Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue increased compared to the prior quarter but decreased from the same quarter last year. Free cash flow and margin improved both sequentially and year over year.
- Operating cash flow rose relative to both the previous quarter and the year-ago period. Capital expenditure remained modest, supporting a higher free cash flow margin.
- Compared to the prior quarter, revenue and free cash flow were higher. Versus the year-ago quarter, revenue was lower but free cash flow was higher, reflecting improved cash conversion.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$597.3M
Trailing twelve-month free cash flow.
Quarter free cash flow
$187.4M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$193.6M
Cash generated by operations before capital spending.
CapEx
$6.2M
Capital spending and related asset purchases.
FCF margin
17.0%
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 |
|---|---|---|---|---|---|
| 2025-05-03 | $732.4M | $192.5M | $2.9M | $189.6M | 25.9% |
| 2025-08-02 | $972.2M | $117.4M | $4.1M | $113.3M | 11.7% |
| 2025-11-01 | $821.0M | $111.3M | $4.3M | $107.0M | 13.0% |
| 2026-01-31 | $1.1B | $193.6M | $6.2M | $187.4M | 17.0% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 146.5% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 0.6% | Lower capital intensity usually supports FCF margin. |
| Net cash | $2.1B | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Operating Cash Flow Strength
Operating cash flow increased sequentially and year over year, even as revenue fell compared to the prior year. This drove improvement in free cash flow and margin.
The company's ability to generate cash from operations improved relative to both comparison periods.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow rose relative to both the previous quarter and the year-ago period. Capital expenditure remained modest, supporting a higher free cash flow margin.
Compared to the prior quarter, revenue and free cash flow were higher. Versus the year-ago quarter, revenue was lower but free cash flow was higher, reflecting improved cash conversion.
Monitor revenue trajectory, as it declined from the year-ago level despite a sequential increase.