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Birchtech cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.9M in Q2 2026 · −$3.8M over twelve months

Operating cash flow−$2.8M
Capital spending−$122K
Free cash flow−$2.9M
Cash conversion cycle17 days

Analysis

In Q2 2026, Birchtech generated −$2.8M of operating cash flow and spent $122K on capital projects, leaving free cash flow of −$2.9M. That is $1.2M less than in Q2 2025 (−$1.7M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$3.7M; the largest uses were operating cash flow ($3.7M), capital spending ($135K); besides operations, cash came from other financing ($14.2M); the cash balance rose by $10.4M.

Operating cash flow was −$2.8M against net income of −$3.0M. The largest differences: payables +$805K, prepaid and other assets −$661K, receivables −$391K.

Its cash conversion cycle was 17 days (receivables 59 + inventory 17 − payables 59).

Free cash flow

Birchtech: free cash flow by quarterBirchtech: free cash flow by quarter−$788KQ3 2024−$938KQ4 2024−$268KQ1 2025−$1.7MQ2 2025$314KQ3 2025$958KQ4 2025−$2.2MQ1 2026−$2.9MQ2 2026
Operating cash flow less capital spending.
Birchtech: operating cash flow against capital spendingBirchtech: operating cash flow against capital spendingOperating cash flowCapital spending−$152K$636KQ3 2024−$830K$107KQ4 2024−$254K$14KQ1 2025−$1.7M$2KQ2 2025$321K$7KQ3 2025$964K$6KQ4 2025−$2.2M$0Q1 2026−$2.8M$122KQ2 2026
Latest (Q2 2026): Operating cash flow −$2.8M, Capital spending $122K.

Capital allocation, year by year

Birchtech: where the cash came from (up) and went (down), by fiscal yearBirchtech: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$206KFY2021: Net borrowing −$60KFY2021: Shares issued $12.1MFY2021: Capital spending −$11K$12.1MFY2021FY2022: Operating cash flow $71KFY2022: Net borrowing −$260KFY2022: Shares issued $4.6MFY2022: Capital spending −$11K$4.6MFY2022FY2023: Operating cash flow $19.2MFY2023: Net borrowing −$45KFY2023: Shares issued $4.7M$23.9MFY2023FY2024: Operating cash flow −$4.1MFY2024: Net borrowing −$12.4MFY2024: Shares issued $18KFY2024: Capital spending −$809K$18KFY2024FY2025: Operating cash flow −$700KFY2025: Net borrowing −$83KFY2025: Capital spending −$29KFY2025
Over these 5 years operating cash flow totalled $14.3M; the largest uses were net borrowing ($12.8M) and operating cash flow ($5.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$11.8M
Debtnone
Net cash$11.8M
Cash runway3.1 years

Birchtech is burning cash: its operations consume cash, a free cash flow of −$3.8M a year at the current rate against $11.8M of cash and investments: a runway of about 3.1 years before any new financing.

Where the cash came from and went

Birchtech: sources (+) and uses (−) of cash, Q2 2026Birchtech: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$2.9MOperating cash flow−$2.8MCapital spending−$122K
Birchtech: sources (+) and uses (−) of cash, TTM to Q2 2026Birchtech: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$14.2MCash drawn (+) / kept (−)−$10.4MOperating cash flow−$3.7MCapital spending−$135K

From profit to cash

Birchtech: net income to operating cash flow, Q2 2026Birchtech: net income to operating cash flow, Q2 2026Net income−$3.0MDepreciation & amortization$96KReceivables−$391KInventory$138KPayables$805KPrepaid and other assets−$661KOperating cash flow−$2.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202659175917
Q1 2026461670-7
Q3 2025361878-23
Q2 2025482889-12
Q1 2025432784-13
Q3 2024332368-12

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$2.8M−$122K——$2.9M−$2.9M
Q1 2026−$2.2M——$16.4M−$12.5M−$2.2M
Q4 2025$964K−$6K−$21K—−$477K$958K
Q3 2025$321K−$7K−$21K—−$314K$314K
Q2 2025−$1.7M−$2K−$10K—$1.7M−$1.7M
Q1 2025−$254K−$14K−$32K—$268K−$268K
Q4 2024−$830K−$107K−$16K—$938K−$938K
Q3 2024−$152K−$636K−$3.3M$18K$4.0M−$788K

Birchtech: income statement and cash flow

Birchtech, Q2 2026: revenue $3.8M (+16% year over year), operating margin -42.8%. The chart follows the revenue to costs, profit and cash.

Birchtech: 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.