Cash flow generation is highly erratic, with free cash flow margins swinging from -7.1% in 2025Q1 to 92.9% in 2025Q3, largely driven by a $26.2 million inflow from working capital changes.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'01 |
|---|
| Cash from Operations | 55.01M | 28.28M | 18.83M | 17.36M | 4.95M | -564K | 31.84M | -31.37M | -18.25M | 142.5M | 117.58M | 70.98M | 88.69M | 55.87M | 42.59M | 21.74M | 29.73M | 26.38M | 23.48M | 13.96M | 8.03M | -1.65M | -9.79M |
| Operating CF Margin % | - | 16.29% | 11.47% | 9.99% | 1.76% | -0.19% | 10.31% | -9.63% | -4.54% | 33.43% | 27.46% | 15.52% | 25.41% | 20.41% | 18.59% | 13.1% | 23.08% | 23.77% | 19% | 19.27% | 14.8% | -6.06% | -174.2% |
| Operating CF Growth % | 4257.95% | 50.19% | 8.47% | 251.04% | 976.77% | -101.77% | 201.51% | -71.9% | -112.81% | 21.19% | 65.66% | -19.97% | 58.73% | 31.21% | 95.87% | -26.86% | 12.7% | 12.34% | 68.23% | 73.91% | 586.95% | 83.17% | - |
| Net Income | -9.72M | 6.15M | -54.57M | -7.72M | -23.1M | -10.36M | -103.46M | -226.99M | -192.92M | -87.33M | 46.68M | 38.9M | 23.35M | 27.08M | 15.13M | 3.87M | 12.3M | 11.88M | 23.76M | 10.14M | 12.43M | -7K | -9.79M |
| Depreciation & Amortization | 17.26M | 17.09M | 27.35M | 31.75M | 34.76M | 42.67M | 77.04M | 97.09M | 93.92M | 99.31M | 72.15M | 55.96M | 41.13M | 23.81M | 14.74M | 9.4M | 8.5M | 6.66M | 5.24M | 3.27M | 2.42M | 2.13M | 2.14M |
| Stock-Based Compensation | 5.29M | 6.37M | 5.15M | 5.46M | 9.34M | 11.14M | 22.29M | 27.6M | 22.5M | 33.98M | 31.71M | 28.99M | 25.21M | 20.43M | 22.05M | 13.64M | 8.26M | 7.13M | 3.23M | 1.07M | 0 | 0 | 0 |
| Deferred Taxes | -181K | 2.25M | 2.74M | -164K | 463K | -911K | -222K | -12.35M | 19.24M | 29.3M | 8.32M | 3.21M | 1.57M | 1.48M | -642K | 69K | -884K | -715K | -790K | 2.69M | -4.64M | 0 | 0 |
| Other Non-Cash Items | 13.82M | -4.93M | 31M | 2.87M | 3M | 2.9M | 27.78M | 122.51M | 52.9M | 14.11M | -1.82M | 4.31M | -363K | -12.76M | 1.34M | 589K | 692K | 7.13M | 3.23M | 1.07M | 21K | -153K | 7.65M |
| Working Capital Changes | 28.55M | 1.34M | 7.16M | -14.84M | -19.53M | -46M | 8.42M | -39.23M | -13.88M | 53.13M | -39.46M | -60.38M | -2.21M | -4.16M | -10.03M | -5.83M | 865K | 1.42M | -7.95M | -3.22M | -2.21M | -3.62M | 0 |
| Change in Receivables | 1.85M | 4.38M | 14.24M | 14K | -748K | 11.7M | 10.89M | -21.52M | 29.28M | -1.66M | -27.58M | -50.92M | 10.17M | -11.61M | -19.41M | -8.74M | -643K | 3.78M | -9.79K | -3.83M | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 17.5M | -27.09M | -10.56M | 41.64M | -13.94M | -9.5M | -6.83M | 0 | 597K | -3.28M | 612K | -455K | -11.16M | 1.39M | 0 | 0 | 0 |
| Change in Payables | -1.5M | 28K | -5.35M | 3.02M | -2.03M | -7.13M | 8.88M | 6.85M | -9.1M | -11.14M | 6.18M | 4.17M | 348K | 0 | 7.7M | 5.68M | 1.04M | 18K | 5.6M | -1.09M | 0 | 0 | 0 |
| Cash from Investing | -14.2M | -13.13M | 3.8M | -13.17M | -23.94M | -14.34M | 19.38M | -67.28M | 98.25M | -99.38M | -226.11M | -152.98M | -73.65M | -77.22M | -145.12M | -47.22M | -13.32M | -25.4M | -8.49M | -2.04M | -1.98M | -1.84M | 0 |
| Capital Expenditures | -4.36M | -1.9M | -1.3M | -1.41M | -1.52M | -885K | -21.19M | -26.03M | -21.27M | -58.54M | -61.16M | -73.89M | -73.43M | -33.23M | -14.73M | -15.42M | -12.09M | -4.45M | -10.44M | -4.32M | -2.41M | -3.28M | 0 |
