FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$300.3M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$110.5M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$28.4M
Cash generated by operations before capital spending.
CapEx
$82.0M
Capital spending and related asset purchases.
FCF margin
-975.5%
The share of revenue converted into free cash flow.
FCF reconciliation
Free cash flow is not a GAAP line item; it should be bridged from the cash flow statement.
| Operating cash flow | -$28.4M | Cash generated by operations before capital spending. |
| Capital expenditures | $82.0M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | -$110.5M | Operating cash flow less capital spending. |
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 |
|---|---|---|---|---|---|
| 2024-03-31 | $500000 | -$48.1M | $39.6M | -$87.7M | -17538.0% |
| 2024-06-30 | $900000 | -$16.2M | $22.2M | -$38.4M | -4261.6% |
| 2024-09-30 | $1.1M | -$33.4M | $30.3M | -$63.8M | -5795.8% |
| 2024-12-31 | $11.3M | -$28.4M | $82.0M | -$110.5M | -975.5% |
Risks and tripwires
Observable signals that would weaken the free cash flow thesis.
| Risk | Tripwire | Why it matters |
|---|---|---|
| FCF margin compression | FCF margin falls for two consecutive quarters. | Cash conversion may be weakening before earnings show it. |
| Capital intensity rises | CapEx/revenue moves materially above the recent run rate. | More operating cash flow would be consumed before becoming FCF. |
| Working capital drag | Inventory or receivables grow faster than revenue. | Reported growth may not translate into cash. |