Flex Ltd
NASDAQ:FLEX

Watchlist Manager
Flex Ltd Logo
Flex Ltd
NASDAQ:FLEX
Watchlist
Price: 68.5 USD 1.42% Market Closed
Market Cap: 25.3B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-8%
5Y
+14%
10Y
+6%
Operating Income
+
3Y
+4%
5Y
+92%
10Y
+112%
Net Income
+
3Y
+7%
5Y
+170%
10Y
+68%

Earnings Waterfall
Flex Ltd

Revenue
26.3B USD
Cost of Revenue
-23.9B USD
Gross Profit
2.4B USD
Operating Expenses
-1B USD
Operating Income
1.4B USD
Other Expenses
-487m USD
Net Income
876m USD

Income Statement
Flex Ltd

Rotate your device to view
Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jul-2009 Oct-2009 Dec-2009 Mar-2010 Jul-2010 Oct-2010 Dec-2010 Mar-2011 Jul-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jul-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jul-2021 Oct-2021 Dec-2021 Mar-2022 Jul-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
158
0
0
0
89
16
33
51
68
67
66
64
69
73
78
82
(80)
(82)
(83)
(83)
76
78
84
90
98
105
106
107
108
110
113
119
123
128
133
140
146
149
150
145
139
136
138
143
150
156
155
153
166
170
177
188
230
243
248
249
207
362
366
373
218
213
212
Revenue
12 923
N/A
13 035
+1%
13 121
+1%
13 217
+1%
13 615
+3%
13 329
-2%
13 358
+0%
13 521
+1%
13 822
+2%
14 479
+5%
15 304
+6%
15 939
+4%
16 063
+1%
15 731
-2%
15 851
+1%
15 521
-2%
15 370
-1%
15 288
-1%
15 524
+2%
16 418
+6%
17 708
+8%
18 854
+6%
19 952
+6%
20 806
+4%
24 460
+18%
27 558
+13%
30 751
+12%
34 057
+11%
33 141
-3%
30 949
-7%
28 381
-8%
25 350
-11%
23 753
-6%
24 010
+1%
24 894
+4%
26 485
+6%
27 640
+4%
28 443
+3%
29 251
+3%
29 837
+2%
29 595
-1%
29 343
-1%
27 824
-5%
25 990
-7%
24 644
-5%
23 569
-4%
23 385
-1%
23 620
+1%
24 680
+4%
26 109
+6%
26 960
+3%
27 079
+0%
26 920
-1%
26 148
-3%
25 071
-4%
24 860
-1%
24 598
-1%
24 419
-1%
24 730
+1%
24 421
-1%
23 773
-3%
23 863
+0%
23 994
+1%
24 256
+1%
24 893
+3%
25 441
+2%
25 832
+2%
26 224
+2%
26 395
+1%
26 211
-1%
25 988
-1%
25 413
-2%
24 952
-2%
24 210
-3%
23 187
-4%
23 084
0%
23 343
+1%
24 124
+3%
25 313
+5%
25 557
+1%
25 456
0%
26 041
+2%
27 046
+4%
28 583
+6%
29 720
+4%
30 346
+2%
30 335
0%
30 040
-1%
29 387
-2%
26 415
-10%
47 303
+79%
46 377
-2%
45 830
-1%
25 813
-44%
26 074
+1%
26 333
+1%
Gross Profit
Cost of Revenue
(12 006)
(12 193)
(12 306)
(12 428)
(12 840)
(12 626)
(12 632)
(12 795)
(13 069)
(13 677)
(14 397)
(14 943)
(15 007)
(14 721)
(14 767)
(14 513)
(14 425)
(14 354)
(14 604)
(15 420)
(16 657)
(17 778)
(18 821)
(19 636)
(23 049)
(25 973)
(28 974)
(32 175)
(31 492)
(29 513)
(27 153)
(24 227)
(22 545)
(22 706)
(23 489)
(24 994)
(26 095)
