As of Q3'26 (2025-11-02), LULU reported Operating Cash Flow of $250M and Free Cash Flow of $82M. This represents a recovery from the previous quarter, where both metrics had experienced significant declines, particularly Free Cash Flow, which was negative in Q1'26. Over the period from Q4'23 to Q3'26, both Operating and Free Cash Flow for LULU have shown a recurring seasonal pattern, with peaks in Q4 of each fiscal year—Operating Cash Flow reaching as high as $1.4B and Free Cash Flow up to $1.2B. However, the company also experienced notable volatility, including negative Free Cash Flow in Q1'24, Q1'25, and a sharp dip to -$271M in Q1'26, indicating cash outflows during these quarters. Overall, while the cash flow profile demonstrates strong year-end performance, the negative and fluctuating Free Cash Flow in several quarters highlights ongoing variability in cash generation throughout the year.