Filing Flows › Cohen (COHN) › Q1 2025
Cohen (COHN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Cohen (COHN) reported revenue of $28.7M for the first quarter 2025 (Q1 2025), +55% from a year earlier and +55% from the quarter before. Operating margin was 0.4%, net earnings $329K (1.1% of revenue).
Cohen, Q1 2025: revenue $28.7M (+55% year over year), operating margin 0.4%, net earnings $329K, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.7M | +55% | +55% |
| Operating profit | $107K | — | — |
| Net earnings | $329K | — | -84% |
| Operating cash flow | −$6.4M | -244% | — |
What changed
Revenue was $28.7M in Q1 2025, up 55% year over year and up 55% from the previous quarter.
Operating profit was $107K, a 0.4% margin (up 18.6 points year over year). Total costs grew 31% against revenue growth of 55%. Net earnings were $329K, down 84% year over year. The effective tax rate was 12.9%. Non-operating items added $1.0M, 90% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$6.4M. Non-cash charges added back $172K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $8.6M. Capital expenditures of $157K exceeded it, leaving free cash flow of −$6.5M.
Questions
What was Cohen's revenue in the first quarter 2025?
Cohen (COHN) reported revenue of $28.7M for the first quarter 2025 (Q1 2025), +55% from a year earlier and +55% from the quarter before.
Was Cohen profitable in the first quarter 2025?
Operating profit was $107K (0.4% of revenue) and net earnings $329K.
Source: Cohen 10-Q on SEC EDGAR.