America's Car-Mart, Inc. (CRMT) Cash Flow Statement
Where CRMT’s cash came from and went, FY2026
April 30, 2026 · U.S. dollars- Cash from operations
- $65.0M
- Capital expenditures
- $1.8M 0.1% of revenue
- Free cash flow
- $63.1M 4.9% margin
- Returned to shareholders
- $337,000 1% of free cash flow
- Change in cash
- $7.1M cash at year-end $131.6M
Cash from operations
$65.0M
Capital expenditures
−$1.8M
Acquisitions & other
+$289,000
Share buybacks (net)
−$297,000
Net borrowing (repayment)
−$34.2M
Other financing
−$22.1M
Change in cash
$7.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CRMT operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CRMT cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $7.3MFY2017 | $65.0MFY2026 | +27.4%/yr | |
| Capital expenditures | $1.6MFY2017 | $1.8MFY2026 | +1.5%/yr | |
| Free cash flow | $5.7MFY2017 | $63.1MFY2026 | +30.5%/yr | |
| Free cash flow margin | 1.0%FY2017 | 4.9%FY2026 | +3.9 pts | |
| Operating cash flow / net income | 0.36FY2017 | −2.72FY2025 | −3.08 | |
| Stock-based compensation | $1.3MFY2017 | $3.7MFY2026 | +12.5%/yr | |
| Dividends paid | $40,000FY2017 | $40,000FY2026 | 0.0%/yr | |
| Share buybacks (net) | $20.5MFY2017 | $297,000FY2026 | −37.5%/yr | |
| Capex / revenue | 0.3%FY2017 | 0.1%FY2026 | −0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRMT cash flow by activity
OperatingInvestingFinancingChange in cash
CRMT 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).
CRMT cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$139.1M | $17.9M | −$31.4M | $20.4M | $93.3M | $104.1M | $51.3M | $47.6M | $36.5M | $20.2M |
| Depreciation & amortization | $8.2M | $7.6M | $6.9M | $5.6M | $4.0M | $3.7M | $3.8M | $4.0M | $4.2M | $4.3M |
| Stock-based compensation | $3.7M | $4.7M | $4.2M | $5.3M | $5.5M | $6.0M | $4.7M | $3.7M | $1.6M | $1.3M |
| Change in working capital | −$300.0M | −$498.5M | −$495.8M | −$542.0M | −$490.6M | −$357.6M | −$218.1M | −$195.6M | −$192.2M | −$184.1M |
| Other non-cash items | $492.1M | $419.4M | $442.2M | $372.7M | $273.5M | $190.0M | $179.1M | $165.2M | $159.8M | $165.6M |
| Cash from operating activities | $65.0M | −$48.8M | −$73.9M | −$138.0M | −$114.3M | −$53.8M | $20.9M | $24.9M | $10.0M | $7.3M |
| Investing activities | ||||||||||
| Capital expenditures | −$1.8M | −$3.9M | −$6.1M | −$22.2M | −$20.9M | −$9.0M | −$5.4M | −$4.0M | −$2.3M | −$1.6M |
| Investments (net) | $0 | −$11.4M | −$10.6M | −$25.3M | −$1.3M | −$8.3M | −$4.6M | $293.7M | $260.1M | $249.3M |
| Acquisitions & other investing | $289,000 | $3.9M | $6.1M | $20.0M | $0 | $9.0M | $184,000 | −$293.6M | −$259.6M | −$248.3M |
| Cash from investing activities | −$1.5M | −$11.4M | −$10.6M | −$27.6M | −$22.2M | −$8.3M | −$9.9M | −$3.9M | −$1.7M | −$655,000 |
| Financing activities | ||||||||||
| Dividends paid | −$40,000 | −$40,000 | −$40,000 | −$40,000 | −$40,000 | −$40,000 | −$40,000 | −$40,000 | −$40,000 | −$40,000 |
