ZOOZ Power Ltd. (ZOOZ) Cash Flow Statement
Where ZOOZ’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$14.9M
- Capital expenditures
- $100,671 40.8% of revenue
- Free cash flow
- −$15.0M −6,081.6% margin
- Returned to shareholders
- —
- Change in cash
- $19.2M cash at year-end $27.8M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ZOOZ operating cash flow, capex and free cash flow
ZOOZ cash flow trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$3.4M2018 | −$14.9M2025 | — | |
| Capital expenditures | $27,8452018 | $100,6712025 | +20.2%/yr | |
| Free cash flow | −$3.4M2018 | −$15.0M2025 | — | |
| Free cash flow margin | −1,076.5%2020 | −6,081.6%2025 | −5,005.0 pts | |
| Stock-based compensation | $97,0082019 | $6.7M2025 | +102.6%/yr | |
| Capex / revenue | 6.7%2020 | 40.8%2025 | +34.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZOOZ cash flow by activity
ZOOZ 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).
ZOOZ cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||
| Net income | −$60.2M | −$11.2M | −$12.0M | −$11.5M | −$10.3M | −$5.4M | −$3.0M | −$3.5M |
| Depreciation & amortization | $364,000 | $374,000 | $239,000 | $131,000 | $105,087 | $50,307 | $39,472 | $31,292 |
| Stock-based compensation | $6.7M | $369,000 | −$219,000 | −$1.8M | $3.5M | $952,677 | $97,008 | — |
| Change in working capital | $1.5M | −$30,477 | −$146,077 | −$673,828 | $340,007 | −$93,782 | $145,282 | $36,066 |
| Other non-cash items | $36.7M | $366,390 | −$361,186 | $3.7M | $15,518 | −$321,665 | $17,574 | $57,813 |
| Cash from operating activities | −$14.9M | −$10.1M | −$12.5M | −$10.1M | −$6.3M | −$4.8M | −$2.7M | −$3.4M |
| Investing activities | ||||||||
| Capital expenditures | −$100,671 | −$68,066 | −$1.4M | −$527,406 | −$292,444 | −$30,122 | −$75,656 | −$27,845 |
| Investments (net) | $0 | $159,000 | −$1.3M | −$500,000 | −$298,000 | — | — | — |
| Acquisitions & other investing | −$132.0M | $70,597 | $1.4M | $487,822 | $298,000 | $0 | $0 | $0 |
| Cash from investing activities | −$132.1M | $161,531 | −$1.4M | −$539,584 | −$292,444 | −$30,122 | −$75,656 | −$27,845 |
| Financing activities | ||||||||
| Net borrowing (repayment) | −$3.2M | $3.2M | $0 | $0 | — | — | — | — |
| Shares issued | $155.4M | $7.6M | $0 | $27.9M | $7.6M | $0 | $0 | $0 |
| Other financing | $15.0M | $170,830 | $180,112 | −$1.7M | $454,759 | — | $9.7M | $3.6M |
| Cash from financing activities | $167.3M | $10.9M | $180,112 | $26.2M | $8.1M | — | $9.7M | $3.6M |
| Summary | ||||||||
| Net change in cash | $19.2M | $972,280 | −$13.4M | $15.9M | $1.3M | −$4.5M | $6.9M | $739,093 |
| Cash at end of period | $27.8M | $7.6M | $6.7M | $21.0M | $5.7M | $4.2M | $7.7M | $739,093 |
| Free cash flow | −$15.0M | −$10.2M | −$13.9M | −$10.6M | −$6.6M | −$4.8M | −$2.8M | −$3.4M |
| Free cash flow margin | −6,081.6% | −975.4% | −1,818.0% | — | — | −1,076.5% | — | — |
| Capex / revenue | 40.8% | 6.5% | 182.5% | — | — | 6.7% | — | — |
| Jun '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$47.8M | −$50.4M | −$7.5M | −$3.5M | −$5.9M | −$2.9M | −$5.1M | −$2.6M | −$8.0M | −$3.8M | −$5.7M | −$2.9M |
