Liquidity remains under pressure as the company recorded a $822.2K free cash flow deficit in 2026Q1, reflecting a structural inability to generate self-sustaining cash from operations.
| Metric | TTM | Dec'25 | 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 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | -1.29M | -1.25B | -521.49K | 48.56K | -111.42K | 2.14M | 804.45K | 873.53K | 750.14K | 2.38M | 879.82K | 1.35M | 52.21K | -93.9K | -907.46K | -1.19M | -638.52K | 158.79K | -1.98M | -1.14M | -399.55K | 2.18M | -603.24K | -729.04K | -1.86M | -4.22M | -1.69M | -1.4M | -1.52M | -2.17M | -3.05M |
| Operating CF Margin % | - | -8288.84% | -2.78% | 0.29% | -0.52% | 9.24% | 5.12% | 4.54% | 4.56% | 11.16% | 4.23% | 7.35% | 0.31% | -0.6% | -6.67% | -6.77% | -4.73% | 0.93% | -7.47% | -4.71% | -1.6% | 8.72% | -2.31% | -3.37% | -11.42% | -34.22% | -14.61% | -20.29% | -27.68% | -45.48% | -66.74% |
| Operating CF Growth % | 214.78% | -239565.38% | -1173.85% | 143.59% | -105.2% | 166.55% | -7.91% | 16.45% | -68.43% | 170.09% | -34.97% | 2491.21% | 155.61% | 89.65% | 23.45% | -85.65% | -502.12% | 108.01% | -74.48% | -184.48% | -118.3% | 461.9% | 17.26% | 60.86% | 55.85% | -150.01% | -20.55% | 7.67% | 30.24% | 28.73% | 4.69% |
| Net Income | -14.28M | -14.38B | -2.24M | -1.92M | 86.93K | 4.47M | -3.28M | 286.59K | -571.14K | -1.43M | 12.15M | 1.82M | 432.12K | -620.49K | -3.3M | -2.42M | -3.98M | -7.89M | -2.76M | -3.34M | -2.91M | -166.68K | 337.88K | -1.25M | -2.97M | -6.06M | -3.75M | -800K | -1.07M | -3.55M | -3.33M |
| Depreciation & Amortization | 1.84B | 1.84B | 1.58M | 1.39M | 1.28M | 759.16K | 596.9K | 462.93K | 432.04K | 313.65K | 279.39K | 197.69K | 246.58K | 281.34K | 324.51K | 397K | 519.69K | 580.77K | 643.2K | 751.04K | 875.72K | 642.77K | 862.6K | 978.71K | 930.46K | 2.07M | 684.3K | 200K | 194.21K | 272.12K | 230K |
| Stock-Based Compensation | 669.3M | 669.2M | 1.05M | 1.16M | 998.69K | 693.42K | 507.05K | 519.89K | 487.81K | 426.95K | 342.61K | 209.86K | 217.18K | 249.7K | 597.67K | 723.2K | 676.55K | 715.09K | 714.84K | 1.02B | 1.21B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 10.66B | 10.66B | -551K | -1.44M | -708K | -1.9M | 0 | 274K | -143.46K | 3.72M | -9.76M | 31.94K | 31.94K | 31.94K | 31.94K | 31.94K | 15.52K | -214.26K | 31.94K | 31.94K | 150.38K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.2B | -48.25M | 8.76K | 25.47K | 33.09K | 33.09K | 3.38M | 0 | 684.58K | 1.63M | 2.25M | 2.23M | 61.5K | 28.5K | 2.07M | 1.05M | 270K | 4.99M | 58.62K | -1.02B | -1.21B | 35.67K | 77.17K | -47.96K | -7.49K | 33.6K | 1.84M | -100K | 109.06K | 0 | 40K |
| Working Capital Changes | -251.87K | -62.89K | -372.09K | 835.85K | -1.8M | -1.9M | -400.24K | -669.88K | 544.9K | -651.5K | -2.12M | -904.19K | -937.1K | -64.89K | 1.44M | -965.67K | 1.86M | 1.98M | -667.27K | 283.41K | 370.82K | 1.67M | -1.88M | -409.86K | 186.11K | -255.01K | -469.14K | -800K | -752.09K | 1.11M | 10K |
