WeShop Holdings Limited Class A (WSHP) Cash Flow Statement

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

Where WSHP’s cash came from and went, 2025

December 31, 2025 · British pounds
Cash from operations
−£4.3M
Capital expenditures
£1,547
0.4% of revenue
Free cash flow
−£4.4M
−1,028.8% margin
Returned to shareholders
—
Change in cash
−£25,000
cash at year-end £3,066
Borrowing: £4.3MBorrowing£4.3MDrawn from cash: £25,000Drawn from cash£25,000Cash used in operations: £4.3MCash used in operations£4.3M · 100%Capital expenditures: £1,547Capital expenditures£1,547 · 0%£4.4M
Cash from operations
−£4.3M
Net borrowing (repayment)
+£4.3M
Change in cash
−£25,000

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

WSHP operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

WSHP cash flow trends, 2022–2025

MetricTrendThenLatestChange
Operating cash flow−£6.0M2022−£4.3M2025—
Capital expenditures£20,2762022£1,5472025−57.6%/yr
Free cash flow−£6.0M2022−£4.4M2025—
Free cash flow margin−3,920.1%2022−1,028.8%2025+2,891.2 pts
Stock-based compensation£145,8022022£54.7M2025+621.3%/yr
Capex / revenue13.2%20220.4%2025−12.9 pts

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

WSHP cash flow by activity

OperatingInvestingFinancingChange in cash

WSHP 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).

WSHP cash flow statement in British pounds

2025202420232022
Operating activities
Net income−£63.3M−£12.1M−£61.4M−£8.8M
Depreciation & amortization£2.0M£2.0M£2.0M£2.0M
Stock-based compensation£54.7M£5.6M£55.9M£145,802
Change in working capital£2.8M£1.8M−£162,106£553,301
Other non-cash items−£560,512£511,363£179,676£75,402
Cash from operating activities−£4.3M−£2.2M−£3.5M−£6.0M
Investing activities
Capital expenditures−£1,547−£5,930−£30,743−£20,276
Acquisitions & other investing£0£0£0£0
Cash from investing activities−£1,547−£5,930−£30,743−£20,276
Financing activities
Net borrowing (repayment)£4.3M£2.0M£3.0M£6.5M
Shares issued£0£60,750£255,000£0
Other financing£0£0£0−£200,000
Cash from financing activities£4.3M£2.1M£3.2M£6.3M
Summary
Net change in cash−£25,000−£111,345−£300,014£286,470
Cash at end of period£3,066£28,066£139,411£439,425
Free cash flow−£4.4M−£2.2M−£3.5M−£6.0M
Free cash flow margin−1,028.8%−167.2%−242.3%−3,920.1%
Capex / revenue0.4%0.5%2.1%13.2%

Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in British pounds as reported; data from EODHD.

WSHP cash generation

In fiscal 2025 (ended December 31, 2025), WeShop generated -£4.3 million of cash from operations and spent £0.0 million on capital expenditures, leaving free cash flow of -£4.4 million, −1,028.8% of revenue. Cash and equivalents fell by £0.0 million over the year.

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

WSHP cash flow FAQ

What is WeShop's free cash flow?

WeShop's free cash flow was -£4.4 million in fiscal 2025: -£4.3 million of operating cash flow minus £0.0 million of capital expenditures It was -£2.2 million a year earlier..

How much cash does WeShop generate from operations?

WeShop generated -£4.3 million of cash from operating activities in fiscal 2025.

How much does WeShop spend on capital expenditures?

WeShop spent £0.0 million on capital expenditures in fiscal 2025, 0.4% of revenue, compared with £0.0 million the year before.

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