Elutia cash flow, quarter by quarter

In Q2 2026, Elutia generated −$8.5M of operating cash flow and spent $91K on capital projects, leaving free cash flow of −$8.6M. That is $210K less than in Q2 2025 (−$8.3M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$44.0M; the largest uses were operating cash flow ($44.0M), other financing ($23.3M), capital spending ($2.0M); besides operations, cash came from other investing ($80.9M), shares issued ($81K); the cash balance rose by $11.4M.

Operating cash flow was −$8.5M against net income of −$7.6M. The largest differences: payables −$1.4M, stock-based pay +$905K, prepaid and other assets +$651K.

Its cash conversion cycle was -32 days (receivables 66 + inventory 246 − payables 344): suppliers fund its working capital.

Elutia is burning cash: its operations consume cash, a free cash flow of −$46.0M a year at the current rate against $19.9M of cash and investments: a runway of about 5 months; $10.0M of debt also comes due within a year, which would need refinancing or new money before any new financing.