E.l.f. Beauty, Inc. cash flow statement

In fiscal 2026, E.l.f. Beauty, Inc.'s operations generated $213m of cash; it spent $22.4m on capital projects, leaving free cash flow of $190m. It returned $50.0m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

E.l.f. Beauty, Inc.: cash flow statement, annual
Fiscal year	2015Dec 2014	2016Dec 2015	2017Dec 2016	2018Dec 2017	2019Dec 2018	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Cash from operations	−8	25	2	12	56	44	29	20	102	71	134	213	297
Depreciation and amortisation	0	10	13	15	18	23	25	27	18	30	44	79	92
Stock-based pay	0	1	7	13	17	15	20	20	29	41	72	87	97
Capital spending	2	10	9	8	9	9	6	5	2	9	19	22	17
Free cash flow	−10	14	−7	5	47	35	23	15	100	62	115	190	280
Free cash flow after stock pay	−10	14	−14	−9	30	19	3	−5	71	22	44	103	183
Share buybacks	—	—	—	0	0	8	0	0	0	0	67	50	100
Shares issued	0	0	64	2	3	1	2	2	8	6	1	6	8

US$ millions unless shown otherwise. Fiscal quarters.

E.l.f. Beauty, Inc.: cash flow statement, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Cash from operations	11	−15	136	27	23	59	102	112
Depreciation and amortisation	10	12	13	13	18	22	26	26
Stock-based pay	22	22	15	10	29	30	18	20
Capital spending	2	5	11	7	7	7	2	1
Free cash flow	10	−20	125	20	17	53	101	110
Free cash flow after stock pay	−12	−42	110	10	−13	23	83	91
Shares issued	0	0	0	0	2	4	0	2

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from E.l.f. Beauty, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to E.l.f. Beauty, Inc.