Operational cash flow remains consistently negative, with the firm burning $616.3K in 2026Q1, highlighting a structural inability to generate sustainable free cash flow from its current business model.
| Cash from Operations | -2.39M | -2.08K | 242.22K | 5.61M | 2.19M | -1.31M |
| Operating CF Margin % | - | -0.16% | 53.14% | 14.64% | 3.97% | -3.34% |
| Operating CF Growth % | -354.63% | -100.86% | -95.68% | 156.22% | 267.35% | - |
| Net Income | -3.51M | -3.65M | -3.21M | 133.87K | 816.98K | 1.17M |
| Depreciation & Amortization | 1.3M | 736.62K | 361.38K | 140.15K | 169.5K | 87.79K |
| Stock-Based Compensation | 500.78K | 387.62K | 277.35K | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | -222.21K | 38.83K | 158.06K | 180.53K |
| Other Non-Cash Items | 5.9M | 3.21M | 3.7M | 0 | -92.81K | -232.96K |
| Working Capital Changes | -2.73M | -687.67K | -662.19K | 5.3M | 1.14M | -2.51M |
| Change in Receivables | 93.97K | -745K | -257.99K | 1.08M | -7.07M | -777.48K |
| Change in Inventory | 0 | 0 | 0 | 4.45M | 10.45M | -1.29M |
| Change in Payables | 0 | 0 | 0 | 0 | -442.92K | 442.37K |
| Cash from Investing | -35.46M | -1.34M | -6.13M | -672.5K | 0 | 0 |
| Capital Expenditures | 0 | 0 | -365K | 0 | 0 | 0 |
| CapEx % of Revenue | 0% | - | 80.08% | 0% | - | 0% |
| Acquisitions | 0 | 0 | -350.14K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -35.46M | -1.34M | -5.42M | -672.5K | 0 | 0 |
| Cash from Financing | -40.09M | -73.85K | 7.11M | -4.56M | -2.63M | 1.8M |
| Debt Issued (Net) | -195.04K | -36.04K | -96.44K | -9.46M | -2.38M | 35.29M |
| Equity Issued (Net) | 40.14M | 0 | 9M | 4.93M | 1.2M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -80.03M | -37.81K | -1.8M | -32.38K | -1.45M | -33.49M |
| Net Change in Cash | 389.81K | -1.42M | 1.22M | 374.62K | -442.6K | 500.98K |
| Free Cash Flow | -1.77M | -2.08K | -122.78K | 5.61M | 2.19M | -1.31M |
| FCF Margin % | -196.38% | -0.16% | -26.94% | 14.64% | 3.97% | -3.34% |
| FCF Growth % | -3414.33% | 98.31% | -102.19% | 156.22% | 267.35% | - |
| FCF per Share | -108.49 | -0.13 | -12.56 | 626.28 | 244.43 | -146.06 |
| FCF Conversion (FCF/Net Income) | 0.50x | 0.00x | -0.05x | 41.91x | 2.68x | -1.12x |
| Interest Paid | 7.7K | 33.2K | 62.47K | 262.66K | 842.23K | 0 |
| Taxes Paid | 2.15K | 2.15K | 2K | 74.53K | 46.2K | 0 |
Liquidity and insolvency risk
As reported in financial statements, the company exhibits a persistent disconnect between net income and operating cash flow, with the OCF/NI ratio fluctuating wildly, including a -74.32 reading in 2023Q4, which suggests that accounting losses do not accurately capture the underlying cash burn of the business.
The extreme volatility in the OCF/NI ratio indicates that accruals and working capital swings are masking the true cash-generative capacity of the firm. Investors should monitor this divergence, as it suggests that the company's reported net losses may actually understate the severity of its cash-consuming operational model.
Based on recent SEC filings, the company's free cash flow trajectory is consistently negative, with the firm burning $616.3K in 2026Q1 alone, highlighting a structural inability to generate surplus cash from its luxury vehicle arbitrage operations despite significant revenue volatility observed in prior periods.
The lack of positive free cash flow suggests that the business model is currently incapable of self-funding its inventory requirements. This persistent cash drain warrants further investigation into how the company intends to sustain operations without recurring external capital injections.
According to the provided cash flow data, working capital changes have been a primary source of cash flow instability, including a $2.8 million inflow in 2023Q4 followed by a $3.8 million outflow in 2024Q4, reflecting the erratic nature of the company's inventory procurement and sales cycle.
These massive swings in working capital suggest that the company is highly dependent on the timing of vehicle shipments and payments. Such sensitivity implies that any disruption in the supply chain or regulatory environment could lead to immediate and severe liquidity constraints.
As indicated by the historical data, the cumulative gap between net income and operating cash flow suggests that the company's accounting losses are consistently exacerbated by cash-intensive operations, with the firm failing to achieve a sustainable positive cash flow trend over the last ten quarters.
The persistent divergence between reported earnings and cash reality appears to confirm that the business is not merely unprofitable on an accrual basis but is also fundamentally cash-negative. This pattern suggests that the company's growth strategy is currently destroying shareholder value rather than building a sustainable enterprise.
Quick answers to the most common questions about buying CTNT stock.
Cheetah Net Supply Chain Service Inc. (CTNT) generated $-0.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Cheetah Net Supply Chain Service Inc. (CTNT) reported negative free cash flow of $0.0M in 2025, indicating capital requirements exceeded cash from operations.
Cheetah Net Supply Chain Service Inc. (CTNT) 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.