Palatin Technologies, Inc. (PTN) Cash Flow Statement
Where PTN’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$13.5M
- Capital expenditures
- $51,299 0.4% of revenue
- Free cash flow
- −$13.6M −103.0% margin
- Returned to shareholders
- —
- Change in cash
- $4.9M cash at year-end $7.5M
Cash from operations
−$13.5M
Other financing
+$18.5M
Change in cash
$4.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
PTN operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
PTN cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $12.9MFY2017 | −$13.5MFY2026 | — | |
| Capital expenditures | $133,403FY2017 | $51,299FY2026 | −10.1%/yr | |
| Free cash flow | $12.7MFY2017 | −$13.6MFY2026 | — | |
| Free cash flow margin | 28.5%FY2017 | −103.0%FY2026 | −131.5 pts | |
| Operating cash flow / net income | 0.07FY2018 | −0.61FY2019 | −0.68 | |
| Stock-based compensation | $1.8MFY2017 | $1.3MFY2026 | −3.1%/yr | |
| Dividends paid | $0FY2017 | $146,062FY2023 | — | |
| Share buybacks (net) | $0FY2017 | $0FY2025 | — | |
| Capex / revenue | 0.3%FY2017 | 0.4%FY2026 | +0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PTN cash flow by activity
OperatingInvestingFinancingChange in cash
PTN 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).
PTN cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$8.4M | −$17.3M | −$29.7M | −$27.5M | −$36.2M | −$33.6M | −$22.4M | $35.8M | $24.7M | −$13.3M |
| Depreciation & amortization | $62,679 | $258,917 | $339,075 | $288,331 | $126,668 | $51,121 | $64,203 | $58,635 | $56,569 | $33,051 |
| Stock-based compensation | $1.3M | $1.4M | $1.9M | $1.4M | $2.5M | $3.2M | $3.1M | $3.5M | $3.5M | $1.8M |
| Change in working capital | −$3.0M | −$758,791 | −$3.4M | −$2.4M | $3.4M | −$11.9M | $60.3M | −$61.1M | −$26.3M | $24.1M |
| Other non-cash items | −$3.6M | −$4.9M | −$530,255 | −$226,011 | $203,923 | $19.6M | $298,996 | $51,234 | −$324,507 | $298,790 |
| Cash from operating activities | −$13.5M | −$21.3M | −$31.5M | −$28.4M | −$29.9M | −$22.6M | $41.3M | −$21.8M | $1.7M | $12.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$51,299 | −$3 | −$42,526 | −$433,927 | −$261,374 | −$5,722 | −$62,880 | −$36,139 | −$22,451 | −$133,403 |
| Investments (net) | — | $3.1M | $12.5M | −$3.4M | −$261,374 | −$5,722 | −$62,880 | −$36,139 | $227,549 | $991,596 |
| Acquisitions & other investing | $0 | $3 | $42,526 | $433,927 | $261,374 | $5,722 | $62,880 | $36,139 | $22,451 | $133,403 |
| Cash from investing activities | −$51,299 | $3.1M | $12.5M | −$3.4M | −$261,374 | −$5,722 | −$62,880 | −$36,139 | $227,549 | $991,596 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | −$146,062 | −$221,311 | — | −$2.5M | −$115,763 | $0 | $0 |
| Share repurchases & issuance (net) | — | $11.4M | −$56,401 | −$146,062 | −$221,311 | −$93,638 | −$2.5M | −$115,763 | $3.8M | $24.0M |
| Net borrowing (repayment) | — | −$46,014 | −$106,392 | −$100,922 | −$56,463 | −$56,463 | −$832,851 | −$6.5M | −$8.0M | −$5.7M |
| Shares issued | $0 | $8.0M | $14.7M | $10.1M | $0 | $0 | $1.6M | $33.1M | $0 | $0 |
| Other financing | $18.5M | −$8.1M | $6.0M | $146,140 | $517,443 | $56,463 | $2.4M | $924,697 | $112,627 | −$2,708 |
| Cash from financing activities | $18.5M | $11.2M | $20.5M | $9.9M | $18,358 | −$93,638 | −$1.9M | $27.3M | −$4.1M | $18.3M |
| Summary | ||||||||||
| Net change in cash | $4.9M | −$7.0M | $1.5M | −$21.9M | −$30.2M | −$22.7M | $39.3M | $5.5M | −$2.2M | $32.2M |
| Cash at end of period | $7.5M | $2.6M | $9.5M | $8.0M | $29.9M | $60.1M | $82.9M | $43.5M | $38.0M | $40.2M |
| Free cash flow | −$13.6M | −$21.3M | −$31.5M | −$28.9M | −$30.2M | −$22.7M | $41.3M | −$21.8M | $1.7M | $12.7M |
| Free cash flow margin | −103.0% | — | −701.6% | −594.5% | −2,055.5% | — | 34,972.4% | −36.2% | 2.5% | 28.5% |
| Capex / revenue | 0.4% | — | 0.9% | 8.9% | 17.8% | — | 53.3% | 0.1% | 0.0% | 0.3% |
