Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Cash conversion remained deeply negative as operating cash outflows and capital spending both increased, widening the free cash flow deficit. Revenue was present in the current quarter but not reported for the prior periods, limiting direct margin comparisons.
- Revenue was reported, yet operating cash flow was negative and capital expenditure was higher than operating cash flow, resulting in a deeply negative free cash flow and a negative free cash flow margin.
- Compared to the immediately preceding quarter, operating cash outflow and capital expenditure both increased, leading to a larger free cash flow deficit. Versus the same quarter one year earlier, operating cash outflow was higher and capital expenditure was higher, with free cash flow also more negative.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$7.3M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$4.8M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$2.9M
Cash generated by operations before capital spending.
CapEx
$1.9M
Capital spending and related asset purchases.
FCF margin
-2158.6%
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 | n/a | -$1.6M | $50304 | -$1.7M | n/a |
| 2024-12-31 | n/a | $770743 | $69145 | $701598 | n/a |
| 2025-03-31 | n/a | -$1.4M | $90405 | -$1.5M | n/a |
| 2025-06-30 | $222722 | -$2.9M | $1.9M | -$4.8M | -2158.6% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | -135.1% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 839.3% | 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.
Capital Expenditure Increase
Capital expenditure rose compared to both the prior quarter and the year-ago quarter, while operating cash outflow also increased. This combination drove the free cash flow deficit deeper.
The larger capital outlay, alongside negative operating cash flow, intensified the cash burn rate.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue was reported, yet operating cash flow was negative and capital expenditure was higher than operating cash flow, resulting in a deeply negative free cash flow and a negative free cash flow margin.
Compared to the immediately preceding quarter, operating cash outflow and capital expenditure both increased, leading to a larger free cash flow deficit. Versus the same quarter one year earlier, operating cash outflow was higher and capital expenditure was higher, with free cash flow also more negative.
Monitor the trajectory of capital expenditure relative to operating cash flow, as the gap between them widened significantly this quarter.