Liquidity remains a primary concern, as evidenced by a $729,000 working capital outflow in 2025Q3 and a persistent reliance on stock-based compensation, which reached $449,000 in 2025Q2 to preserve cash.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 |
|---|
| Cash from Operations | 884K | 439K | -3.56M | -7.72M | -6.58M | -7.43M | -9.14M | -6.75M | -6.69M | -3.55M | -12.38M | -13.7M | -8.47M | -10.2M | 220K | -1.72M | 1.27M | -413K | -2.94M | -1.21M | -3.63M | -9.1M | -13.24M | -17.94M | -11.12M | -4.75M | -8.74M |
| Operating CF Margin % | - | 2.75% | -23.42% | -82.03% | -74.32% | -122.03% | -292.32% | -235.82% | -388.28% | -228% | -748.82% | -50.59% | -30.76% | -32.41% | 0.69% | -8.57% | 5.75% | -1.72% | -12.68% | -5.18% | -14.04% | -26.93% | -39.11% | -47.78% | -28.9% | -18.34% | -37.96% |
| Operating CF Growth % | 384.01% | 112.33% | 53.9% | -17.39% | 11.53% | 18.67% | -35.34% | -0.96% | -88.45% | 71.32% | 9.66% | -61.71% | 16.96% | -4738.18% | 112.81% | -235.6% | 406.78% | 85.95% | -142.49% | 66.58% | 60.15% | 31.29% | 26.19% | -61.41% | -134.14% | 45.7% | - |
| Net Income | -1.25M | -4.29M | -5.85M | -12.18M | -8.52M | -10.6M | -13.24M | -15.69M | -20.69M | -8.27M | -10.14M | -13.94M | -15.99M | -8.33M | -9.78M | -3.13M | -1.92M | -495K | -2.11M | -3.43M | -14.99M | -34.37M | -22.96M | -21.36M | -7.4M | -8.66M | -9.83M |
| Depreciation & Amortization | 1.66M | 1.51M | 1.52M | 1.52M | 1.44M | 1.36M | 1.41M | 1.26M | 743K | 262K | 489K | 2.25M | 2.75M | 2.28M | 2.1M | 708K | 855K | 882K | 950K | 1.95M | 4.28M | 4.01M | 8.75M | 3.99M | 3.68M | 1.91M | 1.51M |
| Stock-Based Compensation | 1.7M | 1.88M | 1.74M | 3.8M | 2.03M | 703K | 668K | 529K | 49K | 52K | 611K | 939K | 462K | 731K | 1.01M | -14K | 202K | 402K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.99M | 10.69M | 1.98M | -4.38M | 631K | 62K | -25K | 11.57M | 3.13M | 22K | -400K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 180K | 1.77M |
| Other Non-Cash Items | -121K | 69K | -1.56M | -221K | -1.14M | 2.74M | 4.51M | 1.04M | 3.7M | -274K | 275K | 1.94M | 5.41M | 420K | -3.72M | -3.13M | -3K | 1.04M | -888K | 616K | 9.38M | 17.17M | 393K | 1.83M | 130K | 1.5M | 842.56K |
| Working Capital Changes | -1.09M | 1.27M | 606K | -643K | -395K | -1.63M | -2.49M | 109K | -1.17M | 2.7M | 765K | -5.52M | -1.17M | -5.28M | -961K | 722K | 2.11M | -1.84M | -894K | -346K | -2.29M | 4.09M | 567K | -2.4M | -7.53M | 329K | -3.05M |
| Change in Receivables | -872K | 438K | -483K | -745K | 327K | -1.64M | -850K | -541K | -495K | -33K | 133K | -8.49M | -2.76M | -2.91M | -2.21M | 72K | 1.11M | -1.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | -198K | -340K | 324K | -144K | -214K | -166K | 13K | -36K | -46K | 26K | -113K | 715K | 908K | -1.37M | -620K | 97K | 1.29M | -665K | -1.44M | 397K | 514K | 2.61M | 2.89M | -5.77M | -1.91M | -223K | -1.78M |
| Change in Payables | 408K | -10K | -169K | 165K | 112K | -243K | -1.88M | 309K | 500K | 3.08M | -365K | 2.03M | 801K | -576K | 1.03M | 364K | 60K | -212K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -295K | -223K | -126K | -277K | -682K | -96K | -55K | -97K | -42K | 1.01M | 1.79M | 3.63M | -1.77M | -4.88M | -508K | -6.23M | -377K | -399K | 3.08M | -195K | 1.65M | 2.38M | -2.72M | 5.93M | -9.39M | -22.16M | -3.46M |
| Capital Expenditures | -295K | -223K | -126K | -277K | -682K | -151K | -55K | -97K | -143K | -19K | -204K | -130K | -605K | -882K | -231K | -192K | -351K | -325K | -852K | -314K | -644K | -1.76M | -6.41M | -11.47M | -5.71M | -3.11M | -1.83M |
| CapEx % of Revenue | 1.37% | 1.4% | 0.83% | 2.94% | 7.71% | 2.48% | 1.76% | 3.39% | 8.3% | 1.22% | 12.34% | 0.48% | 2.2% | 2.8% | 0.72% | 0.96% | 1.59% | 1.35% | 3.68% | 1.34% | 2.49% | 5.2% | 18.94% | 30.54% | 14.83% | 12.01% | 7.94% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101K | 0 | 0 | 3.8M | -849K | -3.55M | 0 | -6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.19M | 0 | -187.29K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 55K | 0 | 0 | 0 | 1.02M | 1.99M | -45K | -312K | -445K | -277K | -34K | -26K | -74K | 3.94M | 119K | 139K | 4.14M | 82K | -2.87M | -1.35M | 4.68M | -1.44M |
| Cash from Financing | 663K | -329K | 1.74M | -225K | 16.27M | 9.34M | 9.66M | 6.81M | 7.1M | 2.21M | 8.99M | 10.07M | 7.37M | 14.6M | 1.73M | 5.76M | 0 | 0 | 0 | 5K | 7.92M | 6M | 7.29M | 1.75M | 1.94M | 64.88M | 12.17M |
| Debt Issued (Net) | -597K | -407K | -503K | -365K | -209K | 409K | 1.58M | 3.67M | -682K | 785K | 14K | 804K | 41K | -2.88M | 1.7M | -72K | 0 | 0 | 0 | 0 | -5.92M | 5.93M | 2.96M | 1.56M | -458K | -5.04M | 12.76M |
| Equity Issued (Net) | 1000K | 78K | 1000K | 129K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 24K | 1000K | 0 | 0 | 0 | 5K | 1000K | 71K | 1000K | 186K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -438K | 0 | -2.75M | 0 |
| Other Financing | 0 | 0 | 0 | 11K | 273K | 0 | 1.46M | 1.13M | 7.78M | -10K | 0 | 0 | -241K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -587.81K |
| Net Change in Cash | 1.25M | -113K | -1.94M | -8.22M | 9.01M | 1.81M | 467K | -40K | 370K | -334K | -1.17M | -17K | -2.87M | -449K | 1.49M | -2.19M | 871K | -952K | -145K | -868K | 5.73M | -239K | -8.49M | -9.88M | -18.58M | 38.04M | -34.12K |
| Free Cash Flow | 589K | 216K | -3.69M | -8M | -7.26M | -7.58M | -9.2M | -6.85M | -6.83M | -3.57M | -12.58M | -13.83M | -9.08M | -11.09M | -11K | -1.91M | 916K | -738K | -3.79M | -1.53M | -4.27M | -10.86M | -19.66M | -29.41M | -16.82M | -7.86M | -10.57M |
| FCF Margin % | 2.74% | 1.35% | -24.25% | -84.98% | -82.03% | -124.51% | -294.08% | -239.21% | -396.58% | -229.22% | -761.16% | -51.07% | -32.96% | -35.22% | -0.03% | -9.53% | 4.16% | -3.08% | -16.36% | -6.52% | -16.54% | -32.14% | -58.05% | -78.32% | -43.73% | -30.36% | -45.89% |
| FCF Growth % | 345.42% | 105.86% | 53.93% | -10.18% | 4.3% | 17.52% | -34.23% | -0.26% | -91.45% | 71.63% | 9.04% | -52.37% | 18.11% | -100681.82% | 99.42% | -308.52% | 224.12% | 80.53% | -148.43% | 64.27% | 60.67% | 44.76% | 33.16% | -74.83% | -114.11% | 25.68% | - |
| FCF per Share | 0.36 | 0.15 | -2.84 | -7.03 | -6.88 | -9.21 | -32.29 | -95.08 | -441.86 | -74254.13 | -9190.65 | -1.71 | -1.23 | -17247.66 | -24.07 | -4188.95 | 2011.15 | -1620.34 | -8323.45 | -3350.54 | -12925.17 | -40431.71 | -4335.69 | -6735.06 | -4027.53 | -2551.80 | -4392.02 |
| FCF Conversion (FCF/Net Income) | -0.47x | -0.10x | 0.61x | 0.63x | 0.77x | 0.70x | 0.69x | 0.43x | 0.32x | 0.47x | 0.38x | 0.98x | 0.53x | 1.23x | -0.02x | 0.55x | -0.66x | 0.83x | 1.39x | 0.35x | 0.24x | 0.26x | 0.58x | 0.84x | 1.50x | 0.55x | 0.89x |
