Filing Flows › DarkHorse Technologies (DRK) › Q1 2025
DarkHorse Technologies (DRK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
DarkHorse Technologies (DRK) reported revenue of $2.8M for the first quarter 2025 (Q1 2025), -59% from a year earlier and +7% from the quarter before. Operating margin was -184.2%, net loss $8.8M (311.9% of revenue).
DarkHorse Technologies, Q1 2025: revenue $2.8M (-59% year over year), operating margin -184.2%, net loss $8.8M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | +7% | -59% |
| Operating profit | −$5.2M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$4.1M | — | — |
What changed
Revenue was $2.8M in Q1 2025, down 59% year over year and up 7% from the previous quarter.
Operating costs exceeded revenue by $5.2M, an operating margin of -184.2%. Total costs fell 9% while revenue fell 59%. The fastest-growing cost line was Other operating costs (+151%). The quarter ended with a net loss of $8.8M, wider than the previous quarter's $7.2M loss.
Operating cash flow was −$4.1M. Non-cash charges added back $1.6M of depreciation and amortization and $71K of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was DarkHorse Technologies' revenue in the first quarter 2025?
DarkHorse Technologies (DRK) reported revenue of $2.8M for the first quarter 2025 (Q1 2025), -59% from a year earlier and +7% from the quarter before.
Was DarkHorse Technologies profitable in the first quarter 2025?
Operating loss was $5.2M (-184.2% of revenue) and net loss $8.8M.