Professional Diversity Network, Inc. (IPDN) Cash Flow Statement
Where IPDN’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$2.1M
- Capital expenditures
- $3.7M 56.6% of revenue
- Free cash flow
- −$5.8M −88.5% margin
- Returned to shareholders
- —
- Change in cash
- −$264,201 cash at year-end $1.5M
Cash from operations
−$2.1M
Capital expenditures
−$3.7M
Investments (net)
−$1.3M
Net borrowing (repayment)
+$774,691
Shares issued
+$6.1M
Change in cash
−$264,201
Drawn to scale: where the cash came from and how it was used. Hover for values.
IPDN operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
IPDN cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$6.7M2016 | −$2.1M2025 | — | |
| Capital expenditures | $5,2922016 | $3.7M2025 | +107.1%/yr | |
| Free cash flow | −$6.7M2016 | −$5.8M2025 | — | |
| Free cash flow margin | −25.4%2016 | −88.5%2025 | −63.0 pts | |
| Stock-based compensation | $264,3312016 | $3.6M2025 | +33.6%/yr | |
| Share buybacks (net) | $3.0M2016 | $339,9202023 | −26.8%/yr | |
| Capex / revenue | 0.0%2016 | 56.6%2025 | +56.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IPDN cash flow by activity
OperatingInvestingFinancingChange in cash
IPDN 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).
IPDN cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$6.5M | −$2.6M | −$4.4M | −$3.1M | −$2.9M | −$4.2M | −$2.8M | −$14.6M | −$22.3M | −$4.1M |
| Depreciation & amortization | $157,925 | $203,800 | $624,004 | $776,096 | $451,425 | $286,001 | $855,237 | $2.6M | $3.2M | $3.3M |
| Stock-based compensation | $3.6M | $175,493 | $299,839 | $481,429 | $634,340 | $620,381 | $224,706 | $799,741 | $900,363 | $264,331 |
| Change in working capital | $392,028 | −$576,509 | $363,614 | $40,670 | −$598,854 | −$770,740 | −$871,906 | −$832,629 | −$1.2M | −$4.5M |
| Other non-cash items | $278,008 | $291,453 | $71,852 | −$455,856 | $500,014 | $486,244 | −$3.9M | $7.1M | $13.1M | −$1.7M |
| Cash from operating activities | −$2.1M | −$2.5M | −$3.0M | −$2.2M | −$1.9M | −$3.5M | −$6.5M | −$4.9M | −$6.3M | −$6.7M |
| Investing activities | ||||||||||
| Capital expenditures | −$3.7M | −$262,893 | −$211,537 | −$60,797 | −$74,910 | −$14,104 | −$3,049 | −$127,861 | −$338,742 | −$5,292 |
| Investments (net) | −$1.3M | −$962,893 | −$908,818 | −$60,797 | −$1.3M | −$65,411 | $54,797 | $72,139 | −$343,301 | $657,740 |
| Acquisitions & other investing | $0 | $262,893 | $173,853 | $60,594 | $74,910 | $14,104 | $3,049 | $127,861 | $338,742 | $5,292 |
| Cash from investing activities | −$5.0M | −$962,893 | −$946,502 | −$61,000 | −$1.3M | −$65,411 | $54,797 | $72,139 | −$343,301 | $657,740 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | −$2.8M |
| Share repurchases & issuance (net) | — | — | −$339,920 | −$855,365 | $0 | — | $6.6M | $2.9M | $3.1M | −$3.0M |
| Net borrowing (repayment) | $774,691 | $0 | — | — | $0 | $651,077 | $651,077 | $500,000 | $500,000 | −$300,000 |
| Shares issued | $6.1M | $4.5M | $3.7M | $1.0M | $4.4M | $4.3M | $6.6M | $2.9M | $0 | $0 |
| Other financing | $0 | $82,140 | $4,220 | $365 | $0 | $0 | −$7.0M | −$2.9M | $22,076 | $16.2M |
| Cash from financing activities | $6.8M | $4.6M | $3.4M | $145,000 | $4.4M | $4.9M | $6.9M | $3.4M | $3.6M | $10.0M |
| Summary | ||||||||||
| Net change in cash | −$264,201 | $1.1M | −$609,130 | −$2.2M | $1.3M | $1.5M | $527,945 | −$1.5M | −$3.1M | $4.0M |
| Cash at end of period | $1.5M | $1.7M | $627,641 | $1.2M | $3.4M | $2.1M | $633,615 | $1.4M | $3.0M | $6.1M |
| Free cash flow | −$5.8M | −$2.8M | −$3.2M | −$2.3M | −$1.9M | −$3.6M | −$6.5M | −$5.1M | −$6.7M | −$6.7M |
| Free cash flow margin | −88.5% | −41.1% | −42.1% | −27.8% | −32.0% | −79.7% | −128.9% | −59.9% | −30.2% | −25.4% |
| Capex / revenue | 56.6% | 3.9% | 2.7% | 0.7% | 1.2% | 0.3% | 0.1% | 1.5% | 1.5% | 0.0% |
| 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 | $1.9M | −$1.9M | −$2.9M | −$2.4M | −$492,057 | −$741,090 | −$780,688 | −$421,604 | −$586,243 | −$807,152 | −$525,202 | −$1.3M |
