Nutriband Inc. (NTRB) Cash Flow Statement
Where NTRB’s cash came from and went, FY2026
January 31, 2026 · U.S. dollars- Cash from operations
- −$5.1M
- Capital expenditures
- $5,320 0.3% of revenue
- Free cash flow
- −$5.1M −252.1% margin
- Returned to shareholders
- —
- Change in cash
- $263,138 cash at year-end $4.6M
Cash from operations
−$5.1M
Net borrowing (repayment)
−$21,617
Shares issued
+$5.3M
Other financing
+$119,206
Change in cash
$263,138
Drawn to scale: where the cash came from and how it was used. Hover for values.
NTRB operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
NTRB cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$147,923FY2017 | −$5.1MFY2026 | — | |
| Capital expenditures | $4,163FY2017 | $5,320FY2026 | +2.8%/yr | |
| Free cash flow | −$147,923FY2017 | −$5.1MFY2026 | — | |
| Free cash flow margin | −452.4%FY2019 | −252.1%FY2026 | +200.3 pts | |
| Stock-based compensation | $7,770FY2017 | $104,400FY2026 | +33.5%/yr | |
| Dividends paid | $0FY2017 | $296,875FY2023 | — | |
| Share buybacks (net) | $0FY2017 | $0FY2026 | — | |
| Capex / revenue | 1.7%FY2019 | 0.3%FY2026 | −1.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NTRB cash flow by activity
OperatingInvestingFinancingChange in cash
NTRB net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
NTRB cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$8.2M | −$10.5M | −$5.5M | −$4.5M | −$6.2M | −$2.9M | −$2.7M | −$3.3M | −$2.7M | −$151,260 |
| Depreciation & amortization | $193,797 | $285,054 | $287,722 | $368,956 | $318,263 | $169,718 | $91,405 | $37,011 | $147,260 | $151,260 |
| Stock-based compensation | $104,400 | $1.5M | $742,696 | $732,130 | $1.4M | $2.0M | $252,700 | $1.8M | — | $7,770 |
| Change in working capital | $126,809 | $34,088 | $223,219 | −$219,316 | −$541,377 | $110,226 | $712,961 | $400,513 | $75,088 | −$4,433 |
| Other non-cash items | $2.7M | $4.0M | $704,168 | $614,506 | $2.2M | $350,954 | $770,091 | $24,300 | $2.4M | −$151,260 |
| Cash from operating activities | −$5.1M | −$4.6M | −$3.5M | −$3.0M | −$2.8M | −$297,055 | −$894,470 | −$1.1M | −$92,858 | −$147,923 |
| Investing activities | ||||||||||
| Capital expenditures | −$5,320 | −$92,043 | −$51,761 | −$79,304 | −$81,595 | −$81,595 | −$81,595 | −$4,163 | −$4,163 | −$4,163 |
| Investments (net) | — | −$92,043 | −$51,761 | −$79,304 | −$81,595 | $66,994 | $0 | −$404,163 | $0 | $0 |
| Acquisitions & other investing | −$4 | $92,043 | $51,761 | $79,304 | $81,595 | $81,595 | $148,589 | $4,163 | $97,049 | −$400,000 |
| Cash from investing activities | −$5,324 | −$92,043 | −$51,761 | −$79,304 | −$81,595 | $66,994 | $66,994 | −$404,163 | $92,886 | −$404,163 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | −$296,875 | −$196,589 | — | — | $0 | −$2.5M | $0 |
| Share repurchases & issuance (net) | $0 | −$149,000 | $0 | −$119,006 | −$104,467 | $575,108 | — | $0 | $2.5M | $188,964 |
| Net borrowing (repayment) | −$21,617 | $279,340 | $2.1M | −$17,795 | −$1.6M | −$194,890 | $430,250 | −$16,112 | $15,762 | −$100 |
| Shares issued | $5.3M | $8.4M | $0 | $0 | $6.4M | $515,108 | $0 | $1.5M | $0 | $0 |
| Other financing | $119,206 | $69 | −$1 | $593,750 | $3.1M | −$523,453 | $0 | $500,000 | $50,000 | −$13,964 |
| Cash from financing activities | $5.4M | $8.5M | $2.1M | $160,074 | $7.6M | $371,873 | $430,250 | $2.0M | $65,762 | $174,900 |
| Summary | ||||||||||
| Net change in cash | $263,138 | $3.8M | −$1.5M | −$2.9M | $4.7M | $141,812 | −$464,472 | $474,653 | $65,762 | $27,024 |
| Cash at end of period | $4.6M | $4.3M | $492,942 | $2.0M | $4.9M | $151,993 | $10,181 | $474,653 | $92,886 | $27,124 |
| Free cash flow | −$5.1M | −$4.7M | −$3.6M | −$3.1M | −$2.9M | −$297,055 | −$894,470 | −$1.1M | −$92,858 | −$147,923 |
