Operating cash outflows reached $162.2K in 2026Q1, highlighting a consistent burn rate that has reduced the company's cash position from $1.4M in 2025Q2 to $816.1K.
| Cash from Operations | -406.37K | -448.13K | 0 |
| Operating CF Margin % | - | - | - |
| Operating CF Growth % | 0% | - | - |
| Net Income | 3.91M | 4.78M | -117 |
| Depreciation & Amortization | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | -4.26M | -5.23M | 117 |
| Working Capital Changes | -48.35K | 0 | 0 |
| Change in Receivables | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 |
| Change in Payables | 34.42K | -10.04K | 0 |
| Cash from Investing | -183.69M | -253M | 0 |
| Capital Expenditures | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - |
| Acquisitions | 0 | - | - |
| Investments | 260.5M | 258.23M | 0 |
| Other Investing | 0 | -253M | 0 |
| Cash from Financing | 184.73M | 254.43M | 0 |
| Debt Issued (Net) | 0 | - | - |
| Equity Issued (Net) | 185.14M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 |
| Other Financing | -240.5K | 254.43M | 0 |
| Net Change in Cash | 621.28K | 0 | 0 |
| Free Cash Flow | -406.37K | -448.13K | 0 |
| FCF Margin % | - | - | - |
| FCF Growth % | - | - | - |
| FCF per Share | -0.02 | -0.03 | - |
| FCF Conversion (FCF/Net Income) | -0.10x | -0.09x | - |
| Interest Paid | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 |
Regulatory Deal Execution Failure
As reported in recent financial statements, OBA's net income of $2.1M in 2026Q1 stands in stark contrast to an operating cash outflow of $162.2K, indicating that reported earnings are entirely decoupled from the company's actual cash-generating capacity during this pre-combination phase.
The significant divergence between positive net income and negative operating cash flow suggests that accounting gains are likely driven by non-operating items rather than core business activity. Investors should monitor this disconnect, as it implies that the company's reported profitability provides no insight into its ability to sustain operations without external capital.
Based on OBA's reported figures, the company has consistently generated negative free cash flow, with outflows reaching $162.2K in 2026Q1, reflecting a persistent burn rate that is necessary to maintain its status as a public reporting issuer while awaiting a business combination.
The trajectory of free cash flow remains firmly in negative territory, confirming that the company is consuming its limited liquidity to fund administrative and regulatory overhead. This trend warrants investigation into how long the current cash reserves can support these outflows before a dilutive financing event becomes necessary.
According to recent SEC filings, working capital changes have remained negligible, with a minor $24.3K outflow in 2025Q3, underscoring the company's lack of operational complexity and its reliance on cash reserves to settle professional fees and regulatory obligations.
The absence of meaningful working capital movement is consistent with a shell entity that lacks inventory, receivables, or significant payables. This suggests that the company's cash position is primarily sensitive to administrative cost management rather than operational efficiency.
As indicated by the provided data, the cash flow statement effectively masks the binary nature of OBA's existence, where the $978,307 cash balance is the only metric that matters for the company's survival as a viable public vehicle for a future acquisition.
The cash flow statement fails to capture the intangible value of the company's listing status, which is the primary asset being preserved by the current burn. Analysts should be wary of interpreting these cash flows as indicative of future operational performance, as they are merely the costs of maintaining a shell.
Quick answers to the most common questions about buying OBA stock.
Oxley Bridge Acquisition Limited (OBA) generated $-0.4M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Oxley Bridge Acquisition Limited (OBA) reported negative free cash flow of $0.4M in 2025, indicating capital requirements exceeded cash from operations.
Oxley Bridge Acquisition Limited (OBA) 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.