$52.84
-2.6%Jefferies Financial Group Inc. engages in the investment banking and capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. It provides investment banking, advisory services with respect to mergers or acquisitions, restructurings or recapitalizations and private capital advisory transactions; equity and debt underwriting; and corporate lending. In addition, the company offers financing, securities lending, and other prime brokerage services; equities research and finance; and wealth management services. Further, it provides clients with sales and trading of investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage-backed and asset-backed securities, leveraged loans, consumer loans, high yield and distressed securities, emerging markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization; and manages, invests in, and provides services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1962 and is headquartered in New York, New York.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโmonitor closely.
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
JEF โข NYSE
| Jefferies Financial Group Inc. Cash Flow Statement | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
682M | 716M | 262.4M | 781.7M | 1.7B | 768.4M | 962.6M | 270.2M | 252.8M | 194.3M | 244.3M | 186.5M | 352.1M | 871M | 15.3M | 1.9B | 548.6M | -2.5B | 484.3M | 189.4M | |
201.9M | 197.9M | 113.5M | 189.3M | 144.3M | 142.4M | 129.8M | 131.3M | 64.8M | 71.6M | 172.1M | 139.7M | 139M | 170.1M | 96.6M | 105.9M | 86.4M | 72.3M | 42.4M | 24M | |
109.9M | -4.1M | 10.5M | -70.4M | 96.9M | 64.7M | -538.2M | 0.0 | 712.1M | 118.6M | 134M | 126.9M | 70M | 485M | 30.2M | -1.2B | 19.6M | 1.7B | -567.9M | 100M | |
88.2M | 63.1M | 45.4M | 43.9M | 78.2M | 40M | 49.8M | 52.6M | 48.4M | 33.6M | 74.1M | 109.8M | 87.3M | 14.5M | 23.3M | 15.1M | 11.1M | 12.2M | 0.0 | 0.0 | |
534.4M | 162.8M | 217.8M | -755.1M | -72.1M | 489.8M | 17.9M | -149.3M | 119.1M | 191.3M | -69.3M | -108.7M | -218.7M | -1B | -786.5M | -379.9M | -812.2M | 808.4M | 9.4M | -289.8M | |
(292M) | (257.5M) | (159.4M) | (214.1M) | (727.1M) | (25K) | (24.6M) | (0.0) | (15.4M) | (0.0) | (510K) | (9.9M) | (75.9M) | (37.4M) | (26.2M) | (22.2M) | (4.4M) | (3.2M) | (0.0) | (0.0) | |
-3.1B | -1.3B | -2.6B | 1.6B | -342.3M | 570.6M | -1.4B | -387.5M | -408.9M | -37.1M | -1.3B | -1.4B | 272.6M | 128.8M | 72.1M | -11.8M | 13.2M | -19.3M | 13.4M | 67.9M | |
-1.5B | -209.3M | -1.9B | 1.8B | 1.6B | 2.1B | -827.8M | -82.8M | 788.3M | 572.4M | -761.8M | -987.2M | 702.3M | 221.9M | 9.1M | 431.3M | -133.4M | 8.8M | -18.4M | 91.5M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-207.5M | -250.6M | -1.2M | -224.3M | -165.6M | -177M | -232.2M | -355.3M | -123M | -256.7M | -295.9M | -600.8M | -166.1M | -71.3M | -38.6M | -44.3M | -23.6M | -76.1M | -135.1M | -110.5M | |
(0.0) | (610.8M) | (215.2M) | (310M) | (0.0) | (179.7M) | (890.8M) | (114.1M) | (441.7M) | -10M | -16.5M | -269.5M | (3B) | -25.2M | -1B | -334M | -179.7M | -792M | -90.3M | -105.3M | |
-953M | -1.1B | -251.8M | -351.6M | -2.3B | -906K | -3M | -5.4B | -1.1B | -739.3M | -873.8M | -1.8B | -3.8B | -2.7B | -3.5B | -1.8B | -2.2B | -4.4B | -6.8B | -4.4B | |
