Filing Flows › ADT (ADT) › Q1 2025
ADT (ADT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
ADT (ADT) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +0.6% from the quarter before. Operating margin was 25.2%, net earnings $140M (11.1% of revenue).
ADT, Q1 2025: revenue $1.3B (+6% year over year), operating margin 25.2%, net earnings $140M, operating cash flow $467M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +0.6% | +7% |
| Operating profit | $319M | +5% | +9% |
| Net earnings | $140M | -26% | +53% |
| Operating cash flow | $467M | +2% | +28% |
| Free cash flow | $210M | — | — |
What changed
Revenue was $1.3B in Q1 2025, up 7% year over year and up 1% from the previous quarter. Recurring monthly revenue was the largest line at 83% of revenue. Installation revenue added $0.05B year over year (up 119%), 67% of the total change.
Operating profit was $0.32B, a 25.2% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 25% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $0.14B, up 53% year over year. The effective tax rate was 26.7%.
Operating cash flow was $0.47B (up 28% year over year), 333% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.03B. After dealer generated customer accounts and bulk account purchases ($0.11B) and subscriber system asset expenditures ($0.10B) and purchases of property and equipment ($0.04B), free cash flow as the company reports it was $0.21B.
Questions
What was ADT's revenue in the first quarter 2025?
ADT (ADT) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +0.6% from the quarter before.
Was ADT profitable in the first quarter 2025?
Operating profit was $319M (25.2% of revenue) and net earnings $140M.
Source: ADT 10-Q on SEC EDGAR.