ReTo Eco-Solutions, Inc. (RETO) Cash Flow Statement
Where RETO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$4.3M −241.1% vs 2024
- Capital expenditures
- $113,125 3.4% of revenue
- Free cash flow
- −$4.5M −132.1% margin
- Returned to shareholders
- —
- Change in cash
- −$415,368 cash at year-end $255,987
Drawn to scale: where the cash came from and how it was used. Hover for values.
RETO operating cash flow, capex and free cash flow
RETO cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $3.9M2016 | −$4.3M2025 | — | |
| Capital expenditures | $9.4M2016 | $113,1252025 | −38.8%/yr | |
| Free cash flow | −$5.4M2016 | −$4.5M2025 | — | |
| Free cash flow margin | −16.8%2016 | −132.1%2025 | −115.4 pts | |
| Operating cash flow / net income | 0.962016 | −0.352018 | −1.31 | |
| Stock-based compensation | $2.0M2018 | $02025 | −100.0% | |
| Dividends paid | $3.5M2016 | $1.8M2017 | −47.2%/yr | |
| Share buybacks (net) | $3.5M2016 | $1.8M2017 | −47.2%/yr | |
| Capex / revenue | 28.9%2016 | 3.4%2025 | −25.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RETO cash flow by activity
RETO 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).
RETO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$12.6M | −$8.3M | −$6.5M | −$6.5M | −$19.5M | −$4.2M | −$12.3M | $2.6M | $6.0M | $4.1M |
| Depreciation & amortization | $413,725 | $40,802 | $8,781 | $1.1M | $1.1M | $869,725 | $2.4M | $1.6M | $1.6M | $1.4M |
| Stock-based compensation | $0 | $2.4M | $4.9M | $4.0M | $1.9M | $772,125 | $168,000 | $2.0M | — | — |
| Change in working capital | −$1.8M | $5.4M | $521,374 | −$2.8M | $2.3M | $2.6M | −$3.0M | −$6.7M | −$6.4M | −$3.0M |
| Other non-cash items | $9.7M | $3.6M | −$10.5M | −$5.8M | $11.4M | $197,064 | $12.9M | −$336,564 | $1.4M | $1.5M |
| Cash from operating activities | −$4.3M | $3.1M | −$11.6M | −$10.0M | −$2.8M | $247,948 | $86,834 | −$903,883 | $2.5M | $3.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$113,125 | −$7.4M | −$47,226 | −$1.5M | −$17,688 | −$64,758 | −$1.5M | −$9.3M | −$4.6M | −$9.4M |
| Investments (net) | — | −$33.6M | $351,683 | $4.2M | −$1.7M | −$2.6M | −$73,635 | −$11.5M | −$7.4M | −$9.3M |
| Acquisitions & other investing | −$2.0M | $7.4M | $47,226 | −$478,288 | $17,688 | $3.7M | $1.5M | $9.3M | $4.6M | $11.6M |
| Cash from investing activities | −$2.2M | −$33.6M | $351,683 | $2.3M | −$1.7M | $944,401 | −$73,635 | −$11.5M | −$7.4M | −$7.1M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | −$1.8M | −$3.5M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | −$1.8M | −$3.5M |
| Net borrowing (repayment) | $4.6M | $334,611 | −$35,159 | $2.3M | $2.3M | −$1.9M | −$290,536 | $3.5M | −$4.0M | $432,461 |
| Shares issued | $1.4M | $29.4M | $6.6M | $3.6M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $47,457 | $5.9M | $815,814 | $1.8M | $724,000 | −$256,947 | −$32,771 | $21.8M | $10.9M |
| Cash from financing activities | $6.0M | $29.8M | $12.5M | $6.7M | $4.0M | −$1.2M | −$547,483 | $3.5M | $14.2M | $4.4M |
| Summary | ||||||||||
| Net change in cash | −$415,368 | −$742,314 | $1.3M | −$343,600 | −$600,643 | $76,620 | −$577,451 | −$9.3M | $9.0M | $1.1M |
| Cash at end of period | $255,987 | $671,355 | $1.4M | $113,895 | $457,495 | $1.1M | $985,715 | $1.5M | $10.9M | $1.8M |
| Free cash flow | −$4.5M | −$4.3M | −$11.6M | −$11.4M | −$2.8M | $183,190 | −$1.4M | −$10.2M | −$2.1M | −$5.4M |
| Free cash flow margin | −132.1% | −236.0% | −107,948.9% | −176.3% | −77.3% | 2.2% | −4.6% | −34.7% | −5.9% | −16.8% |
