For the quarter ending 2026-03-31, MIR had -$14.4M decrease in cash & cash equivalents over the period. $9.4M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (loss) income | -3.4 | 17.8 | 3.1 | 8.5 |
| Depreciation and amortization expense | 40.8 | 35.6 | 34.9 | 33.8 |
| Stock-based compensation expense | 4.3 | 4 | 4.5 | 3.3 |
| Loss on debt extinguishment | - | 0 | 0 | -5.8 |
| Amortization of debt issuance costs | 1.5 | 1.4 | 1 | 0.9 |
| Provision for doubtful accounts | 0.6 | 0.5 | 0.4 | 0.9 |
| Inventory obsolescence write down | 0.3 | 0.1 | 0.6 | 0.4 |
| Change in deferred income taxes | -2.6 | -12.8 | -1.6 | -2.2 |
| Loss on disposal of property, plant and equipment | -0.1 | -0.5 | -0.1 | 0.1 |
| (gain) loss on foreign currency transactions | -3.7 | 0.5 | 0.6 | 13.5 |
| Increase in fair values of warrant liabilities | - | 0 | 0 | 0 |
| (gain) loss on disposal of business | - | 0 | 0 | 0 |
| Other | - | 0 | 0 | -1 |
| Amortization of inventory step-up | 0.8 | - | - | - |
| Accounts receivable | 1.8 | 16.8 | 7.8 | -8.1 |
| Costs in excess of billings on uncompleted contracts | 4.7 | -6.5 | 9.6 | 2.5 |
| Inventories | 6.5 | -9.6 | 1.8 | -3.8 |
| Prepaid expenses and other current assets | 1.9 | -9.4 | 8 | 10.3 |
| Accounts payable | 9.9 | 0.1 | 3.2 | -11.8 |
| Accrued expenses and other current liabilities | -19.6 | 10.4 | 4.2 | -9.2 |
| Deferred contract revenue | - | -0.9 | - | - |
| Deferred contract revenue and liabilities | -4.2 | 6.6 | 4.1 | -6.4 |
| Other assets | 0.2 | -0.2 | 3.5 | -1.7 |
| Other liabilities | 1.8 | 1.3 | -0.9 | 0.2 |
| Net cash provided by operating activities | 18.9 | 73 | 22.3 | 12.4 |
| Acquisitions of businesses, net of cash and cash equivalents acquired | - | 582 | 79.9 | 0 |
| Proceeds from business disposal | - | 0 | 0 | 0 |
| Proceeds from disposal of property, plant, and equipment and badges | - | 0.7 | 0.3 | - |
| Proceeds from issuance of convertible senior notes, net of bank costs | - | 0 | 366.5 | 388.5 |
| Purchases of property, plant, and equipment and badges | 9.5 | 9.8 | 9.3 | 8.8 |
| Third-party issuance costs for convertible senior notes | - | 0.5 | 0.9 | - |
| Other investing | - | 0 | - | - |
| Proceeds from net investment hedge derivative contracts | 0.3 | 0.3 | 0.8 | 0.7 |
| Purchase of capped calls related to convertible senior notes | - | - | 38 | 44.6 |
| Net cash used in investing activities | -9.2 | -590.8 | -88.1 | -8.1 |
| Issuances of common stock | - | 0 | 425 | - |
| Common stock issuance costs | - | 0.4 | 14.9 | - |
| Purchase of capped calls related to convertible senior notes | - | 82.6 | - | - |
| Stock repurchased to satisfy tax withholding for vesting restricted stock units | 4.1 | 1.2 | 0 | 3.3 |
| Term loan principal repayments | - | 0 | 0 | 244.6 |
| Purchases of stock for treasury | 16 | 0 | 0 | 31 |
| Financing costs | 0 | 0.7 | 0 | 2.6 |
| Proceeds from cash flow hedge derivative contracts | -0.1 | -0.2 | -0.3 | -0.1 |
| Other financing | 0.1 | -0.2 | -0.5 | -0.1 |
| Net cash used in financing activities | -19.9 | -2.8 | 737.5 | 62.4 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | -4.2 | 2.2 | -1.1 | 10.1 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -14.4 | -518.4 | 670.6 | 76.8 |
| Cash, cash equivalents, and restricted cash at beginning of period | 415.2 | 933.6 | 263 | 186.2 |
| Cash, cash equivalents, and restricted cash at end of period | 400.8 | 415.2 | 933.6 | 263 |
Mirion Technologies, Inc. (MIR)
Mirion Technologies, Inc. (MIR)