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KLX Energy Services Holdings cash flow, quarter by quarter

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

Free cash flow−$5.9M in Q3 2026 · −$9.3M over twelve months

Operating cash flow$6.7M
Capital spending−$12.6M
Free cash flow−$5.9M
Cash conversion cycle35 days

Analysis

In Q3 2026, KLX Energy Services Holdings generated $6.7M of operating cash flow and spent $12.6M on capital projects, leaving free cash flow of −$5.9M. That is $7.4M less than in Q3 2025 ($1.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $30.0M; the largest uses were other financing ($207M), capital spending ($39.3M), other investing ($13.5M); besides operations, cash came from net borrowing (+) / repaid (−) ($214M), asset & business sales ($13.0M); the cash balance fell by $3.4M.

Operating cash flow was $6.7M against net income of −$15.5M. The largest differences: depreciation & amortization +$20.9M, receivables −$9.3M, prepaid and other assets +$5.2M.

Its cash conversion cycle was 35 days (receivables 63 + inventory 21 − payables 49).

Free cash flow

KLX Energy Services Holdings: free cash flow by quarterKLX Energy Services Holdings: free cash flow by quarter$10.7MQ4 2024−$52.6MQ1 2025$6.4MQ2 2025$1.5MQ3 2025$3.1MQ4 2025−$8.4MQ1 2026$1.9MQ2 2026−$5.9MQ3 2026
Operating cash flow less capital spending.
KLX Energy Services Holdings: operating cash flow against capital spendingKLX Energy Services Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$26.0M$15.3MQ4 2024−$37.6M$15.0MQ1 2025$19.1M$12.7MQ2 2025$13.5M$12.0MQ3 2025$12.5M$9.4MQ4 2025$300K$8.7MQ1 2026$10.5M$8.6MQ2 2026$6.7M$12.6MQ3 2026
Latest (Q3 2026): Operating cash flow $6.7M, Capital spending $12.6M.

Capital allocation, year by year

KLX Energy Services Holdings: where the cash came from (up) and went (down), by fiscal yearKLX Energy Services Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2022: Operating cash flow $15.7MFY2022: Net borrowing $10.3MFY2022: Shares issued $24.8MFY2022: Asset sales $16.9MFY2022: Capital spending −$35.6MFY2022: Buybacks −$300K$67.7MFY2022FY2023: Operating cash flow $116MFY2023: Net borrowing −$14.6MFY2023: Shares issued −$400KFY2023: Asset sales $16.3MFY2023: Capital spending −$57.1M$132MFY2023FY2024: Operating cash flow $54.2MFY2024: Net borrowing −$16.2MFY2024: Shares issued −$400KFY2024: Asset sales $14.0MFY2024: Capital spending −$65.1M$68.2MFY2024FY2025: Operating cash flow $7.5MFY2025: Net borrowing $126MFY2025: Asset sales $16.2MFY2025: Capital spending −$49.1M$149MFY2025
Over these 4 years operating cash flow totalled $193M; the largest uses were capital spending ($207M) and net borrowing ($30.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$5.0M
Debt$198M
Net debt$193M
Due within a year$22.4M

KLX Energy Services Holdings's operations bring cash in ($30.0M over twelve months), and it spends more than that on capital projects: a gap of $9.3M funded from its $5.0M of cash and investments and from borrowing ($198M of debt, $22.4M due within a year). That is a choice to invest, not a cash runway running down.

Where the cash came from and went

KLX Energy Services Holdings: sources (+) and uses (−) of cash, Q3 2026KLX Energy Services Holdings: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$74.0MOther financing−$72.7MCapital spending−$12.6MOperating cash flow$6.7MCash drawn (+) / kept (−)$2.9MAsset & business sales$1.8MShares issued−$100K
KLX Energy Services Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026KLX Energy Services Holdings: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$214MOther financing−$207MCapital spending−$39.3MOperating cash flow$30.0MOther investing−$13.5MAsset & business sales$13.0MCash drawn (+) / kept (−)$3.4M

From profit to cash

KLX Energy Services Holdings: net income to operating cash flow, Q3 2026KLX Energy Services Holdings: net income to operating cash flow, Q3 2026Net income−$15.5MDepreciation & amortization$20.9MStock-based pay$500KDeferred taxes−$200KReceivables−$9.3MInventory−$1.8MPayables−$1.6MPrepaid and other assets$5.2MOther liabilities−$3.2MOperating cash flow$6.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202663214935
Q2 202662225133
Q1 202665245237
Q4 202563245334
Q3 202560235033
Q2 202560234637
Q1 202558234833
Q4 202462235529

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$6.7M−$12.6M$74.0M−$100K$2.9M−$5.9M
Q2 2026$10.5M−$8.6M$60.2M—−$2.3M$1.9M
Q1 2026$300K−$8.7M$43.7M—$100K−$8.4M
Q4 2025$12.5M−$9.4M$35.9M—$2.7M$3.1M
Q3 2025$13.5M−$12.0M$31.8M−$300K$8.9M$1.5M
Q2 2025$19.1M−$12.7M$600K$100K$5.4M$6.4M
Q1 2025−$37.6M−$15.0M$226M$500K$68.9M−$52.6M
Q4 2024$26.0M−$15.3M−$5.6M−$200K−$8.9M$10.7M

KLX Energy Services Holdings: income statement and cash flow

KLX Energy Services Holdings, Q3 2026: revenue $186M (+11% year over year), operating margin 1.0%. The chart follows the revenue to costs, profit and cash.

KLX Energy Services 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.