Solv Energy, Inc. cash flow statement

In fiscal 2024, Solv Energy, Inc.'s operations generated $118m of cash; it spent $8.6m on capital projects, leaving free cash flow of $109m.

Cash flow statement

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

Solv Energy, Inc.: cash flow statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	LTMSept 2025
Cash from operations	84	50	118	272
Capital spending	27	14	9	16
Free cash flow	57	36	109	255

US$ millions unless shown otherwise. Fiscal quarters.

Solv Energy, Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	149	20	31	72	14	32
Depreciation and amortisation	—	20	14	—	24	17
Stock-based pay	—	1	1	—	65	15
Capital spending	3	3	3	8	10	6
Free cash flow	146	17	28	64	4	26
Free cash flow after stock pay	—	17	27	—	−61	11

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 Solv Energy, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Solv Energy, Inc.