This study aims to analyze the effect of cash flow, leverage, and profitability on investment decisions in companies experiencing financial distress. The independent variable (X) of this study is cash flow, leverage, and research profitability. The investment decision is the dependent variable (Y). The sampling method used in this study is the Altman Z "-Score method and purposive sampling. The study population came from all companies listed on the Indonesia Stock Exchange (IDX) during the 2017-2019 period, obtained 699 companies. The data analysis technique used descriptive statistical analysis; classical assumption test: normality test, multicollinearity test, heteroscedasticity test, autocorrelation test; multiple linear regression analysis; Hypothesis testing: Ttest,-F test, the test of the coefficient of determination. The results of this study are cash flow and leverage do not affect the investment decisions of companies experiencing financial distress. Profitability has a positive effect on the investment decisions of companies experiencing financial distress.