Royalty Management Holding Corporation (RMCO) Cash Flow Statement
Where RMCO’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$8,952 −101.4% vs 2024
- Capital expenditures
- $55,500 1.1% of revenue
- Free cash flow
- −$64,452 −1.3% margin
- Returned to shareholders
- $217,191
- Change in cash
- $18,926 cash at year-end $328,414
Drawn to scale: where the cash came from and how it was used. Hover for values.
RMCO operating cash flow, capex and free cash flow
RMCO cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.4M2021 | −$8,9522025 | — | |
| Capital expenditures | $42021 | $55,5002025 | +985.3%/yr | |
| Free cash flow | −$1.4M2021 | −$64,4522025 | — | |
| Free cash flow margin | 241.5%2022 | −1.3%2025 | −242.8 pts | |
| Stock-based compensation | $63,7502022 | $27,6262025 | −24.3%/yr | |
| Dividends paid | $02024 | $112,1912025 | — | |
| Share buybacks (net) | $98.6M2022 | $105,0002025 | −89.8%/yr | |
| Capex / revenue | 4.4%2022 | 1.1%2025 | −3.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RMCO cash flow by activity
RMCO 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).
RMCO cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$726,890 | −$114,261 | −$2.1M | −$2.7M | $2.3M |
| Depreciation & amortization | $97,034 | $63,319 | $74,004 | $22,052 | — |
| Stock-based compensation | $27,626 | $6,906 | $5,000 | $63,750 | — |
| Change in working capital | −$253,629 | −$741,696 | −$19,091 | $313,594 | −$678,532 |
| Other non-cash items | $846,907 | $1.4M | $93,776 | $2.8M | −$3.0M |
| Cash from operating activities | −$8,952 | $646,290 | −$1.9M | $439,675 | −$1.4M |
| Investing activities | |||||
| Capital expenditures | −$55,500 | −$125,000 | −$3 | −$7,925 | −$4 |
| Investments (net) | — | −$18,646 | $6.9M | −$11.1M | — |
| Acquisitions & other investing | −$182,219 | $125,000 | — | $7.8M | −$106.1M |
| Cash from investing activities | −$237,719 | −$18,646 | — | −$3.3M | −$106.1M |
| Financing activities | |||||
| Dividends paid | −$112,191 | $0 | — | — | — |
| Share repurchases & issuance (net) | −$105,000 | −$28,687 | −$7.5M | −$98.6M | — |
| Net borrowing (repayment) | −$250,000 | −$661,755 | $1.2M | $3.5M | — |
| Shares issued | $732,788 | $0 | $984,227 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $98.6M | $107.8M |
| Cash from financing activities | $265,597 | −$690,442 | −$5.3M | $3.5M | $107.8M |
| Summary | |||||
| Net change in cash | $18,926 | −$62,798 | −$314,880 | $140,190 | $293,153 |
| Cash at end of period | $328,414 | $309,488 | $372,286 | $433,343 | $293,153 |
| Free cash flow | −$64,452 | $521,290 | −$1.9M | $431,750 | −$1.4M |
| Free cash flow margin | −1.3% | 64.6% | −529.1% | 241.5% | — |
| Capex / revenue | 1.1% | 15.5% | 0.0% | 4.4% | — |
| Operating cash flow / net income | — | — | — | — | −0.59 |
| 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 | $375,220 | −$652,358 | −$409,512 | −$209,095 | −$49,528 | −$58,755 | −$31,861 | −$112,471 | −$150,348 | $135,180 | −$739,950 | −$251,324 |
| Depreciation & amortization | $20,046 | $17,465 | $35,019 | $14,616 | $14,619 | $33,766 | $70,485 | $18,081 | $187 | $18,991 | $18,807 | $17,130 |
| Stock-based compensation | $17,244 | $17,243 | $6,907 | $6,906 | $6,907 | $6,906 | $6,906 | −$30,770 | $0 | $0 | — | — |
| Change in working capital | −$147,819 | −$143,558 | −$84,534 | −$2,704 | $179,460 | −$345,851 | $394,601 | $183,512 | $111,858 | −$629,655 | −$740,558 | $87,852 |
| Other non-cash items | −$374,052 | $659,243 | $498,151 | $212,210 | $98,746 | $36,814 | −$651,263 | $1.5M | −$20,602 | −$104,734 | −$345,274 | $123,481 |
| Cash from operating activities | −$109,361 | −$101,965 | $46,031 | $21,933 | $250,204 | −$327,120 | −$211,132 | $1.5M | −$58,905 | −$580,218 | −$1.8M | −$22,861 |
