Innovation Beverage Group Limited (IBG) Cash Flow Statement
Where IBG’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$1.6M
- Capital expenditures
- $11,283 0.4% of revenue
- Free cash flow
- −$1.6M −56.7% margin
- Returned to shareholders
- —
- Change in cash
- −$492,189 cash at year-end $127,756
Drawn to scale: where the cash came from and how it was used. Hover for values.
IBG operating cash flow, capex and free cash flow
IBG cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.0M2020 | −$1.6M2025 | — | |
| Capital expenditures | $4,2552020 | $11,2832025 | +21.5%/yr | |
| Free cash flow | $998,9322020 | −$1.6M2025 | — | |
| Free cash flow margin | 45.8%2020 | −56.7%2025 | −102.5 pts | |
| Operating cash flow / net income | 1.682020 | −26.562021 | −28.24 | |
| Stock-based compensation | $02021 | $2.0M2025 | — | |
| Capex / revenue | 0.2%2020 | 0.4%2025 | +0.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IBG cash flow by activity
IBG 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).
IBG cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$6.2M | −$2.6M | −$2.0M | −$4.1M | $31,763 | $595,766 |
| Depreciation & amortization | $70,012 | $449,910 | $252,174 | $244,880 | $158,242 | $46,273 |
| Stock-based compensation | $2.0M | $1.1M | $803,221 | $201,104 | $0 | — |
| Change in working capital | $2.2M | −$1.2M | $608,494 | −$131,687 | −$1.0M | $361,148 |
| Other non-cash items | $372,961 | $605,805 | $380,163 | $951,802 | $0 | $0 |
| Cash from operating activities | −$1.6M | −$1.6M | $30,095 | −$2.9M | −$843,591 | $1.0M |
| Investing activities | ||||||
| Capital expenditures | −$11,283 | −$6,381 | −$1,550 | −$37,726 | −$515,985 | −$4,255 |
| Investments (net) | — | −$61,023 | −$119,497 | $36,958 | −$1.8M | −$708,826 |
| Acquisitions & other investing | — | $6,381 | $1,550 | $37,726 | $515,985 | $4,255 |
| Cash from investing activities | — | −$61,023 | −$119,497 | $36,958 | −$1.8M | −$708,826 |
| Financing activities | ||||||
| Net borrowing (repayment) | $272,574 | −$1.2M | −$247,677 | $829,753 | −$36,632 | — |
| Shares issued | $0 | $3.3M | $273,613 | $512,295 | $3.9M | $0 |
| Other financing | $750,000 | $0 | $0 | $0 | $0 | −$5,208 |
| Cash from financing activities | $1.0M | $2.1M | $25,936 | $1.3M | $3.9M | −$5,208 |
| Summary | ||||||
| Net change in cash | −$492,189 | $605,804 | −$77,846 | −$1.5M | $1.2M | $371,977 |
| Cash at end of period | $127,756 | $619,944 | $14,140 | $91,986 | $1.6M | $403,486 |
| Free cash flow | −$1.6M | −$1.6M | $28,545 | −$2.9M | −$1.4M | $998,932 |
| Free cash flow margin | −56.7% | −54.0% | 0.9% | −64.0% | −36.3% | 45.8% |
| Capex / revenue | 0.4% | 0.2% | 0.0% | 0.8% | 13.8% | 0.2% |
| Operating cash flow / net income | — | — | — | — | −26.56 | 1.68 |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$4.9M | −$2.5M | −$1.3M | −$630,524 | −$1.3M | −$662,911 | −$688,135 | −$344,068 | −$2.1M | −$1.0M | −$2.0M | −$1.0M |
| Depreciation & amortization | — | $53,568 | $251,394 | $125,697 | $119,367 | $59,683 | $132,807 | $66,404 | $110,443 | $55,221 | $134,437 | $67,219 |
| Stock-based compensation | — | $879,078 | — | $105,784 | — | $268,324 | — | $133,287 | — | $55,297 | — | $45,255 |
| Change in working capital | $2.3M | $240,707 | −$53,665 | $88,854 | $543,216 | $158,241 | $65,278 | −$30,811 | −$46,509 | −$21,519 | −$87,252 | −$269,310 |
| Other non-cash items | $2.2M | $1.1M | −$40,984 | −$241,963 | $916,809 | $303,449 | $266,575 | $63,450 | $1.1M | $472,378 | $96,158 | $228,508 |
| Cash from operating activities | −$457,153 | −$228,576 | −$1.1M | −$552,152 | $253,570 | $126,786 | −$223,475 | −$111,738 | −$968,941 | −$484,471 | −$1.9M | −$946,365 |
| Investing activities | ||||||||||||
| Capital expenditures | −$9,707 | −$4,855 | −$1,576 | −$787 | −$500 | −$250 | −$5 | $0 | −$418 | −$208 | −$9,939 | −$4,968 |
| Acquisitions & other investing | $11,606 | $5,805 | $2 | $0 | −$60,346 | −$30,173 | −$58,646 | −$29,326 | $124,116 | $62,057 | −$76,801 | −$38,402 |
| Cash from investing activities | $1,899 | $950 | −$1,574 | −$787 | −$60,846 | −$30,423 | −$58,651 | −$29,326 | $123,698 | $61,849 | −$86,740 | −$43,370 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | — | −$89,118 | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $399,233 | $199,616 | $623,341 | $311,671 | $118,634 | $59,317 | −$92,698 | −$46,349 | $742,062 | $460,149 | $599,986 | $299,993 |
| Cash from financing activities | $399,233 | $199,616 | $623,341 | $311,671 | $118,634 | $59,317 | −$92,698 | −$46,349 | $742,062 | $371,031 | $599,986 | $299,993 |
| Summary | ||||||||||||
| Net change in cash | −$60,637 | — | $174,253 | — | −$22,083 | — | −$55,763 | — | $21,742 | −$70,244 | −$1.5M | — |
| Cash at end of period | $127,756 | $188,393 | $188,393 | $14,140 | $14,140 | $36,223 | $36,223 | $91,986 | $91,986 | $70,244 | $70,244 | $1.6M |
| Free cash flow | −$466,860 | −$233,431 | −$1.1M | −$552,939 | $253,070 | $126,535 | −$223,480 | −$111,738 | −$969,360 | −$484,679 | −$1.9M | −$951,333 |
| Free cash flow margin | −30.0% | −30.0% | −90.9% | — | 16.5% | 16.5% | −27.7% | −13.9% | −38.8% | −38.8% | −93.6% | −93.6% |
| Capex / revenue | 0.6% | 0.6% | 0.1% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.5% |
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.
IBG cash generation
In fiscal 2025 (ended December 31, 2025), Innovation Beverage generated -$1.6 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$1.6 million, −56.7% of revenue. Cash and equivalents fell by $0.5 million over the year.
Related: IBG income statement, IBG balance sheet. See the IBG stock overview for the latest quote and news.
IBG cash flow FAQ
What is Innovation Beverage's free cash flow?
Innovation Beverage's free cash flow was -$1.6 million in fiscal 2025: -$1.6 million of operating cash flow minus $0.0 million of capital expenditures It was -$1.6 million a year earlier..
How much cash does Innovation Beverage generate from operations?
Innovation Beverage generated -$1.6 million of cash from operating activities in fiscal 2025.
How much does Innovation Beverage spend on capital expenditures?
Innovation Beverage spent $0.0 million on capital expenditures in fiscal 2025, 0.4% of revenue, compared with $0.0 million the year before.