Cash generation is inconsistent, as demonstrated by free cash flow swinging from a $6.3M surplus in 2026Q1 to a $3.6M deficit in 2025Q3, further complicated by a precarious cash position of $701,872 reported in 2025Q4.
| 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 |
|---|
| Cash from Operations | 3.19M | -5.02M | 5.43M | 652.08K | -5.44M | 4.71M | 4.39M | -2.15M | 8.69M | 1.48M | 1.61M | -2.29M | 30.07K | -3.28M | 8.03M | -4.05M | 1.34M | 409.07K | -443.26K | 2.16M | -319.56K | -3.88M | 1.62M | -744.23K | 823.44K | 250.27K | 2.41K | 704.5K | 1.33M | 361.21K |
| Operating CF Margin % | - | -5.21% | 6.91% | 0.96% | -8.28% | 7.37% | 5.9% | -2.48% | 9.59% | 1.91% | 2.04% | -1.93% | 0.03% | -2.45% | 4.62% | -2.76% | 1.61% | 0.55% | -0.62% | 3.76% | -0.62% | -9.34% | 5.77% | -3.68% | 4.72% | 1.23% | 0.01% | 3.05% | 5.16% | 1.38% |
| Operating CF Growth % | 1606.78% | -192.41% | 732.9% | 111.99% | -215.46% | 7.38% | 304.12% | -124.72% | 488.73% | -8.16% | 170.34% | -7702.74% | 100.92% | -140.82% | 298.06% | -401.96% | 228.08% | 192.29% | -120.52% | 775.99% | 91.76% | -339.97% | 317.2% | -190.38% | 229.02% | 10288.83% | -99.66% | -47.16% | 269.09% | - |
| Net Income | 1.52M | 1.4M | 2.22M | -835.58K | -4.6M | 867.68K | -336.04K | 264.01K | 1.53M | 732.84K | 2.35M | -1.33M | 5.02M | -1.33M | 2.58M | 845.98K | 2.39M | 3.29M | -2.6M | 937.32K | 700.08K | 1.19M | 875.34K | 622.08K | 755.38K | 517.88K | 281.33K | 608.9K | -1.1M | 437.44K |
| Depreciation & Amortization | 1.55M | 1.49M | 925.43K | 915.63K | 1.26M | 1.01M | 1.14M | 742.64K | 740.45K | 762.04K | 587.57K | 545.39K | 581.4K | 506.93K | 447.4K | 433.2K | 469.79K | 537.38K | 541.2K | 383.22K | 431.75K | 373.11K | 363.61K | 299.77K | 270.99K | 262K | 252.99K | 252.93K | 239.69K | 170.58K |
| Stock-Based Compensation | -121.06K | 8.26K | 0 | 0 | 405.82K | 759.07K | 868.48K | 476.9K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 193.79K | 362.5K | 749.01K | -268.22K | -995.79K | -177.8K | -291.35K | -49.94K | 151.76K | -183.97K | 991.27K | -726.85K | 1.01M | -515K | 190.5K | -822.5K | 112.5K | 687.38K | -703.88K | 74.7K | 56.2K | -173.2K | -27.2K | -38.3K | -26.2K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.5M | -49.34K | -928.18K | -1.09M | 4.67M | 1.09M | 558.37K | -167.99K | 1.76K | 9.16K | 9.16K | 12.41K | 14.19K | 28.78K | 19.75K | 2.14M | -154.89K | -162.74K | 37.58K | 303.77K | 5.42K | 270K | 30.91K | 0 | 0 | 34.82K | 44.09K | 67.27K | 284.57K | 175.11K |
| Working Capital Changes | -1.46M | -8.23M | 2.47M | 1.93M | -6.18M | 1.15M | 2.45M | -3.41M | 6.46M | -189.98K | -1.71M | -787.01K | -6.09M | -1.69M | 5.12M | -6.72M | -1.48M | -1.83M | 2.28M | 363.33K | -1.69M | -5.53M | 373.8K | -1.63M | -176.73K | -564.44K | -576K | -224.61K | 1.91M | -421.92K |
| Change in Receivables | 2.19M | -2.39M | -1.38M | 333.72K | 1.07M | -1.89M | 2.01M | 492.87K | 3.61M | 661.01K | -2.47M | 4.45M | -3.06M | 270.34K | 3.39M | -7.24M | 1.3M | -1.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | -2.33M | -4.47M | 3.28M | 265.68K | -4.56M | 1.14M | 1.74M | -3.57M | 2.16M | -917.38K | -143.91K | 1.35M | -5.84M | 2.43M | 2.17M | -5.29M | -1.58M | 246.41K | -574.46K | -1.57M | 1.6M | -2.24M | -476.87K | -363.28K | -66.99K | 114.9K | 12.44K | -118.53K | 19.43K | -504.12K |
| Change in Payables | 1.6M | -102.06K | 538.32K | 1.39M | -1.23M | 2.01M | -1.31M | -489.53K | 392.71K | -258.83K | -30.86K | -4.67M | 1.45M | -3.53M | -610.31K | 5.79M | -1.14M | -966.96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.88M | -1.71M | 2.84M | -857.76K | -729.21K | -3.89M | -537.84K | -897.68K | -3.06M | -3.57M | -1.78M | -391.8K | -504.64K | -535.96K | -2.67M | -526.52K | -2.62M | 2.73M | -351.48K | -659.38K | -776.46K | -474.15K | -1.06M | -62.76K | -435.54K | -85.15K | -95.32K | -111.09K | -347.26K | -262.65K |
