FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$294.6M
Trailing twelve-month free cash flow.
Quarter free cash flow
$29.0M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$29.0M
Cash generated by operations before capital spending.
CapEx
$30000
Capital spending and related asset purchases.
FCF margin
62.3%
The share of revenue converted into free cash flow.
TTM FCF yield
-3.0%
TTM FCF divided by market capitalization.
FCF reconciliation
Free cash flow is not a GAAP line item; it should be bridged from the cash flow statement.
| Operating cash flow | $29.0M | Cash generated by operations before capital spending. |
| Capital expenditures | $30000 | Capital spending used to bridge CFO to FCF. |
| Free cash flow | $29.0M | 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 |
|---|---|---|---|---|---|
| 2025-08-31 | $1.3M | -$5.5M | $1.0M | -$6.6M | -495.2% |
| 2025-11-30 | $2.3M | -$228.4M | $376000 | -$228.7M | -9975.2% |
| 2026-02-28 | $11.0M | -$88.2M | $0 | -$88.2M | -799.2% |
| 2026-05-31 | $46.5M | $29.0M | $30000 | $29.0M | 62.3% |
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. |