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Optex Systems Holdings cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$2.1M in Q3 FY26 · $1.5M over twelve months

Operating cash flow$2.3M
Capital spending−$207K
Free cash flow+$2.1M
Cash / net income1.8×
Cash conversion cycle259 days

Analysis

In Q3 FY26, Optex Systems Holdings generated $2.3M of operating cash flow and spent $207K on capital projects, leaving free cash flow of $2.1M.

Over the twelve months to Jun 28, 2026, operating cash flow was $2.6M; the largest uses were capital spending ($1.1M), taxes on employees’ shares ($151K); the cash balance rose by $1.3M.

Operating cash flow was $2.3M against net income of $1.3M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: receivables +$1.4M, inventory −$812K, payables +$447K.

Its cash conversion cycle was 259 days (receivables 47 + inventory 228 − payables 16).

Free cash flow

Optex Systems Holdings: free cash flow by quarterOptex Systems Holdings: free cash flow by quarter$545KQ4 FY24$2.5MQ1 FY25$1.1MQ2 FY25$1.4MQ3 FY25$1.5MQ4 FY25−$548KQ1 FY26−$1.6MQ2 FY26$2.1MQ3 FY26
Operating cash flow less capital spending.
Optex Systems Holdings: operating cash flow against capital spendingOptex Systems Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$753K$208KQ4 FY24$2.8M$319KQ1 FY25$1.2M$134KQ2 FY25$1.4M$0Q3 FY25$1.6M$41KQ4 FY25−$92K$456KQ1 FY26−$1.2M$393KQ2 FY26$2.3M$207KQ3 FY26
Latest (Q3 FY26): Operating cash flow $2.3M, Capital spending $207K.

Capital allocation, year by year

Optex Systems Holdings: where the cash came from (up) and went (down), by fiscal yearOptex Systems Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingBuybacksFY21: Operating cash flow $481KFY21: Net borrowing −$754KFY21: Capital spending −$274KFY21: Buybacks −$869K$481KFY21FY22: Operating cash flow $2.0MFY22: Capital spending −$257KFY22: Buybacks −$4.7M$2.0MFY22FY23: Operating cash flow −$296KFY23: Net borrowing $1.0MFY23: Capital spending −$376K$1.0MFY23FY24: Operating cash flow $1.8MFY24: Capital spending −$681K$1.8MFY24FY25: Operating cash flow $6.9MFY25: Net borrowing −$1.0MFY25: Capital spending −$494K$6.9MFY25
Over these 5 years operating cash flow totalled $10.9M; the largest uses were buybacks ($5.6M) and capital spending ($2.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.2M
Debtnone
Net cash$6.2M

Optex Systems Holdings funds itself: free cash flow was $1.5M over the last twelve months, with $6.2M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Optex Systems Holdings: sources (+) and uses (−) of cash, Q3 FY26Optex Systems Holdings: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$2.3MCash drawn (+) / kept (−)−$2.0MCapital spending−$207KTaxes on employees’ shares−$105K
Optex Systems Holdings: sources (+) and uses (−) of cash, TTM to Q3 FY26Optex Systems Holdings: sources (+) and uses (−) of cash, TTM to Q3 FY26Operating cash flow$2.6MCash drawn (+) / kept (−)−$1.3MCapital spending−$1.1MTaxes on employees’ shares−$151K

From profit to cash

Optex Systems Holdings: net income to operating cash flow, Q3 FY26Optex Systems Holdings: net income to operating cash flow, Q3 FY26Net income$1.3MDepreciation & amortization$107KStock-based pay$266KDeferred taxes$51KReceivables$1.4MInventory−$812KPayables$447KDeferred revenue−$69KContract assets$6KPrepaid and other assets−$263KOperating cash flow$2.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY264722816259
Q2 FY264722317254
Q1 FY264418919215
Q4 FY253516619182
Q3 FY253416320177
Q2 FY252517717185
Q1 FY253122116236
Q4 FY243419419209

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 FY26$2.3M−$207K—−$2.0M$2.1M
Q2 FY26−$1.2M−$393K—$1.7M−$1.6M
Q1 FY26−$92K−$456K—$548K−$548K
Q4 FY25$1.6M−$41K—−$1.5M$1.5M
Q3 FY25$1.4M——−$1.3M$1.4M
Q2 FY25$1.2M−$134K—−$1.0M$1.1M
Q1 FY25$2.8M−$319K−$1.0M−$1.5M$2.5M
Q4 FY24$753K−$208K—−$523K$545K

Optex Systems Holdings: income statement and cash flow

Optex Systems Holdings, Q3 FY26: revenue $9.7M (-12% year over year), operating margin 14.3%. The chart follows the revenue to costs, profit and cash.

Optex Systems Holdings: 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.