Operating cash flow remains robust, peaking at $421.7 million in 2025Q4, which enabled a significant $137.1 million share buyback in 2026Q1.
| Cash from Operations | 990.11M | 797.43M | 553.89M | 443M | 157.12M |
| Operating CF Growth % | 482.02% | 43.97% | 25.03% | 181.96% | - |
| Operating CF / Revenue % | 78.36% | 68.99% | 65.41% | 94.55% | 64.81% |
| Net Income | 490.98M | 0 | 201.13M | 87.37M | 22.3M |
| Depreciation & Amortization | -1.66M | 0 | 10.31M | 8.73M | 5.93M |
| Stock-Based Compensation | 65K | 0 | 2.88M | 2.28M | 1.36M |
| Deferred Taxes | 7.41M | 0 | -5.12M | -9.93M | -2.31M |
| Other Non-Cash Items | 944.03M | 397.89M | -3.08M | 6.69M | -6K |
| Working Capital Changes | -6.77M | 399.54M | 347.76M | 347.85M | 129.84M |
| Cash from Investing | -261.02M | -115.18M | -204M | -250.33M | -52.1M |
| Capital Expenditures | -91K | -2.86M | -10.09M | -8.68M | -5.27M |
| Acquisitions | 0 | 0 | 0 | 0 | -2.81M |
| Purchase of Investments | -143.26M | -197.74M | -234.6M | -256.21M | -29.52M |
| Sale/Maturity of Investments | -3.12M | 85.42M | 40.7M | 14.56M | 411K |
| Other Investing | -114.54M | 0 | 0 | 0 | -14.91M |
| Cash from Financing | 74.39M | 210.88M | -2.41M | 20.5M | 23.1M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -137.11M | -40M | 0 | -4M | 0 |
| Stock Issued | 636K | 265.19M | 0 | 11K | 0 |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | 1000K |
| Other Financing | 73.54M | -8.31M | -9.29M | 0 | 0 |
| Net Change in Cash | 803.48M | 893.13M | 347.48M | 213.17M | 128.11M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 1.68B | 789.84M | 442.36M | 229.19M | 101.08M |
| Cash at End | 1.7B | 1.68B | 789.84M | 442.36M | 229.19M |
| Free Cash Flow | 987.16M | 794.58M | 543.8M | 434.32M | 136.94M |
| FCF Growth % | 118.19% | 46.12% | 25.21% | 217.17% | - |
| FCF Margin % | 78.12% | 68.74% | 64.22% | 92.7% | 56.49% |
| FCF per Share | 7.23 | 5.75 | 4.35 | 3.48 | 6.5 |
Florida catastrophe reinsurance dependency
As evidenced by the quarterly cash flow data, Slide consistently generates positive operating cash flow, with a notable peak of $421.7 million in 2025Q4, demonstrating the company's ability to effectively manage the timing gap between premium collection and the settlement of insurance claims across its expanding policy book.
The consistent OCF/NI ratios, which frequently exceed 2.0x, suggest that the company is successfully converting accounting profits into tangible liquidity. This trend appears to validate the effectiveness of the company's underwriting model in capturing premiums ahead of loss events, providing a stable foundation for operational scaling.
Based on the provided financial data, Slide maintains an active investment strategy, frequently rotating capital through purchases and sales, with a significant $151.1 million investment outflow in 2026Q1, indicating a proactive approach to managing the float generated by its growing insurance operations in a fluctuating interest rate environment.
The frequent turnover in the investment portfolio suggests that management is prioritizing liquidity and yield optimization to support the underlying insurance reserves. Investors should monitor whether this high level of portfolio activity reflects a tactical response to market conditions or a structural necessity to maintain sufficient cash buffers for potential catastrophe claims.
According to the reported figures, the company's operating cash flow consistently outpaces net income, as seen in the 2024Q3 period where the OCF/NI ratio reached 6.81, suggesting that non-cash accruals and reserve adjustments play a significant role in the company's reported profitability metrics compared to actual cash generation.
This divergence between net income and operating cash flow may imply that the company is benefiting from conservative reserve accounting or timing differences in premium recognition. Analysts should investigate whether this cash-rich profile is sustainable or if it is partially driven by the rapid acquisition of new policy blocks that have not yet reached their full loss-development maturity.
As reported in the company's cash flow statements, Slide initiated a significant $137.1 million buyback in 2026Q1, signaling that management views the current cash position as sufficient to support both ongoing underwriting growth and the return of excess capital to shareholders despite the inherent volatility of the Florida market.
The decision to deploy substantial cash toward share repurchases suggests a high degree of confidence in the company's capital adequacy and future underwriting performance. However, this strategy warrants further investigation to ensure that such capital returns do not compromise the company's ability to absorb unexpected catastrophic losses or meet future reinsurance obligations.
Quick answers to the most common questions about buying SLDE stock.
Slide Insurance Holdings, Inc. Common Stock (SLDE) generated $797.4M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Slide Insurance Holdings, Inc. Common Stock (SLDE) generated $794.6M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Slide Insurance Holdings, Inc. Common Stock (SLDE) spent $2.9M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Slide Insurance Holdings, Inc. Common Stock (SLDE) spent $40.0M on share repurchases. This shows the company's commitment to returning capital to its equity investors.