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Cars.com (CARS) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 8, 2025

Cars.com (CARS) reported revenue of $179M for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and -0.8% from the quarter before. Operating margin was 3.6%, net loss $2.0M (1.1% of revenue).

Revenue$179M
Year over year-0.6%
Quarter over quarter-0.8%
Operating margin3.6%
Net earnings−$2.0M

Cars.com, Q1 2025: revenue $179M (-0.6% year over year), operating margin 3.6%, net loss $2.0M, operating cash flow $29.5M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$179M-0.8%-0.6%
Operating profit$6.5M——
Net earnings−$2.0M——
Operating cash flow$29.5M-2%-12%
Free cash flow$23.7M—-14%

What changed

Revenue was $179.0M in Q1 2025, down 1% year over year and down 1% from the previous quarter.

Operating profit was $6.5M, a 3.6% margin (down 3.5 points year over year). Total costs grew 3% against a revenue fall of 1%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $2.0M, after a profit of $17.3M the previous quarter. Net interest and other expense of $7.7M was the main reason.

Operating cash flow was $29.5M (down 12% year over year). Non-cash charges added back $27.0M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items used $3.9M. After capitalization of internally developed technology ($5.0M) and purchase of property and equipment ($811K), free cash flow as the company reports it was $23.7M.

Questions

What was Cars.com's revenue in the first quarter 2025?

Cars.com (CARS) reported revenue of $179M for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and -0.8% from the quarter before.

Was Cars.com profitable in the first quarter 2025?

Operating profit was $6.5M (3.6% of revenue) and net loss $2.0M.

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Source: Cars.com 10-Q on SEC EDGAR.