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Azenta cash flow, quarter by quarter

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

Free cash flow−$5.2M in Q3 FY26 · $9.9M over twelve months

Operating cash flow$1.4M
Capital spending−$6.6M
Free cash flow−$5.2M
Cash / net income0.6×
Cash conversion cycle121 days

Analysis

In Q3 FY26, Azenta generated $1.4M of operating cash flow and spent $6.6M on capital projects, leaving free cash flow of −$5.2M. That is $20.2M less than in Q3 FY25 ($15.0M).

Over the twelve months to Jun 30, 2026, operating cash flow was $38.0M; the largest uses were buybacks ($50.0M), other investing ($33.2M), capital spending ($28.1M); besides operations, cash came from shares issued ($2.4M); the cash balance fell by $89.1M.

Operating cash flow was $1.4M against net income of $2.5M — 0.6× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$13.6M, other operating capital −$7.1M, deferred revenue −$5.2M.

Its cash conversion cycle was 121 days (receivables 78 + inventory 81 − payables 37).

Free cash flow

Azenta: free cash flow by quarterAzenta: free cash flow by quarter$8.3MQ4 FY24$22.0MQ1 FY25$7.0MQ2 FY25$15.0MQ3 FY25−$5.7MQ4 FY25$14.7MQ1 FY26$6.1MQ2 FY26−$5.2MQ3 FY26
Operating cash flow less capital spending.
Azenta: operating cash flow against capital spendingAzenta: operating cash flow against capital spendingOperating cash flowCapital spending$17.7M$9.4MQ4 FY24$29.8M$7.8MQ1 FY25$14.4M$7.4MQ2 FY25$25.8M$10.8MQ3 FY25$2.2M$7.9MQ4 FY25$20.8M$6.2MQ1 FY26$13.5M$7.4MQ2 FY26$1.4M$6.6MQ3 FY26
Latest (Q3 FY26): Operating cash flow $1.4M, Capital spending $6.6M.

Capital allocation, year by year

Azenta: where the cash came from (up) and went (down), by fiscal yearAzenta: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY21: Operating cash flow $150MFY21: Net borrowing −$2.0MFY21: Shares issued $5.8MFY21: Capital spending −$52.8MFY21: Acquisitions −$93.7MFY21: Dividends −$29.7M$156MFY21FY22: Operating cash flow −$466MFY22: Net borrowing −$50.1MFY22: Shares issued $5.2MFY22: Asset sales $2.9BFY22: Capital spending −$73.4MFY22: Acquisitions −$126MFY22: Dividends −$7.5M$2.9BFY22FY23: Operating cash flow $5.8MFY23: Net borrowing −$578KFY23: Shares issued $3.6MFY23: Capital spending −$39.4MFY23: Acquisitions −$387MFY23: Buybacks −$839M$9.5MFY23FY24: Operating cash flow $49.7MFY24: Net borrowing −$783KFY24: Shares issued $3.3MFY24: Capital spending −$37.4MFY24: Buybacks −$662M$53.0MFY24FY25: Operating cash flow $72.2MFY25: Net borrowing −$985KFY25: Shares issued $2.8MFY25: Capital spending −$33.9M$75.0MFY25
Over these 5 years operating cash flow totalled −$188M; the largest uses were buybacks ($1.5B) and acquisitions ($606M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$326M
Debtnone
Net cash$326M

Azenta funds itself: free cash flow was $9.9M over the last twelve months, with $326M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Azenta: sources (+) and uses (−) of cash, Q3 FY26Azenta: sources (+) and uses (−) of cash, Q3 FY26Other financing−$50.0MCash drawn (+) / kept (−)$44.6MAsset & business sales$19.0MOther investing−$7.5MCapital spending−$6.6MOperating cash flow$1.4MExchange rates−$466KNet borrowing (+) / repaid (−)−$172KAcquisitions−$133KTaxes on employees’ shares−$101KShares issued−$1K
Azenta: sources (+) and uses (−) of cash, TTM to Q3 FY26Azenta: sources (+) and uses (−) of cash, TTM to Q3 FY26Cash drawn (+) / kept (−)$89.1MBuybacks−$50.0MOperating cash flow$38.0MOther investing−$33.2MCapital spending−$28.1MAcquisitions−$11.2MExchange rates−$3.5MTaxes on employees’ shares−$2.5MShares issued$2.4MNet borrowing (+) / repaid (−)−$983K

From profit to cash

Azenta: net income to operating cash flow, Q3 FY26Azenta: net income to operating cash flow, Q3 FY26Net income$2.5MDepreciation & amortization$13.6MStock-based pay$4.8MDeferred taxes$1.7MGains on disposals−$5KReceivables−$4.5MInventory−$2.8MPayables$3.7MEmployee-related liabilities$2.4MDeferred revenue−$5.2MOther operating capital−$7.1MOperating cash flow$1.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY26788137121
Q2 FY26858839133
Q1 FY26888541132
Q4 FY25778240119
Q3 FY25869246132
Q2 FY25948440138
Q1 FY25968638143
Q4 FY249810541162

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26$1.4M−$6.6M−$133K—−$172K−$1K$44.6M−$5.2M
Q2 FY26$13.5M−$7.4M————$103M$6.1M
Q1 FY26$20.8M−$6.2M——−$214K—−$55.3M$14.7M
Q4 FY25$2.2M−$7.9M——−$400K$1.2M−$2.9M−$5.7M
Q3 FY25$25.8M−$10.8M——−$128K—−$5.0M$15.0M
Q2 FY25$14.4M−$7.4M——−$242K—$126M$7.0M
Q1 FY25$29.8M−$7.8M——−$215K—−$93.4M$22.0M
Q4 FY24$17.7M−$9.4M—−$249M−$199K$1.6M$25.9M$8.3M

Azenta: income statement and cash flow

Azenta, Q3 FY26: revenue $161M (+12% year over year), operating margin -2.6%. The chart follows the revenue to costs, profit and cash.

Azenta: 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.