Filing Flows › Crawford (CRD-A) › Q2 2025
Crawford (CRD-A) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Crawford (CRD-A) reported revenue of $335M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +3% from the quarter before. Operating margin was 4.8%, net earnings $7.8M (2.3% of revenue).
Crawford, Q2 2025: revenue $335M (+2% year over year), operating margin 4.8%, net earnings $7.8M, operating cash flow $35.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $335M | +3% | +2% |
| Operating profit | $16.1M | +39% | +4% |
| Net earnings | $7.8M | +16% | -8% |
| Operating cash flow | $35.0M | — | +203% |
| Free cash flow | $33.6M | — | +188% |
What changed
Revenue was $334.6M in Q2 2025, up 2% year over year and up 3% from the previous quarter. Service was the largest line at 97% of revenue. Service added $8.8M year over year (up 3%), 113% of the total change. Reimbursements declined 8%.
Operating profit was $16.1M, a 4.8% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 5% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $7.8M, down 9% year over year. The effective tax rate was 42.8%.
Operating cash flow was $35.0M (up 203% year over year), 448% of net earnings. Non-cash charges added back $9.8M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $15.7M. Capital expenditures of $1.4M left free cash flow of $33.6M.
Questions
What was Crawford's revenue in the second quarter 2025?
Crawford (CRD-A) reported revenue of $335M for the second quarter 2025 (Q2 2025), +2% from a year earlier and +3% from the quarter before.
Was Crawford profitable in the second quarter 2025?
Operating profit was $16.1M (4.8% of revenue) and net earnings $7.8M.
Source: Crawford 10-Q on SEC EDGAR.