Filing Flows › Digital Realty Trust (DLR) › Q1 2025
Digital Realty Trust (DLR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Digital Realty Trust (DLR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -2% from the quarter before. Operating margin was 14.0%, net earnings $110M (7.8% of revenue).
Digital Realty Trust, Q1 2025: revenue $1.4B (+6% year over year), operating margin 14.0%, net earnings $110M, operating cash flow $399M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -2% | +6% |
| Operating profit | $197M | +36% | +32% |
| Net earnings | $110M | -42% | -61% |
| Operating cash flow | $399M | -48% | +13% |
What changed
Revenue was $1.4B in Q1 2025, up 6% year over year and down 2% from the previous quarter. Rental and other services was the largest line at 99% of revenue. Rental and other services added $0.07B year over year (up 5%), 91% of the total change.
Operating profit was $0.20B, a 14.0% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 11% margin then. Total costs grew 2% against revenue growth of 6%. Net earnings were $0.11B, down 61% year over year ($0.11B including minority interests, which bore $3.6M of losses). The effective tax rate was 13.9%.
Operating cash flow was $0.40B (up 13% year over year), 375% of net income including minority interests. Non-cash charges added back $0.44B of depreciation and amortization. Working capital and other items used $0.15B. Capital expenditures of $0.79B exceeded it, leaving free cash flow of −$0.39B.
Questions
What was Digital Realty Trust's revenue in the first quarter 2025?
Digital Realty Trust (DLR) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +6% from a year earlier and -2% from the quarter before.
Was Digital Realty Trust profitable in the first quarter 2025?
Operating profit was $197M (14.0% of revenue) and net earnings $110M.