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Traeger cash flow, quarter by quarter

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

Free cash flow$8.4M in Q3 2026 · $63.6M over twelve months

Operating cash flow$9.8M
Capital spending−$1.4M
Free cash flow+$8.4M
Cash conversion cycle199 days

Analysis

In Q3 2026, Traeger generated $9.8M of operating cash flow and spent $1.4M on capital projects, leaving free cash flow of $8.4M. That is $2.1M more than in Q3 2025 ($6.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $70.3M; the largest uses were capital spending ($6.7M), taxes on employees’ shares ($601K), net borrowing (+) / repaid (−) ($421K); the cash balance rose by $61.9M.

Operating cash flow was $9.8M against net income of −$28.5M. The largest differences: receivables +$29.1M, depreciation & amortization +$8.8M, inventory −$3.2M.

Its cash conversion cycle was 199 days (receivables 74 + inventory 144 − payables 19).

Free cash flow

Traeger: free cash flow by quarterTraeger: free cash flow by quarter$5.5MQ4 2024−$22.7MQ1 2025$15.7MQ2 2025$6.4MQ3 2025$14.2MQ4 2025$14.5MQ1 2026$26.5MQ2 2026$8.4MQ3 2026
Operating cash flow less capital spending.
Traeger: operating cash flow against capital spendingTraeger: operating cash flow against capital spendingOperating cash flowCapital spending$7.5M$2.0MQ4 2024−$20.8M$1.8MQ1 2025$18.3M$2.6MQ2 2025$7.6M$1.2MQ3 2025$15.5M$1.3MQ4 2025$17.9M$3.4MQ1 2026$27.1M$630KQ2 2026$9.8M$1.4MQ3 2026
Latest (Q3 2026): Operating cash flow $9.8M, Capital spending $1.4M.

Capital allocation, year by year

Traeger: where the cash came from (up) and went (down), by fiscal yearTraeger: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY2021: Operating cash flow −$28.4MFY2021: Net borrowing −$20.2MFY2021: Shares issued $142MFY2021: Capital spending −$22.5MFY2021: Acquisitions −$56.9M$142MFY2021FY2022: Operating cash flow $5.1MFY2022: Net borrowing $57.9MFY2022: Capital spending −$18.4M$63.0MFY2022FY2023: Operating cash flow $64.0MFY2023: Net borrowing −$56.1MFY2023: Capital spending −$19.9M$64.0MFY2023FY2024: Operating cash flow $23.9MFY2024: Net borrowing −$24.2MFY2024: Capital spending −$12.0M$23.9MFY2024FY2025: Operating cash flow $20.5MFY2025: Net borrowing −$5.8MFY2025: Capital spending −$6.9M$20.5MFY2025
Over these 5 years operating cash flow totalled $85.1M; the largest uses were net borrowing ($106M) and capital spending ($79.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$67.8M
Debt$403M
Net debt$336M
Due within a year$250K

Traeger funds itself: free cash flow was $63.6M over the last twelve months, and $67.8M of cash and investments stands against $403M of debt ($250K due within a year, 271.3× covered by cash).

Traeger: debt maturities by year (FY2025)Traeger: debt maturities by year (FY2025)$250KYear 1$250KYear 2$403MYear 3
Principal due in each year as disclosed in the annual report, against $67.8M of cash and investments now.

Where the cash came from and went

Traeger: sources (+) and uses (−) of cash, Q3 2026Traeger: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$9.8MCash drawn (+) / kept (−)−$8.1MCapital spending−$1.4MNet borrowing (+) / repaid (−)−$155KOther investing−$105KTaxes on employees’ shares−$83KAsset & business sales$23K
Traeger: sources (+) and uses (−) of cash, TTM to Q3 2026Traeger: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$70.3MCash drawn (+) / kept (−)−$61.9MCapital spending−$6.7MTaxes on employees’ shares−$601KNet borrowing (+) / repaid (−)−$421KOther financing−$334KOther investing−$314K

From profit to cash

Traeger: net income to operating cash flow, Q3 2026Traeger: net income to operating cash flow, Q3 2026Net income−$28.5MDepreciation & amortization$8.8MStock-based pay$3.1MGains on disposals$50KReceivables$29.1MInventory−$3.2MPayables−$2.8MPrepaid and other assets−$1.1MOperating cash flow$9.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20267414419199
Q2 20265310312143
Q1 20267016420214
Q4 20255210814145
Q3 20255813817179
Q2 20255412517162
Q1 20255712625157
Q4 2024439827114

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$9.8M−$1.4M−$155K−$8.1M$8.4M
Q2 2026$27.1M−$630K−$160K−$26.0M$26.5M
Q1 2026$17.9M−$3.4M−$169K−$14.1M$14.5M
Q4 2025$15.5M−$1.3M−$125K−$13.8M$14.2M
Q3 2025$7.6M−$1.2M−$9.2M$4.4M$6.4M
Q2 2025$18.3M−$2.6M−$16.2M$1.7M$15.7M
Q1 2025−$20.8M−$1.8M$19.8M$2.9M−$22.7M
Q4 2024$7.5M−$2.0M−$7.1M$1.9M$5.5M

Traeger: income statement and cash flow

Traeger, Q3 2026: revenue $74.7M (-40% year over year), operating margin -26.5%. The chart follows the revenue to costs, profit and cash.

Traeger: 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.