KNOREX LTD. (KNRX) Cash Flow Statement
Where KNRX’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$10.4M
- Capital expenditures
- $714,523 11.8% of revenue
- Free cash flow
- −$11.1M −184.4% margin
- Returned to shareholders
- $2.3M
- Change in cash
- −$695,624 cash at year-end $129,104
Drawn to scale: where the cash came from and how it was used. Hover for values.
KNRX operating cash flow, capex and free cash flow
KNRX cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$5.3M2021 | −$10.4M2025 | — | |
| Capital expenditures | $655,3802021 | $714,5232025 | +2.2%/yr | |
| Free cash flow | −$6.0M2021 | −$11.1M2025 | — | |
| Free cash flow margin | −142.8%2021 | −184.4%2025 | −41.5 pts | |
| Share buybacks (net) | $02023 | $2.3M2025 | — | |
| Capex / revenue | 15.7%2021 | 11.8%2025 | −3.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KNRX cash flow by activity
KNRX 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).
KNRX cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$11.5M | −$5.9M | −$8.0M | −$6.7M | −$5.4M |
| Depreciation & amortization | $841,705 | $836,081 | $646,575 | $338,776 | $136,848 |
| Change in working capital | −$280,530 | −$543,441 | $1.7M | −$539,990 | −$140,371 |
| Other non-cash items | $566,373 | $241,477 | $69,572 | $46,133 | $96,108 |
| Cash from operating activities | −$10.4M | −$5.3M | −$5.5M | −$6.9M | −$5.3M |
| Investing activities | |||||
| Capital expenditures | −$714,523 | −$866,761 | −$878,219 | −$708,599 | −$655,380 |
| Investments (net) | — | −$866,761 | −$878,219 | −$708,599 | −$652,173 |
| Acquisitions & other investing | −$400,872 | $866,761 | $878,219 | $708,599 | — |
| Cash from investing activities | −$1.1M | −$866,761 | −$878,219 | −$708,599 | — |
| Financing activities | |||||
| Share repurchases & issuance (net) | −$2.3M | $0 | $0 | — | — |
| Net borrowing (repayment) | $1.1M | $3.8M | −$475,294 | $6.8M | −$725,367 |
| Shares issued | $12.0M | $0 | $8.2M | $705,109 | $6.1M |
| Other financing | $202,458 | $1.3M | $156,638 | −$100,558 | $0 |
| Cash from financing activities | $11.0M | $5.1M | $7.8M | $7.4M | $5.4M |
| Summary | |||||
| Net change in cash | −$695,624 | −$1.0M | $1.4M | −$130,247 | −$499,187 |
| Cash at end of period | $129,104 | $824,728 | $1.9M | $511,719 | $641,966 |
| Free cash flow | −$11.1M | −$6.2M | −$6.4M | −$7.6M | −$6.0M |
| Free cash flow margin | −184.4% | −57.4% | −73.2% | −119.7% | −142.8% |
| Capex / revenue | 11.8% | 8.0% | 10.1% | 11.2% | 15.7% |
| Dec '25 | Sep '25 | Mar '25 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$3.5M | −$3.5M | −$2.3M |
| Depreciation & amortization | $414,156 | $414,156 | $273,147 |
| Change in working capital | −$1.1M | −$1.1M | $956,532 |
| Other non-cash items | $307,761 | $307,761 | −$299,981 |
| Cash from operating activities | −$3.8M | −$3.8M | −$1.4M |
| Investing activities | |||
| Capital expenditures | −$2,080 | −$2,080 | −$5,150 |
| Acquisitions & other investing | −$352,728 | −$352,728 | −$197,740 |
| Cash from investing activities | −$354,808 | −$354,808 | −$202,890 |
| Financing activities | |||
| Shares issued | $0 | $0 | $0 |
| Other financing | $4.1M | $4.1M | $1.4M |
| Cash from financing activities | $4.1M | $4.1M | $1.4M |
| Summary | |||
| Free cash flow | −$3.8M | −$3.8M | −$1.4M |
| Free cash flow margin | −238.3% | −238.3% | −98.0% |
| Capex / revenue | 0.1% | 0.1% | 0.4% |
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.
KNRX cash generation
In fiscal 2025 (ended December 31, 2025), KNOREX LTD. generated -$10.4 million of cash from operations and spent $0.7 million on capital expenditures, leaving free cash flow of -$11.1 million, −184.4% of revenue. It returned $2.3 million to shareholders through dividends ($0) and net share buybacks ($2.3 million). Cash and equivalents fell by $0.7 million over the year.
Related: KNRX income statement, KNRX balance sheet. See the KNRX stock overview for the latest quote and news.
KNRX cash flow FAQ
What is KNOREX LTD.'s free cash flow?
KNOREX LTD.'s free cash flow was -$11.1 million in fiscal 2025: -$10.4 million of operating cash flow minus $0.7 million of capital expenditures It was -$6.2 million a year earlier..
How much cash does KNOREX LTD. generate from operations?
KNOREX LTD. generated -$10.4 million of cash from operating activities in fiscal 2025.
How much does KNOREX LTD. spend on capital expenditures?
KNOREX LTD. spent $0.7 million on capital expenditures in fiscal 2025, 11.8% of revenue, compared with $0.9 million the year before.
How much stock does KNOREX LTD. buy back?
KNOREX LTD. spent $2.3 million on net share repurchases in fiscal 2025.