Filing Flows › Elutia (ELUT) › Q1 2025
Elutia (ELUT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Elutia (ELUT) reported revenue of $6.0M for the first quarter 2025 (Q1 2025), -10% from a year earlier and +10% from the quarter before. Operating margin was -131.4%, net loss $3.9M (65.2% of revenue).
Elutia, Q1 2025: revenue $6.0M (-10% year over year), operating margin -131.4%, net loss $3.9M, operating cash flow −$8.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0M | +10% | -10% |
| Operating profit | −$7.9M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | −$8.9M | — | — |
What changed
Revenue was $6.0M in Q1 2025, down 10% year over year and up 10% from the previous quarter.
Gross margin was 40.7%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $7.9M, an operating margin of -131.4%. Operating expenses fell 8% while revenue fell 10%. The fastest-growing cost line was Other operating costs (+54%). The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $9.1M loss. Non-operating items added $4.0M, -102% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.9M. Non-cash charges added back $868K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $7.0M. Capital expenditures of $278K exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Elutia's revenue in the first quarter 2025?
Elutia (ELUT) reported revenue of $6.0M for the first quarter 2025 (Q1 2025), -10% from a year earlier and +10% from the quarter before.
Was Elutia profitable in the first quarter 2025?
Operating loss was $7.9M (-131.4% of revenue) and net loss $3.9M.
Source: Elutia 10-Q on SEC EDGAR.