Filing Flows › Acorn Energy (ACFN) › Q1 2025
Acorn Energy (ACFN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Acorn Energy (ACFN) reported revenue of $3.1M for the first quarter 2025 (Q1 2025), +45% from a year earlier and -12% from the quarter before. Operating margin was 19.5%, net earnings $464K (15.0% of revenue).
Acorn Energy, Q1 2025: revenue $3.1M (+45% year over year), operating margin 19.5%, net earnings $464K, operating cash flow $271K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | -12% | +45% |
| Gross profit | $2.3M | -9% | +46% |
| Operating profit | $604K | -29% | +674% |
| Net earnings | $464K | -91% | +614% |
| Operating cash flow | $271K | +63% | — |
| Free cash flow | $265K | — | — |
What changed
Revenue was $3.1M in Q1 2025, up 45% year over year and down 12% from the previous quarter. Hardware was the largest line at 59% of revenue. Hardware added $799K year over year (up 78%), 83% of the total change.
Gross margin was 75.1%, up 0.5 points from a year earlier. Operating profit was $604K, a 19.5% margin (up 15.8 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 4% margin then. Operating expenses grew 14% against revenue growth of 45%. The fastest-growing cost line was Research & development (+22%). Net earnings were $464K, up 614% year over year. The effective tax rate was 24.5%.
Operating cash flow was $271K, 57% of net income including minority interests. Non-cash charges added back $30K of depreciation and amortization and $61K of share-based compensation. Working capital and other items used $294K. Capital expenditures of $6K left free cash flow of $265K.
Questions
What was Acorn Energy's revenue in the first quarter 2025?
Acorn Energy (ACFN) reported revenue of $3.1M for the first quarter 2025 (Q1 2025), +45% from a year earlier and -12% from the quarter before.
Was Acorn Energy profitable in the first quarter 2025?
Operating profit was $604K (19.5% of revenue) and net earnings $464K.
Source: Acorn Energy 10-Q on SEC EDGAR.