Filing Flows › Evercore (EVR) › Q1 2025
Evercore (EVR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Evercore (EVR) reported revenue of $699M for the first quarter 2025 (Q1 2025), +19% from a year earlier and -29% from the quarter before. Operating margin was 16.0%, net earnings $146M (20.9% of revenue).
Evercore, Q1 2025: revenue $699M (+20% year over year), operating margin 16.0%, net earnings $146M, operating cash flow −$550M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $699M | -29% | +19% |
| Operating profit | $112M | -48% | +30% |
| Net earnings | $146M | +4% | +71% |
| Operating cash flow | −$550M | — | — |
What changed
Revenue was $699.0M in Q1 2025, up 19% year over year and down 29% from the previous quarter.
Operating profit was $112.1M, a 16.0% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 15% margin then. Total costs grew 18% against revenue growth of 19%. Net earnings were $146.2M, up 71% year over year. The effective tax rate was -37.2%.
Operating cash flow was −$549.7M. Non-cash charges added back $2.6M of depreciation and amortization and $148.4M of share-based compensation. Working capital and other items used $854.4M. Capital expenditures of $19.7M exceeded it, leaving free cash flow of −$569.3M.
Questions
What was Evercore's revenue in the first quarter 2025?
Evercore (EVR) reported revenue of $699M for the first quarter 2025 (Q1 2025), +19% from a year earlier and -29% from the quarter before.
Was Evercore profitable in the first quarter 2025?
Operating profit was $112M (16.0% of revenue) and net earnings $146M.
Source: Evercore 10-Q on SEC EDGAR.