| Depreciation & amortization | $77,503 | $221,096 | $160,730 | $75,500 | $213,681 | $105,000 | $160,935 | $82,000 | $304,404 | $144,055 | $243,924 | $125,239 |
| Stock-based compensation | — | — | $59,000 | $29,500 | — | $52,500 | $264,000 | $132,000 | −$360,000 | $227,683 | $141,000 | $285,924 |
| Change in working capital | −$228,430 | −$376,612 | $1.7M | $677,000 | $1.2M | $607,500 | −$1.2M | −$506,500 | $192,780 | $435,574 | −$868,220 | −$843,734 |
| Other non-cash items | $45.0M | $41.8M | $299,717 | $265,500 | $446,327 | $167,500 | −$4,932 | −$109,000 | $1.1M | −$228,992 | $420,487 | $400,323 |
| Cash from operating activities | −$2.9M | −$8.7M | −$5.3M | −$2.5M | −$4.0M | −$1.9M | −$5.9M | −$3.0M | −$6.7M | −$3.2M | −$5.8M | −$3.0M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | −$6,143 | −$96,864 | −$45,500 | −$29,632 | −$14,500 | −$37,291 | −$19,000 | −$559,505 | −$264,779 | −$370,895 | −$190,431 |
| Acquisitions & other investing | — | −$126.6M | $1 | $0 | $3.8M | $1.9M | −$3.4M | −$1.8M | −$6,093 | −$1,966 | $0 | −$973 |
| Cash from investing activities | — | −$126.6M | −$96,863 | −$45,500 | $3.8M | $1.8M | −$3.5M | −$1.8M | −$565,598 | −$266,745 | −$370,895 | −$191,404 |
| Financing activities | ||||||||||||
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$898,423 | $160.4M | $36,190 | $17,000 | $34,874 | — | $10.5M | $5.4M | $124,088 | $58,723 | $54,957 | $28,217 |
| Cash from financing activities | −$898,423 | $160.4M | $36,190 | $17,000 | $34,874 | — | $10.5M | $5.4M | $124,088 | $58,723 | $54,957 | $28,217 |
| Summary | ||||||||||||
| Net change in cash | −$4.6M | $25.3M | −$5.7M | — | −$416,806 | −$7.9M | $1.3M | $522,000 | −$7.2M | −$3.4M | −$6.0M | −$3.1M |
| Cash at end of period | $23.3M | $27.8M | $2.4M | $7.6M | $7.6M | $7.7M | $7.7M | $522,000 | $6.7M | −$3.4M | $13.6M | −$3.1M |
| Free cash flow | −$2.9M | −$8.7M | −$5.4M | −$2.5M | −$4.0M | −$2.0M | −$6.0M | −$3.0M | −$7.3M | −$3.5M | −$6.1M | −$3.2M |
| Free cash flow margin | — | — | −2,040.9% | −2,040.9% | −790.4% | −786.5% | −1,119.3% | −1,119.3% | — | — | −806.5% | −806.5% |
| Capex / revenue | — | — | 36.8% | 36.8% | 5.8% | 5.8% | 7.0% | 7.0% | — | — | 48.7% | 48.7% |
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.
ZOOZ cash generation
In fiscal 2025 (ended December 31, 2025), ZOOZ Power generated -$14.9 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$15.0 million, −6,081.6% of revenue. Cash and equivalents rose by $19.2 million over the year.
Related: ZOOZ income statement, ZOOZ balance sheet. See the ZOOZ stock overview for the latest quote and news.
ZOOZ cash flow FAQ
What is ZOOZ Power's free cash flow?
ZOOZ Power's free cash flow was -$15.0 million in fiscal 2025: -$14.9 million of operating cash flow minus $0.1 million of capital expenditures It was -$10.2 million a year earlier..
How much cash does ZOOZ Power generate from operations?
ZOOZ Power generated -$14.9 million of cash from operating activities in fiscal 2025.
How much does ZOOZ Power spend on capital expenditures?
ZOOZ Power spent $0.1 million on capital expenditures in fiscal 2025, 40.8% of revenue, compared with $0.1 million the year before.