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RB Global cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$63.6M in Q2 2026 · $611M over twelve months

Operating cash flow$142M
Capital spending−$78.1M
Free cash flow+$63.6M
Cash / net income1.0×

Analysis

In Q2 2026, RB Global generated $142M of operating cash flow and spent $78.1M on capital projects, leaving free cash flow of $63.6M. That is $178M less than in Q2 2025 ($242M).

Over the twelve months to Jun 30, 2026, operating cash flow was $861M; the largest uses were acquisitions ($524M), dividends ($266M), capital spending ($250M); besides operations, cash came from net borrowing (+) / repaid (−) ($201M), asset & business sales ($6.5M); the cash balance fell by $200M.

Operating cash flow was $142M against net income of $144M — 1.0× profit, roughly in line with earnings. The largest differences: depreciation & amortization +$130M, receivables +$66.7M, inventory −$19.9M.

Free cash flow

RB Global: free cash flow by quarterRB Global: free cash flow by quarter$248MQ3 2024$128MQ4 2024$102MQ1 2025$242MQ2 2025$188MQ3 2025$186MQ4 2025$173MQ1 2026$63.6MQ2 2026
Operating cash flow less capital spending.
RB Global: operating cash flow against capital spendingRB Global: operating cash flow against capital spendingOperating cash flowCapital spending$285M$36.9MQ3 2024$184M$56.6MQ4 2024$157M$54.3MQ1 2025$326M$84.8MQ2 2025$240M$51.2MQ3 2025$255M$68.7MQ4 2025$224M$51.5MQ1 2026$142M$78.1MQ2 2026
Latest (Q2 2026): Operating cash flow $142M, Capital spending $78.1M.

Capital allocation, year by year

RB Global: where the cash came from (up) and went (down), by fiscal yearRB Global: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $318MFY2021: Net borrowing $1.1BFY2021: Shares issued $16.3MFY2021: Asset sales $1.9MFY2021: Capital spending −$9.8MFY2021: Dividends −$104M$1.4BFY2021FY2022: Operating cash flow $463MFY2022: Net borrowing −$1.1BFY2022: Shares issued $5.9MFY2022: Asset sales $166MFY2022: Capital spending −$32.0MFY2022: Dividends −$115M$634MFY2022FY2023: Operating cash flow $544MFY2023: Net borrowing $2.5BFY2023: Shares issued $43.7MFY2023: Asset sales $32.6MFY2023: Capital spending −$228MFY2023: Acquisitions −$2.8BFY2023: Dividends −$298M$3.1BFY2023FY2024: Operating cash flow $932MFY2024: Net borrowing −$466MFY2024: Shares issued $75.5MFY2024: Asset sales $2.6MFY2024: Capital spending −$167MFY2024: Acquisitions −$8.6MFY2024: Dividends −$206M$1.0BFY2024FY2025: Operating cash flow $978MFY2025: Net borrowing −$230MFY2025: Shares issued $50.5MFY2025: Asset sales $40.6MFY2025: Capital spending −$259MFY2025: Acquisitions −$193MFY2025: Dividends −$258M$1.1BFY2025
Over these 5 years operating cash flow totalled $3.2B; the largest uses were acquisitions ($3.0B) and net borrowing ($1.8B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$525M
Debt$2.9B
Net debt$2.4B
Due within a year$51.2M

RB Global funds itself: free cash flow was $611M over the last twelve months, and $525M of cash and investments stands against $2.9B of debt ($51.2M due within a year, 10.3× covered by cash).

RB Global: debt maturities by year (FY2025)RB Global: debt maturities by year (FY2025)$51.2MYear 1$51.2MYear 2$601MYear 3$51.2MYear 4$794MYear 5$800MAfter year 5
Principal due in each year as disclosed in the annual report, against $525M of cash and investments now.

Where the cash came from and went

RB Global: sources (+) and uses (−) of cash, Q2 2026RB Global: sources (+) and uses (−) of cash, Q2 2026Other financing$480MOther investing−$368MCash drawn (+) / kept (−)$204MNet borrowing (+) / repaid (−)−$160MBuybacks−$150MOperating cash flow$142MCapital spending−$78.1MDividends−$66.3MExchange rates−$3.9MAsset & business sales$900KTaxes on employees’ shares−$100KPartners−$100K
RB Global: sources (+) and uses (−) of cash, TTM to Q2 2026RB Global: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$861MAcquisitions−$524MDividends−$266MCapital spending−$250MNet borrowing (+) / repaid (−)$201MCash drawn (+) / kept (−)$200MOther financing−$114MOther investing−$82.4MTaxes on employees’ shares−$22.9MExchange rates−$8.8MAsset & business sales$6.5M

From profit to cash

RB Global: net income to operating cash flow, Q2 2026RB Global: net income to operating cash flow, Q2 2026Net income$144MDepreciation & amortization$130MStock-based pay$17.9MGains on disposals$900KReceivables$66.7MInventory−$19.9MPayables−$15.3MPrepaid and other assets−$800KOperating cash flow$142M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$142M−$78.1M—−$150M−$66.3M−$160M—$204M$63.6M
Q1 2026$224M−$51.5M——−$66.5M$124M$2.5M−$165M$173M
Q4 2025$255M−$68.7M−$29.2M——−$184M$15.1M$58.5M$186M
Q3 2025$240M−$51.2M−$164M—−$58.2M−$35.3M$8.2M$103M$188M
Q2 2025$326M−$84.8M——−$53.8M−$313M$22.9M−$134M$242M
Q1 2025$157M−$54.3M——−$53.5M$27.0M$4.3M−$13.0M$102M
Q4 2024$184M−$56.6M−$8.6M—−$53.6M−$110M$18.0M$81.3M$128M
Q3 2024$285M−$36.9M——−$53.5M−$108M$5.6M−$44.5M$248M

RB Global: income statement and cash flow

RB Global, Q2 2026: revenue $1.3B (+11% year over year), operating margin 17.1%. The chart follows the revenue to costs, profit and cash.

RB Global: 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.