OFAL (OFAL) Cash Flow Statement
Where OFAL’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- −$4.2M
- Capital expenditures
- $591,191 82.5% of revenue
- Free cash flow
- −$4.8M −664.3% margin
- Returned to shareholders
- $49,077
- Change in cash
- $2.7M cash at year-end $2.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
OFAL operating cash flow, capex and free cash flow
OFAL cash flow trends, FY2023–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$184,692FY2023 | −$4.2MFY2026 | — | |
| Capital expenditures | $0FY2023 | $591,191FY2026 | — | |
| Free cash flow | −$184,692FY2023 | −$4.8MFY2026 | — | |
| Free cash flow margin | −16.8%FY2023 | −664.3%FY2026 | −647.5 pts | |
| Stock-based compensation | $0FY2025 | $555,519FY2026 | — | |
| Capex / revenue | 0.0%FY2023 | 82.5%FY2026 | +82.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OFAL cash flow by activity
OFAL 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).
OFAL cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$8.0M | −$714,680 | −$93,197 | $174,268 |
| Depreciation & amortization | $1.6M | $0 | — | — |
| Stock-based compensation | $555,519 | $0 | — | — |
| Change in working capital | $627,493 | $408,604 | −$145,914 | −$358,959 |
| Other non-cash items | $1.1M | $49,861 | $0 | −$1 |
| Cash from operating activities | −$4.2M | −$256,215 | −$239,111 | −$184,692 |
| Investing activities | ||||
| Capital expenditures | −$591,191 | $0 | $0 | $0 |
| Acquisitions & other investing | −$12.1M | — | — | — |
| Cash from investing activities | −$12.7M | — | — | — |
| Financing activities | ||||
| Dividends paid | −$49,077 | — | — | — |
| Net borrowing (repayment) | −$3,317 | −$1,497 | $472,477 | $0 |
| Shares issued | $19.6M | $0 | $0 | $0 |
| Other financing | $49,077 | $0 | $0 | $0 |
| Cash from financing activities | $19.6M | −$1,497 | $472,477 | $0 |
| Summary | ||||
| Net change in cash | $2.7M | −$236,210 | $233,441 | −$185,055 |
| Cash at end of period | $2.7M | $31,950 | $268,160 | $34,719 |
| Free cash flow | −$4.8M | −$256,215 | −$239,111 | −$184,692 |
| Free cash flow margin | −664.3% | −126.8% | −45.1% | −16.8% |
| Capex / revenue | 82.5% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | −1.06 |
| Jun '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$4.6M | −$3.4M | −$1.7M | −$260,909 | −$521,818 | −$260,909 | −$192,862 | −$96,431 | −$31,702 | −$15,851 | −$61,496 | −$30,748 |
| Depreciation & amortization | $1.6M | $99 | $59 | $40 | $40 | — | $152,945 | — | — | — | — | — |
| Stock-based compensation | −$520,267 | $1.1M | $192,215 | $883,571 | — | — | — | — | — | — | — | — |
| Change in working capital | −$2.7M | $3.4M | $15.3M | $154,982 | $309,964 | $154,982 | $84,480 | $42,240 | −$222,788 | −$111,394 | $27,064 | $13,532 |
| Other non-cash items | $1.0M | $56,567 | −$37,000 | −$859,592 | $47,998 | $24,019 | −$136,963 | $7,991 | −$536 | −$268 | $50,348 | $25,174 |
| Cash from operating activities | −$5.2M | $1.1M | $13.7M | −$81,908 | −$163,816 | −$81,908 | −$92,400 | −$46,200 | −$255,026 | −$127,513 | $15,916 | $7,958 |
| Investing activities | ||||||||||||
| Capital expenditures | −$406,417 | −$997,608 | −$16.0M | −$1,442 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $3.7M | −$15.0M | — | — | — | — | — | — | — | — | — | — |
| Cash from investing activities | $3.3M | −$16.0M | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||
| Shares issued | $471,000 | $0 | $0 | $15.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $3.7M | $15.3M | $37,000 | −$15.3M | −$1,498 | −$749 | — | — | $472,478 | $236,239 | — | — |
| Cash from financing activities | $4.2M | $15.3M | $37,000 | −$749 | −$1,498 | −$749 | — | — | $472,478 | $236,239 | — | — |
| Summary | ||||||||||||
| Net change in cash | $2.2M | $505,785 | −$2.3M | $2.7M | — | — | — | — | — | −$51,104 | $51,104 | — |
| Cash at end of period | $2.7M | $505,785 | $505,786 | $2.7M | $31,950 | — | — | — | — | — | $51,104 | — |
| Free cash flow | −$4.8M | $76,984 | −$2.3M | −$81,908 | −$163,816 | −$81,908 | −$92,400 | −$46,200 | −$255,026 | −$127,513 | $15,916 | $7,958 |
| Free cash flow margin | −675.1% | 12.1% | −376.7% | −214.4% | −214.4% | −214.4% | −73.6% | −73.6% | −97.8% | −97.8% | 5.9% | 5.9% |
| Capex / revenue | 56.7% | 157.3% | 2,607.0% | 3.8% | 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.
OFAL cash generation
In fiscal 2026 (ended March 31, 2026), OFAL generated -$4.2 million of cash from operations and spent $0.6 million on capital expenditures, leaving free cash flow of -$4.8 million, −664.3% of revenue. It returned $0.0 million to shareholders through dividends ($0.0 million) and net share buybacks ($0). Cash and equivalents rose by $2.7 million over the year.
Related: OFAL income statement, OFAL balance sheet. See the OFAL stock overview for the latest quote and news.
OFAL cash flow FAQ
What is OFAL's free cash flow?
OFAL's free cash flow was -$4.8 million in fiscal 2026: -$4.2 million of operating cash flow minus $0.6 million of capital expenditures It was -$0.3 million a year earlier..
How much cash does OFAL generate from operations?
OFAL generated -$4.2 million of cash from operating activities in fiscal 2026.
How much does OFAL spend on capital expenditures?
OFAL spent $0.6 million on capital expenditures in fiscal 2026, 82.5% of revenue.
How much does OFAL pay in dividends?
OFAL paid $0.0 million in dividends in fiscal 2026.