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Clipper Realty cash flow, quarter by quarter

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

Free cash flow−$431K in Q3 2026 · $23.7M over twelve months

Operating cash flow−$431K
Free cash flow−$431K

Analysis

In Q3 2026, Clipper Realty generated −$431K of operating cash flow. That is $1.9M less than in Q3 2025 ($1.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $23.7M; the largest uses were dividends ($18.7M), real estate bought ($9.2M), other financing ($4.5M); besides operations, cash came from net borrowing (+) / repaid (−) ($5.8M); the cash balance fell by $2.9M.

Operating cash flow was −$431K against net income of −$5.9M. The largest differences: depreciation & amortization +$8.1M, prepaid and other assets −$7.9M, payables +$4.2M.

Free cash flow

Clipper Realty: free cash flow by quarterClipper Realty: free cash flow by quarter$10.5MQ4 2024−$4.6MQ1 2025$8.4MQ2 2025$1.4MQ3 2025$6.1MQ4 2025$3.6MQ1 2026$14.4MQ2 2026−$431KQ3 2026
Operating cash flow less capital spending.
Clipper Realty: operating cash flow against capital spendingClipper Realty: operating cash flow against capital spendingOperating cash flowCapital spending$10.5M$0Q4 2024$6.7M$11.3MQ1 2025$8.4M$0Q2 2025$1.4M$0Q3 2025$6.1M$0Q4 2025$3.6M$0Q1 2026$14.4M$0Q2 2026−$431K$0Q3 2026
Latest (Q3 2026): Operating cash flow −$431K, Capital spending $0.

Capital allocation, year by year

Clipper Realty: where the cash came from (up) and went (down), by fiscal yearClipper Realty: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $10.8MFY2021: Net borrowing $54.3MFY2021: Capital spending −$80.8MFY2021: Acquisitions −$40.5MFY2021: Dividends −$16.8M$65.2MFY2021FY2022: Operating cash flow $20.1MFY2022: Net borrowing $27.2MFY2022: Capital spending −$52.1MFY2022: Acquisitions −$8.0MFY2022: Dividends −$17.1M$47.3MFY2022FY2023: Operating cash flow $26.2MFY2023: Net borrowing $47.8MFY2023: Capital spending −$46.3MFY2023: Dividends −$17.4M$74.0MFY2023FY2024: Operating cash flow $31.9MFY2024: Net borrowing $56.3MFY2024: Capital spending −$69.7MFY2024: Dividends −$17.6M$88.2MFY2024FY2025: Operating cash flow $22.6MFY2025: Net borrowing $10.9MFY2025: Asset sales $43.5MFY2025: Dividends −$18.5M$76.9MFY2025
Over these 5 years operating cash flow totalled $112M; the largest uses were capital spending ($249M) and dividends ($87.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$30.6M
Debtnone
Net cash$30.6M
Due within a year$1.7M

Clipper Realty funds itself: free cash flow was $23.7M over the last twelve months, with $30.6M of cash and investments and no debt on the balance sheet ($1.7M due within a year, 17.7× covered by cash).

Clipper Realty: debt maturities by year (FY2025)Clipper Realty: debt maturities by year (FY2025)$1.7MYear 1$151MYear 2$417MYear 3$210MYear 4$87.3MYear 5
Principal due in each year as disclosed in the annual report, against $30.6M of cash and investments now.

Where the cash came from and went

Clipper Realty: sources (+) and uses (−) of cash, Q3 2026Clipper Realty: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$8.9MDividends−$4.7MReal estate bought−$3.5MOperating cash flow−$431KNet borrowing (+) / repaid (−)−$282KOther financing−$1K
Clipper Realty: sources (+) and uses (−) of cash, TTM to Q3 2026Clipper Realty: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$23.7MDividends−$18.7MReal estate bought−$9.2MNet borrowing (+) / repaid (−)$5.8MOther financing−$4.5MCash drawn (+) / kept (−)$2.9M

From profit to cash

Clipper Realty: net income to operating cash flow, Q3 2026Clipper Realty: net income to operating cash flow, Q3 2026Net income−$5.9MDepreciation & amortization$8.1MStock-based pay$1.1MReceivables−$2.0MPayables$4.2MPrepaid and other assets−$7.9MOther liabilities$1.5MOperating cash flow−$431K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$431K—−$4.7M−$282K$8.9M−$431K
Q2 2026$14.4M—−$4.7M$1.4M−$7.9M$14.4M
Q1 2026$3.6M—−$4.7M−$434K$3.5M$3.6M
Q4 2025$6.1M—−$4.6M—−$1.5M$6.1M
Q3 2025$1.4M—−$4.6M$3.8M$4.2M$1.4M
Q2 2025$8.4M—−$9.2M−$3.8M−$20.2M$8.4M
Q1 2025$6.7M−$11.3M—$5.8M−$2.5M−$4.6M
Q4 2024$10.5M—−$4.4M$7.5M−$2.0M$10.5M

Clipper Realty: income statement and cash flow

Clipper Realty, Q3 2026: revenue $40.5M (+7% year over year), operating margin 24.4%. The chart follows the revenue to costs, profit and cash.

Clipper Realty: 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.