Free cash flow remains deeply negative at -13.6% of revenue in 2026Q2, highlighting a fundamental struggle to achieve self-sustaining operations without external capital support.
| Metric | TTM | Oct'25 | Oct'24 | Oct'23 | Oct'22 | Oct'21 | Oct'20 | Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 | Oct'07 | Oct'06 | Oct'05 | Oct'04 | Oct'03 | Oct'02 | Oct'01 | Oct'00 | Oct'99 | Oct'98 | Oct'97 | Oct'96 |
|---|
| Cash from Operations | -2.08M | -5.69M | -497K | 3.98M | -7.83M | -5.99M | 9.92M | 7.25M | 8.27M | 16.77M | 4.53M | 7.46M | -4.02M | 3.76M | 1.84M | -2.32M | 4.71M | 9.44M | -394K | 12.23M | 4.87M | 4.51M | 908K | 7.93M | 3.81M | 4.31M | 8.35M | 9.6M | 14.6M | 10.2M | 7.2M |
| Operating CF Margin % | - | -2.46% | -0.22% | 1.58% | -2.94% | -2.49% | 5.01% | 3.84% | 4.74% | 10.03% | 3.23% | 5.72% | -3.01% | 2.91% | 1.45% | -1.96% | 4.01% | 7.69% | -0.33% | 9.78% | 3.63% | 3.45% | 0.66% | 5.82% | 2.74% | 2.76% | 5.34% | 6.92% | 10.83% | 7.98% | 6.09% |
| Operating CF Growth % | -456.99% | -1045.27% | -112.47% | 150.89% | -30.67% | -160.42% | 36.84% | -12.32% | -50.71% | 270.42% | -39.32% | 285.53% | -206.94% | 104.13% | 179.4% | -149.22% | -50.04% | 2494.92% | -103.22% | 150.96% | 7.95% | 397.25% | -88.55% | 108% | -11.51% | -48.39% | -13.04% | -34.25% | 43.14% | 41.67% | 28.57% |
| Net Income | -14.15M | -13.36M | -3.38M | 3.47M | 45.07M | -5.5M | 7.32M | 6.48M | 6.52M | 8.83M | 7.77M | 15.44M | -4.34M | 2.92M | 3.65M | 0 | 4.32M | 6.79M | -12.45M | -292K | 1.24M | -943K | 24K | 1.21M | 1.14M | 6.24M | 8.77M | 10M | 8.7M | 6.6M | 5.7M |
| Depreciation & Amortization | 6.21M | 6.38M | 6.54M | 6.56M | 6.68M | 6.67M | 5.51M | 4.15M | 3.94M | 3.37M | 3.04M | 3.05M | 2.83M | 2.24M | 1.72M | 1.8M | 2.17M | 2.73M | 3.28M | 3.39M | 3.78M | 4.25M | 4.34M | 4.31M | 4.21M | 4.03M | 3.77M | 3.3M | 2.9M | 3M | 2.5M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | -631K | 5.07M | 1.06M | 6.38M | 1.89M | 4.94M | -567K | -1.03M | -7.68M | 0 | 0 | 0 | 0 | 395K | 171K | -2.11M | -523K | 1.11M | -571K | -601K | 1.97M | 0 | 327K | 494.64K | -1.1M | 0 | -200K | -1.2M |
| Other Non-Cash Items | -8.53M | -4.96M | -3.66M | -371K | -57.79M | -60K | -489K | -2K | -6.12M | -298K | 627K | 2.65M | -124K | -43K | -103K | -332K | -746K | -93K | 8.42M | -253K | -414K | -589K | -756K | 963K | 3.75M | 265K | -284.73K | -500K | 400K | 100K | 200K |
| Working Capital Changes | 14.39M | 6.24M | 0 | -5.04M | -6.86M | -8.16M | -8.82M | -4.76M | -1.01M | 5.44M | -5.88M | -6M | -2.38M | -1.35M | -3.42M | -3.79M | -1.39M | -310K | 2.48M | 9.91M | -840K | 2.37M | -2.1M | -527K | -5.28M | -6.56M | -4.4M | -2.1M | 2.6M | 700K | -1.8M |
| Change in Receivables | 5.16M | 9.28M | -3.23M | 6.48M | -10.12M | -1.01M | -1.51M | -774K | -1.26M | -2.33M | -2.59M | -7.09M | 1.82M | -411K | -1.98M | -2.22M | 2.46M | -929K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 1.52M | -3.73M | 7.24M | -40K | -3.76M | -7.47M | -2.93M | -2.95M | -397K | 1.06M | -4.1M | 1.31M | -2.37M | -1.56M | -467K | -581K | -712K | 457K | 2.28M | 1.21M | 1.78M | 1.15M | -4.45M | -471K | 1.6M | -974K | -2.04M | -2.1M | 1.5M | 0 | -1.8M |
| Change in Payables | 4.54M | 3.11M | -1.53M | -6.46M | 1.27M | 1.89M | 2.51M | 338K | 2.29M | 1.28M | -2M | 307K | 965K | 401K | 168K | 882K | -863K | 1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -2.28M | -3.39M | -3.83M | -2.38M | 56.34M | -6.47M | -23.32M | -25.68M | -12.11M | -11.52M | -3.24M | -1.35M | -3.71M | -4.31M | -1.02M | -1.8M | -1.73M | -979K | -1.81M | -1.56M | -1.66M | -2M | -2.51M | -3.07M | -3.76M | -4.53M | -4.36M | -4.2M | -2.2M | -1.9M | -5.9M |
