Bollinger Innovations, Inc. cash flow statement BINI

Annual Quarterly

In Q3 of fiscal 2025, the quarter ended Jun 30, 2025, Bollinger Innovations, Inc. used $20.8 million of cash from operations, up 43.3% from the same quarter a year earlier. It spent $378,828 on capital expenditures. Free cash flow was negative, at -$21.2 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Jun 30, 2025	Q3 FY2025 Jun 30, 2025	Q2 FY2025 Mar 31, 2025	Q1 FY2025 Dec 31, 2024	Q4 FY2024 Sep 30, 2024	Q3 FY2024 Jun 30, 2024	Q2 FY2024 Mar 31, 2024	Q1 FY2024 Dec 31, 2023	Q4 FY2023 Sep 30, 2023
Operating
Depreciation and amortization	17 -27.6%	3 -12.3%	5 -52.1%	5 +9.3%	4 -21.9%	3 +40.1%	10 +167.2%	4 -9.4%	5 +128.4%
Stock-based compensation	78 +79.5%	25 +82.4%	24 +1288.2%	19 +33.7%	11 -22.0%	14 +26.6%	2 -91.3%	14 -65.9%	14 +28.4%
Operating cash flow	-110 +47.9%	-21 +43.3%	-23 +52.6%	-26 +57.3%	-40 +38.4%	-37 +20.3%	-49 -41.5%	-60 -80.2%	-66 -190.3%
Investing
Capital expenditures	5 -65.3%	0 -76.1%	2 -70.7%	2 -67.7%	1 +286.2%	2 -84.2%	6 +56.9%	7 +845.1%	0 -71.8%
Investing cash flow	-6 +56.4%	-0 +76.1%	-2 +70.7%	-2 +67.7%	-2 -342.2%	-2 +84.2%	-6 -51.4%	-7 +92.7%	-0 +98.7%
Financing
Financing cash flow	113 +6225.6%	20 +58.5%	24 +115.6%	20 -86.8%	49 +961.4%	12 -93.7%	-155 -192.6%	—	-6 -107.0%
Change in cash
Net change in cash	-3 +98.6%	-1 +94.3%	-0 +99.3%	-8 +88.0%	7 +109.5%	-26 -118.4%	-59 -185.9%	-67 -389.6%	-72 -408.4%
Free cash flow	-115 +49.0%	-21 +44.6%	-25 +54.5%	-28 +58.4%	-41 +37.5%	-38 +31.7%	-54 -42.9%	-67 -96.6%	-66 -183.1%
Per share
Free cash flow per share	—	—	—	—	—	-3.16 +98.4%	—	-16.66 +97.0%	-32.82 -408.0%
Ratios
Free cash flow margin	-1,228.19%	-4,475.27%	-498.23%	-951.40%	-4,124.20%	-58,701.25%	-162,549.10%	—	-113,317.28%
Capital expenditures to revenue	52.82%	79.97%	33.13%	76.05%	69.72%	2,427.89%	16,812.12%	—	309.96%
Stock-based compensation to revenue	838.06%	5,223.88%	478.38%	636.60%	1,130.67%	20,793.69%	5,117.32%	—	24,873.27%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Motor Vehicles & Passenger Car Bodies (SIC 3711)
Listed as: BINI
Fiscal year ends: September 30
Incorporated in: DE
Headquarters: Brea, CA
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 1499961
Former names: MULLEN AUTOMOTIVE INC. (until Jul 23, 2025); Net Element, Inc. (until Nov 8, 2021); Net Element International, Inc. (until Dec 5, 2013); Cazador Acquisition Corp Ltd. (until Oct 2, 2012)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.