Arrow Financial Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $11.0M | $13.5M | $14.0M | $12.8M | $10.8M | $6.3M | $4.5M | $9.0M |
| Depreciation & Amortization | $1.3M | $1.2M | $1.3M | $1.5M | $1.4M | $1.2M | $1.4M | $1.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $323.0K | $228.0K | $136.0K | $125.0K | $297.0K | $125.0K | $87.0K | $63.0K |
| Net Cash from Operating Activities | $15.8M | $15.2M | $5.9M | $15.0M | $10.3M | $10.1M | $5.6M | $9.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.2M | $1.3M | $1.1M | $739.0K | $2.0M | $1.3M | $1.5M | $1.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-57.2M | $-15.1M | $-23.4M | $-49.7M | $6.6M | $5.1M | $-90.1M | $32.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $370.0K | $113.0K | $154.0K | $1.4M | $5.2M | $3.5M | $265.0K | $54.0K |
| Net Cash from Financing Activities | $-57.5M | $71.3M | $-165.7M | $163.6M | $-49.8M | $131.7M | $-101.0M | $97.8M |
| Net Change in Cash | $-98.8M | $71.4M | $-183.3M | $129.0M | $-33.0M | $146.9M | $-185.5M | $139.9M |
| Free Cash Flow | $11.6M | $13.9M | $4.8M | $14.3M | $8.3M | $8.8M | $4.1M | $8.1M |