VenHub Global, Inc. (VHUB) Cash Flow Statement
Where VHUB’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$5.9M
- Capital expenditures
- $1.3M 146.9% of revenue
- Free cash flow
- −$7.2M −834.0% margin
- Returned to shareholders
- —
- Change in cash
- −$1.3M cash at year-end $89,634
Drawn to scale: where the cash came from and how it was used. Hover for values.
VHUB operating cash flow, capex and free cash flow
VHUB cash flow trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$566,7912023 | −$5.9M2025 | — | |
| Capital expenditures | $163,7392023 | $1.3M2025 | +178.5%/yr | |
| Free cash flow | −$730,5302023 | −$7.2M2025 | — | |
| Stock-based compensation | $4.5M2024 | $31.9M2025 | +606.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VHUB cash flow by activity
VHUB 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).
VHUB cash flow statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Operating activities | |||
| Net income | −$62.4M | −$9.4M | −$10.4M |
| Depreciation & amortization | $104,642 | $48,279 | $7,780 |
| Stock-based compensation | $31.9M | $4.5M | — |
| Change in working capital | $2.3M | $554,550 | $1.0M |
| Other non-cash items | $22.2M | $292,797 | $8.8M |
| Cash from operating activities | −$5.9M | −$4.0M | −$566,791 |
| Investing activities | |||
| Capital expenditures | −$1.3M | −$4 | −$163,739 |
| Acquisitions & other investing | $1 | — | −$4 |
| Cash from investing activities | −$1.3M | — | −$163,743 |
| Financing activities | |||
| Net borrowing (repayment) | $1.6M | $3.2M | — |
| Shares issued | $795,891 | $2.1M | $0 |
| Other financing | $3.5M | $0 | $777,294 |
| Cash from financing activities | $5.9M | $5.3M | $777,294 |
| Summary | |||
| Net change in cash | −$1.3M | $1.3M | $46,760 |
| Cash at end of period | $89,634 | $1.4M | $46,760 |
| Free cash flow | −$7.2M | −$4.0M | −$730,530 |
| Free cash flow margin | −834.0% | — | — |
| Capex / revenue | 146.9% | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$10.5M | −$16.6M | −$13.2M | −$19.3M | −$20.5M | −$9.4M | −$1.7M | −$2.2M | −$1.7M | −$3.8M |
| Depreciation & amortization | $73,558 | $68,764 | $40,030 | $40,314 | $12,723 | $11,308 | $13,554 | $11,575 | $12,169 | $10,981 |
| Stock-based compensation | $7.1M | $1.3M | $6.8M | $17.2M | $304,540 | $7.6M | $302,373 | $822,037 | — | — |
| Change in working capital | $228,114 | −$4.5M | $983,746 | −$730,531 | $1.7M | $320,382 | −$422,283 | $260,222 | $365,005 | $351,605 |
| Other non-cash items | −$540,753 | $12.2M | $3.8M | $9,245 | $18.3M | $61,565 | $204,461 | $88,337 | $491,174 | $2.9M |
| Cash from operating activities | −$3.6M | −$7.5M | −$1.5M | −$2.8M | −$198,722 | −$1.4M | −$1.6M | −$986,514 | −$862,597 | −$541,829 |
| Investing activities | ||||||||||
| Capital expenditures | −$140,382 | −$70,125 | −$613,478 | −$173,428 | −$483,158 | −$4 | $0 | −$4 | −$3 | −$1 |
| Acquisitions & other investing | −$2 | $1 | $2 | $1 | $4 | — | — | — | — | — |
| Cash from investing activities | −$140,384 | −$70,124 | −$613,476 | −$173,427 | −$483,154 | — | — | — | — | — |
| Financing activities | ||||||||||
| Net borrowing (repayment) | $540,753 | −$4.4M | $1.0M | $0 | $0 | $650,000 | $2.3M | $910,000 | — | — |
| Shares issued | $0 | $300,012 | $0 | $574,841 | $118,349 | $102,701 | $47,628 | $647,638 | $0 | $0 |
| Other financing | $0 | $17.4M | −$88,704 | $88,704 | $3.5M | $0 | $0 | $0 | $805,721 | $577,039 |
| Cash from financing activities | $540,753 | $13.3M | $911,296 | $663,545 | $3.6M | $752,701 | $2.3M | $1.6M | $805,721 | $577,039 |
| Summary | ||||||||||
| Net change in cash | −$3.2M | $5.7M | −$1.3M | −$2.3M | $2.9M | $751,347 | $756,674 | $571,124 | — | — |
| Cash at end of period | $2.6M | $5.8M | $89,634 | $1.3M | $3.7M | $751,347 | $1.4M | $596,218 | $25,094 | — |
| Free cash flow | −$3.8M | −$7.6M | −$2.2M | −$3.0M | −$681,880 | −$1.4M | −$1.6M | −$986,510 | −$862,600 | −$541,830 |
| Free cash flow margin | −4,357.0% | −11,178.2% | −3,896.8% | −1,019.5% | −5,008.3% | −270.9% | — | — | — | — |
| Capex / revenue | 162.1% | 103.4% | 1,105.8% | 58.7% | 3,548.7% | 0.0% | — | — | — | — |
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.
VHUB cash generation
In fiscal 2025 (ended December 31, 2025), VenHub Global generated -$5.9 million of cash from operations and spent $1.3 million on capital expenditures, leaving free cash flow of -$7.2 million, −834.0% of revenue. Cash and equivalents fell by $1.3 million over the year.
Related: VHUB income statement, VHUB balance sheet. See the VHUB stock overview for the latest quote and news.
VHUB cash flow FAQ
What is VenHub Global's free cash flow?
VenHub Global's free cash flow was -$7.2 million in fiscal 2025: -$5.9 million of operating cash flow minus $1.3 million of capital expenditures It was -$4.0 million a year earlier..
How much cash does VenHub Global generate from operations?
VenHub Global generated -$5.9 million of cash from operating activities in fiscal 2025.
How much does VenHub Global spend on capital expenditures?
VenHub Global spent $1.3 million on capital expenditures in fiscal 2025, 146.9% of revenue, compared with $0.0 million the year before.