| Share repurchases & issuance (net) | −$297,000 | −$434,000 | −$365,000 | −$5.2M | −$34.7M | −$10.6M | −$16.0M | −$26.6M | −$42.3M | −$20.5M |
| Net borrowing (repayment) | −$34.2M | $25.6M | $117.4M | $192.5M | $218.3M | $11.8M | $61.1M | $1.4M | $33.0M | $10.9M |
| Shares issued | $218,000 | $74.1M | $282,000 | $286,000 | $293,000 | $258,000 | $190,000 | $147,000 | $0 | $0 |
| Other financing | −$22.1M | −$8.6M | −$6.4M | $1.2M | −$7.6M | $4.0M | $1.5M | $4.7M | $1.7M | $2.8M |
| Cash from financing activities | −$56.4M | $90.7M | $111.0M | $188.7M | $176.2M | $5.4M | $46.8M | −$20.3M | −$7.7M | −$6.8M |
| Summary | ||||||||||
| Net change in cash | $7.1M | $30.5M | $26.4M | −$17.1M | $39.7M | −$56.7M | $57.8M | $730,000 | $588,000 | −$168,000 |
| Cash at end of period | $131.6M | $125.0M | $94.4M | $25.4M | $42.6M | $2.9M | $59.6M | $1.8M | $1.0M | $434,000 |
| Free cash flow | $63.1M | −$52.7M | −$80.1M | −$160.2M | −$135.2M | −$62.8M | $15.5M | $20.9M | $7.7M | $5.7M |
| Free cash flow margin | 4.9% | −3.8% | −5.7% | −11.4% | −11.2% | −6.8% | 2.1% | 3.1% | 1.3% | 1.0% |
| Capex / revenue | 0.1% | 0.3% | 0.4% | 1.6% | 1.7% | 1.0% | 0.7% | 0.6% | 0.4% | 0.3% |
| Operating cash flow / net income | — | −2.72 | — | −6.75 | −1.22 | −0.52 | 0.41 | 0.52 | 0.27 | 0.36 |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$69.0M | −$29.6M | −$76.7M | −$22.5M | −$5.7M | $10.6M | $3.2M | $5.1M | −$964,000 | $426,000 | −$8.5M | −$27.5M |
| Depreciation & amortization | $1.8M | $1.9M | $2.0M | $2.1M | $2.1M | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $1.7M | $1.7M |
| Stock-based compensation | −$190,000 | $1.2M | $969,000 | $1.2M | $1.2M | $923,000 | −$1.5M | $3.9M | $1.3M | $1.3M | $1.1M | −$712,000 |
| Change in working capital | $64.6M | −$7.6M | −$52.0M | −$106.4M | −$116.9M | −$96.2M | −$127.8M | −$137.1M | −$122.3M | −$124.8M | −$77.1M | −$146.9M |
| Other non-cash items | $82.9M | $101.7M | $119.7M | $134.6M | $113.4M | $101.9M | $93.5M | $103.9M | $105.1M | $110.6M | $95.7M | $142.7M |
| Cash from operating activities | $80.1M | $67.7M | −$5.9M | $9.1M | −$5.9M | $19.2M | −$30.8M | −$22.2M | −$15.0M | −$10.7M | $13.0M | −$30.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$90,000 | −$289,000 | −$278,000 | −$784,000 | −$459,000 | −$759,000 | −$751,000 | −$1.4M | −$986,000 | −$1.3M | −$2.7M | −$209,000 |
| Investments (net) | — | $0 | — | — | −$439,000 | −$783,000 | −$751,000 | −$1.3M | −$8.5M | −$1.3M | −$7.7M | −$738,000 |
| Acquisitions & other investing | $881,000 | $135,000 | $38,000 | $96,000 | $459,000 | $759,000 | $751,000 | $1.4M | $986,000 | $1.3M | $2.7M | $209,000 |
| Cash from investing activities | $791,000 | −$154,000 | −$240,000 | −$688,000 | −$439,000 | −$783,000 | −$751,000 | −$1.3M | −$8.5M | −$1.3M | −$7.7M | −$738,000 |
| Financing activities | ||||||||||||
| Dividends paid | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 | −$10,000 |
