Venus Concept Inc. (VERO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | -4.89M | -5.45M | -6.31M | -3.81M | -3.05M | -1.33M | -2.88M | -774K | -4.08M | -2.12M | -5.89M | -3.41M | -3.86M | -7.29M | -12.42M | -401K | -7.19M | -3.96M | -8.22M | 130K |
| Operating CF Margin % | -35.5% | -34.72% | -46.25% | -24.15% | -20.32% | -8.03% | -16.47% | -4.27% | -23.13% | -10.57% | -28.68% | -14.03% | -17.92% | -26.73% | -47.05% | -1.23% | -29.28% | -15.32% | -36.38% | 0.5% |
| Operating CF Growth % | -60.38% | -309.01% | -119.25% | -391.86% | 25.18% | 37.23% | 51.12% | 77.28% | -5.57% | 70.89% | 52.61% | -749.63% | 46.33% | -84.16% | -51.14% | -408.46% | -76.79% | 57.47% | 46.64% | 100.61% |
| Net Income | -22.57M | -11.74M | -12.37M | -8.02M | -9.3M | -19.86M | -9.79M | -11.12M | -8.96M | -7.32M | -9.62M | -9.94M | -14.5M | -10.51M | -8.64M | -4.11M | -8.84M | 242K | -9.44M | -14.69M |
| Depreciation & Amortization | 976K | 954K | 950K | 965K | 972K | 977K | 975K | 1.07M | 1.01M | 1.02M | 1.01M | 1.17M | 1.08M | 1.11M | 1.1M | 1.1M | 1.3M | 1.15M | 1.3M | 1.11M |
| Stock-Based Compensation | 0 | 137K | 207K | 226K | 239K | 239K | 339K | 0 | 364K | 369K | 481K | 552K | 551K | 558K | 443K | 466K | 536K | 558K | 508K | 0 |
| Deferred Taxes | 532K | 168K | 341K | -168K | -99K | -56K | -120K | -83K | -64K | -71K | 149K | -89K | -337K | -328K | 45K | 501K | 148K | -497K | -317K | 807K |
| Other Non-Cash Items | 13.41M | 4.43M | 4.45M | 2.01M | 2.71M | 13.58M | 1.03M | 3.85M | 1M | 1.34M | 1.07M | 2.29M | 3.44M | 3.38M | 1.22M | 1.89M | 2.06M | -5.05M | 1.86M | 12.98M |
| Working Capital Changes | 2.76M | 608K | 107K | 1.18M | 2.43M | 3.79M | 4.69M | 5.5M | 2.57M | 2.54M | 1.03M | 2.61M | 5.9M | -1.5M | -6.59M | -247K | -2.41M | -358K | -2.14M | -77K |
| Change in Receivables | -851K | -1.39M | 1.23M | 2.57M | 3.95M | 2.74M | 3.23M | 3.75M | 4.99M | 4.5M | 1.65M | 5.36M | 6.99M | 707K | -3.2M | -4.34M | -560K | 1.58M | 2.45M | -5.21M |
| Change in Inventory | -205K | 1.46M | -641K | 1.25M | 651K | 845K | 1.72M | -78K | -543K | -594K | 891K | -332K | -2.77M | -1.77M | -911K | 112K | -1.5M | -2.4M | -478K | 592K |
| Change in Payables | 1.28M | -1.51M | 914K | -604K | 4K | -360K | -1.25M | 1.92M | -1.17M | 781K | -522K | -1.56M | -2.5M | -370K | 2.73M | 164K | -933K | -462K | -178K | -3.43M |
| Cash from Investing | -17K | -162K | -35K | -80K | 4K | -22K | -25K | -27K | 3K | -22K | -70K | -39K | -46K | -94K | -157K | -318K | -108K | -73K | -53K | -2.27M |
