Sound Group (SOGP) Cash Flow: Operating & Free Cash Flow

Sound Group (SOGP) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Sound Group generated CNY 272.40M of operating cash flow and spent CNY 3.35M on capital expenditures. That left free cash flow of CNY 269.05M, or 8.7% of revenue. It returned CNY 57.43M to shareholders through CNY 29.46M in dividends and CNY 27.97M in share buybacks.

Sound Group Cash Flow Statement Analysis

Values in millions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Sound Group Inc. (SOGP) - Annual data in millions CNY
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	220.31	-80.98	-134.52	86.50	-127.25	-82.18	-132.96	-9.34	-153.67
Depreciation & Amortization	22.29	28.83	31.10	33.82	31.24	27.84	12.54	9.76	5.87
Stock Based Compensation	0.00	14.15	26.76	29.23	37.36	50.74	0.00	0.00	0.00
Change in Working Capital	27.59	8.15	-132.04	-14.33	17.49	41.64	25.85	13.03	111.82
Change in Accounts Receivable	0.04	0.48	1.64	3.23	1.90	-5.38	3.51	6.19	-3.61
Change in Accounts Payable	18.84	-3.81	-10.65	-26.96	2.53	5.97	-4.42	24.26	40.96
Change in Other Working Capital	8.71	-18.22	-116.58	9.41	13.06	41.05	26.76	-17.42	74.48
Other Operating Activities	2.20	3.38	91.65	1.04	0.74	1.96	-1.18	0.52	4.64
Net Cash from Operating Activities	272.40	-26.47	-117.05	136.27	-40.43	40.00	-95.75	13.96	-31.33
Investing Activities
Capital Expenditures	-3.35	-11.07	-5.96	-11.84	-20.93	-23.01	-29.37	-17.42	-12.70
Acquisitions	0.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	-240.27	-125.00	111.02	-191.02	0.00	-86.31	0.00	0.00	-0.50
Sales/Maturities of Investments	240.27	125.00	111.02	80.00	73.02	14.51	0.00	0.00	0.00
Other Investing Activities	0.00	-0.90	0.59	-0.07	-0.85	-1.51	-1.51	-3.21	-4.77
Net Cash from Investing Activities	-3.70	-11.97	105.65	-122.78	52.10	-94.56	-29.37	-17.38	-13.20
Financing Activities
Debt Repayment	-6.99	-11.19	-114.88	4.77	29.49	39.00	0.00	0.00	-0.02
Common Stock Issued	0.03	0.01	0.01	0.00	183.19	259.04	0.00	0.00	0.00
Common Stock Repurchased	-27.97	-10.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-29.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	0.00	0.01	2.30	0.01	0.00	0.00	0.00	0.00	237.81
Net Cash from Financing Activities	-64.40	-2.99	-71.67	4.77	212.68	298.05	0.00	0.00	237.79
Summary
Effect of Forex Changes on Cash	21.89	-3.02	2.17	22.81	-6.06	-7.04	2.23	2.51	-5.15
Net Change in Cash	226.20	-44.45	-80.90	41.07	218.29	236.45	-122.90	-0.91	188.11
Cash at Beginning of Period	434.13	497.62	578.52	537.45	319.15	82.71	205.60	206.51	18.40
Cash at End of Period	660.32	453.16	497.62	578.52	537.45	319.15	82.71	205.60	206.51
Free Cash Flow	269.05	-37.54	-123.01	124.43	-61.36	16.99	-125.12	-3.46	-44.03
Supplemental Disclosures
Interest Paid	-	0.42	2.05	2.23	3.14	1.89	-	-	-
Income Taxes Paid	-	1.86	0.50	0.10	0.92	-	-	-	-

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

Frequently Asked Questions About Sound Group Cash Flow

What is Sound Group's free cash flow?

Sound Group generated free cash flow of CNY 269.05M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of CNY 272.40M minus CNY 3.35M of capital expenditures. Free cash flow equaled 8.7% of revenue.

How much does Sound Group spend on capital expenditures?

Sound Group spent CNY 3.35M on capital expenditures in fiscal 2025, compared with CNY 11.07M a year earlier. That equals 1.2% of operating cash flow.

Does Sound Group pay dividends or buy back shares?

Yes. In fiscal 2025 Sound Group returned CNY 29.46M in dividends and CNY 27.97M 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