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CIRCLE8 Group cash flow, quarter by quarter

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

Free cash flow−$3.9M in Q2 2026 · −$23.3M over twelve months

Operating cash flow−$3.8M
Capital spending−$40K
Free cash flow−$3.9M
Cash conversion cycle3 days

Analysis

In Q2 2026, CIRCLE8 Group generated −$3.8M of operating cash flow and spent $40K on capital projects, leaving free cash flow of −$3.9M. That is $5.7M more than in Q2 2025 (−$9.5M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$23.2M; the largest uses were operating cash flow ($23.2M), net borrowing (+) / repaid (−) ($3.6M), capital spending ($117K); besides operations, cash came from other financing ($46.1M); the cash balance rose by $19.0M.

Operating cash flow was −$3.8M against net income of −$86.4M. The largest differences: payables +$11.7M, prepaid and other assets −$8.9M, depreciation & amortization +$4.4M.

Its cash conversion cycle was 3 days (receivables 52 + inventory 0 − payables 49).

Free cash flow

CIRCLE8 Group: free cash flow by quarterCIRCLE8 Group: free cash flow by quarter−$1.4MQ3 2024−$449KQ4 2024$14.6MQ1 2025−$9.5MQ2 2025−$1.3MQ3 2025−$8.2MQ4 2025−$9.9MQ1 2026−$3.9MQ2 2026
Operating cash flow less capital spending.
CIRCLE8 Group: operating cash flow against capital spendingCIRCLE8 Group: operating cash flow against capital spendingOperating cash flowCapital spending−$1.3M$15KQ3 2024−$426K$23KQ4 2024$14.6M$12KQ1 2025−$9.5M$18KQ2 2025−$1.3M$14KQ3 2025−$8.2M$22KQ4 2025−$9.9M$41KQ1 2026−$3.8M$40KQ2 2026
Latest (Q2 2026): Operating cash flow −$3.8M, Capital spending $40K.

Capital allocation, year by year

CIRCLE8 Group: where the cash came from (up) and went (down), by fiscal yearCIRCLE8 Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow −$2.0MFY2021: Net borrowing −$270KFY2021: Shares issued $13.0MFY2021: Capital spending −$14K$13.0MFY2021FY2022: Operating cash flow −$3.7MFY2022: Net borrowing $7.5MFY2022: Capital spending −$40K$7.5MFY2022FY2023: Operating cash flow −$9.1MFY2023: Net borrowing $8.8MFY2023: Shares issued $1.8MFY2023: Capital spending −$74K$10.6MFY2023FY2024: Operating cash flow −$6.0MFY2024: Net borrowing −$962KFY2024: Capital spending −$73KFY2024FY2025: Operating cash flow −$4.4MFY2025: Net borrowing $890KFY2025: Capital spending −$67K$890KFY2025
Over these 5 years operating cash flow totalled −$25.1M; the largest uses were operating cash flow ($25.1M) and net borrowing ($1.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$19.3M
Debt$568M
Net debt$549M
Due within a year$6.6M
Cash runway10 months

CIRCLE8 Group is burning cash: its operations consume cash, a free cash flow of −$23.3M a year at the current rate against $19.3M of cash and investments: a runway of about 10 months; $6.6M of debt also comes due within a year, which would need refinancing or new money before any new financing.

CIRCLE8 Group: debt maturities by year (FY2025)CIRCLE8 Group: debt maturities by year (FY2025)$6.6MYear 1$28.9MYear 2$49.5MYear 3
Principal due in each year as disclosed in the annual report, against $19.3M of cash and investments now.

Where the cash came from and went

CIRCLE8 Group: sources (+) and uses (−) of cash, Q2 2026CIRCLE8 Group: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$4.8MNet borrowing (+) / repaid (−)−$4.3MOperating cash flow−$3.8MOther financing$2.4MExchange rates$977KCapital spending−$40K
CIRCLE8 Group: sources (+) and uses (−) of cash, TTM to Q2 2026CIRCLE8 Group: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$46.1MOperating cash flow−$23.2MCash drawn (+) / kept (−)−$19.0MNet borrowing (+) / repaid (−)−$3.6MNot reconciled−$173KCapital spending−$117K

From profit to cash

CIRCLE8 Group: net income to operating cash flow, Q2 2026CIRCLE8 Group: net income to operating cash flow, Q2 2026Net income−$86.4MDepreciation & amortization$4.4MStock-based pay$773KReceivables$2.2MPayables$11.7MAccrued liabilities−$1.7MContract assets$1.2MPrepaid and other assets−$8.9MIncome taxes payable−$2.9MOperating cash flow−$3.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202652—493
Q1 202645—3114
Q4 202543—439
Q3 202539—435
Q2 202541—339
Q1 202548—246

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$3.8M−$40K−$4.3M$4.8M−$3.9M
Q1 2026−$9.9M−$41K−$5.7M−$24.0M−$9.9M
Q4 2025−$8.2M−$22K$11.1M$2K−$8.2M
Q3 2025−$1.3M−$14K$978K$291K−$1.3M
Q2 2025−$9.5M−$18K$8.6M$1.1M−$9.5M
Q1 2025$14.6M−$12K−$13.8M−$787K$14.6M
Q4 2024−$426K−$23K−$270K$719K−$449K
Q3 2024−$1.3M−$15K$2.6M−$958K−$1.4M

CIRCLE8 Group: income statement and cash flow

CIRCLE8 Group, Q2 2026: revenue $320M (+211% year over year), operating margin -4.8%. The chart follows the revenue to costs, profit and cash.

CIRCLE8 Group: 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.