Liquidity remains under severe pressure with cash reserves dwindling to $192.7K, forcing the company to rely on volatile working capital swings to offset persistent operational cash burn.
| Metric | TTM | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Dec'06 | Dec'04 |
|---|
| Cash from Operations | -3.99M | -3.93M | -5.39M | -5.71M | -14.65M | -4.66M | 3.5M | 9.85M | -2.74M | 13.29M | 2.65M | 9.48M | -5.09M | -493.86K | -240.57K |
| Operating CF Margin % | - | -40.1% | -979.26% | -261.27% | -484.81% | -19.66% | 11.21% | 22.43% | -8.17% | 37.75% | 8.11% | 30.28% | -14.62% | -23.49% | -7.65% |
| Operating CF Growth % | 54.44% | 27.09% | 5.64% | 61.01% | -214.64% | -233.09% | -64.47% | 458.83% | -120.65% | 402.13% | -72.07% | 286.33% | -929.77% | -105.29% | - |
| Net Income | -38.9M | -22.45M | -10.71M | -24.63M | -21.44M | -1.1M | 881.79K | 7.53M | 8.62M | 8.29M | 7.44M | 7.97M | 5.96M | 495.25K | 495.25K |
| Depreciation & Amortization | 4.79M | 4.99M | 663.16K | 1.56M | 878.35K | 1.17M | 791.53K | 698.23K | 575.2K | 871.1K | 811.13K | 699.98K | 733.96K | 22.05K | 22.05K |
| Stock-Based Compensation | 2.33M | 2.87M | 1.11M | 0 | 0 | 1.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -1.08M | -771.68K | -194.56K | -285.81K | 0 | 244.48K | -170.48K | -28.14K | 86.78K | -120.77K | -64.42K | -92.8K | 0 | 0 | 0 |
| Other Non-Cash Items | 10.22M | 11.21M | 4.23M | 17.27M | 18.38M | 313.03K | 434K | 1.58M | -86.36K | -1.26M | -1.21M | -1.79M | 75.41K | 210.76K | 464.05K |
| Working Capital Changes | 1.56M | 221.97K | -483.02K | 380.97K | -12.47M | -6.31M | -2.5M | 10.39K | -10.7M | 5.66M | -4.17M | 2.83M | -11.86M | -1.22M | -1.22M |
| Change in Receivables | 4.37M | 10.52M | 186.65K | -834.89K | -2.83M | -2.65M | 3.77M | -3.57M | -8.14M | -8.39K | -3.48M | 538.85K | 1.71M | -1.33M | -1.33M |
| Change in Inventory | 15.16M | 516.97K | 474.1K | -1.65M | -4.61M | 148.54K | 68.01K | -25.03K | 2.12M | 2.83M | -2.81M | 2.19M | -1.28M | 111.09K | 111.09K |
| Change in Payables | 5.35M | 1.36M | -147.78K | -75.01K | -37.67K | -65.94K | -1.99M | 2.15M | -96.14K | 105.38K | 133.06K | -472.35K | -2.46M | 0 | 0 |
| Cash from Investing | -10.02M | -20.98M | 1.03M | -36.02M | 1.26M | 104.78K | -246.39K | -748.96K | -725.83K | 3.95M | -1.23M | -12.23M | -5.25M | -28.71K | 50.34K |
| Capital Expenditures | -34.56K | -264.8K | -18.85K | -309.46K | 0 | -11.05K | -137.81K | -1.76M | -49.86K | -498.77K | -101.62K | -1.12M | -3.68M | -121.95K | -121.95K |
| CapEx % of Revenue | 0.35% | 2.7% | 3.42% | 14.15% | 0% | 0.05% | 0.44% | 4.02% | 0.15% | 1.42% | 0.31% | 3.59% | 10.58% | 5.8% | 3.88% |
| Acquisitions | 7.89M | -12.88M | -10.38M | -13.31M | 0 | 79.22K | 0 | 23.3K | -2.06M | 0 | 0 | -8.87M | -1.57M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -17.82M | -7.81M | 11.43M | -22.4M | 1.26M | 36.6K | -108.58K | 777.92K | 588.27K | 3.98M | -1.13M | -2.23M | -2.42M | 93.24K | 172.28K |
| Cash from Financing | 13.81M | 11M | 4.48M | 28.41M | 7.24M | 2.63M | 1.81M | -485.48K | 5.38M | -255.92K | 1.53M | 3.87M | -382.74K | 582.39K | 250.05K |
| Debt Issued (Net) | -331.03K | 522.16K | -287.66K | 17M | 3M | -7.11K | 178.31K | -417.92K | 0 | -378.35K | 690.7K | 3.92M | 243.58K | 0 | 0 |
| Equity Issued (Net) | 13.37M | 8.93M | 4.84M | 9.68M | 5.21M | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 773K | 1.55M | -74.97K | 1.73M | -970.49K | 1.13M | 1.63M | -67.56K | 5.38M | 122.42K | 836.65K | -52.22K | -626.32K | 582.39K | 250.05K |
| Net Change in Cash | -278.35K | -13.77M | -998.47K | -13.86M | -3.35M | -2.96M | 3.84M | 8.33M | 1.15M | 15.95M | 2.97M | 1.13M | -10.64M | 59.82K | 59.82K |
| Free Cash Flow | 1.89M | -4.2M | -5.41M | -6.02M | -14.65M | -4.67M | 3.36M | 8.08M | -2.79M | 12.79M | 2.55M | 8.35M | -8.77M | -615.81K | -362.51K |
