Zeta Network Group (ZNB) Cash Flow Statement
Where ZNB’s cash came from and went, FY2025
June 30, 2025 · U.S. dollars- Cash from operations
- −$8.3M
- Capital expenditures
- $3.4M 39.0% of revenue
- Free cash flow
- −$11.7M −134.5% margin
- Returned to shareholders
- —
- Change in cash
- $1.0M cash at year-end $1.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ZNB operating cash flow, capex and free cash flow
ZNB cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $5.9MFY2016 | −$8.3MFY2025 | — | |
| Capital expenditures | $208,108FY2016 | $3.4MFY2025 | +36.4%/yr | |
| Free cash flow | $5.7MFY2016 | −$11.7MFY2025 | — | |
| Free cash flow margin | 10.5%FY2016 | −134.5%FY2025 | −145.0 pts | |
| Stock-based compensation | $498,604FY2016 | $1.7MFY2025 | +14.4%/yr | |
| Capex / revenue | 0.4%FY2016 | 39.0%FY2025 | +38.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZNB cash flow by activity
ZNB 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).
ZNB cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$43.0M | −$26.9M | −$37.8M | −$77.2M | −$9.6M | −$5.2M | −$6.7M | −$7.4M | −$11.0M | −$15.8M |
| Depreciation & amortization | $5.4M | $4.3M | $5.9M | $5.9M | $3.7M | — | $1.1M | $1.2M | $1.2M | $2.0M |
| Stock-based compensation | $1.7M | $3.9M | $3.5M | $4.7M | $5.7M | $3.4M | $4.6M | $1.4M | $289,000 | $498,604 |
| Change in working capital | −$7.9M | −$1.1M | $1.4M | −$14.7M | −$2.7M | −$1.0M | $1.1M | $5.0M | $7.9M | $10.6M |
| Other non-cash items | $35.5M | $17.0M | $19.2M | $51.9M | $74,851 | $203,854 | −$1.2M | $2.2M | $3.4M | $8.6M |
| Cash from operating activities | −$8.3M | −$2.8M | −$7.9M | −$29.4M | −$2.8M | −$2.5M | −$1.1M | $2.5M | $1.7M | $5.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$3.4M | −$2 | −$1 | −$15.2M | −$2.0M | −$2.0M | −$135,705 | −$138,148 | −$210,957 | −$208,108 |
| Investments (net) | −$3.4M | $0 | $0 | −$14.2M | −$65.5M | — | — | — | — | — |
| Acquisitions & other investing | $3.4M | — | — | $15.2M | $2.0M | $605,277 | $0 | −$3 | −$5 | $5.1M |
| Cash from investing activities | −$3.4M | — | — | −$14.2M | −$65.5M | −$1.4M | −$135,705 | −$138,151 | −$210,962 | $4.9M |
| Financing activities | ||||||||||
| Net borrowing (repayment) | $12.8M | $1.2M | $217,116 | $352,173 | — | — | — | — | — | — |
| Shares issued | $0 | $1.4M | $6.5M | $43.9M | $62.3M | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $509,788 | $31,479 | $5.2M | $4.8M | $522,667 | −$5.8M | −$2.1M | −$18.6M |
| Cash from financing activities | $12.8M | $2.6M | $7.2M | $44.3M | $67.5M | $4.8M | $522,667 | −$5.8M | −$2.1M | −$18.6M |
| Summary | ||||||||||
| Net change in cash | $1.0M | −$219,255 | −$632,840 | $698,124 | −$814,507 | $669,182 | −$779,177 | −$3.3M | −$671,147 | −$8.6M |
| Cash at end of period | $1.1M | $20,218 | $239,473 | $872,313 | $174,189 | $988,696 | $319,514 | $1.1M | $4.4M | $5.1M |
| Free cash flow | −$11.7M | −$2.8M | −$7.9M | −$44.6M | −$4.8M | −$4.5M | −$1.1M | $2.3M | $1.5M | $5.7M |
| Free cash flow margin | −134.5% | −98.2% | — | −270.1% | −71.1% | — | −2.5% | 5.1% | 3.3% | 10.5% |
