LogicMark, Inc. (LGMK) Cash Flow Statement
Where LGMK’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$5.1M
- Capital expenditures
- $1.4M 12.4% of revenue
- Free cash flow
- −$6.5M −56.7% margin
- Returned to shareholders
- $300,000
- Change in cash
- −$239,428 cash at year-end $3.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
LGMK operating cash flow, capex and free cash flow
LGMK cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$950,0482016 | −$5.1M2025 | — | |
| Capital expenditures | $39,0732016 | $1.4M2025 | +49.1%/yr | |
| Free cash flow | −$989,1212016 | −$6.5M2025 | — | |
| Free cash flow margin | −12.8%2016 | −56.7%2025 | −43.9 pts | |
| Stock-based compensation | $1.1M2016 | $1.2M2025 | +1.3%/yr | |
| Dividends paid | $123,4572016 | $300,0002025 | +10.4%/yr | |
| Share buybacks (net) | $123,4572016 | $4,2352024 | −34.4%/yr | |
| Capex / revenue | 0.5%2016 | 12.4%2025 | +11.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LGMK cash flow by activity
LGMK 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).
LGMK cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$7.5M | −$9.0M | −$14.6M | −$6.9M | −$11.7M | −$2.9M | −$2.4M | −$1.3M | −$8.3M | −$12.8M |
| Depreciation & amortization | $2.1M | $876,439 | $890,824 | $803,681 | $791,023 | $827,662 | $835,907 | $905,754 | $1.3M | $579,241 |
| Stock-based compensation | $1.2M | $1.6M | $1.6M | $1.6M | $936,957 | $160,000 | $607,705 | $989,679 | $2.5M | $1.1M |
| Change in working capital | −$888,193 | −$247,954 | $218,196 | $728,231 | −$4.0M | $808,702 | $397,802 | $61,358 | −$3.8M | $5.9M |
| Other non-cash items | −$46,922 | $2.5M | $7.5M | $139,497 | $8.1M | $655,661 | $2.8M | −$678,364 | $2.7M | $4.2M |
| Cash from operating activities | −$5.1M | −$4.3M | −$4.3M | −$3.6M | −$5.9M | −$412,959 | $2.2M | −$50,189 | −$5.6M | −$950,048 |
| Investing activities | ||||||||||
| Capital expenditures | −$1.4M | −$1.5M | −$1.4M | −$1.3M | $0 | $0 | −$23,791 | −$10,766 | −$52,962 | −$39,073 |
| Investments (net) | −$5.9M | −$1.5M | −$1.6M | −$1.3M | −$36,988 | $0 | $2.8M | −$3.2M | — | — |
| Acquisitions & other investing | — | — | — | — | — | — | $1,942 | −$2,683 | −$1.6M | — |
| Cash from investing activities | — | — | — | — | — | — | $2.7M | −$3.2M | −$1.6M | — |
| Financing activities | ||||||||||
| Dividends paid | −$300,000 | −$300,000 | −$300,000 | −$300,000 | −$300,000 | −$25,000 | −$25,000 | −$25,000 | −$338,749 | −$123,457 |
| Share repurchases & issuance (net) | — | −$4,235 | $0 | — | $14.8M | $25,000 | $25,000 | — | $933,157 | −$123,457 |
| Net borrowing (repayment) | — | — | — | $0 | −$11.1M | −$1.9M | −$5.2M | $2.7M | −$3.2M | — |
| Shares issued | $14.4M | $4.5M | $5.2M | $5.2M | $19.8M | $3.9M | $3.2M | $0 | $0 | $0 |
| Other financing | −$2.0M | −$1.1M | $138,549 | −$5.2M | −$9.6M | $1.2M | −$55,546 | $395,265 | $10.7M | $20.0M |
| Cash from financing activities | $12.1M | $3.1M | $5.0M | −$300,000 | $13.6M | $3.2M | −$2.0M | $3.1M | $8.1M | $19.8M |
| Summary | ||||||||||
| Net change in cash | −$239,428 | −$2.6M | −$638,938 | −$5.2M | $7.7M | $2.8M | $122,739 | −$4.1M | $2.3M | $2.9M |
| Cash at end of period | $3.6M | $3.8M | $6.4M | $7.0M | $12.3M | $4.5M | $1.7M | $1.6M | $5.6M | $3.3M |
| Free cash flow | −$6.5M | −$5.7M | −$5.7M | −$4.9M | −$5.9M | −$412,959 | $2.2M | −$60,955 | −$5.7M | −$989,121 |
| Free cash flow margin | −56.7% | −57.7% | −57.3% | −41.3% | −59.0% | −3.6% | 12.9% | −0.4% | −24.3% | −12.8% |
| Capex / revenue | 12.4% | 14.8% | 13.8% | 11.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.2% | 0.5% |
| 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 | −$1.6M | −$1.5M | −$1.7M | −$1.7M | −$2.1M | −$2.2M | −$3.7M | −$1.5M | −$2.0M | −$1.7M | −$10.0M | −$1.4M |
