Milestone Scientific Inc. (MLSS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 86.84K | -226.13K | 81.78K | -1.76M | -1.01M | -1.51M | -973.91K | 783.65K | -1.22M | -1.25M | -1.05M | -1.02M | -2M | -1.09M | -1.14M | -2.29M | -1.51M | -388.56K | -1.56M | -1.1M |
| Operating CF Margin % | 4.02% | -10.99% | 3.46% | -75.93% | -45.16% | -75.07% | -38.74% | 42.27% | -54.17% | -55.11% | -51.14% | -35.17% | -77.13% | -48.62% | -51.51% | -139.14% | -55.82% | -13.65% | -73.93% | -45.45% |
| Operating CF Growth % | 108.61% | 85.04% | 108.4% | -325.12% | 17.24% | -21.33% | 7.53% | 176.56% | 39.2% | -14.33% | 7.72% | 55.37% | -32.91% | -180.43% | 26.78% | -108.03% | -55.76% | 39.17% | 30.25% | 64.88% |
| Net Income | -839.85K | -1.09M | -1.15M | -1.48M | -1.99M | -2.04M | -1.46M | 223.64K | -1.44M | -1.94M | -1.48M | -2.23M | -1.32M | -1.99M | -1.99M | -2.88M | -1.92M | -1.14M | -2.06M | -2.7M |
| Depreciation & Amortization | 48.03K | -57.18K | 39.08K | 50.98K | 45.31K | 33.96K | 33.21K | 31.52K | 36.15K | 31.5K | 39.34K | 39.73K | 39.8K | 34.56K | 76.36K | 38.63K | 16.81K | 16.7K | 21.38K | 14.84K |
| Stock-Based Compensation | 0 | -194.38K | 363.08K | 159.68K | 624.34K | 439.85K | 484.08K | 207.69K | 578.46K | 454K | 370.33K | 621.83K | 438.77K | 501.47K | 400.2K | 445.14K | 469.75K | 336.09K | 192.43K | 827K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -910.02K | 131.44K | 0 | 0 | 0 | 0 | 0 | 0 | -407.05K | 69.91K | -180.32K |
| Other Non-Cash Items | 316.18K | 1.66M | 0 | 209.78K | 0 | 206.9K | 244.7K | 90.03K | 514.73K | 1.2M | 397.14K | 56.79K | 126K | 362.97K | 265.68K | 288.13K | -17.38K | 154.98K | 231.26K | 264.64K |
| Working Capital Changes | 562.49K | -542.76K | 833.57K | -701.5K | 316.84K | -156.66K | -274.73K | 230.77K | -430.38K | -83.24K | -515.35K | 486.95K | -1.29M | -1.8K | 101.94K | -672.18K | -57.47K | 649.07K | -18.26K | 668.15K |
| Change in Receivables | 120.66K | 7.25K | -25.91K | -174.19K | -49.59K | 78.61K | -167.15K | 275K | -398.74K | 597.16K | 182.5K | 122.81K | -218.68K | 498.01K | -96.41K | 238.27K | -390.31K | 24.84K | -155.77K | 433.72K |
| Change in Inventory | 290.32K | 345.15K | -229.97K | 262.48K | -446.28K | -1.58K | -382.54K | -469.07K | -221.84K | -304.41K | -398.73K | -154.76K | -245.96K | -392.55K | -46.41K | -135.77K | -258.39K | 135.02K | -197.14K | 541.16K |
| Change in Payables | 472.22K | -250.28K | 1.08M | -723.15K | 1.16M | -363.38K | -339.88K | 323.07K | 794.78K | -685.79K | 484.63K | 25.8K | -630.74K | -287.5K | 34.66K | -21.95K | 964.73K | 12.16K | 379.56K | -93.83K |