| Capital Expenditures | -2.5M | -3.6M | -3.9M | -2.6M | -3.77M | -6.24M | -24.48M | -25.74M | -18.15M | -11.57M | -3.27M | -1.4M | -3.88M | -4.38M | -1.04M | -1.85M | -1.77M | -1.3M | -1.88M | -1.59M | -2.33M | -2.03M | -3.44M | -3.09M | -3.77M | -4.59M | -5.12M | -4.9M | -2.3M | -1.9M | -6M |
| CapEx % of Revenue | 1.07% | 1.56% | 1.74% | 1.03% | 1.42% | 2.59% | 12.37% | 13.63% | 10.41% | 6.92% | 2.33% | 1.08% | 2.91% | 3.39% | 0.82% | 1.57% | 1.5% | 1.06% | 1.55% | 1.27% | 1.74% | 1.55% | 2.5% | 2.27% | 2.71% | 2.94% | 3.28% | 3.53% | 1.71% | 1.49% | 5.07% |
| Acquisitions | 0 | 0 | 0 | 0 | 60.12M | 520K | 1.16M | 61K | 6.04M | 58K | 24K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 215K | 205K | 69K | 227K | 60.12M | -750K | 1.13M | 61K | 6.04M | 58K | 24K | 52K | 163K | 72K | 22K | 54K | 40K | 324K | 69K | 26K | 62K | 28K | 35K | 26K | 3K | 60K | 760.94K | 700K | 100K | -100K | 100K |
| Cash from Financing | 2.91M | -270K | -1.15M | -2.23M | -32.56M | 7.41M | 15.35M | 13.73M | -83K | -129K | -143K | -458K | -398K | -873K | -404K | -2.24M | -1.21M | -638K | -3.04M | -515K | -187K | -128K | -2.62M | -2.97M | -2.72M | -5.11M | -10.71M | -2.7M | -2.5M | -2.3M | -2.3M |
| Debt Issued (Net) | 653K | -270K | 0 | -2.23M | -32.56M | 7.41M | 15.35M | 13.73M | -83K | -129K | -103K | -175K | -214K | -206K | -83K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40K | -283K | -184K | -209K | -321K | -1.31M | -277K | -638K | -3.04M | -515K | -187K | -128K | -2.11M | -1.31M | -2.15M | -2.15M | -7.64M | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -458K | 0 | -932K | -933K | 0 | 0 | 0 | 0 | 0 | -513K | -1.67M | -2.72M | -2.95M | -3.06M | -2.7M | -2.5M | -2.3M | -2.3M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40K | -283K | -184K | -209K | -321K | -1.31M | -277K | -638K | -3.04M | -515K | -187K | -128K | -2.11M | -1.31M | -2.15M | -2.15M | -7.64M | 0 | 0 | 0 | 0 |
| Other Financing | 3.24M | 0 | -1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.15M | 0 | -7 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -1.45M | -9.35M | -5.48M | -625K | 15.96M | -5.05M | 1.95M | -4.7M | -3.93M | 5.12M | 1.14M | 5.65M | -8.13M | -1.42M | 420K | -6.36M | 1.77M | 7.82M | -5.24M | 10.16M | 3.02M | 2.38M | -4.22M | 1.89M | -2.67M | -5.33M | -6.72M | 2.7M | -2.5M | -2.3M | -2.3M |
| Free Cash Flow | -4.58M | -9.29M | -4.4M | 1.38M | -11.6M | -12.23M | -14.56M | -18.49M | -9.88M | 5.2M | 1.26M | 6.06M | -7.9M | -618K | 802K | -4.17M | 2.94M | 8.13M | -2.27M | 10.64M | 2.54M | 2.48M | -2.54M | 4.84M | 45K | -282K | 3.22M | 4.7M | 12.3M | 8.3M | 1.2M |
| FCF Margin % | -1.96% | -4.02% | -1.97% | 0.55% | -4.36% | -5.09% | -7.36% | -9.8% | -5.67% | 3.11% | 0.9% | 4.64% | -5.92% | -0.48% | 0.63% | -3.53% | 2.5% | 6.63% | -1.88% | 8.51% | 1.89% | 1.9% | -1.84% | 3.55% | 0.03% | -0.18% | 2.06% | 3.39% | 9.12% | 6.49% | 1.01% |
| FCF Growth % | 56.56% | -111.16% | -418.31% | 111.91% | 5.16% | 16.02% | 21.24% | -87.13% | -290.22% | 311.65% | -79.16% | 176.68% | -1177.99% | -177.06% | 119.22% | -241.66% | -63.79% | 457.65% | -121.36% | 318.44% | 2.46% | 197.91% | -152.43% | 10648.89% | 115.96% | -108.75% | -31.4% | -61.79% | 48.19% | 591.67% | 137.5% |
| FCF per Share | -0.50 | -1.02 | -0.48 | 0.15 | -1.28 | -1.35 | -1.60 | -2.04 | -1.09 | 0.57 | 0.14 | 0.67 | -0.87 | -0.07 | 0.09 | -0.45 | 0.32 | 0.86 | -0.24 | 1.07 | 0.26 | 0.25 | -0.25 | 0.47 | 0.00 | -0.03 | 0.30 | 0.41 | 0.99 | 0.60 | 0.09 |
| FCF Conversion (FCF/Net Income) | 0.32x | 0.43x | 0.15x | 1.15x | -0.17x | 1.09x | 1.35x | 1.12x | 1.27x | 1.90x | 0.58x | 0.48x | 0.93x | 1.29x | 0.50x | 5.24x | 1.09x | 1.39x | 0.03x | -41.89x | 3.93x | -4.79x | 37.83x | 6.55x | 3.35x | 0.69x | 0.95x | 0.96x | 1.68x | 1.55x | 1.26x |
