Lite Strategy, Inc. (LITS) Cash Flow Statement
Where LITS’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$9.1M
- Capital expenditures
- $0
- Free cash flow
- −$9.1M
- Returned to shareholders
- $4.9M
- Change in cash
- −$12.3M cash at year-end $5.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
LITS operating cash flow, capex and free cash flow
LITS cash flow trends, FY2021–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$32.0MFY2021 | −$9.1MFY2026 | — | |
| Capital expenditures | $707,999FY2021 | $0FY2026 | −100.0% | |
| Free cash flow | −$32.7MFY2021 | −$9.1MFY2026 | — | |
| Free cash flow margin | −93.9%FY2021 | −77.3%FY2024 | +16.6 pts | |
| Stock-based compensation | $10.2MFY2021 | −$144,000FY2025 | — | |
| Dividends paid | $0FY2023 | $0FY2025 | — | |
| Capex / revenue | 2.0%FY2021 | 0.0%FY2024 | −2.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LITS cash flow by activity
LITS 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).
LITS cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$71.2M | −$15.9M | $17.8M | −$31.8M | −$54.5M | −$41.3M |
| Depreciation & amortization | — | $368,000 | $383,000 | $386,000 | $326,000 | $285,000 |
| Stock-based compensation | — | −$144,000 | $2.3M | $3.6M | $8.3M | $10.2M |
| Change in working capital | −$1.0M | −$4.9M | −$84.3M | −$24.9M | $16.9M | $16.9M |
| Other non-cash items | $63.1M | −$272,000 | $13.4M | $326,000 | −$19.8M | −$18.1M |
| Cash from operating activities | −$9.1M | −$20.8M | −$50.5M | −$52.5M | −$48.7M | −$32.0M |
| Investing activities | ||||||
| Capital expenditures | $0 | $0 | −$7,000 | −$35,000 | −$479,000 | −$707,999 |
| Investments (net) | — | $35.1M | $49.1M | $53.7M | $6.9M | $24.7M |
| Acquisitions & other investing | −$95.1M | $0 | $7,000 | $35,000 | $479,000 | $707,999 |
| Cash from investing activities | −$95.1M | $35.1M | $49.1M | $53.7M | $6.9M | $24.7M |
| Financing activities | ||||||
| Dividends paid | — | $0 | −$11.7M | $0 | — | — |
| Share repurchases & issuance (net) | −$4.9M | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $52.3M | $3.2M |
| Other financing | $96.8M | $0 | −$208,000 | −$40,000 | −$3.3M | $268,000 |
| Cash from financing activities | $91.9M | $0 | −$11.9M | −$40,000 | $49.1M | $3.5M |
| Summary | ||||||
| Net change in cash | −$12.3M | $14.3M | −$13.2M | $1.2M | $7.2M | −$3.8M |
| Cash at end of period | $5.7M | $18.0M | $3.7M | $16.9M | $15.7M | $8.5M |
| Free cash flow | −$9.1M | −$20.8M | −$50.5M | −$52.5M | −$49.2M | −$32.7M |
| Free cash flow margin | — | — | −77.3% | −107.6% | −121.0% | −93.9% |
| Capex / revenue | — | — | 0.0% | 0.1% | 1.2% | 2.0% |
| Operating cash flow / net income | — | — | −2.84 | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −$13.0M | −$23.7M | −$30.8M | −$3.6M | −$2.7M | −$2.6M | −$2.7M | −$8.0M | −$18.4M | −$9.1M | −$11.1M |
| Depreciation & amortization | — | $0 | $0 | $0 | $0 | $0 | $0 | $368,000 | $125,000 | $86,000 | $85,000 |
| Stock-based compensation | — | $270,000 | $234,000 | $284,000 | $78,000 | $16,000 | −$103,000 | −$135,000 | $397,000 | $668,000 | — |
| Change in working capital | $546,000 | $245,000 | $296,000 | −$2.1M | $150,000 | −$291,000 | −$391,000 | −$3.9M | −$12.3M | $5.1M | −$1.3M |
| Other non-cash items | $11.3M | $21.7M | $28.3M | $962,000 | −$1,000 | −$419,000 | −$495,000 | $223,000 | $12.2M | $386,000 | $1.2M |
| Cash from operating activities | −$1.2M | −$1.5M | −$1.9M | −$4.5M | −$2.5M | −$3.3M | −$3.7M | −$11.4M | −$18.0M | −$2.9M | −$11.1M |
| Investing activities | |||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$7,000 |
| Investments (net) | — | $173,000 | $569,000 | −$100.0M | $0 | $0 | $20.5M | $14.7M | $19.5M | $122,000 | — |
| Acquisitions & other investing | $2.2M | $1.9M | $0 | $0 | — | — | — | $0 | $0 | $0 | $24.5M |
| Cash from investing activities | $2.2M | $2.1M | $569,000 | −$100.0M | — | — | — | $14.7M | $19.5M | $122,000 | $24.5M |
| Financing activities | |||||||||||
| Dividends paid | — | — | — | — | $0 | $0 | — | — | $0 | $0 | −$11.7M |
| Share repurchases & issuance (net) | −$2.9M | −$1.8M | −$203,000 | — | — | $0 | — | — | — | — | — |
| Shares issued | $0 | $0 | $208,000 | $96.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$208,000 | $0 | $0 |
| Cash from financing activities | −$2.9M | −$1.8M | $5,000 | $96.6M | $0 | $0 | $0 | $0 | −$208,000 | $0 | −$11.7M |
| Summary | |||||||||||
| Net change in cash | −$1.8M | −$1.2M | −$1.4M | −$7.9M | −$2.5M | −$3.3M | $16.8M | $3.2M | $1.3M | −$2.8M | $1.8M |
| Cash at end of period | $5.7M | $7.5M | $8.8M | $10.1M | $18.0M | $20.5M | $23.7M | $7.0M | $3.7M | $2.4M | $5.2M |
| Free cash flow | −$1.2M | −$1.5M | −$1.9M | −$4.5M | −$2.5M | −$3.3M | −$3.7M | −$11.4M | −$18.0M | −$2.9M | −$11.1M |
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.
LITS cash generation
In fiscal 2026 (ended June 30, 2026), Lite Strategy generated -$9.1 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$9.1 million. It returned $4.9 million to shareholders through dividends ($0) and net share buybacks ($4.9 million). Cash and equivalents fell by $12.3 million over the year.
Related: LITS income statement, LITS balance sheet. See the LITS stock overview for the latest quote and news.
LITS cash flow FAQ
What is Lite Strategy's free cash flow?
Lite Strategy's free cash flow was -$9.1 million in fiscal 2026: -$9.1 million of operating cash flow minus $0 of capital expenditures It was -$20.8 million a year earlier..
How much cash does Lite Strategy generate from operations?
Lite Strategy generated -$9.1 million of cash from operating activities in fiscal 2026.
How much stock does Lite Strategy buy back?
Lite Strategy spent $4.9 million on net share repurchases in fiscal 2026.