Filing Flows

Filing Flows › Companies › Boot Barn Holdings › Cash flow

Boot Barn Holdings cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$6.7M in Q2 FY27 · $127M over twelve months

Operating cash flow$39.9M
Capital spending−$46.6M
Free cash flow−$6.7M
Cash / net income0.8×
Cash conversion cycle191 days

Analysis

In Q2 FY27, Boot Barn Holdings generated $39.9M of operating cash flow and spent $46.6M on capital projects, leaving free cash flow of −$6.7M.

Over the twelve months to Sep 26, 2026, operating cash flow was $329M; the largest uses were capital spending ($202M), buybacks ($84.6M), taxes on employees’ shares ($9.5M); besides operations, cash came from other financing ($762K), shares issued ($530K); the cash balance rose by $32.7M.

Operating cash flow was $39.9M against net income of $52.5M — 0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$75.2M, depreciation & amortization +$24.1M, receivables +$17.7M.

Its cash conversion cycle was 191 days (receivables 3 + inventory 234 − payables 46).

Free cash flow

Boot Barn Holdings: free cash flow by quarterBoot Barn Holdings: free cash flow by quarter$114MQ3 FY25−$83.1MQ4 FY25$42.4MQ1 FY26−$17.5MQ2 FY26$148MQ3 FY26−$46.5MQ4 FY26$32.8MQ1 FY27−$6.7MQ2 FY27
Operating cash flow less capital spending.
Boot Barn Holdings: operating cash flow against capital spendingBoot Barn Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$157M$43.0MQ3 FY25−$43.1M$39.9MQ4 FY25$73.8M$31.5MQ1 FY26$25.7M$43.2MQ2 FY26$210M$61.7MQ3 FY26−$4.4M$42.1MQ4 FY26$83.8M$51.1MQ1 FY27$39.9M$46.6MQ2 FY27
Latest (Q2 FY27): Operating cash flow $39.9M, Capital spending $46.6M.

Capital allocation, year by year

Boot Barn Holdings: where the cash came from (up) and went (down), by fiscal yearBoot Barn Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY22: Operating cash flow $88.9MFY22: Net borrowing −$83.8MFY22: Shares issued $5.8MFY22: Capital spending −$60.4M$94.6MFY22FY23: Operating cash flow $88.9MFY23: Net borrowing $37.5MFY23: Shares issued $1.2MFY23: Capital spending −$125M$128MFY23FY24: Operating cash flow $236MFY24: Net borrowing −$67.8MFY24: Shares issued $9.7MFY24: Capital spending −$119M$246MFY24FY25: Operating cash flow $148MFY25: Net borrowing −$1.8MFY25: Shares issued $3.1MFY25: Asset sales $55KFY25: Capital spending −$148M$151MFY25FY26: Operating cash flow $305MFY26: Net borrowing −$1.9MFY26: Shares issued $425KFY26: Asset sales $60KFY26: Capital spending −$179MFY26: Buybacks −$50.0M$305MFY26
Over these 5 years operating cash flow totalled $866M; the largest uses were capital spending ($631M) and net borrowing ($155M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$97.4M
Debtnone
Net cash$97.4M

Boot Barn Holdings funds itself: free cash flow was $127M over the last twelve months, with $97.4M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Boot Barn Holdings: sources (+) and uses (−) of cash, Q2 FY27Boot Barn Holdings: sources (+) and uses (−) of cash, Q2 FY27Capital spending−$46.6MCash drawn (+) / kept (−)$41.8MOperating cash flow$39.9MBuybacks−$34.6MNet borrowing (+) / repaid (−)−$551KOther financing$18KOther investing$8K
Boot Barn Holdings: sources (+) and uses (−) of cash, TTM to Q2 FY27Boot Barn Holdings: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$329MCapital spending−$202MBuybacks−$84.6MCash drawn (+) / kept (−)−$32.7MTaxes on employees’ shares−$9.5MNet borrowing (+) / repaid (−)−$2.0MOther financing$762KShares issued$530KAsset & business sales$53K

From profit to cash

Boot Barn Holdings: net income to operating cash flow, Q2 FY27Boot Barn Holdings: net income to operating cash flow, Q2 FY27Net income$52.5MDepreciation & amortization$24.1MStock-based pay$5.0MDeferred taxes−$809KGains on disposals$502KReceivables$17.7MInventory−$75.2MPayables$11.7MPrepaid and other assets−$15KOther liabilities−$1KOperating cash flow$39.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY27323446191
Q1 FY27322441187
Q4 FY26221938183
Q3 FY26217835145
Q2 FY26223145188
Q1 FY26222641186
Q4 FY25222942189
Q3 FY25117335139

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$39.9M−$46.6M−$34.6M−$551K—$41.8M−$6.7M
Q1 FY27$83.8M−$51.1M−$25.0M−$499K$192K$1.8M$32.8M
Q4 FY26−$4.4M−$42.1M−$12.5M−$477K$196K$59.0M−$46.5M
Q3 FY26$210M−$61.7M−$12.5M−$504K$142K−$135M$148M
Q2 FY26$25.7M−$43.2M−$12.5M−$474K—$30.6M−$17.5M
Q1 FY26$73.8M−$31.5M−$12.5M−$460K$87K−$25.5M$42.4M
Q4 FY25−$43.1M−$39.9M—−$456K$162K$83.1M−$83.1M
Q3 FY25$157M−$43.0M—−$449K$1.5M−$116M$114M

Boot Barn Holdings: income statement and cash flow

Boot Barn Holdings, Q2 FY27: revenue $582M (+15% year over year), operating margin 12.1%. The chart follows the revenue to costs, profit and cash.

Boot Barn Holdings: 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.