Latest: Q1 FY27 · from the cash-flow statements filed with the SEC
Free cash flow$6.1M in Q1 FY27 · $10.7M over twelve months
Operating cash flow$6.5M
Capital spending−$346K
Free cash flow+$6.1M
Cash / net income2.1×
Cash conversion cycle200 days
Analysis
In Q1 FY27, Pro DEX generated $6.5M of operating cash flow and spent $346K on capital projects, leaving free cash flow of $6.1M. That is $3.9M more than in Q1 FY26 ($2.2M).
Over the twelve months to Sep 30, 2026, operating cash flow was $11.4M; the largest uses were net borrowing (+) / repaid (−) ($13.1M), capital spending ($731K); besides operations, cash came from other financing ($9.1M), other investing ($4.4M); the cash balance rose by $11.2M.
Operating cash flow was $6.5M against net income of $3.0M — 2.1× profit, cash ran ahead of reported earnings. The largest differences: receivables +$3.8M, income taxes payable −$461K, inventory −$441K.
Its cash conversion cycle was 200 days (receivables 87 + inventory 146 − payables 32).
Free cash flow
Operating cash flow less capital spending.Latest (Q1 FY27): Operating cash flow $6.5M, Capital spending $346K.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $16.4M; the largest uses were buybacks ($13.6M) and net borrowing ($12.3M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$13.0M
Debt$17.5M
Net debt$4.5M
Due within a year$4.2M
Pro DEX funds itself: free cash flow was $10.7M over the last twelve months, and $13.0M of cash and investments stands against $17.5M of debt ($4.2M due within a year, 3.1× covered by cash).
Principal due in each year as disclosed in the annual report, against $13.0M of cash and investments now.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q1 FY27
87
146
32
200
Q4 FY26
91
150
32
208
Q3 FY26
84
144
30
197
Q2 FY26
89
154
29
214
Q1 FY26
86
153
30
209
Q4 FY25
84
148
34
198
Q3 FY25
89
167
45
210
Q2 FY25
87
142
40
190
Every quarter
Quarter
Operating cash flow
Capital spending
Buybacks
Net borrowing (+) / repaid (−)
Shares issued
Cash drawn (+) / kept (−)
Free cash flow
Q1 FY27
$6.5M
−$346K
−$600K
−$1.0M
$57K
−$3.6M
$6.1M
Q4 FY26
−$273K
−$203K
−$600K
—
—
$1.8M
−$476K
Q3 FY26
$1.6M
−$112K
−$601K
—
$44K
−$2.0M
$1.5M
Q2 FY26
$3.6M
−$70K
—
—
$1K
−$7.4M
$3.5M
Q1 FY26
$2.3M
−$98K
—
−$11.6M
$40K
−$95K
$2.2M
Q4 FY25
−$173K
−$93K
—
−$5.0M
—
$4.1M
−$266K
Q3 FY25
$754K
−$180K
—
$1.9M
$27K
−$4.4M
$574K
Q2 FY25
−$4.2M
−$542K
−$1.2M
$2.9M
—
$3.0M
−$4.7M
Pro DEX: income statement and cash flow
Pro DEX, Q1 FY27: revenue $20.6M (+11% year over year), operating margin 17.1%. The chart follows the revenue to costs, profit and cash.
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.