Filing Flows › First Busey (BUSE) › Q1 2025
First Busey (BUSE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
First Busey (BUSE) reported revenue of $125M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +7% from the quarter before. Operating margin was -26.1%, net loss $30.0M (24.0% of revenue).
First Busey, Q1 2025: revenue $125M (+13% year over year), operating margin -26.1%, net loss $30.0M, operating cash flow $8.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | +7% | +13% |
| Operating profit | −$32.7M | — | — |
| Net earnings | −$30.0M | — | — |
| Operating cash flow | $8.4M | -84% | -78% |
| Free cash flow | $6.6M | -87% | -82% |
What changed
Revenue was $125.0M in Q1 2025, up 13% year over year and up 7% from the previous quarter.
Operating costs exceeded revenue by $32.7M, an operating margin of -26.1%. Total costs grew 108% against revenue growth of 13%. The quarter ended with a net loss of $30.0M, after a profit of $28.1M the previous quarter.
Operating cash flow was $8.4M (down 78% year over year). Non-cash charges added back $2.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $32.3M. Capital expenditures of $1.8M left free cash flow of $6.6M.
Questions
What was First Busey's revenue in the first quarter 2025?
First Busey (BUSE) reported revenue of $125M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +7% from the quarter before.
Was First Busey profitable in the first quarter 2025?
Operating loss was $32.7M (-26.1% of revenue) and net loss $30.0M.
Source: First Busey 10-Q on SEC EDGAR.