| Interest Paid | 85K | 0 | 0 | 0 | 34K | 20K | 36K | 0 | 0 | 0 | 0 | 0 | 724K | 964K | 732K | 7K | 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 | 9K | 123K | 108K | 29K | 163K | 71K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and dilution
As reported in recent financial filings, Precipio's operating cash flow frequently decouples from net income, with the 2025Q3 period showing a net loss of $79,000 against a marginal $10,000 in operating cash, highlighting the persistent difficulty in converting accounting results into tangible liquidity for the firm.
The recurring divergence between net income and operating cash flow suggests that the company's reported earnings are heavily influenced by non-cash items and working capital volatility. Investors should monitor this disconnect, as it implies that the underlying business model is not yet generating the self-sustaining cash flow required to fund its own operations.
Based on the provided quarterly data, Precipio's free cash flow trajectory is highly erratic, swinging from a positive $521,000 in 2024Q4 to a negative $182,000 in 2025Q1, which underscores the instability of the company's cash-generating capacity during its current transition toward a product-heavy revenue model.
This lack of consistent free cash flow generation suggests that the company remains in a high-burn phase where operational success is not yet translating into reliable liquidity. The inability to maintain positive free cash flow margins warrants further investigation into whether the current cost structure is fundamentally misaligned with revenue growth.
According to recent SEC filings, working capital changes have been a primary driver of cash flow volatility, including a significant $729,000 outflow in 2025Q3, which suggests that the timing of collections and inventory management remains a major hurdle for the company's short-term liquidity management.
The erratic nature of these working capital shifts implies that the company may be struggling with the efficiency of its accounts receivable or inventory cycles. Such fluctuations make it difficult for analysts to determine the true operational health of the business, as cash flow is frequently distorted by these temporary balance sheet movements.
As noted in financial statements, Precipio consistently utilizes stock-based compensation, reaching $449,000 in 2025Q2, which effectively masks the true cash burn rate by substituting equity for cash expenses that would otherwise further deplete the company's already limited $1.389 million cash reserve.
This reliance on non-cash compensation suggests that management is attempting to preserve liquidity, yet it simultaneously highlights the structural inability of the business to cover its talent costs through operational revenue. Investors should be wary of this practice, as it may indicate that the company's true economic cost of operations is significantly higher than the cash flow statement suggests.
Quick answers to the most common questions about buying PRPO stock.
Precipio, Inc. (PRPO) generated $0.4M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Precipio, Inc. (PRPO) generated $0.2M in free cash flow in 2024. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Precipio, Inc. (PRPO) spent $0.2M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.