Meiwu Technology Company Limited (WNW) Cash Flow Statement
Where WNW’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $9.0M
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- $9.0M 127.6% margin
- Returned to shareholders
- —
- Change in cash
- −$25.5M cash at year-end $17.9M
Cash from operations
$9.0M
Acquisitions & other
−$41.0M
Other financing
+$6.4M
Currency & other
+$81,711
Change in cash
−$25.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
WNW operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
WNW cash flow trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$13,5152017 | $9.0M2025 | — | |
| Capital expenditures | $02017 | $02025 | — | |
| Free cash flow | −$13,5152017 | $9.0M2025 | — | |
| Free cash flow margin | −31.4%2017 | 127.6%2025 | +159.0 pts | |
| Operating cash flow / net income | −0.402017 | −2.752024 | −2.35 | |
| Stock-based compensation | $02023 | $442,8832024 | — | |
| Capex / revenue | 0.0%2017 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WNW cash flow by activity
OperatingInvestingFinancingChange in cash
WNW 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).
WNW cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −$18.6M | $5.1M | −$16.1M | −$11.1M | −$1.1M | −$2.2M | −$1.8M | −$980,098 | $33,526 |
| Depreciation & amortization | $2.9M | $127,051 | $183,097 | $366,930 | $388,319 | $307,563 | $301,368 | $59,834 | — |
| Stock-based compensation | — | $442,883 | $0 | — | — | — | — | — | — |
| Change in working capital | $13.7M | −$12.5M | $744,727 | −$1.1M | $1.5M | −$1.7M | −$787,266 | −$44,274 | −$51,726 |
| Other non-cash items | $11.1M | −$7.2M | $14.6M | $6.3M | −$9.5M | $8.4M | $1.8M | $431,314 | $4,685 |
| Cash from operating activities | $9.0M | −$14.1M | −$502,830 | −$5.5M | −$8.7M | $4.9M | −$409,069 | −$533,224 | −$13,515 |
| Investing activities | |||||||||
| Capital expenditures | $0 | −$5,539 | −$6.9M | −$25,916 | −$81,197 | −$27,705 | −$80,573 | −$302,083 | $0 |
| Investments (net) | — | −$943,376 | −$5,539 | $7.6M | $26.4M | $72,420 | −$152,944 | −$302,083 | — |
| Acquisitions & other investing | −$41.0M | $5,915 | — | −$7.6M | $81,197 | −$26.5M | $80,573 | $302,083 | $266 |
| Cash from investing activities | −$41.0M | −$943,000 | — | −$25,916 | $26.4M | −$26.5M | −$152,944 | −$302,083 | $266 |
| Financing activities | |||||||||
| Net borrowing (repayment) | — | −$2.2M | $104,920 | $2.9M | −$294,734 | $1.0M | $107,976 | $817,387 | — |
| Shares issued | $0 | $47.7M | $171,874 | $0 | $1.4M | $21.5M | $0 | $0 | $0 |
| Other financing | $6.4M | $442,734 | $0 | $0 | $0 | $5.2M | $896,958 | $106,489 | $22,426 |
| Cash from financing activities | $6.4M | $46.0M | $276,794 | $2.9M | $1.1M | $27.7M | $1.0M | $923,876 | $22,426 |
| Summary | |||||||||
| Net change in cash | −$25.5M | $27.3M | −$7.7M | −$2.9M | $19.6M | $6.5M | $446,935 | $89,821 | $9,538 |
| Cash at end of period | $17.9M | $43.4M | $16.1M | $23.7M | $26.6M | $7.0M | $546,294 | $99,359 | $9,538 |
| Free cash flow | $9.0M | −$14.1M | −$7.4M | −$5.5M | −$8.8M | $4.8M | −$489,642 | −$835,307 | −$13,515 |
| Free cash flow margin | 127.6% | −8,874.7% | −67.7% | −50.5% | −71.6% | 21.8% | −6.4% | −77.6% | −31.4% |