| Capex / revenue | 3.4% | 404.2% | 438.0% | 22.5% | 0.5% | 0.8% | 4.9% | 31.6% | 13.0% | 28.9% |
| Operating cash flow / net income | — | — | — | — | — | — | — | −0.35 | 0.42 | 0.96 |
| Mar '26 | Dec '25 | Sep '25 | Sep '24 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −$11.0M | −$11.0M | −$1.4M | −$485,486 | −$9.0M | −$4.5M | −$4.5M | −$5.7M | −$11.1M |
| Depreciation & amortization | $237,665 | $237,665 | $176,060 | $11,966 | $431,508 | $112,272 | $112,272 | $668,446 | $557,243 |
| Stock-based compensation | — | — | — | — | $3.2M | — | — | $4.0M | $911,062 |
| Change in working capital | −$1.6M | −$1.6M | −$282,315 | −$9.9M | $4.6M | — | — | −$7.4M | $1.5M |
| Other non-cash items | $9.5M | $9.5M | −$110,195 | $5.6M | $58,898 | $4.0M | $4.0M | −$879,559 | $6.4M |
| Cash from operating activities | −$2.7M | −$2.7M | −$1.6M | −$4.8M | −$691,426 | −$345,713 | −$345,713 | −$9.3M | −$1.8M |
| Investing activities | |||||||||
| Capital expenditures | −$59,245 | −$59,245 | −$53,889 | −$2 | −$1.3M | −$8,646 | −$8,646 | −$166,841 | −$372,731 |
| Acquisitions & other investing | −$2.1M | −$2.1M | $24,053 | −$4.0M | −$247,384 | −$101,083 | −$101,083 | $4.0M | −$980,453 |
| Cash from investing activities | −$2.1M | −$2.1M | −$29,836 | −$4.0M | −$1.5M | −$109,729 | −$109,729 | $3.8M | −$1.4M |
| Financing activities | |||||||||
| Dividends paid | — | — | — | — | −$76,825 | — | — | — | — |
| Share repurchases & issuance (net) | — | — | — | — | −$76,826 | — | — | — | — |
| Net borrowing (repayment) | — | — | — | — | — | $490,415 | $490,415 | $654,486 | $654,486 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $2.4M | $2.4M | $3.6M | $9.3M | $1.6M | −$433,884 | −$433,884 | $4.6M | $2.9M |
| Cash from financing activities | $2.4M | $2.4M | $3.6M | $9.3M | $1.4M | $56,531 | $56,531 | $5.3M | $3.6M |
| Summary | |||||||||
| Net change in cash | −$2.2M | −$2.2M | $907,488 | $138,786 | −$718,494 | −$359,247 | −$359,247 | $374,894 | $220,662 |
| Cash at end of period | $255,987 | $255,987 | $2.5M | $1.6M | $113,895 | $832,389 | — | $832,389 | $457,495 |
| Free cash flow | −$2.8M | −$2.8M | −$1.7M | −$4.8M | −$2.0M | −$354,359 | −$354,359 | −$9.4M | −$1.4M |
| Free cash flow margin | −120.7% | −120.7% | −157.4% | −618.9% | −55.2% | — | — | −326.6% | −107.4% |
| Capex / revenue | 2.6% | 2.6% | 5.1% | 0.0% | 35.9% | — | — | 5.8% | 28.3% |
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.
RETO cash generation
In fiscal 2025 (ended December 31, 2025), ReTo Eco-Solutions generated -$4.3 million of cash from operations (down 241.1%) and spent $0.1 million on capital expenditures, leaving free cash flow of -$4.5 million, −132.1% of revenue. Cash and equivalents fell by $0.4 million over the year.
Related: RETO income statement, RETO balance sheet. See the RETO stock overview for the latest quote and news.
RETO cash flow FAQ
What is ReTo Eco-Solutions's free cash flow?
ReTo Eco-Solutions's free cash flow was -$4.5 million in fiscal 2025: -$4.3 million of operating cash flow minus $0.1 million of capital expenditures It was -$4.3 million a year earlier..
How much cash does ReTo Eco-Solutions generate from operations?
ReTo Eco-Solutions generated -$4.3 million of cash from operating activities in fiscal 2025.
How much does ReTo Eco-Solutions spend on capital expenditures?
ReTo Eco-Solutions spent $0.1 million on capital expenditures in fiscal 2025, 3.4% of revenue, compared with $7.4 million the year before.