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Greenbacker Renewable Energy Co LLC cash flow, quarter by quarter

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

Free cash flow−$29.4M in Q2 2026 · −$350M over twelve months

Operating cash flow$7.3M
Capital spending−$36.8M
Free cash flow−$29.4M

Analysis

In Q2 2026, Greenbacker Renewable Energy Co LLC generated $7.3M of operating cash flow and spent $36.8M on capital projects, leaving free cash flow of −$29.4M. That is $135M more than in Q2 2025 (−$164M).

Over the twelve months to Jun 30, 2026, operating cash flow was $46.2M; the largest uses were capital spending ($396M), other financing ($11.6M), partners ($5.9M); besides operations, cash came from asset & business sales ($194M), net borrowing (+) / repaid (−) ($130M); the cash balance fell by $37.4M.

Operating cash flow was $7.3M against net income of −$37.8M. The largest differences: depreciation & amortization +$18.9M, payables +$8.5M, receivables −$4.4M.

Free cash flow

Greenbacker Renewable Energy Co LLC: free cash flow by quarterGreenbacker Renewable Energy Co LLC: free cash flow by quarter−$108MQ3 2024−$39.9MQ4 2024−$38.2MQ1 2025−$164MQ2 2025−$159MQ3 2025−$115MQ4 2025−$45.4MQ1 2026−$29.4MQ2 2026
Operating cash flow less capital spending.
Greenbacker Renewable Energy Co LLC: operating cash flow against capital spendingGreenbacker Renewable Energy Co LLC: operating cash flow against capital spendingOperating cash flowCapital spending$1.3M$110MQ3 2024$11.1M$51.0MQ4 2024−$9.6M$28.6MQ1 2025$19.7M$184MQ2 2025$33.6M$193MQ3 2025−$12K$115MQ4 2025$5.3M$50.7MQ1 2026$7.3M$36.8MQ2 2026
Latest (Q2 2026): Operating cash flow $7.3M, Capital spending $36.8M.

Capital allocation, year by year

Greenbacker Renewable Energy Co LLC: where the cash came from (up) and went (down), by fiscal yearGreenbacker Renewable Energy Co LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2020: Operating cash flow −$111MFY2020: Net borrowing $18.2MFY2020: Shares issued $140MFY2020: Buybacks −$13.2M$158MFY2020FY2021: Operating cash flow −$732MFY2021: Net borrowing −$8.0MFY2021: Shares issued $934MFY2021: Buybacks −$20.7M$934MFY2021FY2023: Operating cash flow $62.4MFY2023: Net borrowing $73.7MFY2023: Capital spending −$361MFY2023: Buybacks −$82.7M$136MFY2023FY2024: Operating cash flow $67.5MFY2024: Net borrowing $84.4MFY2024: Asset sales $36.6MFY2024: Capital spending −$288MFY2024: Buybacks −$6.4M$188MFY2024FY2025: Operating cash flow $43.6MFY2025: Net borrowing $188MFY2025: Asset sales $237MFY2025: Capital spending −$521MFY2025: Buybacks −$2.7M$469MFY2025
Over these 5 years operating cash flow totalled −$669M; the largest uses were capital spending ($1.2B) and operating cash flow ($842M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$50.4M
Debt$1.4B
Net debt$1.3B
Due within a year$25.1M

Greenbacker Renewable Energy Co LLC's operations bring cash in ($46.2M over twelve months), and it spends more than that on capital projects: a gap of $350M funded from its $50.4M of cash and investments and from borrowing ($1.4B of debt, $25.1M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

Greenbacker Renewable Energy Co LLC: sources (+) and uses (−) of cash, Q2 2026Greenbacker Renewable Energy Co LLC: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$49.0MCapital spending−$36.8MCash drawn (+) / kept (−)−$15.6MOperating cash flow$7.3MPartners−$3.4MOther financing−$2.5MAsset & business sales$1.5MOther investing$945KBuybacks−$482K
Greenbacker Renewable Energy Co LLC: sources (+) and uses (−) of cash, TTM to Q2 2026Greenbacker Renewable Energy Co LLC: sources (+) and uses (−) of cash, TTM to Q2 2026Capital spending−$396MAsset & business sales$194MNet borrowing (+) / repaid (−)$130MOperating cash flow$46.2MCash drawn (+) / kept (−)$37.4MOther financing−$11.6MOther investing$6.7MPartners−$5.9MBuybacks−$1.8M

From profit to cash

Greenbacker Renewable Energy Co LLC: net income to operating cash flow, Q2 2026Greenbacker Renewable Energy Co LLC: net income to operating cash flow, Q2 2026Net income−$37.8MDepreciation & amortization$18.9MStock-based pay$2.4MDeferred taxes−$998KReceivables−$4.4MPayables$8.5MPrepaid and other assets−$3.6MOther liabilities$902KOperating cash flow$7.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$7.3M−$36.8M−$482K$49.0M−$15.6M−$29.4M
Q1 2026$5.3M−$50.7M−$585K$22.8M$26.6M−$45.4M
Q4 2025−$12K−$115M−$431K−$92.4M$7.3M−$115M
Q3 2025$33.6M−$193M−$277K$151M$19.1M−$159M
Q2 2025$19.7M−$184M−$1.6M$110M$23.5M−$164M
Q1 2025−$9.6M−$28.6M−$341K$18.7M$24.3M−$38.2M
Q4 2024$11.1M−$51.0M−$4.7M$12.1M$11.0M−$39.9M
Q3 2024$1.3M−$110M−$416K$76.6M−$41.3M−$108M

Greenbacker Renewable Energy Co LLC: income statement and cash flow

Greenbacker Renewable Energy Co LLC, Q2 2026: revenue $41.9M (-17% year over year), operating margin -80.7%. The chart follows the revenue to costs, profit and cash.

Greenbacker Renewable Energy Co LLC: 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.