Glen Burnie Bancorp (GLBZ) Cash Flow Statement
Where GLBZ’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$791,000 −2,925.0% vs 2024
- Capital expenditures
- $119,000 0.7% of revenue
- Free cash flow
- −$910,000 −5.3% margin
- Returned to shareholders
- —
- Change in cash
- −$19.0M cash at year-end $5.5M
Cash from operations
−$791,000
Capital expenditures
−$119,000
Investments (net)
+$9.4M
Acquisitions & other
−$24.6M
Net borrowing (repayment)
−$26.0M
Other financing
+$23.2M
Change in cash
−$19.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
GLBZ operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
GLBZ cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.6M2016 | −$791,0002025 | — | |
| Capital expenditures | $328,0002016 | $119,0002025 | −10.7%/yr | |
| Free cash flow | $2.3M2016 | −$910,0002025 | — | |
| Free cash flow margin | 15.7%2016 | −5.3%2025 | −21.0 pts | |
| Operating cash flow / net income | 2.352016 | 0.982023 | −1.37 | |
| Stock-based compensation | $900,2752016 | −$800,0002023 | — | |
| Dividends paid | $1.1M2016 | $02025 | −100.0% | |
| Share buybacks (net) | $02016 | $02019 | — | |
| Capex / revenue | 2.3%2016 | 0.7%2025 | −1.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GLBZ cash flow by activity
OperatingInvestingFinancingChange in cash
GLBZ 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).
GLBZ cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$29,000 | −$112,000 | $1.4M | $1.7M | $2.5M | $1.7M | $1.6M | $1.6M | $911,000 | $1.1M |
| Depreciation & amortization | $367,000 | $238,000 | $227,000 | $994,000 | $995,000 | $59,000 | $932,000 | $1.1M | $925,000 | $1.2M |
| Stock-based compensation | — | — | −$800,000 | — | — | — | — | $866,000 | $335,000 | $900,275 |
| Change in working capital | −$733,000 | −$693,000 | −$161,000 | −$401,000 | $264,000 | $189,000 | $241,000 | −$339,000 | $954,000 | −$460,000 |
| Other non-cash items | −$396,000 | $595,000 | $704,000 | −$113,000 | −$119,000 | −$314,000 | $220,000 | $957,000 | $547,000 | −$145,961 |
| Cash from operating activities | −$791,000 | $28,000 | $1.4M | $2.2M | $3.7M | $1.6M | $3.0M | $4.1M | $3.7M | $2.6M |
| Investing activities | ||||||||||
| Capital expenditures | −$119,000 | −$81,000 | −$152,000 | −$256,000 | −$287,000 | −$573,000 | −$336,000 | −$209,000 | −$205,000 | −$328,000 |
| Investments (net) | $9.4M | $847,000 | $17.7M | $7.0M | −$45.5M | −$9.9M | $26.7M | −$24.3M | −$1.1M | $9.6M |
| Acquisitions & other investing | −$24.6M | $81,000 | $152,000 | $256,000 | $44.5M | $573,000 | $0 | $1.5M | −$419,000 | −$10.7M |
| Cash from investing activities | −$15.4M | $847,000 | $17.7M | $7.0M | −$1.3M | −$9.9M | $26.3M | −$23.0M | −$1.7M | −$1.4M |
| Financing activities | ||||||||||
| Dividends paid | $0 | −$865,000 | −$1.1M | −$1.1M | −$1.1M | −$1.1M | −$1.1M | −$1.1M | −$1.1M | −$1.1M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | $137,000 | $147,000 | $151,000 | $157,290 |
| Net borrowing (repayment) | −$26.0M | $0 | $30.0M | −$20.0M | −$9.9M | $4.9M | −$30.0M | $35.0M | $35.0M | $35.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $23.2M | $9.2M | −$62.8M | −$20.2M | $33.8M | $28.3M | −$1.0M | −$11.8M | −$34.0M | −$37.0M |
| Cash from financing activities | −$2.8M | $8.3M | −$33.9M | −$41.3M | $22.7M | $32.1M | −$32.0M | $22.2M | $25,000 | −$2.9M |
| Summary | ||||||||||
| Net change in cash | −$19.0M | $9.2M | −$14.9M | −$32.1M | $25.1M | $23.8M | −$2.7M | $3.3M | $2.0M | −$1.7M |
| Cash at end of period | $5.5M | $24.5M | $15.2M | $30.1M | $62.2M | $37.1M | $13.3M | $16.0M | $12.6M | $10.6M |
| Free cash flow | −$910,000 | −$53,000 | $1.2M | $2.0M | $3.4M | $1.0M | $2.7M | $3.9M | $3.5M | $2.3M |
| Free cash flow margin | −5.3% | −0.3% | 8.8% | 14.3% | 24.4% | 7.2% | 17.2% | 24.9% | 23.8% | 15.7% |
| Capex / revenue | 0.7% | 0.5% | 1.1% | 1.9% | 2.1% | 4.0% | 2.2% | 1.3% | 1.4% | 2.3% |