| Capital Expenditures | -17K | -162K | -35K | -80K | 4K | -22K | -25K | -27K | 3K | -22K | -70K | -39K | -46K | -94K | -157K | -318K | -68K | -73K | -53K | -83K |
| CapEx % of Revenue | 0.12% | 1.03% | 0.26% | 0.51% | 0.03% | 0.13% | 0.14% | 0.15% | 0.02% | 0.11% | 0.34% | 0.16% | 0.21% | 0.34% | 0.59% | 0.97% | 0.28% | 0.28% | 0.23% | 0.32% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40K | -40K | 0 | 0 | -2.19M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40K | 0 | 0 | 0 | 0 |
| Cash from Financing | 5.97M | 7.28M | 5.27M | 3.67M | 1.8M | 2M | 2.59M | 1.27M | 2.88M | 1.85M | 803K | 8.24M | 143K | 12K | -384K | 15.73M | 22K | 98K | 968K | 23.66M |
| Debt Issued (Net) | 5.97M | 3.99M | 5.27M | 3.67M | 1.93M | 2M | 1.61M | 0 | 0 | 0 | 0 | 0 | 0 | -136K | -407K | -738K | 0 | 0 | 0 | 1.22M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1K | 0 | -1K | 987K | 1000K | 1000K | 1000K | 803K | 1000K | 143K | 272K | 0 | 1000K | 0 | 0 | 0 | 1000K |
| Dividends Paid | 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 |
| Other Financing | 0 | 0 | 0 | 0 | -126K | 0 | 0 | -188K | 0 | -87K | 0 | 0 | 0 | -124K | 23K | -271K | 22K | 98K | 968K | -500K |
| Net Change in Cash | 1.07M | 1.67M | -1.07M | -218K | -1.24M | 645K | -309K | 470K | -1.2M | -292K | -5.16M | 4.79M | -3.76M | -7.37M | -12.96M | 15.01M | -7.28M | -3.93M | -7.3M | 21.52M |
| Free Cash Flow | -4.91M | -5.61M | -6.34M | -3.89M | -3.04M | -1.35M | -2.9M | -801K | -4.07M | -2.14M | -5.96M | -3.45M | -3.91M | -7.38M | -12.58M | -719K | -7.26M | -4.03M | -8.27M | 47K |
| FCF Margin % | -35.62% | -35.75% | -46.51% | -24.66% | -20.29% | -8.17% | -16.61% | -4.42% | -23.12% | -10.68% | -29.02% | -14.19% | -18.13% | -27.08% | -47.64% | -2.2% | -29.56% | -15.61% | -36.61% | 0.18% |
| FCF Growth % | -61.15% | -314.33% | -118.57% | -385.27% | 25.22% | 36.85% | 51.28% | 76.76% | -4.25% | 70.96% | 52.64% | -379.28% | 46.2% | -83.16% | -52.07% | -1629.79% | -74.18% | 56.91% | 46.51% | 100.21% |
| FCF per Share | -2.64 | -3.85 | -1.46 | -0.89 | -0.42 | -0.21 | -0.50 | -0.14 | -0.74 | -0.39 | -1.14 | -0.73 | -0.90 | -1.73 | -2.95 | -0.19 | -2.01 | -1.11 | -2.31 | 0.02 |
| FCF Conversion (FCF/Net Income) | 0.22x | 0.46x | 0.51x | 0.48x | 0.33x | 0.07x | 0.29x | 0.07x | 0.45x | 0.29x | 0.61x | 0.34x | 0.26x | 0.69x | 1.44x | 0.09x | 0.73x | -10.50x | 0.89x | -0.01x |
| Interest Paid | 0 | 0 | 0 | -23K | 39K | 407K | 1.19M | 0 | 975K | 948K | 1.43M | 1.26M | 1.11M | 931K | 844K | 440K | 540K | 581K | 1.73M | 0 |
| Taxes Paid | 0 | 0 | 1K | 30K | 29K | 42K | 27K | 0 | 72K | 6K | 12K | 177K | -72K | 125K | 99K | -4K | 32K | 15K | 73K | 0 |