Top Win International Limited (SORA) Cash Flow Statement
Where SORA’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$554,392
- Capital expenditures
- $618 0.0% of revenue
- Free cash flow
- −$555,010 −39.4% margin
- Returned to shareholders
- —
- Change in cash
- −$200,725 cash at year-end $188,139
Drawn to scale: where the cash came from and how it was used. Hover for values.
SORA operating cash flow, capex and free cash flow
SORA cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$2.2M2022 | −$554,3922025 | — | |
| Capital expenditures | $02022 | $6182025 | — | |
| Free cash flow | −$2.2M2022 | −$555,0102025 | — | |
| Free cash flow margin | −15.2%2022 | −39.4%2025 | −24.2 pts | |
| Operating cash flow / net income | −29.982022 | −0.352025 | +29.63 | |
| Dividends paid | $446,9672022 | $02024 | −100.0% | |
| Capex / revenue | 0.0%2022 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SORA cash flow by activity
SORA 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).
SORA cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | $1.6M | −$42,219 | $196,727 | $71,990 |
| Depreciation & amortization | $12,539 | $1,210 | $1,712 | $2,265 |
| Change in working capital | −$335,581 | −$157,138 | $1.2M | −$1.9M |
| Other non-cash items | −$1.8M | −$264,848 | −$10,714 | −$319,434 |
| Cash from operating activities | −$554,392 | −$462,995 | $1.4M | −$2.2M |
| Investing activities | ||||
| Capital expenditures | −$618 | −$4 | −$4 | $0 |
| Investments (net) | −$9.5M | $0 | $0 | — |
| Acquisitions & other investing | $7.5M | — | — | — |
| Cash from investing activities | −$1.9M | — | — | — |
| Financing activities | ||||
| Dividends paid | — | $0 | $0 | −$446,967 |
| Net borrowing (repayment) | $9.0M | −$623,555 | −$76,810 | $1.9M |
| Shares issued | $9.3M | $2.0M | $0 | $0 |
| Other financing | −$16.0M | $589,867 | −$968,861 | $523,854 |
| Cash from financing activities | $2.3M | $2.0M | −$1.0M | $2.0M |
| Summary | ||||
| Net change in cash | −$200,725 | $1.5M | $313,419 | −$175,886 |
| Cash at end of period | $188,139 | $3.0M | $1.5M | $1.2M |
| Free cash flow | −$555,010 | −$462,995 | $1.4M | −$2.2M |
| Free cash flow margin | −39.4% | −2.6% | 7.2% | −15.2% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | −0.35 | — | 6.91 | −29.98 |
| Sep '26 | Mar '26 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$82,907 | $12.3M | −$563,147 | $175,904 | $175,904 | $87,952 | −$218,123 | −$109,062 | −$74,851 | −$37,425 | $271,578 | $35,995 |
| Depreciation & amortization | $14,770 | $12,453 | $629 | $595 | $595 | $297 | $615 | $308 | $642 | $321 | $1,070 | $1,132 |
| Change in working capital | $59,152 | −$2.6M | −$2.4M | −$1.5M | −$1.5M | −$729,270 | $1.3M | $650,700 | $1.6M | $785,934 | −$399,811 | −$1.1M |
| Other non-cash items | $19,279 | −$14.0M | $3,868 | −$230,075 | −$230,075 | −$115,036 | −$34,773 | −$17,387 | −$51,868 | −$25,935 | $41,154 | −$5,652 |
| Cash from operating activities | $10,294 | −$4.3M | −$3.0M | −$1.5M | −$1.5M | −$756,057 | $1.0M | $524,559 | $1.4M | $722,895 | −$86,009 | −$1.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$34 | −$4,798 | −$4,800 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $56,044 | −$15.0M | −$2.8M | — | — | — | — | — | — | — | — | — |
| Cash from investing activities | $56,010 | −$15.0M | −$2.8M | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | −$223,484 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$84,691 | $17.8M | $8.9M | $2.5M | $2.5M | $1.2M | −$510,032 | −$255,017 | −$638,682 | −$319,341 | −$406,990 | $1.2M |
| Cash from financing activities | −$84,691 | $17.8M | $8.9M | $2.5M | $2.5M | $1.2M | −$510,032 | −$255,017 | −$638,682 | −$319,341 | −$406,990 | $991,821 |
| Summary | ||||||||||||
| Net change in cash | −$20,575 | −$1.6M | $6.0M | −$2.0M | −$2.0M | — | $2.0M | — | −$686,023 | −$686,023 | $686,023 | −$175,886 |
| Cash at end of period | $167,564 | $1.5M | $6.0M | $6.0M | $2.0M | $2.0M | $2.0M | — | — | $686,023 | $686,023 | $1.2M |
| Free cash flow | $10,260 | −$4.3M | −$3.0M | −$1.5M | −$1.5M | −$756,057 | $1.0M | $524,559 | $1.4M | $722,895 | −$86,009 | −$1.1M |
| Free cash flow margin | 1.3% | −511.5% | −68.5% | −15.6% | −15.6% | −15.6% | 13.2% | 13.2% | 19.8% | 19.8% | −0.7% | −15.2% |
| Capex / revenue | 0.0% | 0.6% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | −0.35 | — | −8.60 | −8.60 | −8.60 | — | — | — | — | −0.32 | −29.98 |
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.
SORA cash generation
In fiscal 2025 (ended December 31, 2025), Top Win International generated -$0.6 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$0.6 million, −39.4% of revenue. Cash and equivalents fell by $0.2 million over the year.
Related: SORA income statement, SORA balance sheet. See the SORA stock overview for the latest quote and news.
SORA cash flow FAQ
What is Top Win International's free cash flow?
Top Win International's free cash flow was -$0.6 million in fiscal 2025: -$0.6 million of operating cash flow minus $0.0 million of capital expenditures It was -$0.5 million a year earlier..
How much cash does Top Win International generate from operations?
Top Win International generated -$0.6 million of cash from operating activities in fiscal 2025, −0.35 times its net income of $1.6 million.
How much does Top Win International spend on capital expenditures?
Top Win International spent $0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue, compared with $0.0 million the year before.