Modular Medical, Inc.

MODDNASDAQHealthcare● Active

$4.86

+$0.22(+4.74%)

Market Cap$10252287

P/E Ratio—

52W High$30

52W Low$3.134

Avg Volume48K

Open$4.68

Beta0.06

Free Cash Flow Financials Revenue

Modular Medical, Inc. (MODD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MODD · free cash flow · updated Jun 9, 2026

Core FCF metrics

MODD · FCF · TTM · margin & CAGR

Free cash flow was −$18.2M for FY2025 (fiscal year ending 2025-03-31), down 16.4% year-over-year

FY2025 Free Cash Flow−$18.2M▼ -16.4% YoY

Trailing 12M (TTM)−$26.1Mtrailing 4 quarters sum

FCF Margin——

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MODD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$15.7M(2M)−$18.2M▼ 16.4%—

FY2024−$14.0M(2M)−$15.7M▼ 23.7%—

FY2023−$11.0M(2M)−$12.6M▼ 22.6%—

FY2022−$10.3M(0M)−$10.3M▼ 71.4%—

FY2021−$5.9M(0M)−$6.0M▼ 38.2%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MODD · P/FCF · FCF yield · FCF per share

Modular Medical, Inc. (MODD) reported negative free cash flow of −$0.02B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-03-31

Cash flow statement summary

MODD · cash flow statement · operating / investing / financing

For FY2025, Modular Medical, Inc. generated −$15.7M in operating cash flow and spent 2M in capital expenditures, yielding −$18.2M in free cash flow.

Operating Activities

−$15.7M

Cash from core business operations

2025-03-31

Investing Activities

−$2.5M

CapEx, acquisitions & investments

2025-03-31

Financing Activities

+$22.1M

Buybacks, dividends & debt

2025-03-31

FCF FormulaOperating CF (−$15.7M) − |CapEx| (2M) = FCF (−$18.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

MODD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Modular Medical, Inc.YOU

MODD

−$18.2M-16.4%—

Loss

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Modular Medical, Inc. (MODD) reported free cash flow of −$18.2M for FY2025 (fiscal year ending 2025-03-31), down 16.4% year-over-year.

Modular Medical, Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 15 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MODD free cash flow · 8 questions

Modular Medical, Inc. free cash flow was −$18.2M for FY2025, down 16.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$26.1M.

MODD free cash flowMODD FCFMODD FCF 2025MODD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Modular Medical, Inc. · Modular Medical, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026