| Operating cash flow / net income | — | — | — | — | — | — | — | −0.61 | 0.07 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$4.4M | −$1.4M | −$7.3M | $4.7M | −$2.2M | −$4.8M | −$2.4M | −$7.8M | −$8.3M | −$8.4M | −$7.8M | −$5.9M |
| Depreciation & amortization | $16,952 | $16,952 | $14,388 | $14,387 | $52,993 | $53,304 | $71,830 | $80,790 | $81,960 | $85,055 | $84,703 | $87,357 |
| Stock-based compensation | $430,668 | $419,968 | $310,740 | $167,711 | $336,612 | $347,691 | $348,955 | $349,023 | $542,196 | $390,195 | $549,971 | $390,336 |
| Change in working capital | $1.2M | $266,809 | $2.1M | −$6.5M | $4,204 | −$647,532 | −$272,288 | $156,825 | $1.0M | −$113,813 | −$3.9M | −$424,500 |
| Other non-cash items | $63,770 | −$3.7M | $31,779 | $31,341 | −$2.3M | −$296,319 | −$2.6M | $220,798 | $113,284 | −$532,693 | $642,741 | −$71,187 |
| Cash from operating activities | −$2.7M | −$4.4M | −$4.8M | −$1.6M | −$4.1M | −$5.4M | −$4.8M | −$7.0M | −$6.5M | −$8.6M | −$10.5M | −$5.9M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$38,487 | −$12,818 | −$2 | −$2 | −$4 | −$4 | −$3 | −$4,911 | −$4 | −$37,615 | −$3 |
| Investments (net) | — | — | — | — | $630,000 | $0 | $2.5M | $0 | −$4,911 | $0 | $9.5M | $3.0M |
| Acquisitions & other investing | — | $4 | $2 | — | $2 | $2.5M | $4 | — | $4,911 | — | $37,615 | $3 |
| Cash from investing activities | — | −$38,483 | −$12,816 | — | $630,000 | $2.5M | $2.5M | — | −$4,911 | — | $9.5M | $3.0M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | $18.4M | $328,200 | $11.4M | $7.9M | — | −$99,482 | — | — | — | −$56,401 |
| Net borrowing (repayment) | — | $0 | $0 | $0 | $0 | $0 | −$18,527 | −$27,487 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $3.5M | $4.5M | $0 | $0 | $0 | $9.2M | $5.0M | $531,369 |
| Other financing | $22,500 | $138,878 | −$347,640 | $0 | −$11.4M | −$7.9M | $3.4M | $0 | $6.0M | −$26,771 | −$26,317 | −$26,074 |
| Cash from financing activities | $22,500 | $138,878 | $18.0M | $328,200 | $3.5M | $4.5M | $3.4M | −$126,969 | $6.0M | $9.1M | $5.0M | $448,894 |
| Summary | ||||||||||||
| Net change in cash | −$2.7M | −$4.3M | $13.2M | −$1.3M | $44,203 | −$896,542 | $1.0M | −$7.1M | −$486,692 | $528,836 | $4.0M | −$2.5M |
| Cash at end of period | $7.5M | $10.2M | $14.5M | $1.3M | $2.6M | $2.5M | $3.4M | $2.4M | $9.5M | $10.0M | $9.5M | $5.5M |
| Free cash flow | −$2.7M | −$4.5M | −$4.8M | −$1.6M | −$4.1M | −$5.4M | −$4.8M | −$7.0M | −$6.5M | −$8.6M | −$10.5M | −$5.9M |
| Free cash flow margin | −894.4% | −113.6% | −4,153.6% | −18.3% | — | — | — | — | −1,850.7% | — | −516.8% | −280.5% |
| Capex / revenue | 0.0% | 1.0% | 11.0% | 0.0% | — | — | — | — | 1.4% | — | 1.8% | 0.0% |
| Operating cash flow / net income | — | — | — | −0.35 | — | — | — | — | — | — | — | — |
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.
PTN cash generation
In fiscal 2026 (ended June 30, 2026), Palatin Technologies generated -$13.5 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$13.6 million, −103.0% of revenue. Cash and equivalents rose by $4.9 million over the year.
Related: PTN income statement, PTN balance sheet. See the PTN stock overview for the latest quote and news.
PTN cash flow FAQ
What is Palatin Technologies's free cash flow?
Palatin Technologies's free cash flow was -$13.6 million in fiscal 2026: -$13.5 million of operating cash flow minus $0.1 million of capital expenditures It was -$21.3 million a year earlier..
How much cash does Palatin Technologies generate from operations?
Palatin Technologies generated -$13.5 million of cash from operating activities in fiscal 2026.
How much does Palatin Technologies spend on capital expenditures?
Palatin Technologies spent $0.1 million on capital expenditures in fiscal 2026, 0.4% of revenue, compared with $0.0 million the year before.