Filing Flows › CRA International (CRAI) › Q1 2025
CRA International (CRAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
CRA International (CRAI) reported revenue of $182M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +3% from the quarter before. Operating margin was 14.0%, net earnings $18.0M (9.9% of revenue).
CRA International, Q1 2025: revenue $182M (+6% year over year), operating margin 14.0%, net earnings $18.0M, operating cash flow −$80.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $182M | +3% | +6% |
| Operating profit | $25.5M | +19% | +30% |
| Net earnings | $18.0M | +20% | +31% |
| Operating cash flow | −$80.0M | — | — |
What changed
Revenue was $181.9M in Q1 2025, up 6% year over year and up 3% from the previous quarter.
Operating profit was $25.5M, a 14.0% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 11% margin then. Total costs grew 3% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $18.0M, up 31% year over year. The effective tax rate was 27.0%.
Operating cash flow was −$80.0M. Non-cash charges added back $3.4M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $102.8M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$81.0M.
Questions
What was CRA International's revenue in the first quarter 2025?
CRA International (CRAI) reported revenue of $182M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +3% from the quarter before.
Was CRA International profitable in the first quarter 2025?
Operating profit was $25.5M (14.0% of revenue) and net earnings $18.0M.
Source: CRA International 10-Q on SEC EDGAR.