Filing Flows › Hyperscale Data (GPUS) › Q1 2025
Hyperscale Data (GPUS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
Hyperscale Data (GPUS) reported revenue of $25.0M for the first quarter 2025 (Q1 2025), -35% from a year earlier and +29% from the quarter before. Operating margin was -25.5%, net loss $4.7M (18.9% of revenue).
Hyperscale Data, Q1 2025: revenue $25.0M (-35% year over year), operating margin -25.5%, net loss $4.7M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.0M | +29% | -35% |
| Operating profit | −$6.4M | — | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | −$4.0M | — | — |
What changed
Revenue was $25.0M in Q1 2025, down 35% year over year and up 29% from the previous quarter. Energy was the largest line at 55% of revenue. Sentinum lost $6.0M year over year (down 51%), 45% of the total change.
Gross margin was 21.1%, down 26.3 points from a year earlier. Operating costs exceeded revenue by $6.4M, an operating margin of -25.5%. Operating expenses fell 20% while revenue fell 35%. The fastest-growing cost line was Research & development (+16%). The quarter ended with a net loss of $4.7M, wider than the previous quarter's $4.3M loss. Minority interests bore $518K of it: to shareholders the quarter was a loss of $4.2M. Non-operating items added $1.7M, -37% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.0M. Non-cash charges added back $5.2M of depreciation and amortization and $67K of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$6.8M.
Questions
What was Hyperscale Data's revenue in the first quarter 2025?
Hyperscale Data (GPUS) reported revenue of $25.0M for the first quarter 2025 (Q1 2025), -35% from a year earlier and +29% from the quarter before.
Was Hyperscale Data profitable in the first quarter 2025?
Operating loss was $6.4M (-25.5% of revenue) and net loss $4.7M.
Source: Hyperscale Data 10-Q on SEC EDGAR.