| FCF Margin % | 19.37% | -42.8% | -982.68% | -275.42% | -484.81% | -19.71% | 10.76% | 18.41% | -8.32% | 36.33% | 7.8% | 26.69% | -25.2% | -29.29% | -11.53% |
| FCF Growth % | 133.56% | 22.45% | 10.17% | 58.89% | -213.89% | -238.88% | -58.43% | 389.32% | -121.84% | 402.58% | -69.53% | 195.28% | -1323.59% | -69.87% | - |
| FCF per Share | 6.02 | -946.54 | -3485.46 | -7640.60 | -39945.35 | -18432.29 | 16151.90 | 41339.67 | -14637.47 | 65483.74 | 13029.43 | 42760.01 | -44878.60 | -4096.66 | -2411.63 |
| FCF Conversion (FCF/Net Income) | -0.05x | 0.18x | 0.40x | 0.23x | 0.47x | 0.70x | 4.39x | 1.30x | -0.32x | 1.63x | 0.36x | 1.21x | -0.87x | -6.07x | -0.49x |
| Interest Paid | 0 | 0 | 0 | 0 | 115.81K | 116.44K | 115.38K | 133.93K | 150.18K | 366.84K | 223.93K | 224.97K | 293.57K | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 668.48K | 670.77K | -694.08K | 857.2K | 845.79K | 991.6K | 913.29K | 750.08K | 701.13K | 0 | 0 |
Severe liquidity and solvency risk
According to the provided financial data, Shineco's operating cash flow frequently fails to track with net income, as evidenced by the 2025Q3 period where the company reported a $15.1M net loss while operating cash flow remained negative at $430.3K, suggesting significant non-cash accounting distortions.
The persistent gap between net income and operating cash flow indicates that the company's reported earnings are not reflective of its actual cash-generating capacity. Investors should monitor this divergence, as it suggests that the core business model is struggling to convert revenue into tangible liquidity.
As reported in recent financial statements, Shineco's free cash flow trajectory is highly erratic, with the company swinging from a $5.7M positive FCF in 2025Q3 to a $2.1M deficit in 2025Q1, highlighting the lack of a stable or predictable cash generation engine for shareholders.
This volatility appears to be driven by irregular acquisition activity and inconsistent working capital management rather than organic operational success. The inability to maintain positive free cash flow suggests that the company remains in a capital-intensive, value-destructive phase of its lifecycle.
Based on the company's reported figures, working capital changes have been a primary source of cash flow volatility, with a $3.3M inflow in 2025Q3 contrasting sharply with a $1.5M outflow in 2025Q1, indicating that the company's cash position is highly sensitive to timing differences.
Such fluctuations in working capital suggest that Shineco may be struggling with the efficiency of its collections or inventory management processes. This instability complicates the company's ability to forecast its liquidity needs, leaving it vulnerable to sudden cash crunches.
As evidenced by the $10.4M net acquisition spend in 2025Q3, Shineco's capital deployment is heavily skewed toward inorganic growth, which appears to be a primary driver of cash movement rather than internal reinvestment or returning capital to shareholders through dividends or share repurchases.
The reliance on acquisitions to drive the top line, despite persistent operating losses, warrants further investigation into the quality and integration of these assets. This strategy appears to be consuming limited cash resources without providing a clear path to sustainable, self-funded operational profitability.
Quick answers to the most common questions about buying SISI stock.
Shineco, Inc. (SISI) generated $-3.9M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Shineco, Inc. (SISI) reported negative free cash flow of $4.2M in 2024, indicating capital requirements exceeded cash from operations.
Shineco, Inc. (SISI) spent $0.3M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.