Operational cash flow remains deeply negative, with a $7.7 million free cash flow deficit in 2026Q1 exacerbated by $4.8 million in acquisition-related capital outflows.
| Cash from Operations | -15.29M | -11.81M | -5.35M | -2.68M |
| Operating CF Margin % | - | -1333.51% | -1004.16% | -438.25% |
| Operating CF Growth % | -126.04% | -120.69% | -99.41% | - |
| Net Income | -35.26M | -29.59M | -13.78M | 10.14K |
| Depreciation & Amortization | 1.09M | 910.58K | 12.69K | 885.83K |
| Stock-Based Compensation | 1.89M | 975.67K | 6.89M | 2.5M |
| Deferred Taxes | 0 | 0 | 608.5K | -608.5K |
| Other Non-Cash Items | 16.38M | 15.76M | 1.55M | -5.56M |
| Working Capital Changes | 606.31K | 132.12K | -628.73K | 88.75K |
| Change in Receivables | -742.52K | -366.59K | -158.95K | 67.19K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 40.62K | -453.42K | 257.65K | -74.19K |
| Cash from Investing | -11.17M | -5.36M | -533.05K | -1.28M |
| Capital Expenditures | -2.95M | -1.67M | -533.05K | -3.98M |
| CapEx % of Revenue | 216.86% | 188.17% | 100.05% | 649.56% |
| Acquisitions | -4.82M | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 227.55K | 0 | 0 | 2.69M |
| Cash from Financing | 27.62M | 17.32M | 6.82M | 4.09M |
| Debt Issued (Net) | -5.06M | -6.23M | 3.11M | 1.99M |
| Equity Issued (Net) | 32.7M | 23.55M | 12K | 1.65M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -23.65K | 0 | 3.7M | 444.29K |
| Net Change in Cash | 1.19M | 148.98K | 933.73K | 119.61K |
| Free Cash Flow | -17.56M | -13.47M | -5.88M | -6.66M |
| FCF Margin % | -1290.28% | -1521.68% | -1104.21% | -1087.8% |
| FCF Growth % | - | -129.02% | 11.66% | - |
| FCF per Share | -0.32 | -0.47 | -0.45 | -1.10 |
| FCF Conversion (FCF/Net Income) | 0.50x | 0.40x | 0.39x | -264.46x |
| Interest Paid | 202.24K | 0 | 67.68K | 111.32K |
| Taxes Paid | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency
As reported in recent financial statements, NUAI's operating cash flow remains consistently negative, with the 2026Q1 OCF/NI ratio of 0.71 highlighting a structural inability to bridge the gap between accounting losses and actual cash generation, suggesting that the business model is currently consuming rather than creating liquidity.
The persistent divergence between net income and operating cash flow indicates that the company's accounting losses are not merely non-cash accounting artifacts but reflect genuine cash-based operational outflows. Investors should monitor whether the company can achieve positive cash conversion, as the current reliance on external financing to cover operating deficits appears unsustainable.
Based on quarterly filings, NUAI's free cash flow has remained deeply negative throughout the last five quarters, reaching a trough of -$7.7 million in 2026Q1, which underscores a deteriorating cash position that necessitates frequent capital raises to maintain even minimal operational activity in the Pecos Slope.
The consistent FCF margin contraction suggests that the company's expansion efforts are significantly outpacing its ability to monetize assets. This trajectory implies that the firm is effectively subsidizing its growth through equity dilution, which may continue to pressure shareholder value until a clear path to positive cash flow is established.
According to recent SEC filings, NUAI's capital expenditure profile remains highly volatile, with a significant $4.8 million acquisition outlay in 2026Q1 that dwarfs the company's trailing revenue, indicating a strategy focused on aggressive asset accumulation rather than optimizing the productivity of existing infrastructure or achieving operational self-sufficiency.
The high capital intensity relative to revenue suggests that the company is in a heavy investment phase that may not be yielding immediate returns. The reliance on large acquisitions to drive the business model warrants further investigation into whether these assets are truly accretive or merely adding to the company's long-term depreciation burden.
As indicated by the quarterly data, NUAI's working capital changes have fluctuated significantly, swinging from a $1.0 million inflow in 2025Q3 to a $720.4 thousand outflow in 2025Q1, which suggests an unstable operational cycle that complicates the company's ability to manage its limited cash reserves effectively.
The erratic nature of these working capital shifts may imply difficulties in managing inventory or collecting receivables in a timely manner. Such volatility in the cash conversion cycle often serves as a leading indicator of operational friction, which may further exacerbate the company's existing liquidity constraints.
Based on reported figures, NUAI has directed its limited capital primarily toward acquisitions and operational expenditures rather than shareholder returns, with $4.8 million deployed for acquisitions in 2026Q1 alone, signaling a management priority on scaling the asset base despite the absence of positive operating cash flow.
This aggressive deployment strategy appears to prioritize long-term growth potential over immediate financial stability. Investors should monitor whether this capital allocation strategy can eventually generate sufficient returns to justify the current burn rate, or if it will lead to further dilution of existing equity holders.
Quick answers to the most common questions about buying NUAI stock.
New Era Energy & Digital, Inc. (NUAI) generated $-11.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
New Era Energy & Digital, Inc. (NUAI) reported negative free cash flow of $13.5M in 2025, indicating capital requirements exceeded cash from operations.
New Era Energy & Digital, Inc. (NUAI) spent $1.7M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.