Eton Pharmaceuticals, Inc. (ETON) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 7.41M | -11.55M | 12.03M | 7.96M | 2.09M | -765K | 2.95M | 1.25M | -2.47M | 387K | 873K | 7.1M | -1.55M | 2.84M | -1.7M | 2.46M | 1.22M | -5.12M | -2.95M | -369K |
| Operating CF Margin % | 30.52% | -54.28% | 53.55% | 42.05% | 12.09% | -6.57% | 28.59% | 13.83% | -31.04% | 5.29% | 12.42% | 59.21% | -29.19% | 33.42% | -52.9% | 33.45% | 56.2% | -83.98% | -380.65% | -12.03% |
| Operating CF Growth % | 254.31% | -1409.93% | 307.38% | 534.18% | 184.51% | -297.67% | 238.14% | -82.33% | -59.75% | -86.37% | 151.26% | 188.62% | -226.57% | 155.5% | 42.27% | 766.94% | -67.08% | 28.75% | 42.09% | 87.07% |
| Net Income | 1.55M | 1.48M | -1.93M | -2.58M | -1.57M | -598K | 627K | -3.04M | -811K | -2.26M | -579K | 4.56M | -2.66M | 912K | -3.04M | -1.56M | -5.33M | 1.04M | -6.09M | -2.02M |
| Depreciation & Amortization | 1.13M | 1.02M | 1.01M | 1M | 1.01M | 355K | 278K | 261K | 277K | 275K | 202K | 211K | 242K | 252K | 170K | 1.17M | 181K | 137K | 85K | 85K |
| Stock-Based Compensation | 0 | 1.12M | 1.09M | 2.1M | 1.2M | 782K | 722K | 840K | 821K | 750K | 730K | 0 | 872K | 886K | 949K | 1.3M | 1.08M | 863K | 1.01M | 836K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.23M | 2.2M | 1.51M | 1.27M | 1.45M | 1.06M | 39K | 59K | 0 | 27K | 29K | 817K | -530K | 31K | 30K | 30K | 36K | 38K | 37K | -509K |
| Working Capital Changes | 2.49M | -17.37M | 10.34M | 6.17M | -4K | -2.36M | 1.29M | 3.14M | -2.76M | 1.59M | 491K | 1.52M | 528K | 759K | 193K | 1.52M | 5.25M | -7.19M | 2.01M | 1.24M |
| Change in Receivables | -1.65M | 1.32M | 1.37M | 1.95M | -11.04M | -939K | -717K | -633K | -829K | 84K | -411K | -210K | -1.02M | -354K | -664K | -38K | 4.67M | -5.09M | -82K | -3K |
| Change in Inventory | 1.41M | -581K | 5.61M | -11.38M | 468K | -283K | 130K | 250K | -1.41M | 140K | -235K | -379K | 120K | -76K | 50K | -21K | 40K | -216K | 908K | 106K |
| Change in Payables | 2.51M | -3.28M | 2.12M | 7.26M | 705K | 1.48M | 552K | -130K | 414K | 105K | -589K | 1.07M | 0 | 712K | -245K | -82K | -393K | -1.5M | 1.52M | -239K |
| Cash from Investing | -15.07M | -49K | -284K | 0 | 0 | -38.13M | 0 | 0 | -1.88M | -775K | 0 | 0 | 0 | -12K | -2M | -761K | -15K | -3.25M | -2K | 697K |
| Capital Expenditures | -15.07M | -49K | -284K | 0 | 0 | -8.13M | 0 | 0 | -1.88M | -775K | 0 | 0 | 0 | -12K | 0 | -11K | -15K | -4K | -2K | -3K |
| CapEx % of Revenue | 62.12% | 0.23% | 1.26% | - | - | 69.82% | - | - | 23.63% | 10.6% | - | - | - | 0.14% | 62.13% | 0.15% | 0.69% | 0.07% | 0.26% | 0.1% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 700K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2M | -750K | 0 | -3.25M | 0 | 0 |
| Cash from Financing | 1.39M | 421K | 0 | 0 | 394K | 33.57M | -385K | -216K | -378K | -294K | -368K | -246K | -49K | 99K | 35K | 117K | -385K | 68K | -141K | 361K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 25.31M | -385K | -385K | -385K | -385K | -385K | -385K | 0 | 0 | 0 | 0 | -385K | 0 | -150K | 0 |
| Equity Issued (Net) | 1.39M | 421K | 0 | 0 | 394K | 8.02M | 0 | 169K | 7K | -90K | 17K | 139K | -181K | 0 | 0 | 0 | 0 | 0 | 0 | 361K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -181K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 248K | 0 | 0 | 0 | 181K | 0 | 0 | 132K | 99K | 35K | 117K | 0 | 68K | 9K | 0 |
| Net Change in Cash | -6.28M | -11.18M | 11.74M | 7.96M | 2.48M | -5.33M | 2.57M | 1.04M | -4.73M | -682K | 504K | 6.86M | -1.6M | 2.93M | -3.67M | 1.82M | 823K | -8.3M | -3.09M | 689K |
| Free Cash Flow | 7.33M | -11.6M | 11.74M | 7.96M | 2.09M | -777K | 2.95M | 1.25M | -4.36M | -388K | 873K | 7.1M | -1.55M | 2.83M | -3.7M | 1.7M | 1.21M | -8.37M | -2.95M | -372K |
| FCF Margin % | 30.21% | -54.51% | 52.28% | 42.05% | 12.09% | -6.67% | 28.59% | 13.83% | -54.67% | -5.31% | 12.42% | 59.21% | -29.19% | 33.28% | -115.04% | 23.1% | 55.51% | -137.39% | -380.9% | -12.13% |
| FCF Growth % | 250.72% | -1392.92% | 297.76% | 534.18% | 147.99% | -100.26% | 238.14% | -82.33% | -181.33% | -113.72% | 123.58% | 317.82% | -228.15% | 133.78% | -25.44% | 556.99% | -67.48% | -15.85% | 42.07% | 86.96% |
| FCF per Share | 0.23 | -0.43 | 0.44 | 0.30 | 0.08 | -0.03 | 0.11 | 0.05 | -0.17 | -0.02 | 0.03 | 0.27 | -0.06 | 0.11 | -0.15 | 0.07 | 0.05 | -0.32 | -0.12 | -0.01 |
| FCF Conversion (FCF/Net Income) | 4.77x | -7.79x | -6.24x | -3.08x | -1.33x | 1.28x | 4.71x | -0.41x | 3.05x | -0.17x | -1.51x | 1.56x | 0.58x | 3.11x | 0.56x | -1.58x | -0.23x | -4.92x | 0.48x | 0.18x |
| Interest Paid | 0 | 930K | 1.54M | 210K | 642K | 0 | 163K | 0 | 0 | 204K | 0 | 0 | 216K | 185K | 167K | 163K | 0 | 212K | 179K | 0 |
| Taxes Paid | 0 | 1K | 28K | 81K | 8K | 0 | 181K | 0 | 0 | 247K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |