WISeKey International Holding AG (WKEY) 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 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 | Q4'15 |
|---|
| Cash from Operations | -17.22M | -15.11M | -9.86M | -7.88M | -6.23M | -8.19M | -6.13M | -11.38M | -10.9M | -12.55M | 0 | -6.95M | -6.95M | -4.25M | -4.25M | -2.47M | -2.47M | -5.47M | -5.47M | -2.31M |
| Operating CF Margin % | -123.15% | -282.52% | -148.58% | -152.38% | -39.76% | -54.22% | -46.74% | -106.29% | -97.9% | -116.56% | - | -61.32% | -61.32% | -24.77% | -24.77% | -11.45% | -11.45% | -99.72% | -99.72% | -202.21% |
| Operating CF Growth % | -74.66% | -91.62% | -58.32% | 3.76% | -1.57% | 28.03% | 43.74% | - | 13.18% | -80.69% | 100% | -63.58% | -63.58% | -72.18% | -72.18% | 54.89% | 54.89% | -136.38% | - | - |
| Net Income | -1.62M | -4.5M | -3.94M | -9.47M | -8.82M | -7.1M | -3.22M | -4.88M | -12.05M | -24.56M | -4.35M | 3.73M | 3.73M | -8.13M | -8.13M | -12.38M | -12.38M | -18.24M | -18.24M | -3.2M |
| Depreciation & Amortization | 1.89M | 382.88K | 358.39K | 366K | 461.64K | 189.44K | 751.69K | -116.56K | 497K | 1.23M | 366K | 677.5K | 677.5K | 1.74M | 1.74M | 2.51M | 2.51M | 594.66K | 594.66K | 990.06K |
| Stock-Based Compensation | 0 | 10.09M | 2.66M | 1.17M | 174K | 109K | 357K | 57.5K | 1.89M | 393K | 0 | 2.71M | 2.71M | 0 | 0 | 1.12M | 1.12M | 12.4M | 12.4M | 325.93K |
| Deferred Taxes | 0 | 0 | 3.05M | 0 | 0 | -2.83M | -4.77M | -1.91M | -65.5K | 9K | 0 | -8.5K | -8.5K | -76K | -76K | -557.5K | -557.5K | -10.59K | -10.59K | 0 |
| Other Non-Cash Items | -19.22M | -11.79M | -10.96M | -4.93M | 1.12M | 4.31M | 3.93M | -2.06M | -1.77M | 5.51M | 3.6M | -14.15M | -14.15M | 1.72M | 1.72M | 2.45M | 2.45M | -467.68K | -467.68K | -128.36K |
| Working Capital Changes | 1.74M | 791.01K | 1.63M | 4.98M | 1.02M | -2.82M | -3.01M | -2.49M | 596K | 4.87M | 381.5K | 98.5K | 98.5K | -325K | -325K | 4.39M | 4.39M | 256.65K | 256.65K | -304.32K |
| Change in Receivables | -710.42K | 1.26M | -2.26M | 3.44M | -1.9M | -1.08M | 1.08M | -815.95K | 57.5K | 544K | 544K | -954.5K | -954.5K | -2.81M | -2.81M | 1.45M | 1.45M | 3.09M | 3.09M | -561.61K |
| Change in Inventory | 151.67K | -779.9K | 2.08M | 2.21M | 4.69M | -2.12M | -4.08M | -1.46M | -118K | 313K | 0 | 699.5K | 699.5K | -361K | -361K | -240K | -240K | 613.98K | 613.98K | 411 |
| Change in Payables | 2.52M | 787.98K | 998.68K | -369.85K | -1.42M | 801.55K | -79.64K | 215.35K | 1.03M | 2.39M | 0 | -882.5K | -882.5K | -63K | -63K | 754.5K | 754.5K | -1.4M | -1.4M | 130.97K |
| Cash from Investing | -26.76M | -1.55M | -483.78K | 661K | -1.36M | -1.71M | -185.59K | -309.19K | -1.26M | -3.59M | -311K | 18.31M | 18.31M | -2.12M | -2.12M | -6.43M | -6.43M | -1.51M | -1.51M | 1.51M |
| Capital Expenditures | -579.44K | -162.65K | -476.31K | -89K | -1.36M | -1.71M | -181.51K | -130.39K | -18K | -41K | -11K | -146.5K | -146.5K | -622K | -622K | -334.5K | -334.5K | -43.59K | -43.59K | 0 |
