Filing Flows › Traeger (COOK) › Q1 2025
Traeger (COOK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Traeger (COOK) reported revenue of $143M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -15% from the quarter before. Operating margin was 2.4%, net loss $778K (0.5% of revenue).
Traeger, Q1 2025: revenue $143M (-1% year over year), operating margin 2.4%, net loss $778K, operating cash flow −$20.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | -15% | -1% |
| Operating profit | $3.4M | — | — |
| Net earnings | −$778K | — | — |
| Operating cash flow | −$20.8M | — | — |
What changed
Revenue was $143.3M in Q1 2025, down 1% year over year and down 15% from the previous quarter. Grills was the largest line at 60% of revenue. Accessories lost $9.5M year over year (down 27%), 584% of the total change.
Gross margin was 41.5%, down 1.7 points from a year earlier. Operating profit was $3.4M, a 2.4% margin (up 2.4 points year over year). Operating expenses fell 11% while revenue fell 1%. The quarter ended with a net loss of $778K, narrower than the previous quarter's $7.0M loss. Net interest and other expense of $5.8M was the main reason.
Operating cash flow was −$20.8M. Non-cash charges added back $8.8M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $34.1M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$22.7M.
Questions
What was Traeger's revenue in the first quarter 2025?
Traeger (COOK) reported revenue of $143M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -15% from the quarter before.
Was Traeger profitable in the first quarter 2025?
Operating profit was $3.4M (2.4% of revenue) and net loss $778K.
Source: Traeger 10-Q on SEC EDGAR.