Liquidity remains precarious as cash reserves plummeted to $87,775, while erratic free cash flow margins, which swung from -114.3% to 17.5%, highlight a failure to achieve consistent cash conversion.
| 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'06 | Dec'05 |
|---|
| Cash from Operations | -625.4K | -1.2M | -1.44M | -3.6M | -1.23M | -3.82M | 4.58M | -814.45K | -1.77M | -2.43M | -4.5M | -1.65M | -1.13M | -1.31M | -386.19K | -329.32K | -278.08K | -414.48K | -721.06K | -11.6K | -13.31K |
| Operating CF Margin % | - | -21.23% | -18.61% | -48.93% | -14.8% | -49.32% | 18.29% | -12.83% | -31.64% | -48.71% | -71.02% | -39.46% | -50.13% | -111.94% | -68.46% | -158.03% | -77.86% | -83.03% | -6976.88% | - | - |
| Operating CF Growth % | -4927.39% | 16.91% | 59.98% | -191.56% | 67.72% | -183.52% | 662.11% | 53.91% | 27.35% | 46.01% | -172.37% | -46.75% | 13.69% | -238.11% | -17.27% | -18.43% | 32.91% | 42.52% | -6114.97% | 12.83% | - |
| Net Income | -4.3M | -3.75M | -4.48M | -3.4M | -2.88M | -4.44M | 4.39M | -2.3M | -3.23M | -3.64M | -3.16M | -12.18M | 268.44K | -5.66M | -1.75M | -824.88K | -1.54M | 13.66M | -22.75M | -22.56K | -22.81K |
| Depreciation & Amortization | 338.17K | 428.64K | 453.85K | 523.99K | 496.95K | 493.88K | 918.98K | 904.91K | 634.67K | 607.13K | 586.38K | 499.34K | 470.33K | 318.26K | 40.95K | 70.13K | 85.92K | 94.09K | 32.99K | 0 | 0 |
| Stock-Based Compensation | 0 | 147K | 144.31K | 163.29K | 653.84K | 18.35K | 3.13M | 114.22K | 31.52K | 635.22K | 614.7K | 1.71M | 2.56M | 629.55K | 20K | 52.79K | 0 | 373.15K | 21.3M | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100K | 200K | -12K | 4.2M | 1.35M | 654.22K | 178.94K | 17.72K | 0 | 1.24M | 0 | 0 | 0 |
| Other Non-Cash Items | 838.18K | 509.03K | 2.39M | -23.24K | 149.34K | 1.1M | 230.19K | -127.27K | -17.21K | 44.38K | 624.65K | 5.48M | -5.5M | 3.2M | 1.3M | 273.67K | 846.7K | -16.36M | 14.44K | 0 | 0 |
| Working Capital Changes | 2.5M | 1.47M | 48.43K | -860.03K | 345.66K | -1M | -4.09M | 591.42K | 914.5K | -279.15K | -3.16M | -1.36M | -285.27K | -448.29K | -176.68K | 81.25K | 328.23K | 576.82K | 675.09K | 10.96K | 9.5K |
| Change in Receivables | 1.28M | 819.89K | -470.51K | 319.82K | -735.81K | 426.97K | -2.7M | 840.96K | -109.67K | -514.57K | -361.8K | -980.92K | 327.16K | -590.15K | -215.66K | 0 | 5.57K | -7.07K | -4.59K | 0 | 0 |
| Change in Inventory | 488.5K | 637.38K | 1M | -131.1K | 152.28K | -961.76K | -1.39M | 348.23K | 629.02K | 204.62K | -2.76M | -633.79K | -508.2K | -407.55K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 523.58K | -271.48K | 657.35K | -494.72K | 707.71K | -447.43K | 788.25K | -420.43K | 381.92K | 15.85K | -286K | 469.6K | 61.66M | 157.86M | 8.86K | 142.93K | 0 | 0 | 0 | 10.96K | 9.5K |
| Cash from Investing | -140.91K | -135.58K | -261.53K | -216.69K | -241.45K | -639.37K | -400.65K | -293.26K | -628.09K | -14.83K | -462.87K | -80.5K | -81.99K | -3.46M | -48.44K | 14.1K | 3.64M | -4.82M | -517.08K | 0 | 0 |
| Capital Expenditures | -76.44K | -5.17K | -107.89K | -98.06K | -200.88K | -512.67K | -289.27K | -145.58K | -628.09K | -14.83K | -474.87K | -80.5K | -81.99K | -3.46M | -48.44K | 0 | -46.25K | -19.56K | -517.08K | 0 | 0 |
| CapEx % of Revenue | 1.34% | 0.09% | 1.39% | 1.33% | 2.41% | 6.61% | 1.16% | 2.29% | 11.25% | 0.3% | 7.49% | 1.92% | 3.65% | 296.71% | 8.59% | - | 12.95% | 3.92% | 5003.16% | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12K | 0 | 0 | 0 | 0 | -5.9K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -64.46K | -130.41K | -153.64K | -118.63K | -40.57K | -126.7K | -111.39K | -147.68K | 0 | 0 | 12K | 0 | 0 | -3.29M | 0 | 20K | 120.5K | 0 | 0 | 0 | 0 |
| Cash from Financing | 372.56K | 755.13K | 27.5K | 2.29M | 25K | 4.58M | 124.2K | 0 | -150K | 6.05M | 0 | 7.49M | 663.26K | 5.4M | 508.05K | 254.04K | -3.31M | 4.88M | 1.6M | 13.3K | 10K |
| Debt Issued (Net) | 470.13K | 755.13K | 0 | 2.29M | 0 | 0 | -89.3K | 0 | -150K | 6M | 0 | -1.19M | 0 | 4.46M | 0 | 68.23K | -33.47K | -118.98K | 120.34K | 0 | 0 |
| Equity Issued (Net) | 94.13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.74M | 765.26K | 1.04M | 445K | 127.5K | -3.28M | 5.2M | 1.49M | 13.3K | 10K |
| Dividends Paid | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.6M | 0 | -7K | 0 | 0 |
| Other Financing | -191.7K | 0 | 27.5K | 0 | 25K | 4.58M | 213.5K | 0 | 0 | 48.75K | 0 | -51K | -102K | -100.12K | 63.05K | 58.31K | 0 | -200K | -10K | 0 | 0 |
