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Orion Properties cash flow, quarter by quarter

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

Free cash flow$10.0M in Q3 2026 · $26.9M over twelve months

Operating cash flow$10.0M
Free cash flow+$10.0M

Analysis

In Q3 2026, Orion Properties generated $10.0M of operating cash flow. That is $4.3M more than in Q3 2025 ($5.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was $26.9M; the largest uses were other financing ($198M), other investing ($59.1M), real estate bought ($14.8M); besides operations, cash came from net borrowing (+) / repaid (−) ($142M), asset & business sales ($109M); the cash balance rose by $1.4M.

Operating cash flow was $10.0M against net income of −$3.3M. The largest differences: depreciation & amortization +$12.5M, other non-cash −$3.0M, payables +$1.7M.

Free cash flow

Orion Properties: free cash flow by quarterOrion Properties: free cash flow by quarter$12.5MQ4 2024−$2.2MQ1 2025$11.6MQ2 2025$5.7MQ3 2025$8.5MQ4 2025−$7.7MQ1 2026$16.1MQ2 2026$10.0MQ3 2026
Operating cash flow less capital spending.
Orion Properties: operating cash flow against capital spendingOrion Properties: operating cash flow against capital spendingOperating cash flowCapital spending$12.5M$0Q4 2024−$2.2M$0Q1 2025$11.6M$0Q2 2025$5.7M$0Q3 2025$8.5M$0Q4 2025−$7.7M$0Q1 2026$16.1M$0Q2 2026$10.0M$0Q3 2026
Latest (Q3 2026): Operating cash flow $10.0M, Capital spending $0.

Capital allocation, year by year

Orion Properties: where the cash came from (up) and went (down), by fiscal yearOrion Properties: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesBuybacksDividendsFY2021: Operating cash flow $56.1MFY2021: Net borrowing $580M$636MFY2021FY2022: Operating cash flow $114MFY2022: Net borrowing $332MFY2022: Asset sales $31.9M$478MFY2022FY2023: Operating cash flow $89.1MFY2023: Net borrowing $291MFY2023: Asset sales $21.0MFY2023: Buybacks −$5.0MFY2023: Dividends −$22.6M$401MFY2023FY2024: Operating cash flow $54.3MFY2024: Net borrowing $20.7MFY2024: Asset sales $5.1MFY2024: Dividends −$22.4M$80.0MFY2024FY2025: Operating cash flow $23.6MFY2025: Net borrowing −$27.0MFY2025: Asset sales $71.5MFY2025: Dividends −$9.0M$95.1MFY2025
Over these 5 years operating cash flow totalled $337M; the largest uses were dividends ($53.9M) and net borrowing ($27.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$13.7M
Debt$436M
Net debt$423M

Orion Properties funds itself: free cash flow was $26.9M over the last twelve months, and $13.7M of cash and investments stands against $436M of debt.

Orion Properties: debt maturities by year (FY2024)Orion Properties: debt maturities by year (FY2024)$119MYear 2$355MYear 3$18.0MAfter year 5
Principal due in each year as disclosed in the annual report, against $13.7M of cash and investments now.

Where the cash came from and went

Orion Properties: sources (+) and uses (−) of cash, Q3 2026Orion Properties: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$10.0MOther investing−$8.0MDividends−$1.1MCash drawn (+) / kept (−)−$652KOther financing−$140KNet borrowing (+) / repaid (−)−$104K
Orion Properties: sources (+) and uses (−) of cash, TTM to Q3 2026Orion Properties: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing−$198MNet borrowing (+) / repaid (−)$142MAsset & business sales$109MOther investing−$59.1MOperating cash flow$26.9MReal estate bought−$14.8MDividends−$4.5MCash drawn (+) / kept (−)−$1.4MTaxes on employees’ shares−$619K

From profit to cash

Orion Properties: net income to operating cash flow, Q3 2026Orion Properties: net income to operating cash flow, Q3 2026Net income−$3.3MDepreciation & amortization$12.5MStock-based pay$804KOther non-cash−$3.0MReceivables$158KPayables$1.7MOperating cash flow$10.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$10.0M−$1.1M−$104K−$652K$10.0M
Q2 2026$16.1M−$1.1M−$35.7M−$3.0M$16.1M
Q1 2026−$7.7M−$1.1M$29.7M$106K−$7.7M
Q4 2025$8.5M−$1.1M−$18.0M$2.1M$8.5M
Q3 2025$5.7M−$1.1M—−$9.3M$5.7M
Q2 2025$11.6M−$1.1M−$22.0M−$5.0M$11.6M
Q1 2025−$2.2M−$5.6M$13.0M$8.7M−$2.2M
Q4 2024$12.5M—$14.7M−$5.6M$12.5M

Orion Properties: income statement and cash flow

Orion Properties, Q3 2026: revenue $35.4M (-4% year over year), operating margin 10.7%. The chart follows the revenue to costs, profit and cash.

Orion Properties: 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.