ZK International Group Co., Ltd. (ZKIN) Cash Flow Statement
Where ZKIN’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- $780,317
- Capital expenditures
- $588,547 0.8% of revenue
- Free cash flow
- $191,770 0.3% margin
- Returned to shareholders
- —
- Change in cash
- −$294,094 cash at year-end $3.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ZKIN operating cash flow, capex and free cash flow
ZKIN cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.2MFY2016 | $780,317FY2025 | — | |
| Capital expenditures | $123,941FY2016 | $588,547FY2025 | +18.9%/yr | |
| Free cash flow | −$1.3MFY2016 | $191,770FY2025 | — | |
| Free cash flow margin | −3.6%FY2016 | 0.3%FY2025 | +3.9 pts | |
| Operating cash flow / net income | −0.23FY2016 | 1.01FY2019 | +1.23 | |
| Stock-based compensation | −$59,412FY2017 | $1.1MFY2025 | — | |
| Dividends paid | $0FY2016 | $24.4MFY2018 | — | |
| Share buybacks (net) | $0FY2016 | $0FY2019 | — | |
| Capex / revenue | 0.3%FY2016 | 0.8%FY2025 | +0.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZKIN cash flow by activity
ZKIN 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).
ZKIN cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$4.0M | −$2.8M | −$61.1M | −$6.1M | −$3.8M | −$825,614 | $8.1M | $7.0M | $5.9M | $5.2M |
| Depreciation & amortization | $869,051 | $849,330 | $975,706 | $1.5M | $1.0M | $449,833 | $388,924 | $407,741 | $438,401 | $456,041 |
| Stock-based compensation | $1.1M | $2.0M | $2.0M | $2.7M | $1.4M | $0 | $2,244 | −$84,943 | −$59,412 | — |
| Change in working capital | $1.9M | −$6.1M | $2.6M | −$3.4M | −$1.9M | $2.5M | −$477,095 | −$10.0M | −$5.4M | −$7.7M |
| Other non-cash items | $933,801 | −$988,348 | $53.5M | $2.5M | −$59,673 | −$1.5M | $135,549 | $419,181 | $255,626 | $744,310 |
| Cash from operating activities | $780,317 | −$7.0M | −$1.9M | −$2.8M | −$3.3M | $614,029 | $8.2M | −$2.2M | $1.1M | −$1.2M |
| Investing activities | ||||||||||
| Capital expenditures | −$588,547 | −$603,050 | −$2.3M | −$520,333 | −$162,258 | −$1.2M | −$880,288 | −$467,134 | −$155,152 | −$123,941 |
| Investments (net) | — | −$2.4M | $0 | −$2.1M | −$25.0M | −$1.2M | −$8.6M | −$710,275 | −$161,856 | −$123,945 |
| Acquisitions & other investing | −$63,442 | $603,050 | — | $520,333 | −$2.0M | $1.2M | $880,288 | $467,134 | $155,152 | $139,247 |
| Cash from investing activities | −$651,989 | −$2.4M | — | −$2.1M | −$27.1M | −$1.2M | −$8.6M | −$710,275 | −$161,856 | −$108,639 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | −$24.4M | $0 | $0 |
| Share repurchases & issuance (net) | — | — | — | — | — | — | $308,010 | −$380,000 | $5.6M | $0 |
| Net borrowing (repayment) | $809,844 | $3.1M | $2.1M | −$2.5M | $16.4M | $761,283 | −$4.6M | $4.2M | $1.7M | $1.0M |
| Shares issued | $0 | $5.0M | $0 | $0 | $24.8M | $0 | $0 | $380,000 | $0 | $0 |
| Other financing | −$375,309 | −$810,256 | −$68,148 | $2.3M | −$1.0M | −$153,824 | $559,025 | $19.3M | $2.7M | −$206,633 |
| Cash from financing activities | $434,535 | $7.3M | $2.1M | −$206,970 | $40.1M | $607,459 | −$3.7M | −$986,029 | $10.0M | $825,195 |
| Summary | ||||||||||
