Zoomcar Holdings, Inc. (ZCAR) Cash Flow Statement
Where ZCAR’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$1.4M
- Capital expenditures
- $4,748 0.1% of revenue
- Free cash flow
- −$1.4M −14.9% margin
- Returned to shareholders
- —
- Change in cash
- −$739,907 cash at year-end $328,586
Drawn to scale: where the cash came from and how it was used. Hover for values.
ZCAR operating cash flow, capex and free cash flow
ZCAR cash flow trends, FY2021–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$12.9MFY2021 | −$1.4MFY2026 | — | |
| Capital expenditures | $58,497FY2021 | $4,748FY2026 | −39.5%/yr | |
| Free cash flow | −$12.9MFY2021 | −$1.4MFY2026 | — | |
| Free cash flow margin | −126.4%FY2021 | −14.9%FY2026 | +111.5 pts | |
| Stock-based compensation | $372,121FY2021 | $1.5MFY2026 | +31.3%/yr | |
| Capex / revenue | 0.6%FY2021 | 0.1%FY2026 | −0.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZCAR cash flow by activity
ZCAR 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).
ZCAR cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$14.6M | −$25.6M | −$34.3M | −$62.0M | −$31.0M | −$27.7M |
| Depreciation & amortization | $91,766 | $433,906 | $1.0M | $795,352 | $3.2M | $7.2M |
| Stock-based compensation | $1.5M | $52,461 | $1.9M | $3.6M | $3.9M | $372,121 |
| Change in working capital | $5.0M | $2.1M | $2.7M | −$2.4M | $677,757 | $7.2M |
| Other non-cash items | $6.7M | $14.5M | $6.4M | $23.7M | −$8.3M | $100,216 |
| Cash from operating activities | −$1.4M | −$8.5M | −$22.2M | −$36.3M | −$31.7M | −$12.9M |
| Investing activities | ||||||
| Capital expenditures | −$4,748 | −$12,012 | −$142,729 | −$88,629 | −$2.6M | −$58,497 |
| Investments (net) | −$1,545 | $359,614 | $814 | $3.9M | $2.6M | $6.4M |
| Financing activities | ||||||
| Net borrowing (repayment) | $608,353 | −$6.0M | $17.3M | $9.6M | −$21.6M | — |
| Shares issued | $0 | $16.1M | $0 | $0 | $48.4M | $38.0M |
| Other financing | $0 | −$2.4M | $2.9M | $0 | $0 | −$3.4M |
| Cash from financing activities | $608,353 | $7.7M | $20.2M | $9.6M | $26.8M | $34.6M |
| Summary | ||||||
| Net change in cash | −$739,907 | −$314,693 | −$2.2M | −$23.1M | −$2.3M | $28.1M |
| Cash at end of period | $328,586 | $1.2M | $1.5M | $3.7M | $26.8M | $29.1M |
| Free cash flow | −$1.4M | −$8.5M | −$22.3M | −$36.4M | −$34.3M | −$12.9M |
| Free cash flow margin | −14.9% | −93.8% | −225.7% | −411.9% | −268.1% | −126.4% |
| Capex / revenue | 0.1% | 0.1% | 1.4% | 1.0% | 20.7% | 0.6% |
| 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 | −$5.4M | −$8.9M | −$721,472 | −$794,149 | −$4.2M | −$11.8M | −$7.9M | −$5.88B | −$2.5M | −$7.5M | $14.4M | −$785,898 |
| Depreciation & amortization | $21,094 | −$4,029 | $25,315 | $35,052 | $35,428 | $128,248 | $84,663 | $106,194 | $114,801 | $229,687 | $244,050 | $263,501 |
| Stock-based compensation | $246,654 | $153,012 | $615,903 | $685,053 | $0 | $52,461 | −$51,848 | −$51,848 | $0 | $0 | $1.3M | $173,693 |
| Change in working capital | $470,769 | $2.0M | $499,912 | $485,479 | $2.0M | −$5.5M | $5.6M | $1.2M | $1.5M | −$10.2M | $11.8M | $802,425 |
| Other non-cash items | $4.1M | $6.7M | −$1.2M | −$1.1M | $2.4M | $13.1M | −$280,142 | $3.39B | −$852,650 | $3.9M | −$35.4M | −$841,795 |
| Cash from operating activities | −$482,732 | −$52,863 | −$772,457 | −$727,535 | $193,555 | −$4.0M | −$2.5M | −$2.50B | −$1.8M | −$13.7M | −$7.6M | −$388,074 |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$831 | −$3,205 | $0 | −$718 | $0 | −$14.2M | $0 | −$2 | −$81,433 | −$61,296 | −$27,219 |
| Investments (net) | −$425 | −$569 | −$356 | −$277 | −$343 | −$2,861 | $78,731 | $67,785 | $317,040 | $62,824 | $11,170 | $73,226 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | $561,296 | $229,694 | $10,396 | $1.3M | −$930,340 | −$187,745 | −$6.0M | −$793,832 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $38 | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | −$38 | $0 | −$679,525 | $12.5M | $1.26B | $1.6M | $9.0M | $13.5M | −$3.2M |
| Cash from financing activities | $561,296 | $229,694 | $10,396 | $1.3M | −$930,302 | $571,204 | $6.4M | $1.26B | $1.6M | $9.0M | $13.5M | −$3.2M |
| Summary | ||||||||||||
| Net change in cash | $78,175 | $192,049 | −$765,879 | $571,731 | −$737,808 | −$3.4M | $4.0M | $643.1M | $87,339 | −$4.6M | $6.1M | −$13,074 |
| Cash at end of period | $405,441 | $328,586 | $208,175 | $169,357 | $434,342 | $1.2M | $4.6M | $643.4M | $1.6M | $1.5M | $6.1M | $23,213 |
| Free cash flow | −$482,732 | −$53,694 | −$775,662 | −$727,529 | $192,837 | −$4.0M | −$2.5M | −$2.50B | −$1.8M | −$13.7M | −$7.7M | −$360,855 |
| Free cash flow margin | −20.5% | −2.5% | −32.8% | −31.8% | 8.3% | −186.5% | −104.0% | −111,123.3% | −79.3% | −630.2% | −318.0% | −13.5% |
| Capex / revenue | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 579.8% | 0.0% | 0.0% | 3.7% | 2.5% | 1.0% |
| Operating cash flow / net income | — | — | — | — | — | — | — | — | — | — | −0.53 | — |
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.
ZCAR cash generation
In fiscal 2026 (ended June 30, 2026), Zoomcar generated -$1.4 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$1.4 million, −14.9% of revenue. Cash and equivalents fell by $0.7 million over the year.
Related: ZCAR income statement, ZCAR balance sheet. See the ZCAR stock overview for the latest quote and news.
ZCAR cash flow FAQ
What is Zoomcar's free cash flow?
Zoomcar's free cash flow was -$1.4 million in fiscal 2026: -$1.4 million of operating cash flow minus $0.0 million of capital expenditures It was -$8.5 million a year earlier..
How much cash does Zoomcar generate from operations?
Zoomcar generated -$1.4 million of cash from operating activities in fiscal 2026.
How much does Zoomcar spend on capital expenditures?
Zoomcar spent $0.0 million on capital expenditures in fiscal 2026, 0.1% of revenue, compared with $0.0 million the year before.