| Capital Expenditures | -280.63K | -910.16K | -306.93K | -857.76K | -1.06M | -1.5M | -435.93K | -743.41K | -383.52K | -679.92K | -963.43K | -391.8K | -504.64K | -768.03K | -569.9K | -526.52K | -363.76K | -204.81K | -341.98K | -659.38K | -190.75K | -466.12K | -1.04M | -62.76K | -435.54K | -85.15K | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 0.28% | 0.95% | 0.39% | 1.26% | 1.61% | 2.35% | 0.59% | 0.86% | 0.42% | 0.88% | 1.22% | 0.33% | 0.46% | 0.57% | 0.33% | 0.36% | 0.44% | 0.28% | 0.48% | 1.15% | 0.37% | 1.12% | 3.71% | 0.31% | 2.5% | 0.42% | - | - | - | - |
| Acquisitions | 0 | -800K | 0 | 0 | 330K | 0 | 0 | 0 | -2.68M | -2.89M | -819.56K | 0 | 0 | 232.07K | -2.1M | 0 | -2.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -746.23K | 0 | 0 | 0 | 0 | 113.17K | -101.91K | -154.27K | 0 | 0 | 0 | 0 | 0 | 232.07K | -2.1M | 0 | 0 | 2.94M | 0 | 0 | 0 | -8.03K | -16.7K | 0 | 0 | 0 | -95.32K | -111.09K | -347.26K | -262.65K |
| Cash from Financing | -817.81K | 6.05M | -9.63M | 423.78K | 4.99M | -1.05K | -3.38M | 837.47K | -3.35M | 1.19M | -450.62K | 2.75M | 221.55K | 279.31K | -2.03M | 7.15M | 1.18M | -2.74M | 867.39K | -1.72M | 1.47M | 4.45M | 8.03K | 837.25K | -543.77K | -119.52K | -18.29K | -328.36K | -1.18M | 89.03K |
| Debt Issued (Net) | -350K | 6.05M | -9.63M | 423.78K | 5.39M | -1.05K | -3.38M | 837.47K | -2.22M | 1.45M | 1.4M | 3.06M | 1.27M | 666.68K | -1.26M | -486.64K | 1.52M | -2.73M | 2.63M | -1.65M | 1.48M | -1.99M | 87.67K | 837.25K | -1.25M | -46.16K | -290.06K | -902.76K | -322.8K | -393.13K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.13M | -254.92K | -1.75M | -226.85K | -995.73K | 0 | 0 | 8.33M | 0 | -5.53K | -213.06K | -76.68K | 0 | 6.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -935.63K | 0 | 0 | 0 | -399K | 0 | 0 | 0 | 0 | 0 | -100K | -80K | -52K | -387.38K | -774.76K | -694.66K | -333.98K | 0 | -1.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -422.26K | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.13M | -254.92K | -1.75M | -226.85K | -995.73K | 0 | 0 | 0 | 0 | -5.53K | -213.06K | -76.68K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 467.81K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.67K | 0 | -79.65K | 0 | 703.28K | -73.36K | 271.77K | 574.4K | -439.57K | 482.16K |
| Net Change in Cash | 490.61K | -679.15K | -1.35M | 218.1K | -1.18M | 821.15K | 472.56K | -2.21M | 2.29M | -902.33K | -625.84K | 71.18K | -253.03K | -3.53M | 3.32M | 2.57M | -100.45K | 404.63K | 72.65K | -221.52K | 376.7K | 93.32K | 568.31K | 30.26K | -155.87K | 45.59K | -111.2K | -328.36K | -1.18M | 187.59K |
| Free Cash Flow | 2.92M | -5.93M | 5.12M | -205.68K | -6.5M | 3.21M | 3.95M | -2.89M | 8.31M | 796.71K | 644.35K | -2.68M | -474.58K | -4.04M | 7.46M | -4.58M | 978.33K | 204.27K | -785.24K | 1.5M | -510.31K | -4.35M | 576.99K | -806.98K | 387.9K | 165.11K | 2.41K | 704.5K | 1.33M | 361.21K |
| FCF Margin % | 2.94% | -6.16% | 6.52% | -0.3% | -9.89% | 5.02% | 5.31% | -3.34% | 9.17% | 1.03% | 0.82% | -2.27% | -0.44% | -3.02% | 4.29% | -3.12% | 1.17% | 0.27% | -1.1% | 2.61% | -1% | -10.46% | 2.06% | -3.99% | 2.23% | 0.81% | 0.01% | 3.05% | 5.16% | 1.38% |
| FCF Growth % | 1299.71% | -215.71% | 2591.42% | 96.83% | -302.45% | -18.75% | 236.58% | -134.8% | 943.02% | 23.65% | 124.06% | -464.21% | 88.27% | -154.24% | 262.84% | -568.05% | 378.95% | 126.01% | -152.32% | 394.1% | 88.26% | -853.09% | 171.5% | -308.04% | 134.93% | 6754.01% | -99.66% | -47.16% | 269.09% | - |
