MacKenzie Realty Capital, Inc. (MKZR) Cash Flow Statement
Where MKZR’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$3.3M
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$3.3M −16.6% margin
- Returned to shareholders
- $945,213
- Change in cash
- −$307,586 cash at year-end $3.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
MKZR operating cash flow, capex and free cash flow
MKZR cash flow trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$22.2MFY2019 | −$3.3MFY2026 | — | |
| Capital expenditures | $0FY2019 | $0FY2026 | — | |
| Free cash flow | −$22.2MFY2019 | −$3.3MFY2026 | — | |
| Free cash flow margin | −187.1%FY2019 | −16.6%FY2026 | +170.4 pts | |
| Operating cash flow / net income | −7.70FY2019 | 1.08FY2022 | +8.78 | |
| Stock-based compensation | $0FY2024 | $37,363FY2026 | — | |
| Dividends paid | $3.8MFY2019 | $943,328FY2026 | −18.0%/yr | |
| Share buybacks (net) | $2.4MFY2019 | $1,885FY2026 | −63.9%/yr | |
| Capex / revenue | 0.0%FY2019 | 0.0%FY2026 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MKZR cash flow by activity
MKZR 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).
MKZR cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −$14.1M | −$24.0M | −$11.2M | −$4.1M | $4.3M | $264,157 | −$11.7M | $2.9M |
| Depreciation & amortization | $9.0M | $11.4M | $7.2M | $5.3M | $4.5M | $2.2M | — | — |
| Stock-based compensation | $37,363 | $628,137 | $0 | — | — | — | — | — |
| Change in working capital | $188,035 | −$544,128 | $361,656 | −$2.5M | $2.8M | $238,968 | $296,610 | $3.7M |
| Other non-cash items | $1.6M | $10.8M | $3.1M | −$5.3M | −$7.0M | −$1.7M | $9.7M | −$28.8M |
| Cash from operating activities | −$3.3M | −$1.7M | −$595,517 | −$6.6M | $4.6M | $970,782 | −$1.7M | −$22.2M |
| Investing activities | ||||||||
| Capital expenditures | $0 | $0 | $0 | −$4 | $0 | −$2 | $0 | $0 |
| Investments (net) | — | −$19.1M | −$1.3M | $15.3M | −$32.2M | — | — | — |
| Acquisitions & other investing | −$9.1M | $0 | $0 | −$13.0M | $0 | −$21.2M | — | — |
| Cash from investing activities | −$9.1M | −$19.1M | −$1.3M | $2.4M | −$32.2M | −$21.2M | — | — |
| Financing activities | ||||||||
| Dividends paid | −$943,328 | −$5.8M | −$6.1M | −$4.5M | −$2.8M | −$461,040 | −$4.5M | −$3.8M |
| Share repurchases & issuance (net) | −$1,885 | −$5,555 | −$1.5M | −$1.6M | −$1.4M | −$408,818 | −$3.2M | −$2.4M |
| Net borrowing (repayment) | — | $11.8M | $1.7M | −$5.7M | $30.5M | — | — | — |
| Shares issued | $0 | $5.9M | $3.4M | $13.4M | $2.9M | $0 | $19.5M | $0 |
| Other financing | $13.1M | −$21,754 | −$662,849 | −$1.2M | −$398,171 | $14.7M | −$2.4M | $21.2M |
| Cash from financing activities | $12.1M | $11.8M | −$3.2M | $450,998 | $28.8M | $13.8M | $9.4M | $15.1M |
| Summary | ||||||||
| Net change in cash | −$307,586 | −$9.0M | −$5.1M | $9.1M | $1.2M | −$1.2M | $7.7M | −$7.2M |
| Cash at end of period | $3.8M | $4.1M | $13.1M | $18.1M | $9.0M | $7.8M | $9.0M | $1.3M |
| Free cash flow | −$3.3M | −$1.7M | −$595,517 | −$6.6M | $4.6M | $970,780 | −$1.7M | −$22.2M |
| Free cash flow margin | −16.6% | −7.7% | −3.8% | −43.8% | 44.6% | 16.2% | −19.8% | −187.1% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | — | 1.08 | 3.68 | — | −7.70 |
| 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 | −$6.7M | −$985,784 | −$4.5M | −$3.0M | −$6.0M | −$6.1M | −$4.5M | −$7.4M | −$2.9M | −$2.9M | −$1.6M | −$4.2M |
| Depreciation & amortization | $2.1M | $2.1M | $2.7M | $2.2M | $4.3M | $2.6M | $2.2M | $2.3M | $2.1M | $1.9M | $1.6M | $1.6M |
| Stock-based compensation | $74,726 | $0 | $0 | −$37,363 | $100,000 | $528,137 | $0 | $0 | — | — | — | — |
