Filing Flows

Filing Flows › Industries › Finance Services › Capital spending and supply chain

Finance Services: capital spending and supply chain

SIC 6199 · 44 companies with filed cash-flow statements

Capital spending, 12 months$18.3B
Operating cash flow$20.8B
Capex / cash flow88%
Capex / revenue14.1%
Top 3 share63%

Analysis

44 companies in Finance Services (SIC 6199) spent $18.3B on capital projects over their latest twelve months, 88% of the $20.8B their operations generated; the three largest spenders — IREN, AXP, WULF — account for 63%.

Capital spending is 14.1% of the industry's $130.0B of annual revenue.

By the industry's asset mix most of it goes to equipment (85%); about $7.2B is imported.

The largest supplier of that spending is light truck and utility vehicle manufacturing ($5.5B).

Its largest supplying industries, by the input-output tables: monetary authorities and depository credit intermediation ($3.8B), nondepository credit intermediation and related activities ($3.3B), data processing, hosting, and related services ($2.3B).

Charts

Finance Services: capital spending by company, latest twelve monthsFinance Services: capital spending by company, latest twelve monthsIREN$4.9BAXP$3.7BWULF$2.8BCIFR$2.7BCORZ$1.8BBTBT$483MWYFI$482MMARA$344MRIOT$308MDGXX$112MKEEL$93.1MCLSK$91.3M
Filed cash-flow statements (SEC XBRL).
Finance Services: what the capital spending buys (US part)Finance Services: what the capital spending buys (US part)Structures$341MEquipment$10.1BSoftware$1.0BOther$417M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Finance Services: the industries that build and sell what it buysFinance Services: the industries that build and sell what it buysLight truck and utility vehicle m…$5.5BAutomobile manufacturing$946MSoftware publishers$632MOther industrial machinery manufa…$592MOther general purpose machinery m…$558MMaterial handling equipment manuf…$531MAll other miscellaneous manufactu…$490MAir conditioning, refrigeration, …$489MOffice and commercial structures$340MMeasuring, dispensing, and other …$309M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Finance Services: its first-tier supplying industriesFinance Services: its first-tier supplying industriesMonetary authorities and deposito…$3.8BNondepository credit intermediati…$3.3BData processing, hosting, and rel…$2.3BOther financial investment activi…$2.0BManagement consulting services$1.8BOther real estate$1.4BAdvertising, public relations, an…$1.3BEmployment services$1.3BInternet publishing and broadcast…$1.1BSecurities and commodity contract…$1.0B
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Finance Services: where the industry's cash came from (+) and went (−)Finance Services: where the industry's cash came from (+) and went (−)Other investing (out)−$99.1BOther financing (in)$77.8BOperating cash flow$34.3BShares issued$32.5BCash drawn from the balance s…$21.0BCash added to the balance she…−$20.3BCapital spending−$18.1BOperating cash outflow−$14.6BBuybacks−$9.8BNet borrowing$9.2BOther financing (out)−$8.6BNet debt repaid−$5.7BOther investing (in)$4.6BDividends−$4.3B
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
