Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue and operating cash flow both increased compared to the prior quarter and the same quarter last year. Free cash flow margin was higher than both comparable periods, reflecting improved cash conversion.
- Operating cash flow was higher than the prior quarter and the year-ago quarter, while capital expenditure remained relatively low. This resulted in free cash flow that was higher than both comparable periods, and the free cash flow margin increased accordingly.
- Compared to the immediately preceding quarter, revenue, operating cash flow, and free cash flow were all higher. The same pattern held relative to the same quarter one year earlier, with every metric showing improvement.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$2.4B
Trailing twelve-month free cash flow.
Quarter free cash flow
$972.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$989.0M
Cash generated by operations before capital spending.
CapEx
$17.0M
Capital spending and related asset purchases.
FCF margin
49.7%
The share of revenue converted into free cash flow.
Cash flow trend
A short quarterly history shows whether FCF is scaling with revenue or only spiking for one period.
| Period | Revenue | Operating CF | CapEx | FCF | FCF margin |
|---|---|---|---|---|---|
| 2025-04-30 | $1.6B | $564.0M | $8.0M | $556.0M | 34.0% |
| 2025-07-31 | $1.8B | $460.0M | $9.0M | $451.0M | 25.6% |
| 2025-10-31 | $1.9B | $439.0M | $9.0M | $430.0M | 23.2% |
| 2026-01-31 | $2.0B | $989.0M | $17.0M | $972.0M | 49.7% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 307.6% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 0.9% | Lower capital intensity usually supports FCF margin. |
| Net cash | -$251.0M | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Operating cash flow growth
Operating cash flow increased compared to both the prior quarter and the year-ago quarter, reflecting improved cash generation from operations.
This drove a higher free cash flow and margin, strengthening the company's cash conversion.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow was higher than the prior quarter and the year-ago quarter, while capital expenditure remained relatively low. This resulted in free cash flow that was higher than both comparable periods, and the free cash flow margin increased accordingly.
Compared to the immediately preceding quarter, revenue, operating cash flow, and free cash flow were all higher. The same pattern held relative to the same quarter one year earlier, with every metric showing improvement.
The company’s transition to annual billings for multi-year contracts, as noted in the filing, may affect the timing of cash collections and should be monitored.