Filing Flows › Dyadic International (DYAI) › Q1 2025
Dyadic International (DYAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Dyadic International (DYAI) reported revenue of $394K for the first quarter 2025 (Q1 2025), +18% from a year earlier and -52% from the quarter before. Operating margin was -508.8%, net loss $2.0M (515.2% of revenue).
Dyadic International, Q1 2025: revenue $394K (+18% year over year), operating margin -508.8%, net loss $2.0M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $394K | -52% | +18% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $394K in Q1 2025, up 18% year over year and down 52% from the previous quarter. Grant was the largest line at 53% of revenue. Research and Development declined 45%.
Operating costs exceeded revenue by $2.0M, an operating margin of -508.8%. Total costs fell 3% while revenue rose 18%. The fastest-growing cost line was Cost of revenue (+107%). The quarter ended with a net loss of $2.0M, wider than the previous quarter's $1.6M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $225K of share-based compensation. Working capital and other items used $147K.
Questions
What was Dyadic International's revenue in the first quarter 2025?
Dyadic International (DYAI) reported revenue of $394K for the first quarter 2025 (Q1 2025), +18% from a year earlier and -52% from the quarter before.
Was Dyadic International profitable in the first quarter 2025?
Operating loss was $2.0M (-508.8% of revenue) and net loss $2.0M.