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SharkNinja cash flow, quarter by quarter

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

Free cash flow−$210M in Q3 2026 · $509M over twelve months

Operating cash flow−$168M
Capital spending−$41.6M
Free cash flow−$210M
Cash / net income-0.5×
Cash conversion cycle136 days

Analysis

In Q3 2026, SharkNinja generated −$168M of operating cash flow and spent $41.6M on capital projects, leaving free cash flow of −$210M. That is $296M less than in Q3 2025 ($86.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $694M; the largest uses were capital spending ($186M), other financing ($170M), taxes on employees’ shares ($67.9M); besides operations, cash came from shares issued ($15.6M); the cash balance rose by $224M.

Operating cash flow was −$168M against net income of $338M — -0.5× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$535M, inventory −$295M, prepaid and other assets −$190M.

Its cash conversion cycle was 136 days (receivables 86 + inventory 147 − payables 97).

Free cash flow

SharkNinja: free cash flow by quarterSharkNinja: free cash flow by quarter−$87.5MQ1 2025−$36.5MQ2 2025$86.2MQ3 2025$526MQ4 2025−$190MQ1 2026$383MQ2 2026−$210MQ3 2026
Operating cash flow less capital spending.
SharkNinja: operating cash flow against capital spendingSharkNinja: operating cash flow against capital spendingOperating cash flowCapital spending−$54.9M$32.7MQ1 2025−$9.1M$27.4MQ2 2025$111M$24.8MQ3 2025$587M$61.1MQ4 2025−$156M$33.9MQ1 2026$432M$49.1MQ2 2026−$168M$41.6MQ3 2026
Latest (Q3 2026): Operating cash flow −$168M, Capital spending $41.6M.

Capital allocation, year by year

SharkNinja: where the cash came from (up) and went (down), by fiscal yearSharkNinja: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingDividendsFY2021: Operating cash flow $229MFY2021: Net borrowing −$12.5MFY2021: Capital spending −$48.0M$229MFY2021FY2022: Operating cash flow $205MFY2022: Net borrowing −$50.1MFY2022: Capital spending −$80.3M$205MFY2022FY2023: Operating cash flow $281MFY2023: Net borrowing $358MFY2023: Capital spending −$123MFY2023: Dividends −$150M$639MFY2023FY2024: Operating cash flow $447MFY2024: Net borrowing −$25.3MFY2024: Shares issued $5.5MFY2024: Capital spending −$138M$452MFY2024FY2025: Operating cash flow $634MFY2025: Net borrowing −$40.5MFY2025: Shares issued $14.8MFY2025: Capital spending −$146M$649MFY2025
Over these 5 years operating cash flow totalled $1.8B; the largest uses were capital spending ($535M) and dividends ($150M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$488M
Debt$707M
Net debt$219M
Due within a year$40.5M
Cash runway7 months

SharkNinja is burning cash: its operations consume cash, a free cash flow of −$839M a year at the current rate against $488M of cash and investments: a runway of about 7 months; $40.5M of debt also comes due within a year, which would need refinancing or new money before any new financing.

SharkNinja: debt maturities by year (FY2025)SharkNinja: debt maturities by year (FY2025)$40.5MYear 1$40.5MYear 2$658MYear 3
Principal due in each year as disclosed in the annual report, against $488M of cash and investments now.

Where the cash came from and went

SharkNinja: sources (+) and uses (−) of cash, Q3 2026SharkNinja: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$292MOperating cash flow−$168MBuybacks−$50.5MCapital spending−$41.6MTaxes on employees’ shares−$18.2MNet borrowing (+) / repaid (−)−$10.1MShares issued$7.5MExchange rates−$6.7MOther investing−$4.3M
SharkNinja: sources (+) and uses (−) of cash, TTM to Q3 2026SharkNinja: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$694MCash drawn (+) / kept (−)−$224MCapital spending−$186MOther financing−$170MTaxes on employees’ shares−$67.9MNet borrowing (+) / repaid (−)−$40.5MShares issued$15.6MOther investing−$15.1MExchange rates−$7.0M

From profit to cash

SharkNinja: net income to operating cash flow, Q3 2026SharkNinja: net income to operating cash flow, Q3 2026Net income$338MDepreciation & amortization$40.9MStock-based pay$42.0MDeferred taxes$21.9MOther non-cash$598KReceivables−$535MInventory−$295MPayables$178MAccrued liabilities$189MPrepaid and other assets−$190MIncome taxes payable$24.6MOperating cash flow−$168M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20268614797136
Q2 20267910968121
Q1 202610012879149

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$168M−$41.6M−$50.5M−$10.1M$7.5M$292M−$210M
Q2 2026$432M−$49.1M−$101M−$10.1M—−$268M$383M
Q1 2026−$156M−$33.9M−$18.5M−$10.1M$8.1M$266M−$190M
Q4 2025$587M−$61.1M—−$10.1M—−$513M$526M
Q3 2025$111M−$24.8M—−$10.1M$7.4M−$75.6M$86.2M
Q2 2025−$9.1M−$27.4M—−$10.1M—$36.5M−$36.5M
Q1 2025−$54.9M−$32.7M—−$10.1M$7.4M$139M−$87.5M

SharkNinja: income statement and cash flow

SharkNinja, Q3 2026: revenue $2.0B (+21% year over year), operating margin 22.4%. The chart follows the revenue to costs, profit and cash.

SharkNinja: 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.