Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Revenue increased compared to both the prior quarter and the same quarter last year. Free cash flow was lower than the prior quarter but higher than the same quarter last year, with a weakened margin versus the prior quarter.
- Operating cash flow of twenty-six point eight million dollars, with no capital expenditure, resulted in free cash flow equal to operating cash flow. The free cash flow margin of seven point seven percent reflects the conversion of revenue into free cash flow.
- Compared to the prior quarter, revenue was higher but operating cash flow and free cash flow were lower, leading to a weakened free cash flow margin. Compared to the same quarter last year, revenue, operating cash flow, and free cash flow were all higher, with an improved free cash flow margin.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
$207.8M
Trailing twelve-month free cash flow.
Quarter free cash flow
$26.8M
Free cash flow in the selected fiscal quarter.
Operating cash flow
$26.8M
Cash generated by operations before capital spending.
CapEx
$0
Capital spending and related asset purchases.
FCF margin
7.7%
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 |
|---|---|---|---|---|---|
| 2024-06-30 | $289.2M | $62.6M | $200000 | $62.4M | 21.6% |
| 2024-09-30 | $305.7M | $49.4M | $0 | $49.4M | 16.2% |
| 2024-12-31 | $326.7M | $69.2M | $0 | $69.2M | 21.2% |
| 2025-03-31 | $349.4M | $26.8M | $0 | $26.8M | 7.7% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 145.7% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 0.0% | Lower capital intensity usually supports FCF margin. |
| Net cash | $409.4M | 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 was higher than both the prior quarter and the same quarter last year, providing a larger base for cash generation. This was the strongest observable driver of the quarter's free cash flow improvement over the year-ago period.
Higher revenue supported a year-over-year increase in free cash flow despite a sequential decline in operating cash flow.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Operating cash flow of twenty-six point eight million dollars, with no capital expenditure, resulted in free cash flow equal to operating cash flow. The free cash flow margin of seven point seven percent reflects the conversion of revenue into free cash flow.
Compared to the prior quarter, revenue was higher but operating cash flow and free cash flow were lower, leading to a weakened free cash flow margin. Compared to the same quarter last year, revenue, operating cash flow, and free cash flow were all higher, with an improved free cash flow margin.
Monitor whether operating cash flow can sustain or improve from the current level relative to revenue.