The LGL Group, Inc. (LGL) Cash Flow Statement
Where LGL’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $70,000 −92.0% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- $70,000 1.7% margin
- Returned to shareholders
- $366,000 523% of free cash flow
- Change in cash
- −$71,000 cash at year-end $41.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
LGL operating cash flow, capex and free cash flow
LGL cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $278,0002016 | $70,0002025 | −14.2%/yr | |
| Capital expenditures | $172,0002016 | $02025 | −100.0% | |
| Free cash flow | $106,0002016 | $70,0002025 | −4.5%/yr | |
| Free cash flow margin | 0.5%2016 | 1.7%2025 | +1.2 pts | |
| Operating cash flow / net income | 1.882016 | 0.102025 | −1.78 | |
| Stock-based compensation | $67,0002016 | $61,0002025 | −1.0%/yr | |
| Dividends paid | $62,0002016 | $6,0002017 | −90.3%/yr | |
| Share buybacks (net) | $8,0002016 | $366,0002025 | +52.9%/yr | |
| Capex / revenue | 0.8%2016 | 0.0%2025 | −0.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LGL cash flow by activity
LGL 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).
LGL cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $688,000 | $522,000 | $317,000 | −$4.9M | $12.6M | $968,000 | $7.0M | $1.4M | $117,000 | $148,000 |
| Depreciation & amortization | $21,000 | $21,000 | $22,000 | $558,000 | $576,000 | $528,000 | $493,000 | $492,000 | $642,000 | $772,000 |
| Stock-based compensation | $61,000 | $36,000 | $3,000 | $388,000 | $413,000 | $790,000 | $112,000 | $64,000 | $88,000 | $67,000 |
| Change in working capital | −$717,000 | $234,000 | $345,000 | −$2.0M | $392,000 | $528,000 | −$1.6M | −$375,000 | −$282,000 | −$319,000 |
| Other non-cash items | $17,000 | $61,000 | −$302,000 | $5.1M | −$12.6M | $378,000 | −$3.4M | $70,000 | $116,000 | −$390,000 |
| Cash from operating activities | $70,000 | $874,000 | $385,000 | −$817,000 | $1.4M | $3.2M | $2.7M | $1.7M | $681,000 | $278,000 |
| Investing activities | ||||||||||
| Capital expenditures | $0 | $0 | $0 | −$662,000 | −$1.1M | −$407,000 | −$1.2M | −$324,000 | −$131,000 | −$172,000 |
| Investments (net) | — | $0 | $19.0M | −$5.8M | $10.5M | −$21,000 | −$5.0M | −$324,000 | −$1.0M | −$2.7M |
| Acquisitions & other investing | — | $0 | −$179,000 | $662,000 | $0 | $0 | $0 | $324,000 | $130,000 | −$178,000 |
| Cash from investing activities | — | $0 | $18.8M | −$5.8M | $9.4M | −$428,000 | −$6.2M | −$324,000 | −$1.0M | −$3.0M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | −$6,000 | −$62,000 |
| Share repurchases & issuance (net) | −$366,000 | — | $0 | −$50,000 | −$251,000 | −$23,000 | $442,000 | −$28,000 | $10.8M | −$8,000 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $3.3M | $0 | $0 | $0 | $0 |
| Other financing | $225,000 | — | −$980,000 | −$809,000 | $178,000 | −$117,000 | $0 | $954,000 | $6,000 | $62,000 |
| Cash from financing activities | −$141,000 | — | −$980,000 | −$859,000 | −$73,000 | $3.1M | $442,000 | $926,000 | $10.8M | −$8,000 |
| Summary | ||||||||||
| Net change in cash | −$71,000 | $874,000 | $19.2M | −$4.9M | $8.1M | $5.9M | −$3.1M | $2.3M | $10.5M | −$2.8M |
| Cash at end of period | $41.5M | $41.6M | $40.7M | $21.5M | $26.4M | $18.3M | $12.5M | $15.5M | $13.2M | $2.8M |
| Free cash flow | $70,000 | $874,000 | $385,000 | −$1.5M | $253,000 | $2.8M | $1.5M | $1.3M | $550,000 | $106,000 |
