Royce Global Value Trust Inc (RGT) Cash Flow Statement
Where RGT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $302,912 −98.5% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- $302,910 4.6% margin
- Returned to shareholders
- $673,044 222% of free cash flow
- Change in cash
- $1,127 cash at year-end $6,608
Drawn to scale: where the cash came from and how it was used. Hover for values.
RGT operating cash flow, capex and free cash flow
RGT cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $644,0152016 | $302,9122025 | −8.0%/yr | |
| Capital expenditures | $02016 | $02025 | — | |
| Free cash flow | $644,0152016 | $302,9102025 | −8.0%/yr | |
| Free cash flow margin | 62.0%2016 | 4.6%2025 | −57.3 pts | |
| Operating cash flow / net income | 0.062016 | 0.022025 | −0.05 | |
| Dividends paid | $1.4M2016 | $673,0442025 | −8.2%/yr | |
| Capex / revenue | 0.0%2016 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RGT cash flow by activity
RGT 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).
RGT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $18.9M | $65.9M | $10.3M | −$24.3M | $12.7M | $24.5M | $384.5M | −$21.0M | $31.0M | $9.9M |
| Change in working capital | $16,042 | $216,174 | −$30,510 | $98,074 | −$53,111 | $81,203 | $603,190 | −$245,387 | $104,778 | $43,005 |
| Other non-cash items | −$18.6M | −$46.6M | −$9.7M | $24.6M | −$1.6M | $59.0M | −$335.0M | $21.5M | −$30.6M | −$9.3M |
| Cash from operating activities | $302,912 | $19.6M | $599,259 | $442,527 | $11.1M | $83.6M | $50.1M | $261,546 | $456,006 | $644,015 |
| Investing activities | ||||||||||
| Capital expenditures | $0 | −$5 | −$3 | $0 | −$3 | −$4 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $8.3M | $1.8M | $2.1M | −$2.4M | $2.9M | $86.8M | $7.5M | −$8.7M | $2.7M | $5.5M |
| Cash from investing activities | $8.3M | $1.8M | $2.1M | −$2.4M | $2.9M | $86.8M | $7.5M | −$8.7M | $2.7M | $5.5M |
| Financing activities | ||||||||||
| Dividends paid | −$673,044 | −$19.7M | −$462,988 | −$440,373 | −$7.1M | −$12.5M | −$105.8M | −$418,468 | −$1.1M | −$1.4M |
| Share repurchases & issuance (net) | — | — | — | — | — | −$75.8M | — | — | — | — |
| Net borrowing (repayment) | −$2.0M | — | — | — | −$4.0M | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $4.7M | $55.7M | $172,659 | $491,130 | $559,946 |
| Cash from financing activities | −$2.7M | −$19.7M | −$462,988 | −$440,373 | −$11.1M | −$83.6M | −$50.1M | −$245,809 | −$654,567 | −$888,340 |
| Summary | ||||||||||
| Net change in cash | $1,127 | −$57,451 | $136,271 | $2,154 | −$9,269 | $11,992 | $7,611 | $15,737 | −$198,561 | $195,000 |
| Cash at end of period | $6,608 | $37,945 | $141,645 | $5,374 | $3,220 | $12,489 | $7,611 | $16,334 | $597 | $199,158 |
| Free cash flow | $302,910 | $19.6M | $599,259 | $442,527 | $11.1M | $83.6M | $50.1M | $261,546 | $456,006 | $644,015 |
| Free cash flow margin | 4.6% | 1,042.7% | 0.2% | — | 84.4% | 334.5% | 145.1% | — | 1.5% | 62.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Operating cash flow / net income | 0.02 | 0.30 | 0.06 | — | 0.87 | 3.41 | 0.13 | — | 0.01 | 0.06 |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $12.8M | $7.9M | $11.0M | $3.3M | $23.7M | $6.1M | $4.3M | $1.5M | −$25.8M | $4.8M | $7.9M | $34.4M |
| Change in working capital | −$12,055 | $48,025 | −$31,982 | −$77,743 | $149,690 | −$53,423 | $22,913 | $95,037 | $3,037 | $25,401 | −$78,512 | $90,930 |
| Other non-cash items | −$12.6M | −$7.9M | −$10.7M | −$3.0M | −$23.9M | −$6.5M | −$4.2M | −$1.1M | $25.9M | −$5.0M | −$7.8M | −$34.6M |
| Cash from operating activities | $192,443 | $71,983 | $230,929 | $267,072 | −$107,557 | −$519,158 | $156,715 | $512,375 | $79,293 | −$193,884 | $61,751 | −$160,403 |
| Investing activities | ||||||||||||
| Capital expenditures | −$3 | −$3 | $0 | −$2 | −$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $1.3M | $2.6M | $5.7M | −$11.4M | $13.2M | $2.6M | −$492,465 | −$869,716 | −$1.5M | −$2.4M | $5.3M | $91.2M |
| Cash from investing activities | $1.3M | $2.6M | $5.7M | −$11.4M | $13.2M | $2.6M | −$492,465 | −$869,716 | −$1.5M | −$2.4M | $5.3M | $91.2M |
| Financing activities | ||||||||||||
| Dividends paid | — | −$673,044 | — | −$7.5M | −$8.8M | −$462,988 | — | −$440,373 | — | −$7.1M | $0 | −$12.5M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | — | — | — | −$75.8M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | — | $0 | −$2.0M | $12.9M | $0 | $0 | — | $0 | — | $0 | −$4.0M | $4.7M |
| Cash from financing activities | — | −$673,044 | −$2.0M | $5.5M | −$8.8M | −$462,988 | — | −$440,373 | — | −$7.1M | −$4.0M | −$83.6M |
| Summary | ||||||||||||
| Net change in cash | $1,927 | −$4,313 | $5,440 | −$17,214 | −$118,950 | $124,891 | $11,380 | $1,197 | $957 | −$9.7M | $1.4M | $9,471 |
| Cash at end of period | $8,535 | $6,608 | $10,921 | $5,481 | $22,695 | $141,645 | $16,754 | $5,374 | $4,177 | $3,220 | $1.4M | $12,489 |
| Free cash flow | $192,440 | $71,980 | $230,930 | $267,070 | −$107,560 | −$519,158 | $156,715 | $512,375 | $79,293 | −$193,884 | $61,751 | −$160,403 |
| Free cash flow margin | 1.1% | 3.6% | 5.1% | — | −0.5% | — | 9.3% | — | 4.1% | — | 0.6% | −0.6% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | — | 0.0% | — | 0.0% | — | 0.0% | 0.0% |
| Operating cash flow / net income | 0.02 | 0.01 | 0.02 | 0.08 | −0.00 | −0.09 | 0.04 | 0.33 | — | −0.04 | 0.01 | −0.00 |
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.
RGT cash generation
In fiscal 2025 (ended December 31, 2025), Royce Global Value generated $0.3 million of cash from operations (down 98.5%) and spent $0 on capital expenditures, leaving free cash flow of $0.3 million, 4.6% of revenue. It returned $0.7 million to shareholders through dividends ($0.7 million) and net share buybacks ($0). Cash and equivalents rose by $0.0 million over the year.
Related: RGT income statement, RGT balance sheet, RGT dividend history. See the RGT stock overview for the latest quote and news.
RGT cash flow FAQ
What is Royce Global Value's free cash flow?
Royce Global Value's free cash flow was $0.3 million in fiscal 2025: $0.3 million of operating cash flow minus $0 of capital expenditures It was $19.6 million a year earlier..
How much cash does Royce Global Value generate from operations?
Royce Global Value generated $0.3 million of cash from operating activities in fiscal 2025, 0.02 times its net income of $18.9 million.
How much does Royce Global Value pay in dividends?
Royce Global Value paid $0.7 million in dividends in fiscal 2025, 222.2% of free cash flow.