(26 859)
(27 634)
(28 245)
(28 054)
(27 825)
(26 349)
(24 521)
(23 216)
(22 187)
(22 014)
(22 247)
(23 254)
(24 610)
(25 392)
(25 501)
(25 333)
(24 603)
(23 555)
(23 323)
(23 017)
(22 811)
(23 068)
(22 843)
(22 231)
(22 303)
(22 434)
(22 616)
(23 223)
(23 778)
(24 198)
(24 555)
(24 754)
(24 594)
(24 351)
(23 903)
(23 415)
(22 681)
(21 745)
(21 526)
(21 721)
(22 349)
(23 380)
(23 569)
(23 485)
(24 094)
(25 027)
(26 447)
(27 487)
(28 058)
(27 978)
(27 606)
(26 838)
(24 395)
(43 425)
(42 620)
(42 172)
(23 584)
(23 744)
(23 927)
Gross Profit
918
N/A
841
-8%
815
-3%
789
-3%
775
-2%
703
-9%
726
+3%
726
+0%
753
+4%
802
+7%
908
+13%
996
+10%
1 057
+6%
1 010
-4%
1 083
+7%
1 008
-7%
945
-6%
934
-1%
920
-2%
999
+9%
1 051
+5%
1 076
+2%
1 130
+5%
1 170
+4%
1 411
+21%
1 585
+12%
1 778
+12%
1 882
+6%
1 649
-12%
1 436
-13%
1 229
-14%
1 123
-9%
1 209
+8%
1 304
+8%
1 405
+8%
1 490
+6%
1 546
+4%
1 583
+2%
1 618
+2%
1 593
-2%
1 540
-3%
1 518
-1%
1 475
-3%
1 469
0%
1 428
-3%
1 382
-3%
1 371
-1%
1 373
+0%
1 426
+4%
1 499
+5%
1 569
+5%
1 577
+1%
1 587
+1%
1 545
-3%
1 517
-2%
1 537
+1%
1 581
+3%
1 608
+2%
1 662
+3%
1 579
-5%
1 543
-2%
1 560
+1%
1 561
+0%
1 640
+5%
1 670
+2%
1 663
0%
1 634
-2%
1 669
+2%
1 641
-2%
1 617
-1%
1 637
+1%
1 511
-8%
1 537
+2%
1 529
-1%
1 442
-6%
1 558
+8%
1 622
+4%
1 775
+9%
1 933
+9%
1 988
+3%
1 971
-1%
1 947
-1%
2 019
+4%
2 136
+6%
2 233
+5%
2 288
+2%
2 357
+3%
2 434
+3%
2 549
+5%
2 020
-21%
3 878
+92%
3 757
-3%
3 658
-3%
2 229
-39%
2 330
+5%
2 406
+3%
Operating Income
Operating Expenses
(473)
(431)
(463)
(470)
(479)
(455)
(486)
(487)
(497)
(503)
(549)
(579)
(601)
(558)
(570)
(562)
(544)
(501)
(472)
(489)
(527)
(506)
(535)
(544)
(744)
(979)
(1 100)
(1 243)
(1 211)
(1 204)
(1 263)
(1 245)
(1 160)
(852)
(948)
(877)
(893)
(868)
(869)
(871)
(906)
(927)
(895)
(836)
(829)
(770)
(794)
(1 099)
(1 009)
(966)
(970)
(955)
(958)
(828)
(868)
(893)
(968)
(1 021)
(1 100)
(1 148)
(1 105)
(1 041)
(1 059)
(932)
(953)
(928)
(980)
(1 082)
(1 068)
(1 036)
(989)
(963)
(951)
(897)
(860)
(846)
(837)
(879)
(933)
(841)
(878)
(976)
(807)
(821)
(843)
(1 077)
(1 104)
(1 127)
(1 146)
(992)
(1 791)
(1 734)
(1 711)
(974)
(999)
(1 043)
Selling, General & Administrative
(437)
(420)
(449)
(454)
(460)
(435)
(458)
(457)
(463)
(469)
(512)
(543)
(564)
(526)
(556)
(546)
(499)
(464)
(454)
(473)
(513)
(548)
(575)
(579)
(705)
(807)
(909)
(1 015)
(1 030)
(979)
(932)
(850)
(779)
(755)
(761)
(784)
(784)
(802)
(809)
(820)
(859)
(878)
(856)
(838)
(800)
(805)
(833)
(859)
(877)
(875)
(861)
(847)
(838)
(844)
(845)
(857)
(881)
(955)
(985)
