Robin Energy Ltd. (RBNE) Cash Flow Statement
Where RBNE’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $11.5M +66.5% vs 2024
- Capital expenditures
- $43.0M 434.0% of revenue
- Free cash flow
- −$31.5M −318.1% margin
- Returned to shareholders
- $431,045
- Change in cash
- $6.6M cash at year-end $6.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
RBNE operating cash flow, capex and free cash flow
RBNE cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $5.5M2022 | $11.5M2025 | +28.2%/yr | |
| Capital expenditures | $479,0752022 | $43.0M2025 | +347.7%/yr | |
| Free cash flow | $5.0M2022 | −$31.5M2025 | — | |
| Free cash flow margin | 31.8%2022 | −318.1%2025 | −349.9 pts | |
| Operating cash flow / net income | 0.632022 | 6.562024 | +5.93 | |
| Dividends paid | $02023 | $283,7122025 | — | |
| Share buybacks (net) | $02023 | $147,3332025 | — | |
| Capex / revenue | 3.1%2022 | 434.0%2025 | +430.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RBNE cash flow by activity
RBNE 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).
RBNE cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | −$50,946 | $1.1M | $15.4M | $8.6M |
| Depreciation & amortization | $2.1M | $1.2M | $1.5M | $1.4M |
| Change in working capital | $7.8M | $6.1M | −$13.9M | −$4.6M |
| Other non-cash items | $1.6M | −$1.4M | −$9.3M | $0 |
| Cash from operating activities | $11.5M | $6.9M | −$6.3M | $5.5M |
| Investing activities | ||||
| Capital expenditures | −$43.0M | −$71,786 | −$766,887 | −$479,075 |
| Investments (net) | −$5.0M | −$71,786 | $16.4M | −$479,075 |
| Acquisitions & other investing | −$642,887 | $71,786 | $766,887 | $479,075 |
| Cash from investing activities | −$48.6M | −$71,786 | $16.4M | −$479,075 |
| Financing activities | ||||
| Dividends paid | −$283,712 | $0 | $0 | — |
| Share repurchases & issuance (net) | −$147,333 | $0 | $0 | — |
| Shares issued | $32.8M | $0 | $0 | $0 |
| Other financing | $11.2M | −$6.8M | −$14.9M | −$626,987 |
| Cash from financing activities | $43.5M | −$6.8M | −$14.9M | −$626,987 |
| Summary | ||||
| Net change in cash | $6.6M | $18 | −$4.8M | $4.3M |
| Cash at end of period | $6.6M | $369 | $351 | $4.8M |
| Free cash flow | −$31.5M | $6.8M | −$7.1M | $5.0M |
| Free cash flow margin | −318.1% | 100.8% | −45.5% | 31.8% |
| Capex / revenue | 434.0% | 1.1% | 4.9% | 3.1% |
| Operating cash flow / net income | — | 6.56 | −0.41 | 0.63 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $6.5M | $614,169 | −$703,651 | $224,726 | — | −$197,011 | −$197,011 | −$113,826 | $10.1M | $1.6M |
| Depreciation & amortization | $671,071 | $1.0M | $919,287 | $477,579 | $366,808 | $370,893 | $370,893 | $333,951 | $231,059 | $409,147 |
| Change in working capital | $574,926 | $2.0M | −$3.4M | −$1.4M | $12.5M | −$204,122 | −$204,122 | $273,433 | −$3.8M | −$2.1M |
| Other non-cash items | −$6.7M | $992,884 | $1.1M | $134,618 | — | −$322,230 | −$322,230 | −$947,285 | −$8.4M | −$92,981 |
| Cash from operating activities | $990,949 | $4.6M | −$2.1M | −$526,846 | $13.4M | −$352,470 | −$352,470 | −$453,727 | −$1.9M | −$188,637 |
| Investing activities | ||||||||||
| Capital expenditures | −$20,949 | −$116,995 | $0 | −$44.5M | $0 | −$1,566 | −$1,566 | −$33,148 | −$31,743 | −$2,429 |
| Investments (net) | — | — | $0 | −$43.1M | — | — | −$1,566 | −$33,148 | $17.2M | −$2,429 |
| Acquisitions & other investing | $14.3M | $3 | — | $37.2M | — | $0 | $1,566 | $33,148 | $31,743 | $2,429 |
| Cash from investing activities | $14.3M | −$116,992 | — | −$50.4M | — | −$1,566 | −$1,566 | −$33,148 | $17.2M | −$2,429 |
| Financing activities | ||||||||||
| Dividends paid | −$144,436 | −$146,240 | −$125,000 | −$146,116 | −$1,389 | $0 | — | — | — | — |
| Share repurchases & issuance (net) | −$3.5M | −$151,949 | — | — | — | — | — | — | — | — |
| Shares issued | $0 | $14.8M | $7.0M | $8.6M | $17.2M | $0 | $0 | $0 | $0 | $0 |
| Other financing | $2.3M | $2.0M | −$1.8M | $809,297 | $8.8M | $354,087 | $354,087 | $486,825 | −$15.3M | $191,066 |
| Cash from financing activities | −$1.4M | $16.6M | $5.1M | $9.3M | $26.0M | $354,087 | $354,087 | $486,825 | −$15.3M | $191,066 |
| Summary | ||||||||||
| Net change in cash | $13.6M | $20.6M | $3.0M | −$43.1M | $39.4M | $51 | $51 | −$50 | −$17 | $0 |
| Cash at end of period | $40.9M | $27.3M | $5.6M | $3.1M | $39.4M | $369 | $369 | $318 | $351 | $368 |
| Free cash flow | $970,000 | $4.5M | −$2.1M | −$45.0M | $13.4M | −$354,036 | −$354,036 | −$486,875 | −$1.9M | −$191,066 |
| Free cash flow margin | 32.1% | 71.1% | −47.5% | −2,294.7% | — | −27.1% | −27.1% | −33.8% | — | −5.1% |
| Capex / revenue | 0.7% | 1.9% | 0.0% | 2,267.9% | — | 0.1% | 0.1% | 2.3% | — | 0.1% |
| Operating cash flow / net income | 0.15 | 7.47 | — | −2.34 | — | — | — | — | −0.18 | −0.12 |
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.
RBNE cash generation
In fiscal 2025 (ended December 31, 2025), Robin Energy generated $11.5 million of cash from operations (up 66.5%) and spent $43.0 million on capital expenditures, leaving free cash flow of -$31.5 million, −318.1% of revenue. It returned $0.4 million to shareholders through dividends ($0.3 million) and net share buybacks ($0.1 million). Cash and equivalents rose by $6.6 million over the year.
Related: RBNE income statement, RBNE balance sheet. See the RBNE stock overview for the latest quote and news.
RBNE cash flow FAQ
What is Robin Energy's free cash flow?
Robin Energy's free cash flow was -$31.5 million in fiscal 2025: $11.5 million of operating cash flow minus $43.0 million of capital expenditures It was $6.8 million a year earlier..
How much cash does Robin Energy generate from operations?
Robin Energy generated $11.5 million of cash from operating activities in fiscal 2025.
How much does Robin Energy spend on capital expenditures?
Robin Energy spent $43.0 million on capital expenditures in fiscal 2025, 434.0% of revenue, compared with $0.1 million the year before.
How much stock does Robin Energy buy back?
Robin Energy spent $0.1 million on net share repurchases in fiscal 2025.
How much does Robin Energy pay in dividends?
Robin Energy paid $0.3 million in dividends in fiscal 2025.