Exponent, Inc. (EXPO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | -975K | 55.58M | 32.65M | 36.22M | 7.27M | 56.05M | 29.71M | 48.34M | 10.43M | 71.31M | 22.2M | 40.55M | -6.7M | 40.57M | 29.42M | 30.17M | -6.35M | 54.19M | 24.93M | 44.17M |
| Operating CF Margin % | -0.59% | 37.7% | 22.19% | 25.52% | 5% | 40.98% | 21.8% | 34.4% | 7.6% | 58.02% | 17.77% | 31.27% | -5.21% | 36.03% | 25.55% | 25.52% | -5.39% | 51.94% | 22.98% | 39.27% |
| Operating CF Growth % | -113.4% | -0.84% | 9.89% | -25.07% | -30.27% | -21.4% | 33.84% | 19.22% | 255.63% | 75.77% | -24.54% | 34.4% | -5.53% | -25.13% | 18.03% | -31.7% | -594.32% | 32.61% | -11.76% | -8.05% |
| Net Income | 29.57M | 24.76M | 28.04M | 26.55M | 26.65M | 23.59M | 26.04M | 29.23M | 30.14M | 20.93M | 24.54M | 25.75M | 29.12M | 22.52M | 24.44M | 25.75M | 29.61M | 20.38M | 24.57M | 25.4M |
| Depreciation & Amortization | 2.52M | 2.54M | 2.53M | 2.52M | 2.49M | 2.49M | 2.39M | 2.49M | 2.32M | 2.38M | 2.36M | 2.19M | 1.99M | 1.85M | 1.72M | 1.81M | 1.69M | 1.54M | 1.65M | 1.64M |
| Stock-Based Compensation | 9.06M | 5.03M | 5.34M | 5.25M | 8.18M | 4.86M | 5.46M | 5.58M | 7.34M | 3.18M | 4.89M | 5.22M | 7.06M | 4.29M | 4.61M | 4.6M | 6.87M | 4.02M | 4.37M | 4.59M |
| Deferred Taxes | 3.16M | -3.99M | -2.87M | 132K | -3.23M | -2.78M | -2.79M | 664K | 1.6M | 624K | -2.24M | -28K | 1.73M | -3.41M | -3.53M | -467K | 45K | -3.98M | -1.47M | -1.77M |
| Other Non-Cash Items | 268K | 891K | 1.51M | 330K | 256K | 1.31M | 781K | 1.08M | 1.28M | 1.31M | 625K | 394K | 892K | 969K | 642K | 784K | 686K | 761K | 264K | 284K |
| Working Capital Changes | -45.55M | 26.35M | -1.91M | 1.44M | -27.08M | 26.59M | -2.18M | 9.3M | -32.25M | 42.88M | -7.98M | 7.02M | -47.49M | 14.34M | 1.54M | -2.31M | -45.25M | 31.47M | -4.45M | 14.02M |
| Change in Receivables | -16.1M | -402K | -12.49M | -4.55M | -5.64M | 5.9M | -3.53M | -4.07M | 3.2M | 13.08M | -6.55M | -3.16M | -3.84M | -5.07M | -4.88M | -15.05M | -8.33M | 3.42M | -1.56M | -18.82M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.41M |
| Change in Payables | 6.1M | 3.71M | -189K | -7.44M | 11.6M | -1.07M | -1.05M | -22K | 2.58M | 2.04M | 2.02M | -6.84M | -2.27M | -2.92M | 5.72M | -5.82M | 5.23M | 2.66M | -5.94M | 8.27M |
| Cash from Investing | -2.45M | -2.69M | -2.67M | -2.27M | -1.75M | -2.6M | -1.71M | -1.15M | -1.48M | -1.93M | -3.31M | -5.45M | -5.67M | -2.94M | -3.19M | -3.31M | -2.61M | 23.61M | -26.19M | 28.27M |
| Capital Expenditures | -2.45M | -2.69M | -2.67M | -2.27M | -1.75M | -2.6M | -1.71M | -1.15M | -1.48M | -1.93M | -3.31M | -5.45M | -5.67M | -2.94M | -3.19M | -3.31M | -2.61M | -1.39M | -1.19M | -1.73M |
