Alliance Entertainment Holding Corporation (AENT) Cash Flow Statement
Where AENT’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- −$1.7M −106.3% vs FY2025
- Capital expenditures
- $1.1M 0.1% of revenue
- Free cash flow
- −$2.8M −0.2% margin
- Returned to shareholders
- —
- Change in cash
- −$422,000 cash at year-end $814,000
Cash from operations
−$1.7M
Capital expenditures
−$1.1M
Investments (net)
+$173,000
Acquisitions & other
−$1.1M
Net borrowing (repayment)
+$3.9M
Other financing
−$646,000
Change in cash
−$422,000
Drawn to scale: where the cash came from and how it was used. Hover for values.
AENT operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
AENT cash flow trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$5.2MFY2019 | −$1.7MFY2026 | — | |
| Capital expenditures | $4.4MFY2019 | $1.1MFY2026 | −16.2%/yr | |
| Free cash flow | −$9.6MFY2019 | −$2.8MFY2026 | — | |
| Free cash flow margin | −1.3%FY2019 | −0.2%FY2026 | +1.0 pts | |
| Operating cash flow / net income | 5.11FY2020 | −0.13FY2026 | −5.24 | |
| Stock-based compensation | $155,000FY2020 | $337,000FY2026 | +11.7%/yr | |
| Dividends paid | $6.8MFY2019 | $0FY2022 | −100.0% | |
| Capex / revenue | 0.6%FY2019 | 0.1%FY2026 | −0.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AENT cash flow by activity
OperatingInvestingFinancingChange in cash
AENT net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
AENT cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | $13.1M | $15.1M | $4.6M | −$31.4M | −$35.4M | $28.6M | $34.2M | $5.4M | −$5.9M |
| Depreciation & amortization | $5.4M | $5.3M | $5.9M | $6.6M | $6.6M | $8.3M | $11.4M | $15.8M | $14.1M |
| Stock-based compensation | $337,000 | $58,000 | $1.4M | $1.5M | $216,000 | $496,000 | $312,000 | $155,000 | — |
| Change in working capital | −$32.0M | −$2.2M | $46.0M | $68.9M | $28.6M | −$119.9M | $27.0M | $4.4M | −$4.2M |
| Other non-cash items | $11.5M | $8.5M | −$2.1M | $3.1M | $3.4M | −$1.0M | $1.9M | $1.6M | −$9.2M |
| Cash from operating activities | −$1.7M | $26.8M | $55.8M | $48.8M | $3.4M | −$83.6M | $74.7M | $27.4M | −$5.2M |
| Investing activities | |||||||||
| Capital expenditures | −$1.1M | −$54,000 | −$183,000 | $0 | −$825,000 | −$50,000 | −$650,000 | −$2.7M | −$4.4M |
| Investments (net) | $173,000 | −$8.1M | −$117,000 | −$825,000 | −$824,000 | −$116.2M | −$66.1M | −$5.3M | — |
| Acquisitions & other investing | −$1.1M | $54,000 | $183,000 | — | $825,000 | $116.2M | $650,000 | $2.7M | $0 |
| Cash from investing activities | −$2.0M | −$8.1M | −$117,000 | — | −$824,000 | −$50,000 | −$66.1M | −$5.3M | −$4.4M |
| Financing activities | |||||||||
| Dividends paid | — | — | — | — | — | $0 | −$6.8M | −$6.8M | −$6.8M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | −$25,000 | — | — |
| Net borrowing (repayment) | $3.9M | −$18.6M | −$53.3M | — | −$3.2M | $81.0M | $1.3M | −$27.2M | $10.1M |
| Shares issued | $0 | $0 | $2.1M | $0 | $0 | $114.0M | $0 | $3.9M | $0 |
| Other financing | −$646,000 | $0 | −$4.2M | −$47.6M | $0 | −$114.0M | −$475,000 | $6.8M | $6.8M |
| Cash from financing activities | $3.3M | −$18.6M | −$55.4M | −$47.6M | −$3.2M | $81.0M | −$6.0M | −$23.4M | $10.1M |
| Summary | |||||||||
| Net change in cash | −$422,000 | $107,000 | $264,000 | $427,000 | −$604,000 | −$2.6M | $2.7M | −$1.5M | $476,000 |
| Cash at end of period | $814,000 | $1.2M | $1.1M | $1.2M | $865,000 | $1.5M | $4.0M | $1.3M | $2.9M |
| Free cash flow | −$2.8M | $26.8M | $55.6M | $48.0M | $2.6M | −$83.6M | $74.1M | $24.7M | −$9.6M |
| Free cash flow margin | −0.2% | 2.5% | 5.1% | 4.2% | 0.2% | −5.9% | 5.6% | 3.2% | −1.3% |
| Capex / revenue | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.3% | 0.6% |
