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CVD Equipment cash flow, quarter by quarter

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

Free cash flow$44K in Q3 2026 · −$849K over twelve months

Operating cash flow$43K
Capital spending$1K
Free cash flow+$44K
Cash conversion cycle60 days

Analysis

In Q3 2026, CVD Equipment generated $43K of operating cash flow and spent −$1K on capital projects, leaving free cash flow of $44K. That is $1.3M less than in Q3 2025 ($1.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$837K; the largest uses were operating cash flow ($837K), net borrowing (+) / repaid (−) ($203K), capital spending ($12K); besides operations, cash came from other investing ($16.1M), other financing ($18K); the cash balance rose by $15.1M.

Operating cash flow was $43K against net income of −$1.5M. The largest differences: receivables +$1.5M, accrued liabilities +$341K, contract assets −$283K.

Its cash conversion cycle was 60 days (receivables 60 + inventory 11 − payables 12).

Free cash flow

CVD Equipment: free cash flow by quarterCVD Equipment: free cash flow by quarter$2.4MQ4 2024−$2.3MQ1 2025−$3.2MQ2 2025$1.4MQ3 2025$398KQ4 2025−$865KQ1 2026−$426KQ2 2026$44KQ3 2026
Operating cash flow less capital spending.
CVD Equipment: operating cash flow against capital spendingCVD Equipment: operating cash flow against capital spendingOperating cash flowCapital spending$2.3M−$113KQ4 2024−$2.3M$45KQ1 2025−$3.2M$4KQ2 2025$1.4M$0Q3 2025$397K−$1KQ4 2025−$852K$13KQ1 2026−$425K$1KQ2 2026$43K−$1KQ3 2026
Latest (Q3 2026): Operating cash flow $43K, Capital spending −$1K.

Capital allocation, year by year

CVD Equipment: where the cash came from (up) and went (down), by fiscal yearCVD Equipment: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$4.3MFY2021: Net borrowing −$9.6MFY2021: Capital spending −$236KFY2021FY2022: Operating cash flow $194KFY2022: Net borrowing −$1.8MFY2022: Capital spending −$665K$194KFY2022FY2023: Operating cash flow −$206KFY2023: Net borrowing −$77KFY2023: Shares issued $76KFY2023: Asset sales $597KFY2023: Capital spending −$418K$673KFY2023FY2024: Operating cash flow −$1.5MFY2024: Net borrowing −$82KFY2024: Asset sales $250KFY2024: Capital spending −$106K$250KFY2024FY2025: Operating cash flow −$3.7MFY2025: Net borrowing −$87KFY2025: Asset sales $200KFY2025: Capital spending −$48K$200KFY2025
Over these 5 years operating cash flow totalled −$9.5M; the largest uses were net borrowing ($11.6M) and operating cash flow ($9.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$23.5M
Debt$294K
Net cash$23.2M
Due within a year$87K
Cash runwaymore than 10 years

CVD Equipment is burning cash: its operations consume cash, a free cash flow of −$849K a year at the current rate against $23.5M of cash and investments: a runway of more than ten years at that rate; $87K of debt also comes due within a year, which the cash covers before any new financing.

CVD Equipment: debt maturities by year (FY2024)CVD Equipment: debt maturities by year (FY2024)$87KYear 1$92KYear 2$89KYear 3
Principal due in each year as disclosed in the annual report, against $23.5M of cash and investments now.

Where the cash came from and went

CVD Equipment: sources (+) and uses (−) of cash, Q3 2026CVD Equipment: sources (+) and uses (−) of cash, Q3 2026Asset & business sales−$95KOperating cash flow$43KCash drawn (+) / kept (−)$32KOther financing$18KCapital spending$1KOther investing$1K
CVD Equipment: sources (+) and uses (−) of cash, TTM to Q3 2026CVD Equipment: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$16.1MCash drawn (+) / kept (−)−$15.1MOperating cash flow−$837KNet borrowing (+) / repaid (−)−$203KOther financing$18KCapital spending−$12K

From profit to cash

CVD Equipment: net income to operating cash flow, Q3 2026CVD Equipment: net income to operating cash flow, Q3 2026Net income−$1.5MDepreciation & amortization$122KStock-based pay$43KReceivables$1.5MInventory$143KPayables$59KAccrued liabilities$341KEmployee-related liabilities$100KDeferred revenue−$187KContract assets−$283KPrepaid and other assets$224KOperating cash flow$43K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202660111260
Q2 202657151062
Q1 202648161251
Q4 20251815924
Q3 202562522489
Q2 2025866832121
Q1 202525411848
Q4 202445391767

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$43K$1K—$32K$44K
Q2 2026−$425K−$1K—−$15.3M−$426K
Q1 2026−$852K−$13K−$181K$538K−$865K
Q4 2025$397K$1K−$22K−$376K$398K
Q3 2025$1.4M—−$22K−$1.3M$1.4M
Q2 2025−$3.2M−$4K−$22K$3.2M−$3.2M
Q1 2025−$2.3M−$45K−$21K$2.4M−$2.3M
Q4 2024$2.3M$113K−$21K−$2.6M$2.4M

CVD Equipment: income statement and cash flow

CVD Equipment, Q3 2026: revenue $1.6M (-72% year over year), operating margin -149.0%. The chart follows the revenue to costs, profit and cash.

CVD Equipment: 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.