| Capex / revenue | 39.0% | 0.0% | — | 92.1% | 29.8% | — | 0.3% | 0.3% | 0.5% | 0.4% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$97.1M | −$20.2M | −$20.2M | −$22.8M | −$22.8M | −$11.4M | −$5.7M | −$2.9M | −$21.1M | −$25.7M | −$12.2M | −$76.7M |
| Depreciation & amortization | $5.8M | $3.0M | $3.0M | $2.4M | $2.4M | $2.2M | $2.4M | $1.2M | $1.8M | $3.1M | $2.7M | $2.7M |
| Stock-based compensation | — | — | — | — | $835,736 | $835,736 | $1.7M | $838,106 | $2.2M | $3.2M | $273,118 | $657,276 |
| Change in working capital | $1.9M | −$7.9M | −$7.9M | −$53,531 | −$53,531 | −$26,766 | $205,510 | $102,755 | −$1.3M | $518,157 | $894,329 | −$1.6M |
| Other non-cash items | $91.8M | $18.5M | $18.5M | $18.7M | $17.8M | $7.5M | $1.2M | $562,666 | $15.9M | $17.3M | $1.9M | $52.6M |
| Cash from operating activities | $2.4M | −$6.6M | −$6.6M | −$1.8M | −$1.8M | −$882,970 | −$269,090 | −$134,545 | −$2.5M | −$1.5M | −$6.4M | −$22.4M |
| Investing activities | ||||||||||||
| Capital expenditures | −$4 | −$3.4M | −$3.4M | $0 | $0 | $0 | $0 | $0 | −$1 | −$3 | −$5 | −$4 |
| Acquisitions & other investing | — | $4.0M | $4.0M | −$4.0M | −$4.0M | −$2.0M | — | — | — | — | — | −$9.4M |
| Cash from investing activities | — | $600,000 | $600,000 | −$4.0M | −$4.0M | −$2.0M | — | — | — | — | — | −$9.4M |
| Financing activities | ||||||||||||
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.8M | $6.9M | $6.9M | $5.9M | $5.9M | $2.9M | $29,980 | $14,991 | $2.5M | $409,787 | $6.8M | $24.8M |
| Cash from financing activities | −$1.8M | $6.9M | $6.9M | $5.9M | $5.9M | $2.9M | $29,980 | $14,991 | $2.5M | $409,787 | $6.8M | $24.8M |
| Summary | ||||||||||||
| Net change in cash | $613,565 | $930,638 | $930,638 | $110,037 | $110,037 | — | −$239,110 | −$259,328 | $19,855 | −$1.1M | $421,286 | −$7.0M |
| Cash at end of period | $1.7M | $1.1M | $1.1M | $130,255 | $130,255 | $20,218 | $20,218 | $259,328 | $259,328 | $239,473 | $1.3M | $872,313 |
| Free cash flow | $2.4M | −$10.0M | −$10.0M | −$1.8M | −$1.8M | −$882,970 | −$269,090 | −$134,545 | −$2.5M | −$1.5M | −$6.4M | −$22.4M |
| Free cash flow margin | 14.5% | −114.3% | −114.3% | — | — | — | −15.2% | −15.2% | −236.8% | — | — | −316.0% |
| Capex / revenue | 0.0% | 39.0% | 39.0% | — | — | — | 0.0% | 0.0% | 0.0% | — | — | 0.0% |
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.
ZNB cash generation
In fiscal 2025 (ended June 30, 2025), Zeta Network generated -$8.3 million of cash from operations and spent $3.4 million on capital expenditures, leaving free cash flow of -$11.7 million, −134.5% of revenue. Cash and equivalents rose by $1.0 million over the year.
Related: ZNB income statement, ZNB balance sheet. See the ZNB stock overview for the latest quote and news.
ZNB cash flow FAQ
What is Zeta Network's free cash flow?
Zeta Network's free cash flow was -$11.7 million in fiscal 2025: -$8.3 million of operating cash flow minus $3.4 million of capital expenditures It was -$2.8 million a year earlier..
How much cash does Zeta Network generate from operations?
Zeta Network generated -$8.3 million of cash from operating activities in fiscal 2025.
How much does Zeta Network spend on capital expenditures?
Zeta Network spent $3.4 million on capital expenditures in fiscal 2025, 39.0% of revenue, compared with $0.0 million the year before.