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Huron Consulting Group cash flow, quarter by quarter

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

Free cash flow$53.3M in Q3 2026 · $124M over twelve months

Operating cash flow$57.0M
Capital spending−$3.7M
Free cash flow+$53.3M
Cash / net income2.0×
Cash conversion cycle35 days

Analysis

In Q3 2026, Huron Consulting Group generated $57.0M of operating cash flow and spent $3.7M on capital projects, leaving free cash flow of $53.3M. That is $36.5M less than in Q3 2025 ($89.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $142M; the largest uses were net borrowing (+) / repaid (−) ($585M), buybacks ($247M), acquisitions ($32.3M); besides operations, cash came from other financing ($780M), shares issued ($2.1M); the cash balance rose by $1.7M.

Operating cash flow was $57.0M against net income of $28.4M — 2.0× profit, cash ran ahead of reported earnings. The largest differences: employee-related liabilities +$46.6M, payables −$15.3M, receivables −$15.1M.

Its cash conversion cycle was 35 days (receivables 40 + inventory 0 − payables 4).

Free cash flow

Huron Consulting Group: free cash flow by quarterHuron Consulting Group: free cash flow by quarter$137MQ4 2024−$109MQ1 2025$78.0MQ2 2025$89.8MQ3 2025$124MQ4 2025−$168MQ1 2026$115MQ2 2026$53.3MQ3 2026
Operating cash flow less capital spending.
Huron Consulting Group: operating cash flow against capital spendingHuron Consulting Group: operating cash flow against capital spendingOperating cash flowCapital spending$140M$2.6MQ4 2024−$107M$1.9MQ1 2025$80.0M$2.0MQ2 2025$93.8M$4.0MQ3 2025$126M$2.6MQ4 2025−$162M$5.7MQ1 2026$120M$5.2MQ2 2026$57.0M$3.7MQ3 2026
Latest (Q3 2026): Operating cash flow $57.0M, Capital spending $3.7M.

Capital allocation, year by year

Huron Consulting Group: where the cash came from (up) and went (down), by fiscal yearHuron Consulting Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $18.0MFY2021: Net borrowing $29.5MFY2021: Shares issued $804KFY2021: Asset sales $41.7MFY2021: Capital spending −$10.9MFY2021: Acquisitions −$44.8MFY2021: Buybacks −$64.6M$90.0MFY2021FY2022: Operating cash flow $85.4MFY2022: Net borrowing $57.2MFY2022: Shares issued $1.4MFY2022: Asset sales $5.0MFY2022: Capital spending −$12.5MFY2022: Acquisitions −$3.4MFY2022: Buybacks −$120M$149MFY2022FY2023: Operating cash flow $135MFY2023: Net borrowing $34.0MFY2023: Shares issued $2.5MFY2023: Asset sales $111KFY2023: Capital spending −$9.4MFY2023: Acquisitions −$1.6MFY2023: Buybacks −$123M$172MFY2023FY2024: Operating cash flow $201MFY2024: Net borrowing $33.7MFY2024: Shares issued $1.8MFY2024: Asset sales $4.8MFY2024: Capital spending −$8.7MFY2024: Acquisitions −$49.5MFY2024: Buybacks −$123M$242MFY2024FY2025: Operating cash flow $193MFY2025: Net borrowing $153MFY2025: Shares issued $5.1MFY2025: Asset sales $50KFY2025: Capital spending −$10.4MFY2025: Acquisitions −$112MFY2025: Buybacks −$167M$352MFY2025
Over these 5 years operating cash flow totalled $633M; the largest uses were buybacks ($597M) and acquisitions ($211M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$25.6M
Debt$814M
Net debt$788M
Due within a year$20.0M

Huron Consulting Group funds itself: free cash flow was $124M over the last twelve months, and $25.6M of cash and investments stands against $814M of debt ($20.0M due within a year, 1.3× covered by cash).

Huron Consulting Group: debt maturities by year (FY2025)Huron Consulting Group: debt maturities by year (FY2025)$20.0MYear 1$20.0MYear 2$20.0MYear 3$20.0MYear 4$431MYear 5
Principal due in each year as disclosed in the annual report, against $25.6M of cash and investments now.

Where the cash came from and went

Huron Consulting Group: sources (+) and uses (−) of cash, Q3 2026Huron Consulting Group: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)−$162MOther financing$134MOperating cash flow$57.0MBuybacks−$27.0MCash drawn (+) / kept (−)$5.6MOther investing−$4.2MCapital spending−$3.7MShares issued$358KTaxes on employees’ shares−$271KExchange rates−$75KAcquisitions−$27KAsset & business sales$2K
Huron Consulting Group: sources (+) and uses (−) of cash, TTM to Q3 2026Huron Consulting Group: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$780MNet borrowing (+) / repaid (−)−$585MBuybacks−$247MOperating cash flow$142MAcquisitions−$32.3MTaxes on employees’ shares−$21.7MOther investing−$19.6MCapital spending−$17.3MShares issued$2.1MCash drawn (+) / kept (−)−$1.7MAsset & business sales$852KExchange rates−$162K

From profit to cash

Huron Consulting Group: net income to operating cash flow, Q3 2026Huron Consulting Group: net income to operating cash flow, Q3 2026Net income$28.4MDepreciation & amortization$10.7MStock-based pay$11.4MDeferred taxes$2.5MGains on disposals$2KReceivables−$15.1MPayables−$15.3MEmployee-related liabilities$46.6MDeferred revenue$7.4MPrepaid and other assets−$6.9MIncome taxes payable−$326KOperating cash flow$57.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202640—435
Q2 202640—435
Q1 202639—436
Q4 202540—437
Q3 202541—438
Q2 202544—538
Q1 202544—539
Q4 202446—343

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$57.0M−$3.7M−$27K−$27.0M−$162M$358K$5.6M$53.3M
Q2 2026$120M−$5.2M−$29.3M−$53.5M−$188M$53K−$4.8M$115M
Q1 2026−$162M−$5.7M$1.5M−$153M−$68.0M$708K−$2.0M−$168M
Q4 2025$126M−$2.6M−$4.5M−$13.6M−$167M$945K−$619K$124M
Q3 2025$93.8M−$4.0M−$54.1M−$18.7M−$536M$1.6M$37.1M$89.8M
Q2 2025$80.0M−$2.0M−$47.9M−$69.1M−$142M$64K−$37.6M$78.0M
Q1 2025−$107M−$1.9M−$5.2M−$65.3M−$109M$2.5M−$1.5M−$109M
Q4 2024$140M−$2.6M−$28.7M−$18.5M−$146M$198K−$3.4M$137M

Huron Consulting Group: income statement and cash flow

Huron Consulting Group, Q3 2026: revenue $491M (+11% year over year), operating margin 12.0%. The chart follows the revenue to costs, profit and cash.

Huron Consulting Group: 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.