DOUGLAS DYNAMICS, INC
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $25.4M | $6.4M | $8.0M | $26.0M | $148.0K | $32.3M | $24.3M | $-8.4M |
| Depreciation & Amortization | $3.8M | $3.9M | $3.8M | $3.8M | $3.8M | $4.3M | $4.4M | $5.3M |
| Depreciation | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $2.6M | $2.8M | $2.7M |
| Amortization | $1.5M | $1.5M | $1.6M | $1.6M | $1.6M | $1.6M | $1.6M | $2.6M |
| Stock-Based Compensation | — | $2.5M | — | — | $2.2M | — | — | $355.0K |
| Net Cash from Operating Activities | $-24.2M | $-994.0K | $-8.5M | $-11.4M | $-1.3M | $-14.2M | $2.5M | $-21.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.1M | $3.2M | $2.9M | $3.0M | $2.2M | $1.1M | $1.7M | $774.0K |
| Business Acquisitions | — | $927.0K | — | — | $0 | — | — | — |
| Net Cash from Investing Activities | — | $-4.1M | — | — | $-2.2M | — | — | $-1.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | $7.1M | — | — | $7.0M | — | — | $6.8M |
| Stock Repurchases | — | $3.0M | — | — | $0 | — | — | — |
| Net Cash from Financing Activities | — | $2.0M | — | — | $5.6M | — | — | $767.0K |
| Net Change in Cash | — | $-3.1M | — | — | $2.1M | — | — | $-22.2M |
| Free Cash Flow | $-28.3M | $-4.2M | $-11.4M | $-14.3M | $-3.5M | $-15.2M | $836.0K | $-22.4M |