PyroGenesis Canada Inc.

PYR.TOTSXIndustrials● Active

$0.24

$-0.01(-4.00%)

Market Cap$49695840

P/E Ratio—

52W High$0.68

52W Low$0.17

Avg Volume299K

Open$0.25

Beta1.20

Free Cash Flow Financials Revenue

PyroGenesis Canada Inc. (PYR.TO) Free Cash Flow & Analysis

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

PYR.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

PYR.TO · FCF · TTM · margin & CAGR

Free cash flow was −$10.4M for FY2025 (fiscal year ending 2025-12-31), down 322.5% year-over-year The FCF margin was -82.4%.

FY2025 Free Cash Flow−$10.4M▼ -322.5% YoY

Trailing 12M (TTM)−$10.1Mtrailing 4 quarters sum

FCF Margin-82.4%−$10.4M ÷ revenue

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 8, 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

PYR.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$10.1M(0M)−$10.4M▼ 322.5%-82.4%

FY2024−$2.1M(0M)−$2.5M▲ +79.8%-15.7%

FY2023−$12.0M(0M)−$12.1M▼ 2.6%-98.2%

FY2022−$11.1M(1M)−$11.8M▲ +40.5%-62.1%

FY2021−$18.1M(2M)−$19.9M▼ 1118.1%-63.9%

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

FCF valuation metrics

PYR.TO · P/FCF · FCF yield · FCF per share

PyroGenesis Canada Inc. (PYR.TO) reported negative free cash flow of −$0.01B. 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 · 2025-12-31

Cash flow statement summary

PYR.TO · cash flow statement · operating / investing / financing

For FY2025, PyroGenesis Canada Inc. generated −$10.1M in operating cash flow and spent 0M in capital expenditures, yielding −$10.4M in free cash flow.

Operating Activities

−$10.1M

Cash from core business operations

2025-12-31

Investing Activities

+$2.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$5.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$10.1M) − |CapEx| (0M) = FCF (−$10.4M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

PYR.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PyroGenesis Canada Inc.YOU

PYR.TO

−$10.4M-322.5%-82.4%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

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

About Free Cash Flow & Methodology

PyroGenesis Canada Inc. (PYR.TO) reported free cash flow of −$10.4M for FY2025 (fiscal year ending 2025-12-31), down 322.5% year-over-year. The FCF margin was -82.4%.

PyroGenesis Canada 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

PYR.TO free cash flow · 8 questions

PyroGenesis Canada Inc. free cash flow was −$10.4M for FY2025, down 322.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$10.1M.

PYR.TO free cash flowPYR.TO FCFPYR.TO FCF 2025PYR.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PyroGenesis Canada Inc. · PyroGenesis Canada Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026