Syntec Optics Holdings, Inc. (OPTX) Cash Flow Statement
Where OPTX’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $672,635 −75.9% vs 2023
- Capital expenditures
- $644,292 2.3% of revenue
- Free cash flow
- $28,343 0.1% margin
- Returned to shareholders
- —
- Change in cash
- −$239,920 cash at year-end $358,867
Drawn to scale: where the cash came from and how it was used. Hover for values.
OPTX operating cash flow, capex and free cash flow
OPTX cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $4.1M2021 | $672,6352025 | −45.3%/yr | |
| Capital expenditures | $4.0M2021 | $644,2922025 | −45.7%/yr | |
| Free cash flow | $85,7642021 | $28,3432025 | −30.9%/yr | |
| Free cash flow margin | 0.3%2021 | 0.1%2025 | −0.2 pts | |
| Operating cash flow / net income | 1.262021 | 1.412023 | +0.15 | |
| Dividends paid | $200,0002021 | $62,0652023 | −44.3%/yr | |
| Capex / revenue | 15.1%2021 | 2.3%2025 | −12.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPTX cash flow by activity
OPTX 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).
OPTX cash flow statement
| 2025 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$1.8M | $2.0M | −$434,569 | $3.3M |
| Depreciation & amortization | $2.6M | $2.8M | $3.1M | $3.2M |
| Stock-based compensation | $300,000 | — | — | — |
| Change in working capital | −$999,346 | −$565,823 | $51,630 | −$867,968 |
| Other non-cash items | $551,979 | −$1.4M | −$828,947 | −$1.5M |
| Cash from operating activities | $672,635 | $2.8M | $1.9M | $4.1M |
| Investing activities | ||||
| Capital expenditures | −$644,292 | −$1.9M | −$1.2M | −$4.0M |
| Investments (net) | — | −$1.9M | −$685,428 | −$4.0M |
| Acquisitions & other investing | $0 | $1.9M | $1.2M | $4.0M |
| Cash from investing activities | −$644,292 | −$1.9M | −$685,428 | −$4.0M |
| Financing activities | ||||
| Dividends paid | — | −$62,065 | −$280,770 | −$200,000 |
| Net borrowing (repayment) | −$268,263 | −$1.0M | −$2.7M | −$263,319 |
| Shares issued | $0 | $0 | $0 | $0 |
| Other financing | $0 | $1.8M | $0 | $0 |
| Cash from financing activities | −$268,263 | $761,023 | −$3.0M | −$463,319 |
| Summary | ||||
| Net change in cash | −$239,920 | $1.6M | −$1.8M | −$403,889 |
| Cash at end of period | $358,867 | $2.2M | $526,182 | $2.3M |
| Free cash flow | $28,343 | $871,040 | $687,078 | $85,764 |
| Free cash flow margin | 0.1% | 3.0% | 2.5% | 0.3% |
| Capex / revenue | 2.3% | 6.5% | 4.5% | 15.1% |
| Operating cash flow / net income | — | 1.41 | — | 1.26 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$588,074 | −$897,857 | −$1.5M | −$1.4M | −$13,289 | $281,843 | −$1.2M | $2.5M | $353,980 | $567,765 | $53,022 | $618,082 |
| Depreciation & amortization | $532,482 | $539,682 | $579,294 | $646,506 | $737,000 | $690,200 | $695,800 | $2.8M | $692,000 | $681,100 | $723,938 | — |
| Stock-based compensation | $150,000 | $75,000 | $300,000 | $450,000 | — | — | — | — | — | — | — | — |
| Change in working capital | −$986,888 | $641,123 | −$844,007 | $1.1M | −$320,860 | −$2.3M | $219,201 | −$1.0M | −$379,472 | −$945,491 | −$75,559 | $373,173 |
| Other non-cash items | $785,125 | $111,663 | $1.5M | −$264,356 | $14,434 | −$400,121 | $4,301 | −$899,794 | −$149,315 | −$242,465 | −$174,662 | −$1.2M |
| Cash from operating activities | −$107,355 | $469,611 | −$3,894 | $535,288 | $417,285 | −$1.7M | −$289,841 | $3.3M | $517,193 | $60,909 | $526,739 | −$207,392 |
| Investing activities | ||||||||||||
| Capital expenditures | −$1.1M | −$294,325 | −$1.5M | −$39,038 | −$373,465 | −$159,548 | −$95,219 | −$1.9M | −$151,333 | −$601,429 | −$226,869 | −$2 |
| Investments (net) | — | — | — | −$39,036 | −$373,462 | $149,451 | −$95,218 | −$941,552 | −$151,331 | −$601,428 | −$226,871 | — |
| Acquisitions & other investing | $143,534 | $0 | $1.5M | $39,038 | $373,465 | $159,548 | $95,219 | $941,551 | $151,333 | $601,429 | $226,869 | — |
| Cash from investing activities | −$926,951 | −$294,325 | −$484 | −$39,036 | −$373,462 | $149,451 | −$95,218 | −$1.9M | −$151,331 | −$601,428 | −$226,871 | — |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | $0 | $0 | $0 | −$62,065 | $0 | −$15,959 | −$46,106 | — |
| Net borrowing (repayment) | −$6.9M | $82,854 | −$214,679 | −$205,413 | −$397,518 | −$409,626 | $1.0M | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $45.1M | $0 | $0 | $0 | $0 | $1.1M | −$1.1M | $83,027 | −$323,717 | $84,092 | −$246,380 | $134,884 |
| Cash from financing activities | $38.2M | $82,854 | −$214,679 | −$205,413 | −$397,518 | $690,762 | −$88,878 | $20,962 | −$323,717 | $68,133 | −$292,486 | $134,884 |
| Summary | ||||||||||||
| Net change in cash | $37.2M | $258,140 | −$219,057 | $290,839 | −$353,695 | −$853,829 | −$473,937 | $1.8M | −$142,662 | $460,688 | −$110,434 | −$72,506 |
| Cash at end of period | $37.8M | $617,007 | $358,867 | $577,924 | $476,784 | $830,479 | $1.7M | $2.2M | $325,098 | $467,760 | $7,072 | $117,506 |
| Free cash flow | −$1.2M | $175,286 | −$1.5M | $496,250 | $43,820 | −$1.9M | −$385,060 | $1.4M | $365,860 | −$540,520 | $299,870 | −$207,390 |
| Free cash flow margin | −14.2% | 2.7% | −19.6% | 7.1% | 0.6% | −26.5% | −6.2% | 17.0% | 5.5% | −7.0% | 4.4% | −2.9% |
| Capex / revenue | 12.9% | 4.5% | 19.5% | 0.6% | 4.7% | 2.3% | 1.5% | 23.2% | 2.3% | 7.8% | 3.3% | 0.0% |
| Operating cash flow / net income | — | — | — | — | — | −6.01 | — | 1.35 | 1.46 | 0.11 | 9.93 | −0.34 |
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.
OPTX cash generation
In fiscal 2025 (ended December 31, 2025), Syntec Optics generated $0.7 million of cash from operations (down 75.9%) and spent $0.6 million on capital expenditures, leaving free cash flow of $0.0 million, 0.1% of revenue. Cash and equivalents fell by $0.2 million over the year.
Related: OPTX income statement, OPTX balance sheet. See the OPTX stock overview for the latest quote and news.
OPTX cash flow FAQ
What is Syntec Optics's free cash flow?
Syntec Optics's free cash flow was $0.0 million in fiscal 2025: $0.7 million of operating cash flow minus $0.6 million of capital expenditures It was $0.9 million a year earlier..
How much cash does Syntec Optics generate from operations?
Syntec Optics generated $0.7 million of cash from operating activities in fiscal 2025.
How much does Syntec Optics spend on capital expenditures?
Syntec Optics spent $0.6 million on capital expenditures in fiscal 2025, 2.3% of revenue, compared with $1.9 million the year before.