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Live Oak Bancshares cash flow, quarter by quarter

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

Free cash flow$124M in Q3 2026 · $297M over twelve months

Operating cash flow$127M
Capital spending−$2.3M
Free cash flow+$124M
Cash / net income4.8×

Analysis

In Q3 2026, Live Oak Bancshares generated $127M of operating cash flow and spent $2.3M on capital projects, leaving free cash flow of $124M. That is $60.1M more than in Q3 2025 ($64.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $314M; the largest uses were other investing ($2.2B), capital spending ($16.5M), taxes on employees’ shares ($8.9M); besides operations, cash came from other financing ($2.2B), shares issued ($1.1M); the cash balance rose by $207M.

Operating cash flow was $127M against net income of $26.3M — 4.8× profit, cash ran ahead of reported earnings. The largest differences: receivables +$16.7M, deferred taxes −$10.1M, accrued liabilities +$9.2M.

Free cash flow

Live Oak Bancshares: free cash flow by quarterLive Oak Bancshares: free cash flow by quarter$34.5MQ4 2024−$32.1MQ1 2025$51.9MQ2 2025$64.3MQ3 2025$59.3MQ4 2025$85.3MQ1 2026$28.4MQ2 2026$124MQ3 2026
Operating cash flow less capital spending.
Live Oak Bancshares: operating cash flow against capital spendingLive Oak Bancshares: operating cash flow against capital spendingOperating cash flowCapital spending$38.5M$4.0MQ4 2024−$29.8M$2.3MQ1 2025$53.3M$1.4MQ2 2025$66.1M$1.7MQ3 2025$68.6M$9.3MQ4 2025$87.4M$2.0MQ1 2026$31.2M$2.8MQ2 2026$127M$2.3MQ3 2026
Latest (Q3 2026): Operating cash flow $127M, Capital spending $2.3M.

Capital allocation, year by year

Live Oak Bancshares: where the cash came from (up) and went (down), by fiscal yearLive Oak Bancshares: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingDividendsFY2021: Operating cash flow −$120MFY2021: Net borrowing −$1.2BFY2021: Shares issued $4.2MFY2021: Asset sales $84KFY2021: Capital spending −$3.1MFY2021: Dividends −$5.2M$4.2MFY2021FY2022: Operating cash flow −$301MFY2022: Net borrowing −$235MFY2022: Shares issued $2.1MFY2022: Capital spending −$43.8MFY2022: Dividends −$5.3M$2.1MFY2022FY2023: Operating cash flow $185MFY2023: Net borrowing −$59.8MFY2023: Shares issued $1.2MFY2023: Asset sales $100KFY2023: Capital spending −$46.8MFY2023: Dividends −$5.3M$186MFY2023FY2024: Operating cash flow $146MFY2024: Net borrowing $89.5MFY2024: Shares issued $2.3MFY2024: Asset sales $1.0MFY2024: Capital spending −$49.3MFY2024: Dividends −$5.4M$238MFY2024FY2025: Operating cash flow $158MFY2025: Net borrowing −$10.4MFY2025: Shares issued $99.2MFY2025: Asset sales $4.4MFY2025: Capital spending −$14.8MFY2025: Dividends −$5.5M$262MFY2025
Over these 5 years operating cash flow totalled $68.3M; the largest uses were net borrowing ($1.5B) and operating cash flow ($420M). Cash-flow statements as filed.

Where the cash came from and went

Live Oak Bancshares: sources (+) and uses (−) of cash, Q3 2026Live Oak Bancshares: sources (+) and uses (−) of cash, Q3 2026Other financing$919MOther investing−$867MCash drawn (+) / kept (−)−$172MOperating cash flow$127MTaxes on employees’ shares−$2.5MCapital spending−$2.3MDividends−$1.4MNet borrowing (+) / repaid (−)$27K
Live Oak Bancshares: sources (+) and uses (−) of cash, TTM to Q3 2026Live Oak Bancshares: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$2.2BOther financing$2.2BOperating cash flow$314MCash drawn (+) / kept (−)−$207MCapital spending−$16.5MTaxes on employees’ shares−$8.9MDividends−$5.5MNet borrowing (+) / repaid (−)−$5.3MShares issued$1.1MAsset & business sales$450K

From profit to cash

Live Oak Bancshares: net income to operating cash flow, Q3 2026Live Oak Bancshares: net income to operating cash flow, Q3 2026Net income$26.3MDepreciation & amortization$6.2MDeferred taxes−$10.1MGains on disposals$7KReceivables$16.7MAccrued liabilities$9.2MOperating cash flow$127M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$127M−$2.3M−$1.4M$27K—−$172M$124M
Q2 2026$31.2M−$2.8M−$1.4M$20K$96K−$111M$28.4M
Q1 2026$87.4M−$2.0M−$1.4M−$2.7M$499K$48.8M$85.3M
Q4 2025$68.6M−$9.3M−$1.4M−$2.6M$479K$27.5M$59.3M
Q3 2025$66.1M−$1.7M−$1.4M−$2.6M$951K−$230M$64.3M
Q2 2025$53.3M−$1.4M−$1.4M−$2.6M$788K$81.5M$51.9M
Q1 2025−$29.8M−$2.3M−$1.4M−$2.6M$758K−$135M−$32.1M
Q4 2024$38.5M−$4.0M−$1.4M−$2.6M$366K$57.8M$34.5M

Live Oak Bancshares: income statement and cash flow

Live Oak Bancshares, Q3 2026: revenue $176M (+23% year over year), operating margin 20.1%. The chart follows the revenue to costs, profit and cash.

Live Oak Bancshares: 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.