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Yeti Holdings cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$43.8M in Q1 2026 · $255M over twelve months

Operating cash flow−$32.6M
Capital spending−$11.1M
Free cash flow−$43.8M
Cash conversion cycle120 days

Analysis

In Q1 2026, Yeti Holdings generated −$32.6M of operating cash flow and spent $11.1M on capital projects, leaving free cash flow of −$43.8M.

Over the twelve months to Jul 4, 2026, operating cash flow was $304M; the largest uses were buybacks ($405M), other investing ($62.5M), capital spending ($48.2M); besides operations, cash came from other financing ($22.0M), shares issued ($218K); the cash balance fell by $210M.

Operating cash flow was −$32.6M against net income of $9.9M — -3.3× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables −$28.4M, inventory −$26.9M, prepaid and other assets −$20.1M.

Its cash conversion cycle was 119 days (receivables 33 + inventory 163 − payables 77).

Free cash flow

Yeti Holdings: free cash flow by quarterYeti Holdings: free cash flow by quarter$73.8MQ3 2024$215MQ4 2024−$89.2MQ1 2025$50.2MQ2 2025$62.9MQ3 2025$162MQ4 2025−$43.8MQ1 2026
Operating cash flow less capital spending.
Yeti Holdings: operating cash flow against capital spendingYeti Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$83.5M$9.7MQ3 2024$226M$10.5MQ4 2024−$80.3M$8.9MQ1 2025$61.2M$11.0MQ2 2025$101M$38.0MQ3 2025$173M$10.9MQ4 2025−$32.6M$11.1MQ1 2026
Latest (Q1 2026): Operating cash flow −$32.6M, Capital spending $11.1M.

Capital allocation, year by year

Yeti Holdings: where the cash came from (up) and went (down), by fiscal yearYeti Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $147MFY2021: Net borrowing −$23.6MFY2021: Shares issued $4.1MFY2021: Capital spending −$56.1M$151MFY2021FY2022: Operating cash flow $101MFY2022: Net borrowing −$24.6MFY2022: Shares issued $3.8MFY2022: Capital spending −$45.9MFY2022: Buybacks −$100M$105MFY2022FY2023: Operating cash flow $286MFY2023: Net borrowing −$9.9MFY2023: Shares issued $1.6MFY2023: Capital spending −$50.7M$288MFY2023FY2024: Operating cash flow $261MFY2024: Net borrowing −$7.9MFY2024: Shares issued $294KFY2024: Capital spending −$41.8MFY2024: Acquisitions −$36.2MFY2024: Buybacks −$200M$262MFY2024FY2025: Operating cash flow $255MFY2025: Net borrowing −$20.2MFY2025: Capital spending −$42.7MFY2025: Buybacks −$298M$255MFY2025
Over these 5 years operating cash flow totalled $1.0B; the largest uses were buybacks ($598M) and capital spending ($237M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$59.8M
Debt$73.8M
Net debt$14.0M
Due within a year$4.2M

Yeti Holdings funds itself: free cash flow was $255M over the last twelve months, and $59.8M of cash and investments stands against $73.8M of debt ($4.2M due within a year, 14.2× covered by cash).

Yeti Holdings: debt maturities by year (FY2025)Yeti Holdings: debt maturities by year (FY2025)$4.2MYear 1$4.2MYear 2$65.4MYear 3
Principal due in each year as disclosed in the annual report, against $59.8M of cash and investments now.

Where the cash came from and went

Yeti Holdings: sources (+) and uses (−) of cash, Q1 2026Yeti Holdings: sources (+) and uses (−) of cash, Q1 2026Cash drawn (+) / kept (−)$60.6MOperating cash flow−$32.6MCapital spending−$11.1MTaxes on employees’ shares−$10.0MOther investing−$3.4MExchange rates−$1.8MNet borrowing (+) / repaid (−)−$1.1MOther financing−$527K
Yeti Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Yeti Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Buybacks−$405MOperating cash flow$304MCash drawn (+) / kept (−)$210MOther investing−$62.5MCapital spending−$48.2MOther financing$22.0MTaxes on employees’ shares−$10.3MExchange rates−$5.6MNet borrowing (+) / repaid (−)−$4.2MShares issued$218K

From profit to cash

Yeti Holdings: net income to operating cash flow, Q1 2026Yeti Holdings: net income to operating cash flow, Q1 2026Net income$9.9MDepreciation & amortization$14.0MStock-based pay$9.4MDeferred taxes$4.8MImpairments$973KReceivables$6.2MInventory−$26.9MPayables−$28.4MPrepaid and other assets−$20.1MIncome taxes payable−$5.8MOther operating capital$1.7MOperating cash flow−$32.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202629191101120
Q1 20263316377119
Q4 2025251245891
Q3 20253014163108
Q2 20252916370121
Q1 20253119590136
Q4 2024221416399
Q3 20242917073125

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 2026−$32.6M−$11.1M—−$1.1M—$60.6M−$43.8M
Q4 2025$173M−$10.9M−$125M−$2.3M—−$23.9M$162M
Q3 2025$101M−$38.0M−$150M−$1.1M—$105M$62.9M
Q2 2025$61.2M−$11.0M−$23.0M−$1.1M—−$10.6M$50.2M
Q1 2025−$80.3M−$8.9M—−$1.1M—$99.8M−$89.2M
Q4 2024$226M−$10.5M−$100M−$1.6M$5K−$78.3M$215M
Q3 2024$83.5M−$9.7M—−$1.1M$289K−$67.5M$73.8M

Yeti Holdings: income statement and cash flow

Yeti Holdings, Q2 2026: revenue $484M (+8% year over year), operating margin 19.3%. The chart follows the revenue to costs, profit and cash.

Yeti Holdings: 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.