Filing Flows › CitroTech (CITR) › Q1 2025
CitroTech (CITR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
CitroTech (CITR) reported revenue of $969K for the first quarter 2025 (Q1 2025), +124% from a year earlier and up 14-fold from the quarter before. Operating margin was -356.8%.
CitroTech, Q1 2025: revenue $969K (+124% year over year), operating margin -356.8%, net loss $10.9M, operating cash flow −$714K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $969K | 14× | +124% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$10.9M | — | — |
| Operating cash flow | −$714K | — | — |
What changed
Revenue was $1.0M in Q1 2025, up 124% year over year and up 1292% from the previous quarter.
Operating costs exceeded revenue by $3.5M, an operating margin of -356.8%. The fastest-growing cost line was General & admin (+45%). The quarter ended with a net loss of $10.9M, wider than the previous quarter's $1.8M loss. Net interest and other expense of $7.4M was the main reason.
Operating cash flow was −$714K. Non-cash charges added back $75K of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $7.3M. Capital expenditures of $27K exceeded it, leaving free cash flow of −$741K.
Questions
What was CitroTech's revenue in the first quarter 2025?
CitroTech (CITR) reported revenue of $969K for the first quarter 2025 (Q1 2025), +124% from a year earlier and up 14-fold from the quarter before.
Was CitroTech profitable in the first quarter 2025?
Operating loss was $3.5M (-356.8% of revenue) and net loss $10.9M.
Source: CitroTech 10-Q on SEC EDGAR.