| Operating cash flow / net income | — | — | 0.98 | 1.28 | 1.45 | 0.96 | 1.87 | 2.61 | 4.03 | 2.35 |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −$95,000 | $125,000 | −$212,000 | $153,000 | −$39,000 | $129,000 | −$204,000 | $3,000 | $167,000 | $552,000 | $275,000 |
| Depreciation & amortization | $92,000 | $92,000 | $430,000 | −$247,000 | −$6,000 | $94,000 | $46,000 | $104,000 | −$1,000 | −$96,000 | $113,000 |
| Stock-based compensation | — | $17,000 | — | — | — | — | — | −$189,000 | −$189,000 | $189,000 | — |
| Change in working capital | $471,000 | $10,000 | $190,000 | −$200,000 | −$377,000 | $149,000 | −$265,000 | −$200,000 | $363,000 | −$293,000 | $72,000 |
| Other non-cash items | −$41,000 | −$1.1M | −$353,000 | −$117,000 | −$306,000 | $125,000 | $563,000 | $401,000 | $231,000 | −$375,000 | $161,000 |
| Cash from operating activities | $427,000 | −$862,000 | $55,000 | −$411,000 | −$728,000 | $497,000 | $140,000 | $119,000 | $571,000 | −$23,000 | $621,000 |
| Investing activities | |||||||||||
| Capital expenditures | −$43,000 | −$127,000 | −$295,000 | −$295,000 | $0 | −$16,000 | −$113,000 | −$34,000 | −$24,000 | −$147,000 | −$232,000 |
| Investments (net) | $1.7M | $1.7M | −$4.1M | $1.6M | $7.8M | −$3.0M | −$12.4M | $8.4M | $10.2M | $7.4M | −$4.4M |
| Acquisitions & other investing | −$16.2M | $127,000 | $295,000 | $295,000 | — | $16,000 | $113,000 | $34,000 | $24,000 | $147,000 | $232,000 |
| Cash from investing activities | −$14.5M | $1.7M | −$4.1M | $1.6M | — | −$3.0M | −$12.4M | $8.4M | $10.2M | $7.4M | −$4.4M |
| Financing activities | |||||||||||
| Dividends paid | $0 | $0 | $0 | −$1,000 | −$1,000 | −$289,000 | −$290,000 | −$287,000 | −$288,000 | −$288,000 | −$286,000 |
| Net borrowing (repayment) | $4.0M | −$13.0M | −$7.0M | −$10.0M | $0 | $0 | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $3.3M | $11.8M | $59,000 | $8.1M | −$5.1M | $8.4M | −$13.3M | $19.2M | −$9.7M | −$4.4M | $1.2M |
| Cash from financing activities | $7.3M | −$1.2M | −$6.9M | −$1.9M | −$5.1M | $8.1M | −$13.6M | $18.9M | −$10.0M | −$4.6M | $954,000 |
| Summary | |||||||||||
| Net change in cash | −$6.7M | −$441,000 | −$11.0M | −$788,000 | −$22.5M | $5.7M | −$25.8M | $27.4M | $719,000 | $2.8M | −$2.8M |
| Cash at end of period | $5.5M | $12.2M | $12.7M | $23.7M | $22.5M | $22.5M | $16.8M | $42.6M | $15.2M | $14.5M | $11.7M |
| Free cash flow | $384,000 | −$735,000 | −$240,000 | −$116,000 | −$678,000 | $513,000 | $27,000 | $85,000 | $547,000 | $124,000 | $389,000 |
| Free cash flow margin | 8.3% | −16.4% | −5.9% | −3.1% | −22.4% | 11.9% | 0.7% | 2.3% | 16.0% | 3.4% | — |
| Capex / revenue | 0.9% | 2.8% | 7.2% | 7.8% | 0.0% | 0.4% | 2.7% | 0.9% | 0.7% | 4.0% | — |
| Operating cash flow / net income | — | −6.90 | — | −2.69 | — | 3.85 | — | 39.67 | 3.42 | −0.04 | 2.26 |
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.
GLBZ cash generation
In fiscal 2025 (ended December 31, 2025), Glen Burnie Bancorp generated -$0.8 million of cash from operations (down 2,925.0%) and spent $0.1 million on capital expenditures, leaving free cash flow of -$0.9 million, −5.3% of revenue. Cash and equivalents fell by $19.0 million over the year.
Related: GLBZ income statement, GLBZ balance sheet. See the GLBZ stock overview for the latest quote and news.
GLBZ cash flow FAQ
What is Glen Burnie Bancorp's free cash flow?
Glen Burnie Bancorp's free cash flow was -$0.9 million in fiscal 2025: -$0.8 million of operating cash flow minus $0.1 million of capital expenditures It was -$0.1 million a year earlier..
How much cash does Glen Burnie Bancorp generate from operations?
Glen Burnie Bancorp generated -$0.8 million of cash from operating activities in fiscal 2025.
How much does Glen Burnie Bancorp spend on capital expenditures?
Glen Burnie Bancorp spent $0.1 million on capital expenditures in fiscal 2025, 0.7% of revenue, compared with $0.1 million the year before.