Low Financial LeverageVery low leverage and a high equity ratio give Fulu durable financial flexibility to fund platform investments, support large enterprise contracts, and absorb cyclical digital-goods demand swings without needing frequent external financing, strengthening long-term resilience.
High Gross MarginsA ~69% gross margin reflects favorable unit economics for digital goods distribution. This structural margin buffer supports reinvestment in integrations, marketing and product development, and helps preserve profitability even if competition pressures pricing over the medium term.
Improving Free Cash FlowPositive FCF growth and near-1.0 FCF-to-net-income imply the business reliably converts earnings into cash. Durable cash generation reduces dependence on capital markets, enables organic funding for growth initiatives, and supports enterprise service scaling over months.