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Mastech Digital cash flow, quarter by quarter

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

Free cash flow$2.4M in Q3 2026 · $5.7M over twelve months

Operating cash flow$2.6M
Capital spending−$224K
Free cash flow+$2.4M
Cash / net income378.3×
Cash conversion cycle36 days

Analysis

In Q3 2026, Mastech Digital generated $2.6M of operating cash flow and spent $224K on capital projects, leaving free cash flow of $2.4M. That is $3.8M less than in Q3 2025 ($6.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $6.1M; the largest uses were buybacks ($654K), capital spending ($379K), other investing ($106K); besides operations, cash came from shares issued ($1.3M); the cash balance rose by $5.2M.

Operating cash flow was $2.6M against net income of $7K — 378.3× profit, cash ran ahead of reported earnings. The largest differences: receivables +$2.1M, prepaid and other assets −$1.1M, stock-based pay +$861K.

Its cash conversion cycle was 36 days (receivables 46 + inventory 0 − payables 10).

Free cash flow

Mastech Digital: free cash flow by quarterMastech Digital: free cash flow by quarter$3.9MQ4 2024−$3.0MQ1 2025$3.2MQ2 2025$6.2MQ3 2025$4.4MQ4 2025−$3.2MQ1 2026$2.2MQ2 2026$2.4MQ3 2026
Operating cash flow less capital spending.
Mastech Digital: operating cash flow against capital spendingMastech Digital: operating cash flow against capital spendingOperating cash flowCapital spending$4.0M$115KQ4 2024−$2.9M$114KQ1 2025$3.3M$55KQ2 2025$6.4M$182KQ3 2025$4.4M$25KQ4 2025−$3.2M$66KQ1 2026$2.2M$64KQ2 2026$2.6M$224KQ3 2026
Latest (Q3 2026): Operating cash flow $2.6M, Capital spending $224K.

Capital allocation, year by year

Mastech Digital: where the cash came from (up) and went (down), by fiscal yearMastech Digital: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow $5.2MFY2021: Net borrowing −$4.4MFY2021: Shares issued $530KFY2021: Asset sales $10KFY2021: Capital spending −$1.9M$5.8MFY2021FY2022: Operating cash flow $12.6MFY2022: Net borrowing −$12.0MFY2022: Shares issued $1.6MFY2022: Capital spending −$835K$14.2MFY2022FY2023: Operating cash flow $16.0MFY2023: Net borrowing −$1.1MFY2023: Shares issued $204KFY2023: Capital spending −$335KFY2023: Buybacks −$618K$16.2MFY2023FY2024: Operating cash flow $7.2MFY2024: Shares issued $734KFY2024: Capital spending −$941KFY2024: Buybacks −$80K$7.9MFY2024FY2025: Operating cash flow $11.1MFY2025: Shares issued $1.1MFY2025: Capital spending −$376KFY2025: Buybacks −$2.2M$12.3MFY2025
Over these 5 years operating cash flow totalled $52.1M; the largest uses were net borrowing ($17.5M) and capital spending ($4.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$37.9M
Debtnone
Net cash$37.9M

Mastech Digital funds itself: free cash flow was $5.7M over the last twelve months, with $37.9M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Mastech Digital: sources (+) and uses (−) of cash, Q3 2026Mastech Digital: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$2.6MCash drawn (+) / kept (−)−$2.3MCapital spending−$224KExchange rates−$118KShares issued$30K
Mastech Digital: sources (+) and uses (−) of cash, TTM to Q3 2026Mastech Digital: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$6.1MCash drawn (+) / kept (−)−$5.2MShares issued$1.3MExchange rates−$1.1MBuybacks−$654KCapital spending−$379KOther investing−$106K

From profit to cash

Mastech Digital: net income to operating cash flow, Q3 2026Mastech Digital: net income to operating cash flow, Q3 2026Net income$7KDepreciation & amortization$817KStock-based pay$861KDeferred taxes$27KReceivables$2.1MPayables$4KAccrued liabilities$4KEmployee-related liabilities−$235KDeferred revenue$32KPrepaid and other assets−$1.1MOperating cash flow$2.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202646—1036
Q2 202648—1038
Q1 202647—1036
Q4 202542—1032
Q3 202540—931
Q2 202543—933
Q1 202544—1134
Q4 202445—1233

Every quarter

QuarterOperating cash flowCapital spendingBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$2.6M−$224K—$30K−$2.3M$2.4M
Q2 2026$2.2M−$64K—$110K−$2.1M$2.2M
Q1 2026−$3.2M−$66K—$684K$3.0M−$3.2M
Q4 2025$4.4M−$25K−$654K$520K−$3.8M$4.4M
Q3 2025$6.4M−$182K−$1.5M$422K−$4.8M$6.2M
Q2 2025$3.3M−$55K−$114K$151K−$3.3M$3.2M
Q1 2025−$2.9M−$114K—$27K$3.1M−$3.0M
Q4 2024$4.0M−$115K—$158K−$3.9M$3.9M

Mastech Digital: income statement and cash flow

Mastech Digital, Q3 2026: revenue $42.0M (-13% year over year), operating margin 0.0%. The chart follows the revenue to costs, profit and cash.

Mastech Digital: 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.