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
Operating cash flow less capital spending.Latest (Q3 2026): Operating cash flow $127M, Capital spending $2.3M.
Capital allocation, year by year
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
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Capital spending
Dividends
Net borrowing (+) / repaid (−)
Shares issued
Cash 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.
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.