| Free cash flow margin | 1.7% | 39.3% | 22.3% | — | 17.5% | 8.9% | 4.7% | 5.4% | 2.5% | 0.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 76.0% | 1.3% | 3.6% | 1.3% | 0.6% | 0.8% |
| Operating cash flow / net income | 0.10 | 1.67 | 1.21 | — | 0.11 | 3.30 | 0.38 | 1.18 | 5.82 | 1.88 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −$352,000 | −$622,000 | −$7,000 | $772,000 | −$45,000 | $13,000 | $228,000 | $90,000 | $161,000 | $43,000 | $130,000 |
| Depreciation & amortization | $5,000 | $6,000 | $5,000 | $5,000 | $5,000 | $6,000 | $5,000 | $5,000 | $6,000 | $5,000 | $9,000 |
| Stock-based compensation | $160,000 | $688,000 | $17,000 | $18,000 | $17,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $0 |
| Change in working capital | −$585,000 | $603,000 | −$987,000 | $83,000 | −$106,000 | $293,000 | −$289,000 | $414,000 | $32,000 | $77,000 | $291,000 |
| Other non-cash items | $379,000 | −$174,000 | $617,000 | −$603,000 | −$61,000 | $19,000 | $30,000 | $10,000 | −$5,000 | $26,000 | $33,000 |
| Cash from operating activities | −$393,000 | $501,000 | −$355,000 | $275,000 | −$190,000 | $340,000 | −$17,000 | $528,000 | $203,000 | $160,000 | $463,000 |
| Investing activities | |||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investments (net) | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | −$2.0M | — | — | — | — | — | $0 | $0 | — | $3,000 | — |
| Cash from investing activities | −$2.0M | — | — | — | — | — | $0 | $0 | — | $3,000 | — |
| Financing activities | |||||||||||
| Share repurchases & issuance (net) | — | — | −$141,000 | −$366,000 | — | — | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $1.1M | $4.6M | $439,000 | −$73,000 | $0 | $0 | — | — | — | — | $0 |
| Cash from financing activities | $1.1M | $4.6M | $298,000 | −$439,000 | $0 | $0 | — | — | — | — | $0 |
| Summary | |||||||||||
| Net change in cash | −$1.2M | $5.1M | −$57,000 | −$164,000 | −$190,000 | $340,000 | −$17,000 | $528,000 | $203,000 | $160,000 | $463,000 |
| Cash at end of period | $45.4M | $46.6M | $41.5M | $41.6M | $41.7M | $41.9M | $41.6M | $41.6M | $41.1M | $40.9M | $40.8M |
| Free cash flow | −$393,000 | $501,000 | −$355,000 | $275,000 | −$190,000 | $340,000 | −$17,000 | $528,000 | $203,000 | $160,000 | $463,000 |
| Free cash flow margin | −106.2% | 73.5% | −44.2% | 41.6% | −38.7% | 68.3% | −1.5% | 44.8% | 38.2% | 18.0% | 105.7% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | 0.36 | — | 26.15 | −0.07 | 5.87 | 1.26 | 3.72 | 3.56 |
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.
LGL cash generation
In fiscal 2025 (ended December 31, 2025), LGL generated $0.1 million of cash from operations (down 92.0%) and spent $0 on capital expenditures, leaving free cash flow of $0.1 million, 1.7% of revenue. It returned $0.4 million to shareholders through dividends ($0) and net share buybacks ($0.4 million). Cash and equivalents fell by $0.1 million over the year.
Related: LGL income statement, LGL balance sheet. See the LGL stock overview for the latest quote and news.
LGL cash flow FAQ
What is LGL's free cash flow?
LGL's free cash flow was $0.1 million in fiscal 2025: $0.1 million of operating cash flow minus $0 of capital expenditures It was $0.9 million a year earlier..
How much cash does LGL generate from operations?
LGL generated $0.1 million of cash from operating activities in fiscal 2025, 0.10 times its net income of $0.7 million.
How much stock does LGL buy back?
LGL spent $0.4 million on net share repurchases in fiscal 2025.