C3is (CISS) Cash Flow: Operating & Free Cash Flow

C3is Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for C3is Inc. (CISS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	10.47	-2.75	9.29	0.55	3.61
Depreciation & Amortization	6.50	6.18	4.10	0.56	0.44
Stock Based Compensation	0.38	0.34	0.04	0.00	0.00
Change in Working Capital	-4.20	8.81	-7.55	-0.06	-4.06
Change in Accounts Receivable	-1.45	7.63	-9.62	-0.82	-4.26
Change in Inventory	-0.43	-0.19	-0.52	-0.17	-0.06
Change in Accounts Payable	0.90	0.74	-0.25	0.79	0.15
Change in Other Working Capital	-2.93	0.03	2.84	0.14	0.11
Other Operating Activities	-9.15	0.03	-0.24	0.00	0.00
Net Cash from Operating Activities	4.00	24.98	5.64	1.05	-0.01
Investing Activities
Capital Expenditures	-0.16	-1.62	-4.30	-39.39	-11.64
Purchases of Investments	-21.12	-27.95	-8.13	0.00	0.00
Sales/Maturities of Investments	14.75	28.21	0.00	0.00	0.00
Net Cash from Investing Activities	-6.54	-1.36	-12.43	-39.39	-11.64
Financing Activities
Debt Repayment	-13.38	0.00	0.00	0.00	7.28
Common Stock Issued	13.70	13.15	5.00	0.00	11.49
Dividends Paid	-0.57	-0.76	-0.24	0.00	-6.35
Other Financing Activities	-1.24	-37.91	2.72	38.34	0.00
Net Cash from Financing Activities	-1.49	-19.67	7.48	38.34	12.42
Summary
Effect of Forex Changes on Cash	0.00	0.00	-0.27	0.00	-0.50
Net Change in Cash	-4.02	3.95	0.42	0.00	0.27
Cash at Beginning of Period	4.64	0.70	0.27	0.00	0.00
Cash at End of Period	0.62	4.64	0.70	0.00	0.27
Free Cash Flow	3.84	23.35	1.34	-38.34	-11.65

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

Frequently Asked Questions About C3is Cash Flow

What is C3is's free cash flow?

C3is generated free cash flow of $3.84M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $4.00M minus $161.90K of capital expenditures. That was down 83.6% from $23.35M a year earlier. Free cash flow equaled 11.0% of revenue.

How much does C3is spend on capital expenditures?

C3is spent $161.90K on capital expenditures in fiscal 2025, compared with $1.62M a year earlier. That equals 4.0% of operating cash flow.

Does C3is pay dividends or buy back shares?

Yes. In fiscal 2025 C3is returned $568.75K in dividends 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