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First National cash flow, quarter by quarter

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

Free cash flow$6.5M in Q2 2026 · $26.2M over twelve months

Operating cash flow$6.9M
Capital spending−$426K
Free cash flow+$6.5M
Cash / net income1.2×

Analysis

In Q2 2026, First National generated $6.9M of operating cash flow and spent $426K on capital projects, leaving free cash flow of $6.5M. That is $2.4M more than in Q2 2025 ($4.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was $30.2M; the largest uses were other investing ($65.0M), dividends ($5.8M), capital spending ($4.0M); besides operations, cash came from other financing ($14.7M), asset & business sales ($1.7M); the cash balance fell by $28.2M.

Operating cash flow was $6.9M against net income of $5.7M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: prepaid and other assets −$1.5M, accrued liabilities +$1.0M, depreciation & amortization +$732K.

Free cash flow

First National: free cash flow by quarterFirst National: free cash flow by quarter$4.9MQ3 2024−$37.8MQ4 2024$3.0MQ1 2025$4.1MQ2 2025$6.8MQ3 2025$6.9MQ4 2025$5.9MQ1 2026$6.5MQ2 2026
Operating cash flow less capital spending.
First National: operating cash flow against capital spendingFirst National: operating cash flow against capital spendingOperating cash flowCapital spending$6.1M$1.2MQ3 2024−$36.7M$1.1MQ4 2024$3.5M$483KQ1 2025$4.7M$588KQ2 2025$8.4M$1.6MQ3 2025$8.4M$1.5MQ4 2025$6.4M$488KQ1 2026$6.9M$426KQ2 2026
Latest (Q2 2026): Operating cash flow $6.9M, Capital spending $426K.

Capital allocation, year by year

First National: where the cash came from (up) and went (down), by fiscal yearFirst National: where the cash came from (up) and went (down), by fiscal yearOperating cash flowAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $7.9MFY2021: Asset sales $32KFY2021: Capital spending −$835KFY2021: Acquisitions −$90.5MFY2021: Dividends −$2.5M$7.9MFY2021FY2022: Operating cash flow $26.8MFY2022: Capital spending −$1.2MFY2022: Acquisitions −$90.5MFY2022: Dividends −$3.3M$26.8MFY2022FY2023: Operating cash flow $16.4MFY2023: Asset sales $50KFY2023: Capital spending −$1.9MFY2023: Dividends −$3.6M$16.4MFY2023FY2024: Operating cash flow −$22.2MFY2024: Asset sales $18KFY2024: Capital spending −$3.3MFY2024: Dividends −$4.0M$18KFY2024FY2025: Operating cash flow $25.1MFY2025: Asset sales $1.7MFY2025: Capital spending −$4.2MFY2025: Dividends −$5.5M$26.8MFY2025
Over these 5 years operating cash flow totalled $53.9M; the largest uses were acquisitions ($181M) and operating cash flow ($22.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$166M
Debtnone
Net cash$166M

First National funds itself: free cash flow was $26.2M over the last twelve months, with $166M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

First National: sources (+) and uses (−) of cash, Q2 2026First National: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$21.7MOther investing−$20.5MOperating cash flow$6.9MOther financing−$6.2MDividends−$1.5MCapital spending−$426KAsset & business sales$56K
First National: sources (+) and uses (−) of cash, TTM to Q2 2026First National: sources (+) and uses (−) of cash, TTM to Q2 2026Other investing−$65.0MOperating cash flow$30.2MCash drawn (+) / kept (−)$28.2MOther financing$14.7MDividends−$5.8MCapital spending−$4.0MAsset & business sales$1.7M

From profit to cash

First National: net income to operating cash flow, Q2 2026First National: net income to operating cash flow, Q2 2026Net income$5.7MDepreciation & amortization$732KStock-based pay$221KDeferred taxes$114KAccrued liabilities$1.0MPrepaid and other assets−$1.5MOperating cash flow$6.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsCash drawn (+) / kept (−)Free cash flow
Q2 2026$6.9M−$426K−$1.5M$21.7M$6.5M
Q1 2026$6.4M−$488K−$1.5M−$26.9M$5.9M
Q4 2025$8.4M−$1.5M−$1.5M$28.4M$6.9M
Q3 2025$8.4M−$1.6M−$1.3M$5.0M$6.8M
Q2 2025$4.7M−$588K−$1.3M$11.7M$4.1M
Q1 2025$3.5M−$483K−$1.3M−$43.2M$3.0M
Q4 2024−$36.7M−$1.1M−$1.3M−$36.4M−$37.8M
Q3 2024$6.1M−$1.2M−$896K$9.1M$4.9M

First National: income statement and cash flow

First National, Q2 2026: revenue $24.0M (+7% year over year), operating margin 29.7%. The chart follows the revenue to costs, profit and cash.

First National: 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.