Filing Flows › Ashford Hospitality Trust (AHT) › Q1 2025
Ashford Hospitality Trust (AHT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Ashford Hospitality Trust (AHT) reported revenue of $277M for the first quarter 2025 (Q1 2025), -9% from a year earlier and +0.7% from the quarter before. Operating margin was 22.2%, net loss $22.2M (8.0% of revenue).
Ashford Hospitality Trust, Q1 2025: revenue $277M (-9% year over year), operating margin 22.2%, net loss $22.2M, operating cash flow −$25.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +0.7% | -9% |
| Operating profit | $61.5M | — | — |
| Net earnings | −$22.2M | — | — |
| Operating cash flow | −$25.0M | -277% | — |
What changed
Revenue was $277.4M in Q1 2025, down 9% year over year and up 1% from the previous quarter. Rooms was the largest line at 74% of revenue. Rooms lost $22.9M year over year (down 10%), 86% of the total change.
Operating profit was $61.5M, a 22.2% margin (down 28.0 points year over year). Total costs grew 43% against a revenue fall of 9%. The quarter ended with a net loss of $22.2M, narrower than the previous quarter's $129.1M loss. Minority interests bore $2.2M of it: to shareholders the quarter was a loss of $20.0M. Net interest and other expense of $83.4M was the main reason.
Operating cash flow was −$25.0M. Non-cash charges added back $37.3M of depreciation and amortization. Working capital and other items used $40.1M. Capital expenditures of $19.9M exceeded it, leaving free cash flow of −$44.8M.
Questions
What was Ashford Hospitality Trust's revenue in the first quarter 2025?
Ashford Hospitality Trust (AHT) reported revenue of $277M for the first quarter 2025 (Q1 2025), -9% from a year earlier and +0.7% from the quarter before.
Was Ashford Hospitality Trust profitable in the first quarter 2025?
Operating profit was $61.5M (22.2% of revenue) and net loss $22.2M.