Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow−$1.1M in Q2 2026 · −$8.9M over twelve months
Operating cash flow−$1.1M
Free cash flow−$1.1M
Cash / net income-1.6×
Cash conversion cycle-667 days
Analysis
In Q2 2026, Celularity generated −$1.1M of operating cash flow. That is $109K less than in Q2 2025 (−$999K).
Over the twelve months to Jun 30, 2026, operating cash flow was −$8.9M; the largest uses were operating cash flow ($8.9M); besides operations, cash came from other financing ($8.4M); the cash balance fell by $542K.
Operating cash flow was −$1.1M against net income of $706K — -1.6× profit, less cash than reported earnings, worth checking against working capital. The largest differences: deferred revenue +$6.0M, payables −$4.3M, depreciation & amortization +$1.5M.
Its cash conversion cycle was -667 days (receivables 79 + inventory 23 − payables 769): suppliers fund its working capital.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow −$1.1M, Capital spending $0.
Capital allocation, year by year
Over these 5 years operating cash flow totalled −$306M; the largest uses were operating cash flow ($306M) and net borrowing ($15.0M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$586K
Debt$40.1M
Net debt$39.5M
Due within a year$6.3M
Cash runway1 month
Celularity is burning cash: its operations consume cash, a free cash flow of −$8.9M a year at the current rate against $586K of cash and investments: a runway of about 1 month; $6.3M of debt also comes due within a year, which would need refinancing or new money before any new financing.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q2 2026
79
23
769
-667
Q1 2026
110
32
1597
-1454
Every quarter
Quarter
Operating cash flow
Capital spending
Net borrowing (+) / repaid (−)
Shares issued
Cash drawn (+) / kept (−)
Free cash flow
Q2 2026
−$1.1M
—
—
—
$83K
−$1.1M
Q1 2026
$1.4M
—
−$7.0M
—
$5.9M
$1.4M
Q4 2025
−$5.1M
—
−$526K
—
−$6.1M
−$5.1M
Q3 2025
−$4.2M
—
$547K
−$1.4M
$681K
−$4.2M
Q2 2025
−$999K
—
—
—
−$632K
−$999K
Q1 2025
−$3.0M
—
—
$2.5M
$673K
−$3.0M
Q4 2024
$1.6M
−$91K
−$40K
—
−$646K
$1.5M
Q3 2024
−$144K
—
—
—
$223K
−$144K
Celularity: income statement and cash flow
Celularity, Q2 2026: revenue $5.4M (-5% year over year), operating margin -78.0%. The chart follows the revenue to costs, profit and cash.
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.