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Heritage Insurance Holdings cash flow, quarter by quarter

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

Free cash flow$9.5M in Q3 2026 · $184M over twelve months

Operating cash flow$9.6M
Capital spending−$159K
Free cash flow+$9.5M
Cash / net income0.2×

Analysis

In Q3 2026, Heritage Insurance Holdings generated $9.6M of operating cash flow and spent $159K on capital projects, leaving free cash flow of $9.5M. That is $113M less than in Q3 2025 ($123M).

Over the twelve months to Sep 30, 2026, operating cash flow was $190M; the largest uses were other investing ($166M), other financing ($31.9M), taxes on employees’ shares ($11.2M); besides operations, cash came from asset & business sales ($273K); the cash balance fell by $28.3M.

Operating cash flow was $9.6M against net income of $51.1M — 0.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: prepaid and other assets +$5.8M, income taxes payable −$5.7M, deferred taxes −$3.6M.

Free cash flow

Heritage Insurance Holdings: free cash flow by quarterHeritage Insurance Holdings: free cash flow by quarter−$58.6MQ4 2024−$1.3MQ1 2025$41.8MQ2 2025$123MQ3 2025$10.9MQ4 2025$23.0MQ1 2026$141MQ2 2026$9.5MQ3 2026
Operating cash flow less capital spending.
Heritage Insurance Holdings: operating cash flow against capital spendingHeritage Insurance Holdings: operating cash flow against capital spendingOperating cash flowCapital spending−$56.1M$2.6MQ4 2024$837K$2.1MQ1 2025$43.3M$1.5MQ2 2025$124M$1.6MQ3 2025$13.8M$2.9MQ4 2025$24.9M$1.8MQ1 2026$142M$657KQ2 2026$9.6M$159KQ3 2026
Latest (Q3 2026): Operating cash flow $9.6M, Capital spending $159K.

Capital allocation, year by year

Heritage Insurance Holdings: where the cash came from (up) and went (down), by fiscal yearHeritage Insurance Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $60.1MFY2021: Net borrowing −$2.4MFY2021: Capital spending −$1.0MFY2021: Buybacks −$8.2MFY2021: Dividends −$6.7M$60.1MFY2021FY2022: Operating cash flow −$34.3MFY2022: Net borrowing $7.5MFY2022: Capital spending −$8.6MFY2022: Buybacks −$7.3MFY2022: Dividends −$4.8M$7.5MFY2022FY2023: Operating cash flow $70.4MFY2023: Net borrowing −$9.5MFY2023: Shares issued $24.7MFY2023: Capital spending −$9.9MFY2023: Dividends −$11K$95.1MFY2023FY2024: Operating cash flow $87.1MFY2024: Net borrowing −$9.5MFY2024: Shares issued −$3KFY2024: Capital spending −$8.2M$87.1MFY2024FY2025: Operating cash flow $182MFY2025: Net borrowing −$6.1MFY2025: Asset sales $3.2MFY2025: Capital spending −$8.1MFY2025: Buybacks −$2.3M$185MFY2025
Over these 5 years operating cash flow totalled $366M; the largest uses were capital spending ($35.8M) and operating cash flow ($34.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$532M
Debt$70.4M
Net cash$462M
Due within a year$3.8M

Heritage Insurance Holdings funds itself: free cash flow was $184M over the last twelve months, and $532M of cash and investments stands against $70.4M of debt ($3.8M due within a year, 141.9× covered by cash).

Heritage Insurance Holdings: debt maturities by year (FY2025)Heritage Insurance Holdings: debt maturities by year (FY2025)$3.8MYear 1$3.8MYear 2$4.7MYear 3$11.1MYear 4$56.3MYear 5$885KAfter year 5
Principal due in each year as disclosed in the annual report, against $532M of cash and investments now.

Where the cash came from and went

Heritage Insurance Holdings: sources (+) and uses (−) of cash, Q3 2026Heritage Insurance Holdings: sources (+) and uses (−) of cash, Q3 2026Other investing−$62.9MCash drawn (+) / kept (−)$56.0MOperating cash flow$9.6MBuybacks−$1.7MNet borrowing (+) / repaid (−)−$936KCapital spending−$159K
Heritage Insurance Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Heritage Insurance Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$190MOther investing−$166MOther financing−$31.9MCash drawn (+) / kept (−)$28.3MTaxes on employees’ shares−$11.2MCapital spending−$5.5MNet borrowing (+) / repaid (−)−$3.8MAsset & business sales$273K

From profit to cash

Heritage Insurance Holdings: net income to operating cash flow, Q3 2026Heritage Insurance Holdings: net income to operating cash flow, Q3 2026Net income$51.1MDepreciation & amortization$3.0MStock-based pay$1.4MDeferred taxes−$3.6MEmployee-related liabilities$2.1MPrepaid and other assets$5.8MOther liabilities−$3.5MIncome taxes payable−$5.7MOperating cash flow$9.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$9.6M−$159K−$1.7M−$936K$56.0M$9.5M
Q2 2026$142M−$657K—−$938K−$68.1M$141M
Q1 2026$24.9M−$1.8M−$10.0M−$938K$39.3M$23.0M
Q4 2025$13.8M−$2.9M—−$938K$1.1M$10.9M
Q3 2025$124M−$1.6M−$2.3M−$375K−$86.8M$123M
Q2 2025$43.3M−$1.5M—−$2.4M−$47.6M$41.8M
Q1 2025$837K−$2.1M—−$2.4M$24.3M−$1.3M
Q4 2024−$56.1M−$2.6M—−$2.4M$57.3M−$58.6M

Heritage Insurance Holdings: income statement and cash flow

Heritage Insurance Holdings, Q3 2026: revenue $219M (+3% year over year), operating margin 31.6%. The chart follows the revenue to costs, profit and cash.

Heritage Insurance 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.