FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$134.2M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$7.6M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$5.0M
Cash generated by operations before capital spending.
CapEx
$2.5M
Capital spending and related asset purchases.
FCF margin
-13.0%
The share of revenue converted into free cash flow.
TTM FCF yield
-40.5%
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 | -$5.0M | Cash generated by operations before capital spending. |
| Capital expenditures | $2.5M | Capital spending used to bridge CFO to FCF. |
| Free cash flow | -$7.6M | 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 |
|---|---|---|---|---|---|
| 2025-06-28 | $75.0M | -$33.2M | $1.9M | -$35.1M | -46.9% |
| 2025-09-27 | $70.2M | -$38.8M | $2.9M | -$41.7M | -59.4% |
| 2025-12-31 | $61.6M | -$46.8M | $3.0M | -$49.8M | -80.8% |
| 2026-03-28 | $58.2M | -$5.0M | $2.5M | -$7.6M | -13.0% |
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. |