Frequency Electronics, Inc. (FEIM) Cash Flow Statement
Where FEIM’s cash came from and went, FY2026
April 30, 2026 · U.S. dollars- Cash from operations
- $1.3M
- Capital expenditures
- $2.9M 4.5% of revenue
- Free cash flow
- −$1.6M −2.5% margin
- Returned to shareholders
- $1.6M
- Change in cash
- −$3.2M cash at year-end $2.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
FEIM operating cash flow, capex and free cash flow
FEIM cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $3.9MFY2017 | $1.3MFY2026 | −11.6%/yr | |
| Capital expenditures | $5.2MFY2017 | $2.9MFY2026 | −6.5%/yr | |
| Free cash flow | −$1.3MFY2017 | −$1.6MFY2026 | — | |
| Free cash flow margin | −2.7%FY2017 | −2.5%FY2026 | +0.2 pts | |
| Operating cash flow / net income | 17.88FY2021 | −0.06FY2025 | −17.94 | |
| Stock-based compensation | $662,000FY2017 | $2.0MFY2026 | +12.9%/yr | |
| Dividends paid | $0FY2017 | $0FY2026 | — | |
| Share buybacks (net) | $0FY2017 | $1.6MFY2026 | — | |
| Capex / revenue | 10.4%FY2017 | 4.5%FY2026 | −5.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FEIM cash flow by activity
FEIM net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FEIM cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$903,000 | $23.7M | $5.6M | −$5.5M | −$8.7M | $680,000 | −$10.0M | −$2.5M | −$23.8M | −$4.8M |
| Depreciation & amortization | $1.9M | $2.1M | $2.1M | $2.4M | $3.0M | $3.3M | $3.3M | $2.8M | $2.5M | $2.6M |
| Stock-based compensation | $2.0M | $1.2M | $822,000 | $197,000 | $247,000 | $273,000 | $312,000 | $500,000 | $470,000 | $662,000 |
| Change in working capital | −$2.6M | −$19.2M | −$108,000 | $1.6M | $7.3M | $7.0M | $2.2M | −$4.3M | $8.6M | −$2.9M |
| Other non-cash items | $900,000 | −$9.1M | $276,000 | $2.4M | $2.1M | $872,000 | $2.8M | $3.4M | $16.7M | $8.3M |
| Cash from operating activities | $1.3M | −$1.4M | $8.7M | $1.2M | $4.0M | $12.2M | −$1.4M | −$97,000 | $4.5M | $3.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$2.9M | −$1.8M | −$1.5M | −$918,000 | −$1.9M | −$1.2M | −$1.5M | −$2.8M | −$1.4M | −$5.2M |
| Investments (net) | — | −$1.8M | −$1.5M | $9.6M | −$422,000 | $46,000 | −$1.9M | −$1.9M | $1.5M | $3.8M |
| Acquisitions & other investing | $0 | $1.8M | $1.5M | $0 | $0 | $0 | $0 | $0 | $243,000 | −$40,000 |
| Cash from investing activities | −$2.9M | −$1.8M | −$1.5M | $8.7M | −$2.3M | −$1.2M | −$3.4M | −$4.7M | $341,000 | −$1.5M |
| Financing activities | ||||||||||
| Dividends paid | $0 | −$9.6M | $0 | −$9.4M | $0 | — | — | — | $0 | $0 |
| Share repurchases & issuance (net) | −$1.6M | −$377,000 | $0 | — | — | — | — | — | $0 | $0 |
| Net borrowing (repayment) | — | — | — | — | $0 | −$5.0M | $5.0M | $5.0M | $5.0M | −$6.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | −$3.0M | $0 | $0 | $0 | −$4.9M | −$671,000 |
| Cash from financing activities | −$1.6M | −$9.9M | $0 | −$9.4M | −$3.0M | −$5.0M | $5.0M | $5.0M | $55,000 | −$6.7M |
| Summary | ||||||||||
| Net change in cash | −$3.2M | −$13.2M | $7.2M | $488,000 | $1.8M | $6.0M | $125,000 | −$4.2M | $5.1M | −$3.3M |
| Cash at end of period | $2.9M | $6.1M | $19.3M | $12.0M | $11.6M | $9.8M | $3.8M | $3.7M | $7.9M | $2.7M |
| Free cash flow | −$1.6M | −$3.2M | $7.2M | $257,000 | $2.2M | $10.9M | −$2.9M | −$2.9M | $3.1M | −$1.3M |
| Free cash flow margin | −2.5% | −4.6% | 13.1% | 0.6% | 4.5% | 20.1% | −7.0% | −5.8% | 7.9% | −2.7% |
| Capex / revenue | 4.5% | 2.6% | 2.7% | 2.3% | 3.9% | 2.3% | 3.6% | 5.6% | 3.6% | 10.4% |
| Operating cash flow / net income | — | −0.06 | 1.56 | — | — | 17.88 | — | — | — | — |
| 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 | $4.2M | −$4.9M | $1.6M | $1.8M | $634,000 | $3.2M | $15.4M | $2.7M | $2.4M | $2.6M | $130,000 | $797,000 |
| Depreciation & amortization | $287,000 | $479,000 | — | — | — | $2.1M | — | $531,000 | $461,000 | — | $608,500 | — |
