Latest: Q3 2025 · from the cash-flow statements filed with the SEC
Free cash flow−$3K in Q3 2025
Operating cash flow−$3K
Free cash flow−$3K
Cash conversion cycle-142 days
Analysis
In Q3 2025, Onar Holding generated −$3K of operating cash flow. That is $479K more than in Q3 2024 (−$482K).
Operating cash flow was −$3K against net income of −$1.6M. The largest differences: payables +$506K, stock-based pay +$364K, receivables +$230K.
Its cash conversion cycle was -67 days (receivables 16 + inventory 0 − payables 83): suppliers fund its working capital.
Free cash flow
Operating cash flow less capital spending.Latest (Q3 2025): Operating cash flow −$3K, Capital spending $0.
Capital allocation, year by year
Over these 4 years operating cash flow totalled −$2.1M; the largest uses were operating cash flow ($2.3M) and capital spending ($53K). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$40K
Debtnone
Net cash$40K
Cash runway3.8 years
Onar Holding is burning cash: its operations consume cash, a free cash flow of −$11K a year at the current rate against $40K of cash and investments: a runway of about 3.8 years before any new financing.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q2 2026
5
—
146
-142
Q1 2026
4
—
144
-140
Q4 2025
25
—
232
-207
Q3 2025
16
—
83
-67
Q2 2025
29
—
67
-38
Q1 2025
13
—
48
-35
Q4 2024
24
—
20
4
Every quarter
Quarter
Operating cash flow
Capital spending
Acquisitions
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q3 2025
−$3K
—
—
$1.9M
−$19K
−$3K
Q2 2025
−$702K
—
—
$197K
$163K
−$702K
Q1 2025
−$322K
—
—
$422K
−$89K
−$322K
Q4 2024
−$421K
−$5K
$374K
−$7K
$124K
−$425K
Q3 2024
−$471K
−$11K
—
−$1K
−$77K
−$482K
Onar Holding: income statement and cash flow
Onar Holding, Q2 2026: revenue $1.0M (+123% year over year), operating margin -26.3%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.