Mullen Automotive, Inc. MULN NASDAQ

NASDAQ Capital Marke • Consumer Cyclical • Auto - Manufacturers • US • USD

SharesGrow Score

15/100

0/6 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

Income Statement Balance Sheet Cash Flow Statement

Annual Quarterly

Mullen Automotive, Inc. (MULN) generated $-185.56M in operating cash flow for fiscal year 2024. After capital expenditures of $14.75M, free cash flow was $-200.3M.

Free cash flow margin was -18303.9% of revenue. Cash conversion ratio was 0.37x, suggesting some earnings are non-cash.

Criteria supported by this page:

HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
MOAT (0/100, Fail) — limited free cash flow weakens the competitive position
INCOME (10/100) — Cash conversion ratio was 0.37x suggests some earnings are non-cash items

Overall SharesGrow Score: 14/100 with 0/7 criteria passed.

SharesGrow 7-Criteria Score

15/100

SG Score

View full scorecard →

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VALUE

N/A

No coverage

✗

FUTURE

20/100

Analyst consensus

→ Forecast

✗

PAST

0/100

→ Income

✗

HEALTH

0/100

Debt-to-Equity & liquidity

Proven by this page

✗

MOAT

0/100

Proven by this page

GROWTH

58/100

→ Income

✗

INCOME

10/100

→ Income

Mullen Automotive, Inc. Cash Flow History

Metric	TTM	FY2024	FY2023	FY2022	FY2021
Operating Cash Flow	$-109.78M	$-185.56M	$-179.17M	$-65.8M	$-17.52M
Capital Expenditure	$-4.93M	$-14.75M	$-107.92M	$-12.02M	$-161.78K
Free Cash Flow	$-114.71M	$-200.3M	$-287.1M	$-77.82M	$-17.68M