Maison Solutions Inc. (MSS) Cash Flow Statement
Where MSS’s cash came from and went, FY2025
April 30, 2025 · U.S. dollars- Cash from operations
- $4.8M
- Capital expenditures
- $175,355 0.1% of revenue
- Free cash flow
- $4.6M 3.7% margin
- Returned to shareholders
- —
- Change in cash
- −$1.3M cash at year-end $775,360
Drawn to scale: where the cash came from and how it was used. Hover for values.
MSS operating cash flow, capex and free cash flow
MSS cash flow trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.1MFY2021 | $4.8MFY2025 | +43.9%/yr | |
| Capital expenditures | $37,153FY2021 | $175,355FY2025 | +47.4%/yr | |
| Free cash flow | $1.1MFY2021 | $4.6MFY2025 | +43.8%/yr | |
| Free cash flow margin | 2.6%FY2021 | 3.7%FY2025 | +1.1 pts | |
| Operating cash flow / net income | 1.08FY2021 | 5.16FY2025 | +4.08 | |
| Capex / revenue | 0.1%FY2021 | 0.1%FY2025 | +0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MSS cash flow by activity
MSS 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).
MSS cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | $920,909 | −$3.4M | $1.6M | −$655,026 | $1.0M |
| Depreciation & amortization | $1.0M | $461,868 | $371,696 | $437,408 | $578,874 |
| Change in working capital | $2.8M | −$1.0M | −$1.6M | $1.7M | −$528,084 |
| Other non-cash items | −$12,784 | $460,883 | $92,585 | $15,263 | $31,553 |
| Cash from operating activities | $4.8M | −$3.5M | $484,191 | $1.5M | $1.1M |
| Investing activities | |||||
| Capital expenditures | −$175,355 | −$3.3M | −$49,388 | −$63,787 | −$37,153 |
| Investments (net) | −$237,355 | −$12.2M | $1.9M | −$3.3M | −$1.2M |
| Acquisitions & other investing | $175,355 | $3.3M | $49,388 | $63,787 | $37,153 |
| Cash from investing activities | −$237,355 | −$12.2M | $1.9M | −$3.3M | −$1.2M |
| Financing activities | |||||
| Net borrowing (repayment) | −$5.8M | −$173,380 | −$746,637 | $2.0M | — |
| Shares issued | $0 | $13.3M | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | −$650,994 |
| Cash from financing activities | −$5.8M | $13.1M | −$746,637 | $2.0M | −$650,994 |
| Summary | |||||
| Net change in cash | −$1.3M | −$2.6M | $1.6M | $183,776 | −$768,074 |
| Cash at end of period | $775,360 | $1,101 | $2.6M | $972,431 | $788,655 |
| Free cash flow | $4.6M | −$6.8M | $434,803 | $1.4M | $1.1M |
| Free cash flow margin | 3.7% | −11.8% | 0.8% | 3.4% | 2.6% |
| Capex / revenue | 0.1% | 5.7% | 0.1% | 0.2% | 0.1% |
| Operating cash flow / net income | 5.16 | — | 0.30 | — | 1.08 |
| Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | Jul '23 | Apr '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$5.2M | −$5.0M | −$1.7M | −$287,389 | $995,165 | −$316,095 | $617,826 | −$2.8M | −$535,556 | $91,478 | −$26,724 | $411,020 |
| Depreciation & amortization | $219,482 | $220,760 | $220,759 | $255,892 | $252,050 | $260,648 | $266,895 | $187,939 | $147,025 | $60,215 | $67,236 | $59,147 |
| Stock-based compensation | $846,325 | $1.1M | — | — | $0 | — | — | — | — | — | — | — |
| Change in working capital | $251,245 | −$1.1M | $928,095 | −$679,357 | $382,948 | −$2.3M | $2.3M | −$396,318 | −$1.0M | −$254,224 | $637,891 | −$421,536 |
