Operational cash flow remains deeply negative, with a $2.2M burn in 2025Q4 and a free cash flow margin of -64.5%, highlighting a persistent inability to convert service activity into self-sustaining liquidity.
| Cash from Operations | -4.23M | -3.02M | -4.85M | -3.11M | -1.81M | -1.6M |
| Operating CF Margin % | -34.55% | -27.77% | -97.01% | -44.21% | -41.36% | -47.89% |
| Operating CF Growth % | -39.88% | 37.72% | -56.29% | -71.42% | -13.34% | - |
| Net Income | -9.24M | -4.36M | -5.47M | -3.07M | -1.89M | -2.1M |
| Depreciation & Amortization | 923.24K | 994.78K | 485.69K | 323.41K | 239.19K | 329.62K |
| Stock-Based Compensation | 32.48K | 93.39K | 537.76K | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 4.74M | 88.6K | -119.99K | 16.68K | 23.21K | 3.71K |
| Working Capital Changes | -684.51K | 162.05K | -288.66K | -372.37K | -181.19K | 165.6K |
| Change in Receivables | -254.96K | -10.48K | -154.51K | -127K | 99.31K | 163.86K |
| Change in Inventory | 0 | 0 | 0 | -331.57K | -95.45K | -273.87K |
| Change in Payables | 812.55K | -79.19K | 294.5K | -29.76K | -255.39K | 269.59K |
| Cash from Investing | -151.69K | -1.28M | -4.53M | 855.4K | -913.04K | -23.74K |
| Capital Expenditures | -91.91K | -27.05K | -50.41K | -15.33K | -42.31K | -23.74K |
| CapEx % of Revenue | 0.75% | 0.25% | 1.01% | 0.22% | 0.97% | 0.71% |
| Acquisitions | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - |
| Other Investing | -94.63K | -186.86K | -737.2K | 870.73K | -870.73K | 0 |
| Cash from Financing | 8.16M | 5.12M | 9.35M | 1.31M | 3.77M | 1.42M |
| Debt Issued (Net) | - | - | - | - | - | - |
| Equity Issued (Net) | 6.24M | 5.69M | 11.16M | 0 | 4.71M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.57M | -1 | 794.74K | -676.32K | -636.9K | 0 |
| Net Change in Cash | 3.44M | 954.02K | -109.63K | -919.5K | 1.05M | -198.71K |
| Free Cash Flow | -4.42M | -3.24M | -5.64M | -3.12M | -1.85M | -1.62M |
| FCF Margin % | -36.07% | -29.74% | -112.75% | -44.43% | -42.32% | -48.6% |
| FCF Growth % | -36.39% | 42.63% | -80.76% | -68.34% | -14.29% | - |
| FCF per Share | -0.17 | -0.15 | -0.29 | -0.16 | -0.11 | -0.10 |
| FCF Conversion (FCF/Net Income) | 0.46x | 0.70x | 0.89x | 1.02x | 0.99x | 0.83x |
| Interest Paid | 15.68K | 38.52K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and cash exhaustion
As reported in financial statements, OMH's operating cash flow consistently trails net losses, with the OCF/NI ratio fluctuating significantly; in 2025Q4, the company reported a net loss of $4.2M while burning $2.2M in cash, highlighting the structural inability to convert operational activity into positive cash generation.
The persistent gap between net income and operating cash flow suggests that the company's accounting losses are not merely non-cash items but reflect actual cash outflows required to sustain operations. Investors should monitor this divergence, as it indicates that the underlying business model remains fundamentally cash-consumptive rather than self-funding.
Based on OMH's reported figures, free cash flow margins have remained deeply negative, reaching -64.5% in 2025Q4, which underscores the company's ongoing struggle to achieve a self-sustaining financial profile despite its attempts to scale the platform across multiple regional markets and service verticals.
The consistent negative FCF trajectory suggests that the company is not yet close to an inflection point where operational scale covers its fixed cost base. This trend warrants further investigation into whether the current cash burn is a temporary byproduct of growth or a permanent feature of the firm's high-touch service model.
According to recent SEC filings, working capital movements have been erratic, with a significant $890.1K outflow in 2025Q4, suggesting that the company's ability to manage its cash conversion cycle is being hampered by the timing of its transactional brokerage and ancillary service revenue recognition.
The volatility in working capital appears to reflect the inherent difficulty in timing cash receipts against the fixed costs of maintaining a full-stack brokerage. This instability may indicate that the company lacks the bargaining power to optimize its payables or accelerate its receivables effectively in a competitive market.
As evidenced by historical data, OMH has utilized its limited capital for acquisitions, such as the $3.7M outlay in 2023Q4, rather than focusing on internal cash generation, which has left the company with a precarious $4.5M cash position against ongoing operational deficits.
The decision to deploy capital toward acquisitions while the core business remains cash-flow negative appears to have accelerated the depletion of the firm's liquidity. This strategy suggests a management focus on inorganic growth that may be misaligned with the immediate necessity of achieving operational sustainability.
Quick answers to the most common questions about buying OMH stock.
Ohmyhome Limited (OMH) generated $-4.2M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Ohmyhome Limited (OMH) reported negative free cash flow of $4.4M in 2025, indicating capital requirements exceeded cash from operations.
Ohmyhome Limited (OMH) 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.