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Alerus Financial cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$52.7M in Q3 2026 · $112M over twelve months

Operating cash flow$51.3M
Capital spending$1.5M
Free cash flow+$52.7M
Cash / net income2.7×

Analysis

In Q3 2026, Alerus Financial generated $51.3M of operating cash flow and spent −$1.5M on capital projects, leaving free cash flow of $52.7M. That is $22.4M more than in Q3 2025 ($30.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $114M; the largest uses were other financing ($109M), other investing ($104M), buybacks ($22.2M); besides operations, cash came from net borrowing (+) / repaid (−) ($118M); the cash balance fell by $26.3M.

Operating cash flow was $51.3M against net income of $19.2M — 2.7× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$31.3M, prepaid and other assets −$4.2M, depreciation & amortization +$3.4M.

Free cash flow

Alerus Financial: free cash flow by quarterAlerus Financial: free cash flow by quarter−$2.7MQ4 2024$5.7MQ1 2025$7.6MQ2 2025$30.3MQ3 2025$15.3MQ4 2025$25.8MQ1 2026$17.9MQ2 2026$52.7MQ3 2026
Operating cash flow less capital spending.
Alerus Financial: operating cash flow against capital spendingAlerus Financial: operating cash flow against capital spendingOperating cash flowCapital spending$2.3M$5.0MQ4 2024$7.7M$2.1MQ1 2025$10.7M$3.1MQ2 2025$32.8M$2.5MQ3 2025$16.3M$1.0MQ4 2025$27.8M$2.0MQ1 2026$18.6M$686KQ2 2026$51.3M−$1.5MQ3 2026
Latest (Q3 2026): Operating cash flow $51.3M, Capital spending −$1.5M.

Capital allocation, year by year

Alerus Financial: where the cash came from (up) and went (down), by fiscal yearAlerus Financial: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $150MFY2021: Net borrowing −$49.9MFY2021: Capital spending −$1.7MFY2021: Buybacks −$712KFY2021: Dividends −$10.8M$150MFY2021FY2022: Operating cash flow $103MFY2022: Net borrowing $378MFY2022: Capital spending −$1.8MFY2022: Acquisitions $102MFY2022: Buybacks −$738KFY2022: Dividends −$12.8M$582MFY2022FY2023: Operating cash flow $26.8MFY2023: Net borrowing −$63.9MFY2023: Capital spending −$3.1MFY2023: Buybacks −$6.6MFY2023: Dividends −$14.8M$26.8MFY2023FY2024: Operating cash flow $21.7MFY2024: Net borrowing −$76.8MFY2024: Asset sales $7.5MFY2024: Capital spending −$12.4MFY2024: Buybacks −$276KFY2024: Dividends −$15.4M$29.2MFY2024FY2025: Operating cash flow $67.5MFY2025: Net borrowing $69.8MFY2025: Capital spending −$8.7MFY2025: Buybacks −$737KFY2025: Dividends −$20.8M$137MFY2025
Over these 5 years operating cash flow totalled $369M; the largest uses were net borrowing ($191M) and dividends ($74.6M). Cash-flow statements as filed.

Where the cash came from and went

Alerus Financial: sources (+) and uses (−) of cash, Q3 2026Alerus Financial: sources (+) and uses (−) of cash, Q3 2026Other investing−$167MOther financing$111MOperating cash flow$51.3MCash drawn (+) / kept (−)$43.3MNet borrowing (+) / repaid (−)−$26.6MBuybacks−$8.3MDividends−$5.5MCapital spending$1.5M
Alerus Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Alerus Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$118MOperating cash flow$114MOther financing−$109MOther investing−$104MCash drawn (+) / kept (−)$26.3MBuybacks−$22.2MDividends−$21.3MCapital spending−$2.3M

From profit to cash

Alerus Financial: net income to operating cash flow, Q3 2026Alerus Financial: net income to operating cash flow, Q3 2026Net income$19.2MDepreciation & amortization$3.4MStock-based pay$748KDeferred taxes−$2.6MGains on disposals−$1.6MAccrued liabilities$31.3MPrepaid and other assets−$4.2MOperating cash flow$51.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$51.3M$1.5M−$8.3M−$5.5M−$26.6M$43.3M$52.7M
Q2 2026$18.6M−$686K−$7.1M−$5.6M$145M$19.8M$17.9M
Q1 2026$27.8M−$2.0M−$6.5M−$5.1M−$109M−$61.6M$25.8M
Q4 2025$16.3M−$1.0M−$219K−$5.1M$109M$24.9M$15.3M
Q3 2025$32.8M−$2.5M−$342K−$5.3M−$115M−$11.1M$30.3M
Q2 2025$10.7M−$3.1M−$49K−$5.3M$115M$2.1M$7.6M
Q1 2025$7.7M−$2.1M−$127K−$5.1M−$39.0M−$21.7M$5.7M
Q4 2024$2.3M−$5.0M−$44K−$4.0M−$7.3M$4.7M−$2.7M

Alerus Financial: income statement and cash flow

Alerus Financial, Q3 2026: revenue $81.1M (+12% year over year), operating margin 30.8%. The chart follows the revenue to costs, profit and cash.

Alerus Financial: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.