| Operating cash flow / net income | −0.13 | 1.78 | 12.17 | — | — | −2.92 | 2.19 | 5.11 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$3.5M | $2.3M | $9.4M | $1.9M | $7.1M | $1.9M | −$3.4M | $397,000 | $2.5M | −$3.4M | $8.9M | −$3.5M |
| Depreciation & amortization | $1.4M | $1.4M | $1.3M | $1.3M | $1.3M | $1.4M | $1.4M | $1.3M | $1.8M | $1.4M | $1.5M | $1.6M |
| Stock-based compensation | $188,000 | $55,000 | $69,000 | $25,000 | $58,000 | −$1.4M | −$58,000 | $0 | $12,000 | −$14,000 | $58,000 | $1.3M |
| Change in working capital | −$11.6M | $17.3M | −$31.6M | −$1.8M | $13.7M | $1.8M | $21.6M | −$12.9M | $5.8M | $23.2M | −$43.5M | −$2.4M |
| Other non-cash items | $4.5M | $46,000 | $4.3M | $1.1M | $3.2M | −$1.1M | $1.9M | −$329,000 | −$431,000 | −$1.2M | $61.8M | $129,000 |
| Cash from operating activities | −$9.0M | $21.1M | −$16.5M | $2.5M | $25.2M | $2.5M | $21.4M | −$11.6M | $9.7M | $20.0M | $28.8M | −$2.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$100,000 | −$262,000 | −$367,000 | −$42,000 | −$2,000 | −$42,000 | −$55,000 | −$10,000 | −$3,000 | −$55,000 | −$131,000 | $0 |
| Investments (net) | $137,000 | $0 | — | −$319,000 | −$546,000 | −$42,000 | −$7.5M | −$10,000 | $26,000 | −$12,000 | −$131,000 | $0 |
| Acquisitions & other investing | $0 | $0 | −$1.1M | $319,000 | −$7.0M | $42,000 | $7.6M | $10,000 | $3,000 | $55,000 | $131,000 | — |
| Cash from investing activities | $37,000 | −$262,000 | −$1.5M | −$42,000 | −$7.5M | −$42,000 | −$12,000 | −$10,000 | $26,000 | −$12,000 | −$131,000 | — |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | — | −$1.4M | −$1.4M | — | — |
| Net borrowing (repayment) | $8.6M | −$21.0M | $16.8M | −$364,000 | −$11.0M | −$2.9M | −$19.5M | $14.8M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.2M | $1.3M |
| Other financing | $0 | $0 | −$596,000 | −$2.5M | −$8.5M | $0 | −$2.9M | $0 | −$8.8M | −$19.6M | −$29.5M | $1.8M |
| Cash from financing activities | $8.6M | −$21.0M | $16.2M | −$2.9M | −$19.5M | −$2.9M | −$22.4M | $14.8M | −$10.2M | −$21.0M | −$27.3M | $3.1M |
| Summary | ||||||||||||
| Net change in cash | −$423,000 | −$142,000 | −$1.8M | −$460,000 | −$1.8M | −$460,000 | −$1.0M | $3.2M | −$513,000 | −$1.0M | $1.4M | $360,000 |
| Cash at end of period | $814,000 | $1.2M | $1.4M | $2.0M | $2.5M | $2.0M | $1.6M | $4.3M | $1.1M | $1.6M | $2.7M | $1.2M |
| Free cash flow | −$9.1M | $20.9M | −$16.9M | $2.4M | $25.2M | $2.4M | $21.3M | −$11.6M | $9.7M | $20.0M | $28.7M | −$2.7M |
| Free cash flow margin | −3.4% | 8.1% | −4.6% | 1.0% | 11.1% | 1.1% | 5.4% | −5.1% | 4.1% | 9.4% | 6.7% | −1.2% |
| Capex / revenue | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | 9.15 | −1.76 | 1.33 | 3.57 | 1.33 | — | −29.27 | 3.85 | — | 3.24 | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
AENT cash generation
In fiscal 2026 (ended June 30, 2026), Alliance Entertainment generated -$1.7 million of cash from operations (down 106.3%) and spent $1.1 million on capital expenditures, leaving free cash flow of -$2.8 million, −0.2% of revenue. Cash and equivalents fell by $0.4 million over the year.
Related: AENT income statement, AENT balance sheet. See the AENT stock overview for the latest quote and news.
AENT cash flow FAQ
What is Alliance Entertainment's free cash flow?
Alliance Entertainment's free cash flow was -$2.8 million in fiscal 2026: -$1.7 million of operating cash flow minus $1.1 million of capital expenditures It was $26.8 million a year earlier..
How much cash does Alliance Entertainment generate from operations?
Alliance Entertainment generated -$1.7 million of cash from operating activities in fiscal 2026, −0.13 times its net income of $13.1 million.
How much does Alliance Entertainment spend on capital expenditures?
Alliance Entertainment spent $1.1 million on capital expenditures in fiscal 2026, 0.1% of revenue, compared with $0.1 million the year before.