| Net Change in Cash | -393.75K | -577.1K | -1.67M | -1.53M | -1.45M | 118.6K | 4.3M | -1.11M | -2.55M | 3.6M | -4.97M | 5.76M | -545.79K | 632.93K | 73.42K | -61.18K | 48.05K | -354.57K | 364.6K | 1.7K | -3.31K |
| Free Cash Flow | -635.9K | -1.33M | -1.55M | -3.82M | -1.48M | -4.46M | 4.18M | -1.11M | -2.4M | -2.45M | -4.98M | -1.73M | -1.21M | -4.77M | -434.63K | -329.32K | -324.33K | -434.03K | -1.24M | -11.6K | -13.31K |
| FCF Margin % | -11.13% | -23.64% | -20% | -51.88% | -17.7% | -57.56% | 16.69% | -17.45% | -42.89% | -49% | -78.5% | -41.38% | -53.78% | -408.65% | -77.04% | -158.03% | -90.81% | -86.95% | -11980.05% | - | - |
| FCF Growth % | 9.68% | 13.94% | 59.43% | -158.54% | 66.93% | -206.84% | 477.12% | 53.75% | 2.13% | 50.86% | -187.11% | -43.46% | 74.64% | -996.74% | -31.98% | -1.54% | 25.28% | 64.94% | -10571.76% | 12.83% | - |
| FCF per Share | -0.03 | -0.07 | -0.08 | -0.19 | -0.07 | -0.25 | 0.22 | -0.07 | -0.16 | -0.16 | -0.33 | -0.13 | -0.08 | -0.49 | -0.05 | -0.04 | -0.07 | -0.10 | -0.29 | -2.74 | -3.64 |
| FCF Conversion (FCF/Net Income) | 0.15x | 0.32x | 0.32x | 1.06x | 0.43x | 0.86x | 1.04x | 0.35x | 0.55x | 0.67x | 1.43x | 0.14x | -4.20x | 0.23x | 0.22x | 0.40x | 0.18x | -0.03x | 0.03x | 0.51x | 0.58x |
| Interest Paid | 94.13K | 0 | 0 | 0 | 28.89K | 0 | 107.36K | 200K | 230K | 111.26K | 0 | 341.2K | 0 | 145.92K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 72.09K | 75K | 800 | 800 | 800 | 800 | 800 | 800 | 0 | 933 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency
According to the provided quarterly data, the relationship between net income and operating cash flow is highly erratic, with OCF/NI ratios swinging from -12.57 in 2024Q2 to 1.08 in 2025Q1, suggesting that reported earnings are frequently decoupled from actual cash generation capabilities.
The extreme volatility in the OCF/NI ratio indicates that accruals and non-cash adjustments are the primary drivers of reported results rather than operational efficiency. Investors should interpret this divergence as a sign that the company's cash flow quality is currently insufficient to support its reported income figures.
As reported in financial statements, TOMZ's free cash flow trajectory is characterized by persistent instability, with quarterly FCF margins fluctuating wildly between -114.3% and 17.5%, reflecting a business model that struggles to achieve consistent cash conversion despite its specialized technology and niche market positioning.
The inability to maintain positive free cash flow suggests that the company's current scale is insufficient to cover its operating and capital requirements. This erratic performance warrants further investigation into whether the business can ever achieve a self-sustaining cash flow profile without significant structural changes.
Based on the reported figures, working capital changes have been the most significant driver of cash flow variability, with quarterly swings as large as $911.3K, indicating that the company's cash position is highly sensitive to the timing of receivables and inventory management cycles.
The reliance on working capital fluctuations to manage cash flow suggests that the company lacks a stable, recurring revenue base to fund operations. This dependency implies that any disruption in customer payment cycles or inventory turnover could lead to immediate liquidity pressure.
As indicated by the financial data, capital expenditures remain remarkably low, with CapEx/Revenue ratios frequently falling below 1%, which may suggest that the company is deferring necessary investments in its manufacturing infrastructure to preserve its dwindling cash reserves.
While low capital intensity is often viewed as a positive, in the context of TOMZ, it may indicate a lack of investment in the production capacity required to scale the business. This strategy appears to prioritize short-term survival over the long-term maintenance of its proprietary technology assets.
Quick answers to the most common questions about buying TOMZ stock.
TOMI Environmental Solutions, Inc. (TOMZ) generated $-1.2M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
TOMI Environmental Solutions, Inc. (TOMZ) reported negative free cash flow of $1.3M in 2025, indicating capital requirements exceeded cash from operations.
TOMI Environmental Solutions, Inc. (TOMZ) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.