Babcock & Wilcox Enterprises cash flow, quarter by quarter

In Q2 2026, Babcock & Wilcox Enterprises generated −$17.4M of operating cash flow and spent $6.6M on capital projects, leaving free cash flow of −$24.0M. That is $4.0M more than in Q2 2025 (−$28.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$34.7M; the largest uses were net borrowing (+) / repaid (−) ($136M), other financing ($113M), operating cash flow ($34.7M); besides operations, cash came from shares issued ($384M), asset & business sales ($200M); the cash balance rose by $272M.

Operating cash flow was −$17.4M against net income of $14.3M — -1.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables +$60.7M, receivables −$44.4M, deferred revenue −$25.0M.

Its cash conversion cycle was 16 days (receivables 42 + inventory 20 − payables 46).

Babcock & Wilcox Enterprises is burning cash: its operations consume cash, a free cash flow of −$58.2M a year at the current rate against $314M of cash and investments: a runway of about 5.4 years before any new financing.