Clearfield, Inc.

For the period ended Sep 30, 2025. Filed Nov 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Nov 25, 2025

CLFD$30.19-1.2%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
Year Ended · Year Ended · Year Ended
September 30, · September 30, · September 30,
2025 · 2024 · 2023
Cash flows from operating activities (continuing)
Net (loss) income		$(8,050)		$(12,453)		$32,533
Loss from discontinued operations, net of tax		3,947		3,939		1,190
Loss from impairment of discontinued operations, net of tax		10,413		-		-
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization		6,121		5,924		4,595
(Gain) loss on sale of assets		(284)		10		3
Amortization of premium and discount on investments, net		(1,777)		(4,406)		(3,512)
Deferred taxes		(4,244)		(3,358)		(2,002)
Stock-based compensation		4,597		4,375		3,578
Changes in operating assets and liabilities, net of acquired amounts:
Accounts receivable		(3,548)		6,473		27,090
Inventories, net		13,643		26,458		(11,145)
Other assets		173		(9,456)		(309)
Accounts payable and accrued expenses		5,562		264		(27,425)
Net cash provided by operating activities (continuing)		26,553		17,770		24,596
Cash flows from investing activities (continuing)
Purchases of property, plant and equipment and intangible assets		(4,743)		(7,985)		(7,439)
Proceeds from sale of property and equipment		903		45		-
Purchases of investments		(119,074)		(159,393)		(210,923)
Proceeds from maturities of investments		115,866		162,064		107,060
Net cash used in investing activities (continuing)		(7,048)		(5,269)		(111,302)
Cash flows from financing activities (continuing)
Repayment of long-term debt		-		-		(16,700)
Proceeds from issuance of common stock under employee stock purchase plan		595		586		611
Repurchase of shares for payment of withholding taxes for vested restricted stock grants		(494)		(493)		(1,220)
Withholding related to exercise of stock options		(689)		(9)		(491)
Net proceeds from issuance of common stock		-		-		130,262
Issuance of stock under equity compensation plans		-		1		954
Repurchase of common stock		(16,653)		(33,374)		-
Net cash (used in) provided by financing activities (continuing)		(17,241)		(33,289)		113,416
Cash flows from discontinued operations
Net cash provided by (used in) operating activities		2,897		4,453		(6,172)
Net cash used in investing activities		(1,796)		(1,627)		(945)
Net cash provided by (used in) financing activities		3,000		(3,617)		1,586
Net cash provided by (used in) discontinued operations		4,101		(791)		(5,531)
Effect of exchange rates on cash and cash equivalents		(97)		(81)		(2)
Net increase (decrease) in cash and cash equivalents		6,268		(21,660)		21,177
Change in cash held for sale		1,077		(19)		(1,011)
Cash and cash equivalents, beginning of period		14,148		35,827		15,661
Cash and cash equivalents, end of period		$21,493		$14,148		$35,827
Supplemental disclosures for cash flow information
Cash paid for income taxes		$1,670		$160		$12,760
Cash paid for interest	$	-	$	-		$170
Right of use assets obtained through lease liabilities	$	-		$4,364	$	-
Non-cash financing activities
Cashless exercise of stock options		$2,533		$19		$566

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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