Liquidity remains under pressure with a $821,700 free cash flow burn in 2025Q4, reflecting a persistent inability to convert revenue into positive operating cash flow.
| Cash from Operations | -1.7M | -2.94M | -1.42M | -1.18M | 1.79M | 1.55M |
| Operating CF Margin % | -7.33% | -13.85% | -9.15% | -6.46% | 12.64% | 16.79% |
| Operating CF Growth % | 42.04% | -107.2% | -19.88% | -166.15% | 15.31% | - |
| Net Income | -5.48M | -845.84K | 969.6K | 1.07M | 1.65M | 607.73K |
| Depreciation & Amortization | 1.14M | 1.37M | 722.78K | 577.49K | 233.7K | 105.16K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.39M | -401.65K | 211.98K | 27.97K | 9.99K | 1.83M |
| Working Capital Changes | 246.81K | -3.06M | -3.32M | -2.86M | -106.14K | -996.98K |
| Change in Receivables | -1.49M | 617.18K | 437.68K | -1.75M | -1.13M | -49.87K |
| Change in Inventory | -710.01K | -4.66M | -3.45M | -2.03M | 370.97K | -1.82M |
| Change in Payables | -533.29K | 1.39M | -816.53K | 860.37K | -473.99K | 0 |
| Cash from Investing | -685.54K | -283.82K | 614.67K | -981.41K | -2.48M | -1.35M |
| Capital Expenditures | -427.1K | -325.26K | -314.2K | -1.39M | -1.09M | -32.99K |
| CapEx % of Revenue | 1.84% | 1.54% | 2.03% | 7.58% | 7.75% | 0.36% |
| Acquisitions | 208.7K | 94.64K | 0 | 0 | 23.32K | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -2.36K | 41.43K | 999.14K | -1.7M | -914.16K | -1.32M |
| Cash from Financing | 1.36M | 4.61M | 1.1M | 1.73M | 1.24M | -346.19K |
| Debt Issued (Net) | 1.36M | 1.43M | 1.1M | 517.06K | 199.81K | -346.19K |
| Equity Issued (Net) | -74 | 3.18M | 0 | 1.21M | 1.04M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -74 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -981.25K | 1.42M | 287.51K | -431.18K | 543.99K | -145.45K |
| Free Cash Flow | -2.13M | -3.26M | -2.72M | -2.57M | 691.8K | 1.52M |
| FCF Margin % | -9.18% | -15.39% | -17.56% | -14.04% | 4.9% | 16.43% |
| FCF Growth % | 34.65% | -20.01% | -5.78% | -471.27% | -54.37% | - |
| FCF per Share | -0.23 | -0.46 | -0.42 | -0.45 | 0.12 | 0.19 |
| FCF Conversion (FCF/Net Income) | 0.31x | 3.61x | -1.46x | -1.10x | 1.08x | 2.72x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 657 | 239 | 0 | 568K | 205.26K |
Imminent liquidity exhaustion risk
According to the provided financial data, LOBO's operating cash flow consistently trails net income, with the 2025Q4 period showing a net loss of $2.9M against an operating cash outflow of $487.5K, highlighting a persistent inability to convert accounting profits into tangible liquidity for the business.
The recurring divergence between net income and operating cash flow suggests that the company's reported earnings are heavily influenced by non-cash items or accruals that do not reflect actual cash generation. Investors should monitor this gap, as it implies that the business model is currently reliant on external financing rather than internal operational efficiency to sustain its activities.
As reported in recent financial statements, LOBO's free cash flow has remained negative for eight of the last nine quarters, with the 2025Q4 period recording a cash burn of $821.7K, underscoring the structural difficulty in achieving self-sustaining operations within the current competitive landscape.
The persistent negative free cash flow margin, which reached -7.4% in 2025Q4, indicates that capital expenditures are compounding the strain caused by operating losses. This trajectory suggests that the company is not yet at a scale where it can fund its own growth, necessitating a reliance on capital markets.
Based on the historical cash flow statements, working capital changes have been a significant drag on liquidity, with a $760.3K outflow in 2025Q4 alone, reflecting the challenges of managing inventory and receivables in a highly competitive and cyclical manufacturing environment.
The consistent negative impact of working capital changes suggests that the company is struggling to optimize its cash conversion cycle, likely due to extended payment terms or inventory build-ups. This inefficiency further exacerbates the liquidity pressure, as cash is trapped in the operating cycle rather than being available for core business needs.
Data from the cash flow statements reveals that stock-based compensation and capitalized costs are masking the true extent of the company's cash burn, with 2025Q4 showing a $354.9K adjustment for SBC that obscures the underlying operational cash deficit.
These adjustments suggest that the reported cash flow figures may be flattering the company's actual performance by excluding expenses that are effectively costs of doing business. Analysts should be wary of these non-cash adjustments, as they may indicate that the company's true cash burn is higher than the headline operating cash flow suggests.
Quick answers to the most common questions about buying LOBO stock.
Lobo EV Technologies Ltd. (LOBO) generated $-1.7M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Lobo EV Technologies Ltd. (LOBO) reported negative free cash flow of $2.1M in 2025, indicating capital requirements exceeded cash from operations.
Lobo EV Technologies Ltd. (LOBO) spent $0.4M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Lobo EV Technologies Ltd. (LOBO) spent $0.0M on share repurchases. This shows the company's commitment to returning capital to its equity investors.