Filing Flows › Guardian Pharmacy Services (GRDN) › Q1 2025
Guardian Pharmacy Services (GRDN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Guardian Pharmacy Services (GRDN) reported revenue of $329M for the first quarter 2025 (Q1 2025), +20% from a year earlier and -3% from the quarter before. Operating margin was 3.9%, net earnings $9.4M (2.9% of revenue).
Guardian Pharmacy Services, Q1 2025: revenue $329M (+20% year over year), operating margin 3.9%, net earnings $9.4M, operating cash flow $17.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | -3% | +20% |
| Gross profit | $64.3M | -4% | +17% |
| Operating profit | $13.0M | -22% | +64% |
| Net earnings | $9.4M | -21% | +239% |
| Operating cash flow | $17.6M | -21% | +103% |
| Free cash flow | $11.7M | -42% | +137% |
What changed
Revenue was $329.3M in Q1 2025, up 20% year over year and down 3% from the previous quarter.
Gross margin was 19.5%, down 0.5 points from a year earlier. Operating profit was $13.0M, a 3.9% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 3% margin then. Operating expenses grew 9% against revenue growth of 20%. Net earnings were $9.4M, up 239% year over year. The effective tax rate was 29.2%.
Operating cash flow was $17.6M (up 103% year over year), 189% of net earnings. Non-cash charges added back $5.3M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $5.8M left free cash flow of $11.7M.
Questions
What was Guardian Pharmacy Services' revenue in the first quarter 2025?
Guardian Pharmacy Services (GRDN) reported revenue of $329M for the first quarter 2025 (Q1 2025), +20% from a year earlier and -3% from the quarter before.
Was Guardian Pharmacy Services profitable in the first quarter 2025?
Operating profit was $13.0M (3.9% of revenue) and net earnings $9.4M.