Nuran Wireless Inc. (NUR) Cash Flow Statement

NASDAQ: NUROperating cash, capex, free cash flow and buybacks.

Where NUR’s cash came from and went, 2025

December 31, 2025 · Canadian dollars
Cash from operations
−C$3.0M
Capital expenditures
C$3.3M
78.4% of revenue
Free cash flow
−C$6.2M
−149.4% margin
Returned to shareholders
—
Change in cash
C$3.7M
cash at year-end C$4.7M
Borrowing: C$9.9MBorrowingC$9.9MCapital expenditures: C$3.3MCapital expendituresC$3.3M · 33%Cash used in operations: C$3.0MCash used in operationsC$3.0M · 30%Added to cash: C$3.7MAdded to cashC$3.7M · 37%C$9.9M
Cash from operations
−C$3.0M
Capital expenditures
−C$3.3M
Net borrowing (repayment)
+C$9.9M
Change in cash
C$3.7M

Drawn to scale: where the cash came from and how it was used. Hover for values.

NUR operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

NUR cash flow trends, 2022–2025

MetricTrendThenLatestChange
Operating cash flow−C$6.8M2022−C$3.0M2025—
Capital expendituresC$1.1M2022C$3.3M2025+45.2%/yr
Free cash flow−C$7.9M2022−C$6.2M2025—
Free cash flow margin−161.5%2022−149.4%2025+12.1 pts
Stock-based compensationC$1.2M2022C$02024−100.0%
Capex / revenue21.9%202278.4%2025+56.5 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NUR cash flow by activity

OperatingInvestingFinancingChange in cash

NUR 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).

NUR cash flow statement in Canadian dollars

2025202420232022
Operating activities
Net income−C$21.4M−C$8.8M−C$12.3M−C$9.9M
Depreciation & amortizationC$406,031C$319,493C$346,140C$454,431
Stock-based compensation—C$0C$220,984C$1.2M
Change in working capitalC$8.3M−C$1.3MC$46,781C$398,048
Other non-cash itemsC$9.8MC$3.5MC$3.1MC$1.1M
Cash from operating activities−C$3.0M−C$6.2M−C$8.6M−C$6.8M
Investing activities
Capital expenditures−C$3.3M−C$393,206−C$552,053−C$1.1M
Financing activities
Net borrowing (repayment)C$9.9MC$7.7MC$9.1M−C$586,858
Shares issuedC$0C$0C$0C$402,499
Other financingC$0C$0C$0C$0
Cash from financing activitiesC$9.9MC$7.7MC$9.1M−C$184,359
Summary
Net change in cashC$3.7MC$1.1M−C$201,872−C$547,793
Cash at end of periodC$4.7MC$1.2MC$172,880C$183,397
Free cash flow−C$6.2M−C$6.6M−C$9.1M−C$7.9M
Free cash flow margin−149.4%−151.6%−285.6%−161.5%
Capex / revenue78.4%9.0%17.3%21.9%

Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported; data from EODHD.

NUR cash generation

In fiscal 2025 (ended December 31, 2025), Nuran Wireless Inc. generated -C$3.0 million of cash from operations and spent C$3.3 million on capital expenditures, leaving free cash flow of -C$6.2 million, −149.4% of revenue. Cash and equivalents rose by C$3.7 million over the year.

Related: NUR income statement, NUR balance sheet. See the NUR stock overview for the latest quote and news.

NUR cash flow FAQ

What is Nuran Wireless Inc.'s free cash flow?

Nuran Wireless Inc.'s free cash flow was -C$6.2 million in fiscal 2025: -C$3.0 million of operating cash flow minus C$3.3 million of capital expenditures It was -C$6.6 million a year earlier..

How much cash does Nuran Wireless Inc. generate from operations?

Nuran Wireless Inc. generated -C$3.0 million of cash from operating activities in fiscal 2025.

How much does Nuran Wireless Inc. spend on capital expenditures?

Nuran Wireless Inc. spent C$3.3 million on capital expenditures in fiscal 2025, 78.4% of revenue, compared with C$0.4 million the year before.

Communication Equipment: cash flow