Operational sustainability remains compromised as the company reported a $263.4K free cash flow deficit in 2025Q4, highlighting a persistent inability to generate internal liquidity.
| Cash from Operations | -1.01M | -8.87M | -4.81M | 515.3K | -1.08M | 78.61K |
| Operating CF Margin % | -35.1% | -142.75% | -50.45% | 6.28% | -13.57% | 1.83% |
| Operating CF Growth % | 88.6% | -84.42% | -1033.66% | 147.59% | -1477.43% | - |
| Net Income | -10.19M | -16.8M | 813.75K | 3.45M | 3.24M | 554.99K |
| Depreciation & Amortization | 60.32K | 209.8K | 131.69K | 8.5K | 8.58K | 3.13K |
| Stock-Based Compensation | 0 | 60K | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | -5.49M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 8.75M | 11.7M | 951.64K | 1.06M | -4.11M | 598.72K |
| Working Capital Changes | 366.84K | -4.05M | -6.71M | -4.01M | -219.44K | -1.08M |
| Change in Receivables | -102.79K | -2.69M | -5.21M | -5.43M | -324.43K | -971.44K |
| Change in Inventory | 0 | -2.27M | -103.93K | 73K | 104.99K | -171.99K |
| Change in Payables | 604.4K | -50.41K | -47.79K | 81.53K | 1.42K | 11K |
| Cash from Investing | -66.49K | 121.14K | -1.49M | -26.29K | -10.2K | 54.42K |
| Capital Expenditures | -66.49K | -24.65K | -309.58K | -26.78K | -7.09K | -61.7K |
| CapEx % of Revenue | 2.31% | 0.4% | 3.25% | 0.33% | 0.09% | 1.43% |
| Acquisitions | 0 | -115.74K | -1.18M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 1.18M | 490 | -3.11K | 0 |
| Cash from Financing | 4.7M | 3.74M | 12.85M | -164.06K | 386.14K | 575.31K |
| Debt Issued (Net) | 0 | - | - | - | - | - |
| Equity Issued (Net) | 4.92M | - | - | - | - | - |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -224.09K | 7.56K | 0 | -173.1K | 161.19K | 0 |
| Net Change in Cash | 3.63M | -5M | 6.61M | 322.28K | -712.23K | 620.81K |
| Free Cash Flow | -1.08M | -8.9M | -5.12M | 488.52K | -1.09M | 16.91K |
| FCF Margin % | -37.41% | -143.14% | -53.69% | 5.95% | -13.66% | 0.39% |
| FCF Growth % | 87.88% | -73.75% | -1148.21% | 144.82% | -6545.17% | - |
| FCF per Share | -3.11 | -7.25 | -4.30 | 0.59 | -1.31 | 0.02 |
| FCF Conversion (FCF/Net Income) | 0.10x | 0.53x | -5.91x | 0.15x | -0.33x | 0.12x |
| Interest Paid | 0 | - | - | - | - | - |
| Taxes Paid | 0 | - | - | - | - | - |
Existential Liquidity Depletion
According to historical cash flow statements, JZXN exhibits a profound disconnect between net income and operating cash flow, as evidenced by the 2025Q4 net loss of $9.5 million failing to translate into meaningful cash generation, underscoring the poor quality of earnings and reliance on external financing.
The persistent gap between accounting losses and cash outflows suggests that the company's reported net income is heavily impacted by non-cash items or accounting adjustments that do not reflect the underlying cash burn. Investors should monitor this divergence, as it indicates that the business model is unable to generate self-sustaining cash flow from its core dealership operations.
As reported in financial filings, JZXN has consistently posted negative free cash flow, with the most recent 2025Q4 period showing a deficit of $263.4K, which highlights the company's inability to cover even minimal capital requirements amidst a broader trend of severe revenue contraction.
The trajectory of free cash flow remains deeply concerning, as the company has failed to achieve positive margins in almost all observed periods. This trend suggests that the current operating structure is fundamentally incapable of reaching a break-even point without significant changes to the cost base or revenue model.
Based on the provided cash flow data, JZXN's working capital dynamics are highly erratic, with a $482.7K inflow in 2025Q4 contrasting sharply with the $845.8K outflow observed in 2022Q4, indicating significant instability in the company's ability to manage its inventory and supplier payment cycles effectively.
The volatility in working capital changes suggests that the company may be struggling to manage its inventory turnover or is experiencing inconsistent payment terms with its suppliers. Such instability often precedes liquidity crises in micro-cap entities, warranting further investigation into the nature of these short-term balance sheet fluctuations.
As evidenced by the company's financial disclosures, the cash flow statement obscures the impact of stock-based compensation and potential capitalized costs, which, when combined with the $540.0K SBC charge in 2023Q2, suggest that the true cash cost of operations is higher than the reported operating cash flow figures.
The reliance on non-cash adjustments to manage the appearance of operating cash flow may mask the true extent of the company's cash burn. Analysts should be wary of these adjustments, as they often serve to hide the underlying operational inefficiencies that are currently driving the company's negative cash position.
Quick answers to the most common questions about buying JZXN stock.
Jiuzi Holdings, Inc. (JZXN) generated $-1.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Jiuzi Holdings, Inc. (JZXN) reported negative free cash flow of $1.1M in 2025, indicating capital requirements exceeded cash from operations.
Jiuzi Holdings, Inc. (JZXN) spent $0.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.