| Net change in cash | −$294,094 | −$932,102 | −$2.6M | −$6.0M | $9.8M | $308,397 | −$4.2M | −$4.1M | $8.4M | −$445,800 |
| Cash at end of period | $3.8M | $4.1M | $5.0M | $7.6M | $13.6M | $3.8M | $3.5M | $7.7M | $11.8M | $3.4M |
| Free cash flow | $191,770 | −$7.6M | −$4.2M | −$3.4M | −$3.5M | −$554,290 | $7.3M | −$2.7M | $991,130 | −$1.3M |
| Free cash flow margin | 0.3% | −7.0% | −3.8% | −3.3% | −3.5% | −0.6% | 11.4% | −4.9% | 2.2% | −3.6% |
| Capex / revenue | 0.8% | 0.6% | 2.1% | 0.5% | 0.2% | 1.3% | 1.4% | 0.9% | 0.3% | 0.3% |
| Operating cash flow / net income | — | — | — | — | — | — | 1.01 | −0.32 | 0.20 | −0.23 |
| Jun '26 | Dec '25 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −$17.0M | −$3.2M | −$6.1M | −$3.0M | −$3.0M | −$8,354 |
| Depreciation & amortization | $434,526 | $444,386 | $1.2M | $581,561 | $581,561 | $339,728 |
| Stock-based compensation | — | $1.1M | $2,675 | — | — | — |
| Change in working capital | $667,399 | $1.9M | $3.0M | — | — | −$6.4M |
| Other non-cash items | $19.0M | $561,665 | $5.0M | $4.3M | $4.3M | $176,542 |
| Cash from operating activities | $3.1M | $780,317 | $3.0M | $1.9M | $1.9M | −$5.9M |
| Investing activities | ||||||
| Capital expenditures | −$21.2M | −$588,547 | −$354,558 | −$177,279 | −$177,279 | −$165,775 |
| Acquisitions & other investing | −$89,819 | −$63,442 | −$1.6M | −$794,053 | −$794,053 | $3 |
| Cash from investing activities | −$21.3M | −$651,989 | −$1.9M | −$971,332 | −$971,332 | −$165,772 |
| Financing activities | ||||||
| Net borrowing (repayment) | — | — | — | $755,725 | $755,725 | −$2.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $18.6M | $434,535 | $1.4M | −$415,528 | −$415,528 | $352,330 |
| Cash from financing activities | $18.6M | $434,535 | $1.4M | $340,197 | $340,197 | −$1.7M |
| Summary | ||||||
| Net change in cash | −$2.7M | $2.2M | $2.3M | $802,393 | $802,393 | −$8.3M |
| Cash at end of period | $1.1M | $3.8M | $7.6M | $5.2M | — | $5.3M |
| Free cash flow | −$18.1M | $191,770 | $2.7M | $1.7M | $1.7M | −$6.0M |
| Free cash flow margin | −1,808.9% | 0.6% | 4.5% | — | — | −14.1% |
| Capex / revenue | 2,120.4% | 1.9% | 0.6% | — | — | 0.4% |
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.
ZKIN cash generation
In fiscal 2025 (ended September 30, 2025), ZK International generated $0.8 million of cash from operations and spent $0.6 million on capital expenditures, leaving free cash flow of $0.2 million, 0.3% of revenue. Cash and equivalents fell by $0.3 million over the year.
Related: ZKIN income statement, ZKIN balance sheet. See the ZKIN stock overview for the latest quote and news.
ZKIN cash flow FAQ
What is ZK International's free cash flow?
ZK International's free cash flow was $0.2 million in fiscal 2025: $0.8 million of operating cash flow minus $0.6 million of capital expenditures It was -$7.6 million a year earlier..
How much cash does ZK International generate from operations?
ZK International generated $0.8 million of cash from operating activities in fiscal 2025.
How much does ZK International spend on capital expenditures?
ZK International spent $0.6 million on capital expenditures in fiscal 2025, 0.8% of revenue, compared with $0.6 million the year before.