| Cash from Investing | -1.63K | -3.12K | -6.23K | -4.47K | -1.3K | -3.53K | 0 | 965.51K | 2M | -514.3K | -475.49K | 2.45M | -4.43M | -4.7K | -3.91K | 85 | 0 | 4.3K | -6.41K | -7.16K |
| Capital Expenditures | -1.63K | 12.01K | -6.23K | -4.47K | -1.3K | -3.53K | 6.6K | -6.6K | 0 | -3.69K | 4 | -4 | -1.19K | -4.7K | -3.83K | 0 | 0 | 4.3K | -6.41K | -7.16K |
| CapEx % of Revenue | 0.08% | 0.58% | 0.26% | 0.19% | 0.06% | 0.18% | 0.26% | 0.36% | - | 0.16% | 0% | 0% | 0.05% | 0.21% | 0.17% | - | - | 0.15% | 0.3% | 0.3% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 510.61K | -4.47M | 0 | 0 | 0 | -85 | 85 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -15.12K | 0 | 0 | 0 | -2.98M | 2.97M | 0 | 2M | -510.61K | 4.47M | 2.45M | -4.43M | 3.83K | -85 | 85 | 0 | 0 | 0 | 0 |
| Cash from Financing | -3.43K | -3.41K | -4.56K | 796.58K | -2.28K | -2.52K | -2.6K | -2.54K | 241.43K | 2.57M | -2.16K | -2.16K | -2.16K | -2.06K | -2.25K | -2.17K | -2.06K | 657.86K | 78.54K | 136.28K |
| Debt Issued (Net) | -3.43K | -789.75K | -4.56K | 796.58K | -2.28K | -2.52K | -2.6K | -2.54K | -2.48K | -2.88K | -2.16K | -2.16K | -2.16K | -2.06K | -2.25K | -2.17K | -2.06K | -18.95K | -1.97K | -1.93K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -192.16K | 0 | 0 | 192.16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 786.34K | 0 | 0 | 0 | 192.16K | 0 | 0 | 51.75K | 2.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 676.81K | 80.51K | 138.2K |
| Net Change in Cash | 81.78K | -232.66K | 70.99K | -972.07K | -1.01M | -1.52M | -976.51K | 1.75M | 1.03M | 807.12K | -1.53M | 1.42M | -6.44M | -1.1M | -1.15M | -2.3M | -1.51M | 273.6K | -1.49M | -973.38K |
| Free Cash Flow | 85.21K | -214.12K | 75.54K | -1.77M | -1.01M | -1.52M | -967.32K | 777.06K | -1.22M | -1.25M | -1.05M | -1.02M | -2M | -1.09M | -1.15M | -2.29M | -1.51M | -384.26K | -1.57M | -1.11M |
| FCF Margin % | 3.94% | -10.4% | 3.2% | -76.12% | -45.22% | -75.24% | -38.48% | 41.92% | -54.17% | -55.27% | -51.14% | -35.17% | -77.18% | -48.83% | -51.68% | -139.14% | -55.82% | -13.5% | -74.24% | -45.75% |
| FCF Growth % | 108.44% | 85.87% | 107.81% | -327.61% | 17.14% | -21.25% | 8.15% | 175.92% | 39.24% | -14.18% | 8.03% | 55.37% | -32.99% | -184.79% | 26.84% | -106.69% | -54.82% | 39.84% | 30.15% | 64.75% |
| FCF per Share | 0.00 | -0.00 | 0.00 | -0.02 | -0.01 | -0.02 | -0.01 | 0.01 | -0.02 | -0.02 | -0.01 | -0.01 | -0.03 | -0.02 | -0.02 | -0.03 | -0.02 | -0.01 | -0.02 | -0.02 |
| FCF Conversion (FCF/Net Income) | -0.10x | 0.21x | -0.07x | 1.19x | 0.51x | 0.74x | 0.67x | 3.50x | 0.85x | 0.64x | 0.72x | 0.46x | 1.53x | 0.55x | 0.58x | 0.80x | 0.79x | 0.35x | 0.76x | 0.41x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |