Filing Flows › Artisan Partners Asset Management (APAM) › Q1 2025
Artisan Partners Asset Management (APAM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Artisan Partners Asset Management (APAM) reported revenue of $277M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -7% from the quarter before. Operating margin was 31.2%, net earnings $61.1M (22.1% of revenue).
Artisan Partners Asset Management, Q1 2025: revenue $277M (+5% year over year), operating margin 31.2%, net earnings $61.1M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | -7% | +5% |
| Operating profit | $86.5M | -21% | +11% |
| Net earnings | $61.1M | -12% | +3% |
| Operating cash flow | $158M | +325% | +7% |
| Free cash flow | $158M | +330% | +7% |
What changed
Revenue was $277.1M in Q1 2025, up 5% year over year and down 7% from the previous quarter.
Operating profit was $86.5M, a 31.2% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 69% reached operating profit, above the 29% margin then. Total costs grew 2% against revenue growth of 5%. Net earnings were $61.1M, up 3% year over year. The effective tax rate was 20.6%.
Operating cash flow was $157.9M (up 7% year over year), 204% of net income including minority interests. Non-cash charges added back $2.5M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items added $70.6M. Capital expenditures of $206K left free cash flow of $157.7M.
Questions
What was Artisan Partners Asset Management's revenue in the first quarter 2025?
Artisan Partners Asset Management (APAM) reported revenue of $277M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -7% from the quarter before.
Was Artisan Partners Asset Management profitable in the first quarter 2025?
Operating profit was $86.5M (31.2% of revenue) and net earnings $61.1M.
Source: Artisan Partners Asset Management 10-Q on SEC EDGAR.