Filing Flows › FRP Holdings (FRPH) › Q1 2025
FRP Holdings (FRPH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
FRP Holdings (FRPH) reported revenue of $10.3M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 22.6%, net earnings $1.7M (16.6% of revenue).
FRP Holdings, Q1 2025: revenue $10.3M (+2% year over year), operating margin 22.6%, net earnings $1.7M, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3M | -2% | +2% |
| Operating profit | $2.3M | -20% | -19% |
| Net earnings | $1.7M | +2% | +31% |
| Operating cash flow | $4.5M | -41% | +55% |
| Free cash flow | $1.4M | -60% | — |
What changed
Revenue was $10.3M in Q1 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $2.3M, a 22.6% margin (down 5.9 points year over year). Operating profit fell $557K even though revenue rose $173K versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 2%. The fastest-growing cost line was General & admin (+26%). Net earnings were $1.7M, up 31% year over year ($1.6M including minority interests, which bore $76K of losses). The effective tax rate was 24.4%.
Operating cash flow was $4.5M (up 55% year over year), 276% of net income including minority interests. Non-cash charges added back $2.7M of depreciation and amortization and $365K of share-based compensation. Capital expenditures of $3.1M left free cash flow of $1.4M.
Questions
What was FRP Holdings' revenue in the first quarter 2025?
FRP Holdings (FRPH) reported revenue of $10.3M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -2% from the quarter before.
Was FRP Holdings profitable in the first quarter 2025?
Operating profit was $2.3M (22.6% of revenue) and net earnings $1.7M.
Source: FRP Holdings 10-Q on SEC EDGAR.