Filing Flows

Filing Flows › Companies › Dyadic International › Cash flow

Dyadic International cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$1.8M in Q2 2026 · −$7.4M over twelve months

Operating cash flow−$1.8M
Free cash flow−$1.8M
Cash conversion cycle22 days

Analysis

In Q2 2026, Dyadic International generated −$1.8M of operating cash flow. That is $1.7M less than in Q2 2025 (−$130K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$7.4M; the largest uses were operating cash flow ($7.4M); besides operations, cash came from other investing ($1.5M); the cash balance fell by $993K.

Operating cash flow was −$1.8M against net income of −$2.1M. The largest differences: accrued liabilities +$504K, deferred revenue +$454K, receivables −$307K.

Its cash conversion cycle was 22 days (receivables 109 + inventory 0 − payables 87).

Free cash flow

Dyadic International: free cash flow by quarterDyadic International: free cash flow by quarter−$201KQ3 2024−$696KQ4 2024−$1.9MQ1 2025−$130KQ2 2025−$1.9MQ3 2025−$1.8MQ4 2025−$2.0MQ1 2026−$1.8MQ2 2026
Operating cash flow less capital spending.
Dyadic International: operating cash flow against capital spendingDyadic International: operating cash flow against capital spendingOperating cash flowCapital spending−$201K$0Q3 2024−$696K$0Q4 2024−$1.9M$0Q1 2025−$130K$0Q2 2025−$1.9M$0Q3 2025−$1.8M$0Q4 2025−$2.0M$0Q1 2026−$1.8M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$1.8M, Capital spending $0.

Capital allocation, year by year

Dyadic International: where the cash came from (up) and went (down), by fiscal yearDyadic International: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedFY2021: Operating cash flow −$11.3MFY2021: Shares issued $1.2M$1.2MFY2021FY2022: Operating cash flow −$8.1MFY2022: Shares issued $544K$544KFY2022FY2023: Operating cash flow −$6.7MFY2023FY2024: Operating cash flow −$4.0MFY2024: Net borrowing $3.9MFY2024: Shares issued $24K$3.9MFY2024FY2025: Operating cash flow −$5.7MFY2025: Shares issued $5.0M$5.0MFY2025
Over these 5 years operating cash flow totalled −$35.8M; the largest uses were operating cash flow ($35.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3.1M
Debtnone
Net cash$3.1M
Cash runway5 months

Dyadic International is burning cash: its operations consume cash, a free cash flow of −$7.4M a year at the current rate against $3.1M of cash and investments: a runway of about 5 months before any new financing.

Where the cash came from and went

Dyadic International: sources (+) and uses (−) of cash, Q2 2026Dyadic International: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$2.2MOperating cash flow−$1.8MOther investing−$357KExchange rates$201
Dyadic International: sources (+) and uses (−) of cash, TTM to Q2 2026Dyadic International: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$7.4MNot reconciled$4.9MOther investing$1.5MCash drawn (+) / kept (−)$993KExchange rates−$1K

From profit to cash

Dyadic International: net income to operating cash flow, Q2 2026Dyadic International: net income to operating cash flow, Q2 2026Net income−$2.1MStock-based pay$144KReceivables−$307KPayables−$251KAccrued liabilities$504KDeferred revenue$454KPrepaid and other assets−$245KOperating cash flow−$1.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 2026109—8722
Q1 202685—109-24
Q4 2025163—246-83
Q3 202564—87-23
Q2 202544—88-44
Q1 202552—141-88
Q4 202433—136-103
Q3 202414—116-101

Every quarter

QuarterOperating cash flowShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$1.8M—$2.2M−$1.8M
Q1 2026−$2.0M—$698K−$2.0M
Q4 2025−$1.8M−$1$1.3M−$1.8M
Q3 2025−$1.9M—−$3.2M−$1.9M
Q2 2025−$130K—$1.1M−$130K
Q1 2025−$1.9M$24K$1.4M−$1.9M
Q4 2024−$696K—−$585K−$696K
Q3 2024−$201K—$212K−$201K

Dyadic International: income statement and cash flow

Dyadic International, Q2 2026: revenue $961K (-0.6% year over year), operating margin -213.7%. The chart follows the revenue to costs, profit and cash.

Dyadic 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.