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Ribbon Communications cash flow, quarter by quarter

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

Free cash flow−$15.5M in Q3 2026 · −$29.1M over twelve months

Operating cash flow−$14.4M
Capital spending−$1.1M
Free cash flow−$15.5M
Cash conversion cycle95 days

Analysis

In Q3 2026, Ribbon Communications generated −$14.4M of operating cash flow and spent $1.1M on capital projects, leaving free cash flow of −$15.5M. That is $36.5M less than in Q3 2025 ($21.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$18.7M; the largest uses were operating cash flow ($18.7M), capital spending ($10.4M), buybacks ($4.0M); the cash balance fell by $34.4M.

Operating cash flow was −$14.4M against net income of −$9.1M. The largest differences: receivables −$25.6M, depreciation & amortization +$14.0M, accrued liabilities −$7.4M.

Its cash conversion cycle was 95 days (receivables 98 + inventory 71 − payables 74).

Free cash flow

Ribbon Communications: free cash flow by quarterRibbon Communications: free cash flow by quarter$53.8MQ4 2024−$15.7MQ1 2025−$6.5MQ2 2025$21.0MQ3 2025$27.3MQ4 2025−$25.1MQ1 2026−$15.8MQ2 2026−$15.5MQ3 2026
Operating cash flow less capital spending.
Ribbon Communications: operating cash flow against capital spendingRibbon Communications: operating cash flow against capital spendingOperating cash flowCapital spending$61.8M$8.0MQ4 2024−$3.5M$12.1MQ1 2025−$795K$5.7MQ2 2025$26.5M$5.5MQ3 2025$29.2M$2.0MQ4 2025−$22.0M$3.1MQ1 2026−$11.5M$4.3MQ2 2026−$14.4M$1.1MQ3 2026
Latest (Q3 2026): Operating cash flow −$14.4M, Capital spending $1.1M.

Capital allocation, year by year

Ribbon Communications: where the cash came from (up) and went (down), by fiscal yearRibbon Communications: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow $19.2MFY2021: Net borrowing $73.7MFY2021: Shares issued $24KFY2021: Asset sales $2.9MFY2021: Capital spending −$17.1M$95.9MFY2021FY2022: Operating cash flow −$26.4MFY2022: Shares issued $1KFY2022: Asset sales $1.4MFY2022: Capital spending −$10.3M$1.4MFY2022FY2023: Operating cash flow $17.1MFY2023: Shares issued $15KFY2023: Capital spending −$9.4M$17.1MFY2023FY2024: Operating cash flow $50.2MFY2024: Net borrowing $342MFY2024: Shares issued $21KFY2024: Capital spending −$22.4M$393MFY2024FY2025: Operating cash flow $51.4MFY2025: Shares issued $6KFY2025: Capital spending −$25.3MFY2025: Buybacks −$9.0M$51.4MFY2025
Over these 5 years operating cash flow totalled $112M; the largest uses were capital spending ($84.5M) and operating cash flow ($26.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$40.4M
Debt$351M
Net debt$310M
Due within a year$8.8M
Cash runway17 months

Ribbon Communications is burning cash: its operations consume cash, a free cash flow of −$29.1M a year at the current rate against $40.4M of cash and investments: a runway of about 17 months; $8.8M of debt also comes due within a year, which the cash covers before any new financing.

Ribbon Communications: debt maturities by year (FY2025)Ribbon Communications: debt maturities by year (FY2025)$8.8MYear 1$13.1MYear 2$17.5MYear 3$303MYear 4
Principal due in each year as disclosed in the annual report, against $40.4M of cash and investments now.

Where the cash came from and went

Ribbon Communications: sources (+) and uses (−) of cash, Q3 2026Ribbon Communications: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$15.0MOperating cash flow−$14.4MCash drawn (+) / kept (−)$3.1MOther financing−$2.2MCapital spending−$1.1MExchange rates−$317KTaxes on employees’ shares−$110K
Ribbon Communications: sources (+) and uses (−) of cash, TTM to Q3 2026Ribbon Communications: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)$34.4MOperating cash flow−$18.7MCapital spending−$10.4MBuybacks−$4.0MOther investing−$553KExchange rates−$351KOther financing−$346K

From profit to cash

Ribbon Communications: net income to operating cash flow, Q3 2026Ribbon Communications: net income to operating cash flow, Q3 2026Net income−$9.1MDepreciation & amortization$14.0MStock-based pay$5.7MReceivables−$25.6MInventory−$172KPayables$6.9MAccrued liabilities−$7.4MDeferred revenue−$3.6MPrepaid and other assets$2.5MOperating cash flow−$14.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202698717495
Q2 20261007673103
Q1 20261217876122
Q4 202591696892
Q3 2025100697198
Q2 202598656994
Q1 20251197277115
Q4 202492656988

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$14.4M−$1.1M—$15.0M—$3.1M−$15.5M
Q2 2026−$11.5M−$4.3M———$24.1M−$15.8M
Q1 2026−$22.0M−$3.1M−$824K——$28.5M−$25.1M
Q4 2025$29.2M−$2.0M−$3.2M——−$21.4M$27.3M
Q3 2025$26.5M−$5.5M−$3.5M——−$14.5M$21.0M
Q2 2025−$795K−$5.7M−$2.3M—$5K$11.5M−$6.5M
Q1 2025−$3.5M−$12.1M——$1K$16.7M−$15.7M
Q4 2024$61.8M−$8.0M——$4K−$50.4M$53.8M

Ribbon Communications: income statement and cash flow

Ribbon Communications, Q3 2026: revenue $219M (+2% year over year), operating margin 2.6%. The chart follows the revenue to costs, profit and cash.

Ribbon Communications: 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.