MDxHealth S.A. (MDXH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Cash from Operations | 378K | -1.6M | -8.74M | -9.79M | -11.64M | -9.86M | -19.03M | -15.09M | -11.17M | 0 | -8.99M | -11.26M | -8.46M | -13.82M | -6.76M | -7.51M | -6.18M | 952K | -3.43M | -4.86M |
| Operating CF Margin % | 0.69% | -6% | -18.18% | -23.32% | -30.03% | -31.36% | -79.13% | -116% | -97.06% | - | -104.77% | -113.92% | -928.18% | -127.14% | -60.35% | -43.69% | -38.02% | 3.92% | -20.15% | -37.56% |
| Operating CF Growth % | 104.33% | 83.69% | 24.91% | 0.69% | 38.84% | 34.66% | -70.34% | - | -24.26% | 100% | -6.19% | 18.58% | -25.27% | -83.98% | -9.4% | -889.29% | -80.06% | 119.58% | -2.2% | -26.6% |
| Net Income | -29.69M | -3.83M | -10.7M | -14.02M | -10.87M | -16.46M | -20.88M | -17.02M | -14.49M | -14.23M | -14.95M | -13.71M | -28.96M | -14.14M | -8.67M | -7.56M | -6.41M | 269K | -2.78M | -3.81M |
| Depreciation & Amortization | 4.68M | 4.53M | 4.34M | 3.7M | 3.45M | 3.41M | 3.33M | 1.58M | 1.61M | 0 | 1.66M | 1.68M | 50K | 1.7M | -100K | 740K | 44.5K | 440.5K | -15K | 414.5K |
| Stock-Based Compensation | -1.36M | 1.36M | 1.03M | 694K | 387K | 278K | 488K | 379K | 1.11M | 972K | 621K | 674K | 599K | 273K | 231K | 272K | 289K | 182.5K | 107.5K | 176.5K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 20.6M | 1.55M | 81K | 205K | -275K | 696K | -439K | 10K | 1.08M | 13.26M | 1.47M | 605K | 8.66M | -3.28M | 934.5K | -538.5K | 2.09M | -1.19M | 1.61M | -186.5K |
| Working Capital Changes | 6.15M | -5.21M | -3.49M | -368K | -4.33M | 2.21M | -1.53M | -33K | -476K | 0 | 2.22M | -500K | 11.18M | 1.62M | 845.5K | -431K | -2.19M | 1.25M | -2.35M | -1.46M |
| Change in Receivables | 2.27M | 48K | -427K | -2.8M | -3.42M | 1.73M | -3.56M | -1.56M | -1.41M | 0 | 1.2M | 1.65M | 11.2M | 986K | 1.04M | -685K | -1.92M | 1.21M | -2.25M | -1.53M |
| Change in Inventory | -211K | -1.72M | -115K | -975K | -105K | -347K | -238K | -178K | 910K | 0 | -589K | -543K | -19K | 634K | -198K | 254K | -265.5K | 45.5K | -102.5K | 76.5K |
| Change in Payables | 550K | 0 | 0 | 0 | 0 | 0 | 3.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 1.79M | -19.59M | -242K | -1.39M | -1.11M | -2.81M | -27.81M | -1.35M | -464K | 0 | -373K | -164K | -31K | -42K | -79K | -593.5K | -1.09M | -1.89M | -1.61M | -1.05M |
| Capital Expenditures | -429K | -728K | -402K | -786K | -594K | -2.15M | -1.88M | -925K | -486K | 0 | -370K | -167K | -31K | -42K | -5K | -211.5K | -360.5K | -225.5K | -384K | -172K |
| CapEx % of Revenue | 0.78% | 2.74% | 0.84% | 1.87% | 1.53% | 6.85% | 7.81% | 7.11% | 4.22% | - | 4.31% | 1.69% | 3.4% | 0.39% | 0.04% | 1.23% | 2.22% | 0.93% | 2.26% | 1.33% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -552.5K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.22M | -18.86M | 160K | -608K | -521K | -659K | -936K | -424K | 22K | 0 | -3K | 3K | 36.5K | 36.5K | -74K | -382K | -728.5K | -1.12M | -1.23M | -875.5K |
| Cash from Financing | -5.15M | -11.69M | 34.44M | 10.16M | -4.56M | 36.83M | 22.45M | -1.61M | 79.34M | 0 | 1.18M | 13.11M | 18.52M | -559K | -200K | 21.04M | 108K | 115K | 10.53M | 19K |
| Debt Issued (Net) | 25.28M | -1.36M | -1.6M | 13.19M | -2.49M | -1.03M | -10.03M | -1.1M | -606K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 40.74M | 0 | 0 | 39.6M | 0 | 0 | 80.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -30.43M | -10.33M | -4.7M | -3.03M | -2.07M | -1.74M | 32.49M | -511K | -510K | 0 | 1.18M | 13.11M | 18.52M | -559K | -200K | 21.04M | 108K | 115K | 10.53M | 19K |
| Net Change in Cash | -2.98M | -32.86M | -2.47M | 6.85M | -10.33M | -8.78M | -11.87M | -7.97M | 33.79M | 0 | 10.44M | 18.27M | -1.04M | 5.61M | -34.38M | 2.34M | -26.3M | -3.51M | -12.4M | -202.25K |
| Free Cash Flow | 324K | -1.96M | -9.14M | -11.55M | -13.52M | -12.99M | -21.81M | -16.47M | -11.66M | 0 | -9.36M | -11.42M | -8.5M | -13.87M | -6.76M | -7.73M | -6.54M | 726.5K | -3.81M | -5.03M |
| FCF Margin % | 0.59% | -7.37% | -19.02% | -27.5% | -34.9% | -41.32% | -90.72% | -126.58% | -101.29% | - | -109.08% | -115.61% | -931.58% | -127.53% | -60.4% | -44.92% | -40.24% | 2.99% | -22.41% | -38.89% |
| FCF Growth % | 103.55% | 83.02% | 32.41% | 11.11% | 38.01% | 21.09% | -87.15% | - | -24.54% | 100% | -10.16% | 17.63% | -25.63% | -79.48% | -3.44% | -1163.39% | -71.39% | 114.43% | 3.74% | -25.13% |
| FCF per Share | 0.01 | -0.04 | -0.19 | -0.42 | -0.50 | -0.48 | -1.79 | -1.35 | -0.96 | - | -1.04 | -1.50 | -1.28 | -2.35 | -1.14 | -1.38 | -1.31 | 0.14 | -0.81 | -1.11 |
| FCF Conversion (FCF/Net Income) | -0.02x | 0.22x | 0.48x | 0.49x | 0.56x | 0.44x | 0.73x | 0.83x | 0.71x | - | 0.60x | 0.82x | 0.29x | 0.98x | 0.39x | 0.50x | 0.48x | 1.77x | 0.62x | 0.64x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |