Free cash flow remains deeply negative with a -20.3% margin in 2025Q2, highlighting a structural liquidity drain that persists despite minimal capital expenditure requirements of only 0.9% of revenue.
| Cash from Operations | -23.07M | -34.41M | -35.02M | -28.37M | -23.13M | -12.36M | -8.39M |
| Operating CF Margin % | - | -2044.33% | -1287.5% | -2378.04% | -5140.67% | -3912.03% | -9868.24% |
| Operating CF Growth % | -30.47% | 1.75% | -23.44% | -22.64% | -87.13% | -47.38% | - |
| Net Income | -23.39M | -34.94M | -33.84M | -24.96M | -26.49M | -13.57M | -9.45M |
| Depreciation & Amortization | 325.18K | 418K | 523K | 507K | 459K | 203K | 23K |
| Stock-Based Compensation | 0 | 598K | 978K | 1.16M | 3.35M | 4.39M | 211K |
| Deferred Taxes | 0 | 0 | -1.35M | 0 | 0 | -3.24M | 1.19M |
| Other Non-Cash Items | 325.31K | 2.02M | 1.15M | -3.27M | -152K | -691K | -171K |
| Working Capital Changes | -327.47K | -2.5M | -2.49M | -1.8M | -298K | 539K | -189K |
| Change in Receivables | -177.22K | -320K | -1.01M | -596K | -789K | -645K | -21K |
| Change in Inventory | 98.61K | -479K | -2.51M | -1.2M | -715K | -16K | -94K |
| Change in Payables | -496.27K | -2.48M | 2.35M | 1.01M | 54K | 476K | -167K |
| Cash from Investing | 1.01M | -84K | 9.94M | -5.12M | -5.2M | -231K | -53K |
| Capital Expenditures | -40.32K | -79K | -128K | -62K | -144K | -121K | -33K |
| CapEx % of Revenue | 3.23% | 4.69% | 4.71% | 5.2% | 32% | 38.29% | 38.82% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | -5K | 10.07M | 0 | -41K | -110K | -20K |
| Cash from Financing | 24.24M | 30.54M | 22.49M | 41.97M | -611K | 50.11M | 8.28M |
| Debt Issued (Net) | 3.67M | 10.18M | 2.38M | -467K | -440K | -143K | 0 |
| Equity Issued (Net) | 4M | 1000K | 1000K | 1000K | 0 | 1000K | 108K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -2.31M | -144K | 0 | 5.14M | -171K | 1.54M | 8.17M |
| Net Change in Cash | 751.93K | -3.81M | -2.13M | 10.56M | -28.94M | 37.52M | -164K |
| Free Cash Flow | -23.11M | -34.48M | -35.15M | -28.43M | -23.28M | -12.48M | -8.42M |
| FCF Margin % | -1852.87% | -2049.02% | -1292.21% | -2383.24% | -5172.67% | -3950.32% | -9907.06% |
| FCF Growth % | - | 1.89% | -23.62% | -22.15% | -86.47% | -48.24% | - |
| FCF per Share | -0.02 | - | - | - | - | - | - |
| FCF Conversion (FCF/Net Income) | 0.99x | 0.98x | 1.04x | 1.14x | 0.88x | 0.91x | 0.89x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Unsustainable cash burn rate
According to recent financial statements, SaverOne's operating cash flow consistently tracks net losses with an OCF/NI ratio hovering near 1.00, indicating that the company's cash burn is driven by fundamental operational deficits rather than non-cash accounting adjustments or significant accrual-based distortions in the reporting period.
The tight correlation between net income and operating cash flow suggests that the company lacks the non-cash expenses, such as significant depreciation or amortization, that typically provide a buffer for early-stage firms. This implies that every dollar of reported loss is effectively a dollar of cash leaving the balance sheet, leaving little room for operational error.
As reported in quarterly filings, the company's free cash flow trajectory remains deeply negative, with FCF margins reaching -20.3% in 2025Q2, underscoring a structural inability to generate self-sustaining liquidity despite the company's ongoing efforts to scale its hardware-dependent safety technology across diverse fleet markets.
The consistent negative FCF trajectory indicates that the business model is currently incapable of covering its own operating costs, let alone funding future growth. Investors should monitor whether the company can achieve a pivot toward positive cash generation before the current cash reserves are exhausted.
Based on the provided data, SaverOne maintains a remarkably low capital intensity, with CapEx/Revenue ratios as low as 0.9% in 2025Q2, suggesting that the company's primary cash drain is not asset-heavy infrastructure but rather the high fixed costs associated with R&D and commercialization efforts.
While low capital intensity is typically a positive signal, in this context, it suggests that the company is not investing heavily in the physical assets that might otherwise create a durable competitive moat. The lack of significant investment in property, plant, or equipment may indicate that the business is struggling to transition from a pilot-based model to a full-scale manufacturing operation.
As evidenced by the fluctuating working capital changes, including a $597.9K inflow in 2025Q2 followed by significant outflows in prior periods, SaverOne's cash management appears highly sensitive to the timing of fleet installations and the subsequent collection of payments from its concentrated customer base.
The erratic nature of these working capital swings suggests that the company lacks a predictable cash conversion cycle, which is common for firms reliant on lumpy, project-based hardware deployments. This volatility complicates liquidity planning and may force the company to maintain higher cash balances than would otherwise be necessary.
Quick answers to the most common questions about buying SVREW stock.
SaverOne 2014 Ltd (SVREW) generated $-34.4M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
SaverOne 2014 Ltd (SVREW) reported negative free cash flow of $34.5M in 2024, indicating capital requirements exceeded cash from operations.
SaverOne 2014 Ltd (SVREW) spent $0.1M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.