MaxLinear, Inc.

MXLNASDAQTechnology● Active

$79.27

$-1.65(-2.04%)

Market Cap$7.1B

P/E Ratio—

52W High$106.28

52W Low$11.63

Avg Volume4.1M

Open$85.50

Beta4.00

Free Cash Flow Financials Revenue

MaxLinear, Inc. (MXL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MXL · free cash flow · updated Jun 8, 2026

Core FCF metrics

MXL · FCF · TTM · margin & CAGR

Free cash flow was $7.0M for FY2025 (fiscal year ending 2025-12-31), up 111.1% year-over-year The FCF margin was 1.5%. Five-year CAGR stands at -35.1%.

FY2025 Free Cash Flow$7.0M▲ +111.1% YoY

Trailing 12M (TTM)$10.2Mtrailing 4 quarters sum

FCF Margin1.5%$7.0M ÷ revenue

3-Year CAGR-72.8%FY2022 → FY2025

5-Year CAGR-35.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MXL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$19.6M(13M)$7.0M▲ +111.1%1.5%

FY2024−$45.3M(18M)−$63.0M▼ 643.2%-17.5%

FY2023$25.0M(13M)$11.6M▼ 96.7%1.7%

FY2022$388.7M(41M)$347.5M▲ +169.2%31.0%

FY2021$168.2M(39M)$129.1M▲ +111.2%14.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MXL · P/FCF · FCF yield · FCF per share

MaxLinear, Inc. (MXL) trades at a FCF yield of 0.14% and a price-to-free-cash-flow ratio of 660.6x. FCF per share stands at $0.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.14%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x660.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x707.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MXL · cash flow statement · operating / investing / financing

For FY2025, MaxLinear, Inc. generated $19.6M in operating cash flow and spent 13M in capital expenditures, yielding $7.0M in free cash flow.

Operating Activities

+$19.6M

Cash from core business operations

2025-12-31

Investing Activities

−$19.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$18.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($19.6M) − |CapEx| (13M) = FCF ($7.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

MXL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

MaxLinear, Inc.YOU

MXL

$7.0M+111.1%1.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

MaxLinear, Inc. (MXL) reported free cash flow of $7.0M for FY2025 (fiscal year ending 2025-12-31), up 111.1% year-over-year. The FCF margin was 1.5%.

Based on available data, MaxLinear, Inc. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $347.5M in FY2022. The 5-year CAGR stands at -35.1%.

MaxLinear, Inc.'s FCF yield is 0.14% and price-to-FCF ratio is 660.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MXL free cash flow · 8 questions

MaxLinear, Inc. free cash flow was $7.0M for FY2025, up 111.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $10.2M.

MXL free cash flowMXL FCFMXL FCF 2025MXL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · MaxLinear, Inc. · MaxLinear, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026