Maxlinear cash flow, quarter by quarter

In Q3 2026, Maxlinear generated −$13.6M of operating cash flow and spent $5.9M on capital projects, leaving free cash flow of −$19.5M. That is $23.9M less than in Q3 2025 ($4.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$7.2M; the largest uses were capital spending ($13.4M), taxes on employees’ shares ($7.5M), other investing ($7.4M); besides operations, cash came from other financing ($27.5M), shares issued ($5.2M); the cash balance fell by $3.4M.

Operating cash flow was −$13.6M against net income of $28.9M — -0.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: prepaid and other assets −$45.7M, receivables −$22.3M, stock-based pay +$19.8M.

Its cash conversion cycle was 99 days (receivables 26 + inventory 112 − payables 39).

Maxlinear is burning cash: its operations consume cash, a free cash flow of −$20.6M a year at the current rate against $81.1M of cash and investments: a runway of about 3.9 years before any new financing.