| CapEx % of Revenue | 2.55% | 1.09% | 0.79% | 0.81% | 0.54% | 0.3% | 6.86% | 7.99% | 5.29% | 13.73% | 14.29% | 16.16% | 21.04% | 12.14% | 6.43% | 9.29% | 9.39% | 4.01% | 8.45% | 5.97% | 4.45% | 12.07% | - |
| Acquisitions | 0 | 1.51M | 23.67M | 8M | 0 | 11K | 13.01M | -9.73M | -800.9M | -98.43M | -131.59M | -38.09M | -6.68M | -105.18M | -55.75M | -30.78M | -49K | -17.56M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -9.85M | -12.75M | -18.57M | -19.76M | -22.42M | -13.48M | -7.58M | 404K | 908.26M | -11.87M | -132.79M | -38.09M | -105.18M | 74.33M | 199K | 473K | 30K | -17.56M | 0 | 0 | 545K | 50K | 0 |
| Cash from Financing | -30.75M | -5.85M | -19.98M | -13.28M | 16.19M | 9.99M | -121.26M | -35.88M | -35.66M | -8.98M | 20.55M | 254.3M | 12.51M | -12.42M | -8.19M | 116.14M | 1.31M | -21.53M | 3.86M | 53.21M | -663K | 1.96M | 0 |
| Debt Issued (Net) | -29.95M | 62.54M | 0 | 0 | 122.47M | 10M | -114.21M | -115.03M | -38.75M | 25.18M | -2.02M | 221.42M | -1.6M | -1.01M | -945K | -949K | 0 | 0 | -666K | -667K | -667K | 1.96M | 0 |
| Equity Issued (Net) | 0 | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 0 | -1000K | 1000K | 1000K | 4K | 0 | 0 |
| Dividends Paid | 0 | -4.26M | -9.85M | -6.46M | -1.78M | 0 | -7.08M | -7.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -278.67M | 0 | 0 | 0 | 0 | -40.02M | 0 | 0 | 0 | -24.61M | -20M | 0 | 0 | -23.69M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -809K | -6.56M | -257K | -83K | -2K | -9K | 24K | 0 | 2.04M | 3.68M | 20.67M | 31.21M | 12.63M | 12.6M | 12.75M | 10.45M | 1.31M | 2.17M | 2.96M | 7.1M | 0 | 0 | 0 |
| Net Change in Cash | 9.6M | 8.8M | 2.65M | -9.58M | -2.17M | -5.33M | -70.86M | -136.26M | 34.69M | 33.38M | -88.33M | 172.46M | 27.48M | -33.4M | -110.94M | 90.44M | 17.72M | -20.55M | 18.85M | 65.12M | 5.38M | -1.53M | -9.79M |
| Free Cash Flow | 47.65M | 13.36M | -1.04M | -3.81M | -19.55M | -18.51M | 10.65M | -57.4M | -39.52M | 83.96M | 56.42M | -2.91M | 15.26M | 22.64M | 27.85M | 6.32M | 17.64M | 21.93M | 13.04M | 9.63M | 5.61M | -4.93M | -9.79M |
| FCF Margin % | 27.88% | 7.69% | -0.64% | -2.19% | -6.97% | -6.35% | 3.45% | -17.62% | -9.82% | 19.7% | 13.18% | -0.64% | 4.37% | 8.27% | 12.16% | 3.81% | 13.69% | 19.76% | 10.55% | 13.31% | 10.35% | -18.13% | -174.2% |
| FCF Growth % | 53634.83% | 1378.18% | 72.55% | 80.52% | -5.58% | -273.81% | 118.56% | -45.24% | -147.07% | 48.81% | 2041.53% | -119.05% | -32.62% | -18.72% | 340.78% | -64.17% | -19.57% | 68.2% | 35.31% | 71.7% | 213.81% | 49.65% | - |
| FCF per Share | 4.15 | 1.25 | -0.11 | -0.40 | -2.72 | -3.97 | 2.36 | -1.43 | -0.88 | 1.93 | 1.18 | -0.07 | 0.38 | 0.58 | 0.72 | 0.19 | 0.57 | 0.68 | 0.39 | 0.33 | 0.23 | -0.48 | -1.29 |
| FCF Conversion (FCF/Net Income) | -4.90x | 4.58x | -0.49x | -2.19x | -0.22x | 0.05x | -0.30x | 0.14x | 0.08x | -1.41x | 2.89x | 1.82x | 3.80x | 2.06x | 2.57x | 5.63x | 2.42x | 2.22x | 0.99x | 1.38x | 0.65x | 235.43x | 1.00x |
| Interest Paid | 0 | 15.13M | 11.89M | 11.82M | 3.66M | 212K | 666K | 3.26M | 55.96M | 6.98M | 5.79M | 2.29M | 168K | 77K | 0 | 2K | 5K | 58K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 4.95M | 3.4M | 4.56M | 3.45M | 6.14M | 3.6M | 22.55M | 7.61M | 4.66M | 29.87M | 19.34M | 1.77M | 3.4M | 3.6M | 6.22M | 7.27M | 7.82M | 0 | 0 | 0 | 0 | 0 |