| Depreciation & amortization | $612,214 | $625,025 | $598,581 | $504,953 | $494,047 | $219,501 | $155,541 | $402,819 | $377,977 | $345,551 | $241,356 | $217,767 |
| Stock-based compensation | $431,695 | $79,745 | $271,397 | $138,776 | $380,693 | $454,332 | $395,305 | $411,896 | $400,000 | $417,687 | $365,161 | $417,776 |
| Change in working capital | $583,033 | −$902,755 | −$907,940 | $422,962 | $6,951 | −$410,166 | $80,392 | $298,553 | −$303,017 | −$111,523 | $125,641 | $413,352 |
| Other non-cash items | $8,282 | $77,304 | $70,640 | −$125,583 | $237,311 | $275,633 | $2.1M | −$237,428 | $36,470 | $1,652 | $8.6M | $0 |
| Cash from operating activities | $83,303 | −$1.6M | −$1.6M | −$759,402 | −$1.0M | −$1.7M | −$993,197 | −$642,965 | −$1.5M | −$1.1M | −$723,987 | −$395,581 |
| Investing activities | ||||||||||||
| Capital expenditures | −$422,526 | −$300,717 | −$331,217 | −$428,616 | −$487,929 | −$173,524 | −$411,197 | −$482,531 | −$398,875 | −$167,958 | −$337,906 | −$496,152 |
| Investments (net) | $2.2M | $564,850 | $1.6M | $423,905 | −$2.4M | −$6.2M | −$411,197 | −$482,531 | −$398,875 | −$167,958 | −$337,906 | −$496,152 |
| Financing activities | ||||||||||||
| Dividends paid | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 | −$75,000 |
| Share repurchases & issuance (net) | — | — | — | — | — | — | $4,235 | — | −$4,235 | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $14.4M | $0 | $4.5M | $0 | $0 | $0 | $0 |
| Other financing | −$449,000 | $0 | −$148,470 | −$57,290 | −$451,418 | −$1.3M | −$303,761 | −$665,682 | −$82,097 | −$16,581 | $792,072 | $0 |
| Cash from financing activities | −$524,000 | −$75,000 | −$223,470 | −$132,290 | −$526,418 | $13.0M | −$374,526 | $3.8M | −$161,332 | −$91,581 | $717,072 | −$75,000 |
| Summary | ||||||||||||
| Net change in cash | $1.4M | −$1.5M | −$550,069 | −$896,403 | −$4.0M | $5.2M | −$1.8M | $2.6M | −$2.1M | −$1.4M | −$344,821 | −$966,733 |
| Cash at end of period | $3.5M | $2.1M | $3.6M | $4.1M | $5.0M | $9.0M | $3.8M | $5.6M | $3.0M | $5.0M | $6.4M | $6.7M |
| Free cash flow | −$339,223 | −$1.9M | −$2.0M | −$1.2M | −$1.5M | −$1.7M | −$1.4M | −$1.1M | −$1.9M | −$1.3M | −$1.1M | −$891,733 |
| Free cash flow margin | −10.1% | −60.6% | −64.3% | −40.8% | −52.5% | −63.7% | −62.4% | −41.6% | −82.5% | −48.2% | −43.8% | −37.7% |
| Capex / revenue | 12.6% | 9.4% | 10.8% | 14.7% | 17.1% | 6.7% | 18.3% | 17.8% | 17.1% | 6.4% | 13.9% | 21.0% |
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.
LGMK cash generation
In fiscal 2025 (ended December 31, 2025), LogicMark generated -$5.1 million of cash from operations and spent $1.4 million on capital expenditures, leaving free cash flow of -$6.5 million, −56.7% of revenue. It returned $0.3 million to shareholders through dividends ($0.3 million) and net share buybacks ($0). Cash and equivalents fell by $0.2 million over the year.
Related: LGMK income statement, LGMK balance sheet. See the LGMK stock overview for the latest quote and news.
LGMK cash flow FAQ
What is LogicMark's free cash flow?
LogicMark's free cash flow was -$6.5 million in fiscal 2025: -$5.1 million of operating cash flow minus $1.4 million of capital expenditures It was -$5.7 million a year earlier..
How much cash does LogicMark generate from operations?
LogicMark generated -$5.1 million of cash from operating activities in fiscal 2025.
How much does LogicMark spend on capital expenditures?
LogicMark spent $1.4 million on capital expenditures in fiscal 2025, 12.4% of revenue, compared with $1.5 million the year before.
How much does LogicMark pay in dividends?
LogicMark paid $0.3 million in dividends in fiscal 2025.