| Interest Paid | 416K | 419K | 0 | 579K | 1.11M | 1.21M | 828K | 403K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 30K | 77K | 1.36M | 2.59M | 13.35M | 148K | 336K | 697K | 1.73M | 4.37M | 4.27M | 156K | 0 | 0 | 180K | 179K | 2.71M | 318K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and Operational Sustainability
As reported in recent quarterly filings, the relationship between net income and operating cash flow is highly erratic, with OCF/NI ratios swinging from 1.24 to -5.06, suggesting that accruals and working capital volatility are currently masking the true underlying cash-generating capability of the business.
The extreme variance in the OCF/NI ratio indicates that reported net income is a poor proxy for the company's actual cash performance. Investors should monitor whether these fluctuations are driven by seasonal inventory adjustments or a fundamental inability to convert sales into realized cash inflows.
Based on the provided financial statements, BRID's free cash flow trajectory is consistently deteriorating, with the company recording a negative FCF margin of -13.6% in 2026Q2, which highlights the ongoing struggle to achieve self-sustaining operations amidst persistent net losses and capital requirements.
The inability to generate positive free cash flow over the majority of the last ten quarters suggests that the current business model is structurally dependent on external liquidity. This trend warrants further investigation into whether the company can reach a cash-flow-positive state without significant operational restructuring.
According to historical cash flow data, working capital changes have been highly inconsistent, ranging from a $9.2M inflow to a $5.8M outflow, which indicates that the company's cash position is heavily reliant on the timing of inventory and receivables management rather than core profitability.
The erratic nature of working capital movements suggests that the company may be using aggressive inventory or payables management to bridge short-term liquidity gaps. This volatility appears to be a primary driver of the company's inconsistent cash flow profile and underscores the fragility of its current financial position.
As indicated by the financial data, capital expenditures have remained relatively low, averaging roughly 1.3% of revenue, which may suggest that the company is deferring necessary investments in its manufacturing facilities to preserve its extremely limited cash reserves of $876,000.
While low capital intensity might appear favorable, it may indicate a lack of investment in the DSD network or production efficiency, which are critical for long-term competitiveness. Analysts should consider whether this level of spending is sufficient to maintain the operational integrity of the company's aging assets.
Based on the provided figures, the cash flow statement obscures the company's reliance on short-term working capital swings to offset persistent operating losses, as the lack of significant non-cash adjustments beyond depreciation suggests that the company has little room for error in its cash management.
The absence of meaningful share-based compensation or other non-cash add-backs implies that the reported cash flow is a direct reflection of operational reality. This transparency highlights the severity of the current cash burn and suggests that the company's financial health is more vulnerable than a simple balance sheet review might imply.
Quick answers to the most common questions about buying BRID stock.
Bridgford Foods Corporation (BRID) generated $-5.7M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Bridgford Foods Corporation (BRID) reported negative free cash flow of $9.3M in 2025, indicating capital requirements exceeded cash from operations.
Bridgford Foods Corporation (BRID) spent $3.6M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.