Birks Group Inc. (BGICF) Cash Flow Statement

NYSE MKT: BGICFOperating cash, capex, free cash flow and buybacks.

Where BGICF’s cash came from and went, FY2026

March 31, 2026 · Canadian dollars
Cash from operations
C$170,000
Capital expenditures
C$2.8M
1.4% of revenue
Free cash flow
−C$2.6M
−1.3% margin
Returned to shareholders
—
Change in cash
−C$47,000
cash at year-end C$1.5M
Borrowing: C$11.0MBorrowingC$11.0MCash from operations, Drawn from cash: C$217,000Other sourcesC$217,000Capital expenditures: C$2.8MCapital expendituresC$2.8M · 25%Other financing: C$1.4MOther financingC$1.4M · 13%Currency & other: C$7.0MCurrency & otherC$7.0M · 63%C$11.2M
Cash from operations
C$170,000
Capital expenditures
−C$2.8M
Net borrowing (repayment)
+C$11.0M
Other financing
−C$1.4M
Currency & other
−C$7.0M
Change in cash
−C$47,000

Drawn to scale: where the cash came from and how it was used. Hover for values.

BGICF operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

BGICF cash flow trends, FY2023–FY2026

MetricTrendThenLatestChange
Operating cash flow−C$6.9MFY2023C$170,000FY2026—
Capital expendituresC$9.4MFY2023C$2.8MFY2026−33.4%/yr
Free cash flow−C$16.3MFY2023−C$2.6MFY2026—
Free cash flow margin−10.0%FY2023−1.3%FY2026+8.8 pts
Capex / revenue5.8%FY20231.4%FY2026−4.4 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

BGICF cash flow by activity

OperatingInvestingFinancingChange in cash

BGICF 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).

BGICF cash flow statement in Canadian dollars

FY2026FY2025FY2024FY2023
Operating activities
Net income−C$3.4M−C$12.8M−C$4.6M−C$7.4M
Depreciation & amortizationC$7.3MC$7.7MC$6.6MC$5.7M
Change in working capital−C$2.1MC$2.7MC$236,000−C$3.3M
Other non-cash items−C$1.7MC$431,000−C$2.4M−C$1.9M
Cash from operating activitiesC$170,000−C$1.9M−C$170,000−C$6.9M
Investing activities
Capital expenditures−C$2.8M−C$7.5M−C$7.2M−C$9.4M
Financing activities
Net borrowing (repayment)C$11.0MC$9.3MC$8.0MC$15.2M
Shares issuedC$0C$0C$0C$0
Other financing−C$1.4M−C$103,000−C$103,000C$365,000
Cash from financing activitiesC$9.6MC$9.2MC$7.9MC$15.6M
Summary
Net change in cash−C$47,000−C$274,000C$521,000−C$751,000
Cash at end of periodC$1.5MC$1.5MC$1.8MC$1.3M
Free cash flow−C$2.6M−C$9.5M−C$7.4M−C$16.3M
Free cash flow margin−1.3%−5.3%−4.0%−10.0%
Capex / revenue1.4%4.2%3.9%5.8%

Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported; data from EODHD.

BGICF cash generation

In fiscal 2026 (ended March 31, 2026), Birks generated C$0.2 million of cash from operations and spent C$2.8 million on capital expenditures, leaving free cash flow of -C$2.6 million, −1.3% of revenue. Cash and equivalents fell by C$0.0 million over the year.

Related: BGICF income statement, BGICF balance sheet. See the BGICF stock overview for the latest quote and news.

BGICF cash flow FAQ

What is Birks's free cash flow?

Birks's free cash flow was -C$2.6 million in fiscal 2026: C$0.2 million of operating cash flow minus C$2.8 million of capital expenditures It was -C$9.5 million a year earlier..

How much cash does Birks generate from operations?

Birks generated C$0.2 million of cash from operating activities in fiscal 2026.

How much does Birks spend on capital expenditures?

Birks spent C$2.8 million on capital expenditures in fiscal 2026, 1.4% of revenue, compared with C$7.5 million the year before.

Luxury Goods: cash flow