Cash flow generation is currently insufficient to support operations, as reflected by a negative free cash flow of $908.9 thousand and an OCF/NI ratio of 0.42.
| Cash from Operations | -908.87K | -114.14M | -26.95M | -158.86M | -187.59M |
| Operating CF Margin % | - | -3.29% | -0.82% | -5.93% | -10.81% |
| Operating CF Growth % | 0% | -323.51% | 83.04% | 15.32% | - |
| Net Income | 1.28M | -61.24M | -159.59M | -91.02M | -146.46M |
| Depreciation & Amortization | 0 | 8.49M | 11.56M | 11.41M | 14.85M |
| Stock-Based Compensation | 0 | 33.87M | 109.98M | 16.21M | 18.53M |
| Deferred Taxes | 0 | -525K | -525K | -525K | -525K |
| Other Non-Cash Items | -7.64M | 7.49M | 9.62M | -6.73M | 9.49M |
| Working Capital Changes | 5.45M | -102.23M | 2.01M | -88.2M | -83.48M |
| Change in Receivables | 0 | -519.62M | -65.6M | -115.95M | -164.82M |
| Change in Inventory | 0 | 0 | 0 | -11.59M | -21.3M |
| Change in Payables | 0 | 408.95M | 89.71M | 46.86M | 96.39M |
| Cash from Investing | -2.56M | -15.6M | 12.82M | 27.69M | -65.33M |
| Capital Expenditures | 0 | -1.66M | -549K | -1.24M | -1.63M |
| CapEx % of Revenue | 0% | 0.05% | 0.02% | 0.05% | 0.09% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 12K | 22K | 0 | 52K |
| Cash from Financing | 2.56M | 1.95M | 140.34M | -159.04M | 583.67M |
| Debt Issued (Net) | 0 | 15M | 20M | -21.84M | -48.24M |
| Equity Issued (Net) | 0 | 0 | 1000K | -1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -137.2M | -15M |
| Other Financing | 2.56M | -13.05M | -17.56M | 0 | -6.33M |
| Net Change in Cash | -908.87K | -125.92M | 128.45M | -247.44M | 328.84M |
| Free Cash Flow | -908.87K | -115.8M | -27.5M | -160.1M | -189.22M |
| FCF Margin % | -0.12% | -3.33% | -0.83% | -5.98% | -10.9% |
| FCF Growth % | - | -321.1% | 82.82% | 15.39% | - |
| FCF per Share | - | -0.27 | -0.06 | - | - |
| FCF Conversion (FCF/Net Income) | 0.42x | 1.86x | 0.17x | 1.75x | 1.28x |
| Interest Paid | 0 | 2.58M | 898K | 2.58M | 10.54M |
| Taxes Paid | 0 | 234K | 162K | 4K | 3K |
Regulatory commission fee compression
According to the 2022Q4 financial data, CCGWW reported a net loss of $2.1 million alongside an operating cash outflow of $908.9 thousand, resulting in an OCF/NI ratio of 0.42 that highlights the disconnect between accounting losses and the actual cash burn experienced by the firm.
The divergence between net income and operating cash flow suggests that non-cash items or working capital adjustments are currently providing a temporary buffer to the headline loss. Investors should monitor whether this conversion ratio remains volatile as the company attempts to scale its transaction-heavy insurance brokerage model.
As reported in the latest quarterly filings, CCGWW generated a negative free cash flow of $908.9 thousand, representing an FCF margin of -0.1% that underscores the company's current inability to self-fund its operations through core insurance brokerage activities.
The negative FCF trajectory indicates that the business is currently consuming capital rather than generating it, which is typical for early-stage SPAC entities. This trend warrants further investigation into whether the company can reach a positive cash flow inflection point before its existing liquidity is exhausted.
Based on the 2022Q4 reported figures, the company recorded a positive working capital change of $5.5 million, which appears to be the primary factor mitigating the impact of the $2.1 million net loss on the firm's overall cash position.
This reliance on working capital fluctuations suggests that the company's cash flow is highly sensitive to the timing of payments and collections within its insurance ecosystem. Analysts should be cautious, as such positive working capital swings are often non-recurring and may reverse in subsequent periods.
While the reported cash flow statement shows a $908.9 thousand outflow, the lack of detailed disclosure regarding capitalized costs or stock-based compensation in the 2022Q4 data may obscure the true underlying cash burn rate of the business.
The absence of clear data on non-cash expenses makes it difficult to assess the true economic cost of maintaining the company's digital insurance platform. Investors should remain wary of potential hidden liabilities or future dilution risks that are not immediately apparent from the current cash flow summary.
Quick answers to the most common questions about buying CCGWW stock.
Cheche Group Inc. Warrant (CCGWW) generated $-114.1M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Cheche Group Inc. Warrant (CCGWW) reported negative free cash flow of $115.8M in 2024, indicating capital requirements exceeded cash from operations.
Cheche Group Inc. Warrant (CCGWW) spent $1.7M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.