T3 Defense (DFNS) Cash Flow: Operating & Free Cash Flow

T3 Defense Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for T3 Defense Inc. (DFNS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Sep 2024	Sep 2023	Sep 2022	Dec 2021	Sep 2021	Dec 2020	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	80.66	-8.52	-17.43	-11.85	-0.60	-0.94	-0.32	-0.10	-0.73	-0.21	-0.14
Depreciation & Amortization	0.00	0.01	2.38	2.69	0.47	0.47	-	0.00	0.00	0.00	0.01
Stock Based Compensation	20.53	0.23	0.37	1.91	0.04	0.04	-	0.00	0.00	0.00	0.00
Change in Working Capital	0.49	3.81	0.34	3.86	-	1.59	-	0.18	0.58	0.00	0.00
Change in Accounts Receivable	0.00	-4.14	-1.34	1.74	-1.21	1.08	-	0.00	0.00	0.00	0.00
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Change in Accounts Payable	0.03	0.28	0.08	0.33	-	0.16	-	0.01	0.00	0.00	0.00
Change in Other Working Capital	-0.26	7.67	1.60	2.11	-0.01	0.35	-0.01	0.16	0.58	0.00	0.00
Other Operating Activities	-102.07	0.65	13.11	5.00	-0.07	0.00	0.17	-0.02	0.01	0.21	0.19
Net Cash from Operating Activities	-6.20	-3.82	-1.23	1.62	-0.43	1.17	-0.14	0.06	-0.14	0.00	0.05
Investing Activities
Capital Expenditures	-0.03	0.00	-0.04	0.00	-	0.00	-	0.00	0.00	-0.05	0.00
Acquisitions	0.45	0.00	0.00	0.00	-	-0.02	-	0.00	0.00	1.00	0.00
Purchases of Investments	-172.45	0.00	0.00	-0.04	-1.38	0.00	-	-46.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.05	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Other Investing Activities	-6.84	0.13	-1.07	0.00	-0.02	0.00	-	0.00	-0.10	0.01	0.00
Net Cash from Investing Activities	-179.83	0.13	-1.11	-0.04	-1.38	-0.02	-46.00	-46.00	-0.10	0.96	0.00
Financing Activities
Debt Repayment	-0.09	2.85	0.42	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Common Stock Issued	172.85	0.00	0.00	0.00	-	0.00	47.00	46.76	-0.13	0.00	0.00
Common Stock Repurchased	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00	-0.75	0.00
Other Financing Activities	0.00	0.15	0.00	0.00	1.38	0.00	-0.18	0.00	0.07	-0.75	0.00
Net Cash from Financing Activities	181.99	3.00	0.42	0.00	1.38	0.00	46.82	0.00	0.00	-0.75	0.00
Summary
Effect of Forex Changes on Cash	0.03	0.03	0.23	-0.40	-0.02	-0.02	-	-0.82	-0.05	0.00	0.00
Net Change in Cash	-3.91	-0.66	-1.69	1.18	-0.43	1.12	0.69	0.06	-0.23	0.21	0.05
Cash at Beginning of Period	7.86	0.69	2.38	1.20	-	0.08	-	0.02	0.26	0.05	0.00
Cash at End of Period	3.95	0.04	0.69	2.38	-	1.20	-	0.08	0.02	0.26	0.05
Free Cash Flow	-6.23	-3.82	-1.27	1.62	-0.43	1.17	-0.14	0.06	-0.14	-0.05	0.05

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

Frequently Asked Questions About T3 Defense Cash Flow

What is T3 Defense's free cash flow?

T3 Defense had negative free cash flow of $6.23M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$6.20M minus $31.00K of capital expenditures.

How much does T3 Defense spend on capital expenditures?

T3 Defense spent $31.00K on capital expenditures in fiscal 2025.

Does T3 Defense pay dividends or buy back shares?

T3 Defense's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

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