Filing Flows › Boeing (BA) › Q1 2025
Boeing (BA) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Boeing (BA) reported revenue of $19.5B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +28% from the quarter before. Operating margin was 2.4%, net loss $31.0M (0.2% of revenue).
Boeing, Q1 2025: revenue $19.5B (+18% year over year), operating margin 2.4%, net loss $31.0M, operating cash flow −$1.6B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.5B | +28% | +18% |
| Operating profit | $461M | — | — |
| Net earnings | −$31.0M | — | — |
| Operating cash flow | −$1.6B | — | — |
What changed
Revenue was $19.5B in Q1 2025, up 18% year over year and up 28% from the previous quarter. Sales of products was the largest line at 83% of revenue. Sales of products added $2.9B year over year (up 22%), 98% of the total change.
Gross margin was 12.4%, up 1.1 points from a year earlier. Operating profit was $0.46B, a 2.4% margin (up 2.9 points year over year). Operating expenses fell 0% while revenue rose 18%. The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $3.9B loss. Net interest and other expense of $0.39B was the main reason.
Operating cash flow was −$1.6B. Non-cash charges added back $0.47B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items used $2.2B. Capital expenditures of $0.67B exceeded it, leaving free cash flow of −$2.3B.
Questions
What was Boeing's revenue in the first quarter 2025?
Boeing (BA) reported revenue of $19.5B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +28% from the quarter before.
Was Boeing profitable in the first quarter 2025?
Operating profit was $461M (2.4% of revenue) and net loss $31.0M.
Source: Boeing 10-Q on SEC EDGAR.