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FRP Holdings cash flow, quarter by quarter

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

Free cash flow−$12.0M in Q2 2026 · −$41.2M over twelve months

Operating cash flow$1.1M
Capital spending−$13.1M
Free cash flow−$12.0M

Analysis

In Q2 2026, FRP Holdings generated $1.1M of operating cash flow and spent $13.1M on capital projects, leaving free cash flow of −$12.0M. That is $14.6M less than in Q2 2025 ($2.6M).

Over the twelve months to Jun 30, 2026, operating cash flow was $28.3M; the largest uses were capital spending ($69.5M), other investing ($43.0M), partners ($1.9M); besides operations, cash came from net borrowing (+) / repaid (−) ($33.5M), asset & business sales ($20K); the cash balance fell by $53.5M.

Operating cash flow was $1.1M against net income of −$344K. The largest differences: payables −$5.0M, depreciation & amortization +$3.1M, stock-based pay +$1.0M.

Free cash flow

FRP Holdings: free cash flow by quarterFRP Holdings: free cash flow by quarter−$28.2MQ3 2024$3.5MQ4 2024$1.4MQ1 2025$2.6MQ2 2025−$16.9MQ3 2025−$8.6MQ4 2025−$3.8MQ1 2026−$12.0MQ2 2026
Operating cash flow less capital spending.
FRP Holdings: operating cash flow against capital spendingFRP Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$6.3M$34.6MQ3 2024$7.6M$4.1MQ4 2024$4.5M$3.1MQ1 2025$7.7M$5.1MQ2 2025$9.0M$26.0MQ3 2025$8.4M$17.0MQ4 2025$9.7M$13.4MQ1 2026$1.1M$13.1MQ2 2026
Latest (Q2 2026): Operating cash flow $1.1M, Capital spending $13.1M.

Capital allocation, year by year

FRP Holdings: where the cash came from (up) and went (down), by fiscal yearFRP Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $22.2MFY2021: Net borrowing $2.1MFY2021: Shares issued $269KFY2021: Asset sales $939KFY2021: Capital spending −$16.5MFY2021: Buybacks −$264K$25.5MFY2021FY2022: Operating cash flow $22.3MFY2022: Shares issued $412KFY2022: Asset sales $955KFY2022: Capital spending −$27.6M$23.7MFY2022FY2023: Operating cash flow $33.0MFY2023: Shares issued $1.0MFY2023: Asset sales $16KFY2023: Capital spending −$11.2MFY2023: Buybacks −$2.0M$34.0MFY2023FY2024: Operating cash flow $29.0MFY2024: Shares issued $221KFY2024: Asset sales $224KFY2024: Capital spending −$51.2M$29.4MFY2024FY2025: Operating cash flow $29.7MFY2025: Net borrowing $13.9MFY2025: Shares issued $231KFY2025: Asset sales $16KFY2025: Capital spending −$51.1MFY2025: Acquisitions −$23.5MFY2025: Buybacks −$464K$43.8MFY2025
Over these 5 years operating cash flow totalled $136M; the largest uses were capital spending ($158M) and acquisitions ($23.5M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$101M
Debt$215M
Net debt$114M

FRP Holdings's operations bring cash in ($28.3M over twelve months), and it spends more than that on capital projects: a gap of $41.2M funded from its $101M of cash and investments and from borrowing ($215M of debt). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

FRP Holdings: sources (+) and uses (−) of cash, Q2 2026FRP Holdings: sources (+) and uses (−) of cash, Q2 2026Capital spending−$13.1MNet borrowing (+) / repaid (−)$10.9MCash drawn (+) / kept (−)$6.9MOther investing−$5.5MOperating cash flow$1.1MPartners−$253K
FRP Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026FRP Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Capital spending−$69.5MCash drawn (+) / kept (−)$53.5MOther investing−$43.0MNet borrowing (+) / repaid (−)$33.5MOperating cash flow$28.3MPartners−$1.9MOther financing−$891KAsset & business sales$20K

From profit to cash

FRP Holdings: net income to operating cash flow, Q2 2026FRP Holdings: net income to operating cash flow, Q2 2026Net income−$344KDepreciation & amortization$3.1MStock-based pay$1.0MDeferred taxes−$1KReceivables$7KPayables−$5.0MPrepaid and other assets$26KOther liabilities−$28KIncome taxes payable−$75KOperating cash flow$1.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$1.1M−$13.1M$10.9M—$6.9M−$12.0M
Q1 2026$9.7M−$13.4M$11.4M—−$2.5M−$3.8M
Q4 2025$8.4M−$17.0M——$30.8M−$8.6M
Q3 2025$9.0M−$26.0M$4.9M—$18.3M−$16.9M
Q2 2025$7.7M−$5.1M$2.0M—−$10.8M$2.6M
Q1 2025$4.5M−$3.1M——$6.3M$1.4M
Q4 2024$7.6M−$4.1M—$221K−$4.4M$3.5M
Q3 2024$6.3M−$34.6M——$12.2M−$28.2M

FRP Holdings: income statement and cash flow

FRP Holdings, Q3 2026: revenue $11.0M (+2% year over year), operating margin 12.6%. The chart follows the revenue to costs, profit and cash.

FRP Holdings: 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.