Sunrise Realty Trust, Inc. (SUNS) Cash Flow Statement
Where SUNS’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$3.4M −309.1% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$3.4M −13.0% margin
- Returned to shareholders
- $15.0M
- Change in cash
- −$178.2M cash at year-end $6.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SUNS operating cash flow, capex and free cash flow
SUNS cash flow trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $84.2M2019 | −$3.4M2025 | — | |
| Capital expenditures | $02019 | $02025 | — | |
| Free cash flow | $84.2M2019 | −$3.4M2025 | — | |
| Free cash flow margin | 210.0%2019 | −13.0%2025 | −223.0 pts | |
| Operating cash flow / net income | 3.672019 | −0.282025 | −3.95 | |
| Stock-based compensation | $326,9042024 | $1.0M2025 | +211.8%/yr | |
| Dividends paid | $22.5M2019 | $15.0M2025 | −7.8%/yr | |
| Capex / revenue | 0.0%2019 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SUNS cash flow by activity
SUNS 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).
SUNS cash flow statement
| 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | $12.1M | $6.9M | $234,622 | $11.5M | $13.9M | $22.9M |
| Depreciation & amortization | $477,989 | $41,455 | — | — | — | — |
| Stock-based compensation | $1.0M | $326,904 | — | — | — | — |
| Change in working capital | −$217,921 | −$81,708 | $10,000 | −$138.6M | $205.0M | $71.4M |
| Other non-cash items | −$16.9M | −$5.5M | $0 | −$62.3M | $119.4M | −$10.2M |
| Cash from operating activities | −$3.4M | $1.6M | $244,622 | −$189.4M | $338.3M | $84.2M |
| Investing activities | ||||||
| Capital expenditures | $0 | −$5 | −$2 | $0 | $0 | $0 |
| Investments (net) | — | −$125.2M | — | — | — | — |
| Acquisitions & other investing | −$153.1M | $5 | — | — | — | — |
| Cash from investing activities | −$153.1M | −$125.2M | — | — | — | — |
| Financing activities | ||||||
| Dividends paid | −$15.0M | −$1.5M | — | −$19.3M | −$20.6M | −$22.5M |
| Net borrowing (repayment) | −$76.8M | $198.8M | — | — | — | — |
| Shares issued | $72.6M | $80.1M | $0 | $0 | $0 | $0 |
| Other financing | −$2.4M | −$569,238 | $31.0M | $70.6M | −$120.8M | $40.4M |
| Cash from financing activities | −$21.7M | $276.9M | $31.0M | $51.4M | −$141.4M | $17.9M |
| Summary | ||||||
| Net change in cash | −$178.2M | $153.4M | $31.2M | −$138.0M | $196.9M | $102.1M |
| Cash at end of period | $6.4M | $184.6M | $31.2M | $165.8M | $303.8M | $107.0M |
| Free cash flow | −$3.4M | $1.6M | $244,620 | −$189.4M | $338.3M | $84.2M |
| Free cash flow margin | −13.0% | 15.4% | 33.3% | −1,205.7% | 2,556.4% | 210.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | −0.28 | 0.24 | 1.04 | −16.41 | 24.30 | 3.67 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $3.1M | $4.3M | $1.6M | $4.1M | $3.4M | $3.1M | $1.9M | $1.7M | $1.5M | $1.8M | $7,767 | $89,000 |
| Depreciation & amortization | — | — | $150,967 | $153,091 | $105,881 | $68,050 | $41,455 | — | — | — | — | — |
| Stock-based compensation | $297,484 | $369,962 | $256,174 | $260,307 | $259,066 | $243,621 | $178,265 | $148,639 | $0 | $0 | — | — |
| Change in working capital | −$1.1M | $1.4M | −$415,893 | $426,217 | $182,348 | −$410,593 | −$122,437 | $155,023 | $516,149 | −$838,558 | — | −$40.0M |
