Three-Statement Breakdown
FCF DOWN
Free cash flow fell 50% to $140.4M, and covered net income 2.18×.
CASH FROM OPS
-60.8%
154
CAPITAL EXPENDITURE
-88.3%
13
FREE CASH FLOW
-49.7%
140
FCF / NET INCOME
-68.8%
2.18×
| Cash flow | 24-09 | 24-12 | 25-03 | 25-06 | 25-09 | 25-12 | 26-03 | QoQ | YoY | TTM | 8Q | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 94 | 182 | 51 | 90 | 116 | 187 | 40 | 64 | +61.0% | -28.6% | 407 | ||
| Depreciation & amortization |
|
21 | 24 | 24 | 27 | 33 | 32 | 31 | 30 | -4.1% | +12.9% | 127 | |
| Stock-based comp |
|
129 | 129 | 128 | 129 | 121 | 112 | 109 | 110 | +0.5% | -15.0% | 452 | |
| Cash from operations |
|
273 | 199 | 291 | 165 | 225 | 312 | 392 | 154 | -60.8% | -6.9% | 1,082 | |
| Cash conversion |
|
2.90× | 1.09× | 5.75× | 1.83× | 1.94× | 1.67× | 9.80× | 2.39× | -75.7% | +30.3% | 2.66× | |
| Capital expenditures |
|
(49) | (20) | (59) | (45) | (66) | (26) | (113) | (13) | -88.3% | -70.8% | (219) | |
| Free cash flow |
|
225 | 179 | 232 | 120 | 158 | 285 | 279 | 140 | -49.7% | +17.2% | 863 | |
| FCF margin |
|
35.8% | 24.2% | 37.7% | 17.3% | 21.4% | 33.7% | 40.5% | 19.6% | -51.5% | +13.8% | 28.9% | |
| Cash from investing |
|
-59 | -61 | -133 | -214 | -67 | 120 | 0 | 164 | 352.9× | — | 218 | |
| Share repurchases |
|
52 | 57 | 386 | 261 | 310 | 423 | 164 | 78 | -52.4% | -70.2% | 975 | |
| Cash from financing |
|
-2 | 10 | -410 | -174 | -401 | -427 | -172 | -73 | — | — | -1,074 | |
| Net change in cash |
|
212 | 148 | -251 | -222 | -243 | 5 | 220 | 245 | +11.1% | — | 227 | |
| Ending cash balance |
|
1,221 | 1,369 | 1,119 | 896 | 653 | 658 | 878 | 1,123 | +27.8% | +25.3% | 1,123 | |
Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.
SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM279
CASH FROM OPERATIONS-238
CAPITAL EXPENDITURES+100
ROUNDING-1
TO140
No bridge for this line yet — select Free cash flow to see its QoQ walk.
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM
SRC 10-Q FILED 2026-08-06 ↗