(1 012)
(1 003)
(937)
(949)
(979)
(995)
(1 019)
(1 032)
(986)
(976)
(953)
(906)
(883)
(863)
(834)
(815)
(803)
(807)
(817)
(827)
(847)
(850)
(892)
(933)
(965)
(983)
(995)
(1 024)
(1 051)
(1 072)
(922)
(1 671)
(1 615)
(1 592)
(904)
(924)
(968)
Depreciation & Amortization
(36)
(11)
(14)
(16)
(19)
(20)
(28)
(30)
(34)
(35)
(37)
(37)
(36)
(34)
(43)
(45)
(45)
(37)
(35)
(33)
(32)
(37)
(47)
(52)
(65)
(112)
(121)
(158)
(169)
(136)
(134)
(106)
(95)
(90)
(84)
(83)
(78)
(66)
(60)
(50)
(47)
(50)
(45)
(41)
(34)
(30)
(30)
(30)
(30)
(29)
(28)
(28)
(31)
(32)
(33)
(41)
(52)
(66)
(80)
(86)
(85)
(81)
(80)
(74)
(75)
(79)
(77)
(79)
(80)
(74)
(73)
(71)
(66)
(64)
(62)
(62)
(62)
(62)
(62)
(61)
(60)
(68)
(75)
(81)
(85)
(82)
(80)
(76)
(74)
(70)
(120)
(119)
(119)
(70)
(75)
(75)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29
29
0
0
17
17
17
78
87
87
26
(61)
(70)
(70)
(13)
(89)
(197)
(289)
(286)
(7)
(103)
(11)
(31)
0
0
0
0
0
6
43
6
65
68
(209)
(103)
(62)
(82)
(80)
(89)
49
9
5
(35)
(1)
(35)
(50)
(17)
(21)
(31)
121
117
170
129
(17)
(11)
(9)
(11)
(10)
(22)
1
17
18
33
0
(44)
67
32
(16)
201
225
225
0
0
0
0
0
0
0
0
0
0
0
Operating Income
445
N/A
411
-8%
352
-14%
319
-9%
296
-7%
248
-16%
241
-3%
239
-1%
256
+7%
299
+17%
359
+20%
417
+16%
456
+9%
451
-1%
514
+14%
445
-13%
400
-10%
432
+8%
447
+4%
510
+14%
524
+3%
569
+9%
596
+5%
626
+5%
667
+6%
606
-9%
677
+12%
638
-6%
438
-31%
232
-47%
(34)
N/A
(122)
-257%
49
N/A
452
+832%
457
+1%
613
+34%
652
+6%
715
+10%
749
+5%
722
-4%
635
-12%
591
-7%
579
-2%
633
+9%
599
-5%
612
+2%
577
-6%
274
-53%
417
+52%
532
+28%
599
+13%
623
+4%
630
+1%
717
+14%
649
-10%
644
-1%
613
-5%
586
-4%
562
-4%
431
-23%
438
+2%
519
+19%
502
-3%
708
+41%
718
+1%
735
+2%
654
-11%
588
-10%
574
-2%
581
+1%
648
+11%
548
-15%
586
+7%
632
+8%
582
-8%
712
+22%
785
+10%
896
+14%
1 000
+12%
1 147
+15%
1 093
-5%
971
-11%
1 212
+25%
1 315
+8%
1 390
+6%
1 211
-13%
1 253
+3%
1 307
+4%
1 403
+7%
1 028
-27%
2 087
+103%
2 023
-3%
1 947
-4%
1 255
-36%
1 331
+6%
1 363
+2%
Pre-Tax Income
Interest Income Expense
(94)
(44)
(89)
(94)
(95)
(93)
(100)
(93)
(82)
(77)
(70)
(72)
(56)
(90)
(100)
(99)
(94)
(93)
(98)
(108)
(102)
(131)
(78)
(64)
(84)
(134)
(136)
(180)
(208)
(232)
(269)
(307)
(348)
(156)
(143)
(128)
(111)
(75)
(76)
(54)
(38)
(36)
(4)
(25)
(10)
(29)
(29)
(42)
(48)
114
107
113
118
(33)
(40)
(41)
(53)
(108)
(74)
(92)
(100)
(79)
(94)
(97)
(102)
(89)
(109)
(113)
(113)
(132)
(129)
(124)
(118)
(105)
(112)
(115)
(122)
(32)
(133)
(136)
(138)
(46)
(148)
(159)
(173)
(161)
(195)
(175)
(151)
(143)
(232)
(245)
(261)
(160)
(178)
(188)