| Change in Receivables | -136.06K | -122.95K | 111.6K | 960.16K | -83.62K | -463.73K | 724.49K | -469.83K | 320.15K | 179.55K | -507.99K | -462.18K | -469.11K | 81.5K | 1.28M | -1.98M | 845.81K | 1.63M | -810.75K | 69.18M | 321.09M | 0 | 0 | -1.28B | -74.24M | 0 | -745.08M | 0 | 0 | 0 | 70K |
| Change in Inventory | 1.41M | 720.68K | 467.55K | 192.64K | -447.17K | -1.96M | -16.93K | -906.58K | -74.06K | -660.83K | -211.35K | -368.76K | 147.76K | -164.02K | 519.99K | 237.6K | 181.62K | 1.82M | -1.49M | -87.75K | -154.89K | 745.82K | -1.2M | 391.37K | -333.41K | 185.09K | -1.24M | -300K | -284.45K | 543.68K | -230K |
| Change in Payables | -883.14K | 11.51K | -307.07K | -59.8K | -504.03K | 424.57K | -712.15K | 551.39K | 421.22K | -91.38K | -633.24K | -792.58K | -517.1K | -194.99K | 410.44K | 90.99M | 868.03M | -573.95K | 1.09M | -19.51M | -181.72M | 0 | 0 | -211.68M | 590.9M | 0 | 1.37B | 0 | 0 | 0 | 50K |
| Cash from Investing | -538.16K | -537.13M | -715.52K | -2.16M | -1.18M | -691.77K | -536.48K | -602.95K | -423.7K | -620.58K | -304.47K | -391.38K | -166.17K | -158.9K | -234.86K | -177.3K | -143.56K | 164.33K | -348.66K | -951.58K | -849.61K | -588.57K | -959.16K | -329.28K | -1.33M | -244.49K | -1.18M | -200K | -96.71K | -183.18K | -300K |
| Capital Expenditures | -618.54K | -537.13K | -788.33K | -2.16M | -1.18M | -691.77K | -536.48K | -602.95K | -423.7K | -620.58K | -304.47K | -391.38K | -166.17K | -158.9K | -234.86K | -177.3K | -143.56K | -285.67K | -348.66K | -951.58K | -849.61K | -588.57K | -359.16K | -329.28K | -454.4K | -244.49K | -514.57K | -200K | -96.71K | -183.18K | -300K |
| CapEx % of Revenue | 4.18% | 3.56% | 4.2% | 12.7% | 5.57% | 2.98% | 3.42% | 3.13% | 2.58% | 2.92% | 1.46% | 2.13% | 0.98% | 1.01% | 1.73% | 1.01% | 1.06% | 1.67% | 1.31% | 3.95% | 3.4% | 2.35% | 1.37% | 1.52% | 2.79% | 1.98% | 4.45% | 2.9% | 1.77% | 3.83% | 6.56% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -600K | 0 | -875.17K | 0 | -665.67K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 80.38K | -536.6M | -715.52K | 0 | 0 | 0 | 0 | 0 | -423.7M | -207.9K | -368.57M | -427.86M | -166.17M | -158.9M | -234.86M | -177.3M | -143.56M | 450K | -348.66M | -951.58M | -849.61M | 0 | 0 | -329.28M | -454.4M | 0 | -514.57M | 0 | 0 | 0 | 0 |
| Cash from Financing | 1.83M | 1.33B | 902.34K | 1.32M | -1.18M | 2.52M | 894.94K | -396.71K | -2.62M | 304.77K | -194.5K | -656.08K | 140.33K | 468.55K | 575.81K | 1.86M | 13.41K | 872.28K | -1.89M | 924.01K | 517K | -641.7K | 1.04M | 4.3M | 1.54M | 1.86M | 6.01M | 4.9M | 2.31M | 2.02M | 1.56M |
| Debt Issued (Net) | 2M | 1.5M | 973.8K | 1.46M | -500K | 625K | 735.35K | -420.02K | 2.12M | -26.95K | -531.15K | -943.28K | -46.83K | 462.06K | 531.79K | 1.1M | -14.4K | -15.11K | -2.08M | 824.01K | -105.13K | -649.67K | 911.72K | -1.64M | 212.43K | 1.3M | -3.67K | -500K | 0 | 1.95M | 0 |
