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Movado Group cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$1.6M in Q2 FY27 · $71.4M over twelve months

Operating cash flow−$417K
Capital spending−$1.2M
Free cash flow−$1.6M
Cash / net income-0.0×
Cash conversion cycle256 days

Analysis

In Q2 FY27, Movado Group generated −$417K of operating cash flow and spent $1.2M on capital projects, leaving free cash flow of −$1.6M. That is $3.5M more than in Q2 FY26 (−$5.1M).

Over the twelve months to Jul 31, 2026, operating cash flow was $75.5M; the largest uses were dividends ($32.1M), capital spending ($4.0M), buybacks ($3.8M); besides operations, cash came from other financing ($116K); the cash balance rose by $31.1M.

Operating cash flow was −$417K against net income of $12.5M — -0.0× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$17.1M, receivables −$14.6M, payables +$5.6M.

Its cash conversion cycle was 256 days (receivables 47 + inventory 253 − payables 44).

Free cash flow

Movado Group: free cash flow by quarterMovado Group: free cash flow by quarter−$7.2MQ3 FY25$37.5MQ4 FY25−$8.7MQ1 FY26−$5.1MQ2 FY26$11.6MQ3 FY26$55.7MQ4 FY26$5.8MQ1 FY27−$1.6MQ2 FY27
Operating cash flow less capital spending.
Movado Group: operating cash flow against capital spendingMovado Group: operating cash flow against capital spendingOperating cash flowCapital spending−$4.7M$2.5MQ3 FY25$39.1M$1.6MQ4 FY25−$7.2M$1.5MQ1 FY26−$3.8M$1.3MQ2 FY26$12.3M$686KQ3 FY26$56.7M$1.0MQ4 FY26$7.0M$1.2MQ1 FY27−$417K$1.2MQ2 FY27
Latest (Q2 FY27): Operating cash flow −$417K, Capital spending $1.2M.

Capital allocation, year by year

Movado Group: where the cash came from (up) and went (down), by fiscal yearMovado Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY22: Operating cash flow $131MFY22: Net borrowing −$121KFY22: Shares issued $3.5MFY22: Capital spending −$5.7MFY22: Buybacks −$22.6MFY22: Dividends −$22.0M$134MFY22FY23: Operating cash flow $54.3MFY23: Net borrowing −$49KFY23: Shares issued $1.6MFY23: Capital spending −$7.1MFY23: Buybacks −$31.4MFY23: Dividends −$31.4M$55.9MFY23FY24: Operating cash flow $76.8MFY24: Shares issued $700KFY24: Capital spending −$8.2MFY24: Buybacks −$3.1MFY24: Dividends −$53.1M$77.5MFY24FY25: Operating cash flow −$1.5MFY25: Shares issued $100KFY25: Capital spending −$8.0MFY25: Buybacks −$2.6MFY25: Dividends −$31.1M$100KFY25FY26: Operating cash flow $57.9MFY26: Shares issued $500KFY26: Capital spending −$4.5MFY26: Buybacks −$3.9MFY26: Dividends −$31.1M$58.4MFY26
Over these 5 years operating cash flow totalled $318M; the largest uses were dividends ($169M) and buybacks ($63.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$212M
Debtnone
Net cash$212M

Movado Group funds itself: free cash flow was $71.4M over the last twelve months, with $212M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Movado Group: sources (+) and uses (−) of cash, Q2 FY27Movado Group: sources (+) and uses (−) of cash, Q2 FY27Cash drawn (+) / kept (−)$13.7MDividends−$8.9MExchange rates−$2.5MShares issued$1.4MCapital spending−$1.2MOther financing−$1.1MOther investing−$666KOperating cash flow−$417KTaxes on employees’ shares−$300K
Movado Group: sources (+) and uses (−) of cash, TTM to Q2 FY27Movado Group: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$75.5MDividends−$32.1MCash drawn (+) / kept (−)−$31.1MCapital spending−$4.0MBuybacks−$3.8MOther investing−$2.9MTaxes on employees’ shares−$1.2MExchange rates−$393KOther financing$116K

From profit to cash

Movado Group: net income to operating cash flow, Q2 FY27Movado Group: net income to operating cash flow, Q2 FY27Net income$12.5MDepreciation & amortization$2.2MStock-based pay$1.4MOther non-cash$71KReceivables−$14.6MInventory−$17.1MPayables$5.6MAccrued liabilities$5.4MEmployee-related liabilities$3.5MPrepaid and other assets$1.1MOther liabilities−$45KIncome taxes payable−$1.8MOperating cash flow−$417K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY274725344256
Q1 FY275724938268
Q4 FY265318625213
Q3 FY265322134240
Q2 FY265224842258
Q1 FY266125550266
Q4 FY255318435201
Q3 FY255119736212

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27−$417K−$1.2M—−$8.9M$1.4M$13.7M−$1.6M
Q1 FY27$7.0M−$1.2M−$1.5M−$7.7M$1.1M$5.3M$5.8M
Q4 FY26$56.7M−$1.0M−$2.3M−$7.7M—−$46.7M$55.7M
Q3 FY26$12.3M−$686K—−$7.7M—−$3.4M$11.6M
Q2 FY26−$3.8M−$1.3M−$1.6M−$15.6M—$22.6M−$5.1M
Q1 FY26−$7.2M−$1.5M———$5.3M−$8.7M
Q4 FY25$39.1M−$1.6M—−$7.8M—−$26.9M$37.5M
Q3 FY25−$4.7M−$2.5M−$1.5M−$7.8M—$16.7M−$7.2M

Movado Group: income statement and cash flow

Movado Group, Q2 FY27: revenue $170M (+5% year over year), operating margin 8.8%. The chart follows the revenue to costs, profit and cash.

Movado Group: 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.