| Stock-based compensation | — | $2.0M | — | — | — | $1.2M | — | — | $822,000 | — | — | — |
| Change in working capital | −$4.1M | $4.4M | −$4.6M | $741,000 | −$741,000 | $3.8M | −$8.9M | $5.2M | −$5.2M | $4.7M | $3.2M | −$1.7M |
| Other non-cash items | $2.2M | $5.3M | $1.6M | −$3.1M | $1.3M | −$10.3M | −$10.2M | −$4.5M | −$17,000 | $141,000 | $281,500 | $729,000 |
| Cash from operating activities | $2.6M | $7.2M | −$1.4M | −$523,000 | $1.2M | −$155,000 | −$3.6M | $3.9M | −$1.5M | $7.5M | $4.2M | −$180,000 |
| Investing activities | ||||||||||||
| Capital expenditures | −$844,000 | −$605,000 | −$865,000 | −$613,000 | −$776,000 | −$631,000 | −$329,000 | −$327,000 | −$327,000 | −$821,000 | −$311,000 | −$173,000 |
| Investments (net) | — | — | — | — | −$776,000 | −$631,000 | −$329,000 | −$521,000 | −$327,000 | −$821,000 | −$311,000 | −$173,000 |
| Acquisitions & other investing | −$100,000 | $0 | $0 | $0 | $776,000 | $631,000 | $329,000 | $327,000 | $327,000 | — | $311,000 | $173,000 |
| Cash from investing activities | −$944,000 | −$605,000 | −$865,000 | −$613,000 | −$776,000 | −$631,000 | −$329,000 | −$521,000 | −$327,000 | — | −$311,000 | −$173,000 |
| Financing activities | ||||||||||||
| Dividends paid | — | $0 | $0 | — | — | $0 | −$162,000 | −$9.6M | — | $0 | $0 | — |
| Share repurchases & issuance (net) | −$617,000 | $0 | −$616,000 | −$375,000 | −$583,000 | $215,000 | −$215,000 | −$100,000 | −$62,000 | — | $0 | — |
| Shares issued | $58.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $0 | $0 | $0 | $0 | $0 | −$215,000 | $162,000 | −$62,000 | $0 | $0 | $0 | — |
| Cash from financing activities | $58.1M | $0 | −$616,000 | −$375,000 | −$583,000 | $0 | −$215,000 | −$9.7M | −$62,000 | $0 | $0 | — |
| Summary | ||||||||||||
| Net change in cash | $59.8M | $6.6M | −$2.9M | −$1.5M | −$198,000 | −$786,000 | −$4.2M | −$6.4M | −$1.8M | — | $3.9M | −$353,000 |
| Cash at end of period | $62.7M | $8.1M | $1.5M | $4.4M | $5.9M | $6.1M | $6.9M | $11.0M | $17.4M | $19.3M | $12.6M | $8.7M |
| Free cash flow | $1.8M | $6.6M | −$2.3M | −$1.1M | $385,000 | −$786,000 | −$4.0M | $4.2M | −$1.8M | $6.7M | $3.9M | −$353,000 |
| Free cash flow margin | 7.6% | 43.1% | −13.5% | −6.6% | 2.8% | −3.9% | −20.9% | 26.5% | −12.3% | 42.8% | 28.4% | −2.6% |
| Capex / revenue | 3.6% | 3.9% | 5.1% | 3.6% | 5.6% | 3.2% | 1.7% | 2.1% | 2.2% | 5.3% | 2.3% | 1.3% |
| Operating cash flow / net income | 0.62 | — | −0.90 | −0.29 | 1.83 | −0.05 | −0.24 | 1.46 | −0.63 | 2.85 | 32.36 | −0.23 |
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.
FEIM cash generation
In fiscal 2026 (ended April 30, 2026), Frequency Electronics generated $1.3 million of cash from operations and spent $2.9 million on capital expenditures, leaving free cash flow of -$1.6 million, −2.5% of revenue. It returned $1.6 million to shareholders through dividends ($0) and net share buybacks ($1.6 million). Cash and equivalents fell by $3.2 million over the year.
Related: FEIM income statement, FEIM balance sheet. See the FEIM stock overview for the latest quote and news.
FEIM cash flow FAQ
What is Frequency Electronics's free cash flow?
Frequency Electronics's free cash flow was -$1.6 million in fiscal 2026: $1.3 million of operating cash flow minus $2.9 million of capital expenditures It was -$3.2 million a year earlier..
How much cash does Frequency Electronics generate from operations?
Frequency Electronics generated $1.3 million of cash from operating activities in fiscal 2026.
How much does Frequency Electronics spend on capital expenditures?
Frequency Electronics spent $2.9 million on capital expenditures in fiscal 2026, 4.5% of revenue, compared with $1.8 million the year before.
How much stock does Frequency Electronics buy back?
Frequency Electronics spent $1.6 million on net share repurchases in fiscal 2026.