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StartEngine cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.7M in Q3 2026 · −$7.9M over twelve months

Operating cash flow$2.7M
Capital spending−$6K
Free cash flow+$2.7M
Cash conversion cycle5 days

Analysis

In Q3 2026, StartEngine generated $2.7M of operating cash flow and spent $6K on capital projects, leaving free cash flow of $2.7M. That is $368K less than in Q3 2025 ($3.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$7.8M; the largest uses were other financing ($8.4M), operating cash flow ($7.8M), capital spending ($31K); besides operations, cash came from shares issued ($8.4M), other investing ($3.3M); the cash balance fell by $4.5M.

Operating cash flow was $2.7M against net income of −$3.1M. The largest differences: stock-based pay +$2.4M, receivables +$2.2M, accrued liabilities +$301K.

Its cash conversion cycle was 5 days (receivables 10 + inventory 0 − payables 4).

Free cash flow

StartEngine: free cash flow by quarterStartEngine: free cash flow by quarter$617KQ4 2024$5.9MQ1 2025$5.2MQ2 2025$3.0MQ3 2025−$1.8MQ4 2025−$2.4MQ1 2026−$6.4MQ2 2026$2.7MQ3 2026
Operating cash flow less capital spending.
StartEngine: operating cash flow against capital spendingStartEngine: operating cash flow against capital spendingOperating cash flowCapital spending$624K$7KQ4 2024$5.9M$4KQ1 2025$5.2M$3KQ2 2025$3.0M$0Q3 2025−$1.8M$4KQ4 2025−$2.4M$12KQ1 2026−$6.4M$9KQ2 2026$2.7M$6KQ3 2026
Latest (Q3 2026): Operating cash flow $2.7M, Capital spending $6K.

Capital allocation, year by year

StartEngine: where the cash came from (up) and went (down), by fiscal yearStartEngine: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingFY2021: Operating cash flow −$943KFY2021: Shares issued $15.3MFY2021: Capital spending −$56K$15.3MFY2021FY2022: Operating cash flow −$7.1MFY2022: Shares issued $7.5MFY2022: Capital spending −$65K$7.5MFY2022FY2023: Operating cash flow −$8.7MFY2023: Shares issued $10.2MFY2023: Capital spending −$24K$10.2MFY2023FY2024: Operating cash flow −$4.3MFY2024: Shares issued $2.6MFY2024: Capital spending −$22K$2.6MFY2024FY2025: Operating cash flow $12.3MFY2025: Shares issued $14.1MFY2025: Capital spending −$12K$26.4MFY2025
Over these 5 years operating cash flow totalled −$8.7M; the largest uses were operating cash flow ($21.0M) and capital spending ($178K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$22.8M
Debtnone
Net cash$22.8M
Cash runway2.9 years

StartEngine is burning cash: its operations consume cash, a free cash flow of −$7.9M a year at the current rate against $22.8M of cash and investments: a runway of about 2.9 years before any new financing.

Where the cash came from and went

StartEngine: sources (+) and uses (−) of cash, Q3 2026StartEngine: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$2.7MCash drawn (+) / kept (−)−$2.6MOther investing−$84KShares issued$13KCapital spending−$6K
StartEngine: sources (+) and uses (−) of cash, TTM to Q3 2026StartEngine: sources (+) and uses (−) of cash, TTM to Q3 2026Shares issued$8.4MOther financing−$8.4MOperating cash flow−$7.8MCash drawn (+) / kept (−)$4.5MOther investing$3.3MCapital spending−$31K

From profit to cash

StartEngine: net income to operating cash flow, Q3 2026StartEngine: net income to operating cash flow, Q3 2026Net income−$3.1MDepreciation & amortization$2KStock-based pay$2.4MReceivables$2.2MPayables−$40KAccrued liabilities$301KDeferred revenue−$144KPrepaid and other assets−$35KOperating cash flow$2.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202610—45
Q2 20267—43
Q1 20265—6-1
Q4 20255—6-1
Q3 20253—21
Q2 20253—21
Q1 20257—34
Q4 202410—46

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$2.7M−$6K$13K−$2.6M$2.7M
Q2 2026−$6.4M−$9K$97K$6.4M−$6.4M
Q1 2026−$2.4M−$12K$5.1M−$2.2M−$2.4M
Q4 2025−$1.8M−$4K$3.2M$2.9M−$1.8M
Q3 2025$3.0M—$2.4M−$5.0M$3.0M
Q2 2025$5.2M−$3K$6.3M−$7.4M$5.2M
Q1 2025$5.9M−$4K$2.1M−$8.0M$5.9M
Q4 2024$624K−$7K$2.4M−$2.6M$617K

StartEngine: income statement and cash flow

StartEngine, Q3 2026: revenue $38.6M (+71% year over year), operating margin -8.5%. The chart follows the revenue to costs, profit and cash.

StartEngine: 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.