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Mirion Technologies cash flow, quarter by quarter

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

Free cash flow$47.3M in Q3 2026 · $168M over twelve months

Operating cash flow$59.2M
Capital spending−$11.9M
Free cash flow+$47.3M
Cash / net income7.6×
Cash conversion cycle119 days

Analysis

In Q3 2026, Mirion Technologies generated $59.2M of operating cash flow and spent $11.9M on capital projects, leaving free cash flow of $47.3M. That is $34.3M more than in Q3 2025 ($13.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $210M; the largest uses were acquisitions ($582M), buybacks ($96.8M), capital spending ($41.6M); besides operations, cash came from asset & business sales ($700K), other investing ($600K); the cash balance fell by $522M.

Operating cash flow was $59.2M against net income of $7.8M — 7.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$38.2M, payables +$8.5M, stock-based pay +$7.1M.

Its cash conversion cycle was 119 days (receivables 59 + inventory 100 − payables 40).

Free cash flow

Mirion Technologies: free cash flow by quarterMirion Technologies: free cash flow by quarter$49.1MQ4 2024$27.1MQ1 2025$3.6MQ2 2025$13.0MQ3 2025$63.2MQ4 2025$9.4MQ1 2026$48.1MQ2 2026$47.3MQ3 2026
Operating cash flow less capital spending.
Mirion Technologies: operating cash flow against capital spendingMirion Technologies: operating cash flow against capital spendingOperating cash flowCapital spending$60.8M$11.7MQ4 2024$35.6M$8.5MQ1 2025$12.4M$8.8MQ2 2025$22.3M$9.3MQ3 2025$73.0M$9.8MQ4 2025$18.9M$9.5MQ1 2026$58.5M$10.4MQ2 2026$59.2M$11.9MQ3 2026
Latest (Q3 2026): Operating cash flow $59.2M, Capital spending $11.9M.

Capital allocation, year by year

Mirion Technologies: where the cash came from (up) and went (down), by fiscal yearMirion Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2022: Operating cash flow $39.4MFY2022: Net borrowing −$6.6MFY2022: Asset sales $800KFY2022: Capital spending −$34.2MFY2022: Acquisitions −$6.6M$40.2MFY2022FY2023: Operating cash flow $95.2MFY2023: Net borrowing −$127MFY2023: Shares issued $150MFY2023: Asset sales $1.0MFY2023: Capital spending −$37.1MFY2023: Acquisitions −$31.4M$246MFY2023FY2024: Operating cash flow $99.1MFY2024: Asset sales $1.3MFY2024: Capital spending −$48.8MFY2024: Acquisitions −$1.0M$100MFY2024FY2025: Operating cash flow $143MFY2025: Net borrowing $510MFY2025: Shares issued $425MFY2025: Asset sales $1.0MFY2025: Capital spending −$36.4MFY2025: Acquisitions −$662MFY2025: Buybacks −$49.6M$1.1BFY2025
Over these 4 years operating cash flow totalled $377M; the largest uses were acquisitions ($701M) and capital spending ($156M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$409M
Debt$445M
Net debt$36.1M
Due within a year$1.2M

Mirion Technologies funds itself: free cash flow was $168M over the last twelve months, and $409M of cash and investments stands against $445M of debt ($1.2M due within a year, 340.6× covered by cash).

Mirion Technologies: debt maturities by year (FY2024)Mirion Technologies: debt maturities by year (FY2024)$1.2MYear 1$1.6MYear 2$695MYear 4
Principal due in each year as disclosed in the annual report, against $409M of cash and investments now.

Where the cash came from and went

Mirion Technologies: sources (+) and uses (−) of cash, Q3 2026Mirion Technologies: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$59.2MBuybacks−$55.8MCapital spending−$11.9MCash drawn (+) / kept (−)$10.0MOther financing−$1.3MExchange rates−$200K
Mirion Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Mirion Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Acquisitions−$582MCash drawn (+) / kept (−)$522MOperating cash flow$210MBuybacks−$96.8MCapital spending−$41.6MTaxes on employees’ shares−$6.1MExchange rates−$4.0MOther financing−$2.2MAsset & business sales$700KOther investing$600K

From profit to cash

Mirion Technologies: net income to operating cash flow, Q3 2026Mirion Technologies: net income to operating cash flow, Q3 2026Net income$7.8MDepreciation & amortization$38.2MStock-based pay$7.1MDeferred taxes−$2.7MGains on disposals$100KReceivables−$4.9MInventory−$1.3MPayables$8.5MDeferred revenue$1.1MContract assets−$3.9MPrepaid and other assets−$3.6MOther liabilities−$5.0MOperating cash flow$59.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20265910040119
Q2 20266110843126
Q1 20266310140124
Q4 2025559735117
Q3 20256011337136
Q2 20255910937131
Q1 20257311846144
Q4 20245910038121

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$59.2M−$11.9M—−$55.8M—$10.0M$47.3M
Q2 2026$58.5M−$10.4M—−$25.0M—−$20.8M$48.1M
Q1 2026$18.9M−$9.5M—−$16.0M—$14.4M$9.4M
Q4 2025$73.0M−$9.8M−$582M——$518M$63.2M
Q3 2025$22.3M−$9.3M−$79.9M—$366M−$671M$13.0M
Q2 2025$12.4M−$8.8M—−$31.0M—−$76.8M$3.6M
Q1 2025$35.6M−$8.5M—−$18.6M—−$10.6M$27.1M
Q4 2024$60.8M−$11.7M———−$41.9M$49.1M

Mirion Technologies: income statement and cash flow

Mirion Technologies, Q3 2026: revenue $278M (+24% year over year), operating margin 6.2%. The chart follows the revenue to costs, profit and cash.

Mirion Technologies: 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.