Filing Flows › Definitive Healthcare (DH) › Q1 2025
Definitive Healthcare (DH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Definitive Healthcare (DH) reported revenue of $59.2M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -5% from the quarter before. Operating margin was -312.2%, net loss $155M (262.0% of revenue).
Definitive Healthcare, Q1 2025: revenue $59.2M (-7% year over year), operating margin -312.2%, net loss $155M, operating cash flow $26.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.2M | -5% | -7% |
| Operating profit | −$185M | — | — |
| Net earnings | −$155M | — | — |
| Operating cash flow | $26.1M | +220% | +57% |
| Free cash flow | $18.4M | — | +12% |
What changed
Revenue was $59.2M in Q1 2025, down 7% year over year and down 5% from the previous quarter. Subscription Services was the largest line at 97% of revenue. Subscription Services lost $4.4M year over year (down 7%), 104% of the total change.
Gross margin was 73.9%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $184.8M, an operating margin of -312.2%. Operating expenses grew 243% against a revenue fall of 7%. The fastest-growing cost line was Other operating costs (+943%). The quarter ended with a net loss of $155.1M, wider than the previous quarter's $84.7M loss. Minority interests bore $47.9M of it: to shareholders the quarter was a loss of $107.2M.
Operating cash flow was $26.1M (up 57% year over year). Non-cash charges added back $591K of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $173.2M. Capital expenditures of $7.7M left free cash flow of $18.4M.
Questions
What was Definitive Healthcare's revenue in the first quarter 2025?
Definitive Healthcare (DH) reported revenue of $59.2M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -5% from the quarter before.
Was Definitive Healthcare profitable in the first quarter 2025?
Operating loss was $185M (-312.2% of revenue) and net loss $155M.