Filing Flows

Filing Flows › Companies › Willdan Group › Cash flow

Willdan Group cash flow, quarter by quarter

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

Free cash flow$11.9M in Q3 2026 · $64.5M over twelve months

Operating cash flow$13.4M
Capital spending−$1.5M
Free cash flow+$11.9M
Cash / net income1.1×
Cash conversion cycle-1 days

Analysis

In Q3 2026, Willdan Group generated $13.4M of operating cash flow and spent $1.5M on capital projects, leaving free cash flow of $11.9M.

Over the twelve months to Oct 2, 2026, operating cash flow was $72.1M; the largest uses were acquisitions ($58.7M), capital spending ($7.7M), other financing ($75K); besides operations, cash came from shares issued ($3.3M), asset & business sales ($94K); the cash balance rose by $9.1M.

Operating cash flow was $13.4M against net income of $11.9M — 1.1× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$12.0M, payables −$11.4M, receivables −$11.3M.

Its cash conversion cycle was -1 days (receivables 39 + inventory 0 − payables 39): suppliers fund its working capital.

Free cash flow

Willdan Group: free cash flow by quarterWilldan Group: free cash flow by quarter$31.1MQ4 2024$1.0MQ1 2025$23.2MQ2 2025$9.8MQ3 2025$36.7MQ4 2025−$26.4MQ1 2026$42.2MQ2 2026$11.9MQ3 2026
Operating cash flow less capital spending.
Willdan Group: operating cash flow against capital spendingWilldan Group: operating cash flow against capital spendingOperating cash flowCapital spending$33.5M$2.3MQ4 2024$3.3M$2.3MQ1 2025$25.4M$2.2MQ2 2025$12.2M$2.4MQ3 2025$39.2M$2.5MQ4 2025−$24.4M$2.0MQ1 2026$43.9M$1.6MQ2 2026$13.4M$1.5MQ3 2026
Latest (Q3 2026): Operating cash flow $13.4M, Capital spending $1.5M.

Capital allocation, year by year

Willdan Group: where the cash came from (up) and went (down), by fiscal yearWilldan Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow $9.8MFY2021: Net borrowing −$13.4MFY2021: Shares issued $1.9MFY2021: Asset sales $46KFY2021: Capital spending −$8.5M$11.8MFY2021FY2022: Operating cash flow $9.4MFY2022: Net borrowing $8.7MFY2022: Shares issued $274KFY2022: Asset sales $75KFY2022: Capital spending −$9.6M$18.5MFY2022FY2023: Operating cash flow $39.2MFY2023: Net borrowing $100MFY2023: Shares issued $182KFY2023: Asset sales $68KFY2023: Capital spending −$9.9MFY2023: Acquisitions −$1.6M$140MFY2023FY2024: Operating cash flow $72.1MFY2024: Net borrowing −$8.1MFY2024: Shares issued $2.8MFY2024: Asset sales $34KFY2024: Capital spending −$8.4MFY2024: Acquisitions −$7.4M$74.9MFY2024FY2025: Operating cash flow $80.1MFY2025: Net borrowing −$39.7MFY2025: Shares issued $2.8MFY2025: Asset sales $46KFY2025: Capital spending −$9.4MFY2025: Acquisitions −$36.3M$82.9MFY2025
Over these 5 years operating cash flow totalled $211M; the largest uses were net borrowing ($61.2M) and capital spending ($45.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$39.2M
Debt$61.6M
Net debt$22.5M
Due within a year$2.5M

Willdan Group funds itself: free cash flow was $64.5M over the last twelve months, and $39.2M of cash and investments stands against $61.6M of debt ($2.5M due within a year, 15.7× covered by cash).

Where the cash came from and went

Willdan Group: sources (+) and uses (−) of cash, Q3 2026Willdan Group: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$13.4MAcquisitions−$5.4MOther financing−$3.9MCash drawn (+) / kept (−)−$3.0MCapital spending−$1.5MShares issued$1.5MNet borrowing (+) / repaid (−)−$1.0MTaxes on employees’ shares−$81KAsset & business sales$25K
Willdan Group: sources (+) and uses (−) of cash, TTM to Q3 2026Willdan Group: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$72.1MAcquisitions−$58.7MCash drawn (+) / kept (−)−$9.1MCapital spending−$7.7MShares issued$3.3MAsset & business sales$94KOther financing−$75K

From profit to cash

Willdan Group: net income to operating cash flow, Q3 2026Willdan Group: net income to operating cash flow, Q3 2026Net income$11.9MDepreciation & amortization$5.8MStock-based pay$5.0MDeferred taxes$2.8MGains on disposals−$25KOther non-cash−$73KReceivables−$11.3MPayables−$11.4MAccrued liabilities$12.0MDeferred revenue−$4.0MContract assets$4.2MPrepaid and other assets−$1.9MOperating cash flow$13.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202639—39-1
Q2 202633—33-1
Q1 202643—43-1
Q4 202534—39-5
Q3 202531—37-6
Q2 202530—36-6
Q1 202540—391
Q4 202441—374

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$13.4M−$1.5M−$5.4M−$1.0M$1.5M−$3.0M$11.9M
Q2 2026$43.9M−$1.6M−$49.9M−$1.1M—−$5.7M$42.2M
Q1 2026−$24.4M−$2.0M−$583K−$1.0M$1.9M$32.4M−$26.4M
Q4 2025$39.2M−$2.5M−$2.9M−$980K$261K−$32.8M$36.7M
Q3 2025$12.2M−$2.4M$1.7M−$10.6M$589K−$761K$9.8M
Q2 2025$25.4M−$2.2M−$2.7M−$26.3M$1.8M$6.0M$23.2M
Q1 2025$3.3M−$2.3M−$32.5M−$2.5M$81K$35.8M$1.0M
Q4 2024$33.5M−$2.3M—−$2.9M$334K−$21.1M$31.1M

Willdan Group: income statement and cash flow

Willdan Group, Q3 2026: revenue $215M (+18% year over year), operating margin 7.6%. The chart follows the revenue to costs, profit and cash.

Willdan Group: 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.