Filing Flows › Darling Ingredients (DAR) › Q1 2025
Darling Ingredients (DAR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Darling Ingredients (DAR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -3% from the quarter before. Operating margin was 2.1%, net loss $23.8M (1.7% of revenue).
Darling Ingredients, Q1 2025: revenue $1.4B (-3% year over year), operating margin 2.1%, net loss $23.8M, operating cash flow $249M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -3% | -3% |
| Operating profit | $28.4M | — | — |
| Net earnings | −$23.8M | — | — |
| Operating cash flow | $249M | +61% | -6% |
| Free cash flow | $186M | — | +9% |
What changed
Revenue was $1.4B in Q1 2025, down 3% year over year and down 3% from the previous quarter. Fats was the largest line at 28% of revenue. Food ingredients lost $0.05B year over year (down 16%), 132% of the total change.
Gross margin was 22.6%, up 1.2 points from a year earlier. Operating profit was $0.03B, a 2.1% margin (down 7.6 points year over year). Operating expenses grew 70% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+491%). The quarter ended with a net loss of $0.02B, after a profit of $0.10B the previous quarter. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was $0.25B (down 6% year over year). Non-cash charges added back $0.12B of depreciation and amortization. Working capital and other items added $0.15B. Capital expenditures of $0.06B left free cash flow of $0.19B.
Questions
What was Darling Ingredients' revenue in the first quarter 2025?
Darling Ingredients (DAR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -3% from the quarter before.
Was Darling Ingredients profitable in the first quarter 2025?
Operating profit was $28.4M (2.1% of revenue) and net loss $23.8M.