| Depreciation & amortization | $1.2M | $1.2M | $36,870 | $39,412 | $40,686 | $40,957 | $40,591 | $55,895 | $54,913 | $52,401 | $195,349 | $148,722 |
| Stock-based compensation | $62.0M | $30,822 | $3.6M | $18,151 | −$14,677 | $36,641 | $37,455 | $28,368 | $26,338 | $83,332 | $37,591 | $198,992 |
| Change in working capital | −$111,840 | $240,846 | $648,200 | −$497,950 | −$61,072 | $302,850 | −$972,736 | −$118,197 | $440,613 | $73,811 | −$154,200 | −$576,970 |
| Other non-cash items | −$657.7M | $26,447 | $70,869 | $99,028 | $31,600 | $76,511 | $498,402 | −$101,394 | −$160,065 | $54,510 | −$137,287 | $15,551 |
| Cash from operating activities | −$592.8M | −$362,246 | $1.4M | −$2.7M | −$495,520 | −$284,131 | −$1.2M | −$556,932 | −$224,444 | −$543,098 | −$583,749 | −$1.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$4 | −$4 | −$799,999 | −$2.9M | −$3,997 | −$1 | −$61,273 | −$48,703 | −$70,378 | −$82,539 | −$84,587 | −$57,375 |
| Investments (net) | $0 | $0 | $0 | −$2.9M | −$3,997 | −$1.3M | −$761,273 | −$48,703 | −$70,378 | −$82,539 | −$67,919 | −$57,375 |
| Acquisitions & other investing | −$15.0M | — | $0 | $2.9M | $3,997 | $1 | $61,273 | $48,703 | $70,378 | $82,539 | $84,587 | $57,375 |
| Cash from investing activities | −$15.0M | — | −$799,999 | −$2.9M | −$3,997 | −$1.3M | −$761,273 | −$48,703 | −$70,378 | −$82,539 | −$67,919 | −$57,375 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Net borrowing (repayment) | $464,939 | $180,000 | −$44,825 | $741,355 | $78,161 | $0 | — | $0 | — | — | — | — |
| Shares issued | $290,000 | $1.2M | $638,500 | $5.0M | $50,000 | $349,413 | $3.5M | $120,001 | $734,885 | $95,104 | $664,300 | $0 |
| Other financing | $754.2M | $0 | $0 | $0 | $0 | $0 | $0 | −$1 | $82,140 | $0 | $0 | $1.9M |
| Cash from financing activities | $754.9M | $1.4M | $593,675 | $5.8M | $128,161 | $349,413 | $3.5M | $120,000 | $817,025 | $95,104 | $664,300 | $1.9M |
| Summary | ||||||||||||
| Net change in cash | $147.1M | $1.0M | $1.2M | $140,177 | −$371,356 | −$1.2M | $1.6M | −$485,634 | $522,203 | −$530,533 | $12,508 | −$1.6M |
| Cash at end of period | $2.64B | $2.5M | $1.5M | $265,258 | $125,081 | $496,437 | $1.7M | $133,677 | $619,311 | $97,108 | $627,641 | $615,133 |
| Free cash flow | −$592.8M | −$362,246 | $608,021 | −$5.6M | −$499,517 | −$284,131 | −$1.2M | −$605,635 | −$294,822 | −$625,637 | −$668,336 | −$1.6M |
| Free cash flow margin | −50,183.5% | −23.4% | 36.4% | −324.3% | −30.4% | −18.9% | −76.5% | −35.7% | −17.4% | −36.2% | −35.3% | −79.2% |
| Capex / revenue | 0.0% | 0.0% | 47.9% | 167.5% | 0.2% | 0.0% | 3.8% | 2.9% | 4.2% | 4.8% | 4.5% | 2.9% |
| Operating cash flow / net income | −319.39 | — | — | — | — | — | — | — | — | — | — | — |
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.
IPDN cash generation
In fiscal 2025 (ended December 31, 2025), Professional Diversity Network generated -$2.1 million of cash from operations and spent $3.7 million on capital expenditures, leaving free cash flow of -$5.8 million, −88.5% of revenue. Cash and equivalents fell by $0.3 million over the year.
Related: IPDN income statement, IPDN balance sheet. See the IPDN stock overview for the latest quote and news.
IPDN cash flow FAQ
What is Professional Diversity Network's free cash flow?
Professional Diversity Network's free cash flow was -$5.8 million in fiscal 2025: -$2.1 million of operating cash flow minus $3.7 million of capital expenditures It was -$2.8 million a year earlier..
How much cash does Professional Diversity Network generate from operations?
Professional Diversity Network generated -$2.1 million of cash from operating activities in fiscal 2025.
How much does Professional Diversity Network spend on capital expenditures?
Professional Diversity Network spent $3.7 million on capital expenditures in fiscal 2025, 56.6% of revenue, compared with $0.3 million the year before.