Free cash flow remains highly volatile, swinging from a positive $563.6K in 2025Q4 to a negative $183.6K in 2026Q1, highlighting a reliance on erratic working capital fluctuations.
| Cash from Operations | -1.17M | -937.44K | -500.28K |
| Operating CF Margin % | - | -101.68% | -6234.04% |
| Operating CF Growth % | -23734.02% | -87.38% | - |
| Net Income | -4.06M | -2.77M | -1.37M |
| Depreciation & Amortization | 0 | 0 | 0 |
| Stock-Based Compensation | 550K | 550K | 0 |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | 707.46K | -162.14K | 0 |
| Working Capital Changes | 1.64M | 1.44M | 872.71K |
| Change in Receivables | -662.06K | -187.42K | -16.24K |
| Change in Inventory | 0 | 0 | 0 |
| Change in Payables | 420.21K | 854.28K | 599.72K |
| Cash from Investing | 2.13M | 0 | 0 |
| Capital Expenditures | -2.89K | 0 | 0 |
| CapEx % of Revenue | 0.25% | - | - |
| Acquisitions | 0 | 0 | 0 |
| Investments | - | - | - |
| Other Investing | 2.13M | 0 | 0 |
| Cash from Financing | 975.64K | 1.02M | 486.07K |
| Debt Issued (Net) | -2.71M | 2.24M | 453.47K |
| Equity Issued (Net) | 7.97M | 2.26M | 32.6K |
| Dividends Paid | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 |
| Other Financing | -4.28M | -3.49M | 0 |
| Net Change in Cash | 1.94M | 77.75K | -14.21K |
| Free Cash Flow | -1.17M | -937.44K | -500.28K |
| FCF Margin % | -102.62% | -101.68% | -6234.04% |
| FCF Growth % | - | -87.38% | - |
| FCF per Share | -0.08 | -0.06 | -0.04 |
| FCF Conversion (FCF/Net Income) | 0.29x | 0.34x | 0.36x |
| Interest Paid | 16.6K | 16.6K | 0 |
| Taxes Paid | 0 | 0 | 0 |
Imminent liquidity shortfall
As reported in recent financial filings, Nomadar Corp. exhibits a highly erratic relationship between net income and operating cash flow, with the OCF/NI ratio fluctuating wildly from 3.13 in 2025Q3 to 0.11 in 2026Q1, indicating that accounting earnings provide little insight into actual cash generation.
The significant variance between net losses and operating cash flow suggests that accrual-based accounting is heavily influenced by non-cash items or timing differences in revenue recognition. Investors should monitor this divergence closely, as it implies that the company's reported profitability metrics are currently decoupled from the underlying cash-generating capacity of its hospitality assets.
Based on the company's quarterly cash flow statements, free cash flow has swung from a positive $563.6K in 2025Q4 to a negative $183.6K in 2026Q1, highlighting a lack of consistent cash flow generation that appears to be tied to seasonal or operational instability.
The inability to maintain positive free cash flow suggests that the business model is not yet self-funding, even during periods of revenue growth. This trajectory warrants further investigation into whether the company can achieve sustainable cash flow before its limited liquidity reserves are fully exhausted.
According to recent SEC filings, Nomadar Corp.'s operating cash flow is heavily dependent on working capital fluctuations, such as the $2.1M inflow observed in 2025Q4, which appears to be the primary driver of liquidity rather than core operational performance or sustainable margin expansion.
These large, inconsistent swings in working capital suggest that the company may be relying on the timing of payables or deferred revenue to manage its immediate cash needs. Such reliance on working capital management to mask operational burn is a precarious strategy that may not be repeatable in future quarters.
As disclosed in financial statements, the company utilized $550.0K in stock-based compensation during 2025Q4, a figure that effectively masks the true economic cost of operations by shifting expenses away from the cash flow statement and into equity dilution for shareholders.
While this non-cash expense improves the appearance of cash flow in the short term, it represents a significant hidden cost that dilutes existing equity holders. Analysts should adjust for this compensation to understand the true cash burn rate, which appears significantly higher than the headline operating cash flow figures suggest.
Quick answers to the most common questions about buying NOMA stock.
Nomadar Corp. (NOMA) generated $-0.9M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Nomadar Corp. (NOMA) reported negative free cash flow of $0.9M in 2025, indicating capital requirements exceeded cash from operations.
Nomadar Corp. (NOMA) 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.