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Arts Way Manufacturing cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$13K in Q3 FY26 · −$1.0M over twelve months

Operating cash flow$1.3M
Capital spending−$1.3M
Free cash flow+$13K
Cash conversion cycle300 days

Analysis

In Q3 FY26, Arts Way Manufacturing generated $1.3M of operating cash flow and spent $1.3M on capital projects, leaving free cash flow of $13K. That is $1.5M more than in Q3 FY25 (−$1.5M).

Over the twelve months to Aug 31, 2026, operating cash flow was $959K; the largest uses were capital spending ($2.0M), buybacks ($2K); besides operations, cash came from net borrowing (+) / repaid (−) ($558K), other financing ($352K); the cash balance fell by $3K.

Operating cash flow was $1.3M against net income of −$140K. The largest differences: receivables −$2.3M, inventory +$624K, prepaid and other assets +$350K.

Its cash conversion cycle was 300 days (receivables 64 + inventory 267 − payables 32).

Free cash flow

Arts Way Manufacturing: free cash flow by quarterArts Way Manufacturing: free cash flow by quarter$1.1MQ4 FY24−$185KQ1 FY25$1.2MQ2 FY25−$1.5MQ3 FY25−$1.0MQ4 FY25−$28KQ1 FY26$21KQ2 FY26$13KQ3 FY26
Operating cash flow less capital spending.
Arts Way Manufacturing: operating cash flow against capital spendingArts Way Manufacturing: operating cash flow against capital spendingOperating cash flowCapital spending$1.2M$110KQ4 FY24−$102K$83KQ1 FY25$1.4M$131KQ2 FY25−$1.3M$261KQ3 FY25−$889K$153KQ4 FY25$148K$176KQ1 FY26$362K$341KQ2 FY26$1.3M$1.3MQ3 FY26
Latest (Q3 FY26): Operating cash flow $1.3M, Capital spending $1.3M.

Capital allocation, year by year

Arts Way Manufacturing: where the cash came from (up) and went (down), by fiscal yearArts Way Manufacturing: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY21: Operating cash flow −$986KFY21: Net borrowing $1.6MFY21: Asset sales $21KFY21: Capital spending −$620KFY21: Buybacks −$30K$1.6MFY21FY22: Operating cash flow $952KFY22: Net borrowing −$333KFY22: Shares issued $546KFY22: Asset sales $404KFY22: Capital spending −$1.7MFY22: Buybacks −$92K$1.9MFY22FY23: Operating cash flow −$55KFY23: Net borrowing $205KFY23: Asset sales $287KFY23: Capital spending −$842KFY23: Buybacks −$69K$492KFY23FY24: Operating cash flow $2.6MFY24: Net borrowing −$3.4MFY24: Asset sales $5KFY24: Capital spending −$725KFY24: Buybacks −$38K$2.6MFY24FY25: Operating cash flow −$904KFY25: Net borrowing $1.5MFY25: Asset sales $47KFY25: Capital spending −$628KFY25: Buybacks −$2K$1.5MFY25
Over these 5 years operating cash flow totalled $1.6M; the largest uses were capital spending ($4.5M) and net borrowing ($3.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3K
Debt$2.4M
Net debt$2.4M
Due within a year$165K

Arts Way Manufacturing's operations bring cash in ($959K over twelve months), and it spends more than that on capital projects: a gap of $1.0M funded from its $3K of cash and investments and from borrowing ($2.4M of debt, $165K due within a year). That is a choice to invest, not a cash runway running down.

Arts Way Manufacturing: debt maturities by year (FY25)Arts Way Manufacturing: debt maturities by year (FY25)$165KYear 1$177KYear 2$189KYear 3$203KYear 4$218KYear 5
Principal due in each year as disclosed in the annual report, against $3K of cash and investments now.

Where the cash came from and went

Arts Way Manufacturing: sources (+) and uses (−) of cash, Q3 FY26Arts Way Manufacturing: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$1.3MCapital spending−$1.3MOther financing−$56KNet borrowing (+) / repaid (−)$40KCash drawn (+) / kept (−)$3K
Arts Way Manufacturing: sources (+) and uses (−) of cash, TTM to Q3 FY26Arts Way Manufacturing: sources (+) and uses (−) of cash, TTM to Q3 FY26Capital spending−$2.0MOperating cash flow$959KNet borrowing (+) / repaid (−)$558KOther financing$352KAsset & business sales$124KCash drawn (+) / kept (−)$3KBuybacks−$2K

From profit to cash

Arts Way Manufacturing: net income to operating cash flow, Q3 FY26Arts Way Manufacturing: net income to operating cash flow, Q3 FY26Net income−$140KDepreciation & amortization$215KStock-based pay$42KDeferred taxes−$54KReceivables−$2.3MInventory$624KPayables−$302KAccrued liabilities$30KPrepaid and other assets$350KOperating cash flow$1.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY266426732300
Q2 FY263618625197
Q1 FY263822625240
Q4 FY253825323268
Q3 FY252821724221
Q2 FY252423324233
Q1 FY253326223272
Q4 FY243924321261

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 FY26$1.3M−$1.3M—$40K$3K$13K
Q2 FY26$362K−$341K−$2K−$44K−$3K$21K
Q1 FY26$148K−$176K—$77K$2K−$28K
Q4 FY25−$889K−$153K—$486K$1K−$1.0M
Q3 FY25−$1.3M−$261K—$1.5M−$1K−$1.5M
Q2 FY25$1.4M−$131K—−$1.2M−$401$1.2M
Q1 FY25−$102K−$83K−$2K$188K−$2K−$185K
Q4 FY24$1.2M−$110K—−$2.6M$3K$1.1M

Arts Way Manufacturing: income statement and cash flow

Arts Way Manufacturing, Q3 FY26: revenue $5.6M (-13% year over year), operating margin -1.2%. The chart follows the revenue to costs, profit and cash.

Arts Way Manufacturing: 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.