Filing Flows › First Capital (FCAP) › Q2 2025
First Capital (FCAP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
First Capital (FCAP) reported revenue of $12.4M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before. Operating margin was 37.2%, net earnings $3.8M (30.4% of revenue).
First Capital, Q2 2025: revenue $12.4M (+16% year over year), operating margin 37.2%, net earnings $3.8M, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.4M | +9% | +16% |
| Operating profit | $4.6M | +18% | +39% |
| Net earnings | $3.8M | +17% | +33% |
| Operating cash flow | $3.7M | -15% | +7% |
| Free cash flow | $3.5M | -17% | +4% |
What changed
Revenue was $12.4M in Q2 2025, up 16% year over year and up 9% from the previous quarter.
Operating profit was $4.6M, a 37.2% margin (up 6.2 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 31% margin then. Total costs grew 6% against revenue growth of 16%. Net earnings were $3.8M, up 33% year over year. The effective tax rate was 18.4%.
Operating cash flow was $3.7M (up 7% year over year), 99% of net earnings. Non-cash charges added back $280K of depreciation and amortization and $39K of share-based compensation. Working capital and other items used $373K. Capital expenditures of $269K left free cash flow of $3.5M.
Questions
What was First Capital's revenue in the second quarter 2025?
First Capital (FCAP) reported revenue of $12.4M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before.
Was First Capital profitable in the second quarter 2025?
Operating profit was $4.6M (37.2% of revenue) and net earnings $3.8M.
Source: First Capital 10-Q on SEC EDGAR.