Chiron Real Estate Inc. (XRN) Cash Flow Statement
Where XRN’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $73.6M +5.1% vs 2024
- Capital expenditures
- $81.7M 50.7% of revenue
- Free cash flow
- −$8.1M −5.0% margin
- Returned to shareholders
- $64.1M
- Change in cash
- $2.8M cash at year-end $12.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
XRN operating cash flow, capex and free cash flow
XRN cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$2.7M2016 | $73.6M2025 | — | |
| Capital expenditures | $150.5M2016 | $81.7M2025 | −6.6%/yr | |
| Free cash flow | −$153.2M2016 | −$8.1M2025 | — | |
| Free cash flow margin | −1,895.9%2016 | −5.0%2025 | +1,890.9 pts | |
| Operating cash flow / net income | 1.712018 | 10.562024 | +8.85 | |
| Stock-based compensation | $1.7M2016 | $4.5M2025 | +11.5%/yr | |
| Dividends paid | $3.9M2016 | $58.1M2025 | +35.1%/yr | |
| Share buybacks (net) | $263,0002018 | $6.0M2025 | +56.3%/yr | |
| Capex / revenue | 1,862.2%2016 | 50.7%2025 | −1,811.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
XRN cash flow by activity
XRN 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).
XRN cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$5.8M | $6.6M | $20.6M | $20.0M | $18.3M | −$2.5M | $9.6M | $14.6M | −$87,000 | −$6.4M |
| Depreciation & amortization | $59.0M | $56.1M | $59.0M | $57.7M | $47.3M | $36.8M | $25.5M | $18.0M | $10.1M | $2.4M |
| Stock-based compensation | $4.5M | $5.1M | $4.2M | $4.7M | $5.8M | $5.3M | $3.3M | $2.7M | $1.8M | $1.7M |
| Change in working capital | $2.4M | $1.2M | −$5.7M | −$1.7M | −$3.8M | −$7.6M | −$3.8M | −$4.4M | −$1.7M | −$780,964 |
| Other non-cash items | $13.6M | $1.0M | −$9.7M | −$4.1M | $1.3M | $2.5M | $1.8M | −$5.9M | $1.5M | $350,444 |
| Cash from operating activities | $73.6M | $70.0M | $68.4M | $76.5M | $69.0M | $34.5M | $36.4M | $24.8M | $11.6M | −$2.7M |
| Investing activities | ||||||||||
| Capital expenditures | −$81.7M | −$95.1M | −$10.0M | −$156.2M | −$201.7M | −$218.8M | −$256.8M | −$180.8M | −$252.2M | −$150.5M |
| Acquisitions & other investing | $21.3M | $49.2M | $77.7M | $18.9M | $7.0M | −$4.9M | −$1.4M | $29.2M | −$433,000 | $101,663 |
| Cash from investing activities | −$60.4M | −$45.9M | $67.6M | −$137.3M | −$194.7M | −$223.7M | −$258.2M | −$151.6M | −$252.7M | −$150.4M |
| Financing activities | ||||||||||
| Dividends paid | −$58.1M | −$65.7M | −$64.8M | −$64.2M | −$58.3M | −$45.8M | −$35.0M | −$24.8M | −$16.0M | −$3.9M |
| Share repurchases & issuance (net) | −$6.0M | $0 | $0 | — | — | — | — | −$263,000 | — | — |
| Net borrowing (repayment) | $13.3M | $32.7M | −$86.1M | $121.9M | −$10.6M | — | — | — | — | — |
| Shares issued | $49.1M | $10.9M | $0 | $9.9M | $205.5M | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$8.6M | $252,000 | $7.1M | −$5.2M | −$8.9M | $238.5M | $259.1M | $149.6M | $242.5M | $167.4M |
| Cash from financing activities | −$10.3M | −$21.9M | −$143.8M | $62.4M | $127.7M | $192.7M | $224.1M | $124.5M | $226.5M | $163.6M |
| Summary | ||||||||||
| Net change in cash | $2.8M | $2.2M | −$7.7M | $1.7M | $2.0M | $3.6M | $2.3M | −$2.3M | −$14.6M | $10.5M |
| Cash at end of period | $12.4M | $8.9M | $6.7M | $14.5M | $12.8M | $10.8M | $7.2M | $4.8M | $5.1M | $19.7M |
| Free cash flow | −$8.1M | −$25.1M | $58.4M | −$79.7M | −$132.7M | −$184.3M | −$220.4M | −$156.0M | −$240.6M | −$153.2M |
| Free cash flow margin | −5.0% | −18.1% | 41.4% | −58.1% | −114.6% | −197.0% | −311.6% | −293.3% | −796.1% | −1,895.9% |
| Capex / revenue | 50.7% | 68.7% | 7.1% | 113.9% | 174.1% | 234.0% | 363.1% | 340.0% | 834.5% | 1,862.2% |
| Operating cash flow / net income | — | 10.56 | 3.32 | 3.83 | 3.76 | — | 3.80 | 1.71 | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $74.7M | $1.7M | −$5.5M | −$4.5M | $655,000 | $3.6M | $2.9M | $3.2M | −$2.0M | $2.3M | $551,000 | $4.8M |
| Depreciation & amortization | $15.1M | $14.8M | $14.9M | $14.9M | $15.6M | $14.6M | $13.9M | $13.3M | $14.1M | $14.2M | $14.4M | $14.4M |
