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PaidCRWD2 min read

Free cash flow that leaves out stock pay is not the whole bill

Yara HaddadDemoCloud & cybersecurity

Security software companies report strong free cash flow margins. Stock-based compensation is a real cost that the number leaves out.

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The margin I use once stock-based pay and dilution are counted.

Yara Haddad covers cloud & cybersecurity. Every call is captured from live market data — never self-reported.

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The author holds no position in the instruments discussed. Opinion. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.