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Centrus Energy cash flow, quarter by quarter

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

Free cash flow−$126M in Q3 2026 · −$296M over twelve months

Operating cash flow$5.6M
Capital spending−$132M
Free cash flow−$126M
Cash / net income0.2×
Cash conversion cycle303 days

Analysis

In Q3 2026, Centrus Energy generated $5.6M of operating cash flow and spent $132M on capital projects, leaving free cash flow of −$126M. That is $132M less than in Q3 2025 ($5.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$59.5M; the largest uses were capital spending ($236M), operating cash flow ($59.5M), taxes on employees’ shares ($1.2M); besides operations, cash came from other financing ($494M), shares issued ($438M); the cash balance rose by $635M.

Operating cash flow was $5.6M against net income of $31.6M — 0.2× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory +$199M, payables +$6.9M, depreciation & amortization +$1.7M.

Its cash conversion cycle was 303 days (receivables 43 + inventory 386 − payables 126).

Free cash flow

Centrus Energy: free cash flow by quarterCentrus Energy: free cash flow by quarter$57.2MQ4 2024$34.4MQ1 2025$49.2MQ2 2025$5.7MQ3 2025−$58.0MQ4 2025−$58.3MQ1 2026−$53.2MQ2 2026−$126MQ3 2026
Operating cash flow less capital spending.
Centrus Energy: operating cash flow against capital spendingCentrus Energy: operating cash flow against capital spendingOperating cash flowCapital spending$57.9M$700KQ4 2024$36.5M$2.1MQ1 2025$52.8M$3.6MQ2 2025$10.1M$4.4MQ3 2025−$48.4M$9.6MQ4 2025−$35.1M$23.2MQ1 2026$18.4M$71.6MQ2 2026$5.6M$132MQ3 2026
Latest (Q3 2026): Operating cash flow $5.6M, Capital spending $132M.

Capital allocation, year by year

Centrus Energy: where the cash came from (up) and went (down), by fiscal yearCentrus Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingFY2021: Operating cash flow $50.0MFY2021: Net borrowing −$6.1MFY2021: Shares issued $43.0MFY2021: Capital spending −$1.2M$93.0MFY2021FY2022: Operating cash flow $20.6MFY2022: Net borrowing −$6.1MFY2022: Shares issued $4.0MFY2022: Capital spending −$700K$24.6MFY2022FY2023: Operating cash flow $9.1MFY2023: Net borrowing −$6.1MFY2023: Shares issued $23.2MFY2023: Capital spending −$1.6M$32.3MFY2023FY2024: Operating cash flow $37.0MFY2024: Net borrowing $383MFY2024: Shares issued $55.1MFY2024: Capital spending −$4.1M$475MFY2024FY2025: Operating cash flow $51.0MFY2025: Net borrowing $705MFY2025: Shares issued $524MFY2025: Capital spending −$19.7M$1.3BFY2025
Over these 5 years operating cash flow totalled $168M; the largest uses were capital spending ($27.3M) and net borrowing ($18.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.2B
Debt$1.2B
Net cash$1.1B
Cash runway7.6 years

Centrus Energy is burning cash: its operations consume cash, a free cash flow of −$296M a year at the current rate against $2.2B of cash and investments: a runway of about 7.6 years before any new financing.

Centrus Energy: debt maturities by year (FY2025)Centrus Energy: debt maturities by year (FY2025)$402MYear 5$805MAfter year 5
Principal due in each year as disclosed in the annual report, against $2.2B of cash and investments now.

Where the cash came from and went

Centrus Energy: sources (+) and uses (−) of cash, Q3 2026Centrus Energy: sources (+) and uses (−) of cash, Q3 2026Other financing$494MCash drawn (+) / kept (−)−$368MCapital spending−$132MOperating cash flow$5.6MTaxes on employees’ shares−$300K
Centrus Energy: sources (+) and uses (−) of cash, TTM to Q3 2026Centrus Energy: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)−$635MOther financing$494MShares issued$438MCapital spending−$236MOperating cash flow−$59.5MTaxes on employees’ shares−$1.2MExchange rates−$200K

From profit to cash

Centrus Energy: net income to operating cash flow, Q3 2026Centrus Energy: net income to operating cash flow, Q3 2026Net income$31.6MDepreciation & amortization$1.7MReceivables−$1.2MInventory$199MPayables$6.9MDeferred revenue$300KOther operating capital−$300KOperating cash flow$5.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202643386126303
Q2 20261725745230
Q1 20264365691608
Q4 20252930632302
Q3 20255742840444
Q2 20252133930330
Q1 20257366280655
Q4 20243018037174

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$5.6M−$132M——−$368M−$126M
Q2 2026$18.4M−$71.6M—$53.9M−$700K−$53.2M
Q1 2026−$35.1M−$23.2M——$58.9M−$58.3M
Q4 2025−$48.4M−$9.6M—$384M−$326M−$58.0M
Q3 2025$10.1M−$4.4M—−$200K−$788M$5.7M
Q2 2025$52.8M−$3.6M—$115M−$161M$49.2M
Q1 2025$36.5M−$2.1M−$77.8M$25.2M$18.3M$34.4M
Q4 2024$57.9M−$700K—$31.3M−$477M$57.2M

Centrus Energy: income statement and cash flow

Centrus Energy, Q3 2026: revenue $55.5M (-26% year over year), operating margin -53.5%. The chart follows the revenue to costs, profit and cash.

Centrus Energy: 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.