High Debt Service Burden
As reported in recent financial statements, the relationship between net income and operating cash flow is erratic, highlighted by a 2025Q3 OCF/NI ratio of 6.77, which suggests that GAAP earnings are frequently obscured by non-cash charges and significant working capital fluctuations rather than reflecting core operational cash generation.
The wide variance in the OCF/NI ratio indicates that net income is an unreliable proxy for the company's actual cash-generating capacity. Investors should monitor whether these swings are driven by sustainable improvements in operational efficiency or merely by the timing of non-recurring accounting adjustments.
Based on quarterly data, the company's free cash flow trajectory is inconsistent, with FCF margins swinging from a negative 7.1% in 2025Q1 to a robust 92.9% in 2025Q3, indicating that cash flow stability is highly sensitive to periodic working capital shifts and irregular capital expenditure patterns.
The lack of a predictable FCF trend complicates valuation, as the company appears unable to sustain positive cash flow generation across consecutive quarters. This volatility suggests that the business model may still be in a transition phase where cash flow is more a function of timing than structural profitability.
According to recent SEC filings, working capital changes have become the primary driver of quarterly cash flow, with a notable $26.2 million inflow in 2025Q3 alone, which suggests that the company's cash position is heavily reliant on the timing of receivables and payables rather than organic growth.
Such significant reliance on working capital movements implies that the company's underlying cash flow is susceptible to the payment cycles of its major telecommunications partners. Analysts should investigate whether these inflows represent a permanent improvement in collection efficiency or a temporary deferral of cash outflows.
As evidenced by historical data, capital expenditure as a percentage of revenue has fluctuated significantly, reaching as high as 13.9% in 2023Q3, which indicates that the company must continuously reinvest in its carrier-grade infrastructure to maintain its competitive position within the telecommunications ecosystem.
The variability in CapEx suggests that the company is balancing necessary maintenance of its cloud hosting environment against the need to preserve cash for debt service. This capital intensity may continue to constrain free cash flow if the company is forced to upgrade its infrastructure to meet evolving carrier security standards.
Quick answers to the most common questions about buying SNCR stock.
Synchronoss Technologies, Inc. (SNCR) generated $28.3M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Synchronoss Technologies, Inc. (SNCR) generated $13.4M in free cash flow in 2024. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Synchronoss Technologies, Inc. (SNCR) spent $1.9M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2024, Synchronoss Technologies, Inc. (SNCR) returned $4.3M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.