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Five Below cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$142M in Q2 FY27 · $599M over twelve months

Operating cash flow$215M
Capital spending−$73.2M
Free cash flow+$142M
Cash / net income1.0×

Analysis

In Q2 FY27, Five Below generated $215M of operating cash flow and spent $73.2M on capital projects, leaving free cash flow of $142M.

Over the twelve months to Aug 1, 2026, operating cash flow was $803M; the largest uses were other investing ($519M), capital spending ($204M), buybacks ($60.4M); besides operations, cash came from other financing ($929K); the cash balance fell by $1.7M.

Operating cash flow was $215M against net income of $221M — 1.0× profit, roughly in line with earnings. The largest differences: inventory −$128M, income taxes payable −$93.8M, payables +$83.9M.

Free cash flow

Five Below: free cash flow by quarterFive Below: free cash flow by quarter−$111MQ3 FY25$311MQ4 FY25$96.5MQ1 FY26$48.3MQ2 FY26−$133MQ3 FY26$400MQ4 FY26$190MQ1 FY27$142MQ2 FY27
Operating cash flow less capital spending.
Five Below: operating cash flow against capital spendingFive Below: operating cash flow against capital spendingOperating cash flowCapital spending−$30.6M$80.4MQ3 FY25$364M$52.1MQ4 FY25$133M$36.2MQ1 FY26$93.0M$44.7MQ2 FY26−$80.1M$53.0MQ3 FY26$441M$40.8MQ4 FY26$227M$37.2MQ1 FY27$215M$73.2MQ2 FY27
Latest (Q2 FY27): Operating cash flow $215M, Capital spending $73.2M.

Capital allocation, year by year

Five Below: where the cash came from (up) and went (down), by fiscal yearFive Below: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksFY22: Operating cash flow $328MFY22: Shares issued $1.2MFY22: Capital spending −$288MFY22: Buybacks −$60.0M$329MFY22FY23: Operating cash flow $315MFY23: Shares issued $1.6MFY23: Capital spending −$252MFY23: Buybacks −$40.0M$317MFY23FY24: Operating cash flow $500MFY24: Shares issued $1.3MFY24: Capital spending −$335MFY24: Buybacks −$80.5M$501MFY24FY25: Operating cash flow $431MFY25: Shares issued $1.4MFY25: Capital spending −$324MFY25: Buybacks −$40.2M$432MFY25FY26: Operating cash flow $586MFY26: Shares issued $943KFY26: Capital spending −$175M$587MFY26
Over these 5 years operating cash flow totalled $2.2B; the largest uses were capital spending ($1.4B) and buybacks ($221M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.2B
Debtnone
Net cash$1.2B

Five Below funds itself: free cash flow was $599M over the last twelve months, with $1.2B of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Five Below: sources (+) and uses (−) of cash, Q2 FY27Five Below: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$215MOther investing−$152MCash drawn (+) / kept (−)$77.8MCapital spending−$73.2MOther financing−$59.9MTaxes on employees’ shares−$7.7M
Five Below: sources (+) and uses (−) of cash, TTM to Q2 FY27Five Below: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$803MOther investing−$519MCapital spending−$204MBuybacks−$60.4MTaxes on employees’ shares−$22.1MCash drawn (+) / kept (−)$1.7MOther financing$929K

From profit to cash

Five Below: net income to operating cash flow, Q2 FY27Five Below: net income to operating cash flow, Q2 FY27Net income$221MDepreciation & amortization$51.2MStock-based pay$9.9MDeferred taxes$2.6MInventory−$128MPayables$83.9MAccrued liabilities$39.7MPrepaid and other assets$28.9MIncome taxes payable−$93.8MOperating cash flow$215M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksCash drawn (+) / kept (−)Free cash flow
Q2 FY27$215M−$73.2M—$77.8M$142M
Q1 FY27$227M−$37.2M—$84.8M$190M
Q4 FY26$441M−$40.8M—−$373M$400M
Q3 FY26−$80.1M−$53.0M—$212M−$133M
Q2 FY26$93.0M−$44.7M—−$135M$48.3M
Q1 FY26$133M−$36.2M—−$95.7M$96.5M
Q4 FY25$364M−$52.1M$13K−$162M$311M
Q3 FY25−$30.6M−$80.4M—$39.3M−$111M

Five Below: income statement and cash flow

Five Below, Q2 FY27: revenue $1.3B (+23% year over year), operating margin 21.8%. The chart follows the revenue to costs, profit and cash.

Five Below: 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.