| CapEx % of Revenue | 1.47% | 1.82% | 1.82% | 1.6% | 1.21% | 1.9% | 1.26% | 0.82% | 1.08% | 1.57% | 2.65% | 4.2% | 4.4% | 2.61% | 2.77% | 2.8% | 2.21% | 1.33% | 1.1% | 1.54% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 10M |
| Cash from Financing | -99.68M | -38.4M | -54.51M | -47.47M | -20.05M | -12.32M | -12.96M | -12.6M | -27.23M | -20.04M | -29.58M | -12.65M | -23.74M | -25.42M | -42.02M | -75.13M | -73.41M | -9.99M | -8.77M | -16.97M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -77.98M | -23.52M | -40.03M | -32.68M | 484K | -1K | 1K | -244K | -4.85M | -7.26M | -16.97M | 563K | 680K | -13.66M | -30.35M | -63.29M | -47.99M | 436K | 1.65M | -7.03M |
| Dividends Paid | -16.58M | -14.89M | -15.07M | -15.21M | -16.37M | -14.23M | -14.21M | -14.19M | -15.58M | -13.15M | -13.18M | -13.22M | -14.5M | -12.15M | -12.22M | -12.35M | -12.51M | -10.42M | -10.42M | -10.42M |
| Share Repurchases | -78.76M | -24.38M | -40.03M | -32.68M | 0 | -1K | 1K | -244K | -5.47M | -7.24M | -16.97M | 0 | 0 | -13.66M | -30.35M | -63.29M | -48.55M | 0 | 0 | -7M |
| Other Financing | -5.11M | 0 | 595K | 427K | -4.17M | 1.91M | 1.25M | 1.83M | -6.8M | 372K | 569K | 0 | -9.92M | 393K | 557K | 506K | -12.9M | 0 | 0 | 480K |
| Net Change in Cash | -103.38M | 14.55M | -24.42M | -13.31M | -13.79M | 39.19M | 16.45M | 34.6M | -18.48M | 50.05M | -11.07M | 22.52M | -35.81M | 13.02M | -17.18M | -49.43M | -82.64M | 67.9M | -10.17M | 55.43M |
| Free Cash Flow | -3.43M | 52.9M | 29.98M | 33.95M | 5.52M | 53.45M | 28M | 47.19M | 8.95M | 69.38M | 18.89M | 35.1M | -12.37M | 37.63M | 26.23M | 26.86M | -8.96M | 52.8M | 23.73M | 42.44M |
| FCF Margin % | -2.06% | 35.88% | 20.38% | 23.91% | 3.79% | 39.09% | 20.55% | 33.58% | 6.52% | 56.45% | 15.12% | 27.07% | -9.61% | 33.43% | 22.78% | 22.72% | -7.6% | 50.61% | 21.88% | 37.73% |
| FCF Growth % | -162.1% | -1.05% | 7.06% | -28.07% | -38.32% | -22.95% | 48.19% | 34.46% | 172.35% | 84.34% | -27.96% | 30.67% | -38.1% | -28.72% | 10.5% | -36.7% | -628.29% | 31.93% | -10.67% | -9.44% |
| FCF per Share | -0.07 | 1.05 | 0.58 | 0.66 | 0.11 | 1.03 | 0.54 | 0.92 | 0.17 | 1.35 | 0.37 | 0.68 | -0.24 | 0.73 | 0.50 | 0.51 | -0.17 | 0.99 | 0.45 | 0.80 |
| FCF Conversion (FCF/Net Income) | -0.03x | 2.24x | 1.16x | 1.36x | 0.27x | 2.38x | 1.14x | 1.65x | 0.35x | 3.41x | 0.90x | 1.57x | -0.23x | 1.80x | 1.20x | 1.17x | -0.21x | 2.66x | 1.01x | 1.74x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 12.04M | 18.87M | 0 | 0 | 10.57M | 17.39M | 1.1M | 11.19M | 11.29M | 0 | 0 | 0 | 0 | 0 | 852K | 0 | 0 | 0 |