Free cash flow remains highly erratic, swinging from a positive $110.9M in 2025Q2 to a deep deficit of $93.5M in 2025Q3 due to significant working capital outflows.
| Cash from Operations | -141.81M | -30.6M | 10.02M | -55.05M | 54.8M | -16.62M | 10.56M |
| Operating CF Margin % | - | -2.44% | 1.19% | -7.19% | 7.97% | -2.72% | 2.35% |
| Operating CF Growth % | 839.02% | -405.54% | 118.19% | -200.46% | 429.68% | -257.42% | - |
| Net Income | 444.14M | 552.3M | -24.91M | -18.57M | -9.32M | -32.6M | 6.35M |
| Depreciation & Amortization | 57.66M | 25.4M | 15.21M | 11.65M | 9.09M | 8.23M | 7.88M |
| Stock-Based Compensation | 4.63M | 20.3M | 18.37M | 29.96M | 52.3M | 75.27M | 65K |
| Deferred Taxes | 2.57M | 0 | -1.81M | 5.88M | 11.18M | 15.53M | 3.44M |
| Other Non-Cash Items | -607.15M | -651.9M | -7.99M | 27.27M | 713K | -19.01M | 8.94M |
| Working Capital Changes | -42.79M | 23.3M | 11.15M | -111.24M | -9.17M | -64.05M | -16.13M |
| Change in Receivables | 48.94M | -2.7M | -4.29M | 755K | -3.25M | -215K | 833K |
| Change in Inventory | 2.61M | -6.6M | -10.37M | -130.12M | 16.91M | -77.92M | -33.1M |
| Change in Payables | 17.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 491.85M | 618.7M | -11.81M | -22.76M | -11.92M | -2.89M | -2.42M |
| Capital Expenditures | -8.28M | -3.9M | -11.81M | -22.76M | -11.92M | -2.93M | -2.42M |
| CapEx % of Revenue | 0.34% | 0.31% | 1.4% | 2.97% | 1.73% | 0.48% | 0.54% |
| Acquisitions | 623.31M | 622.5M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 518.19K | 100K | 0 | 2K | 0 | 40K | 0 |
| Cash from Financing | -55.38M | 100K | -13.28M | -5.44M | -6.05M | 86.93M | -878K |
| Debt Issued (Net) | -43.15M | -10.1M | -7.92M | -4.06M | -5.42M | -187.49M | 2.1M |
| Equity Issued (Net) | 2.57M | 0 | 0 | 0 | 0 | 283.22M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -14.8M | 10.2M | -5.35M | -1.38M | -629K | -8.81M | -2.97M |
| Net Change in Cash | -85.58M | 588.49M | -15.03M | -83.37M | 36.75M | 67.39M | 7.25M |
| Free Cash Flow | -150.09M | -34.5M | -1.79M | -77.81M | 42.88M | -19.56M | 8.14M |
| FCF Margin % | -6.17% | -2.75% | -0.21% | -10.16% | 6.23% | -3.19% | 1.81% |
| FCF Growth % | -940.19% | -1823.08% | 97.69% | -281.48% | 319.25% | -340.28% | - |
| FCF per Share | -1.07 | -0.35 | -0.02 | -0.90 | 0.50 | -0.25 | 0.09 |
| FCF Conversion (FCF/Net Income) | -0.34x | -0.06x | -0.40x | 3.23x | -5.88x | 0.51x | 1.66x |
| Interest Paid | 3.01M | 7M | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Integration-driven cash volatility
According to the latest quarterly data, LUXE's operating cash flow of -$92.4M significantly trails its net loss of -$36.0M, highlighting a persistent inability to convert accounting results into tangible liquidity as the company navigates the complex integration of its newly acquired luxury brand portfolio.
The consistent divergence between net income and operating cash flow suggests that the company's reported earnings are heavily influenced by non-cash items and working capital volatility. Investors should monitor whether this negative conversion ratio is a temporary byproduct of merger-related restructuring or a structural flaw in the company's cash-generating model.
As reported in financial statements, LUXE's free cash flow trajectory remains highly erratic, swinging from a positive $110.9M in 2025Q2 to a deep deficit of -$93.5M in 2025Q3, reflecting the extreme sensitivity of the business to seasonal inventory cycles and post-merger operational expenditures.
The lack of a stable free cash flow trend indicates that the business is currently in a capital-intensive phase where cash burn is the primary outcome of its growth strategy. This volatility may imply that the company lacks the operational maturity to maintain consistent cash generation across different quarters.
Based on LUXE's reported figures, working capital changes have become a primary driver of cash flow instability, with a massive $80.9M outflow in 2025Q3 alone, suggesting that the company is struggling to efficiently manage its inventory levels following the recent YNAP acquisition.
The significant swings in working capital suggest that the company is either building up inventory in anticipation of demand that has yet to materialize or is facing challenges in clearing older stock. This pattern warrants further investigation into whether the company's inventory turnover metrics are deteriorating under the new, larger operational footprint.
Analysis of the cash flow statement reveals that while stock-based compensation remains relatively modest, the company's reliance on non-cash adjustments to mask operational losses appears to be increasing, as evidenced by the $19.1M in depreciation and amortization recorded in the most recent quarter.
The reliance on D&A to bridge the gap between net income and operating cash flow may obscure the true extent of the company's cash burn. Investors should be wary of the potential for future impairment charges if the assets acquired during the YNAP merger fail to generate the anticipated returns.
Quick answers to the most common questions about buying LUXE stock.
LuxExperience B.V. (LUXE) generated $-30.6M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
LuxExperience B.V. (LUXE) reported negative free cash flow of $34.5M in 2024, indicating capital requirements exceeded cash from operations.
LuxExperience B.V. (LUXE) spent $3.9M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.