $231.2M | $0 |
| Cash from financing activities | $1.5M | −$4,800 | $44.2M | $231.2M | $0 |
| Summary | |||||
| Net change in cash | $1.2M | −$84,429 | $34.6M | $1.2M | −$9.1M |
| Cash at end of period | $1.9M | $665,383 | $49.8M | $1.2M | $6.6M |
| Free cash flow | −$383,040 | −$220,110 | −$9.9M | −$61,260 | −$8.6M |
| Operating cash flow / net income | — | — | — | −0.14 | — |
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.
GFUZ cash generation
In fiscal 2025 (ended December 31, 2025), General Fusion Group Ltd. Cl A generated -$24.0 million of cash from operations and spent $0.4 million on capital expenditures, leaving free cash flow of -$24.4 million. Cash and equivalents rose by $43.2 million over the year.
Related: GFUZ income statement, GFUZ balance sheet. See the GFUZ stock overview for the latest quote and news.
GFUZ cash flow FAQ
What is General Fusion Group Ltd. Cl A's free cash flow?
General Fusion Group Ltd. Cl A's free cash flow was -$24.4 million in fiscal 2025: -$24.0 million of operating cash flow minus $0.4 million of capital expenditures It was -$29.8 million a year earlier..
How much cash does General Fusion Group Ltd. Cl A generate from operations?
General Fusion Group Ltd. Cl A generated -$24.0 million of cash from operating activities in fiscal 2025.
How much does General Fusion Group Ltd. Cl A spend on capital expenditures?
General Fusion Group Ltd. Cl A spent $0.4 million on capital expenditures in fiscal 2025, compared with $0.7 million the year before.