Filing Flows › Camden National (CAC) › Q1 2025
Camden National (CAC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Camden National (CAC) reported revenue of $60.1M for the first quarter 2025 (Q1 2025), +44% from a year earlier and +26% from the quarter before. Operating margin was 10.3%, net earnings $7.3M (12.2% of revenue).
Camden National, Q1 2025: revenue $60.1M (+44% year over year), operating margin 10.3%, net earnings $7.3M, operating cash flow $1.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $60.1M | +26% | +44% |
| Operating profit | $6.2M | -66% | -62% |
| Net earnings | $7.3M | -50% | -45% |
| Operating cash flow | $1.0M | -98% | -94% |
What changed
Revenue was $60.1M in Q1 2025, up 44% year over year and up 26% from the previous quarter.
Operating profit was $6.2M, a 10.3% margin (down 29.0 points year over year). Operating profit fell $10.2M even though revenue rose $18.5M versus a year earlier, so costs grew faster than sales. Total costs grew 113% against revenue growth of 44%. Net earnings were $7.3M, down 45% year over year. The effective tax rate was -18.7%.
Operating cash flow was $1.0M (down 94% year over year), 14% of net earnings. Non-cash charges added back $827K of share-based compensation. Working capital and other items used $7.1M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$727K.
Questions
What was Camden National's revenue in the first quarter 2025?
Camden National (CAC) reported revenue of $60.1M for the first quarter 2025 (Q1 2025), +44% from a year earlier and +26% from the quarter before.
Was Camden National profitable in the first quarter 2025?
Operating profit was $6.2M (10.3% of revenue) and net earnings $7.3M.
Source: Camden National 10-Q on SEC EDGAR.