Operating cash flow remains disconnected from accounting results, evidenced by a $1.6 million cash outflow in 2025Q4 despite the company's struggle to achieve positive operating margins.
| Cash from Operations | -521.73K | -4.25M | -2.72M | -5.22M | -7.54M | 1.53M | 6.32M | -1.16M |
| Operating CF Margin % | -5.99% | -295.45% | -971.41% | - | -78.2% | 10.53% | 34.64% | -6.19% |
| Operating CF Growth % | 87.72% | -56.18% | 47.93% | 30.71% | -592.54% | -75.78% | 643.62% | - |
| Net Income | -57.19M | -2.1M | -21.44M | -2.54M | -14.23M | 4.06M | 5.1M | 2.44M |
| Depreciation & Amortization | 412.53K | 113.01K | 0 | 0 | 1.14M | 481.99K | 203.53K | 341.93K |
| Stock-Based Compensation | 0 | 0 | 0 | 10.13K | 140.47K | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | -77.65K | 124.06K | 197.89K | 356.09K | -112.74K |
| Other Non-Cash Items | 55.21M | 376.8K | 22.79M | -99.03K | 5.3M | 193.98K | 15.55K | 69.47K |
| Working Capital Changes | 1.04M | -2.64M | -4.07M | -2.52M | -20K | -3.4M | 644.22K | -3.9M |
| Change in Receivables | 1.19M | -2.69M | -503.24K | -2.54M | -4.35M | -1.67M | 1.35M | -162.5K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | -1.28M | 0 | -1.75M |
| Change in Payables | 397.4K | 95.84K | 0 | -994.01K | 3.92M | -650.18K | -90.44K | -1.72M |
| Cash from Investing | 0 | -982.86K | -47.37M | -5.27M | -10.36M | -3.24M | -2.04M | -55.32K |
| Capital Expenditures | 0 | -768.8K | 0 | -470.81K | 0 | -105.39K | -566.89K | -644.48K |
| CapEx % of Revenue | 0% | 53.47% | - | - | 22.28% | 0.73% | 3.11% | 3.43% |
| Acquisitions | 0 | 0 | 0 | 0 | -1.29M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -114K | -47.37M | -4.8M | -2.15M | -3.14M | -1.49M | 589.16K |
| Cash from Financing | 645.02K | 9.91M | 49.57M | 5.54M | 22.34M | -233.38K | -3.45M | 2.43M |
| Debt Issued (Net) | 645.02K | 0 | 2.95M | 5M | 1.47M | 0 | -1.27M | 2.23M |
| Equity Issued (Net) | 0 | 5.7M | 52.47M | 5.29M | 22.85M | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 4.21M | -5.85M | -4.75M | -1.98M | -233.38K | -2.17M | 202.1K |
| Net Change in Cash | 419.59K | 4.64M | -552.64K | -5.25M | 4.61M | -1.83M | 798.05K | 1.09M |
| Free Cash Flow | -521.73K | -5.02M | -2.72M | -5.22M | -9.69M | -1.71M | 4.27M | -1.81M |
| FCF Margin % | -5.99% | -348.92% | -971.41% | - | -100.47% | -11.78% | 23.38% | -9.62% |
| FCF Growth % | 89.6% | -84.45% | 47.93% | 46.07% | -465.86% | -140.12% | 336.1% | - |
| FCF per Share | -0.07 | -2.51 | -6.91 | -3631.72 | -1654.45 | -271.21 | 898.30 | -380.48 |
| FCF Conversion (FCF/Net Income) | 0.01x | 2.02x | 1.06x | 0.34x | 0.54x | 0.38x | 1.30x | -0.45x |
| Interest Paid | 0 | 0 | 0 | 0 | 285K | 209.82K | 377.94K | 270.19K |
| Taxes Paid | 0 | 0 | 0 | 0 | 124.81K | 60.52K | 251.08K | 36.58K |
Liquidity and operational burn
According to historical cash flow statements, Infobird's operating cash flow frequently decouples from net income, as evidenced by the 2025Q4 period where the company reported a $55.6 million net loss alongside a $1.6 million cash outflow, indicating a persistent inability to convert accounting profits into liquidity.
The wide variance between net income and operating cash flow suggests that the company's accrual-based accounting is not capturing the underlying cash reality of its service-heavy business model. Investors should monitor this disconnect, as it implies that reported earnings may be significantly impacted by non-cash charges or timing differences that do not benefit the firm's actual cash position.
As reported in financial filings, Infobird's free cash flow trajectory is highly erratic, swinging from a positive $1.1 million in 2025Q2 to a negative $1.6 million in 2025Q4, which highlights the company's struggle to maintain consistent cash generation amidst its aggressive pursuit of revenue growth.
The lack of a stable free cash flow trend suggests that the company's operational model is highly sensitive to project-based revenue cycles. This volatility warrants further investigation into whether the firm can achieve sustainable cash flow positive operations without relying on external financing to bridge its recurring operational deficits.
Based on the provided cash flow data, working capital changes have been a primary driver of cash flow volatility, with a significant $4.8 million outflow in 2024Q4 contrasting with a $2.4 million inflow in 2025Q2, suggesting inconsistent efficiency in managing receivables and payables across different reporting periods.
These fluctuations in working capital appear to indicate that the company's cash collection cycles are not yet optimized, potentially reflecting the lumpy nature of its BPO and software licensing contracts. Such instability in the cash conversion cycle may indicate underlying challenges in managing client payment terms or inventory-like service obligations.
As indicated by the company's financial statements, the cash flow data reveals a reliance on minimal capital expenditure, yet the persistent negative operating cash flow suggests that the business model's core service delivery costs are not being adequately covered by current revenue streams, regardless of accounting adjustments.
The absence of significant capital expenditure suggests that the company is not investing heavily in tangible assets, yet the cash burn persists, which may imply that the costs are being funneled into operational overheads that do not yield immediate cash returns. This warrants caution, as the company's cash reserves appear insufficient to sustain such a burn rate over the long term.
Quick answers to the most common questions about buying IFBD stock.
Infobird Co., Ltd (IFBD) generated $-0.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Infobird Co., Ltd (IFBD) reported negative free cash flow of $0.5M in 2025, indicating capital requirements exceeded cash from operations.
Infobird Co., Ltd (IFBD) 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.