| Investing activities | ||||||||||||
| Capital expenditures | −$86,250 | −$20,965 | −$45,000 | −$3 | $0 | −$2 | −$37,614 | −$2 | −$18,806 | −$56,420 | $0 | −$1 |
| Investments (net) | — | — | — | −$15,104 | −$168,605 | −$5,722 | $190,428 | −$91,460 | −$26,194 | −$91,420 | $2.9M | $4.5M |
| Acquisitions & other investing | −$3,324 | −$114,181 | −$3,288 | $3 | $0 | $2 | — | −$34,920 | — | — | — | −$4.5M |
| Cash from investing activities | −$89,574 | −$135,146 | −$48,288 | −$15,104 | −$168,605 | −$5,722 | — | −$126,382 | — | — | — | $1,626 |
| Financing activities | ||||||||||||
| Dividends paid | −$37,898 | −$37,874 | −$37,853 | −$36,928 | −$37,410 | $0 | — | $0 | — | — | — | — |
| Share repurchases & issuance (net) | $0 | $0 | $0 | −$45,000 | −$30,000 | −$30,000 | $378,687 | −$19,095 | −$359,592 | $0 | −$3.6M | −$3.9M |
| Net borrowing (repayment) | $0 | $167,270 | $0 | −$250,000 | $0 | $0 | −$2,000 | −$1.3M | — | — | — | — |
| Shares issued | $150,000 | $318,600 | $0 | $351,545 | $0 | $381,243 | $0 | $1.1M | $0 | $350,000 | $984,227 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | $0 | −$378,687 | −$1.1M | $359,000 | $261,000 | $1.2M | $3.9M |
| Cash from financing activities | $112,102 | $447,996 | −$37,853 | $19,617 | −$67,410 | $351,243 | −$2,000 | −$1.3M | −$592 | $611,000 | −$1.4M | −$4,000 |
| Summary | ||||||||||||
| Net change in cash | −$86,833 | $210,885 | −$40,110 | $26,446 | $14,189 | $18,401 | −$22,704 | $106,234 | −$85,690 | $26,384 | $274,193 | $46,111 |
| Cash at end of period | $452,466 | $343,949 | $328,414 | $173,174 | $342,078 | $327,889 | $309,488 | $145,367 | $39,133 | $124,823 | $372,286 | $98,439 |
| Free cash flow | −$109,361 | −$122,930 | $1,031 | $21,930 | $250,204 | −$327,120 | −$173,518 | $1.5M | −$40,099 | −$636,638 | −$1.8M | −$22,860 |
| Free cash flow margin | −6.0% | −7.5% | 0.1% | 1.7% | 18.9% | −35.4% | −70.8% | 1,064.2% | −15.8% | −392.7% | −1,585.3% | −18.6% |
| Capex / revenue | 4.7% | 1.3% | 3.2% | 0.0% | 0.0% | 0.0% | 15.3% | 0.0% | 7.4% | 34.8% | 0.0% | 0.0% |
| Operating cash flow / net income | −0.29 | — | — | — | — | — | — | — | — | −4.29 | — | — |
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.
RMCO cash generation
In fiscal 2025 (ended December 31, 2025), Royalty Management generated -$0.0 million of cash from operations (down 101.4%) and spent $0.1 million on capital expenditures, leaving free cash flow of -$0.1 million, −1.3% of revenue. It returned $0.2 million to shareholders through dividends ($0.1 million) and net share buybacks ($0.1 million). Cash and equivalents rose by $0.0 million over the year.
Related: RMCO income statement, RMCO balance sheet, RMCO dividend history. See the RMCO stock overview for the latest quote and news.
RMCO cash flow FAQ
What is Royalty Management's free cash flow?
Royalty Management's free cash flow was -$0.1 million in fiscal 2025: -$0.0 million of operating cash flow minus $0.1 million of capital expenditures It was $0.5 million a year earlier..
How much cash does Royalty Management generate from operations?
Royalty Management generated -$0.0 million of cash from operating activities in fiscal 2025.
How much does Royalty Management spend on capital expenditures?
Royalty Management spent $0.1 million on capital expenditures in fiscal 2025, 1.1% of revenue, compared with $0.1 million the year before.
How much stock does Royalty Management buy back?
Royalty Management spent $0.1 million on net share repurchases in fiscal 2025.
How much does Royalty Management pay in dividends?
Royalty Management paid $0.1 million in dividends in fiscal 2025.