Alerus Financial (ALRS) Cash Flow: Operating & Free Cash Flow

Alerus Financial (ALRS) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Alerus Financial generated $67.53M of operating cash flow and spent $8.70M on capital expenditures. That left free cash flow of $58.83M, up 527.5% from $9.38M a year earlier, or 26.3% of revenue. It returned $21.56M to shareholders through $20.82M in dividends and $737.00K in share buybacks.

Alerus Financial Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Alerus Financial Corporation (ALRS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	17.44	17.78	11.70	40.01	52.68	44.68	29.54	25.87	15.00
Depreciation & Amortization	16.09	14.88	8.51	8.24	8.81	8.93	8.77	8.73	9.86
Deferred Income Tax	5.89	-3.98	0.89	0.91	2.79	-4.43	0.34	-0.02	9.75
Stock Based Compensation	2.70	1.65	-1.15	1.90	3.10	1.93	1.75	1.85	0.94
Change in Working Capital	-14.20	-11.55	-16.24	11.02	-0.32	-28.94	-5.02	17.01	7.92
Change in Accounts Receivable	-1.67	-1.35	-2.83	-3.24	1.13	-2.11	0.01	-0.83	-0.90
Change in Other Working Capital	-12.54	1.29	-13.40	47.78	-1.44	-26.83	-5.03	17.84	8.82
Other Operating Activities	39.61	-25.24	25.17	47.78	82.78	-44.40	-16.13	0.12	4.43
Net Cash from Operating Activities	67.53	21.75	28.98	102.97	149.83	-22.25	19.25	53.55	47.89
Investing Activities
Capital Expenditures	-8.70	-12.37	-3.17	-1.79	-1.71	-3.81	-2.90	-3.75	-2.95
Acquisitions	0.00	8.61	0.00	101.51	0.00	-9.28	10.38	0.00	0.00
Purchases of Investments	-382.14	-110.11	0.00	-95.60	-789.96	-414.72	-123.23	-29.56	-38.23
Sales/Maturities of Investments	553.61	216.98	259.97	134.03	153.09	145.33	70.03	43.85	42.90
Other Investing Activities	-94.93	-1.83	-308.79	-15.56	220.92	-255.90	-19.88	-165.25	-206.49
Net Cash from Investing Activities	76.55	-322.82	-51.99	-292.62	-417.66	-538.39	-65.59	-154.71	-205.09
Financing Activities
Debt Repayment	69.84	-76.81	-63.91	-0.20	0.08	-0.21	-93.69	63.29	29.10
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	62.80	0.00	0.00
Common Stock Repurchased	-0.74	-0.28	-6.64	-0.74	-0.71	-0.48	-1.95	-0.36	-0.29
Dividends Paid	-20.82	-15.45	-14.82	-12.80	-10.75	-10.39	-8.91	-7.46	-6.73
Other Financing Activities	-186.41	324.95	180.13	-358.75	348.56	600.68	191.44	-35.67	49.75
Net Cash from Financing Activities	-138.13	232.42	94.76	5.59	337.18	589.60	149.70	19.81	71.83
Summary
Net Change in Cash	5.95	-68.65	71.65	-184.07	69.35	28.96	103.36	-81.35	-85.37
Cash at Beginning of Period	61.24	129.89	58.24	242.31	172.96	144.01	40.65	122.00	207.37
Cash at End of Period	67.19	61.24	129.89	58.24	242.31	172.96	144.01	40.65	122.00
Free Cash Flow	58.83	9.38	25.71	101.18	148.13	-26.06	16.35	49.80	44.94
Supplemental Disclosures
Interest Paid	-	110.02	72.64	15.10	4.54	-	-	-	-
Income Taxes Paid	-	0.45	10.84	12.53	13.12	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alerus Financial Cash Flow

What is Alerus Financial's free cash flow?

Alerus Financial generated free cash flow of $58.83M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $67.53M minus $8.70M of capital expenditures. That was up 527.5% from $9.38M a year earlier. Free cash flow equaled 26.3% of revenue.

How much does Alerus Financial spend on capital expenditures?

Alerus Financial spent $8.70M on capital expenditures in fiscal 2025, compared with $12.37M a year earlier. That equals 12.9% of operating cash flow.

Does Alerus Financial pay dividends or buy back shares?

Yes. In fiscal 2025 Alerus Financial returned $20.82M in dividends and $737.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition