Filing Flows › Bausch Health Companies (BHC) › Q1 2025
Bausch Health Companies (BHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Bausch Health Companies (BHC) reported revenue of $2.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -12% from the quarter before. Operating margin was 12.2%, net loss $86.0M (3.8% of revenue).
Bausch Health Companies, Q1 2025: revenue $2.3B (+5% year over year), operating margin 12.2%, net loss $86.0M, operating cash flow $211M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -12% | +5% |
| Operating profit | $276M | — | — |
| Net earnings | −$86.0M | — | — |
| Operating cash flow | $211M | -65% | 0% |
| Free cash flow | $96.0M | -81% | -26% |
What changed
Revenue was $2.3B in Q1 2025, up 5% year over year and down 12% from the previous quarter. Product sales was the largest line at 99% of revenue. Product sales added $0.10B year over year (up 5%), 92% of the total change.
Operating profit was $0.28B, a 12.2% margin (down 0.8 points year over year). Operating profit fell $0.01B even though revenue rose $0.11B versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 5%. The quarter ended with a net loss of $0.09B, after a profit of $0.10B the previous quarter. Minority interests bore $0.03B of it: to shareholders the quarter was a loss of $0.06B. Net interest and other expense of $0.32B was the main reason.
Operating cash flow was $0.21B (roughly flat year over year). Non-cash charges added back $0.30B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.12B left free cash flow of $0.10B.
Questions
What was Bausch Health Companies' revenue in the first quarter 2025?
Bausch Health Companies (BHC) reported revenue of $2.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -12% from the quarter before.
Was Bausch Health Companies profitable in the first quarter 2025?
Operating profit was $276M (12.2% of revenue) and net loss $86.0M.