Filing Flows › Cbiz (CBZ) › Q4 2024
Cbiz (CBZ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Cbiz (CBZ) reported revenue of $460M for the fourth quarter 2024 (Q4 2024), +41% from a year earlier and +5% from the quarter before. Operating margin was -23.2%, net loss $90.7M (19.7% of revenue).
Cbiz, Q4 2024: revenue $460M (+40% year over year), operating margin -23.2%, net loss $90.7M, operating cash flow $55.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | +5% | +41% |
| Operating profit | −$107M | — | — |
| Net earnings | −$90.7M | — | — |
| Operating cash flow | $55.5M | +27% | -42% |
| Free cash flow | $52.3M | +27% | -43% |
What changed
Revenue was $460.3M in Q4 2024, up 41% year over year and up 5% from the previous quarter. Accounting, tax, advisory and consulting was the largest line at 78% of revenue.
Operating costs exceeded revenue by $106.7M, an operating margin of -23.2%. Total costs grew 60% against revenue growth of 41%. The fastest-growing cost line was General & admin (+233%). The quarter ended with a net loss of $90.7M, after a profit of $35.1M the previous quarter.
Operating cash flow was $55.5M (down 42% year over year). Non-cash charges added back $19.5M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $120.4M. Capital expenditures of $3.3M left free cash flow of $52.3M.
Questions
What was Cbiz's revenue in the fourth quarter 2024?
Cbiz (CBZ) reported revenue of $460M for the fourth quarter 2024 (Q4 2024), +41% from a year earlier and +5% from the quarter before.
Was Cbiz profitable in the fourth quarter 2024?
Operating loss was $107M (-23.2% of revenue) and net loss $90.7M.
Source: Cbiz 10-K on SEC EDGAR.