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Nano Dimension cash flow, quarter by quarter

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

Free cash flow−$24.5M in Q3 2026 · −$67.8M over twelve months

Operating cash flow−$24.1M
Capital spending−$379K
Free cash flow−$24.5M
Cash conversion cycle173 days

Analysis

In Q3 2026, Nano Dimension generated −$24.1M of operating cash flow and spent $379K on capital projects, leaving free cash flow of −$24.5M. That is $16.4M less than in Q3 2025 (−$8.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$66.8M; the largest uses were operating cash flow ($66.8M), other financing ($30.9M), capital spending ($984K); besides operations, cash came from other investing ($108M); the cash balance rose by $15.2M.

Operating cash flow was −$24.1M against net income of −$38.7M. The largest differences: other liabilities +$11.7M, depreciation & amortization +$4.8M, gains on investments +$2.4M.

Its cash conversion cycle was 173 days (receivables 74 + inventory 153 − payables 54).

Free cash flow

Nano Dimension: free cash flow by quarterNano Dimension: free cash flow by quarter−$7.8MQ1 2025−$8.2MQ3 2025−$12.1MQ4 2025−$7.2MQ1 2026−$24.5MQ3 2026
Operating cash flow less capital spending.
Nano Dimension: operating cash flow against capital spendingNano Dimension: operating cash flow against capital spendingOperating cash flowCapital spending−$7.5M$295KQ1 2025−$7.9M$211KQ3 2025−$11.7M$392KQ4 2025−$7.1M$167KQ1 2026−$24.1M$379KQ3 2026
Latest (Q3 2026): Operating cash flow −$24.1M, Capital spending $379K.

Capital allocation, year by year

Nano Dimension: where the cash came from (up) and went (down), by fiscal yearNano Dimension: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$42.6MFY2021: Capital spending −$9.8MFY2021FY2022: Operating cash flow −$79.0MFY2022: Net borrowing −$406KFY2022: Capital spending −$9.4MFY2022: Acquisitions −$31.1MFY2022FY2023: Operating cash flow −$68.7MFY2023: Net borrowing −$536KFY2023: Capital spending −$9.1MFY2023: Buybacks −$96.4MFY2023FY2024: Operating cash flow −$18.9MFY2024: Net borrowing −$180KFY2024: Capital spending −$2.2MFY2024: Buybacks −$69.8MFY2024FY2025: Operating cash flow −$70.3MFY2025: Net borrowing −$149KFY2025: Capital spending −$1.1MFY2025: Acquisitions −$268MFY2025
Over these 5 years operating cash flow totalled −$279M; the largest uses were acquisitions ($299M) and operating cash flow ($279M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$315M
Debtnone
Net cash$315M
Cash runway4.6 years

Nano Dimension is burning cash: its operations consume cash, a free cash flow of −$67.8M a year at the current rate against $315M of cash and investments: a runway of about 4.6 years before any new financing.

Where the cash came from and went

Nano Dimension: sources (+) and uses (−) of cash, Q3 2026Nano Dimension: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$34.0MOperating cash flow−$24.1MOther financing−$11.1MExchange rates$1.6MCapital spending−$379KNet borrowing (+) / repaid (−)−$38K
Nano Dimension: sources (+) and uses (−) of cash, TTM to Q3 2026Nano Dimension: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$108MOperating cash flow−$66.8MOther financing−$30.9MCash drawn (+) / kept (−)−$15.2MExchange rates$5.4MCapital spending−$984KNot reconciled$928KNet borrowing (+) / repaid (−)−$157KAcquisitions−$10K

From profit to cash

Nano Dimension: net income to operating cash flow, Q3 2026Nano Dimension: net income to operating cash flow, Q3 2026Net income−$38.7MDepreciation & amortization$4.8MStock-based pay$611KGains on investments$2.4MOther non-cash$336KInventory−$2.3MPrepaid and other assets$744KOther liabilities$11.7MOperating cash flow−$24.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20267415354173
Q2 20267217467179
Q1 20267416564175

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$24.1M−$379K—−$38K$34.0M−$24.5M
Q1 2026−$7.1M−$167K—−$41K−$151M−$7.2M
Q4 2025−$11.7M−$392K−$10K−$38K$94.7M−$12.1M
Q3 2025−$7.9M−$211K—−$39K−$115M−$8.2M
Q1 2025−$7.5M−$295K—−$35K−$170M−$7.8M

Nano Dimension: income statement and cash flow

Nano Dimension, Q3 2026: revenue $31.9M (+19% year over year), operating margin -122.1%. The chart follows the revenue to costs, profit and cash.

Nano Dimension: 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.