MODULAR MEDICAL, INC.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-28.2M | $-18.8M | $-17.5M | $-13.9M | $-18.6M | $-7.4M | $-5.3M | $-2.5M |
| Depreciation & Amortization | $1.7M | $1.1M | $426.0K | $152.0K | $117.5K | $111.0K | $35.4K | $14.5K |
| Depreciation | — | — | — | — | — | — | — | $14.5K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.8M | $2.4M | $2.7M | $2.7M | $4.0M | $1.2M | $801.2K | $532.1K |
| Net Cash from Operating Activities | $-23.8M | $-15.7M | $-14.0M | $-11.0M | $-10.3M | $-5.9M | $-4.1M | $-1.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $3.9M | $2.5M | $1.7M | $1.6M | $54.8K | $109.7K | $260.8K | $77.1K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.9M | $-2.5M | $-1.7M | $-1.6M | $-54.8K | $-109.7K | $-260.8K | $-77.1K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $21.5M | $22.1M | $21.1M | $7.4M | $17.9M | $4.4M | $924.0K | $4.1M |
| Net Change in Cash | — | — | — | $-5.3M | $7.6M | $-1.7M | $-3.4M | $2.3M |
| Free Cash Flow | $-27.7M | $-18.2M | $-15.7M | $-12.6M | $-10.3M | $-6.0M | $-4.4M | $-1.9M |