Armata Pharmaceuticals (ARMP) Cash Flow: Operating & Free Cash Flow

Armata Pharmaceuticals Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Armata Pharmaceuticals, Inc. (ARMP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-173.80	-18.92	-69.05	-36.92	-23.16	-22.18	-19.48	-12.11	-12.84
Depreciation & Amortization	1.53	1.33	0.97	0.89	1.17	1.11	1.35	0.39	0.37
Deferred Income Tax	0.00	0.00	0.00	0.00	0.00	0.00	-0.45	-0.33	-1.30
Stock Based Compensation	2.61	2.89	0.94	3.11	2.88	3.48	4.27	0.48	0.70
Change in Working Capital	-1.41	-2.10	-9.65	0.44	-3.22	-0.87	-2.19	0.35	-0.46
Change in Accounts Receivable	0.00	0.00	0.00	1.05	-2.43	-0.47	0.00	0.00	0.38
Change in Accounts Payable	-0.33	-3.76	0.04	3.67	0.18	0.54	-1.37	0.34	-0.84
Change in Other Working Capital	139.90	-18.59	-8.63	-4.02	-3.88	-0.95	-0.82	0.00	0.38
Other Operating Activities	139.90	-18.59	29.36	0.00	-1.25	0.20	0.92	1.84	4.33
Net Cash from Operating Activities	-25.76	-37.55	-47.42	-32.48	-23.58	-18.27	-15.58	-9.38	-9.19
Investing Activities
Capital Expenditures	-0.54	-1.88	-8.14	-2.21	-1.30	-0.82	-0.13	-0.04	-0.06
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	3.01	0.07	0.00
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.39	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.02	0.00
Other Investing Activities	0.00	0.00	0.01	0.00	0.00	0.00	0.00	9.69	-1.91
Net Cash from Investing Activities	-0.54	-1.88	-8.13	-2.21	-1.30	-0.82	2.88	-0.04	-0.06
Financing Activities
Debt Repayment	25.00	34.89	54.03	0.00	0.00	0.72	0.00	0.00	-0.82
Common Stock Issued	0.66	0.13	0.01	44.39	26.93	22.89	9.98	12.25	9.35
Common Stock Repurchased	-0.05	-0.06	-0.04	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-0.05	-0.06	-0.04	-0.50	-1.41	-0.40	-1.00	0.20	0.13
Net Cash from Financing Activities	25.61	34.96	53.99	44.02	25.52	23.21	8.98	12.45	8.67
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	-4.76	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	-0.69	-4.47	-1.57	9.32	0.64	4.12	-3.73	3.03	-0.58
Cash at Beginning of Period	14.77	19.24	20.81	11.49	10.85	6.73	10.46	5.13	5.71
Cash at End of Period	14.08	14.77	19.24	20.81	11.49	10.85	6.73	8.16	5.13
Free Cash Flow	-26.31	-39.43	-55.57	-34.69	-24.88	-19.09	-15.71	-9.43	-9.25

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Armata Pharmaceuticals Cash Flow

What is Armata Pharmaceuticals's free cash flow?

Armata Pharmaceuticals had negative free cash flow of $26.30M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$25.76M minus $542.00K of capital expenditures.

How much does Armata Pharmaceuticals spend on capital expenditures?

Armata Pharmaceuticals spent $542.00K on capital expenditures in fiscal 2025, compared with $1.88M a year earlier.

Does Armata Pharmaceuticals pay dividends or buy back shares?

Yes. In fiscal 2025 Armata Pharmaceuticals returned $46.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition