Sound Point Meridian Capital, Inc. (SPMC) Cash Flow Statement

NYSE: SPMCOperating cash, capex, free cash flow and buybacks.

Where SPMC’s cash came from and went, 2025

December 31, 2025 · U.S. dollars
Cash from operations
$6.7M
Capital expenditures
$0
Free cash flow
$6.7M
Returned to shareholders
$57.8M
859% of free cash flow
Change in cash
−$4.1M
cash at year-end $5.8M
Cash from operations: $6.7MCash from operations$6.7MOther financing: $55.8MOther financing$55.8MDrawn from cash: $4.1MDrawn from cash$4.1MShares issued: $1.2MShares issued$1.2MDividends: $57.8MDividends$57.8M · 85%Debt repayment: $10.0MDebt repayment$10.0M · 15%$67.8M
Cash from operations
$6.7M
Dividends
−$57.8M
Net borrowing (repayment)
−$10.0M
Shares issued
+$1.2M
Other financing
+$55.8M
Change in cash
−$4.1M

Drawn to scale: where the cash came from and how it was used. Hover for values.

SPMC operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

SPMC cash flow trends, 2023–2025

MetricTrendThenLatestChange
Operating cash flow−$106.4M2023$6.7M2025—
Capital expenditures$02023$02025—
Free cash flow−$106.4M2023$6.7M2025—
Free cash flow margin−164.9%2023−164.9%20240.0 pts
Operating cash flow / net income−1.672023−1.6720240.00
Dividends paid$422023$57.8M2025+117,188.5%/yr
Share buybacks (net)$42,0372023$42,03720240.0%/yr
Capex / revenue0.0%20230.0%20240.0 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SPMC cash flow by activity

OperatingInvestingFinancingChange in cash

SPMC net income vs operating cash flow

Net incomeOperating cash flow

Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).

SPMC cash flow statement

202520242023
Operating activities
Net income−$126.2M$63.6M$63.6M
Change in working capital−$2.6M−$2.4M−$2.4M
Other non-cash items$135.6M−$167.6M−$167.6M
Cash from operating activities$6.7M−$106.4M−$106.4M
Investing activities
Capital expenditures$0−$3$0
Acquisitions & other investing—−$216.4M—
Cash from investing activities—−$216.4M—
Financing activities
Dividends paid−$57.8M−$39.7M−$42
Share repurchases & issuance (net)—−$42,037−$42,037
Net borrowing (repayment)−$10.0M—$0
Shares issued$1.2M$0$85.5M
Other financing$55.8M$125.2M$42
Cash from financing activities−$10.9M$85.5M$85.5M
Summary
Net change in cash−$4.1M−$20.9M−$20.9M
Cash at end of period$5.8M$5.0M$5.0M
Free cash flow$6.7M−$106.4M−$106.4M
Free cash flow margin—−164.9%−164.9%
Capex / revenue—0.0%0.0%
Operating cash flow / net income—−1.67−1.67

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.

SPMC cash generation

In fiscal 2025 (ended December 31, 2025), Sound Point Meridian Capital generated $6.7 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of $6.7 million. It returned $57.8 million to shareholders through dividends ($57.8 million) and net share buybacks ($0). Cash and equivalents fell by $4.1 million over the year.

Related: SPMC income statement, SPMC balance sheet, SPMC dividend history. See the SPMC stock overview for the latest quote and news.

SPMC cash flow FAQ

What is Sound Point Meridian Capital's free cash flow?

Sound Point Meridian Capital's free cash flow was $6.7 million in fiscal 2025: $6.7 million of operating cash flow minus $0 of capital expenditures It was -$106.4 million a year earlier..

How much cash does Sound Point Meridian Capital generate from operations?

Sound Point Meridian Capital generated $6.7 million of cash from operating activities in fiscal 2025.

How much does Sound Point Meridian Capital pay in dividends?

Sound Point Meridian Capital paid $57.8 million in dividends in fiscal 2025, 859.4% of free cash flow.

Asset Management: cash flow