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Ascent Solar Technologies cash flow, quarter by quarter

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

Free cash flow−$1.5M in Q3 2026 · −$7.2M over twelve months

Operating cash flow−$1.5M
Free cash flow−$1.5M
Cash conversion cycle43 days

Analysis

In Q3 2026, Ascent Solar Technologies generated −$1.5M of operating cash flow. That is $218K more than in Q3 2025 (−$1.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$7.2M; the largest uses were operating cash flow ($7.2M), other investing ($200K); besides operations, cash came from other financing ($18.3M); the cash balance rose by $10.9M.

Operating cash flow was −$1.5M against net income of −$2.9M. The largest differences: stock-based pay +$1.2M, accrued liabilities +$99K, prepaid and other assets −$49K.

Its cash conversion cycle was 43 days (receivables 14 + inventory 232 − payables 203).

Free cash flow

Ascent Solar Technologies: free cash flow by quarterAscent Solar Technologies: free cash flow by quarter−$1.5MQ4 2024−$1.6MQ1 2025−$1.8MQ2 2025−$1.8MQ3 2025−$1.8MQ4 2025−$2.0MQ1 2026−$1.8MQ2 2026−$1.5MQ3 2026
Operating cash flow less capital spending.
Ascent Solar Technologies: operating cash flow against capital spendingAscent Solar Technologies: operating cash flow against capital spendingOperating cash flowCapital spending−$1.5M$0Q4 2024−$1.6M$483Q1 2025−$1.8M$2KQ2 2025−$1.7M$30KQ3 2025−$1.8M$0Q4 2025−$2.0M$0Q1 2026−$1.8M$0Q2 2026−$1.5M$0Q3 2026
Latest (Q3 2026): Operating cash flow −$1.5M, Capital spending $0.

Capital allocation, year by year

Ascent Solar Technologies: where the cash came from (up) and went (down), by fiscal yearAscent Solar Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$9.4MFY2021: Shares issued $15.5MFY2021: Capital spending −$280K$15.5MFY2021FY2022: Operating cash flow −$10.5MFY2022: Net borrowing $15.0MFY2022: Capital spending −$169K$15.0MFY2022FY2023: Operating cash flow −$9.5MFY2023: Net borrowing −$1.0MFY2023: Shares issued $900KFY2023: Capital spending −$3.9M$900KFY2023FY2024: Operating cash flow −$8.4MFY2024: Net borrowing −$65KFY2024: Capital spending −$421FY2024FY2025: Operating cash flow −$6.9MFY2025: Net borrowing −$22KFY2025: Capital spending −$32KFY2025
Over these 5 years operating cash flow totalled −$44.8M; the largest uses were operating cash flow ($44.8M) and capital spending ($4.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$13.0M
Debtnone
Net cash$13.0M
Cash runway22 months

Ascent Solar Technologies is burning cash: its operations consume cash, a free cash flow of −$7.2M a year at the current rate against $13.0M of cash and investments: a runway of about 22 months before any new financing.

Where the cash came from and went

Ascent Solar Technologies: sources (+) and uses (−) of cash, Q3 2026Ascent Solar Technologies: sources (+) and uses (−) of cash, Q3 2026Operating cash flow−$1.5MCash drawn (+) / kept (−)$1.5M
Ascent Solar Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Ascent Solar Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$18.3MCash drawn (+) / kept (−)−$10.9MOperating cash flow−$7.2MOther investing−$200K

From profit to cash

Ascent Solar Technologies: net income to operating cash flow, Q3 2026Ascent Solar Technologies: net income to operating cash flow, Q3 2026Net income−$2.9MDepreciation & amortization$19KStock-based pay$1.2MReceivables$10KInventory$1KAccrued liabilities$99KPrepaid and other assets−$49KOperating cash flow−$1.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20261423220343
Q2 20261931625481
Q1 20267705556156
Q4 20250830673157
Q3 202521465495-9
Q2 20253414441536-58
Q1 202501685161075

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$1.5M———$1.5M−$1.5M
Q2 2026−$1.8M———$1.5M−$1.8M
Q1 2026−$2.0M——$10.0M−$13.3M−$2.0M
Q4 2025−$1.8M———−$692K−$1.8M
Q3 2025−$1.7M−$30K—$1.0M$861K−$1.8M
Q2 2025−$1.8M−$2K—$2.9M−$699K−$1.8M
Q1 2025−$1.6M−$483−$22K$681K$915K−$1.6M
Q4 2024−$1.5M———$551K−$1.5M

Ascent Solar Technologies: income statement and cash flow

Ascent Solar Technologies, Q3 2026: revenue $175K (+514% year over year). The chart follows the revenue to costs, profit and cash.

Ascent Solar Technologies: 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.