Filing Flows

Filing Flows › Companies › Lifeway Foods › Cash flow

Lifeway Foods cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$8.8M in Q2 2026 · −$31.1M over twelve months

Operating cash flow−$339K
Capital spending−$8.5M
Free cash flow−$8.8M
Cash / net income-2.7×
Cash conversion cycle26 days

Analysis

In Q2 2026, Lifeway Foods generated −$339K of operating cash flow and spent $8.5M on capital projects, leaving free cash flow of −$8.8M. That is $10.4M less than in Q2 2025 ($1.6M).

Over the twelve months to Jun 30, 2026, operating cash flow was $11.2M; the largest uses were capital spending ($42.3M), net borrowing (+) / repaid (−) ($1.0M); besides operations, cash came from other financing ($17.8M), asset & business sales ($223K); the cash balance fell by $14.1M.

Operating cash flow was −$339K against net income of $127K — -2.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables +$3.3M, inventory −$2.5M, accrued liabilities −$1.3M.

Its cash conversion cycle was 26 days (receivables 31 + inventory 21 − payables 26).

Free cash flow

Lifeway Foods: free cash flow by quarterLifeway Foods: free cash flow by quarter$5.9MQ3 2024−$3.8MQ4 2024−$3.0MQ1 2025$1.6MQ2 2025$1.8MQ3 2025−$17.4MQ4 2025−$6.7MQ1 2026−$8.8MQ2 2026
Operating cash flow less capital spending.
Lifeway Foods: operating cash flow against capital spendingLifeway Foods: operating cash flow against capital spendingOperating cash flowCapital spending$7.5M$1.5MQ3 2024−$2.6M$1.3MQ4 2024−$150K$2.9MQ1 2025$3.9M$2.3MQ2 2025$6.9M$5.1MQ3 2025$267K$17.7MQ4 2025$4.4M$11.0MQ1 2026−$339K$8.5MQ2 2026
Latest (Q2 2026): Operating cash flow −$339K, Capital spending $8.5M.

Capital allocation, year by year

Lifeway Foods: where the cash came from (up) and went (down), by fiscal yearLifeway Foods: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $5.6MFY2021: Net borrowing $4.5MFY2021: Capital spending −$1.9MFY2021: Acquisitions −$5.2MFY2021: Buybacks −$1.6M$10.1MFY2021FY2022: Operating cash flow $4.0MFY2022: Net borrowing −$750KFY2022: Capital spending −$3.4MFY2022: Acquisitions −$580KFY2022: Buybacks −$4.0M$4.0MFY2022FY2023: Operating cash flow $16.9MFY2023: Net borrowing −$3.8MFY2023: Asset sales $41KFY2023: Capital spending −$4.4M$17.0MFY2023FY2024: Operating cash flow $13.0MFY2024: Net borrowing −$2.8MFY2024: Asset sales $15KFY2024: Capital spending −$6.7M$13.0MFY2024FY2025: Operating cash flow $10.9MFY2025: Asset sales $115KFY2025: Capital spending −$27.4M$11.1MFY2025
Over these 5 years operating cash flow totalled $50.4M; the largest uses were capital spending ($43.8M) and net borrowing ($7.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$7.1M
Debtnone
Net cash$7.1M

Lifeway Foods's operations bring cash in ($11.2M over twelve months), and it spends more than that on capital projects: a gap of $31.1M funded from its $7.1M of cash and investments and from borrowing. That is a choice to invest, not a cash runway running down.

Where the cash came from and went

Lifeway Foods: sources (+) and uses (−) of cash, Q2 2026Lifeway Foods: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$15.0MCapital spending−$8.5MBuybacks−$4.9MCash drawn (+) / kept (−)−$1.5MOperating cash flow−$339KOther investing$223K
Lifeway Foods: sources (+) and uses (−) of cash, TTM to Q2 2026Lifeway Foods: sources (+) and uses (−) of cash, TTM to Q2 2026Capital spending−$42.3MOther financing$17.8MCash drawn (+) / kept (−)$14.1MOperating cash flow$11.2MNet borrowing (+) / repaid (−)−$1.0MAsset & business sales$223K

From profit to cash

Lifeway Foods: net income to operating cash flow, Q2 2026Lifeway Foods: net income to operating cash flow, Q2 2026Net income$127KDepreciation & amortization$1.1MStock-based pay$535KReceivables$124KInventory−$2.5MPayables$3.3MAccrued liabilities−$1.3MPrepaid and other assets$69KOther liabilities$89KIncome taxes payable−$1.2MOperating cash flow−$339K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202631212626
Q1 202628232427
Q4 202528263322
Q3 202527243318
Q2 202528232823
Q1 202531232826
Q4 202428222823
Q3 202428232823

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$339K−$8.5M−$4.9M$15.0M−$1.5M−$8.8M
Q1 2026$4.4M−$11.0M—$7.0M−$33K−$6.7M
Q4 2025$267K−$17.7M——$17.4M−$17.4M
Q3 2025$6.9M−$5.1M——−$1.8M$1.8M
Q2 2025$3.9M−$2.3M——−$1.8M$1.6M
Q1 2025−$150K−$2.9M——−$2.7M−$3.0M
Q4 2024−$2.6M−$1.3M——$3.8M−$3.8M
Q3 2024$7.5M−$1.5M——−$5.9M$5.9M

Lifeway Foods: income statement and cash flow

Lifeway Foods, Q2 2026: revenue $66.9M (+24% year over year), operating margin 0.9%. The chart follows the revenue to costs, profit and cash.

Lifeway Foods: 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.