Filing Flows › Five9 (FIVN) › Q1 2025
Five9 (FIVN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Five9 (FIVN) reported revenue of $280M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +0.4% from the quarter before. Operating margin was -1.9%, net earnings $576K (0.2% of revenue).
Five9, Q1 2025: revenue $280M (+13% year over year), operating margin -1.9%, net earnings $576K, operating cash flow $48.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $280M | +0.4% | +13% |
| Operating profit | −$5.4M | — | — |
| Net earnings | $576K | — | — |
| Operating cash flow | $48.4M | -3% | +50% |
| Free cash flow | $43.7M | +8% | +114% |
What changed
Revenue was $279.7M in Q1 2025, up 13% year over year and roughly flat from the previous quarter.
Gross margin was 55.0%, up 1.3 points from a year earlier. Operating costs exceeded revenue by $5.4M, an operating margin of -1.9%. Operating expenses grew 4% against revenue growth of 13%. The fastest-growing cost line was General & admin (+15%). Net earnings were $576K. The effective tax rate was 24.2%. Non-operating items added $6.2M, 814% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $48.4M (up 50% year over year), 8400% of net earnings. Non-cash charges added back $14.5M of depreciation and amortization and $39.2M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $4.7M left free cash flow of $43.7M.
Questions
What was Five9's revenue in the first quarter 2025?
Five9 (FIVN) reported revenue of $280M for the first quarter 2025 (Q1 2025), +13% from a year earlier and +0.4% from the quarter before.
Was Five9 profitable in the first quarter 2025?
Operating loss was $5.4M (-1.9% of revenue) and net earnings $576K.
Source: Five9 10-Q on SEC EDGAR.