MODULAR MEDICAL, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-6.5M | $-7.4M | $-7.8M | $-6.7M | $-4.8M | $-5.0M | $-4.1M | $-5.3M |
| Depreciation & Amortization | $501.0K | — | — | $410.0K | — | — | $196.0K | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $447.0K | — | — | $724.0K | — | — | $535.0K | — |
| Net Cash from Operating Activities | $-6.0M | $-7.2M | $-5.4M | $-5.4M | $-4.1M | $-3.8M | $-3.5M | $-4.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $688.0K | $1.2M | $771.0K | $934.0K | $542.0K | $161.0K | $842.0K | $499.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-688.0K | — | — | $-934.0K | — | — | $-842.0K | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $3.6M | — | — | $733.0K | — | — | $210.0K | — |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $-6.7M | $-8.4M | $-6.2M | $-6.3M | $-4.6M | $-3.9M | $-4.4M | $-4.5M |