Kforce (KFRC) Cash Flow: Operating & Free Cash Flow

Kforce (KFRC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Kforce generated $61.65M of operating cash flow and spent $14.84M on capital expenditures. That left free cash flow of $46.80M, down 41.0% from $79.30M a year earlier, or 3.5% of revenue. It returned $78.38M to shareholders through $27.49M in dividends and $50.89M in share buybacks.

Kforce 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 Kforce Inc. (KFRC) - 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	34.83	50.41	61.08	75.43	75.18	56.04	130.86	57.98	33.29
Depreciation & Amortization	5.55	5.92	5.01	4.43	4.50	5.26	6.48	8.27	8.51
Deferred Income Tax	1.97	-1.87	1.65	3.08	2.43	-2.30	-0.05	0.99	12.24
Stock Based Compensation	13.74	14.04	17.75	17.66	14.00	11.60	9.91	8.80	7.60
Change in Working Capital	0.67	14.98	-0.32	-14.96	-32.47	25.54	-12.60	7.10	-33.08
Change in Accounts Receivable	25.22	17.64	35.30	-4.05	-36.96	-12.86	-5.36	-10.85	-20.54
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.95	-7.24
Change in Accounts Payable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.93	-1.54
Change in Other Working Capital	-28.23	-8.31	4.79	-10.91	4.62	38.40	-7.24	2.07	-3.77
Other Operating Activities	6.86	1.52	4.79	5.17	4.62	13.03	-67.99	4.59	0.78
Net Cash from Operating Activities	61.65	86.87	91.47	90.81	72.90	109.16	66.62	87.72	29.34
Investing Activities
Capital Expenditures	-14.84	-7.57	-7.76	-8.11	-6.44	-6.48	-10.36	-5.17	-5.85
Acquisitions	0.00	0.00	0.00	-0.50	-9.00	-4.00	-9.00	1.00	1.00
Purchases of Investments	0.00	0.00	5.06	-0.50	-9.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.50	9.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.70	0.01	-2.16	-5.67	23.74	3.55	122.54	1.00	1.00
Net Cash from Investing Activities	-14.14	-7.56	-4.86	-14.28	8.30	-6.93	103.19	-4.17	-4.85
Financing Activities
Debt Repayment	-406.80	-309.90	-578.40	-74.40	-0.31	35.00	-6.80	-44.72	4.98
Common Stock Repurchased	-50.89	-41.94	-75.02	-74.91	-66.21	-35.61	-124.45	-22.19	-14.62
Dividends Paid	-27.49	-28.24	-27.56	-24.03	-20.12	-16.79	-16.61	-14.87	-12.14
Other Financing Activities	-1.03	-0.01	-0.02	-0.05	-1.37	-1.18	-2.22	-2.04	-3.81
Net Cash from Financing Activities	-45.71	-79.08	-86.61	-173.39	-87.70	-18.58	-150.08	-83.82	-25.60
Summary
Net Change in Cash	1.79	0.23	0.00	-96.87	-6.50	83.66	19.72	-0.27	-1.10
Cash at Beginning of Period	0.35	0.12	0.12	96.99	103.49	19.83	0.11	0.38	1.48
Cash at End of Period	2.14	0.35	0.12	0.12	96.99	103.49	19.83	0.11	0.38
Free Cash Flow	46.81	79.30	83.70	82.70	66.46	102.68	56.26	82.55	23.49
Supplemental Disclosures
Income Taxes Paid	19.93	9.78	28.62	16.58	24.28	-	-	-	-

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

Frequently Asked Questions About Kforce Cash Flow

What is Kforce's free cash flow?

Kforce generated free cash flow of $46.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $61.65M minus $14.84M of capital expenditures. That was down 41.0% from $79.30M a year earlier. Free cash flow equaled 3.5% of revenue.

How much does Kforce spend on capital expenditures?

Kforce spent $14.84M on capital expenditures in fiscal 2025, compared with $7.57M a year earlier. That equals 24.1% of operating cash flow.

Does Kforce pay dividends or buy back shares?

Yes. In fiscal 2025 Kforce returned $27.49M in dividends and $50.89M 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