| Free cash flow margin | −252.1% | −220.5% | −171.6% | −147.5% | −203.3% | −31.5% | −241.3% | −452.4% | — | — |
| Capex / revenue | 0.3% | 4.3% | 2.5% | 3.8% | 5.7% | 8.6% | 22.0% | 1.7% | — | — |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$880,561 | −$1.2M | −$968,059 | −$3.9M | −$2.0M | −$1.4M | −$5.5M | −$1.4M | −$1.7M | −$1.9M | −$1.9M | −$1.8M |
| Depreciation & amortization | $33,326 | $34,177 | $35,879 | $43,056 | $57,382 | $57,480 | $72,855 | $73,149 | $69,949 | $69,101 | $69,340 | $67,871 |
| Stock-based compensation | $220,370 | $552,458 | $98,513 | $2.5M | $41,050 | $63,350 | −$419,985 | $133,350 | $130,380 | $422,955 | $0 | $580,576 |
| Change in working capital | $32,866 | $83,217 | $92,837 | −$467,659 | $579,564 | −$77,933 | −$254,316 | −$150,000 | −$414,492 | $564,250 | $424,590 | $39,384 |
| Other non-cash items | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $4.9M | $296,501 | $375,881 | $7,845 | $668,796 | $7,845 |
| Cash from operating activities | −$584,999 | −$563,104 | −$731,830 | −$1.8M | −$1.3M | −$1.3M | −$1.2M | −$1.0M | −$1.5M | −$833,926 | −$718,240 | −$1.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$4 | −$4 | −$5,324 | −$3 | −$5,324 | −$5,324 | −$4 | −$46,958 | −$38,890 | −$6,195 | −$49,137 | $0 |
| Investments (net) | — | — | — | — | $0 | −$5,324 | $0 | −$46,958 | −$38,890 | −$6,195 | −$49,137 | $0 |
| Acquisitions & other investing | — | — | $0 | −$5,321 | $10,648 | $5,324 | — | $46,958 | $38,890 | $6,195 | — | — |
| Cash from investing activities | — | — | −$5,324 | −$5,324 | $5,324 | −$5,324 | — | −$46,958 | −$38,890 | −$6,195 | — | — |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −$1,060 | — | — | — | $0 | $0 | — | — | — | — | $0 | $0 |
| Net borrowing (repayment) | $1,490 | −$5,569 | −$5,490 | −$5,437 | −$5,364 | −$5,326 | −$5,268 | −$5,175 | −$5,136 | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $5.3M | $0 | $6,591 | $0 | $0 | $8.4M | $0 | $0 |
| Other financing | $0 | $0 | $0 | $75,000 | $44,206 | $0 | −$148,547 | $0 | $0 | $294,919 | −$5,004 | −$4,960 |
| Cash from financing activities | $430 | −$5,569 | −$5,490 | $69,563 | $5.3M | −$5,326 | −$147,224 | −$5,175 | −$5,136 | $8.7M | −$5,004 | −$4,960 |
| Summary | ||||||||||||
| Net change in cash | −$584,569 | −$568,673 | −$737,320 | −$1.7M | $4.0M | −$1.3M | −$1.4M | −$1.1M | −$1.6M | $7.9M | −$772,381 | −$1.1M |
| Cash at end of period | $3.4M | $4.0M | $4.6M | $5.3M | $7.0M | $3.0M | $4.3M | $5.7M | $6.8M | $8.3M | $492,942 | $1.3M |
| Free cash flow | −$585,003 | −$563,104 | −$731,830 | −$1.8M | −$1.3M | −$1.3M | −$1.2M | −$1.1M | −$1.6M | −$840,121 | −$767,377 | −$1.1M |
| Free cash flow margin | −133.7% | −129.9% | −182.6% | −506.4% | −210.1% | −200.3% | −192.9% | −163.7% | −357.4% | −205.6% | −146.3% | −248.8% |
| Capex / revenue | 0.0% | 0.0% | 1.3% | 0.0% | 0.9% | 0.8% | 0.0% | 7.3% | 8.8% | 1.5% | 9.4% | 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.
NTRB cash generation
In fiscal 2026 (ended January 31, 2026), Nutriband generated -$5.1 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$5.1 million, −252.1% of revenue. Cash and equivalents rose by $0.3 million over the year.
Related: NTRB income statement, NTRB balance sheet. See the NTRB stock overview for the latest quote and news.
NTRB cash flow FAQ
What is Nutriband's free cash flow?
Nutriband's free cash flow was -$5.1 million in fiscal 2026: -$5.1 million of operating cash flow minus $0.0 million of capital expenditures It was -$4.7 million a year earlier..
How much cash does Nutriband generate from operations?
Nutriband generated -$5.1 million of cash from operating activities in fiscal 2026.
How much does Nutriband spend on capital expenditures?
Nutriband spent $0.0 million on capital expenditures in fiscal 2026, 0.3% of revenue, compared with $0.1 million the year before.