Non-Reccuring Items
(902)
(619)
(782)
(266)
(363)
(304)
(432)
(588)
(562)
(633)
(332)
(210)
(184)
(112)
(137)
(88)
(122)
(192)
(159)
(271)
(191)
(152)
(163)
(66)
(312)
(448)
(456)
(456)
(6 161)
(6 130)
(6 165)
(6 178)
(238)
(307)
(43)
(30)
0
(6)
0
0
0
20
0
0
(83)
(227)
(268)
0
0
(75)
0
0
0
0
0
8
16
8
0
0
0
(49)
0
0
0
(91)
1
(29)
(165)
(219)
(362)
(463)
(342)
(321)
(270)
(175)
(209)
(138)
0
(85)
0
133
0
(15)
(20)
(27)
(50)
(53)
(122)
(175)
(277)
(292)
(230)
(86)
(84)
(117)
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
13
0
0
0
17
0
0
0
0
0
0
0
0
0
(12)
(12)
0
51
122
187
0
0
0
0
0
0
0
0
0
(7)
(11)
16
(27)
(39)
(41)
(70)
(171)
(175)
(178)
(174)
(13)
(9)
(26)
(35)
(31)
(35)
(11)
3
(20)
(8)
(8)
(11)
(34)
(28)
(38)
(61)
(48)
(51)
(62)
(48)
(47)
(37)
(11)
44
(12)
12
171
152
(13)
(21)
(197)
(234)
(49)
(27)
(45)
(51)
(44)
(88)
(57)
(46)
14
8
17
Pre-Tax Income
(551)
N/A
(253)
+54%
(519)
-105%
(41)
+92%
(162)
-291%
(149)
+8%
(292)
-96%
(441)
-51%
(388)
+12%
(411)
-6%
(43)
+89%
135
N/A
216
+60%
263
+22%
278
+6%
258
-7%
184
-29%
165
-10%
190
+15%
132
-31%
230
+75%
286
+24%
355
+24%
497
+40%
271
-45%
24
-91%
85
+253%
(10)
N/A
(5 943)
-61 163%
(6 130)
-3%
(6 418)
-5%
(6 484)
-1%
(350)
+95%
(11)
+97%
271
N/A
455
+68%
541
+19%
634
+17%
673
+6%
668
-1%
597
-11%
575
-4%
569
-1%
597
+5%
523
-12%
329
-37%
240
-27%
191
-21%
299
+57%
400
+34%
531
+33%
557
+5%
573
+3%
671
+17%
599
-11%
585
-2%
541
-8%
455
-16%
453
0%
327
-28%
341
+4%
371
+9%
399
+8%
603
+51%
604
+0%
521
-14%
517
-1%
407
-21%
234
-42%
182
-22%
105
-43%
(100)
N/A
77
N/A
159
+106%
162
+2%
411
+153%
499
+21%
714
+43%
879
+23%
1 097
+25%
1 107
+1%
1 045
-6%
1 043
0%
944
-9%
963
+2%
974
+1%
981
+1%
1 034
+5%
1 079
+4%
666
-38%
1 490
+124%
1 429
-4%
1 410
-1%
1 023
-27%
1 077
+5%
1 075
0%
Net Income
Tax Provision
199
92
145
33
65
65
49
64
39
65
55
69
66
69
45
(49)
(36)
(54)
(60)
25
7
(4)
(3)
(29)
(697)
(705)
(712)
(711)
(37)
(5)
9
68
59
36
20
(39)
(9)
(22)
(31)
(36)
(68)
(54)
(48)
(50)
(28)
(26)
(15)
(8)
(25)
(35)
(51)
(56)
(65)
(70)
(62)
(64)
(24)
(11)
(14)
(14)
(47)
(51)
(61)
(57)
(69)
(92)
(97)
(106)
(96)
(89)
(83)
(82)
(103)
(71)
(67)
(86)
(77)
(101)
(112)
(107)
(98)
(105)
(114)
(113)
(122)
59
68
183
134
206
160
29
78
(185)
(186)
(199)
Income from Continuing Operations
(353)
(160)
(373)
(9)
(97)
(84)
(242)
(377)
(349)
(346)
12
204
282
331
322
209
148
111
129
156
237
282
352
467
(426)
(681)
(627)
(721)
(5 979)
(6 136)
(6 409)
(6 416)
(291)
25
291
416
532
612
642
632
529
521
520
547
495
303
225
183
273
366
480
501
509
601
538
522
518
444
439
313
294
