Filing Flows › CIRCLE8 Group (CIRC) › Q4 2024
CIRCLE8 Group (CIRC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
CIRCLE8 Group (CIRC) reported revenue of $130M for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and +20% from the quarter before. Operating margin was -4.5%, net loss $68.7M (53.0% of revenue).
CIRCLE8 Group, Q4 2024: revenue $130M (+12% year over year), operating margin -4.5%, net loss $68.7M, operating cash flow −$426K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | +20% | +11% |
| Operating profit | −$5.9M | — | — |
| Net earnings | −$68.7M | — | — |
| Operating cash flow | −$426K | — | — |
What changed
Revenue was $129.5M in Q4 2024, up 11% year over year and up 20% from the previous quarter. Temporary placement services was the largest line at 99% of revenue.
Gross margin was 10.3%, down 0.5 points from a year earlier. Operating costs exceeded revenue by $5.9M, an operating margin of -4.5%. Operating expenses grew 28% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+61%). The quarter ended with a net loss of $68.7M, wider than the previous quarter's $7.0M loss. Net interest and other expense of $37.7M was the main reason.
Operating cash flow was −$426K. Non-cash charges added back $1.2M of depreciation and amortization and $40.4M of share-based compensation. Working capital and other items added $26.6M. Capital expenditures of $23K exceeded it, leaving free cash flow of −$449K.
Questions
What was CIRCLE8 Group's revenue in the fourth quarter 2024?
CIRCLE8 Group (CIRC) reported revenue of $130M for the fourth quarter 2024 (Q4 2024), +11% from a year earlier and +20% from the quarter before.
Was CIRCLE8 Group profitable in the fourth quarter 2024?
Operating loss was $5.9M (-4.5% of revenue) and net loss $68.7M.
Source: CIRCLE8 Group 10-K on SEC EDGAR.