Cadre Holdings (CDRE) Cash Flow: Operating & Free Cash Flow

Cadre Holdings 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 Cadre Holdings, Inc. (CDRE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	44.14	36.13	38.64	5.82	12.66	38.45	-1.93
Depreciation & Amortization	18.63	16.42	15.74	15.65	13.72	14.73	15.44
Deferred Income Tax	2.39	-2.06	-0.21	-1.09	4.77	-12.25	-0.82
Stock Based Compensation	12.24	8.37	9.37	31.86	0.36	0.00	0.00
Change in Working Capital	-16.16	-36.37	10.11	-12.59	-9.67	17.40	-7.24
Change in Accounts Receivable	8.36	-24.90	6.60	-11.54	-4.64	11.81	8.66
Change in Inventory	-3.62	10.02	-10.22	1.16	-3.19	1.64	5.72
Change in Accounts Payable	-16.41	-15.62	14.03	5.49	2.72	2.12	-19.70
Change in Other Working Capital	-4.50	-5.87	0.10	-7.71	-4.56	1.84	-1.92
Other Operating Activities	4.86	9.29	0.10	5.67	18.26	-12.92	1.95
Net Cash from Operating Activities	63.71	31.78	73.21	46.41	40.09	45.42	7.41
Investing Activities
Capital Expenditures	-6.86	-5.67	-6.73	-4.49	-2.83	-4.71	-3.08
Acquisitions	-89.59	-141.81	0.00	-55.54	0.00	0.00	26.85
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	-2.29	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	14.37	2.53
Other Investing Activities	0.08	0.06	0.21	0.41	0.00	12.41	0.07
Net Cash from Investing Activities	-96.37	-147.43	-6.52	-59.63	-2.83	19.78	26.37
Financing Activities
Debt Repayment	-13.82	83.90	-10.00	-10.12	-65.97	-56.33	-29.98
Common Stock Issued	3.38	91.78	0.00	56.33	83.42	0.00	0.00
Common Stock Repurchased	0.00	0.00	0.00	-6.30	0.00	0.00	0.00
Dividends Paid	-15.45	-13.95	-12.01	-11.51	-12.75	0.00	0.00
Other Financing Activities	0.21	-9.06	-2.72	-2.98	-11.30	-8.58	-2.44
Net Cash from Financing Activities	31.59	152.67	-24.72	24.46	-6.60	-64.90	-32.42
Summary
Effect of Forex Changes on Cash	1.47	0.22	0.44	0.18	0.32	0.05	-0.14
Net Change in Cash	0.39	37.24	42.41	11.43	30.98	0.35	1.23
Cash at Beginning of Period	124.93	87.69	45.29	33.86	2.87	2.52	1.29
Cash at End of Period	125.33	124.93	87.69	45.29	33.86	2.87	2.52
Free Cash Flow	56.85	26.11	66.48	41.92	37.26	40.71	4.33
Supplemental Disclosures
Interest Paid	-	14.43	10.09	6.11	13.34	23.32	-
Income Taxes Paid	-	24.21	8.73	1.40	1.16	0.88	-

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

Frequently Asked Questions About Cadre Holdings Cash Flow

What is Cadre Holdings's free cash flow?

Cadre Holdings generated free cash flow of $56.85M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $63.70M minus $6.86M of capital expenditures. That was up 117.7% from $26.11M a year earlier. Free cash flow equaled 9.3% of revenue.

How much does Cadre Holdings spend on capital expenditures?

Cadre Holdings spent $6.86M on capital expenditures in fiscal 2025, compared with $5.67M a year earlier. That equals 10.8% of operating cash flow.

Does Cadre Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 Cadre Holdings returned $15.45M in dividends 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