Cash flow generation remains erratic and unreliable, with free cash flow swinging from a negative $427.0K in 2025Q2 to a positive $193.0K in 2026Q1, highlighting a fundamental inability to sustain consistent liquidity.
| 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'01 | Dec'00 |
|---|
| Cash from Operations | -3.66M | -3.46M | 1.54M | 934K | 3.24M | 4.37M | -53K | -135K | -1.54M | -630.01K | -858.53K | -1.3M | -110.69K | -5.95K | -3.75K | 0 | 0 | -819 | -2.77K | -4.85K | -5.64K | -8.74K | -404 | -514.32K | -1.31M |
| Operating CF Margin % | - | -220.71% | 5.73% | 1.17% | 3.35% | 9.65% | -55.21% | -64.9% | -1544.05% | -198.74% | - | - | - | - | - | - | - | - | - | - | - | - | - | -73.01% | -340.87% |
| Operating CF Growth % | -704.52% | -324.43% | 65.2% | -71.15% | -25.86% | 8337.74% | 60.74% | 91.26% | -145.08% | 26.62% | 34.05% | -1076.06% | -1760.4% | -58.67% | - | - | 100% | 70.47% | 42.87% | 13.97% | 35.42% | -2062.62% | 99.92% | 60.77% | - |
| Net Income | -9.13M | -13.4M | -14.11M | -8.69M | 1.12M | 591K | -443K | -1.12M | -25.01M | -1.57M | -6.15M | -8.76M | -105.05K | -51.4K | -50.7K | -46.83K | -44.7K | -43.54K | -52.81K | -40.35K | -60.72K | -8.74K | -404 | -199.71K | -1.85M |
| Depreciation & Amortization | -719K | 848K | 3.01M | 2.95M | 2.81M | 1.94M | 5K | 1K | 14.29K | 17.51K | 12.42K | 6.49K | 66 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50.43K | -91.03K |
| Stock-Based Compensation | -3K | 0 | 94K | 135K | 71K | -43K | 0 | 0 | 0 | 76.62K | 2.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 76K | -68K | -392K | -143K | -532K | -133K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -25.12M | 9.91M | 9.74M | 5.03M | 885K | -359K | -8K | 0 | 23.7M | 673.9K | 2.98M | 7.31M | 10.98K | 36K | 36K | 40.43K | 41.27K | 38.17K | 48.53K | 37.5K | 54.58K | 0 | 0 | -518.19K | 810K |
| Working Capital Changes | -1.02M | -760K | 3.19M | 1.65M | -1.11M | 2.37M | 393K | 981K | -249.03K | 175.87K | 264.35K | 133.75K | -16.69K | 9.45K | 10.95K | 6.4K | 3.43K | 4.55K | 1.5K | -2K | 500 | 0 | 0 | 254.01K | -178.24K |
| Change in Receivables | -538K | 297K | 9.53M | 9.59M | -4.53M | 836K | 60K | -16K | -29.72K | -43.2K | 138.92K | -19.08K | -6.72K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.73K | 17.01K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16.95K | 28.41K |
| Change in Payables | -454K | -1.23M | -6.38M | -7.42M | 3.11M | 2.17M | -55K | 36K | -103.05K | 183.99K | 123.87K | 0 | 7.5K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 115.14K | -223.66K |
| Cash from Investing | 30K | -151K | -1K | -16K | -74K | -10.77M | 13K | -1K | 0 | 11.87K | -35.03K | 441.16K | -1.46K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24.09K |
| Capital Expenditures | 0 | 0 | -1K | -16K | -58K | -311K | 0 | -2K | 0 | 0 | -23.11K | -26.22K | -1.46K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24.09K |
| CapEx % of Revenue | 0% | - | 0% | 0.02% | 0.06% | 0.69% | - | 0.96% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.26% |
| Acquisitions | 30K | -151K | 0 | 0 | 0 | -10.19M | 13K | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | -16K | -269K | 0 | 1K | 0 | 11.87K | -11.93K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 5.23M | 3.97M | -2.78M | -3.38M | -4.22M | 8.28M | 99K | 174K | 2.04M | 606.34K | 782.6K | 989.97K | 117.63K | 5.95K | 3.75K | 0 | 0 | 700 | 2.72K | 5K | 5.2K | 9.11K | 488 | 537.22K | 1.2M |
| Debt Issued (Net) | -2.59M | -2.44M | -2.98M | -23K | -2.46M | 8.47M | 50K | 0 | 100K | 0 | 735K | 609.97K | 117.63K | 0 | 0 | 0 | 0 | 700 | 2.72K | 0 | 0 | 0 | 404 | 0 | 0 |
| Equity Issued (Net) | 7.64M | 6.25M | 198K | 0 | 0 | 0 | 49K | 0 | 1.94M | 526.34K | 47.6K | 380K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.9K | 84 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | -130K | -73K | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 170K | 170K | 0 | -3.22M | -1.69M | -194K | 0 | 174K | 63 | 80K | 0 | 0 | 0 | 5.95K | 3.75K | 0 | 0 | 0 | 0 | 5K | 5.2K | 3.21K | 0 | 537.22K | 1.2M |
| Net Change in Cash | 1.56M | 984K | -1.24M | -2.46M | -1.06M | 1.88M | 59K | 38K | 496.96K | -2.53K | -110.96K | 101.04K | 14.11K | 0 | 0 | 0 | 0 | -119 | -53 | 151 | -442 | 377 | 84 | 22.9K | -137.32K |
