Operational sustainability is under significant pressure, highlighted by a cash position that plummeted to $68,596 in 2026Q4, down from $1.9 million in 2024Q3.
| Cash from Operations | -3.91M | -8.18M | -8.2M | -8.61M | -5.85M | -4.27M | -3.09M | -718.27K | -1.61M | -838 | -23.88K | -46.73K | -20.99K |
| Operating CF Growth % | 52.26% | 0.3% | 4.76% | -47.3% | -36.9% | -38.31% | -329.98% | 55.37% | -191961.93% | 96.49% | 48.91% | -122.61% | - |
| Operating CF / Revenue % | -16.18% | -22.97% | -22.92% | -25.3% | -25.51% | -25.6% | -33.82% | -48.76% | -354.87% | -5.96% | -164.01% | -327.72% | -1786.47% |
| Net Income | -7.04M | -5.11M | -3.76M | -7.54M | -4.94M | -4.38M | -3M | -2.91M | -1.75M | -13.75K | -13.13K | -76.03K | -14.74K |
| Depreciation & Amortization | 351.2K | 156.5K | 70.91K | 63.1K | 57.89K | 27.05K | 6.92K | 87.16K | 114.73K | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | -6.67M | 0 | 0 | -590K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.21M | 439.61K | -54.5K | 112.56K | 590K | 32.75K | 8.75K | 322.97K | 47.25K | -176.13K | 10.74K | 0 | 0 |
| Working Capital Changes | 1.05M | 2.39M | -5.19M | -3.61M | -1.74M | -593.74K | -973.13K | 175.62K | -20.34K | 12.91K | -10.74K | 29.3K | -6.25K |
| Capital Expenditures | -20.22K | -4.12K | -376 | -74.82K | -26.07K | -238.49K | -17.51K | -11.71K | -201.74K | 0 | 0 | 0 | 0 |
| CapEx / Revenue % | 0.08% | 0.01% | 0% | 0.22% | 0.11% | 1.43% | 0.19% | 0.8% | 44.48% | 0% | 0% | 0% | 0% |
| CapEx / D&A | 0.06x | 0.03x | 0.01x | 1.19x | 0.45x | 8.81x | 2.53x | 0.13x | 1.76x | - | - | - | - |
| CapEx Coverage (OCF/CapEx) | -193.17x | -1987.68x | -21819.01x | -115.14x | -224.30x | -17.91x | -176.41x | -61.33x | -7.98x | - | - | - | - |
| Cash from Investing | -20.22K | -4.12K | -376 | -74.82K | -26.07K | -238.49K | -17.24K | -11.71K | -201.74K | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 270 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 2.86M | 7.78M | -295.33K | 17.34M | 5.41M | 5.17M | 1.83M | 2.06M | 1.81M | 0 | 25K | 45.31K | 23.44K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | -557.51K | 1000K | -1000K | 1000K | 299.69K | 654.21K | 1000K | 386K | 50K | 0 | 10K | -5.04K | 22.54K |
| Stock Issued | 3.42M | 6.64M | 840K | 12.02M | 5.11M | 5.89M | 830.65K | 1.68M | 1.77M | 0 | 15K | 50.35K | 900 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -15K | 0 | 0 | -15.58K | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 60K | 0 | -1.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -1.06M | -389.1K | -7.72M | 8.78M | -388.78K | 747.8K | -1.23M | 1.33M | -2.79K | -838 | 1.12K | -1.42K | 2.45K |
| Exchange Rate Effect | 2.37K | 18.07K | 776.65K | 123.92K | 70.96K | 83.3K | 40.66K | -8K | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 1.13M | 1.52M | 9.24M | 461.93K | 850.72K | 102.92K | 1.34M | 10.55K | 13.35K | 2.15K | 1.03K | 2.45K | 0 |
| Cash at End | 68.6K | 1.13M | 1.52M | 9.24M | 461.93K | 850.72K | 102.92K | 1.34M | 10.55K | 1.32K | 2.15K | 1.03K | 2.45K |
| Free Cash Flow | -3.93M | -8.18M | -8.2M | -8.69M | -5.87M | -4.51M | -3.11M | -729.99K | -1.81M | -838 | -23.88K | -46.73K | -20.99K |
| FCF Growth % | 52.03% | 0.25% | 5.58% | -47.92% | -30.24% | -45.21% | -325.48% | 59.7% | -216035.8% | 96.49% | 48.91% | -122.61% | - |
| FCF Margin % | -16.27% | -22.98% | -22.92% | -25.52% | -25.62% | -27.03% | -34.01% | -49.56% | -399.35% | -5.96% | -164.01% | -327.72% | -1786.47% |
| FCF / Net Income % | 56.1% | 160.06% | 218.34% | 115.25% | 118.82% | 102.92% | 103.38% | 25.06% | 103.43% | 0.53% | 181.8% | 61.46% | 142.4% |
Critical liquidity and solvency
According to the provided financial data, FingerMotion consistently reports net losses that are exacerbated by operating cash outflows, with the OCF/NI ratio frequently exceeding 1.0, suggesting that the company's accounting losses are not merely non-cash items but reflect a fundamental inability to generate positive cash flow.
The persistent gap between net income and operating cash flow indicates that the company's accrual-based losses are being compounded by actual cash burn. This suggests that the business model lacks the quality of earnings necessary to support its current operational scale, as cash outflows consistently outpace reported accounting losses.
Based on historical cash flow statements, FingerMotion has maintained a consistently negative free cash flow trajectory, with FCF margins reaching as low as -35.1% in 2025Q4, underscoring the structural difficulty in achieving self-sustaining operations within its current telecommunications reseller framework.
The inability to reach positive free cash flow suggests that the company is trapped in a cycle of capital consumption to maintain its market position. Investors should monitor whether the company can pivot toward higher-margin services, as the current trajectory implies a continued reliance on external financing to cover basic operating requirements.
As reported in recent quarterly filings, FingerMotion exhibits highly erratic working capital movements, with fluctuations such as the $3 million swing in 2025Q4, which suggests that the company's cash position is heavily dependent on the timing of collections and payments within its Chinese telecommunications partner ecosystem.
These large swings in working capital indicate that the company lacks a stable cash conversion cycle, likely due to the pass-through nature of its business. Such volatility creates significant uncertainty regarding the company's ability to manage its short-term liquidity needs effectively.
Analysis of the cash flow statement reveals that stock-based compensation and depreciation adjustments, as seen in the 2026Q4 figures, often mask the underlying cash burn, suggesting that the company's reported metrics may not fully capture the severity of its operational cash requirements.
By relying on non-cash adjustments to bridge the gap between net income and operating cash flow, the company obscures the true cost of its operations. This practice warrants further investigation into whether the company's reliance on equity-based incentives is a sustainable substitute for actual cash-generating capacity.
Quick answers to the most common questions about buying FNGR stock.
FingerMotion, Inc. (FNGR) generated $-3.9M in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
FingerMotion, Inc. (FNGR) reported negative free cash flow of $3.9M in 2026, indicating capital requirements exceeded cash from operations.
FingerMotion, Inc. (FNGR) spent $0.0M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.