Paradium AI, Inc. (PAAI) Cash Flow Statement
Where PAAI’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $39.2M
- Capital expenditures
- $9.6M 7.1% of revenue
- Free cash flow
- $29.7M 22.0% margin
- Returned to shareholders
- —
- Change in cash
- $6.0M cash at year-end $10.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
PAAI operating cash flow, capex and free cash flow
PAAI cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$11.3M2022 | $39.2M2025 | — | |
| Capital expenditures | $5.7M2022 | $9.6M2025 | +18.9%/yr | |
| Free cash flow | −$17.0M2022 | $29.7M2025 | — | |
| Free cash flow margin | −7.7%2022 | 22.0%2025 | +29.7 pts | |
| Stock-based compensation | $31.3M2022 | $485,0002025 | −75.1%/yr | |
| Capex / revenue | 2.6%2022 | 7.1%2025 | +4.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PAAI cash flow by activity
PAAI 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).
PAAI cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | $124.9M | −$100.7M | −$55.6M | −$70.9M |
| Depreciation & amortization | $8.9M | $12.1M | $27.7M | $27.1M |
| Stock-based compensation | $485,000 | $3.0M | $19.1M | $31.3M |
| Change in working capital | −$96.3M | $24.5M | −$24.6M | −$2.0M |
| Other non-cash items | $1.3M | $45.0M | $8.7M | $3.1M |
| Cash from operating activities | $39.2M | −$16.1M | −$24.8M | −$11.3M |
| Investing activities | ||||
| Capital expenditures | −$9.6M | −$5.2M | −$3.8M | −$5.7M |
| Investments (net) | — | — | $0 | $2.5M |
| Financing activities | ||||
| Net borrowing (repayment) | −$23.7M | $5.6M | $13.5M | $30.9M |
| Shares issued | $0 | $12.0M | $11.5M | $32.1M |
| Other financing | −$29,000 | −$1.3M | −$2.1M | −$8.5M |
| Cash from financing activities | −$23.7M | $16.3M | $22.9M | $54.4M |
| Summary | ||||
| Net change in cash | $6.0M | −$4.9M | −$5.1M | $4.5M |
| Cash at end of period | $10.3M | $4.4M | $9.3M | $14.4M |
| Free cash flow | $29.7M | −$21.3M | −$28.5M | −$17.0M |
| Free cash flow margin | 22.0% | −16.9% | −19.9% | −7.7% |
| Capex / revenue | 7.1% | 4.1% | 2.6% | 2.6% |
| Operating cash flow / net income | 0.31 | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$176,000 | −$2.7M | $5.3M | $6.9M | $108.6M | $4.0M |
| Depreciation & amortization | $2.0M | $1.9M | $2.4M | $2.3M | $2.0M | $2.2M |
| Stock-based compensation | $45,000 | $64,000 | $71,000 | $81,000 | $151,000 | $182,000 |
| Change in working capital | −$1.9M | $2.6M | $4.6M | $2.8M | −$100.8M | −$2.8M |
| Other non-cash items | $105,000 | $28,000 | $683,000 | $112,000 | $365,000 | $137,000 |
| Cash from operating activities | $90,000 | $2.0M | $13.1M | $12.2M | $10.3M | $3.7M |
| Investing activities | ||||||
| Capital expenditures | −$150,000 | −$1.1M | −$2.3M | −$3.7M | −$1.9M | −$1.6M |
| Financing activities | ||||||
| Share repurchases & issuance (net) | — | $0 | — | — | — | −$4,000 |
| Net borrowing (repayment) | $0 | $0 | −$13.0M | −$2.7M | −$4.5M | −$3.5M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | −$1,000 | −$12,000 | −$12,000 | $0 |
| Cash from financing activities | $0 | $0 | −$13.0M | −$2.7M | −$4.5M | −$3.5M |
| Summary | ||||||
| Net change in cash | −$60,000 | $892,000 | −$2.2M | $5.8M | $3.9M | −$1.5M |
| Cash at end of period | $11.2M | $11.2M | $10.3M | $12.5M | $6.8M | $2.9M |
| Free cash flow | −$60,000 | $892,000 | $10.8M | $8.4M | $8.4M | $2.0M |
| Free cash flow margin | −0.3% | 4.4% | 38.3% | 28.3% | 18.6% | 6.4% |
| Capex / revenue | 0.7% | 5.2% | 8.1% | 12.6% | 4.3% | 5.1% |
| Operating cash flow / net income | — | — | 2.46 | 1.77 | 0.09 | 0.91 |
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.
PAAI cash generation
In fiscal 2025 (ended December 31, 2025), Paradium AI generated $39.2 million of cash from operations and spent $9.6 million on capital expenditures, leaving free cash flow of $29.7 million, 22.0% of revenue. Cash and equivalents rose by $6.0 million over the year.
Related: PAAI income statement, PAAI balance sheet. See the PAAI stock overview for the latest quote and news.
PAAI cash flow FAQ
What is Paradium AI's free cash flow?
Paradium AI's free cash flow was $29.7 million in fiscal 2025: $39.2 million of operating cash flow minus $9.6 million of capital expenditures It was -$21.3 million a year earlier..
How much cash does Paradium AI generate from operations?
Paradium AI generated $39.2 million of cash from operating activities in fiscal 2025, 0.31 times its net income of $124.9 million.
How much does Paradium AI spend on capital expenditures?
Paradium AI spent $9.6 million on capital expenditures in fiscal 2025, 7.1% of revenue, compared with $5.2 million the year before.