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Virco Manufacturing cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$5.9M in Q2 FY27 · $8.8M over twelve months

Operating cash flow$6.5M
Capital spending−$602K
Free cash flow+$5.9M
Cash / net income0.8×
Cash conversion cycle110 days

Analysis

In Q2 FY27, Virco Manufacturing generated $6.5M of operating cash flow and spent $602K on capital projects, leaving free cash flow of $5.9M. That is $4.1M more than in Q2 FY26 ($1.8M).

Over the twelve months to Jul 31, 2026, operating cash flow was $12.2M; the largest uses were capital spending ($3.3M), dividends ($1.6M), net borrowing (+) / repaid (−) ($263K); the cash balance rose by $6.6M.

Operating cash flow was $6.5M against net income of $8.6M — 0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$30.5M, inventory +$15.3M, payables +$9.9M.

Its cash conversion cycle was 110 days (receivables 32 + inventory 106 − payables 28).

Free cash flow

Virco Manufacturing: free cash flow by quarterVirco Manufacturing: free cash flow by quarter$31.0MQ3 FY25−$9.2MQ4 FY25−$21.5MQ1 FY26$1.8MQ2 FY26$24.5MQ3 FY26−$11.6MQ4 FY26−$10.1MQ1 FY27$5.9MQ2 FY27
Operating cash flow less capital spending.
Virco Manufacturing: operating cash flow against capital spendingVirco Manufacturing: operating cash flow against capital spendingOperating cash flowCapital spending$33.5M$2.5MQ3 FY25−$8.3M$930KQ4 FY25−$19.0M$2.4MQ1 FY26$3.2M$1.4MQ2 FY26$25.8M$1.3MQ3 FY26−$10.8M$768KQ4 FY26−$9.4M$699KQ1 FY27$6.5M$602KQ2 FY27
Latest (Q2 FY27): Operating cash flow $6.5M, Capital spending $602K.

Capital allocation, year by year

Virco Manufacturing: where the cash came from (up) and went (down), by fiscal yearVirco Manufacturing: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingBuybacksDividendsFY22: Operating cash flow −$401KFY22: Net borrowing $4.1MFY22: Capital spending −$3.0MFY22: Buybacks −$176K$4.1MFY22FY23: Operating cash flow −$3.8MFY23: Net borrowing $7.2MFY23: Capital spending −$3.3MFY23: Buybacks −$213K$7.2MFY23FY24: Operating cash flow $27.0MFY24: Net borrowing −$17.4MFY24: Capital spending −$5.2MFY24: Dividends −$327K$27.0MFY24FY25: Operating cash flow $33.1MFY25: Net borrowing −$249KFY25: Capital spending −$6.3MFY25: Buybacks −$3.8MFY25: Dividends −$1.5M$33.1MFY25FY26: Operating cash flow −$841KFY26: Net borrowing −$258KFY26: Capital spending −$5.9MFY26: Buybacks −$4.0MFY26: Dividends −$1.6MFY26
Over these 5 years operating cash flow totalled $55.1M; the largest uses were capital spending ($23.7M) and net borrowing ($17.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$9.2M
Debt$3.7M
Net cash$5.5M
Due within a year$269K

Virco Manufacturing funds itself: free cash flow was $8.8M over the last twelve months, and $9.2M of cash and investments stands against $3.7M of debt ($269K due within a year, 34.2× covered by cash).

Virco Manufacturing: debt maturities by year (FY26)Virco Manufacturing: debt maturities by year (FY26)$269KYear 1$280KYear 2$291KYear 3$303KYear 4$315KYear 5$2.4MAfter year 5
Principal due in each year as disclosed in the annual report, against $9.2M of cash and investments now.

Where the cash came from and went

Virco Manufacturing: sources (+) and uses (−) of cash, Q2 FY27Virco Manufacturing: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$6.5MCash drawn (+) / kept (−)−$5.5MCapital spending−$602KDividends−$394KNet borrowing (+) / repaid (−)−$67K
Virco Manufacturing: sources (+) and uses (−) of cash, TTM to Q2 FY27Virco Manufacturing: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$12.2MCash drawn (+) / kept (−)−$6.6MCapital spending−$3.3MDividends−$1.6MNet borrowing (+) / repaid (−)−$263KBuybacks−$190KOther investing−$181KOther financing−$20K

From profit to cash

Virco Manufacturing: net income to operating cash flow, Q2 FY27Virco Manufacturing: net income to operating cash flow, Q2 FY27Net income$8.6MDepreciation & amortization$1.4MStock-based pay$51KDeferred taxes$2.0MReceivables−$30.5MInventory$15.3MPayables$9.9MPrepaid and other assets$210KIncome taxes payable$526KOperating cash flow$6.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY273210628110
Q1 FY274130949302
Q4 FY264825430271
Q3 FY265917635199
Q2 FY263012029120
Q1 FY263332569290
Q4 FY256722959236
Q3 FY254710842113

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 FY27$6.5M−$602K—−$394K−$67K−$5.5M$5.9M
Q1 FY27−$9.4M−$699K−$190K−$394K−$66K$10.7M−$10.1M
Q4 FY26−$10.8M−$768K—−$395K−$66K$12.1M−$11.6M
Q3 FY26$25.8M−$1.3M—−$394K−$64K−$23.9M$24.5M
Q2 FY26$3.2M−$1.4M—−$394K−$64K−$1.7M$1.8M
Q1 FY26−$19.0M−$2.4M−$4.0M−$393K−$64K$25.9M−$21.5M
Q4 FY25−$8.3M−$930K−$2.3M−$403K−$64K$12.0M−$9.2M
Q3 FY25$33.5M−$2.5M—−$407K−$62K−$31.1M$31.0M

Virco Manufacturing: income statement and cash flow

Virco Manufacturing, Q2 FY27: revenue $87.5M (-5% year over year), operating margin 12.1%. The chart follows the revenue to costs, profit and cash.

Virco Manufacturing: 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.