| CapEx % of Revenue | 4.15% | 3.04% | 7.18% | 1.72% | 8.69% | 11.31% | 1.38% | 1.22% | 0.16% | 0.38% | 0.27% | 1.29% | 1.29% | 3.63% | 3.63% | 1.55% | 1.55% | 0.8% | 0.8% | - |
| Acquisitions | -11.11M | 570.78K | 0 | 0 | 0 | 0 | -4.09K | -178.8K | -1.01M | -3.85M | 0 | 20.46M | 20.46M | 0 | 0 | -5.81M | -5.81M | -716.44K | -716.44K | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -1 | 0 | 750K | 0 | 0 | 1 | -90.5K | -238K | -4.16M | 311K | -2M | -2M | -1.5M | -1.5M | -276.5K | -276.5K | -747.79K | -747.79K | 1.51M |
| Cash from Financing | 348.08M | 50.94M | 73.88M | 18.25M | 9.23M | 3.04M | 3.99M | 364.51K | 18.49M | 19.27M | 2.21M | -8.64M | -8.64M | 5.94M | 5.94M | 12.76M | 12.76M | 9.05M | 9.05M | 716K |
| Debt Issued (Net) | -2.38M | -2.55M | 1.85M | 18.05M | 9.23M | 2.96M | 3.99M | 464.2K | 19.54M | 20.36M | 0 | -10.37M | -10.37M | 4.83M | 4.83M | 10.22M | 10.22M | 4.21M | 4.21M | 0 |
| Equity Issued (Net) | 353.58M | 53.49M | 72.03M | 0 | -1K | 28.03K | 8.17K | -51K | 113K | 1.36M | -300K | 43.5K | 43.5K | 1M | 1M | 2.52M | 2.52M | 3.93M | 3.93M | 716K |
| 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 | -1K | 0 | -2.3K | -100.76K | 0 | -835K | -300K | -512.5K | -512.5K | -450K | -450K | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -3.13M | 52.95M | 74.67M | 18.25M | -1.99K | 1.49M | 6.23K | 235.5K | -1.17M | -4.74M | 4.8M | 1.69M | 1.69M | 108.5K | 108.5K | 18.5K | 18.5K | 908.53K | 908.53K | 0 |
| Net Change in Cash | 304.65M | 34M | 64.2M | 26.4M | 1.26M | -6.77M | -2.13M | -11.36M | 12.6M | 19.86M | 1.9M | 5.49M | 5.49M | -1.06M | -1.06M | 6.99M | 6.99M | 4.96M | 4.96M | -165.22K |
| Free Cash Flow | -17.79M | -15.27M | -10.33M | -7.97M | -7.59M | -9.9M | -6.31M | -11.51M | -10.91M | -12.59M | -11K | -7.09M | -7.09M | -4.87M | -4.87M | -2.8M | -2.8M | -5.51M | -5.51M | -2.31M |
| FCF Margin % | -127.3% | -285.57% | -155.75% | -154.1% | -48.45% | -65.53% | -48.12% | -107.51% | -98.06% | -116.94% | -0.27% | -62.62% | -62.62% | -28.4% | -28.4% | -13% | -13% | -100.52% | -100.52% | -202.21% |
| FCF Growth % | -72.21% | -91.52% | -36.21% | 19.46% | -20.2% | 14.01% | 42.17% | - | 13.32% | -77.54% | 99.84% | -45.69% | -45.69% | -73.83% | -73.83% | 49.17% | 49.17% | -138.26% | - | - |
| FCF per Share | -1.58 | -1.82 | -1.05 | -0.81 | -1.67 | -2.21 | -1.28 | -2.76 | -2.62 | -3.68 | -0.00 | -2.37 | -2.37 | -1.79 | -1.79 | -1.19 | -1.19 | -3.01 | -3.01 | -0.31 |
| FCF Conversion (FCF/Net Income) | 10.63x | 3.36x | 2.50x | 0.42x | 0.71x | 1.18x | 1.97x | 1.23x | 0.90x | 0.51x | - | 0.60x | 0.60x | 0.52x | 0.52x | 0.20x | 0.20x | 0.30x | 0.30x | 0.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250K | 0 | 378K | 378K | 386K | 386K | 125K | 125K | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46K | 0 | 6K | 6K | 36K | 36K | 39K | 39K | 0 | 0 | 0 |