FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$216.5M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$58.9M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$58.9M
Cash generated by operations before capital spending.
CapEx
$0
Capital spending and related asset purchases.
FCF margin
-208.5%
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 | -$58.9M | Cash generated by operations before capital spending. |
| Capital expenditures | $0 | Capital spending used to bridge CFO to FCF. |
| Free cash flow | -$58.9M | 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 |
|---|---|---|---|---|---|
| 2023-12-31 | $23000 | -$40.9M | $64000 | -$41.0M | -178269.6% |
| 2024-03-31 | $304000 | -$62.3M | $615000 | -$62.9M | -20680.3% |
| 2024-06-30 | $882000 | -$53.5M | $206000 | -$53.7M | -6086.6% |
| 2024-09-30 | $28.3M | -$58.9M | $0 | -$58.9M | -208.5% |
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. |