This research examines the role of free cash flows in predicting a company's continuity and the extent to which this is reflected in investor decisions, applied to a sample of ten Iraqi banks listed on the Iraq Stock Exchange over the period from 2016 to 2022. The study adopts the Brigham and Houston 2019 model to measure free cash flow and the Altman 2002 second-generation model to assess the company's continuity, while investor decisions are measured using the ratio of traded shares to total shares outstanding. The researcher employs simple linear regression and path analysis to test the research hypothesis. The findings reveal a significant positive effect of free cash flow on the prediction of the company's continuity, as well as a significant positive effect on investor decisions. Furthermore, a significant effect of the Company's Continuity on investor decisions is established when each hypothesis is tested independently. However, the path analysis test demonstrates that the Company's Continuity does not mediate the relationship between free cash flow and investor decisions; that is, the effect of free cash flow on investor decisions is direct and is not transmitted through the Company's Continuity. The research concludes with a set of recommendations, foremost among which is urging banks to disclose free cash flow as a complementary indicator to traditional financial statements.