Filing Flows › Cbiz (CBZ) › Q1 2025
Cbiz (CBZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Cbiz (CBZ) reported revenue of $838M for the first quarter 2025 (Q1 2025), +70% from a year earlier and +82% from the quarter before. Operating margin was 23.9%, net earnings $123M (14.7% of revenue).
Cbiz, Q1 2025: revenue $838M (+70% year over year), operating margin 23.9%, net earnings $123M, operating cash flow −$88.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $838M | +82% | +70% |
| Gross profit | $228M | — | +94% |
| Operating profit | $200M | — | +102% |
| Net earnings | $123M | — | +60% |
| Operating cash flow | −$88.3M | -259% | — |
What changed
Revenue was $838.0M in Q1 2025, up 70% year over year and up 82% from the previous quarter.
Gross margin was 27.2%, up 3.4 points from a year earlier. Operating profit was $200.0M, a 23.9% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 20% margin then. Operating expenses grew 50% against revenue growth of 70%. Net earnings were $122.8M, up 60% year over year. The effective tax rate was 29.0%.
Operating cash flow was −$88.3M. Non-cash charges added back $24.8M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $241.5M. Capital expenditures of $5.2M exceeded it, leaving free cash flow of −$93.4M.
Questions
What was Cbiz's revenue in the first quarter 2025?
Cbiz (CBZ) reported revenue of $838M for the first quarter 2025 (Q1 2025), +70% from a year earlier and +82% from the quarter before.
Was Cbiz profitable in the first quarter 2025?
Operating profit was $200M (23.9% of revenue) and net earnings $123M.
Source: Cbiz 10-Q on SEC EDGAR.