| Equity Issued (Net) | 0 | -172.54K | -95.2K | -351.8K | -829.56K | -2.94K | -8.48K | 0 | -5.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.03M | 884.73K | 0 | 100K | 644.8K | 56.63K | 165.98K | 5.71M | 1.32M | 509.3K | 6.01M | 5.5M | 0 | 3.78K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.68K | -48.66K | -37.91K | -79.94K | 0 | 0 | -47.18M | 0 | -17.07K | -30.32K | 0 |
| Share Repurchases | 0 | -172.54K | -95.2K | -351.8K | -829.56K | -2.94K | -8.48K | 0 | -5.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200K | 0 | 0 | 0 | 0 | 0 | 0 | 1.27M |
| Other Financing | -172.54K | 1.33B | 23.75K | 212.81K | 151.75K | 1.9M | 168.06K | 23.31K | 279.18K | 331.72K | 336.66K | 287.2K | 187.16K | 6.48K | 44.01K | 762.39K | -1.71M | 2.67K | 190.11K | 0 | 0 | 0 | 0 | 310.8K | 1.54B | 50K | 47.18M | -100K | 2.32M | 91.96K | 1.56M |
| Net Change in Cash | 3.31K | -459.5M | -334.67K | -796.84K | -2.47M | 3.97M | 1.16M | -126.13K | -2.29M | 2.06M | 380.85K | 305.52K | 26.38K | 215.74K | -566.51K | 496.19K | -768.66K | 1.18M | -4.21M | -1.14M | -728.92K | 901.44K | -489.67K | 3.27M | -1.67M | -2.61M | 3.14M | 3.3M | 694.26K | -341.44K | -1.79M |
| Free Cash Flow | -1.82M | -1.25B | -1.31M | -2.12M | -1.29M | 1.45M | 267.96K | 270.58K | 326.44K | 1.76M | 575.35K | 961.6K | -113.96K | -252.8K | -1.14M | -1.36M | -782.08K | -126.88K | -2.33M | -2.09M | -1.25M | 1.59M | -962.4K | -1.06M | -2.32M | -4.46M | -2.2M | -1.6M | -1.61M | -2.36M | -3.35M |
| FCF Margin % | -12.31% | -8288.84% | -6.98% | -12.42% | -6.1% | 6.26% | 1.71% | 1.41% | 1.98% | 8.25% | 2.77% | 5.23% | -0.67% | -1.61% | -8.4% | -7.78% | -5.79% | -0.74% | -8.78% | -8.66% | -5% | 6.37% | -3.68% | -4.9% | -14.2% | -36.2% | -19.07% | -23.19% | -29.45% | -49.32% | -73.3% |
| FCF Growth % | 6.17% | -95319.87% | 38.08% | -63.39% | -189.13% | 442.05% | -0.97% | -17.11% | -81.41% | 205.16% | -40.17% | 943.82% | 54.92% | 77.87% | 16.17% | -74.24% | -516.39% | 94.56% | -11.67% | -67.17% | -178.34% | 265.68% | 9.06% | 54.33% | 48.09% | -102.69% | -37.64% | 0.81% | 31.56% | 29.65% | -1.52% |
| FCF per Share | -0.22 | -157.71 | -0.17 | -0.29 | -0.17 | 0.16 | 0.04 | 0.04 | 0.05 | 0.28 | 0.08 | 0.16 | -0.02 | -0.05 | -0.24 | -0.31 | -0.21 | -0.04 | -0.72 | -0.65 | -0.40 | 0.53 | -0.28 | -0.40 | -0.97 | -1.90 | -1.07 | -0.73 | -0.74 | -1.08 | -1.54 |
| FCF Conversion (FCF/Net Income) | 0.13x | 86.92x | 0.23x | -0.03x | -1.28x | 0.48x | -0.25x | 3.05x | -1.31x | -1.66x | 0.07x | 0.74x | 0.12x | 0.15x | 0.28x | 0.49x | 0.16x | -0.06x | 0.72x | 0.34x | 0.14x | -13.10x | -1.79x | 0.58x | 0.63x | 0.70x | 0.45x | 1.75x | 1.42x | 0.61x | 0.92x |
| Interest Paid | 251.1K | 0 | 0 | 0 | 0 | 176.09K | 94.42K | 100.05K | 0 | 2.76K | 13.26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 6.29K | 4.92K | 800 | 0 | 82.58K | 100.99K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity exhaustion from operations
As reported in recent financial filings, Socket Mobile's operating cash flow frequently decouples from net income, with the OCF/NI ratio fluctuating significantly, such as the 0.85 observed in 2026Q1, indicating that accounting accruals and non-cash adjustments are masking the underlying volatility of the company's core cash generation.
