Free cash flow remains highly erratic, oscillating from a -$3.3M outflow in 2025Q2 to a $1.9M inflow in 2025Q4, largely driven by volatile working capital shifts.
| Cash from Operations | -1.81M | -1.16M | -7.54M | 48.83K | -293.76K | -171.6K |
| Operating CF Margin % | -31.09% | -29.96% | -163.39% | 0.77% | -6.99% | -5.05% |
| Operating CF Growth % | -56.48% | 84.69% | -15549.89% | 116.62% | -71.19% | - |
| Net Income | -4.19M | -3.93M | -7.57M | -787.51K | 65.82K | -423.62K |
| Depreciation & Amortization | 779.52K | 693.8K | 543.21K | 311.78K | 175.07K | 184.7K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 194.88K | 1 | 56.01K | 809.57K | -152.29K | 0 |
| Working Capital Changes | 1.4M | 2.08M | -573.14K | -285.01K | -382.37K | 67.32K |
| Change in Receivables | -429.09K | 3.74M | -3.49M | 301.17K | -532.84K | 1.13M |
| Change in Inventory | -23.4K | 73.98K | 166.01K | -130.76K | -775.74K | -244.63K |
| Change in Payables | -489.49K | 403.51K | 179.36K | 488 | 172.96K | -471.45K |
| Cash from Investing | -3.01M | -1.41M | -913.37K | -1.23M | 794.26K | -53.94K |
| Capital Expenditures | -561.72K | -15.9K | -21.27K | -33.94K | -84.95K | -53.94K |
| CapEx % of Revenue | 9.66% | 0.41% | 0.46% | 0.53% | 2.02% | 1.59% |
| Acquisitions | 0 | 0 | 0 | 0 | 250K | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -2.44M | -1.4M | -892.11K | -1.2M | 379.21K | 0 |
| Cash from Financing | 7.5M | 1.86M | 9.11M | 959.62K | -1.17M | 1.51M |
| Debt Issued (Net) | 2.04M | -847.88K | -1.31M | -835.51K | -757.34K | 3.45M |
| Equity Issued (Net) | 5.24M | 2.79M | 10.8M | 2M | 750K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 225.33K | -89.13K | -369.69K | -204.87K | -1.16M | -1.94M |
| Net Change in Cash | 2.62M | -672.63K | 652.44K | -222.71K | -665.61K | 1.28M |
| Free Cash Flow | -3.81M | -2.57M | -8.46M | -1.18M | -405.68K | -225.55K |
| FCF Margin % | -65.6% | -66.61% | -183.17% | -18.61% | -9.65% | -6.63% |
| FCF Growth % | -48.5% | 69.64% | -615.38% | -191.44% | -79.87% | - |
| FCF per Share | -0.66 | -0.16 | -0.51 | -0.07 | -0.02 | -0.01 |
| FCF Conversion (FCF/Net Income) | 0.44x | 0.29x | 1.01x | -0.06x | -4.44x | 0.42x |
| Interest Paid | 503.35K | 34.85K | 183.05K | 130.87K | 157.15K | 117.83K |
| Taxes Paid | 0 | 0 | 23.09K | 118.68K | 6.16K | 8.01K |
Unsustainable Cash Burn Rate
As reported in recent financial filings, SPPL exhibits a highly erratic relationship between net income and operating cash flow, with the OCF/NI ratio swinging from -0.94 in 2025Q4 to 2.18 in 2025Q2, indicating that accruals and working capital shifts are currently driving cash flow more than core profitability.
The frequent divergence between net losses and operating cash flow suggests that the company's reported earnings are not currently a reliable proxy for cash generation. Investors should monitor whether this volatility stems from aggressive revenue recognition timing or the lumpy nature of hardware-heavy contract deployments.
Based on historical cash flow data, SPPL's free cash flow trajectory remains deeply inconsistent, oscillating between a positive $1.9M in 2025Q4 and a negative $3.3M in 2025Q2, which underscores the company's struggle to achieve a stable, self-funding operational model amidst its aggressive expansion phase.
The lack of a consistent positive FCF trend suggests that the business model is highly sensitive to the timing of large-scale project completions. Without a shift toward recurring software-driven cash inflows, the company may continue to face significant liquidity pressure during periods of heavy hardware procurement.
According to quarterly cash flow statements, SPPL's capital intensity has surged, with CapEx/Revenue reaching 48.1% in 2025Q4, a significant increase from the low single-digit percentages observed in 2022, suggesting that the company is heavily reinvesting in physical infrastructure to support its robotic deployment strategy.
This high level of capital expenditure relative to revenue implies that the company is currently in a capital-intensive growth phase that may limit near-term margin expansion. Analysts should investigate whether these expenditures are primarily for maintenance or if they represent a necessary investment to scale the SIMPPLE Ecosystem.
As evidenced by the provided cash flow data, working capital changes have become the primary determinant of quarterly cash positions, with a $4.4M inflow in 2025Q4 contrasting sharply with a $2.3M outflow in 2025Q2, highlighting the significant impact of timing differences in customer collections and inventory management.
The reliance on working capital fluctuations to bridge the gap between net losses and cash flow suggests a precarious liquidity position. Investors should monitor the efficiency of these collections, as any delay in payment from major facility management clients could rapidly deplete the company's limited cash reserves.
Quick answers to the most common questions about buying SPPL stock.
SIMPPLE Ltd. Ordinary Shares (SPPL) generated $-1.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
SIMPPLE Ltd. Ordinary Shares (SPPL) reported negative free cash flow of $3.8M in 2025, indicating capital requirements exceeded cash from operations.
SIMPPLE Ltd. Ordinary Shares (SPPL) spent $0.6M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.