Filing Flows › Davita (DVA) › Q1 2025
Davita (DVA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Davita (DVA) reported revenue of $3.2B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before. Operating margin was 13.6%, net earnings $163M (5.1% of revenue).
Davita, Q1 2025: revenue $3.2B (+5% year over year), operating margin 13.6%, net earnings $163M, operating cash flow $180M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -2% | +5% |
| Operating profit | $439M | -22% | -9% |
| Net earnings | $163M | -37% | -32% |
| Operating cash flow | $180M | -67% | — |
| Free cash flow | $36.8M | -90% | — |
What changed
Revenue was $3.2B in Q1 2025, up 5% year over year and down 2% from the previous quarter. U S Dialysis and Related Lab Services was the largest line at 87% of revenue. U S Dialysis and Related Lab Services added $0.08B year over year (up 3%), 52% of the total change.
Operating profit was $0.44B, a 13.6% margin (down 2.1 points year over year). Operating profit fell $0.04B even though revenue rose $0.15B versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 5%. Net earnings were $0.16B, down 32% year over year. The effective tax rate was 18.9%.
Operating cash flow was $0.18B, 78% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.14B left free cash flow of $0.04B.
Questions
What was Davita's revenue in the first quarter 2025?
Davita (DVA) reported revenue of $3.2B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -2% from the quarter before.
Was Davita profitable in the first quarter 2025?
Operating profit was $439M (13.6% of revenue) and net earnings $163M.
Source: Davita 10-Q on SEC EDGAR.