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The Company owns and oversees a diversified portfolio of service-oriented businesses. These businesses are integrated through the Company s advanced enabling technology platform which enables collaboration and operational leverage across its ecosystem.
The business is unprofitable at the operating level (-0.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 4.5%, steady but not accelerating. Free cash flow declined 41% despite revenue growth, conversion is weakening.
Free cash flow declined 41% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$4.82B
▲ +4.5% YoY
Net Income (TTM)
-$17M
▼ -6.8% YoY
Op. Margin
-0.41%
ROIC
-6.60%
▼ -0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$90M
▼ -41.1% YoY
Op. Cash Flow (TTM)
$99M
▼ -38.1% YoY
Net Debt
-$122M
Net Cash Position
Cash & Equiv.
$122M
5Y CAGR: +21.6%
5Y CAGR: -0.7%
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