Filing Flows › Cadre Holdings (CDRE) › Q1 2025
Cadre Holdings (CDRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Cadre Holdings (CDRE) reported revenue of $130M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -26% from the quarter before. Operating margin was 10.4%, net earnings $9.2M (7.1% of revenue).
Cadre Holdings, Q1 2025: revenue $130M (-6% year over year), operating margin 10.4%, net earnings $9.2M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | -26% | -6% |
| Gross profit | $56.1M | -27% | -3% |
| Operating profit | $13.6M | -54% | +13% |
| Net earnings | $9.2M | -29% | +33% |
| Operating cash flow | $17.4M | -27% | +714% |
| Free cash flow | $16.1M | -28% | 20× |
What changed
Revenue was $130.1M in Q1 2025, down 6% year over year and down 26% from the previous quarter.
Gross margin was 43.1%, up 1.3 points from a year earlier. Operating profit was $13.6M, a 10.4% margin (up 1.7 points year over year). Operating expenses fell 7% while revenue fell 6%. Net earnings were $9.2M, up 33% year over year. The effective tax rate was 26.6%.
Operating cash flow was $17.4M (up 714% year over year), 188% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $1.3M left free cash flow of $16.1M.
Questions
What was Cadre Holdings' revenue in the first quarter 2025?
Cadre Holdings (CDRE) reported revenue of $130M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -26% from the quarter before.
Was Cadre Holdings profitable in the first quarter 2025?
Operating profit was $13.6M (10.4% of revenue) and net earnings $9.2M.
Source: Cadre Holdings 10-Q on SEC EDGAR.