DLH Holdings Corp. (DLHC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 3.79M | -4.77M | 10.68M | 9.57M | 14.5M | -11.54M | 12.44M | 4.63M | 5.23M | 5.07M | 16.04M | 8.13M | -1.11M | 7.97M | 6M | 10.06M | 1.34M | -16.16M | 30.28M | 9.27M |
| Operating CF Margin % | 6.39% | -6.92% | 13.16% | 11.48% | 16.26% | -12.71% | 12.9% | 4.6% | 5.18% | 5.18% | 15.8% | 7.96% | -1.12% | 10.96% | 8.93% | 15.14% | 1.23% | -10.57% | 46.45% | 15.06% |
| Operating CF Growth % | -73.9% | 58.66% | -14.11% | 106.72% | 177.3% | -327.53% | -22.46% | -43.09% | 570.75% | -36.4% | 167.18% | -19.1% | -182.91% | 149.35% | -80.18% | 8.49% | -90.85% | -89.66% | 246.26% | -7.73% |
| Net Income | -2.54M | -1.32M | -919K | 289K | 877K | 1.11M | 2.29M | 1.14M | 1.81M | 2.15M | -2.63M | 1.74M | 805K | 1.55M | 3.44M | 4.86M | 7.18M | 7.8M | 2.88M | 2.88M |
| Depreciation & Amortization | 4.3M | 4.3M | 4.3M | 4.31M | 4.26M | 4.31M | 4.28M | 4.27M | 4.24M | 4.25M | 4.28M | 4.34M | 4.54M | 2.4M | 1.93M | 1.87M | 1.88M | 1.99M | 2.01M | 2.01M |
| Stock-Based Compensation | 0 | 647K | 180K | 559K | 532K | 193K | -392K | 717K | 953K | 620K | -98K | 668K | 800K | 552K | 656K | 643K | 809K | 500K | 343K | 473K |
| Deferred Taxes | -862K | -501K | -3.14M | -93K | 750K | 780K | -2.86M | -353K | 48K | -6K | -4.6M | 0 | 13K | -13K | 359K | -1K | 0 | 0 | -964K | 665K |
| Other Non-Cash Items | 1.04M | 433K | 433K | 429K | 423K | 457K | 402K | 397K | 398K | 642K | 8.31M | 636K | 628K | 276K | 167K | 178K | 168K | 151K | 182K | 197K |
| Working Capital Changes | 1.84M | -8.32M | 9.83M | 4.08M | 7.66M | -18.39M | 8.71M | -1.54M | -2.22M | -2.59M | 10.77M | 749K | -7.89M | 3.21M | -547K | 2.5M | -8.7M | -26.59M | 25.82M | 3.04M |
| Change in Receivables | 2.2M | 2.55M | 6.52M | 6.8M | 12.56M | -14.42M | 8.49M | -2.88M | 120K | 3.54M | 8.76M | -861K | -1.84M | 780K | 9.84M | 11.81M | -15.31M | -13.4M | 2.96M | 5.27M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.8M | -5M | 5.57M | -3.69M | -1.36M | -6.57M | 2.1M | 154K | 728K | -7.4M | 4.15M | 536K | -5.83M | 1.07M | -8.23M | -9.22M | 13.94M | -2.33M | 2.23M | -333K |
| Cash from Investing | 0 | -39K | -28K | -212K | 551K | -552K | -209K | -161K | -292K | -174K | 94K | -117K | -832K | -180.34M | -628K | -155K | -89K | 0 | -50K | 0 |
| Capital Expenditures | 0 | -39K | -28K | -212K | 551K | -552K | -209K | -161K | -292K | -174K | -45K | -117K | -79K | -384K | -628K | -155K | -89K | 0 | -50K | 0 |
| CapEx % of Revenue | - | 0.06% | 0.03% | 0.25% | 0.62% | 0.61% | 0.22% | 0.16% | 0.29% | 0.18% | 0.04% | 0.11% | 0.08% | 0.53% | 0.93% | 0.23% | 0.08% | - | 0.08% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 139K | 0 | -753K | -179.96M | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -3.91M | 4.94M | -10.72M | -9.36M | -15.31M | 12.2M | -12.31M | -4.28M | -4.83M | -4.98M | -16.45M | -7.63M | 716K | 173.5M | -6.21M | -9.2M | -5.11M | -3.67M | -6.92M | -8.95M |
| Debt Issued (Net) | -3.91M | 5.03M | -10.72M | -9.36M | -15.31M | 12.2M | -11.93M | -4.28M | -4.01M | -4.57M | -16.45M | -8.44M | 829K | 181.38M | -6.5M | -9M | -5.38M | -3.88M | -7.05M | -8.95M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 261K | 1K | 820K | 0 | 0 | 294K | 81K | 262K | 200K | 135K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -93K | 0 | 0 | 0 | 0 | -375K | -2K | -817K | -669K | 0 | -1K | -113K | -7.87M | 0 | -281K | 0 | 0 | 0 | 0 |
| Net Change in Cash | -126K | 132K | -69K | -2K | -255K | 109K | -81K | 185K | 107K | -84K | -315K | 393K | -1.23M | 1.14M | -832K | 701K | -3.86M | -19.83M | 23.31M | 319K |
| Free Cash Flow | 3.79M | -4.81M | 10.65M | 9.36M | 15.05M | -12.09M | 12.23M | 4.47M | 4.94M | 4.9M | 15.99M | 8.02M | -1.19M | 7.59M | 5.37M | 9.9M | 1.25M | -16.16M | 30.23M | 9.27M |
| FCF Margin % | 6.39% | -6.98% | 13.12% | 11.23% | 16.87% | -13.32% | 12.68% | 4.44% | 4.89% | 5% | 15.76% | 7.84% | -1.2% | 10.43% | 7.99% | 14.9% | 1.15% | -10.57% | 46.37% | 15.06% |
| FCF Growth % | -74.85% | 60.22% | -12.87% | 109.42% | 204.86% | -346.89% | -23.54% | -44.26% | 514.96% | -35.47% | 197.56% | -19.02% | -195.12% | 146.98% | -82.22% | 6.82% | -91.45% | -88.48% | 238.98% | -7.62% |
| FCF per Share | 0.26 | -0.33 | 0.74 | 0.65 | 1.04 | -0.83 | 0.85 | 0.30 | 0.33 | 0.33 | 1.15 | 0.55 | -0.08 | 0.53 | 0.38 | 0.70 | 0.09 | -1.13 | 2.21 | 0.68 |
| FCF Conversion (FCF/Net Income) | -1.49x | 3.60x | -11.62x | 33.12x | 16.52x | -10.35x | 5.42x | 4.06x | 2.89x | 2.36x | -6.10x | 4.68x | -1.38x | 5.15x | 1.74x | 2.07x | 0.19x | -2.07x | 10.50x | 3.22x |
| Interest Paid | 0 | 3M | 3.09M | 3.25M | 3.57M | 3.59M | 4.39M | 3.78M | 3.9M | 3.97M | 4.15M | 4.29M | 5.38M | 339K | 333K | 299K | 383K | 0 | 620K | 682K |
| Taxes Paid | 0 | 0 | 1.49M | 55K | 476K | 32K | 984K | 482K | 1.8M | 0 | 1.55M | 853K | 3.2M | 5K | 2.88M | 2.92M | 3.48M | 0 | 540K | 212K |