0.0 | 0.0 | 0.0 | 3.6M | 3.3M | 23M | 1.4B | 5B | 787.5M | 645.8M | 2.3B | 3.1B | 4.2B | 1.9B | 4.7B | 1.2B | 2.5B | 4.9B | 6B | 4.1B | |
861.7M | 930.4M | 25.5M | 201.8M | 2.1B | -211M | -392.7M | 755.2M | -14.3M | -276M | -343.9M | 71.2M | 54.2M | 896.4M | 247.5M | 724.7M | 22.6M | -63.5M | 107.3M | 324.7M | |
-298.8M | (210.3M) | -12.2M | -60.5M | -409.9M | -186.2M | (1.7B) | (142.4M) | -54.6M | -636.2M | (781.2M) | (449.1M) | (3.3B) | -16.6M | (390.7M) | -208.7M | (72M) | -403M | -957.4M | -186.2M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-58.5M | -44.3M | -169.4M | -859.6M | -269.4M | -816.9M | -509.9M | -1.1B | -99M | -94M | -124.5M | -73.5M | -34.5M | 0.0 | 7M | 11.3M | 958K | 106.2M | 253.3M | 4.1M | |
4B | 3.9B | 1.5B | -1.8B | 1.5B | 235.3M | 2.2B | 1.3B | 791.3M | 496.2M | -449M | 1B | 170.6M | -571.9M | -51.4M | 116.7M | 7.2M | 72.8M | 942.3M | 30.5M | |
-374.1M | -303M | -278.6M | -280.1M | -222.8M | -160.9M | -149.6M | -151.8M | -117.4M | -91.3M | -92.6M | -93.1M | -91.3M | -61.1M | -61.1M | -61M | (0.0) | (0.0) | -55.6M | -54.1M | |
-58.5M | -44.3M | -169.4M | -859.6M | -269.4M | -816.9M | -509.9M | -1.1B | -100.5M | -95M | -125.8M | -75.7M | -40M | -86.9M | -155K | -18K | (0.0) | -122K | -163K | -187K | |
17.3M | -167.9M | 6.1M | 65M | -10.1M | 19M | 1.9M | 113.5M | -140.1M | -80.1M | 14.1M | 45.6M | -315.3M | -18.7M | -1M | -2.4M | -30.1M | -4.2M | 5.5M | 14.3M | |
3.6B | 3.3B | 1.1B | -2.8B | 994.3M | -723.5M | 1.6B | 133.1M | 434.8M | 230.9M | -652M | 917.8M | -270.5M | -651.7M | -106.6M | 64.7M | -21.9M | 174.8M | 1.1B | -5.2M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
2.4M | -2.2M | 9.2M | -22.1M | -3.4M | 18.3M | -1.1M | 283.5M | 12.1M | -27.5M | -5.6M | -10.5M | 6.2M | 358K | 0.0 | -292K | 0.0 | -66K | 39K | 108K | |
1.8B | 3.3B | -876.5M | -1.1B | 2.2B | 1.2B | 2.5B | 238.2M | 1.2B | 134.4M | -638.1M | 369.2M | 3.8B | -22.5M | -272.9M | 287.2M | -83.4M | -219.5M | 169.8M | -99.8M | |
13.2B | 9.8B | 10.7B | 11.8B | 9.7B | 8.5B | 6B | 5.8B | 4.6B | 4.5B | 4.3B | 3.9B | 146M | 168.5M | 441.3M | 154.1M | 237.5M | 457M | 287.2M | 387M | |
15B | 13.2B | 9.8B | 10.7B | 11.8B | 9.7B | 8.5B | 6B | 5.8B | 4.6B | 3.6B | 4.3B | 3.9B | 146M | 168.5M | 441.3M | 154.1M | 237.5M | 457M | 287.2M | |
-1.7B | -459.8M | -1.9B | 1.6B | 1.4B | 1.9B | -1.1B | -408.5M | 665.3M | 315.7M | -1.1B | -1.6B | 536.2M | 574.1M | -595.4M | 386.9M | -167.1M | -175.3M | -153.5M | -19M |
JEF - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | April 28, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 24, 2026 | April 23, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 07, 2026 | February 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 25, 2026 | March 25, 2026 | 2026 | |
8-K 8-K 2025 N/A | March 09, 2026 | October 08, 2025 | 2025 | |
DEF 14A DEF 14A 2026 N/A | February 23, 2026 | March 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 11, 2026 | 2026 | |
10-K 10-K 2025 FY FY | January 28, 2026 | November 30, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 16, 2026 | January 13, 2026 | 2026 |
Continue your JEF research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.