Filing Flows › CIRCLE8 Group (CIRC) › Q1 2025
CIRCLE8 Group (CIRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
CIRCLE8 Group (CIRC) reported revenue of $103M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -21% from the quarter before. Operating margin was -9.2%, net loss $10.7M (10.5% of revenue).
CIRCLE8 Group, Q1 2025: revenue $103M (+2% year over year), operating margin -9.2%, net loss $10.7M, operating cash flow $14.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | -21% | +2% |
| Operating profit | −$9.4M | — | — |
| Net earnings | −$10.7M | — | — |
| Operating cash flow | $14.6M | — | +30% |
| Free cash flow | $14.6M | — | +30% |
What changed
Revenue was $102.8M in Q1 2025, up 2% year over year and down 21% from the previous quarter. Temporary placement services was the largest line at 99% of revenue. Temporary placement services added $2.2M year over year (up 2%), 99% of the total change.
Gross margin was 10.9%, up 0.5 points from a year earlier. Operating costs exceeded revenue by $9.4M, an operating margin of -9.2%. Operating expenses grew 78% against revenue growth of 2%. The fastest-growing cost line was SG&A (+88%). The quarter ended with a net loss of $10.7M, narrower than the previous quarter's $68.7M loss.
Operating cash flow was $14.6M (up 30% year over year). Non-cash charges added back $1.2M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $18.0M. Capital expenditures of $12K left free cash flow of $14.6M.
Questions
What was CIRCLE8 Group's revenue in the first quarter 2025?
CIRCLE8 Group (CIRC) reported revenue of $103M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -21% from the quarter before.
Was CIRCLE8 Group profitable in the first quarter 2025?
Operating loss was $9.4M (-9.2% of revenue) and net loss $10.7M.
Source: CIRCLE8 Group 10-Q on SEC EDGAR.