320
339
546
535
429
420
302
138
93
22
(182)
(25)
88
95
325
422
613
767
990
1 009
940
929
831
841
1 033
1 049
1 217
1 213
872
1 650
1 458
1 488
838
891
876
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
(10)
(16)
(23)
(240)
(259)
(431)
(460)
0
(214)
(36)
0
0
0
0
Net Income (Common)
(353)
N/A
(154)
+56%
(373)
-142%
(9)
+98%
(97)
-1 006%
(83)
+15%
(242)
-192%
(377)
-56%
(349)
+7%
(352)
-1%
12
N/A
204
+1 661%
282
+38%
340
+21%
324
-5%
229
-29%
173
-25%
141
-18%
167
+18%
354
+112%
431
+22%
470
+9%
531
+13%
467
-12%
(426)
N/A
(681)
-60%
(627)
+8%
(721)
-15%
(5 979)
-729%
(6 136)
-3%
(6 409)
-4%
(6 416)
0%
(291)
+95%
19
N/A
291
+1 431%
416
+43%
521
+25%
596
+14%
610
+2%
596
-2%
499
-16%
489
-2%
485
-1%
506
+4%
451
-11%
277
-39%
208
-25%
176
-16%
273
+56%
366
+34%
480
+31%
501
+4%
509
+2%
601
+18%
538
-11%
522
-3%
518
-1%
444
-14%
439
-1%
313
-29%
294
-6%
320
+9%
339
+6%
546
+61%
535
-2%
429
-20%
420
-2%
302
-28%
138
-54%
93
-33%
22
-77%
(182)
N/A
(25)
+86%
88
N/A
95
+8%
325
+242%
422
+30%
613
+45%
767
+25%
990
+29%
1 009
+2%
936
-7%
919
-2%
815
-11%
818
+0%
793
-3%
790
0%
786
-1%
753
-4%
1 006
+34%
1 570
+56%
1 556
-1%
1 622
+4%
838
-48%
891
+6%
876
-2%
EPS (Diluted)
-0.69
N/A
-0.33
+52%
-0.72
-118%
-0.01
+99%
-0.18
-1 700%
-0.16
+11%
-0.46
-188%
-0.72
-57%
-0.62
+14%
-0.66
-6%
0.01
N/A
0.36
+3 500%
0.49
+36%
0.57
+16%
0.54
-5%
0.4
-26%
0.28
-30%
0.23
-18%
0.28
+22%
0.6
+114%
0.71
+18%
0.78
+10%
0.86
+10%
0.77
-10%
-0.51
N/A
-0.95
-86%
-0.74
+22%
-0.88
-19%
-7.39
-740%
-7.47
-1%
-7.92
-6%
-7.85
+1%
-0.37
+95%
0.03
N/A
0.34
+1 033%
0.52
+53%
0.66
+27%
0.77
+17%
0.8
+4%
0.83
+4%
0.71
-14%
0.67
-6%
0.7
+4%
0.74
+6%
0.67
-9%
0.41
-39%
0.33
-20%
0.28
-15%
0.43
+54%
0.59
+37%
0.78
+32%
0.84
+8%
0.85
+1%
1.02
+20%
0.93
-9%
0.92
-1%
0.91
-1%
0.79
-13%
0.79
N/A
0.57
-28%
0.54
-5%
0.59
+9%
0.63
+7%
1.01
+60%
0.99
-2%
0.8
-19%
0.78
-3%
0.56
-28%
0.25
-55%
0.18
-28%
0.04
-78%
-0.35
N/A
-0.04
+89%
0.17
N/A
0.19
+12%
0.64
+237%
0.83
+30%
1.21
+46%
1.53
+26%
2.03
+33%
2.12
+4%
1.94
-8%
1.96
+1%
1.77
-10%
1.78
+1%
1.72
-3%
1.72
N/A
1.75
+2%
1.72
-2%
2.28
+33%
3.81
+67%
3.89
+2%
4.11
+6%
2.11
-49%
2.33
+10%
2.3
-1%

See Also

Summary
FLEX intrinsic value, competitors valuation, and company profile.
DCF Valuation
FLEX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FLEX stock valuation using valuation multiples.
Wall Street Estimates
FLEX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FLEX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 301,900+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.