TAO Synergies Inc. (TAOX) Cash Flow Statement
Where TAOX’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$6.4M
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$6.4M −2,138.4% margin
- Returned to shareholders
- $1.7M
- Change in cash
- −$12.2M cash at year-end $5.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
TAOX operating cash flow, capex and free cash flow
TAOX cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$8.7M2021 | −$6.4M2025 | — | |
| Capital expenditures | $3,1992021 | $02025 | −100.0% | |
| Free cash flow | −$8.7M2021 | −$6.4M2025 | — | |
| Stock-based compensation | $3.3M2021 | $1.4M2025 | −19.3%/yr | |
| Dividends paid | $02021 | $262,0872025 | — | |
| Share buybacks (net) | $02022 | $1.4M2025 | — |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TAOX cash flow by activity
TAOX 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).
TAOX cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$28.7M | −$12.8M | −$6.0M | −$5.6M | −$12.6M |
| Depreciation & amortization | $3,616 | $5,580 | $6,347 | $5,714 | $4,966 |
| Stock-based compensation | $1.4M | $25,407 | $1.0M | $3.7M | $3.3M |
| Change in working capital | $419,746 | $501,871 | $358,023 | −$614,947 | $25,931 |
| Other non-cash items | $20.5M | $7.4M | −$508,400 | −$8.8M | $587,192 |
| Cash from operating activities | −$6.4M | −$4.9M | −$5.2M | −$11.2M | −$8.7M |
| Investing activities | |||||
| Capital expenditures | $0 | $0 | −$2,707 | −$7,414 | −$3,199 |
| Investments (net) | −$28.1M | −$1.0M | −$2.0M | −$7,414 | −$3,199 |
| Acquisitions & other investing | −$750,000 | $0 | $2,707 | $7,414 | $3,199 |
| Cash from investing activities | −$28.9M | −$1.0M | −$2.0M | −$7,414 | −$3,199 |
| Financing activities | |||||
| Dividends paid | −$262,087 | −$950,918 | −$641,066 | $0 | $0 |
| Share repurchases & issuance (net) | −$1.4M | −$8.6M | −$1.0M | $0 | — |
| Shares issued | $14.9M | $4.5M | $0 | $13.9M | $23.8M |
| Other financing | $10.0M | $0 | $0 | $553,150 | $13.3M |
| Cash from financing activities | $23.1M | −$5.1M | −$1.6M | $14.5M | $37.1M |
| Summary | |||||
| Net change in cash | −$12.2M | −$11.0M | −$8.8M | $3.3M | $28.4M |
| Cash at end of period | $5.5M | $17.7M | $28.7M | $37.5M | $34.2M |
| Free cash flow | −$6.4M | −$4.9M | −$5.2M | −$11.2M | −$8.7M |
| Free cash flow margin | −2,138.4% | — | — | — | — |
| Capex / revenue | 0.0% | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$9.3M | $4.3M | −$7.7M | −$3.9M | −$17.5M | $385,169 | −$20.0M | $8.7M | −$1.3M | −$206,699 |
| Depreciation & amortization | $735 | $816 | $802 | $803 | $979 | $1,032 | $1,175 | $1,689 | $1,317 | $1,399 |
| Stock-based compensation | $241,725 | $76,600 | $753,680 | −$333,351 | $969,232 | $3,709 | $3,789 | $3,791 | $3,420 | $14,407 |
| Change in working capital | −$73,821 | −$193,667 | $505,190 | $756,244 | $381,434 | −$1.2M | $819,972 | $17,960 | $387,687 | −$723,748 |
| Other non-cash items | $8.3M | −$5.8M | $4.0M | $2.3M | $15.4M | −$1.2M | $18.0M | −$9.8M | $27,351 | −$916,900 |
| Cash from operating activities | −$874,981 | −$1.7M | −$2.5M | −$1.2M | −$749,072 | −$2.0M | −$1.2M | −$1.0M | −$853,534 | −$1.8M |
| Investing activities | ||||||||||
| Capital expenditures | $0 | −$4 | $0 | $0 | $0 | $0 | −$5 | −$2 | $0 | $0 |
| Investments (net) | — | — | −$10.6M | −$13.1M | −$4.5M | $0 | $0 | $0 | −$500,000 | −$500,000 |
| Acquisitions & other investing | — | — | −$750,000 | $0 | $0 | — | — | — | $0 | $0 |
| Cash from investing activities | — | — | −$11.3M | −$13.1M | −$4.5M | — | — | — | −$500,000 | −$500,000 |
| Financing activities | ||||||||||
| Dividends paid | −$402,371 | −$169,006 | −$56,926 | $0 | −$97,799 | −$107,362 | $0 | −$950,918 | $0 | $0 |
| Share repurchases & issuance (net) | $0 | $0 | $0 | $0 | −$715,000 | −$715,000 | −$801,694 | −$7.8M | $0 | $0 |
| Shares issued | $0 | $0 | $9.9M | $0 | $0 | $0 | $0 | $4.5M | $0 | $0 |
| Other financing | $0 | $0 | $7.9M | $1.3M | $5.6M | $0 | $0 | $0 | $0 | $0 |
| Cash from financing activities | −$402,371 | −$169,006 | $17.8M | $1.3M | $4.8M | −$822,362 | −$801,694 | −$4.3M | $0 | $0 |
| Summary | ||||||||||
| Net change in cash | −$1.3M | −$1.9M | $4.1M | −$12.9M | −$463,545 | −$2.8M | −$2.0M | −$5.4M | −$1.4M | −$2.3M |
| Cash at end of period | $2.4M | $3.6M | $5.5M | $1.4M | $14.4M | $14.8M | $17.7M | $19.6M | $25.0M | $26.3M |
| Free cash flow | −$874,980 | −$1.7M | −$2.5M | −$1.2M | −$749,072 | −$2.0M | −$1.2M | −$1.0M | −$853,534 | −$1.8M |
| Free cash flow margin | −987.3% | −432.9% | −2,671.8% | −587.4% | −18,906.4% | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Operating cash flow / net income | — | −0.40 | — | — | — | −5.19 | — | −0.12 | — | — |
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.
TAOX cash generation
In fiscal 2025 (ended December 31, 2025), TAO Synergies generated -$6.4 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of -$6.4 million, −2,138.4% of revenue. It returned $1.7 million to shareholders through dividends ($0.3 million) and net share buybacks ($1.4 million). Cash and equivalents fell by $12.2 million over the year.
Related: TAOX income statement, TAOX balance sheet. See the TAOX stock overview for the latest quote and news.
TAOX cash flow FAQ
What is TAO Synergies's free cash flow?
TAO Synergies's free cash flow was -$6.4 million in fiscal 2025: -$6.4 million of operating cash flow minus $0 of capital expenditures It was -$4.9 million a year earlier..
How much cash does TAO Synergies generate from operations?
TAO Synergies generated -$6.4 million of cash from operating activities in fiscal 2025.
How much stock does TAO Synergies buy back?
TAO Synergies spent $1.4 million on net share repurchases in fiscal 2025.
How much does TAO Synergies pay in dividends?
TAO Synergies paid $0.3 million in dividends in fiscal 2025.