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Vicor cash flow, quarter by quarter

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

Free cash flow$34.0M in Q3 2026 · $50.8M over twelve months

Operating cash flow$50.2M
Capital spending−$16.1M
Free cash flow+$34.0M
Cash / net income0.8×
Cash conversion cycle173 days

Analysis

In Q3 2026, Vicor generated $50.2M of operating cash flow and spent $16.1M on capital projects, leaving free cash flow of $34.0M. That is $439K less than in Q3 2025 ($34.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $96.1M; the largest uses were capital spending ($45.2M), buybacks ($2.2M); besides operations, cash came from shares issued ($79.6M), other investing ($22.6M); the cash balance rose by $151M.

Operating cash flow was $50.2M against net income of $63.3M — 0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: deferred taxes +$15.3M, depreciation & amortization +$5.5M, stock-based pay +$5.3M.

Its cash conversion cycle was 173 days (receivables 47 + inventory 159 − payables 33).

Free cash flow

Vicor: free cash flow by quarterVicor: free cash flow by quarter$8.4MQ4 2024$15.6MQ1 2025$59.0MQ2 2025$34.5MQ3 2025$10.2MQ4 2025−$16.3MQ1 2026$23.0MQ2 2026$34.0MQ3 2026
Operating cash flow less capital spending.
Vicor: operating cash flow against capital spendingVicor: operating cash flow against capital spendingOperating cash flowCapital spending$10.1M$1.7MQ4 2024$20.1M$4.5MQ1 2025$65.2M$6.2MQ2 2025$38.5M$4.0MQ3 2025$15.7M$5.5MQ4 2025−$3.9M$12.4MQ1 2026$34.1M$11.2MQ2 2026$50.2M$16.1MQ3 2026
Latest (Q3 2026): Operating cash flow $50.2M, Capital spending $16.1M.

Capital allocation, year by year

Vicor: where the cash came from (up) and went (down), by fiscal yearVicor: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksFY2021: Operating cash flow $54.4MFY2021: Shares issued $10.2MFY2021: Capital spending −$47.8M$64.7MFY2021FY2022: Operating cash flow $22.9MFY2022: Shares issued $4.4MFY2022: Capital spending −$64.0M$27.4MFY2022FY2023: Operating cash flow $74.5MFY2023: Shares issued $10.6MFY2023: Capital spending −$33.5M$85.1MFY2023FY2024: Operating cash flow $50.8MFY2024: Shares issued $8.5MFY2024: Capital spending −$23.6MFY2024: Buybacks −$497K$59.3MFY2024FY2025: Operating cash flow $140MFY2025: Shares issued $41.5MFY2025: Capital spending −$20.3MFY2025: Buybacks −$35.2M$181MFY2025
Over these 5 years operating cash flow totalled $342M; the largest uses were capital spending ($189M) and buybacks ($35.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$513M
Debtnone
Net cash$513M

Vicor funds itself: free cash flow was $50.8M over the last twelve months, with $513M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Vicor: sources (+) and uses (−) of cash, Q3 2026Vicor: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$59.6MOperating cash flow$50.2MOther investing$22.6MCapital spending−$16.1MShares issued$2.9MExchange rates$74K
Vicor: sources (+) and uses (−) of cash, TTM to Q3 2026Vicor: sources (+) and uses (−) of cash, TTM to Q3 2026Cash drawn (+) / kept (−)−$151MOperating cash flow$96.1MShares issued$79.6MCapital spending−$45.2MOther investing$22.6MBuybacks−$2.2MExchange rates−$115K

From profit to cash

Vicor: net income to operating cash flow, Q3 2026Vicor: net income to operating cash flow, Q3 2026Net income$63.3MDepreciation & amortization$5.5MStock-based pay$5.3MDeferred taxes$15.3MPrepaid and other assets$16KIncome taxes payable$11KOperating cash flow$50.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20264715933173
Q2 20264615128169
Q1 20265116626191
Q4 20254917727199
Q3 20254518432198
Q2 20253918031188
Q1 20255718623219
Q4 20245321325241

Every quarter

QuarterOperating cash flowCapital spendingBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$50.2M−$16.1M—$2.9M−$59.6M$34.0M
Q2 2026$34.1M−$11.2M—$26.4M−$49.3M$23.0M
Q1 2026−$3.9M−$12.4M—$17.8M−$1.4M−$16.3M
Q4 2025$15.7M−$5.5M−$2.2M$32.6M−$40.4M$10.2M
Q3 2025$38.5M−$4.0M−$15.4M$4.8M−$23.8M$34.5M
Q2 2025$65.2M−$6.2M—$974K−$42.4M$59.0M
Q1 2025$20.1M−$4.5M—$3.2M−$18.8M$15.6M
Q4 2024$10.1M−$1.7M—$1.4M−$9.7M$8.4M

Vicor: income statement and cash flow

Vicor, Q3 2026: revenue $197M (+78% year over year), operating margin 36.6%. The chart follows the revenue to costs, profit and cash.

Vicor: 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.