Sound Point Meridian Capital, Inc. (SPME) Cash Flow Statement
Where SPME’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
Drawn to scale: where the cash came from and how it was used. Hover for values.
SPME operating cash flow, capex and free cash flow
SPME cash flow trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$106.4M2023 | $6.7M2025 | — | |
| Capital expenditures | $02023 | $02025 | — | |
| Free cash flow | −$106.4M2023 | $6.7M2025 | — |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPME cash flow by activity
SPME 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).
SPME cash flow statement
| 2025 | 2023 | |
|---|---|---|
| Operating activities | ||
| Net income | −$126.2M | $63.6M |
| Change in working capital | −$2.6M | −$2.4M |
| Other non-cash items | $135.6M | −$167.6M |
| Cash from operating activities | $6.7M | −$106.4M |
| Investing activities | ||
| Capital expenditures | $0 | $0 |
| Financing activities | ||
| Dividends paid | −$57.8M | — |
| Share repurchases & issuance (net) | — | −$42,037 |
| Net borrowing (repayment) | −$10.0M | $0 |
| Shares issued | $1.2M | $85.5M |
| Summary | ||
| Net change in cash | −$4.1M | −$20.9M |
| Cash at end of period | $5.8M | $5.0M |
| Free cash flow | $6.7M | −$106.4M |
| Free cash flow margin | — | −165.2% |
| Capex / revenue | — | 0.0% |
| Operating cash flow / net income | — | −1.67 |
| Sep '24 | Mar '24 | |
|---|---|---|
| Operating activities | ||
| Net income | $7.6M | $12.4M |
| Change in working capital | $6.6M | $4.2M |
| Other non-cash items | −$127.9M | $3.4M |
| Cash from operating activities | −$113.7M | $19.9M |
| Investing activities | ||
| Capital expenditures | $0 | $0 |
| Financing activities | ||
| Dividends paid | −$13.4M | — |
| Share repurchases & issuance (net) | — | −$8.3M |
| Net borrowing (repayment) | $43.6M | $0 |
| Shares issued | $86.1M | $650,000 |
| Summary | ||
| Net change in cash | $2.6M | $12.3M |
| Cash at end of period | $2.6M | $17.3M |
| Free cash flow | −$113.7M | $19.9M |
| Free cash flow margin | −1,473.7% | 159.8% |
| Capex / revenue | 0.0% | 0.0% |
| Operating cash flow / net income | −14.95 | 1.61 |
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.
SPME 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: SPME income statement, SPME balance sheet, SPME dividend history. See the SPME stock overview for the latest quote and news.
SPME 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.