| Change in working capital | $127,208 | $932,058 | $45,155 | −$916,387 | −$264,223 | −$572,057 | −$847,330 | $1.1M | −$539,555 | $987,388 | −$848,296 | $762,119 |
| Other non-cash items | $3.8M | −$1.2M | $188,393 | −$216,438 | $196,744 | $932,466 | $5.0M | $4.6M | $592,587 | $797,674 | −$260,657 | $2.4M |
| Cash from operating activities | −$553,358 | $832,802 | −$1.6M | −$2.0M | −$1.6M | −$2.6M | $1.9M | $644,359 | −$753,058 | $743,262 | −$1.1M | $517,066 |
| Investing activities | ||||||||||||
| Capital expenditures | −$4 | −$4 | $0 | −$4 | −$3 | −$3 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investments (net) | — | −$1.2M | $941,143 | −$4.2M | −$4.9M | −$6.4M | −$2.6M | −$5.3M | −$2.0M | $3.3M | $2.9M | −$5.4M |
| Acquisitions & other investing | −$886,717 | −$865,837 | −$2.9M | $4 | $3 | $3 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash from investing activities | −$886,721 | −$2.0M | −$2.0M | −$4.2M | −$4.9M | −$6.4M | −$2.6M | −$5.3M | −$2.0M | $3.3M | $2.9M | −$5.4M |
| Financing activities | ||||||||||||
| Dividends paid | −$233,576 | −$271,030 | −$261,304 | −$248,696 | −$1.0M | −$925,965 | −$1.9M | −$1.9M | −$1.9M | −$1.4M | −$1.4M | −$1.3M |
| Share repurchases & issuance (net) | −$13 | −$45 | −$31 | −$1,796 | −$1 | −$3 | −$5,551 | $0 | −$27,957 | −$519,990 | −$482,098 | −$445,000 |
| Net borrowing (repayment) | — | $1.0M | $2.8M | $7.3M | $4.9M | $4.5M | −$3.0M | $5.4M | −$421,345 | — | — | — |
| Shares issued | $0 | $1.1M | $683,591 | $993,966 | $0 | $4.9M | $825,353 | $406,499 | $958,948 | $591,000 | $459,601 | $1.4M |
| Other financing | $1.0M | −$1.1M | −$132,236 | −$651,379 | $1.3M | −$1.3M | $149,745 | −$352,165 | $1.1M | $392,198 | −$2.0M | $1.9M |
| Cash from financing activities | $798,330 | $838,735 | $3.1M | $7.4M | $5.2M | $7.1M | −$4.0M | $3.6M | −$270,452 | −$956,796 | −$3.4M | $1.5M |
| Summary | ||||||||||||
| Net change in cash | −$597,863 | −$366,879 | −$463,829 | $1.2M | −$1.3M | −$1.8M | −$4.7M | −$1.1M | −$3.1M | $3.1M | −$1.6M | −$3.5M |
| Cash at end of period | $3.7M | $4.5M | $4.8M | $5.3M | $4.1M | $5.5M | $7.3M | $12.0M | $13.1M | $16.1M | $13.0M | $14.7M |
| Free cash flow | −$553,354 | $832,802 | −$1.6M | −$2.0M | −$1.6M | −$2.6M | $1.9M | $644,359 | −$753,058 | $743,262 | −$1.1M | $517,066 |
| Free cash flow margin | −10.2% | 15.4% | −34.4% | −44.5% | −34.1% | −60.1% | 23.3% | 13.0% | −16.7% | 18.2% | −30.8% | 14.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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.
MKZR cash generation
In fiscal 2026 (ended June 30, 2026), MacKenzie Realty Capital generated -$3.3 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$3.3 million, −16.6% of revenue. It returned $0.9 million to shareholders through dividends ($0.9 million) and net share buybacks ($0.0 million). Cash and equivalents fell by $0.3 million over the year.
Related: MKZR income statement, MKZR balance sheet, MKZR dividend history. See the MKZR stock overview for the latest quote and news.
MKZR cash flow FAQ
What is MacKenzie Realty Capital's free cash flow?
MacKenzie Realty Capital's free cash flow was -$3.3 million in fiscal 2026: -$3.3 million of operating cash flow minus $0 of capital expenditures It was -$1.7 million a year earlier..
How much cash does MacKenzie Realty Capital generate from operations?
MacKenzie Realty Capital generated -$3.3 million of cash from operating activities in fiscal 2026.
How much stock does MacKenzie Realty Capital buy back?
MacKenzie Realty Capital spent $0.0 million on net share repurchases in fiscal 2026.
How much does MacKenzie Realty Capital pay in dividends?
MacKenzie Realty Capital paid $0.9 million in dividends in fiscal 2026.