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Vulcan Infrastructure & Power cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$4.3M in Q2 2026 · −$20.2M over twelve months

Operating cash flow−$4.3M
Free cash flow−$4.3M

Analysis

In Q2 2026, Vulcan Infrastructure & Power generated −$4.3M of operating cash flow. That is $456K more than in Q2 2025 (−$4.8M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$20.2M; the largest uses were operating cash flow ($20.2M), net borrowing (+) / repaid (−) ($8.9M), other financing ($881K); besides operations, cash came from asset & business sales ($22.3M), other investing ($7.5M); the cash balance fell by $200K.

Operating cash flow was −$4.3M against net income of −$9.9M. The largest differences: payables +$1.4M, gains on disposals −$1.2M, depreciation & amortization +$1.1M.

Free cash flow

Vulcan Infrastructure & Power: free cash flow by quarterVulcan Infrastructure & Power: free cash flow by quarter−$1.9MQ3 2024−$3.7MQ4 2024−$5.7MQ1 2025−$4.8MQ2 2025$120KQ3 2025−$4.6MQ4 2025−$11.4MQ1 2026−$4.3MQ2 2026
Operating cash flow less capital spending.
Vulcan Infrastructure & Power: operating cash flow against capital spendingVulcan Infrastructure & Power: operating cash flow against capital spendingOperating cash flowCapital spending−$1.9M$0Q3 2024−$3.7M$0Q4 2024−$5.7M$0Q1 2025−$4.8M$0Q2 2025$120K$0Q3 2025−$4.6M$0Q4 2025−$11.4M$0Q1 2026−$4.3M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$4.3M, Capital spending $0.

Capital allocation, year by year

Vulcan Infrastructure & Power: where the cash came from (up) and went (down), by fiscal yearVulcan Infrastructure & Power: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesFY2021: Operating cash flow $40.1MFY2021: Net borrowing $88.6MFY2021: Shares issued $85.6M$214MFY2021FY2022: Operating cash flow −$14.5MFY2022: Net borrowing $52.8MFY2022: Shares issued $9.5MFY2022: Asset sales $11.1M$73.5MFY2022FY2023: Operating cash flow −$12.2MFY2023: Net borrowing −$6.8MFY2023: Shares issued $20.6MFY2023: Asset sales $7.0M$27.6MFY2023FY2024: Operating cash flow −$12.0MFY2024: Shares issued $5.2MFY2024: Asset sales $3.1M$8.3MFY2024FY2025: Operating cash flow −$15.0MFY2025: Net borrowing −$9.9MFY2025: Asset sales $700K$700KFY2025
Over these 5 years operating cash flow totalled −$13.6M; the largest uses were operating cash flow ($53.7M) and net borrowing ($16.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3.2M
Debt$43.1M
Net debt$39.9M
Due within a year$36.7M
Cash runway2 months

Vulcan Infrastructure & Power is burning cash: its operations consume cash, a free cash flow of −$20.2M a year at the current rate against $3.2M of cash and investments: a runway of about 2 months; $36.7M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Vulcan Infrastructure & Power: debt maturities by year (FY2025)Vulcan Infrastructure & Power: debt maturities by year (FY2025)$36.7MYear 1$2.3MYear 5
Principal due in each year as disclosed in the annual report, against $3.2M of cash and investments now.

Where the cash came from and went

Vulcan Infrastructure & Power: sources (+) and uses (−) of cash, Q2 2026Vulcan Infrastructure & Power: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$4.3MCash drawn (+) / kept (−)$3.9MOther investing$1.3MNet borrowing (+) / repaid (−)−$806KAsset & business sales$40K
Vulcan Infrastructure & Power: sources (+) and uses (−) of cash, TTM to Q2 2026Vulcan Infrastructure & Power: sources (+) and uses (−) of cash, TTM to Q2 2026Asset & business sales$22.3MOperating cash flow−$20.2MNet borrowing (+) / repaid (−)−$8.9MOther investing$7.5MOther financing−$881KCash drawn (+) / kept (−)$200K

From profit to cash

Vulcan Infrastructure & Power: net income to operating cash flow, Q2 2026Vulcan Infrastructure & Power: net income to operating cash flow, Q2 2026Net income−$9.9MDepreciation & amortization$1.1MStock-based pay$403KGains on disposals−$1.2MReceivables$615KPayables$1.4MAccrued liabilities−$157KDeferred revenue−$391KPrepaid and other assets−$642KOther liabilities$162KOther operating capital$2KOperating cash flow−$4.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$4.3M−$806K—$3.9M−$4.3M
Q1 2026−$11.4M−$836K—$12.5M−$11.4M
Q4 2025−$4.6M−$1.2M—−$12.0M−$4.6M
Q3 2025$120K−$6.0M—−$4.2M$120K
Q2 2025−$4.8M−$2.6M—$1.5M−$4.8M
Q1 2025−$5.7M——$3.7M−$5.7M
Q4 2024−$3.7M—$4.2M−$1.0M−$3.7M
Q3 2024−$1.9M——$2.7M−$1.9M

Vulcan Infrastructure & Power: income statement and cash flow

Vulcan Infrastructure & Power, Q2 2026: revenue $3.4M (-74% year over year), operating margin -284.8%. The chart follows the revenue to costs, profit and cash.

Vulcan Infrastructure & Power: 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.