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Stagwell cash flow, quarter by quarter

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

Free cash flow$82.8M in Q3 2026 · $368M over twelve months

Operating cash flow$88.6M
Capital spending−$5.8M
Free cash flow+$82.8M
Cash / net income4.8×
Cash conversion cycle-7 days

Analysis

In Q3 2026, Stagwell generated $88.6M of operating cash flow and spent $5.8M on capital projects, leaving free cash flow of $82.8M. That is $115M more than in Q3 2025 (−$32.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $413M; the largest uses were buybacks ($120M), net borrowing (+) / repaid (−) ($115M), other investing ($95.7M); the cash balance fell by $41K.

Operating cash flow was $88.6M against net income of $18.4M — 4.8× profit, cash ran ahead of reported earnings. The largest differences: receivables −$61.2M, depreciation & amortization +$48.3M, prepaid and other assets +$36.4M.

Its cash conversion cycle was -7 days (receivables 84 + inventory 0 − payables 90): suppliers fund its working capital.

Free cash flow

Stagwell: free cash flow by quarterStagwell: free cash flow by quarter$210MQ4 2024−$65.8MQ1 2025$102MQ2 2025−$32.3MQ3 2025$243MQ4 2025−$37.2MQ1 2026$79.2MQ2 2026$82.8MQ3 2026
Operating cash flow less capital spending.
Stagwell: operating cash flow against capital spendingStagwell: operating cash flow against capital spendingOperating cash flowCapital spending$212M$2.2MQ4 2024−$60.0M$5.8MQ1 2025$115M$12.3MQ2 2025−$24.0M$8.2MQ3 2025$260M$17.4MQ4 2025−$26.5M$10.7MQ1 2026$90.2M$11.0MQ2 2026$88.6M$5.8MQ3 2026
Latest (Q3 2026): Operating cash flow $88.6M, Capital spending $5.8M.

Capital allocation, year by year

Stagwell: where the cash came from (up) and went (down), by fiscal yearStagwell: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $201MFY2021: Net borrowing $898MFY2021: Asset sales $37.2MFY2021: Capital spending −$8.8MFY2021: Acquisitions $150MFY2021: Buybacks −$841K$1.3BFY2021FY2022: Operating cash flow $348MFY2022: Net borrowing −$10.5MFY2022: Capital spending −$22.7MFY2022: Acquisitions −$74.2MFY2022: Buybacks −$70.3M$348MFY2022FY2023: Operating cash flow $81.0MFY2023: Net borrowing −$41.0MFY2023: Asset sales $229MFY2023: Capital spending −$14.2MFY2023: Acquisitions −$23.3MFY2023: Buybacks −$224M$310MFY2023FY2024: Operating cash flow $143MFY2024: Net borrowing $205MFY2024: Capital spending −$18.9MFY2024: Acquisitions −$103MFY2024: Buybacks −$108M$348MFY2024FY2025: Operating cash flow $291MFY2025: Net borrowing −$26.7MFY2025: Asset sales $10.8MFY2025: Capital spending −$43.7MFY2025: Acquisitions −$6.2MFY2025: Buybacks −$134M$302MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were buybacks ($537M) and acquisitions ($207M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$132M
Debt$1.4B
Net debt$1.3B

Stagwell funds itself: free cash flow was $368M over the last twelve months, and $132M of cash and investments stands against $1.4B of debt.

Where the cash came from and went

Stagwell: sources (+) and uses (−) of cash, Q3 2026Stagwell: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$88.6MNet borrowing (+) / repaid (−)−$37.6MCash drawn (+) / kept (−)−$22.7MOther investing−$16.6MCapital spending−$5.8MBuybacks−$2.8MAcquisitions−$1.9MPartners−$832KOther financing−$450KExchange rates$88K
Stagwell: sources (+) and uses (−) of cash, TTM to Q3 2026Stagwell: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$413MBuybacks−$120MNet borrowing (+) / repaid (−)−$115MOther investing−$95.7MCapital spending−$44.8MOther financing−$22.4MPartners−$9.0MAcquisitions−$6.3MExchange rates$44KCash drawn (+) / kept (−)$41K

From profit to cash

Stagwell: net income to operating cash flow, Q3 2026Stagwell: net income to operating cash flow, Q3 2026Net income$18.4MDepreciation & amortization$48.3MStock-based pay$28.9MDeferred taxes$814KImpairments$1.0MOther non-cash$1.2MReceivables−$61.2MAccrued liabilities$34.1MDeferred revenue−$3.9MPrepaid and other assets$36.4MOperating cash flow$88.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202684—90-7
Q2 202683—92-8
Q1 202694—105-12
Q4 202586—87-1
Q3 202596—879
Q2 202599—9010
Q1 2025103—958
Q4 202484—7211

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$88.6M−$5.8M−$1.9M−$2.8M−$37.6M−$22.7M$82.8M
Q2 2026$90.2M−$11.0M−$4.8M−$47.2M$11.0M$5.5M$79.2M
Q1 2026−$26.5M−$10.7M$355K−$40.7M$113M−$10.4M−$37.2M
Q4 2025$260M−$17.4M—−$29.1M−$201M$27.7M$243M
Q3 2025−$24.0M−$8.2M−$20.4M−$37.7M$61.3M$49.1M−$32.3M
Q2 2025$115M−$12.3M$15.3M−$56.4M$2.0M−$43.7M$102M
Q1 2025−$60.0M−$5.8M−$1.1M−$11.1M$111M−$6.3M−$65.8M
Q4 2024$212M−$2.2M−$79.5M−$7.0M−$111M$14.5M$210M

Stagwell: income statement and cash flow

Stagwell, Q3 2026: revenue $816M (+10% year over year), operating margin 5.9%. The chart follows the revenue to costs, profit and cash.

Stagwell: 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.