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Ranger Energy Services cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$21.7M in Q1 2026 · $17.8M over twelve months

Operating cash flow−$3.4M
Capital spending−$18.3M
Free cash flow−$21.7M
Cash / net income-1.1×
Cash conversion cycle41 days

Analysis

In Q1 2026, Ranger Energy Services generated −$3.4M of operating cash flow and spent $18.3M on capital projects, leaving free cash flow of −$21.7M. That is $25.1M less than in Q1 2025 ($3.4M).

Over the twelve months to Mar 31, 2026, operating cash flow was $55.0M; the largest uses were other investing ($52.5M), capital spending ($37.2M), buybacks ($12.7M); besides operations, cash came from other financing ($26.0M), asset & business sales ($2.4M); the cash balance fell by $33.4M.

Operating cash flow was −$3.4M against net income of $3.0M — -1.1× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$42.4M, depreciation & amortization +$16.2M, accrued liabilities +$4.4M.

Its cash conversion cycle was 41 days (receivables 56 + inventory 2 − payables 17).

Free cash flow

Ranger Energy Services: free cash flow by quarterRanger Energy Services: free cash flow by quarter$6.8MQ2 2024$10.8MQ3 2024$27.3MQ4 2024$3.4MQ1 2025$14.4MQ2 2025$8.0MQ3 2025$17.1MQ4 2025−$21.7MQ1 2026
Operating cash flow less capital spending.
Ranger Energy Services: operating cash flow against capital spendingRanger Energy Services: operating cash flow against capital spendingOperating cash flowCapital spending$22.1M$15.3MQ2 2024$17.7M$6.9MQ3 2024$32.7M$5.4MQ4 2024$10.6M$7.2MQ1 2025$20.7M$6.3MQ2 2025$13.6M$5.6MQ3 2025$24.1M$7.0MQ4 2025−$3.4M$18.3MQ1 2026
Latest (Q1 2026): Operating cash flow −$3.4M, Capital spending $18.3M.

Capital allocation, year by year

Ranger Energy Services: where the cash came from (up) and went (down), by fiscal yearRanger Energy Services: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow −$39.4MFY2021: Net borrowing −$6.4MFY2021: Shares issued $42.0MFY2021: Asset sales $9.1MFY2021: Capital spending −$5.6MFY2021: Acquisitions −$39.9M$51.1MFY2021FY2022: Operating cash flow $44.5MFY2022: Net borrowing −$8.6MFY2022: Asset sales $24.3MFY2022: Capital spending −$13.8MFY2022: Acquisitions $800K$69.6MFY2022FY2023: Operating cash flow $90.8MFY2023: Net borrowing −$5.8MFY2023: Asset sales $6.8MFY2023: Capital spending −$36.5MFY2023: Buybacks −$19.3MFY2023: Dividends −$2.4M$97.6MFY2023FY2024: Operating cash flow $84.5MFY2024: Net borrowing −$5.8MFY2024: Asset sales $3.0MFY2024: Capital spending −$34.1MFY2024: Buybacks −$15.5MFY2024: Dividends −$4.5M$87.5MFY2024FY2025: Operating cash flow $69.0MFY2025: Net borrowing −$3.1MFY2025: Asset sales $2.5MFY2025: Capital spending −$26.1MFY2025: Acquisitions −$52.5MFY2025: Buybacks −$12.2MFY2025: Dividends −$5.5M$71.5MFY2025
Over these 5 years operating cash flow totalled $249M; the largest uses were capital spending ($116M) and acquisitions ($92.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.9M
Debtnone
Net cash$6.9M
Due within a year$26.8M

Ranger Energy Services funds itself: free cash flow was $17.8M over the last twelve months, with $6.9M of cash and investments and no debt on the balance sheet ($26.8M due within a year, 0.3× covered by cash).

Where the cash came from and went

Ranger Energy Services: sources (+) and uses (−) of cash, Q1 2026Ranger Energy Services: sources (+) and uses (−) of cash, Q1 2026Other financing$23.0MCapital spending−$18.3MOperating cash flow−$3.4MCash drawn (+) / kept (−)$3.4MNet borrowing (+) / repaid (−)−$2.9MTaxes on employees’ shares−$2.3MAsset & business sales$1.0MBuybacks−$500K
Ranger Energy Services: sources (+) and uses (−) of cash, TTM to Q1 2026Ranger Energy Services: sources (+) and uses (−) of cash, TTM to Q1 2026Operating cash flow$55.0MOther investing−$52.5MCapital spending−$37.2MCash drawn (+) / kept (−)$33.4MOther financing$26.0MBuybacks−$12.7MNet borrowing (+) / repaid (−)−$7.8MDividends−$4.2MAsset & business sales$2.4MTaxes on employees’ shares−$2.4M

From profit to cash

Ranger Energy Services: net income to operating cash flow, Q1 2026Ranger Energy Services: net income to operating cash flow, Q1 2026Net income$3.0MDepreciation & amortization$16.2MStock-based pay$1.6MDeferred taxes$800KGains on disposals−$600KOther non-cash$500KReceivables−$42.4MInventory−$100KPayables−$1.5MAccrued liabilities$4.4MContract assets−$2.7MPrepaid and other assets$2.8MOther liabilities−$100KOperating cash flow−$3.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 20265621741
Q4 20254931932
Q3 20255142035
Q2 20254452029
Q1 20254542129
Q4 20244842231
Q3 20244652030
Q2 20244651833

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 2026−$3.4M−$18.3M−$500K—−$2.9M$3.4M−$21.7M
Q4 2025$24.1M−$7.0M−$700K−$1.4M−$1.5M$34.9M$17.1M
Q3 2025$13.6M−$5.6M−$8.2M−$1.3M−$1.7M$3.7M$8.0M
Q2 2025$20.7M−$6.3M−$3.3M−$1.5M−$1.7M−$8.6M$14.4M
Q1 2025$10.6M−$7.2M—−$1.3M−$1.7M$600K$3.4M
Q4 2024$32.7M−$5.4M—−$1.1M−$1.5M−$26.1M$27.3M
Q3 2024$17.7M−$6.9M−$1.7M−$1.1M−$1.6M−$6.1M$10.8M
Q2 2024$22.1M−$15.3M−$5.3M−$2.3M−$1.3M$2.4M$6.8M

Ranger Energy Services: income statement and cash flow

Ranger Energy Services, Q2 2026: revenue $176M (+26% year over year), operating margin 6.7%. The chart follows the revenue to costs, profit and cash.

Ranger Energy Services: 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.