| Other non-cash items | −$1.9M | −$4.9M | −$3.2M | −$5.6M | −$4.2M | −$3.9M | −$3.0M | −$2.6M | $50,712 | $194,021 | $0 | −$14.1M |
| Cash from operating activities | $370,965 | $1.2M | −$1.5M | −$656,263 | −$322,747 | −$914,591 | −$1.0M | −$513,105 | $2.1M | $1.1M | $7,767 | −$54.0M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$3 | −$3 | −$3 | −$3 | $0 | $0 | −$5 | $0 | $0 | $0 | $0 |
| Investments (net) | — | — | — | $3.3M | −$13.1M | −$95.7M | −$31.3M | −$56.3M | $8.9M | −$46.4M | — | — |
| Acquisitions & other investing | $1.6M | −$15.1M | −$47.5M | $3 | $3 | $0 | $0 | $5 | $0 | $0 | — | — |
| Cash from investing activities | $1.6M | −$15.1M | −$47.5M | $3.3M | −$13.1M | −$95.7M | −$31.3M | −$56.3M | $8.9M | −$46.4M | — | — |
| Financing activities | ||||||||||||
| Dividends paid | −$4.1M | −$4.0M | −$4.0M | −$4.0M | −$4.0M | −$2.9M | −$1.5M | −$1.8M | −$2.6M | −$2.6M | — | −$3.2M |
| Net borrowing (repayment) | $2.2M | $17.4M | $54.9M | $2.2M | $21.8M | −$155.6M | $148.8M | $50.0M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $72.6M | $0 | $65.7M | $17.0M | $17.0M | $0 | $0 |
| Other financing | −$280,087 | −$232,803 | −$887,455 | −$856,894 | −$325,992 | −$347,628 | −$569,238 | $1.8M | −$14.4M | $0 | $21.0M | $3.1M |
| Cash from financing activities | −$2.1M | $13.1M | $49.9M | −$2.7M | $17.4M | −$86.3M | $146.8M | $115.7M | $0 | $14.4M | $21.0M | −$155,000 |
| Summary | ||||||||||||
| Net change in cash | −$65,264 | −$786,489 | $897,960 | −$24,253 | $3.9M | −$183.0M | $114.5M | $58.9M | $10.9M | −$30.9M | $21.0M | −$54.1M |
| Cash at end of period | $5.6M | $5.7M | $6.4M | $5.5M | $5.6M | $1.6M | $184.6M | $70.2M | $11.3M | $348,286 | $21.0M | $165.8M |
| Free cash flow | $370,965 | $1.2M | −$1.5M | −$656,260 | −$322,747 | −$914,591 | −$1.0M | −$513,105 | $2.1M | $1.1M | $7,767 | −$54.0M |
| Free cash flow margin | 4.3% | 11.3% | −21.4% | −8.8% | −4.8% | −18.4% | −30.3% | −16.1% | 105.1% | 55.2% | 100.0% | −3,092.4% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 0.12 | 0.27 | −0.94 | −0.16 | −0.10 | −0.30 | −0.56 | −0.30 | 1.37 | 0.63 | 1.00 | −606.67 |
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.
SUNS cash generation
In fiscal 2025 (ended December 31, 2025), Sunrise Realty generated -$3.4 million of cash from operations (down 309.1%) and spent $0 on capital expenditures, leaving free cash flow of -$3.4 million, −13.0% of revenue. It returned $15.0 million to shareholders through dividends ($15.0 million) and net share buybacks ($0). Cash and equivalents fell by $178.2 million over the year.
Related: SUNS income statement, SUNS balance sheet, SUNS dividend history. See the SUNS stock overview for the latest quote and news.
SUNS cash flow FAQ
What is Sunrise Realty's free cash flow?
Sunrise Realty's free cash flow was -$3.4 million in fiscal 2025: -$3.4 million of operating cash flow minus $0 of capital expenditures It was $1.6 million a year earlier..
How much cash does Sunrise Realty generate from operations?
Sunrise Realty generated -$3.4 million of cash from operating activities in fiscal 2025, −0.28 times its net income of $12.1 million.
How much does Sunrise Realty pay in dividends?
Sunrise Realty paid $15.0 million in dividends in fiscal 2025.