Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue increased from the prior quarter and the year-ago period, while operating cash outflow widened. The free cash flow margin improved, but remained deeply negative, reflecting ongoing cash consumption.
- Revenue rose, but operating cash flow remained negative and capital expenditure was zero, resulting in negative free cash flow. The free cash flow margin improved due to the higher revenue base, yet cash conversion was weak.
- Compared to the prior quarter, revenue was higher and operating cash outflow was larger, while capital expenditure decreased to zero. Against the same quarter one year earlier, revenue was higher and operating cash outflow was larger, but the free cash flow margin improved.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$21.4M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$6.8M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$6.8M
Cash generated by operations before capital spending.
CapEx
$0
Capital spending and related asset purchases.
FCF margin
-392.3%
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 |
|---|---|---|---|---|---|
| 2024-09-30 | $1.2M | -$4.2M | $8000 | -$4.2M | -361.7% |
| 2024-12-31 | $902000 | -$4.3M | $7000 | -$4.3M | -472.0% |
| 2025-03-31 | $629000 | -$6.0M | $52000 | -$6.1M | -966.0% |
| 2025-06-30 | $1.7M | -$6.8M | $0 | -$6.8M | -392.3% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 18.3% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 0.0% | Lower capital intensity usually supports FCF margin. |
| Net cash | n/a | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Revenue Growth
Revenue increased compared to both the prior quarter and the same quarter last year, which was the most notable change among the financial metrics. This growth helped narrow the free cash flow margin despite higher operating cash outflows.
The revenue increase was the primary factor reducing the severity of the negative free cash flow margin.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue rose, but operating cash flow remained negative and capital expenditure was zero, resulting in negative free cash flow. The free cash flow margin improved due to the higher revenue base, yet cash conversion was weak.
Compared to the prior quarter, revenue was higher and operating cash outflow was larger, while capital expenditure decreased to zero. Against the same quarter one year earlier, revenue was higher and operating cash outflow was larger, but the free cash flow margin improved.
Monitor the level of cash and cash equivalents, which declined significantly from the start of the fiscal year, given the continued negative free cash flow.