| Capex / revenue | 0.0% | 3.5% | 63.1% | 0.2% | 0.7% | 0.1% | 1.0% | 28.1% | 0.0% |
| Operating cash flow / net income | — | −2.75 | — | — | — | — | — | — | −0.40 |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Jun '24 | Sep '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −$17.2M | −$1.4M | $5.5M | −$335,901 | −$15.8M | −$267,911 | −$5.6M | −$2.8M | −$5.5M | −$2.8M | $135,318 |
| Depreciation & amortization | $2.2M | $724,689 | $68,277 | $58,774 | $99,607 | $83,490 | $366,930 | $43,987 | $187,004 | — | $197,308 |
| Change in working capital | $6.4M | $7.3M | $16,719 | −$11.5M | $2.5M | −$433,273 | −$4.2M | −$2.6M | −$2.6M | — | −$970,706 |
| Other non-cash items | $11.0M | $37,575 | −$6.7M | −$1.1M | $6.1M | $284,052 | $14.0M | $4.5M | −$2.2M | −$2.3M | −$1.1M |
| Cash from operating activities | $2.3M | $6.7M | −$1.2M | −$12.9M | −$7.1M | −$333,642 | $4.6M | −$846,916 | −$10.1M | −$5.0M | −$1.7M |
| Investing activities | |||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | −$5,539 | $0 | −$25,916 | −$12,958 | −$12,958 | $0 | −$22,347 |
| Acquisitions & other investing | −$25.1M | −$15.9M | −$943,376 | — | $6.8M | −$6.8M | $26,915 | — | −$13,957 | −$13,458 | $26.5M |
| Cash from investing activities | −$25.1M | −$15.9M | −$943,376 | — | $6.8M | −$6.8M | $999 | — | −$26,915 | −$13,458 | $26.5M |
| Financing activities | |||||||||||
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $7.7M | −$1.3M | $45.9M | $27,665 | $119,726 | $157,068 | −$4.8M | −$2.4M | $7.7M | $3.8M | $697,589 |
| Cash from financing activities | $7.7M | −$1.3M | $45.9M | $27,665 | $119,726 | $157,068 | −$4.8M | −$2.4M | $7.7M | $3.8M | $697,589 |
| Summary | |||||||||||
| Net change in cash | −$15.5M | −$10.1M | −$3.1M | $3.1M | $278,316 | −$7.9M | −$749,352 | −$374,676 | −$2.2M | −$1.1M | $26.1M |
| Cash at end of period | $17.9M | $33.3M | $43.4M | $3.1M | $16.1M | $15.8M | $23.7M | −$374,676 | $24.5M | −$1.1M | $26.6M |
| Free cash flow | $2.3M | $6.7M | −$1.2M | −$12.9M | −$7.1M | −$333,642 | $4.5M | −$859,874 | −$10.1M | −$5.0M | −$1.8M |
| Free cash flow margin | 50.2% | 271.5% | −1,674.0% | −14,918.8% | −2,411.6% | −3.1% | 46.1% | −17.5% | −863.6% | −863.6% | −36.8% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 1.9% | 0.0% | 0.3% | 0.3% | 1.1% | 0.0% | 0.5% |
| Operating cash flow / net income | — | — | −0.22 | — | — | — | — | — | — | — | −12.79 |
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.
WNW cash generation
In fiscal 2025 (ended December 31, 2025), Meiwu Technology generated $9.0 million of cash from operations and spent $0 on capital expenditures, leaving free cash flow of $9.0 million, 127.6% of revenue. Cash and equivalents fell by $25.5 million over the year.
Related: WNW income statement, WNW balance sheet. See the WNW stock overview for the latest quote and news.
WNW cash flow FAQ
What is Meiwu Technology's free cash flow?
Meiwu Technology's free cash flow was $9.0 million in fiscal 2025: $9.0 million of operating cash flow minus $0 of capital expenditures It was -$14.1 million a year earlier..
How much cash does Meiwu Technology generate from operations?
Meiwu Technology generated $9.0 million of cash from operating activities in fiscal 2025.