Filing Flows › Crawford (CRD-A) › Q1 2025
Crawford (CRD-A) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Crawford (CRD-A) reported revenue of $323M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -10% from the quarter before. Operating margin was 3.6%, net earnings $6.7M (2.1% of revenue).
Crawford, Q1 2025: revenue $323M (+3% year over year), operating margin 3.6%, net earnings $6.7M, operating cash flow −$13.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $323M | -10% | +3% |
| Operating profit | $11.6M | -3% | +83% |
| Net earnings | $6.7M | +15% | +143% |
| Operating cash flow | −$13.9M | — | — |
What changed
Revenue was $323.3M in Q1 2025, up 3% year over year and down 10% from the previous quarter. Service was the largest line at 97% of revenue. Service added $10.4M year over year (up 3%), 101% of the total change. Reimbursements declined 1%.
Operating profit was $11.6M, a 3.6% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 2% margin then. Total costs grew 2% against revenue growth of 3%. Net earnings were $6.7M, up 136% year over year. The effective tax rate was 26.9%.
Operating cash flow was −$13.9M. Non-cash charges added back $9.6M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $31.7M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$14.9M.
Questions
What was Crawford's revenue in the first quarter 2025?
Crawford (CRD-A) reported revenue of $323M for the first quarter 2025 (Q1 2025), +3% from a year earlier and -10% from the quarter before.
Was Crawford profitable in the first quarter 2025?
Operating profit was $11.6M (3.6% of revenue) and net earnings $6.7M.
Source: Crawford 10-Q on SEC EDGAR.