| FCF per Share | 0.51 | -1.04 | 0.90 | -0.04 | -1.14 | 0.56 | 0.71 | -0.52 | 1.46 | 0.14 | 0.11 | -0.43 | -0.07 | -0.63 | 1.12 | -0.78 | 0.18 | 0.04 | -0.14 | 0.27 | -0.09 | -0.91 | 0.14 | -0.20 | 0.10 | 0.04 | 0.00 | 0.18 | 0.33 | 0.09 |
| FCF Conversion (FCF/Net Income) | 1.93x | -3.58x | 2.45x | -0.78x | 1.45x | 3.75x | -46.51x | 22.71x | 8.21x | 3.16x | 0.73x | 1.62x | 0.01x | 2.21x | 3.23x | -4.99x | 0.56x | 0.12x | 0.17x | 2.30x | -0.46x | -3.27x | 1.85x | -1.20x | 1.09x | 0.48x | 0.01x | 1.16x | -1.21x | 0.83x |
| Interest Paid | 0 | 0 | 286.75K | 0 | 202.3K | 85.36K | 196.82K | 254.6K | 0 | 0 | 181.01K | 196.56K | 73.69K | 108.61K | 208.06K | 289.87K | 241.37K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 112.29K | 0 | 1.33M | 35.12K | 3.74K | 83.28K | 0 | 0 | 34.18K | 1.65M | 1.43M | 803.63K | 879.76K | 1.04M | 1.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working capital liquidity constraints
As reported in recent quarterly filings, JVA's operating cash flow to net income ratio has fluctuated wildly, ranging from 0.15 in 2026Q2 to 55.13 in 2024Q2, suggesting that reported earnings are frequently decoupled from actual cash generation due to significant volatility in working capital requirements.
The extreme variance in the OCF/NI ratio indicates that net income is a poor proxy for the company's underlying cash health. Investors should monitor this divergence, as it suggests that accounting profits are often tied up in inventory or receivables rather than liquid cash.
Based on the provided financial statements, JVA's free cash flow trajectory remains highly inconsistent, swinging from a peak of $6.3M in 2026Q1 to a deficit of $3.6M in 2025Q3, reflecting the company's inability to maintain stable cash generation amidst fluctuating commodity-driven operational demands.
The erratic FCF margins suggest that the business model is highly sensitive to external factors that disrupt cash flow predictability. This lack of consistency makes it difficult to rely on internal cash generation for long-term capital needs or debt service.
According to historical cash flow data, JVA's working capital changes are the primary determinant of liquidity, with swings as large as $5.1M in 2026Q1, indicating that the company's cash position is heavily dependent on the timing of inventory procurement and the subsequent collection of trade receivables.
The reliance on working capital management to fund operations appears to leave the company vulnerable to supply chain disruptions. When working capital outflows occur, the company's already thin cash reserves are likely placed under significant pressure, potentially necessitating external financing.
As noted in recent financial disclosures, JVA's decision to pay $467.8K in dividends during 2026Q2 despite a precarious cash position warrants further investigation, as this capital outflow appears inconsistent with the company's need to maintain liquidity for its commodity-intensive operations and working capital requirements.
The prioritization of shareholder returns over building a cash buffer suggests a management strategy that may be misaligned with the company's operational risks. Investors should monitor whether this dividend policy is sustainable given the recurring volatility in free cash flow.
Quick answers to the most common questions about buying JVA stock.
Coffee Holding Co., Inc. (JVA) generated $-5.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Coffee Holding Co., Inc. (JVA) reported negative free cash flow of $5.9M in 2025, indicating capital requirements exceeded cash from operations.
Coffee Holding Co., Inc. (JVA) spent $0.9M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.