Filing Flows › Companies › HWH International › Cash flow
HWH International cash flow, quarter by quarter
Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow$478K in Q2 2026 · −$955K over twelve months
Analysis
In Q2 2026, HWH International generated $478K of operating cash flow and spent −$2 on capital projects, leaving free cash flow of $478K. That is $451K more than in Q2 2025 ($27K).
Over the twelve months to Jun 30, 2026, operating cash flow was −$936K; the largest uses were operating cash flow ($936K), other investing ($835K), net borrowing (+) / repaid (−) ($737K); besides operations, cash came from shares issued ($500K), other financing ($104K); the cash balance fell by $2.2M.
Operating cash flow was $478K against net income of $211K — 2.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$2K, receivables −$1K, prepaid and other assets −$1K.
Its cash conversion cycle was -616 days (receivables 5 + inventory 3 − payables 624): suppliers fund its working capital.
Free cash flow
Capital allocation, year by year
Cash runway and the debt wall
HWH International is burning cash: its operations consume cash, a free cash flow of −$955K a year at the current rate against $1.6M of cash and investments: a runway of about 20 months before any new financing.
Where the cash came from and went
From profit to cash
| Quarter | Receivable days | Inventory days | Payable days | Cash conversion cycle |
|---|---|---|---|---|
| Q2 2026 | 5 | 3 | 624 | -616 |
| Q1 2026 | 4 | 6 | 1606 | -1596 |
| Q4 2025 | 9 | 7 | 2266 | -2250 |
| Q3 2025 | 7 | 4 | 483 | -472 |
| Q2 2025 | 9 | 2 | 169 | -159 |
| Q1 2025 | 8 | 1 | 314 | -304 |
| Q4 2024 | 8 | 1 | 247 | -238 |
| Q3 2024 | 8 | 1 | 241 | -232 |
Every quarter
| Quarter | Operating cash flow | Capital spending | Buybacks | Net borrowing (+) / repaid (−) | Shares issued | Cash drawn (+) / kept (−) | Free cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | $478K | $2 | — | $490K | — | −$46K | $478K |
| Q1 2026 | −$193K | −$1K | — | −$141K | — | $626K | −$193K |
| Q4 2025 | −$1.0M | −$87 | — | −$236K | — | $1.3M | −$1.0M |
| Q3 2025 | −$200K | −$18K | — | $406K | — | $380K | −$218K |
| Q2 2025 | $27K | — | — | — | — | $447K | $27K |
| Q1 2025 | −$555K | — | — | −$754K | $1.4M | $165K | −$555K |
| Q4 2024 | −$415K | −$291 | −$1 | $220K | — | −$3.5M | −$415K |
| Q3 2024 | −$275K | −$2K | — | — | — | −$11K | −$277K |
HWH International: income statement and cash flow
HWH International, Q2 2026: revenue $64K (-79% year over year), operating margin 328.1%. The chart follows the revenue to costs, profit and cash.
HWH 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.