Trident Digital Tech Holdings Ltd (TDTH) Cash Flow Statement
Where TDTH’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$9.7M
- Capital expenditures
- $92,629 75.1% of revenue
- Free cash flow
- −$9.8M −7,955.8% margin
- Returned to shareholders
- —
- Change in cash
- −$43,779 cash at year-end $150,334
Drawn to scale: where the cash came from and how it was used. Hover for values.
TDTH operating cash flow, capex and free cash flow
TDTH cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $244,1002021 | −$9.7M2025 | — | |
| Capital expenditures | $53,3132021 | $92,6292025 | +14.8%/yr | |
| Free cash flow | $190,7872021 | −$9.8M2025 | — | |
| Free cash flow margin | 29.0%2021 | −7,955.8%2025 | −7,984.8 pts | |
| Stock-based compensation | $02023 | $7.0M2025 | — | |
| Dividends paid | $02021 | $02025 | — | |
| Capex / revenue | 8.1%2021 | 75.1%2025 | +67.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TDTH cash flow by activity
TDTH 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).
TDTH cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$22.8M | −$8.1M | −$4.8M | −$1.1M | $29,967 |
| Depreciation & amortization | $485,284 | $442,276 | $413,909 | $117,966 | $11,359 |
| Stock-based compensation | $7.0M | $0 | $0 | — | — |
| Change in working capital | $2.1M | −$1.9M | −$589,092 | $401,577 | $202,774 |
| Other non-cash items | $3.4M | $78,121 | $7,172 | $0 | $0 |
| Cash from operating activities | −$9.7M | −$9.5M | −$4.9M | −$609,946 | $244,100 |
| Investing activities | |||||
| Capital expenditures | −$92,629 | −$2,521 | −$139,757 | −$73,885 | −$53,313 |
| Investments (net) | — | −$2,521 | −$139,757 | −$73,885 | −$53,313 |
| Acquisitions & other investing | $0 | $2,521 | $139,757 | $73,885 | $53,313 |
| Cash from investing activities | −$92,629 | −$2,521 | −$139,757 | −$73,885 | −$53,313 |
| Financing activities | |||||
| Dividends paid | $0 | $0 | −$74,471 | −$229,201 | $0 |
| Net borrowing (repayment) | $8.0M | $1.5M | −$1.2M | $1.1M | $66,030 |
| Shares issued | $2.0M | $9.0M | $0 | $0 | $0 |
| Other financing | $0 | −$2.4M | $7.1M | $524,560 | $0 |
| Cash from financing activities | $10.0M | $8.1M | $5.9M | $1.4M | $66,030 |
| Summary | |||||
| Net change in cash | −$43,779 | −$1.6M | $863,338 | $671,672 | $255,956 |
| Cash at end of period | $150,334 | $194,113 | $1.8M | $945,265 | $273,593 |
| Free cash flow | −$9.8M | −$9.5M | −$5.1M | −$683,831 | $190,787 |
| Free cash flow margin | −7,955.8% | −2,043.9% | −342.6% | −54.1% | 29.0% |
| Capex / revenue | 75.1% | 0.5% | 9.4% | 5.9% | 8.1% |
| Operating cash flow / net income | — | — | — | — | 8.15 |
| Mar '26 | Jun '25 | Jun '24 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$8.9M | −$8.5M | −$1.4M |
| Depreciation & amortization | $208,260 | $163,949 | $229,986 |
| Other non-cash items | $3.8M | $5.6M | −$493,199 |
| Cash from operating activities | −$4.9M | −$2.8M | −$1.7M |
| Investing activities | |||
| Capital expenditures | −$65,687 | −$6,009 | −$465 |
| Acquisitions & other investing | $2 | $0 | $1 |
| Cash from investing activities | −$65,685 | −$6,009 | −$464 |
| Financing activities | |||
| Shares issued | $0 | $0 | $0 |
| Other financing | $4.7M | $3.2M | $402,851 |
| Cash from financing activities | $4.7M | $3.2M | $402,851 |
| Summary | |||
| Net change in cash | −$28,053 | $2,662 | $8,019 |
| Cash at end of period | $116,899 | $144,952 | $8,019 |
| Free cash flow | −$5.0M | −$2.8M | −$1.7M |
| Free cash flow margin | −5,154.7% | −9,989.7% | −602.6% |
| Capex / revenue | 68.3% | 21.6% | 0.2% |
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.
TDTH cash generation
In fiscal 2025 (ended December 31, 2025), Trident Digital Tech generated -$9.7 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$9.8 million, −7,955.8% of revenue. Cash and equivalents fell by $0.0 million over the year.
Related: TDTH income statement, TDTH balance sheet. See the TDTH stock overview for the latest quote and news.
TDTH cash flow FAQ
What is Trident Digital Tech's free cash flow?
Trident Digital Tech's free cash flow was -$9.8 million in fiscal 2025: -$9.7 million of operating cash flow minus $0.1 million of capital expenditures It was -$9.5 million a year earlier..
How much cash does Trident Digital Tech generate from operations?
Trident Digital Tech generated -$9.7 million of cash from operating activities in fiscal 2025.
How much does Trident Digital Tech spend on capital expenditures?
Trident Digital Tech spent $0.1 million on capital expenditures in fiscal 2025, 75.1% of revenue, compared with $0.0 million the year before.