Filing Flows › Culp (CULP) › Q1 2025
Culp (CULP) Q1 2025 earnings results (first quarter 2025)
10-Q filed Mar 7, 2025
Culp (CULP) reported revenue of $52.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -6% from the quarter before. Operating margin was -7.4%, net loss $4.1M (7.9% of revenue).
Culp, Q1 2025: revenue $52.3M (-14% year over year), operating margin -7.4%, net loss $4.1M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $52.3M | -6% | -14% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$4.1M | — | — |
| Operating cash flow | −$6.8M | — | — |
What changed
Revenue was $52.3M in Q1 2025, down 14% year over year and down 6% from the previous quarter. Mattress Fabrics was the largest line at 55% of revenue. Upholstery Fabrics lost $6.8M year over year (down 22%), 83% of the total change.
Gross margin was 12.1%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $3.9M, an operating margin of -7.4%. Operating expenses grew 8% against a revenue fall of 14%. The quarter ended with a net loss of $4.1M, narrower than the previous quarter's $5.6M loss.
Operating cash flow was −$6.8M. Non-cash charges added back $1.2M of depreciation and $158K of share-based compensation. Working capital and other items used $4.0M. Capital expenditures of $862K exceeded it, leaving free cash flow of −$7.7M.
Questions
What was Culp's revenue in the first quarter 2025?
Culp (CULP) reported revenue of $52.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -6% from the quarter before.
Was Culp profitable in the first quarter 2025?
Operating loss was $3.9M (-7.4% of revenue) and net loss $4.1M.
Source: Culp 10-Q on SEC EDGAR.