Operational cash flow remains consistently negative, with FCF margins frequently plummeting below -100% and no evidence of capital reinvestment as CapEx remained at $0 in 2026Q1.
| Cash from Operations | -1.35M | -2.41M | -2.73M | -2M | -811.68K | -845.84K | -557.95K | -113.94K | -667.06K | -347.98K | -100.26K | 0 |
| Operating CF Margin % | - | -158.33% | -206.1% | -139.88% | -43.72% | -83.17% | -16.16% | -13.27% | -43.15% | -71.45% | - | - |
| Operating CF Growth % | 160.28% | 11.47% | -36.19% | -146.63% | 4.04% | -51.6% | -389.67% | 82.92% | -91.7% | -247.07% | - | - |
| Net Income | -1.91M | -2.31M | -2.49M | -2.11M | -1.67M | -2.52M | 354.77K | -677.86K | -519.64K | -130.27K | -75.36K | -300K |
| Depreciation & Amortization | 179.69K | 24.9K | 226.65K | 223.19K | 217.94K | 217.21K | 163.47K | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 220 | -220 | -14.75K | 10.13K | 178.33K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -581.92K | -92.28K | 110.69K | 24.71K | 78.83K | 644.05K | -510.2K | 525.23K | 474.55K | 30.16K | 0 | 0 |
| Working Capital Changes | 983.5K | -38.44K | -577.74K | -139.57K | 572.38K | 807.46K | -744.32K | 156.59K | -621.97K | -247.86K | -24.9K | 300K |
| Change in Receivables | 38.34K | 34.78K | -21.51K | -45.67K | 21K | 167.57K | -167.57K | -85.6K | -511.61K | 0 | 0 | 0 |
| Change in Inventory | 1.2K | 3.35K | -4.22K | -3.22K | 343.48K | 192.71K | 78.67K | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 30.9K | -7.96K | 39.55K | 38.46K | 41.42K | 0 | -2.8K | -32.31K | 35.15K | 0 | 0 | 0 |
| Cash from Investing | -400 | -23M | -50.05K | -17.25K | -32.12K | -3.96K | 1.28M | -1.5K | -2.5K | -1.36M | 0 | 0 |
| Capital Expenditures | -400 | -1.05K | -50.16K | -52.32K | -9.43K | -3.96K | -4.73K | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 0.03% | 0.07% | 3.79% | 3.66% | 0.51% | 0.39% | 0.14% | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 1.21M | 0 | 0 | -862.49K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -500 | 112 | 35.07K | -22.69K | 0 | -178 | -1.5K | 0 | -1.36M | 0 | 0 |
| Cash from Financing | 1M | 23.5M | -11.86K | 5.4M | -234.47K | -19.06K | -22.09K | -4.57K | -5.32K | 2.93M | 2.41M | 120 |
| Debt Issued (Net) | -23.69K | -22.68K | -11.86K | -9.59K | 0 | 0 | 0 | 0 | 0 | 2.93M | 2.37M | 0 |
| Equity Issued (Net) | 0 | 23M | 0 | 5.41M | 0 | 0 | 0 | 0 | 0 | 2.93M | 2.4M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -93.89K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.02M | 521.33K | 0 | 0 | -234.47K | -19.06K | -22.09K | -4.57K | -5.32K | -2.92M | -2.36M | 120 |
| Net Change in Cash | -358.01K | -1.9M | -2.79M | 3.39M | -1.16M | -919.75K | 773.14K | -3.29M | -673.67K | 1.22M | 2.31M | 120 |
| Free Cash Flow | -1.35M | -2.41M | -2.78M | -2.05M | -843.8K | -849.8K | -562.86K | -113.94K | -667.06K | -347.98K | -100.26K | 0 |
| FCF Margin % | -89.78% | -158.4% | -209.89% | -143.54% | -45.45% | -83.56% | -16.3% | -13.27% | -43.15% | -71.45% | - | - |
| FCF Growth % | 54.65% | 13.04% | -35.16% | -143.44% | 0.71% | -50.98% | -393.98% | 82.92% | -91.7% | -247.07% | - | - |
| FCF per Share | -1.35 | -3.01 | -2.19 | -1.35 | -0.48 | -0.11 | -0.07 | -0.02 | -0.09 | -0.05 | -0.01 | - |
| FCF Conversion (FCF/Net Income) | 0.71x | 1.06x | 1.10x | 0.95x | 0.48x | 0.34x | -1.57x | 0.17x | 1.28x | 2.67x | 1.33x | - |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 6.38K | 0 | 24K | 34.84K | 78.51K | 326.84K | 288.93K | 0 | 0 | 0 | 0 | 0 |
Severe liquidity and solvency
As reported in quarterly filings, ATPC consistently records negative operating cash flow that frequently exceeds net losses, with OCF/NI ratios reaching as high as 2.08 in 2025Q1, suggesting that the company's accrual-based accounting fails to capture the full extent of its ongoing cash-based operational drain.
The persistent gap between net income and operating cash flow indicates that the company is struggling to convert its reported revenue into actual liquidity. This divergence suggests that non-cash items or working capital volatility are masking the true severity of the cash burn, warranting extreme caution from investors.
Based on the provided financial data, ATPC has failed to generate positive free cash flow in any of the last ten quarters, with FCF margins frequently plummeting below -100%, highlighting a structural inability to fund operations through internal cash generation rather than external capital injections.
The consistent negative FCF trajectory confirms that the business model is currently unscalable under its existing cost structure. Without a significant pivot toward operational efficiency, the company appears destined to continue depleting its limited cash reserves to cover recurring losses.
According to recent SEC filings, ATPC's working capital changes are highly erratic, swinging from a $818.8K outflow in 2025Q1 to a $421.3K inflow in 2025Q4, which suggests that the company is relying on aggressive timing of payables and receivables to manage its precarious liquidity position.
This volatility in working capital suggests that management may be attempting to smooth out cash flow fluctuations, but the underlying trend remains deeply negative. Investors should monitor whether these swings are sustainable or if they represent a temporary deferral of inevitable cash outflows.
As indicated by the historical cash flow statements, ATPC's capital expenditure is negligible, with several quarters showing zero investment, which implies that the company is not reinvesting in its infrastructure to drive future growth but is instead focused entirely on survival and basic operational maintenance.
The lack of meaningful CAPEX suggests that the company is not building the necessary asset base to support long-term scaling. This underinvestment may explain the inability to improve margins, as the firm appears to be operating with a static and potentially outdated infrastructure.
Based on the provided figures, the cash flow statement obscures the severity of the company's liquidity crisis by failing to highlight the reliance on external financing, as evidenced by the lack of significant cash-generating activities despite the company's ongoing multi-year operational existence.
The absence of clear financing activities in the provided data, combined with the persistent cash burn, suggests that the company may be facing a 'liquidity cliff.' The current cash position appears insufficient to support the existing burn rate, implying that the firm may be nearing a point of insolvency.
Quick answers to the most common questions about buying ATPC stock.
Agape ATP Corporation (ATPC) generated $-2.4M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Agape ATP Corporation (ATPC) reported negative free cash flow of $2.4M in 2025, indicating capital requirements exceeded cash from operations.
Agape ATP Corporation (ATPC) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.