Filing Flows › Exponent (EXPO) › Q1 2025
Exponent (EXPO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Exponent (EXPO) reported revenue of $146M for the first quarter 2025 (Q1 2025), +0.4% from a year earlier and +6% from the quarter before. Operating margin was 30.5%, net earnings $26.6M (18.3% of revenue).
Exponent, Q1 2025: revenue $146M (+0.4% year over year), operating margin 30.5%, net earnings $26.6M, operating cash flow $7.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | +6% | +0.4% |
| Operating profit | $44.4M | +63% | +45% |
| Net earnings | $26.6M | +13% | -12% |
| Operating cash flow | $7.3M | -87% | -30% |
| Free cash flow | $5.5M | -90% | -38% |
What changed
Revenue was $145.5M in Q1 2025, roughly flat year over year and up 6% from the previous quarter.
Operating profit was $44.4M, a 30.5% margin (up 9.3 points year over year). Of the extra revenue versus a year earlier, 2390% reached operating profit, above the 21% margin then. Total costs fell 12% while revenue was flat. Net earnings were $26.6M, down 12% year over year. The effective tax rate was 29.4%.
Operating cash flow was $7.3M (down 30% year over year), 27% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $8.2M of share-based compensation. Working capital and other items used $30.0M. Capital expenditures of $1.8M left free cash flow of $5.5M.
Questions
What was Exponent's revenue in the first quarter 2025?
Exponent (EXPO) reported revenue of $146M for the first quarter 2025 (Q1 2025), +0.4% from a year earlier and +6% from the quarter before.
Was Exponent profitable in the first quarter 2025?
Operating profit was $44.4M (30.5% of revenue) and net earnings $26.6M.
Source: Exponent 10-Q on SEC EDGAR.