Operating cash flow remains deeply negative, evidenced by a $20.6 million free cash flow outflow in 2026Q1 that threatens to exhaust the company's remaining $77,000 in cash reserves.
| Cash from Operations | -37.6M | -16K | -94M | -341M | -422M | -951M | 0 | -38.75M | -15.27M | 146M | -2.37M |
| Operating CF Margin % | - | - | -218.6% | -118.82% | -73.91% | -45.61% | - | -2.04% | -1.05% | 13.26% | - |
| Operating CF Growth % | -488.77% | 99.98% | 72.43% | 19.19% | 55.63% | - | 100% | -153.82% | -110.46% | 6262.94% | - |
| Net Income | -5M | -29K | -75M | -317M | -384M | -361M | -745M | -40.13M | -17.62M | -207M | -3.43M |
| Depreciation & Amortization | 6M | 0 | 1M | 4M | 6M | 20M | 12M | 289K | 89K | 4M | 16K |
| Stock-Based Compensation | 6.01M | 11K | 12M | 64M | 72M | 0 | 390M | 1.81M | 1.1M | 8M | 493K |
| Deferred Taxes | -41.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -5.89M | -2M | -7M | -2M | 20M | 158M | 118M | 833K | 140K | 73M | 0 |
| Working Capital Changes | -3.8M | 2M | -25M | -90M | -136M | -768M | 225M | -1.55M | 1.02M | 268M | 550K |
| Change in Receivables | -1.4M | 0 | 0 | 6M | 3M | 66M | 12M | 0 | 0 | 0 | 0 |
| Change in Inventory | -500K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -3.69M | 4M | -15M | -22M | -13M | -367M | 263M | -527K | 35K | 771K | 340K |
| Cash from Investing | -691.22M | -52K | -68M | 74M | -47M | -3M | 165M | -18.5M | -16M | -192M | -232K |
| Capital Expenditures | -2M | 0 | 0 | -3M | -2M | -2M | -2M | -11M | -614K | -36K | -232K |
| CapEx % of Revenue | 6.17% | - | - | 1.05% | 0.35% | 0.1% | 0.08% | 0.58% | 0.04% | 0% | - |
| Acquisitions | -585.2M | 0 | -133M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 2M | 0 | 0 | 9.59M | -15.39M | -354.96M | 0 |
| Cash from Financing | 545M | 72K | -1M | -5M | -22M | 7M | 1.05B | 10.07M | -5M | 212M | 4.36M |
| Debt Issued (Net) | 211.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 262M | 72M | -1M | 0 | 0 | 13M | 1.05B | 132M | -6M | 178M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -1M | 0 | 0 | 0 | -1M | -28M | -6M | -48M | 0 |
| Other Financing | 71.6M | -71.93M | 0 | -5M | -22M | -6M | -5M | -121.93M | 1M | 34M | 4.36M |
| Net Change in Cash | -36.02M | 4K | -165M | -275M | -505M | -947M | 1.21B | -47.18M | 56.48M | 166M | 1.73M |
| Free Cash Flow | -39.6M | -16K | -94M | -344M | -424M | -953M | -2M | -40.16M | -15.88M | 134M | -2.6M |
| FCF Margin % | -122.23% | - | -218.6% | -119.86% | -74.26% | -45.71% | -0.08% | -2.11% | -1.1% | 12.17% | - |
| FCF Growth % | -65.01% | 99.98% | 72.67% | 18.87% | 55.51% | -47550% | 95.02% | -152.91% | -111.85% | 5251.86% | - |
| FCF per Share | -0.87 | -0.00 | -3.66 | -14.50 | -18.92 | -45.45 | -0.47 | -2.12 | -0.84 | 9.81 | -0.19 |
| FCF Conversion (FCF/Net Income) | 7.92x | 0.00x | 1.25x | 1.08x | 1.10x | 2.63x | - | 0.30x | 0.07x | -0.71x | 0.69x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 1M | 6M | 0 | 1M | 0 | 0 | 0 | 0 |
Imminent liquidity exhaustion
As reported in financial statements, the relationship between net income and operating cash flow has become entirely decoupled, with the company posting a $17.0M net income in 2026Q1 while simultaneously suffering an $18.6M operating cash outflow, highlighting a complete lack of cash-generative quality in reported earnings.
The divergence between accounting profit and cash reality suggests that the reported net income is likely driven by non-cash accounting adjustments related to the divestiture rather than operational success. Investors should monitor this disconnect, as it indicates that the entity is unable to convert its paper gains into the liquidity required for ongoing corporate existence.
Based on the most recent quarterly data, LOGC's free cash flow trajectory remains deeply negative, with a $20.6M outflow in 2026Q1, confirming that the company continues to consume its remaining capital reserves despite the absence of any active retail operations or meaningful revenue-generating activities.
The persistent negative free cash flow suggests that the company's fixed administrative and legal costs are significantly outpacing its ability to preserve capital. This trajectory implies that the entity is effectively liquidating its remaining assets to cover overhead, leaving little room for a strategic pivot.
According to recent SEC filings, the company's capital deployment is dominated by a massive $585.2M net acquisition outflow in 2026Q1, which appears to be a direct consequence of the Wish platform divestiture rather than a strategic investment in new growth opportunities or shareholder return programs.
This significant outflow underscores the finality of the company's exit from its core business. The lack of dividends or share repurchases is consistent with a distressed entity that is prioritizing the settlement of legacy obligations over the preservation of shareholder value.
As indicated by the provided financial data, the cash flow statement obscures the severity of the company's liquidity crisis, as the $77,000 cash balance reported is insufficient to cover the historical quarterly burn rates observed in recent periods, suggesting an imminent risk of total capital depletion.
The reliance on non-operating cash flows to mask the underlying operational deficit warrants further investigation into the company's ability to meet its immediate regulatory and administrative liabilities. The current cash position appears to be at a critical threshold that may preclude any meaningful future corporate action.
Quick answers to the most common questions about buying LOGC stock.
ContextLogic Inc. (LOGC) generated $-0.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
ContextLogic Inc. (LOGC) reported negative free cash flow of $0.0M in 2025, indicating capital requirements exceeded cash from operations.
ContextLogic Inc. (LOGC) 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.