Free cash flow has deteriorated into a $965.0K outflow as of 2026Q3, highlighting a shift from the $281.1K positive generation observed in 2024Q4.
| Cash from Operations | -6.1M | -5.27M | 1.05M | -140.56K |
| Operating CF Margin % | - | -47.47% | 8.8% | -1.25% |
| Operating CF Growth % | -2360.75% | -602.69% | 846.18% | - |
| Net Income | -8.14M | -4.4M | 998.08K | 731.4K |
| Depreciation & Amortization | 416.91K | 1.41M | 1.17M | 810.69K |
| Stock-Based Compensation | 87.88K | 90.08K | 0 | 0 |
| Deferred Taxes | -147.85K | -156.27K | -27.81K | 212.5K |
| Other Non-Cash Items | 3.91M | 532.5K | 55.26K | 123.65K |
| Working Capital Changes | -2.22M | -2.75M | -1.15M | -2.02M |
| Change in Receivables | -606.79K | -223.22K | -1.06M | -394.1K |
| Change in Inventory | 445.3K | -501.93K | -74.78K | -1.86M |
| Change in Payables | 268.96K | 2.2M | 78.23K | 1.13M |
| Cash from Investing | -904.98K | -69.85K | -377.95K | -58.29K |
| Capital Expenditures | -13.08K | -69.85K | -127.95K | -58.29K |
| CapEx % of Revenue | 0.2% | 0.63% | 1.07% | 0.52% |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | -891.9K | 0 | -250K | 0 |
| Cash from Financing | 7.26M | 5.24M | 614.45K | 172.94K |
| Debt Issued (Net) | -230.22K | -1.03M | -185.58K | 172.94K |
| Equity Issued (Net) | 0 | 6.46M | 800.03K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | 7.49M | -193.85K | 0 | 0 |
| Net Change in Cash | 1.53B | -102.91K | 1.29M | -25.9K |
| Free Cash Flow | -492.72M | -5.34M | 670.86K | -198.85K |
| FCF Margin % | -7377.8% | -48.1% | 5.63% | -1.77% |
| FCF Growth % | -873847.02% | -896.3% | 437.38% | - |
| FCF per Share | -24.40 | -0.35 | 0.04 | -0.01 |
| FCF Conversion (FCF/Net Income) | 60.51x | 1.20x | 1.05x | -0.19x |
| Interest Paid | -27.12K | 33.2K | 27.84K | 0 |
| Taxes Paid | -293.51K | 400.94K | 1.6K | 800 |
Liquidity and operational burn
According to recent financial statements, the relationship between net income and operating cash flow has become increasingly erratic, with the OCF/NI ratio reaching 1.40 in 2026Q3, suggesting that non-cash adjustments and working capital swings are masking the underlying cash-generative capacity of the firm's core operations.
The wide variance in the conversion ratio indicates that reported net income is a poor proxy for the company's actual cash health. Investors should monitor whether these fluctuations are driven by temporary accounting timing or a fundamental inability to convert sales into realized cash inflows.
As reported in quarterly filings, Marwynn's free cash flow has shifted from a positive $281.1K in 2024Q4 to a significant outflow of $965.0K in 2026Q3, highlighting a concerning trend where the company is consistently consuming capital rather than generating sustainable returns for its shareholders.
This negative trajectory suggests that the current business model lacks the necessary scale to cover its operating expenses and overhead. The persistent cash burn warrants further investigation into whether the company can reach a breakeven point before its existing liquidity reserves are exhausted.
Based on the provided cash flow data, working capital changes have been highly inconsistent, swinging from a $2.2M inflow in 2026Q1 to a $370.8K outflow in 2026Q3, which indicates that the company is struggling to manage its inventory cycles and accounts receivable collections effectively.
Such volatility in working capital often points to operational inefficiencies in the supply chain or potential difficulties in managing vendor payment terms. This instability appears to be a primary driver of the company's unpredictable cash flow profile.
As indicated by the 2026Q2 data, the company recorded massive stock-based compensation charges of $58.6M, which significantly distorts the cash flow statement and complicates the assessment of true operational performance relative to the reported net loss of $896.3K during that same period.
The reliance on significant non-cash adjustments suggests that the reported cash flow figures may not fully capture the economic cost of the company's compensation structure. Investors should be cautious, as these adjustments may obscure the true extent of the cash burn occurring within the business.
Quick answers to the most common questions about buying MWYN stock.
Marwynn Holdings, Inc. Common stock (MWYN) generated $-5.3M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Marwynn Holdings, Inc. Common stock (MWYN) reported negative free cash flow of $5.3M in 2025, indicating capital requirements exceeded cash from operations.
Marwynn Holdings, Inc. Common stock (MWYN) 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.