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Concentrix cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$221M in Q3 FY26 · $575M over twelve months

Operating cash flow$268M
Capital spending−$47.0M
Free cash flow+$221M
Cash conversion cycle62 days

Analysis

In Q3 FY26, Concentrix generated $268M of operating cash flow and spent $47.0M on capital projects, leaving free cash flow of $221M. That is $61.5M more than in Q3 FY25 ($160M).

Over the twelve months to Aug 31, 2026, operating cash flow was $787M; the largest uses were other financing ($1.1B), capital spending ($212M), buybacks ($99.1M); besides operations, cash came from net borrowing (+) / repaid (−) ($600M), other investing ($20.2M); the cash balance fell by $83.7M.

Operating cash flow was $268M against net income of −$988M. The largest differences: impairments +$1.1B, depreciation & amortization +$157M, deferred taxes −$47.6M.

Its cash conversion cycle was 62 days (receivables 74 + inventory 0 − payables 12).

Free cash flow

Concentrix: free cash flow by quarterConcentrix: free cash flow by quarter$225MQ4 FY24−$49.2MQ1 FY25$181MQ2 FY25$160MQ3 FY25$281MQ4 FY25−$137MQ1 FY26$210MQ2 FY26$221MQ3 FY26
Operating cash flow less capital spending.
Concentrix: operating cash flow against capital spendingConcentrix: operating cash flow against capital spendingOperating cash flowCapital spending$284M$59.9MQ4 FY24$1.4M$50.6MQ1 FY25$237M$55.8MQ2 FY25$225M$65.1MQ3 FY25$344M$63.0MQ4 FY25−$83.2M$53.9MQ1 FY26$258M$48.2MQ2 FY26$268M$47.0MQ3 FY26
Latest (Q3 FY26): Operating cash flow $268M, Capital spending $47.0M.

Capital allocation, year by year

Concentrix: where the cash came from (up) and went (down), by fiscal yearConcentrix: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY21: Operating cash flow $514MFY21: Net borrowing −$200MFY21: Shares issued $13.7MFY21: Asset sales $73.7MFY21: Capital spending −$149MFY21: Acquisitions −$3.3MFY21: Buybacks −$25.1MFY21: Dividends −$13.1M$602MFY21FY22: Operating cash flow $601MFY22: Shares issued $9.6MFY22: Capital spending −$140MFY22: Acquisitions −$1.7BFY22: Buybacks −$121MFY22: Dividends −$53.4M$610MFY22FY23: Operating cash flow $678MFY23: Net borrowing $2.1BFY23: Shares issued $7.2MFY23: Capital spending −$181MFY23: Acquisitions −$1.9BFY23: Buybacks −$64.0MFY23: Dividends −$63.5M$2.8BFY23FY24: Operating cash flow $667MFY24: Shares issued $5.0MFY24: Capital spending −$239MFY24: Acquisitions −$5.5MFY24: Buybacks −$136MFY24: Dividends −$83.8M$673MFY24FY25: Operating cash flow $807MFY25: Shares issued $4.0MFY25: Capital spending −$234MFY25: Acquisitions −$15.9MFY25: Buybacks −$169MFY25: Dividends −$89.6M$811MFY25
Over these 5 years operating cash flow totalled $3.3B; the largest uses were acquisitions ($3.6B) and capital spending ($943M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$245M
Debt$3.9B
Net debt$3.7B
Due within a year$866M

Concentrix funds itself: free cash flow was $575M over the last twelve months, and $245M of cash and investments stands against $3.9B of debt ($866M due within a year, 0.3× covered by cash).

Concentrix: debt maturities by year (FY25)Concentrix: debt maturities by year (FY25)$866MYear 1$1.1BYear 2$1.7BYear 3$25.0MYear 4$406MYear 5$550MAfter year 5
Principal due in each year as disclosed in the annual report, against $245M of cash and investments now.

Where the cash came from and went

Concentrix: sources (+) and uses (−) of cash, Q3 FY26Concentrix: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$268MNet borrowing (+) / repaid (−)−$200MCapital spending−$47.0MDividends−$23.0MOther financing$13.7MCash drawn (+) / kept (−)−$13.3MShares issued$1.4MTaxes on employees’ shares−$84KExchange rates$48K
Concentrix: sources (+) and uses (−) of cash, TTM to Q3 FY26Concentrix: sources (+) and uses (−) of cash, TTM to Q3 FY26Other financing−$1.1BOperating cash flow$787MNet borrowing (+) / repaid (−)$600MCapital spending−$212MBuybacks−$99.1MDividends−$92.5MCash drawn (+) / kept (−)$83.7MTaxes on employees’ shares−$20.3MOther investing$20.2MAcquisitions−$15.2MShares issued$3.8MExchange rates−$320K

From profit to cash

Concentrix: net income to operating cash flow, Q3 FY26Concentrix: net income to operating cash flow, Q3 FY26Net income−$988MDepreciation & amortization$157MStock-based pay$20.3MDeferred taxes−$47.6MImpairments$1.1BOther non-cash$2.6MReceivables$16.1MPayables$24.1MOther operating capital$20.9MOperating cash flow$268M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY2674—1262
Q2 FY2675—1164
Q1 FY2673—1260
Q4 FY2572—1360
Q3 FY2576—1264
Q2 FY2578—1167
Q1 FY2575—1164
Q4 FY2472—1260

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26$268M−$47.0M——−$23.0M−$200M$1.4M−$13.3M$221M
Q2 FY26$258M−$48.2M——−$23.1M——−$26.0M$210M
Q1 FY26−$83.2M−$53.9M—−$43.2M−$23.1M−$204K$2.4M$106M−$137M
Q4 FY25$344M−$63.0M−$15.2M−$55.9M−$23.2M—−$13K$17.4M$281M
Q3 FY25$225M−$65.1M—−$41.6M−$21.9M—$2.4M−$3.4M$160M
Q2 FY25$237M−$55.8M—−$45.3M−$22.1M—−$1K−$59.7M$181M
Q1 FY25$1.4M−$50.6M−$663K−$25.8M−$22.4M—$1.6M−$45.8M−$49.2M
Q4 FY24$284M−$59.9M−$1.0M−$34.5M−$22.6M—−$513K$12.2M$225M

Concentrix: income statement and cash flow

Concentrix, Q3 FY26: revenue $2.5B (-1% year over year), operating margin -37.1%. The chart follows the revenue to costs, profit and cash.

Concentrix: 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.