The second-quarter FEC filing window is producing an early map of campaign cash strength across several Senate contests, and the numbers so far tell divergent stories — some campaigns are banking reserves for the stretch run, others are already spending close to or beyond what they bring in.

Ohio Senate: Brown Leads the Field

Sherrod Brown, the Democrat running in the Ohio Senate race, posted the largest fundraising total reported so far this cycle: $25.98 million in receipts. Brown's campaign spent $8.95 million during the period and still closed with $17 million on hand — a ratio that puts more than 65 percent of total receipts still in the bank. Among filings reported to date, that combination of scale and retention is unmatched, giving the campaign flexibility on when and how heavily to spend as the race develops.

Michigan Senate: Four Campaigns, Comparable Numbers

The Michigan Senate race has generated the most crowded set of filings so far, with four candidates reporting totals within a few million dollars of one another. Democrat Haley Stevens raised $8.87 million and retained $3.39 million, while fellow Democrat Mallory McMorrow reported $8.62 million in receipts and $3.69 million on hand — marginally better cash retention despite slightly lower fundraising. Republican Michael Rogers filed $7.68 million in receipts but ended with the largest cash reserve among the four, $4.25 million, suggesting comparatively restrained spending during the period. Democrat Abdul El-Sayed raised a similar $7.65 million but spent $5.12 million of it, leaving just $2.53 million on hand — the tightest position of the group. The tight clustering of receipts, paired with meaningfully different spending rates, suggests the four campaigns are making distinct strategic bets about when to deploy money rather than competing purely on fundraising volume.

Texas Senate: Cornyn and Allred Both Spending Near Their Limits

In the Texas Senate race, both major filers reported disbursements exceeding receipts for the period. Republican John Cornyn raised $7.92 million but spent $7.96 million, a shortfall covered by prior reserves, leaving $4.08 million on hand. Democrat Colin Allred raised a comparable $7.63 million but spent $7.76 million, and his cash position shows the strain: just $11,951 remained at the close of the period, the thinnest reserve of any filer covered here. That figure does not necessarily reflect financial distress — it may simply mean the campaign is timing fundraising pushes around spending cycles — but it leaves little cushion heading into the next reporting period without a fresh infusion.

Down the ballot, Democrat Jasmine Crockett, filing in the Texas House delegation, reported an even sharper imbalance: $7.91 million raised against $9.44 million spent, closing with zero cash on hand. A fully depleted account is not unusual after a heavy spending period, but it does mean the next filing will show whether the campaign can rebuild reserves quickly or is relying on high-velocity fundraising to fund ongoing operations in near-real time.

Kentucky Senate: Barr and Morris Both Outpaced by Spending

The Kentucky Senate race shows a similar pattern to Texas, with both Republican filers spending more than their reported reserves suggest is sustainable at the current pace. Republican Garland Barr raised $8.4 million but spent $9.65 million, drawing down to $2.45 million on hand. Fellow Republican Nate Morris raised slightly more, $8.59 million, and spent less, $7.88 million, but still ended with only $708,324 in cash — one of the smallest reserves among filers reported so far. With both campaigns burning through receipts faster than they replace them, the next quarterly filing will be a more telling signal of whether either can stabilize its cash position or if spending rates continue to outstrip fundraising.

Cash on hand is not a polling number, but it shapes what the next several months of advertising and organizing can look like. The campaigns with the deepest reserves — Brown in Ohio, Rogers in Michigan — have more room to maneuver than those already spending against thin margins. As more filings arrive over the coming days, the fuller picture will show whether these early patterns hold or reflect isolated timing effects in an incomplete data set.