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Mammoth Energy Services cash flow, quarter by quarter

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

Free cash flow−$41.8M in Q3 2026 · −$143M over twelve months

Operating cash flow$91K
Capital spending−$41.8M
Free cash flow−$41.8M
Cash / net income0.7×

Analysis

In Q3 2026, Mammoth Energy Services generated $91K of operating cash flow and spent $41.8M on capital projects, leaving free cash flow of −$41.8M. That is $25.2M less than in Q3 2025 (−$16.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$19.4M; the largest uses were capital spending ($123M), operating cash flow ($19.4M), other financing ($727K); besides operations, cash came from other investing ($29.0M), asset & business sales ($12.1M); the cash balance fell by $103M.

Operating cash flow was $91K against net income of $126K — 0.7× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$5.6M, inventory −$3.7M, payables −$2.1M.

Free cash flow

Mammoth Energy Services: free cash flow by quarterMammoth Energy Services: free cash flow by quarter$131MQ4 2024−$489KQ1 2025−$39.4MQ2 2025−$16.6MQ3 2025−$35.4MQ4 2025−$14.7MQ1 2026−$51.0MQ2 2026−$41.8MQ3 2026
Operating cash flow less capital spending.
Mammoth Energy Services: operating cash flow against capital spendingMammoth Energy Services: operating cash flow against capital spendingOperating cash flowCapital spending$141M$10.9MQ4 2024$2.7M$3.2MQ1 2025−$12.5M$26.9MQ2 2025$730K$17.3MQ3 2025−$9.5M$25.9MQ4 2025−$3.0M$11.7MQ1 2026−$7.0M$44.0MQ2 2026$91K$41.8MQ3 2026
Latest (Q3 2026): Operating cash flow $91K, Capital spending $41.8M.

Capital allocation, year by year

Mammoth Energy Services: where the cash came from (up) and went (down), by fiscal yearMammoth Energy Services: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow −$18.9MFY2021: Net borrowing $8.4MFY2021: Asset sales $11.3MFY2021: Capital spending −$5.8M$19.7MFY2021FY2022: Operating cash flow $15.3MFY2022: Net borrowing −$4.1MFY2022: Asset sales $10.6MFY2022: Capital spending −$12.7M$25.9MFY2022FY2023: Operating cash flow $31.4MFY2023: Net borrowing −$288MFY2023: Asset sales $10.6MFY2023: Capital spending −$19.4M$42.0MFY2023FY2024: Operating cash flow $181MFY2024: Net borrowing −$383KFY2024: Asset sales $5.1MFY2024: Capital spending −$1.2M$186MFY2024FY2025: Operating cash flow −$18.6MFY2025: Net borrowing −$214KFY2025: Asset sales $8.0MFY2025: Capital spending −$70.6M$8.0MFY2025
Over these 5 years operating cash flow totalled $190M; the largest uses were net borrowing ($293M) and capital spending ($110M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$37.6M
Debtnone
Net cash$37.6M
Cash runway3 months

Mammoth Energy Services is burning cash: its operations consume cash, a free cash flow of −$143M a year at the current rate against $37.6M of cash and investments: a runway of about 3 months before any new financing.

Where the cash came from and went

Mammoth Energy Services: sources (+) and uses (−) of cash, Q3 2026Mammoth Energy Services: sources (+) and uses (−) of cash, Q3 2026Capital spending−$41.8MCash drawn (+) / kept (−)$37.8MOther investing$2.8MAsset & business sales$1.2MOperating cash flow$91KExchange rates$72KAcquisitions−$57KOther financing−$36KNet borrowing (+) / repaid (−)−$27K
Mammoth Energy Services: sources (+) and uses (−) of cash, TTM to Q3 2026Mammoth Energy Services: sources (+) and uses (−) of cash, TTM to Q3 2026Capital spending−$123MCash drawn (+) / kept (−)$103MOther investing$29.0MOperating cash flow−$19.4MAsset & business sales$12.1MOther financing−$727KNet borrowing (+) / repaid (−)−$71KExchange rates−$3K

From profit to cash

Mammoth Energy Services: net income to operating cash flow, Q3 2026Mammoth Energy Services: net income to operating cash flow, Q3 2026Net income$126KDepreciation & amortization$5.6MGains on disposals−$312KOther non-cash−$819KReceivables$777KInventory−$3.7MPayables−$2.1MPrepaid and other assets$706KIncome taxes payable$931KOperating cash flow$91K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$91K−$41.8M−$57K—−$27K$37.8M−$41.8M
Q2 2026−$7.0M−$44.0M—−$130K−$23K$42.0M−$51.0M
Q1 2026−$3.0M−$11.7M—−$404K−$10K$9.3M−$14.7M
Q4 2025−$9.5M−$25.9M——−$11K$13.6M−$35.4M
Q3 2025$730K−$17.3M——−$65K$29.7M−$16.6M
Q2 2025−$12.5M−$26.9M——−$70K−$79.1M−$39.4M
Q1 2025$2.7M−$3.2M——−$68K$4.1M−$489K
Q4 2024$141M−$10.9M——−$71K−$76.2M$131M

Mammoth Energy Services: income statement and cash flow

Mammoth Energy Services, Q3 2026: revenue $21.3M (+97% year over year), operating margin -2.0%. The chart follows the revenue to costs, profit and cash.

Mammoth 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.