Filing Flows › Canterbury Park Holding (CPHC) › Q1 2025
Canterbury Park Holding (CPHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Canterbury Park Holding (CPHC) reported revenue of $13.1M for the first quarter 2025 (Q1 2025), -7% from a year earlier and +10% from the quarter before. Operating margin was 4.9%, net loss $299K (2.3% of revenue).
Canterbury Park Holding, Q1 2025: revenue $13.1M (-7% year over year), operating margin 4.9%, net loss $299K, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.1M | +10% | -7% |
| Operating profit | $650K | — | — |
| Net earnings | −$299K | — | — |
| Operating cash flow | $3.4M | — | +109% |
| Free cash flow | $2.5M | — | — |
What changed
Revenue was $13.1M in Q1 2025, down 7% year over year and up 10% from the previous quarter. Casino was the largest line at 70% of revenue. Casino lost $864K year over year (down 9%), 90% of the total change.
Operating profit was $650K, a 4.9% margin (down 7.6 points year over year). Total costs grew 1% against a revenue fall of 7%. The fastest-growing cost line was Sales & marketing (+24%). The quarter ended with a net loss of $299K, narrower than the previous quarter's $1.2M loss. Net interest and other expense of $1.1M was the main reason.
Operating cash flow was $3.4M (up 109% year over year). Non-cash charges added back $931K of depreciation and $153K of share-based compensation. Working capital and other items added $2.6M. Capital expenditures of $859K left free cash flow of $2.5M.
Questions
What was Canterbury Park Holding's revenue in the first quarter 2025?
Canterbury Park Holding (CPHC) reported revenue of $13.1M for the first quarter 2025 (Q1 2025), -7% from a year earlier and +10% from the quarter before.
Was Canterbury Park Holding profitable in the first quarter 2025?
Operating profit was $650K (4.9% of revenue) and net loss $299K.