META · News · 20261106N

Free Cash Flow and Capex

Meta Platforms, Inc. · 2026-11-06 · Importance 13 · Surprise 6

Meta had negative free cash flow of $2.12 billion in the third quarter of 2026. The report attributed the negative free cash flow to capital spending exceeding operating cash flow. The report did not quantify either capital spending or operating cash flow.

Key facts

• Meta Platforms is facing challenges with AI data center expansion due to political opposition and regulatory scrutiny over resource use. source
• Meta Platforms experienced negative free cash flow of $2.12 billion because capital spending exceeded operating cash flow. source
• Meta's agreement with Oklo remains non-binding and needs to be converted into a signed power contract. source