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First United cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$4.6M in Q3 2026 · $30.4M over twelve months

Operating cash flow$4.8M
Capital spending−$240K
Free cash flow+$4.6M
Cash / net income0.7×

Analysis

In Q3 2026, First United generated $4.8M of operating cash flow and spent $240K on capital projects, leaving free cash flow of $4.6M. That is $4.4M more than in Q3 2025 ($168K).

Over the twelve months to Sep 30, 2026, operating cash flow was $33.4M; the largest uses were other investing ($98.2M), net borrowing (+) / repaid (−) ($52.4M), dividends ($6.7M); besides operations, cash came from other financing ($106M), shares issued ($357K); the cash balance fell by $20.3M.

Operating cash flow was $4.8M against net income of $7.2M — 0.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables −$2.1M, receivables −$1.6M, gains on disposals −$32K.

Free cash flow

First United: free cash flow by quarterFirst United: free cash flow by quarter$9.2MQ4 2024$6.4MQ1 2025$706KQ2 2025$168KQ3 2025$8.2MQ4 2025$13.0MQ1 2026$4.7MQ2 2026$4.6MQ3 2026
Operating cash flow less capital spending.
First United: operating cash flow against capital spendingFirst United: operating cash flow against capital spendingOperating cash flowCapital spending$9.2M$45KQ4 2024$7.0M$585KQ1 2025$995K$289KQ2 2025$1.5M$1.3MQ3 2025$9.9M$1.7MQ4 2025$13.9M$908KQ1 2026$4.8M$146KQ2 2026$4.8M$240KQ3 2026
Latest (Q3 2026): Operating cash flow $4.8M, Capital spending $240K.

Capital allocation, year by year

First United: where the cash came from (up) and went (down), by fiscal yearFirst United: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $20.0MFY2021: Net borrowing −$61.5MFY2021: Shares issued $215KFY2021: Asset sales $39KFY2021: Capital spending −$1.1MFY2021: Buybacks −$7.2MFY2021: Dividends −$3.9M$20.3MFY2021FY2022: Operating cash flow $26.5MFY2022: Net borrowing $6.9MFY2022: Shares issued $217KFY2022: Asset sales $281KFY2022: Capital spending −$3.6MFY2022: Acquisitions −$600KFY2022: Dividends −$4.0M$33.9MFY2022FY2023: Operating cash flow $22.5MFY2023: Net borrowing $60.9MFY2023: Shares issued $293KFY2023: Asset sales $14KFY2023: Capital spending −$353KFY2023: Buybacks −$1.5MFY2023: Dividends −$5.2M$83.6MFY2023FY2024: Operating cash flow $22.3MFY2024: Net borrowing $30.0MFY2024: Shares issued $290KFY2024: Capital spending −$1.9MFY2024: Buybacks −$4.0MFY2024: Dividends −$5.4M$52.6MFY2024FY2025: Operating cash flow $19.4MFY2025: Net borrowing −$72.7MFY2025: Shares issued $315KFY2025: Capital spending −$4.0MFY2025: Dividends −$6.0M$19.7MFY2025
Over these 5 years operating cash flow totalled $111M; the largest uses were net borrowing ($134M) and dividends ($24.4M). Cash-flow statements as filed.

Where the cash came from and went

First United: sources (+) and uses (−) of cash, Q3 2026First United: sources (+) and uses (−) of cash, Q3 2026Other financing$52.2MNet borrowing (+) / repaid (−)−$36.4MOther investing−$29.1MCash drawn (+) / kept (−)$10.3MOperating cash flow$4.8MDividends−$1.7MCapital spending−$240KShares issued$88K
First United: sources (+) and uses (−) of cash, TTM to Q3 2026First United: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$106MOther investing−$98.2MNet borrowing (+) / repaid (−)−$52.4MOperating cash flow$33.4MCash drawn (+) / kept (−)$20.3MDividends−$6.7MCapital spending−$3.0MShares issued$357K

From profit to cash

First United: net income to operating cash flow, Q3 2026First United: net income to operating cash flow, Q3 2026Net income$7.2MGains on disposals−$32KReceivables−$1.6MPayables−$2.1MOperating cash flow$4.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$4.8M−$240K—−$1.7M−$36.4M$88K$10.3M$4.6M
Q2 2026$4.8M−$146K−$371K−$1.7M$49.6M$91K$4.7M$4.7M
Q1 2026$13.9M−$908K−$2.2M−$1.7M−$63.1M$89K$41.8M$13.0M
Q4 2025$9.9M−$1.7M—−$1.7M−$2.5M$89K−$36.4M$8.2M
Q3 2025$1.5M−$1.3M—−$1.4M−$30.7M$76K−$16.1M$168K
Q2 2025$995K−$289K—−$1.4M$30.6M$75K$5.3M$706K
Q1 2025$7.0M−$585K—−$1.4M−$45.1M$75K−$6.1M$6.4M
Q4 2024$9.2M−$45K−$1K−$1.4M$15.2M$75K−$15.9M$9.2M

First United: income statement and cash flow

First United, Q3 2026: revenue $25.2M (+11% year over year), operating margin 37.6%. The chart follows the revenue to costs, profit and cash.

First United: 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.