| Share repurchases & issuance (net) | −$25,000 | $2,000 | −$23,000 | −$205,000 | −$71,000 | −$2,000 | −$20,000 | −$388,000 | −$24,000 | −$29,000 | −$268,000 | −$1,000 |
| Net borrowing (repayment) | −$101.9M | −$170.8M | −$5.8M | $137.4M | $5.0M | −$18.3M | $30.7M | −$15.8M | $29.0M | — | — | — |
| Shares issued | $29,000 | $40,000 | $58,000 | $51,000 | $69,000 | $65,000 | $72,000 | $73.9M | $76,000 | $64,000 | $75,000 | $65,000 |
| Other financing | −$662,000 | −$2.2M | −$2.1M | −$16.1M | −$1.7M | −$2.0M | −$2.5M | −$3.1M | −$1.4M | $11.9M | −$4.9M | $33.7M |
| Cash from financing activities | −$102.5M | −$172.9M | −$7.8M | $121.2M | $3.2M | −$20.3M | $28.2M | $54.6M | $27.7M | $11.9M | −$5.1M | $33.8M |
| Summary | ||||||||||||
| Net change in cash | −$21.7M | −$105.3M | −$14.0M | $129.5M | −$3.1M | −$1.8M | −$3.3M | $31.1M | $4.2M | −$142,000 | $96,000 | $2.3M |
| Cash at end of period | $110.0M | $131.6M | $237.0M | $251.0M | $121.4M | $124.5M | $126.4M | $129.7M | $98.6M | $94.4M | $94.6M | $2.3M |
| Free cash flow | $80.1M | $67.3M | −$6.2M | $8.3M | −$6.4M | $18.5M | −$31.5M | −$23.6M | −$16.0M | −$12.0M | $10.2M | −$30.9M |
| Free cash flow margin | 54.9% | 27.7% | −2.2% | 2.4% | −1.9% | 6.0% | −9.7% | −6.8% | −4.7% | −3.3% | 3.4% | −8.9% |
| Capex / revenue | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.4% | 0.3% | 0.4% | 0.9% | 0.1% |
| Operating cash flow / net income | — | — | — | — | — | 1.81 | −9.73 | −4.36 | — | −25.18 | — | — |
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.
CRMT cash generation
In fiscal 2026 (ended April 30, 2026), America's Car-Mart generated $65.0 million of cash from operations and spent $1.8 million on capital expenditures, leaving free cash flow of $63.1 million, 4.9% of revenue. It returned $0.3 million to shareholders through dividends ($0.0 million) and net share buybacks ($0.3 million). Cash and equivalents rose by $7.1 million over the year.
Related: CRMT income statement, CRMT balance sheet. See the CRMT stock overview for the latest quote and news.
CRMT cash flow FAQ
What is America's Car-Mart's free cash flow?
America's Car-Mart's free cash flow was $63.1 million in fiscal 2026: $65.0 million of operating cash flow minus $1.8 million of capital expenditures It was -$52.7 million a year earlier..
How much cash does America's Car-Mart generate from operations?
America's Car-Mart generated $65.0 million of cash from operating activities in fiscal 2026.
How much does America's Car-Mart spend on capital expenditures?
America's Car-Mart spent $1.8 million on capital expenditures in fiscal 2026, 0.1% of revenue, compared with $3.9 million the year before.
How much stock does America's Car-Mart buy back?
America's Car-Mart spent $0.3 million on net share repurchases in fiscal 2026.
How much does America's Car-Mart pay in dividends?
America's Car-Mart paid $0.0 million in dividends in fiscal 2026, 0.1% of free cash flow.