| Stock-based compensation | $1.4M | $1.2M | $1.4M | $1.2M | $1.7M | $151,000 | $1.3M | $1.3M | $1.3M | $1.2M | $1.2M | $1.2M |
| Change in working capital | $4.8M | −$4.9M | $3.0M | −$344,000 | $760,000 | −$3.7M | $5.7M | $3.7M | $570,000 | −$4.2M | −$536,000 | −$2.3M |
| Other non-cash items | −$73.4M | $513,000 | $7.8M | $6.4M | $3.4M | −$2.4M | −$3.3M | −$5.2M | $4.8M | $765,000 | $2.5M | −$1.5M |
| Cash from operating activities | $22.6M | $13.4M | $21.6M | $17.6M | $22.1M | $12.3M | $20.5M | $16.3M | $18.9M | $14.3M | $18.1M | $16.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$254.0M | −$2.1M | −$3.4M | −$3.3M | −$40.5M | −$34.6M | −$53.9M | −$5.2M | −$3.2M | −$2.0M | −$3.8M | −$3.4M |
| Acquisitions & other investing | $182.1M | −$7.7M | $10.1M | $2.6M | $1.2M | $7.4M | $34.3M | −$20.3M | $5.0M | −$712,000 | $712,000 | $9.1M |
| Cash from investing activities | −$71.9M | −$9.8M | $6.7M | −$703,000 | −$39.2M | −$27.2M | −$19.5M | −$25.5M | $1.8M | −$2.7M | −$3.1M | $5.7M |
| Financing activities | ||||||||||||
| Dividends paid | −$10.9M | −$13.2M | −$12.4M | −$12.3M | −$16.7M | −$16.7M | −$16.6M | −$16.4M | −$16.4M | −$16.4M | −$16.3M | −$16.3M |
| Share repurchases & issuance (net) | — | — | −$6.0M | — | — | — | — | — | — | — | — | — |
| Net borrowing (repayment) | −$31.0M | $8.8M | −$48.5M | −$3.9M | $35.4M | $30.3M | $16.7M | $14.6M | — | — | — | — |
| Shares issued | $0 | $0 | $49.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $93.1M | −$17,000 | −$8.6M | $1 | $18,000 | −$18,000 | $21,000 | $10.9M | −$4.3M | $5.9M | $375,000 | −$8.2M |
| Cash from financing activities | $51.3M | −$4.4M | −$26.3M | −$16.2M | $18.7M | $13.6M | $153,000 | $9.2M | −$20.7M | −$10.5M | −$15.9M | −$24.5M |
| Summary | ||||||||||||
| Net change in cash | $2.0M | −$938,000 | $2.1M | $614,000 | $1.6M | −$1.4M | $1.2M | −$29,000 | $12,000 | $1.1M | −$888,000 | −$2.2M |
| Cash at end of period | $12.9M | $11.5M | $12.4M | $9.8M | $9.2M | $7.6M | $8.9M | $7.8M | $7.8M | $7.8M | $6.7M | $7.6M |
| Free cash flow | −$231.4M | $11.2M | $18.3M | $14.3M | −$18.3M | −$22.3M | −$33.3M | $21.5M | $15.7M | $12.3M | $14.3M | $13.2M |
| Free cash flow margin | −582.2% | 29.4% | 47.6% | 35.2% | −44.4% | −58.9% | −95.4% | 62.9% | 46.0% | 35.0% | 43.4% | 37.3% |
| Capex / revenue | 638.9% | 5.6% | 8.8% | 8.1% | 98.0% | 91.3% | 154.1% | 15.2% | 9.4% | 5.7% | 11.6% | 9.7% |
| Operating cash flow / net income | 0.30 | 7.74 | — | — | 33.80 | 3.45 | 6.98 | 5.10 | — | 6.18 | 32.89 | 3.45 |
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.
XRN cash generation
In fiscal 2025 (ended December 31, 2025), Chiron Real Estate generated $73.6 million of cash from operations (up 5.1%) and spent $81.7 million on capital expenditures, leaving free cash flow of -$8.1 million, −5.0% of revenue. It returned $64.1 million to shareholders through dividends ($58.1 million) and net share buybacks ($6.0 million). Cash and equivalents rose by $2.8 million over the year.
Related: XRN income statement, XRN balance sheet, XRN dividend history. See the XRN stock overview for the latest quote and news.
XRN cash flow FAQ
What is Chiron Real Estate's free cash flow?
Chiron Real Estate's free cash flow was -$8.1 million in fiscal 2025: $73.6 million of operating cash flow minus $81.7 million of capital expenditures It was -$25.1 million a year earlier..
How much cash does Chiron Real Estate generate from operations?
Chiron Real Estate generated $73.6 million of cash from operating activities in fiscal 2025.
How much does Chiron Real Estate spend on capital expenditures?
Chiron Real Estate spent $81.7 million on capital expenditures in fiscal 2025, 50.7% of revenue, compared with $95.1 million the year before.
How much stock does Chiron Real Estate buy back?
Chiron Real Estate spent $6.0 million on net share repurchases in fiscal 2025.
How much does Chiron Real Estate pay in dividends?
Chiron Real Estate paid $58.1 million in dividends in fiscal 2025.