Recent Revenue DipA year-over-year revenue decline from 2023 to 2024 signals potential demand softness or execution issues in certain segments. If sustained, reduced top-line momentum can constrain margin leverage, slow reinvestment capacity, and heighten the importance of product-market fit improvements.
Rising Net DebtA small increase in net debt reduces financial headroom and slightly elevates leverage risk. Continued increases could limit strategic flexibility, raise interest expense sensitivity, and constrain the company’s ability to fund acquisitions or cyclically absorb shocks without impacting investment plans.
Slowing FCF GrowthA deceleration in free cash flow growth diminishes the cushion available for dividends, buybacks and reinvestment. If this trend persists it may force tougher capital allocation choices, slow product development or increase reliance on external funding for strategic initiatives.