Filing Flows

Filing Flows › Companies › CRA International › Cash flow

CRA International cash flow, quarter by quarter

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

Free cash flow$73.2M in Q3 2026 · $9.6M over twelve months

Operating cash flow$74.4M
Capital spending−$1.2M
Free cash flow+$73.2M
Cash / net income5.4×
Cash conversion cycle56 days

Analysis

In Q3 2026, CRA International generated $74.4M of operating cash flow and spent $1.2M on capital projects, leaving free cash flow of $73.2M.

Over the twelve months to Oct 3, 2026, operating cash flow was $16.1M; the largest uses were buybacks ($49.3M), dividends ($14.8M), capital spending ($6.5M); besides operations, cash came from net borrowing (+) / repaid (−) ($55.0M); the cash balance fell by $2.1M.

Operating cash flow was $74.4M against net income of $13.9M — 5.4× profit, cash ran ahead of reported earnings. The largest differences: contract assets −$11.0M, receivables −$7.9M, prepaid and other assets −$3.3M.

Its cash conversion cycle was 56 days (receivables 73 + inventory 0 − payables 16).

Free cash flow

CRA International: free cash flow by quarterCRA International: free cash flow by quarter$68.8MQ4 2024−$81.0MQ1 2025$4.7MQ2 2025$35.9MQ3 2025$59.0MQ4 2025−$117MQ1 2026−$6.1MQ2 2026$73.2MQ3 2026
Operating cash flow less capital spending.
CRA International: operating cash flow against capital spendingCRA International: operating cash flow against capital spendingOperating cash flowCapital spending$79.4M$10.6MQ4 2024−$80.0M$974KQ1 2025$5.9M$1.2MQ2 2025$36.5M$650KQ3 2025$60.0M$1.1MQ4 2025−$114M$2.6MQ1 2026−$4.4M$1.6MQ2 2026$74.4M$1.2MQ3 2026
Latest (Q3 2026): Operating cash flow $74.4M, Capital spending $1.2M.

Capital allocation, year by year

CRA International: where the cash came from (up) and went (down), by fiscal yearCRA International: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $75.7MFY2021: Shares issued $5.2MFY2021: Capital spending −$2.6MFY2021: Buybacks −$45.0MFY2021: Dividends −$8.3M$80.9MFY2021FY2022: Operating cash flow $25.1MFY2022: Shares issued $1.4MFY2022: Capital spending −$3.8MFY2022: Acquisitions −$14.4MFY2022: Buybacks −$27.6MFY2022: Dividends −$9.6M$26.5MFY2022FY2023: Operating cash flow $60.1MFY2023: Shares issued $805KFY2023: Capital spending −$2.4MFY2023: Acquisitions −$577KFY2023: Buybacks −$31.4MFY2023: Dividends −$10.8M$60.9MFY2023FY2024: Operating cash flow $49.7MFY2024: Capital spending −$16.6MFY2024: Acquisitions −$1.5MFY2024: Buybacks −$33.3MFY2024: Dividends −$12.3M$49.7MFY2024FY2025: Operating cash flow $22.4MFY2025: Net borrowing $34.0MFY2025: Capital spending −$3.9MFY2025: Buybacks −$47.1MFY2025: Dividends −$13.8M$56.4MFY2025
Over these 5 years operating cash flow totalled $233M; the largest uses were buybacks ($185M) and dividends ($54.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$20.4M
Debt$72.9M
Net debt$52.5M

CRA International funds itself: free cash flow was $9.6M over the last twelve months, and $20.4M of cash and investments stands against $72.9M of debt.

Where the cash came from and went

CRA International: sources (+) and uses (−) of cash, Q3 2026CRA International: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$74.4MNet borrowing (+) / repaid (−)−$69.0MDividends−$3.6MOther financing−$1.4MCapital spending−$1.2MCash drawn (+) / kept (−)$1.0MExchange rates−$227KTaxes on employees’ shares−$20K
CRA International: sources (+) and uses (−) of cash, TTM to Q3 2026CRA International: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$55.0MBuybacks−$49.3MOperating cash flow$16.1MDividends−$14.8MCapital spending−$6.5MTaxes on employees’ shares−$2.2MCash drawn (+) / kept (−)$2.1MOther financing−$1.4MExchange rates$972K

From profit to cash

CRA International: net income to operating cash flow, Q3 2026CRA International: net income to operating cash flow, Q3 2026Net income$13.9MDepreciation & amortization$3.2MStock-based pay$1.4MDeferred taxes$1.2MReceivables−$7.9MPayables$117KContract assets−$11.0MPrepaid and other assets−$3.3MOperating cash flow$74.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202673—1656
Q2 202667—1552
Q1 202673—1756
Q4 202583—2063
Q3 202576—1859
Q2 202573—1657
Q1 202576—1858
Q4 202481—2160

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$74.4M−$1.2M—−$3.6M−$69.0M$1.0M$73.2M
Q2 2026−$4.4M−$1.6M−$27.8M−$3.6M$27.0M$11.1M−$6.1M
Q1 2026−$114M−$2.6M−$21.5M−$3.8M$158M−$14.3M−$117M
Q4 2025$60.0M−$1.1M—−$3.7M−$61.0M$4.3M$59.0M
Q3 2025$36.5M−$650K−$4.0M−$3.2M−$25.0M−$3.0M$35.9M
Q2 2025$5.9M−$1.2M−$43.1M−$3.4M$35.0M$6.2M$4.7M
Q1 2025−$80.0M−$974K—−$3.5M$85.0M$1.1M−$81.0M
Q4 2024$79.4M−$10.6M—−$3.5M−$60.0M−$2.2M$68.8M

CRA International: income statement and cash flow

CRA International, Q3 2026: revenue $215M (+16% year over year), operating margin 11.1%. The chart follows the revenue to costs, profit and cash.

CRA International: 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.