IREN Iren$4.9B$2.5B199%TTM to Q1 FY27
AXP American Express$3.7B$17.6B21%TTM to Q3 2026
WULF Terawulf$2.8B−$267M—TTM to Q3 2026
CIFR Cipher Digital$2.7B−$338M—TTM to Q3 2026
CORZ Core Scientific, Inc./tx$1.8B$454M391%TTM to Q3 2026
BTBT Bit Digital$483M−$277M—TTM to Q2 2026
WYFI WhiteFiber$482M$142M341%TTM to Q2 2026
MARA Mara Holdings$344M−$895M—TTM to Q2 2026
RIOT Riot Platforms$308M−$593M—TTM to Q3 2026
DGXX Digi Power X$112M−$17.8M—TTM to Q2 2026
KEEL Keel Infrastructure$93.1M−$232M—TTM to Q3 2026
CLSK Cleanspark$91.3M−$529M—TTM to Q3 FY26
GDOT Green DOT$72.5M$156M47%TTM to Q2 2026
HIVE Hive Digital Technologies$36.3M$56.2M65%TTM to Q1 FY27
CHYM Chime Financial$35.5M$454M8%TTM to Q3 2026
RHLD Resolute Holdings Management$32.6M$149M22%TTM to Q3 2026
CRCL Circle Internet Group$31.4M$772M4%TTM to Q3 2026
LDI loanDepot$31.4M−$251M—TTM to Q2 2026
SLNH Soluna Holdings$29.8M−$19.4M—TTM to Q2 2026
OPFI OppFi$18.5M$385M5%TTM to Q3 2026
Prosper Marketplace$17.3M$124M14%TTM to Q1 2026
AGPU Axe Compute$17.1M$11.8M145%TTM to Q2 2026
WD Walker & Dunlop$15.1M$1.6B1%TTM to Q3 2026
PGY Pagaya Technologies$13.0M$247M5%TTM to Q3 2026
PWP Perella Weinberg Partners$6.8M$108M6%TTM to Q3 2026
UPST Upstart Holdings$5.8M−$181M—TTM to Q3 2026
DRK DarkHorse Technologies$4.0M−$16.2M—TTM to Q3 2026
MSTR Strategy$3.8M−$7.4M—TTM to Q3 2026
PWCM Powercompute$2.1M−$15.5M—TTM to Q2 2026
GEMI Gemini Space Station$1.8M−$305M—TTM to Q2 2026
BMNR Bitmine Immersion Technologies$1.5M−$293M—TTM to Q3 FY26
CPSS Consumer Portfolio Services$1.4M$360M0%TTM to Q3 2026
SNFCA Security National Financial$1.3M$80.6M2%TTM to Q2 2026
MGTE Marblegate Capital$330K−$8.0M—TTM to Q2 2026
DAVE Dave$298K$325M0%TTM to Q3 2026
VEL Velocity Financial$257K−$888K—TTM to Q3 2026
MVNC Marvion$229K$831K28%TTM to Q2 2026
EXOD Exodus Movement$222K−$66.2M—TTM to Q2 2026
BUR Burford Capital$199K−$292M—TTM to Q3 2026
BCG Binah Capital Group$79K$5.7M1%TTM to Q2 2026
ZSTK ZeroStack$38K−$5.6M—TTM to Q2 2026
StartEngine$31K−$7.8M—TTM to Q3 2026
EMPD Empery Digital$29K−$28.4M—TTM to Q3 2026
FWDI Forward Industries$3K−$18.4M—TTM to Q3 FY26

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
BKKTBAC16%Stated in 10-K (sentence)filing
GDOTWMT7%Stated in 10-K (sentence)filing
BTBTWYFI71%Stated in 10-K (sentence)filing
SDEVAMZN73%Stated in 10-K (sentence)filing
ABTCHUT—Stated in 10-K (named, share not stated)filing
MSFTZSQR—Stated in 10-K (named, share not stated)filing
WYFIBTBT—Stated in 10-K (named, share not stated)filing
HSDTLVO—Stated in 10-K (named, share not stated)filing
AMZNOPFI—Stated in 10-K (named, share not stated)filing
AMZNHODO—Stated in 10-K (named, share not stated)filing
AMDHIVE—Stated in 10-K (named, share not stated)filing
BTGOWT—Stated in 10-K (named, share not stated)filing
HUTABTC—Stated in 10-K (named, share not stated)filing
NVDAHIVE—Stated in 10-K (named, share not stated)filing
GMGeneral Motors Financial Company, Inc.—Stated in 10-K (named, share not stated)filing
CHCOMGTE—Stated in 10-K (named, share not stated)filing
GPGIRHLD—Stated in 10-K (named, share not stated)filing
DELLHIVE—Stated in 10-K (named, share not stated)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.