Teamshares Inc. (TMS) Cash Flow Statement

NASDAQ: TMSOperating cash, capex, free cash flow and buybacks.

Where TMS’s cash came from and went, 2025

December 31, 2025 · U.S. dollars
Cash from operations
−$38.0M
Capital expenditures
$6.9M
1.5% of revenue
Free cash flow
−$44.9M
−9.5% margin
Returned to shareholders
—
Change in cash
−$21.4M
cash at year-end $54.1M
Borrowing: $75.9MBorrowing$75.9MDrawn from cash: $21.4MDrawn from cash$21.4MShares issued: $1.4MShares issued$1.4MCash used in operations: $38.0MCash used in operations$38.0M · 39%Capital expenditures: $6.9MCapital expenditures$6.9M · 7%Other financing: $3.2MOther financing$3.2M · 3%Currency & other: $50.6MCurrency & other$50.6M · 51%$98.7M
Cash from operations
−$38.0M
Capital expenditures
−$6.9M
Net borrowing (repayment)
+$75.9M
Shares issued
+$1.4M
Other financing
−$3.2M
Currency & other
−$50.6M
Change in cash
−$21.4M

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

TMS operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

TMS cash flow trends, 2024–2025

MetricTrendThenLatestChange
Operating cash flow−$42.4M2024−$38.0M2025—
Capital expenditures$7.0M2024$6.9M2025−1.4%/yr
Free cash flow−$49.4M2024−$44.9M2025—
Free cash flow margin−12.4%2024−9.5%2025+2.9 pts
Stock-based compensation$4.3M2024$3.8M2025−11.1%/yr
Capex / revenue1.7%20241.5%2025−0.3 pts

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

TMS cash flow by activity

OperatingInvestingFinancingChange in cash

TMS 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).

TMS cash flow statement

20252024
Operating activities
Net income−$65.9M−$83.3M
Depreciation & amortization$11.6M$11.3M
Stock-based compensation$3.8M$4.3M
Change in working capital−$4.0M$8.0M
Other non-cash items$16.5M$17.2M
Cash from operating activities−$38.0M−$42.4M
Investing activities
Capital expenditures−$6.9M−$7.0M
Financing activities
Net borrowing (repayment)$75.9M$15.6M
Shares issued$1.4M$73.6M
Other financing−$3.2M−$6.3M
Cash from financing activities$74.0M$82.9M
Summary
Net change in cash−$21.4M$1.6M
Cash at end of period$54.1M$75.5M
Free cash flow−$44.9M−$49.4M
Free cash flow margin−9.5%−12.4%
Capex / revenue1.5%1.7%

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.

TMS cash generation

In fiscal 2025 (ended December 31, 2025), Teamshares generated -$38.0 million of cash from operations and spent $6.9 million on capital expenditures, leaving free cash flow of -$44.9 million, −9.5% of revenue. Cash and equivalents fell by $21.4 million over the year.

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

TMS cash flow FAQ

What is Teamshares's free cash flow?

Teamshares's free cash flow was -$44.9 million in fiscal 2025: -$38.0 million of operating cash flow minus $6.9 million of capital expenditures It was -$49.4 million a year earlier..

How much cash does Teamshares generate from operations?

Teamshares generated -$38.0 million of cash from operating activities in fiscal 2025.

How much does Teamshares spend on capital expenditures?

Teamshares spent $6.9 million on capital expenditures in fiscal 2025, 1.5% of revenue, compared with $7.0 million the year before.

Financial Conglomerates: cash flow