Free Cash Flow InconsistencyA drop to zero reported free cash flow in 2025 and OCF below net income suggests cash conversion volatility driven by working-capital swings or elevated reinvestment. Persistent inconsistency could constrain capital allocation, limit dividends, or force reliance on external funding over time.
Volatile Revenue GrowthUneven revenue growth, including an extreme 2025 figure, implies demand or recognition timing variability and potential customer concentration. This complicates forecasting, budgeting, and scaling sales capacity, raising execution risk for sustaining investment-driven growth over the medium term.
Historical Leverage VolatilityPast episodes of materially higher leverage indicate management and capital strategy can shift under stress. While recent deleveraging is positive, historical volatility in capital structure raises the risk that leverage could re-emerge during downturns or aggressive expansion, reducing long-term predictability.