Duluth Holdings (DLTH) Cash Flow: Operating & Free Cash Flow

Duluth 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 Duluth Holdings Inc. (DLTH) - Annual data in millions USD
Breakdown	FY 2026	FY 2026	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Feb 2026	Jan 2026	Feb 2025	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018
Operating Activities
Net Income	-16.25	-16.25	-16.25	-43.61	2.25	29.55	13.38	18.50	18.50	23.31	23.63
Depreciation & Amortization	25.47	25.47	25.47	32.28	32.16	30.81	29.23	22.08	22.08	12.59	7.33
Deferred Income Tax	-	0.96	-	1.77	-2.34	-1.40	-5.48	-1.15	-1.15	8.05	0.53
Stock Based Compensation	2.51	2.51	4.05	4.05	4.20	2.71	2.20	0.65	0.65	1.67	1.60
Change in Working Capital	-	11.31	-11.87	-11.87	14.46	-37.15	36.09	-33.38	-33.38	-14.69	-3.22
Change in Accounts Receivable	1.26	1.26	1.26	2.60	-0.59	-3.19	-1.35	1.52	1.52	0.01	-0.01
Change in Inventory	35.20	35.20	35.20	-40.79	29.17	-32.25	26.38	-50.16	-50.16	-10.50	-17.55
Change in Accounts Payable	-24.90	-24.90	-24.90	22.93	-7.21	7.63	9.72	7.56	7.56	9.77	6.36
Change in Other Working Capital	-4.86	-0.25	-4.86	3.45	-21.23	2.42	11.17	7.70	7.70	-13.97	7.98
Other Operating Activities	2.21	0.17	2.21	0.47	1.39	0.40	0.32	86.94	86.94	0.16	0.00
Net Cash from Operating Activities	24.17	24.17	-16.92	-16.92	38.67	-1.40	91.98	6.70	6.70	31.10	29.87
Investing Activities
Capital Expenditures	-7.60	-7.60	-8.33	-8.33	-49.09	-27.07	-10.35	-30.79	-30.79	-53.04	-46.46
Acquisitions	-	0.00	-	0.00	0.03	0.06	0.00	0.00	0.00	-0.29	0.00
Purchases of Investments	-	0.00	0.20	0.00	-0.03	-0.20	0.00	0.00	0.00	0.00	-6.32
Sales/Maturities of Investments	0.22	0.22	0.22	0.20	0.18	0.16	0.15	0.12	0.12	0.03	0.00
Other Investing Activities	-	0.00	-	0.20	0.03	0.20	0.13	-0.02	-0.02	-0.44	-3.02
Net Cash from Investing Activities	-7.38	-7.38	-8.13	-8.13	-48.72	-26.87	-10.15	-30.69	-30.69	-53.74	-55.81
Financing Activities
Debt Repayment	-3.47	-3.47	-3.47	-87.07	-59.61	-28.39	-56.43	21.40	21.40	18.41	4.37
Common Stock Repurchased	-0.59	0.00	-0.59	-0.59	-0.46	-0.37	-0.22	-0.32	-0.32	-0.04	-0.06
Other Financing Activities	0.28	-0.31	0.39	-0.21	0.26	0.16	0.07	0.09	0.09	0.24	0.39
Net Cash from Financing Activities	-3.78	-3.78	-3.78	-3.78	-3.35	-3.23	-51.36	21.50	21.50	18.64	4.76
Summary
Net Change in Cash	13.01	13.01	-28.82	-28.82	-13.39	-31.50	30.47	-2.50	-2.50	-4.00	-21.18
Cash at Beginning of Period	-	3.34	-	32.16	45.55	77.05	46.58	3.09	3.09	7.08	24.04
Cash at End of Period	-	16.35	-	3.34	32.16	45.55	77.05	0.59	0.59	3.09	2.87
Free Cash Flow	16.57	16.57	-25.25	-25.25	-10.41	-28.46	81.63	-24.09	-24.09	-21.94	-16.60
Supplemental Disclosures
Interest Paid	-	-	4.55	-	4.16	3.65	3.75	-	-	-	-
Income Taxes Paid	-	-	0.13	-	2.03	7.22	16.16	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 2, 2026. Data sources and methodology

Frequently Asked Questions About Duluth Holdings Cash Flow

What is Duluth Holdings's free cash flow?

Duluth Holdings generated free cash flow of $16.57M in fiscal 2026 (fiscal year ended Feb 1, 2026), operating cash flow of $24.17M minus $7.60M of capital expenditures. Free cash flow equaled 2.9% of revenue.

How much does Duluth Holdings spend on capital expenditures?

Duluth Holdings spent $7.60M on capital expenditures in fiscal 2026, compared with $8.33M a year earlier. That equals 31.4% of operating cash flow.

Does Duluth Holdings pay dividends or buy back shares?

Yes. In fiscal 2026 Duluth Holdings returned $590.00K 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