Annual Cash Flow Forecast (Quarterly)
Finance
March 28, 2026
Quarterly cash flow projection showing $11M net cash generation from $0 opening balance in Year 1 (2029)
$10,975
Year-End Cash
$11,075
Net Operating CF
$0
Opening Balance
88%
Cash Conversion
Quarterly Cash Accumulation
Closing Cash Balance ($000s)Year-End Position
Quarterly Net Cash Flow
Q1 ramp effect: T1/T2 linear 0→100% over 6 months · T3 starts M3
Cash Receipts by Track
Track 3 Private77.8%
Track 2 Reserved13.9%
Track 1 PPU + API8.3%
Cash Disbursements Breakdown
Direct OPEX$1.0M
SG&A$521K
Full Quarterly Cash Flow Statement
| Line Item | Q1 | Q2 | Q3 | Q4 | FY 2029 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Cash Receipts | 1,275 | 3,675 | 3,823 | 3,823 | 12,596 |
| Direct OPEX | (250) | (250) | (251) | (249) | (1,000) |
| SG&A | (130) | (130) | (131) | (130) | (521) |
| Net Operating CF | 895 | 3,295 | 3,441 | 3,444 | 11,075 |
| Investing Activities | |||||
| Spare Parts | (25) | (25) | (25) | (25) | (100) |
| Net Investing CF | (25) | (25) | (25) | (25) | (100) |
| Financing Activities | |||||
| Net Financing CF | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 870 | 3,270 | 3,416 | 3,419 | 10,975 |
| Opening Balance | 0 | 870 | 4,140 | 7,556 | 0 |
| Closing Balance | 870 | 4,140 | 7,556 | 10,975 | 10,975 |
Structural Observations
Cash Machine Effect
$0 → $11.0M in 12 months from pure operations. No debt, no equity, no external dependency.
BTM Structural Advantage
$0 electricity cost eliminates the 30–50% OPEX line that constrains conventional DC cash flow.
Concentration Risk
Track 3 = 77.8% of cash receipts. Single anchor client drives Q1 ramp timing and full-year trajectory.
Facility #2 Readiness
$11M year-end cash provides seed for next facility diligence, deposit, and pre-construction without new fundraise.
