Filing Flows › CIM Group (CMRF) › Q4 2024
CIM Group (CMRF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
CIM Group (CMRF) reported revenue of $106M for the fourth quarter 2024 (Q4 2024), -25% from a year earlier and -12% from the quarter before. Operating margin was -9.8%, net loss $15.3M (14.4% of revenue).
CIM Group, Q4 2024: revenue $106M (-25% year over year), operating margin -9.8%, net loss $15.3M, operating cash flow $30.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | -12% | -25% |
| Operating profit | −$10.4M | — | — |
| Net earnings | −$15.3M | — | — |
| Operating cash flow | $30.5M | -32% | -43% |
| Free cash flow | $28.4M | — | -43% |
What changed
Revenue was $106.2M in Q4 2024, down 25% year over year and down 12% from the previous quarter.
Operating costs exceeded revenue by $10.4M, an operating margin of -9.8%. Total costs fell 27% while revenue fell 25%. The fastest-growing cost line was General & admin (+44%). The quarter ended with a net loss of $15.3M, after a profit of $7.3M the previous quarter.
Operating cash flow was $30.5M (down 43% year over year). Non-cash charges added back $7.6M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $37.2M. Capital expenditures of $2.1M left free cash flow of $28.4M.
Questions
What was CIM Group's revenue in the fourth quarter 2024?
CIM Group (CMRF) reported revenue of $106M for the fourth quarter 2024 (Q4 2024), -25% from a year earlier and -12% from the quarter before.
Was CIM Group profitable in the fourth quarter 2024?
Operating loss was $10.4M (-9.8% of revenue) and net loss $15.3M.
Source: CIM Group 10-K on SEC EDGAR.