For the quarter ending 2026-03-31, GUER had -$934,241 decrease in cash & cash equivalents over the period. -$1,316,845 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Non-cash interest expense related to debt financing | - | 0 | 0 | 0 |
| Net income | 1,121,605 | -2,327,727 | -644,972 | -4,013,607 |
| Depreciation and amortization | 326,631 | 323,951 | 306,896 | 589,803 |
| Accretion of notes payables | - | 0 | 0 | 0 |
| Loss on extinguishment of debt | - | 0 | 0 | - |
| Share-based compensation | 133,614 | 213,157 | 161,101 | 635,311 |
| Inventory allowance | - | - | 15,400 | -41,189 |
| Fair value adjustment of derivative liabilities | - | 0 | 0 | 0 |
| Non-cash amortization of debt discount | 2,915 | - | - | - |
| Change in fair value of warrant liabilities | -929,150 | 2,162,068 | 190,653 | -843,821 |
| Amortization of operating lease rou assets | 244,211 | 1,124,758 | - | - |
| Deferred revenue | - | - | -64,112 | 140,767 |
| Deferred income taxes | - | 5,000 | - | - |
| Accounts receivable | 2,141,641 | -111,943 | -558,966 | 247,296 |
| Inventories | 153,009 | -342,723 | 256,711 | -115,865 |
| Prepaid expenses | - | -67,391 | -445,119 | 20,440 |
| Prepaid expenses and other assets | -90,816 | - | - | - |
| Accounts payable and accrued expenses | 181,927 | 136,806 | 33,961 | 108,814 |
| Operating lease liability | -131,567 | -1,012,090 | 112,669 | 230,420 |
| Income taxes payable | - | 200 | - | - |
| Net cash used in operating activities | -1,253,648 | 1,097,314 | 858,970 | -3,345,373 |
| Purchases of property, plant, and equipment | 63,197 | 204,434 | 614,464 | 558,993 |
| Purchase of intangible assets | - | 0 | 0 | 0 |
| Proceeds from equity financing, net | - | 0 | 0 | 0 |
| Net cash used in investing activities | -63,197 | -204,434 | -614,464 | -558,993 |
| Proceeds from stock options exercised | - | 0 | 0 | 0 |
| Proceeds from notes payable and recourse factoring agreement | 2,930,234 | 4,135,054 | 4,021,665 | 6,493,843 |
| Principal payments of notes payable and recourse factoring agreement | 2,196,226 | 4,580,185 | 4,779,520 | 5,205,048 |
| Refund of unused offering cost | 0 | 0 | 0 | 30,002 |
| Payment of deferred offering costs | - | 0 | - | 0 |
| Principal payments on finance lease | 152,824 | 154,309 | 161,393 | 349,547 |
| Repayment of finance agreements | 198,580 | 154,134 | 119,654 | 225,721 |
| Net cash provided by financing activities | 382,604 | -753,574 | -1,038,902 | 743,529 |
| Net decrease in cash | -934,241 | 139,306 | -794,396 | -3,160,837 |
| Cash, beginning of period | 4,158,723 | 4,019,417 | 7,974,650 | - |
| Cash, end of period | 3,224,482 | 4,158,723 | 4,019,417 | - |
Guerrilla RF, Inc. (GUER)
Guerrilla RF, Inc. (GUER)