VHAI (VHAI) Cash Flow Statement
Where VHAI’s cash came from and went, 2024
December 31, 2024 · U.S. dollars- Cash from operations
- −$5.4M
- Capital expenditures
- $2,131 4.3% of revenue
- Free cash flow
- −$5.4M −10,826.5% margin
- Returned to shareholders
- —
- Change in cash
- $281 cash at year-end $281
Drawn to scale: where the cash came from and how it was used. Hover for values.
VHAI operating cash flow, capex and free cash flow
VHAI cash flow trends, 2020–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1,7012020 | −$5.4M2024 | — | |
| Capital expenditures | $02020 | $2,1312024 | — | |
| Free cash flow | $1,7012020 | −$5.4M2024 | — | |
| Free cash flow margin | 5.6%2020 | −10,826.5%2024 | −10,832.1 pts | |
| Stock-based compensation | $02020 | $153,0002024 | — | |
| Capex / revenue | 0.0%2020 | 4.3%2024 | +4.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VHAI cash flow by activity
VHAI 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).
VHAI cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$10.0M | −$8.7M | −$20.8M | −$4.8M | $521 |
| Depreciation & amortization | $6,486 | $5,919 | $5,849 | $2,526 | $0 |
| Stock-based compensation | $153,000 | $1.7M | $15.0M | $1.0M | $0 |
| Change in working capital | $480,741 | $1.7M | −$15,361 | $76,202 | $1,180 |
| Other non-cash items | $4.0M | $2.6M | $643,055 | −$67,395 | $0 |
| Cash from operating activities | −$5.4M | −$2.7M | −$5.2M | −$3.8M | $1,701 |
| Investing activities | |||||
| Capital expenditures | −$2,131 | $0 | −$591,653 | −$36,630 | $0 |
| Investments (net) | −$2,131 | $0 | −$931 | −$500,452 | $0 |
| Acquisitions & other investing | $2,131 | — | $931 | $501,853 | — |
| Cash from investing activities | −$2,131 | — | −$591,653 | −$35,229 | — |
| Financing activities | |||||
| Net borrowing (repayment) | −$696,768 | $795,000 | $2.0M | $0 | — |
| Shares issued | $6.0M | $1.3M | $2.8M | $5.0M | $0 |
| Other financing | $90,954 | −$101,298 | $713,081 | $0 | $0 |
| Cash from financing activities | $5.4M | $2.0M | $5.5M | $5.0M | $0 |
| Summary | |||||
| Net change in cash | $281 | −$697,626 | $56,540 | $636,940 | $1,701 |
| Cash at end of period | $281 | −$2,445 | $695,181 | $638,641 | $1,701 |
| Free cash flow | −$5.4M | −$2.7M | −$5.5M | −$3.1M | $1,701 |
| Free cash flow margin | −10,826.5% | −1,051.7% | −772.7% | −21,040.7% | 5.6% |
| Capex / revenue | 4.3% | 0.0% | 83.6% | 245.0% | 0.0% |
| Operating cash flow / net income | — | — | — | — | 3.26 |
| Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$1.9M | −$2.9M | −$192,047 | −$1.3M | −$1.3M | −$1.6M | −$6.9M | −$1.6M | −$1.8M | −$2.4M | −$2.9M | −$1.3M |
| Depreciation & amortization | $1,586 | $1,587 | $1,587 | $1,940 | $1,940 | $1,479 | $1,480 | $1,479 | $1,481 | $1,479 | $1,480 | $24,477 |
| Stock-based compensation | $0 | $0 | $0 | $0 | $0 | $153,000 | $153,000 | −$7,650 | $0 | $267,749 | $1.4M | $6 |
| Change in working capital | $474,157 | $589,842 | $102,327 | $168,918 | $596,182 | −$510,462 | $341,544 | $843,471 | $418,596 | $351,554 | $101,524 | −$140,409 |
| Other non-cash items | $1.2M | $2.1M | $7,657 | $428,145 | $881 | −$213,861 | $4.0M | $299,895 | $719,765 | $1.0M | $562,006 | $280,526 |
| Cash from operating activities | −$244,064 | −$168,608 | −$80,476 | −$731,679 | −$731,679 | −$2.1M | −$2.4M | −$425,068 | −$668,278 | −$763,033 | −$839,949 | −$1.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$4 | $0 | −$2,131 | −$2,131 | $0 | −$2,131 | $0 | $0 | $0 | $0 | $0 | −$88,852 |
| Investments (net) | — | — | — | $0 | $0 | — | — | $0 | $0 | — | — | −$88,852 |
| Acquisitions & other investing | $155,098 | −$154,177 | $4,262 | $0 | — | $0 | — | — | — | — | — | $88,852 |
| Cash from investing activities | $155,094 | −$154,177 | $2,131 | −$2,131 | — | −$2,131 | — | — | — | — | — | −$88,852 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | $122,778 | $275,000 | $211,337 | −$2,784 | $84,000 | $0 | — | — | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $6.0M | $400,000 | $750,000 | $0 | $155,000 | $450,071 |
| Other financing | −$30,034 | $46,729 | −$131,796 | $107,832 | $21,048 | $61,956 | −$852,359 | −$6,465 | −$142,949 | $780,051 | $63,065 | $647,307 |
| Cash from financing activities | $92,744 | $321,729 | $79,541 | $105,048 | $105,048 | $61,956 | $5.1M | $393,535 | $607,051 | $780,051 | $218,065 | $1.1M |
| Summary | ||||||||||||
| Net change in cash | $3,774 | −$1,056 | −$935 | −$626,631 | −$626,631 | −$2.1M | $2.7M | −$31,533 | −$61,227 | $17,018 | −$619,439 | −$157,940 |
| Cash at end of period | $4,057 | $283 | $281 | $1,216 | $1,216 | $627,847 | $2.7M | $0 | $31,533 | $92,760 | $75,742 | $695,181 |
| Free cash flow | −$244,060 | −$168,608 | $5.3M | −$731,679 | −$731,679 | −$2.1M | −$2.4M | −$425,068 | −$668,278 | −$763,033 | −$839,949 | −$1.3M |
| Free cash flow margin | −475.5% | −1,114.0% | — | −1,458.8% | −1,458.8% | −2,841,289.3% | — | −11,923.4% | −6,946.8% | — | −345.4% | −227.8% |
| Capex / revenue | 0.0% | 0.0% | — | 4.2% | 0.0% | 2,841.3% | — | 0.0% | 0.0% | — | 0.0% | 16.1% |
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.
VHAI cash generation
In fiscal 2024 (ended December 31, 2024), VHAI generated -$5.4 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$5.4 million, −10,826.5% of revenue. Cash and equivalents rose by $0.0 million over the year.
Related: VHAI balance sheet. See the VHAI stock overview for the latest quote and news.
VHAI cash flow FAQ
What is VHAI's free cash flow?
VHAI's free cash flow was -$5.4 million in fiscal 2024: -$5.4 million of operating cash flow minus $0.0 million of capital expenditures It was -$2.7 million a year earlier..
How much cash does VHAI generate from operations?
VHAI generated -$5.4 million of cash from operating activities in fiscal 2024.
How much does VHAI spend on capital expenditures?
VHAI spent $0.0 million on capital expenditures in fiscal 2024, 4.3% of revenue.