| Other non-cash items | $5.4M | $3.0M | $1.6M | −$919,159 | $48,449 | $3.5M | $393,949 | $370,450 | $51,207 | −$17,908 | −$81,862 | $71,335 |
| Cash from operating activities | $1.5M | −$1.7M | $1.1M | −$1.6M | $1.7M | $1.1M | $3.6M | −$2.6M | −$1.4M | −$120,439 | $596,541 | $119,966 |
| Investing activities | ||||||||||||
| Capital expenditures | −$2.0M | −$2.0M | −$1,000 | −$20,928 | −$21,342 | −$102,631 | −$102,631 | −$65,048 | −$1.4M | −$1.5M | −$12,809 | −$25,203 |
| Investments (net) | — | — | −$1,000 | −$20,928 | −$21,342 | −$92,454 | −$102,631 | −$7.1M | −$2.2M | −$1.5M | −$1.5M | −$25,203 |
| Acquisitions & other investing | $1.2M | $0 | $1,000 | — | $21,342 | $102,631 | $102,631 | $65,048 | $1.4M | $1.5M | $12,809 | $25,203 |
| Cash from investing activities | −$881,017 | −$2.0M | −$1,000 | — | −$21,342 | −$92,454 | −$102,631 | −$7.1M | −$2.2M | −$1.5M | −$1.5M | −$25,203 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | −$513,671 | $4.1M | −$790,259 | −$93,354 | −$1.6M | −$1.3M | −$2.9M | — | — | — | −$101,417 | −$101,417 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.6M | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $274,130 | −$245,562 | $8.6M | $0 | −$3,824 |
| Cash from financing activities | −$513,671 | $4.1M | −$790,259 | −$93,354 | −$1.6M | −$1.3M | −$2.9M | $274,130 | $4.4M | $8.6M | −$101,417 | −$105,241 |
| Summary | ||||||||||||
| Net change in cash | $153,581 | $294,575 | $295,442 | −$1.7M | $89,687 | −$233,226 | $587,795 | −$9.4M | $805,279 | $7.0M | −$957,685 | −$10,478 |
| Cash at end of period | $1.5M | $1.4M | $1.1M | $775,360 | $445,357 | $355,670 | $588,896 | $1,101 | $9.4M | $8.6M | $1.6M | $2.6M |
| Free cash flow | $3.6M | −$3.8M | $1.1M | −$1.7M | $1.7M | $1.2M | $3.5M | −$2.7M | −$2.8M | −$1.6M | $583,732 | $94,763 |
| Free cash flow margin | 12.1% | −13.6% | 4.0% | −5.6% | 4.9% | 3.9% | 11.7% | −15.8% | −20.6% | −11.8% | 4.2% | 0.7% |
| Capex / revenue | 6.9% | 7.4% | 0.0% | 0.1% | 0.1% | 0.3% | 0.3% | 0.4% | 10.6% | 10.9% | 0.1% | 0.2% |
| Operating cash flow / net income | — | — | — | — | 1.69 | — | 5.80 | — | — | −1.32 | — | 0.29 |
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.
MSS cash generation
In fiscal 2025 (ended April 30, 2025), Maison Solutions generated $4.8 million of cash from operations and spent $0.2 million on capital expenditures, leaving free cash flow of $4.6 million, 3.7% of revenue. Cash and equivalents fell by $1.3 million over the year.
Related: MSS income statement, MSS balance sheet. See the MSS stock overview for the latest quote and news.
MSS cash flow FAQ
What is Maison Solutions's free cash flow?
Maison Solutions's free cash flow was $4.6 million in fiscal 2025: $4.8 million of operating cash flow minus $0.2 million of capital expenditures It was -$6.8 million a year earlier..
How much cash does Maison Solutions generate from operations?
Maison Solutions generated $4.8 million of cash from operating activities in fiscal 2025, 5.16 times its net income of $0.9 million.
How much does Maison Solutions spend on capital expenditures?
Maison Solutions spent $0.2 million on capital expenditures in fiscal 2025, 0.1% of revenue, compared with $3.3 million the year before.