The persistent gap between net income and operating cash flow suggests that the company's reported losses are not fully capturing the cash-burn reality of its hardware-centric business model. Investors should monitor whether this divergence is driven by inventory management or deferred revenue recognition, as the current trend implies that earnings metrics may be providing an incomplete picture of the firm's liquidity health.
Based on the provided quarterly data, Socket Mobile's free cash flow trajectory remains consistently negative, with the company recording a cash outflow of $822.2K in 2026Q1, highlighting a structural inability to generate self-sustaining cash flow amidst a period of sustained revenue contraction and high fixed-cost overhead.
The recurring negative FCF margins suggest that the company is currently reliant on its existing cash reserves to fund ongoing operations and R&D initiatives. This trajectory warrants further investigation into how long the current cash position can support the business before external financing or further cost-cutting measures become necessary.
According to recent SEC filings, Socket Mobile's working capital changes have been highly erratic, swinging from a $450.4K inflow in 2025Q4 to a $467.9K outflow in 2026Q1, which suggests that the company is struggling to maintain efficient control over its inventory and accounts receivable cycles.
These fluctuations in working capital appear to be a primary driver of the company's inconsistent operating cash flow performance. The inability to stabilize these cycles may indicate that the company is facing challenges in matching its inventory procurement with the actual demand from its reseller and distributor network.
As evidenced by the quarterly data, stock-based compensation remains a consistent add-back to operating cash flow, with $170.1K recorded in 2026Q1, which effectively obscures the true economic cost of talent retention during a period where the company is failing to generate positive cash from its core operations.
While SBC is a standard non-cash expense, its persistence in the face of negative operating cash flow suggests that the company is utilizing equity to preserve cash. Analysts should consider whether this reliance on stock-based compensation is sustainable if the company's valuation continues to face pressure from its ongoing operational challenges.
Quick answers to the most common questions about buying SCKT stock.
Socket Mobile, Inc. (SCKT) generated $-1249.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Socket Mobile, Inc. (SCKT) reported negative free cash flow of $1.25B in 2025, indicating capital requirements exceeded cash from operations.
Socket Mobile, Inc. (SCKT) spent $0.5M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Socket Mobile, Inc. (SCKT) spent $0.2M on share repurchases. This shows the company's commitment to returning capital to its equity investors.