Filing Flows › Gpgi (GPGI) › Q1 2025
Gpgi (GPGI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Gpgi (GPGI) reported revenue of $59.8M for the first quarter 2025 (Q1 2025), -43% from a year earlier and -41% from the quarter before. Operating margin was 10.0%, net earnings $21.5M (36.0% of revenue).
Gpgi, Q1 2025: revenue $59.8M (-42% year over year), operating margin 10.0%, net earnings $21.5M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.8M | -41% | -43% |
| Gross profit | $28.7M | -45% | -48% |
| Operating profit | $6.0M | -62% | -81% |
| Net earnings | $21.5M | — | +434% |
| Operating cash flow | $3.0M | -91% | -91% |
What changed
Revenue was $59.8M in Q1 2025, down 43% year over year and down 41% from the previous quarter.
Gross margin was 48.0%, down 5.1 points from a year earlier. Operating profit was $6.0M, a 10.0% margin (down 19.9 points year over year). Operating expenses fell 6% while revenue fell 43%. Net earnings were $21.5M, up 434% year over year. The effective tax rate was 55.7%. Non-operating items added $42.5M, 88% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.0M (down 91% year over year), 14% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $24.0M.
Questions
What was Gpgi's revenue in the first quarter 2025?
Gpgi (GPGI) reported revenue of $59.8M for the first quarter 2025 (Q1 2025), -43% from a year earlier and -41% from the quarter before.
Was Gpgi profitable in the first quarter 2025?
Operating profit was $6.0M (10.0% of revenue) and net earnings $21.5M.
Source: Gpgi 10-Q on SEC EDGAR.