| Free Cash Flow | -2.17M | -3.46M | 1.54M | 918K | 3.16M | 3.79M | -53K | -137K | -1.54M | -630.01K | -881.64K | -1.33M | -112.15K | -5.95K | -3.75K | 0 | 0 | -819 | -2.77K | -4.85K | -5.64K | -8.74K | -404 | -514.32K | -1.34M |
| FCF Margin % | 267.2% | -220.71% | 5.72% | 1.15% | 3.27% | 8.37% | -55.21% | -65.87% | -1544.05% | -198.74% | - | - | - | - | - | - | - | - | - | - | - | - | - | -73.01% | -347.13% |
| FCF Growth % | -311.21% | -324.58% | 67.97% | -70.98% | -16.46% | 7243.4% | 61.31% | 91.13% | -145.08% | 28.54% | 33.61% | -1084.17% | -1784.87% | -58.67% | - | - | 100% | 70.47% | 42.87% | 13.97% | 35.42% | -2062.62% | 99.92% | 61.48% | - |
| FCF per Share | -0.02 | -0.04 | 0.03 | 0.25 | 0.21 | 7.05 | -0.05 | -0.28 | -10.60 | -12.15 | -19.52 | -51.30 | -6.41 | -5.90 | -3.72 | - | - | -1.00 | -4.44 | -8.17 | -0.36 | -1.54 | -0.15 | -74.65 | -278.61 |
| FCF Conversion (FCF/Net Income) | 0.24x | 0.18x | -0.13x | -0.13x | 115.61x | 14.55x | 0.12x | 0.12x | 0.06x | 0.40x | 0.15x | 0.15x | 0.64x | 0.12x | 0.07x | - | - | 0.02x | 0.05x | 0.12x | 0.09x | 1.00x | 1.00x | 2.58x | 0.71x |
| Interest Paid | 206K | 405K | 676K | 922K | 556K | 84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 7K | 8K | 123K | 663K | 928K | 381K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Existential Liquidity Shortfall
As reported in financial statements, VBIX exhibits a persistent divergence between net income and operating cash flow, with the OCF/NI ratio frequently oscillating between negative values and extreme outliers, suggesting that reported earnings are not a reliable proxy for the company's actual cash-generating capabilities.
The lack of correlation between net income and operating cash flow suggests that non-cash items or significant accounting adjustments are heavily influencing the bottom line. Investors should monitor this volatility as it indicates that the company's reported profitability may be disconnected from its underlying operational health.
Based on VBIX's reported figures, free cash flow has remained highly erratic, swinging from a positive $193.0K in 2026Q1 to a negative $427.0K in 2025Q2, which underscores the company's inability to maintain a consistent or sustainable cash-positive trajectory amidst its ongoing revenue contraction.
The inability to generate consistent free cash flow suggests that the business model is currently unable to cover its operating costs without external support. This trajectory warrants further investigation into whether the company can achieve self-sustaining operations before its limited cash reserves are fully exhausted.
According to recent SEC filings, working capital changes have been a primary driver of cash flow fluctuations, with a significant $1.1M outflow in 2025Q3, suggesting that the company's management of receivables and payables is highly sensitive to its rapidly changing operational scale.
The erratic nature of working capital changes may indicate difficulties in collecting payments from clients or managing vendor obligations during periods of revenue decline. Such instability often precedes liquidity stress and suggests that the company's internal cash management processes are under significant pressure.
As noted in financial disclosures, the company's cash flow statement is heavily impacted by non-cash adjustments and depreciation, which often mask the true extent of the underlying cash burn required to sustain the firm's interactive video platform and associated technical infrastructure.
The reliance on depreciation and other non-cash adjustments to reconcile net income to operating cash flow suggests that the company's core operations are not generating sufficient cash to replace its asset base. This may indicate that the company is effectively liquidating its value rather than growing it.
Quick answers to the most common questions about buying VBIX stock.
Viewbix Inc. (VBIX) generated $-3.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Viewbix Inc. (VBIX) reported negative free cash flow of $3.5M in 2025, indicating capital requirements exceeded cash from operations.
Viewbix Inc. (VBIX) 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.