Filing Flows › Galaxy Gaming (GLXZ) › Q1 2025
Galaxy Gaming (GLXZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Galaxy Gaming (GLXZ) reported revenue of $7.8M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +3% from the quarter before. Operating margin was 25.4%, net loss $2.0M (26.0% of revenue).
Galaxy Gaming, Q1 2025: revenue $7.8M (-3% year over year), operating margin 25.4%, net loss $2.0M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.8M | +3% | -3% |
| Operating profit | $2.0M | +69% | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $1.2M | +9% | -14% |
| Free cash flow | $1.1M | — | — |
What changed
Revenue was $7.8M in Q1 2025, down 3% year over year and up 3% from the previous quarter.
Operating profit was $2.0M, a 25.4% margin (down 3.5 points year over year). Total costs grew 2% against a revenue fall of 3%. The fastest-growing cost line was Research & development (+44%). The quarter ended with a net loss of $2.0M, wider than the previous quarter's $881K loss. Net interest and other expense of $4.0M was the main reason.
Operating cash flow was $1.2M (down 14% year over year). Non-cash charges added back $780K of depreciation and amortization and $166K of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of $94K left free cash flow of $1.1M.
Questions
What was Galaxy Gaming's revenue in the first quarter 2025?
Galaxy Gaming (GLXZ) reported revenue of $7.8M for the first quarter 2025 (Q1 2025), -3% from a year earlier and +3% from the quarter before.
Was Galaxy Gaming profitable in the first quarter 2025?
Operating profit was $2.0M (25.4% of revenue) and net loss $2.0M.
Source: Galaxy Gaming 10-Q on SEC EDGAR.