Filing Flows › Gulf Resources (GURE) › Q1 2025
Gulf Resources (GURE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Gulf Resources (GURE) reported revenue of $1.6M for the first quarter 2025 (Q1 2025), +23% from a year earlier and -7% from the quarter before. Operating margin was -289.9%, net loss $4.7M (291.1% of revenue).
Gulf Resources, Q1 2025: revenue $1.6M (+23% year over year), operating margin -289.9%, net loss $4.7M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | -7% | +23% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$4.7M | — | — |
| Operating cash flow | −$1.6M | -263% | — |
What changed
Revenue was $1.6M in Q1 2025, up 23% year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $4.7M, an operating margin of -289.9%. Total costs fell 5% while revenue rose 23%. The fastest-growing cost line was General & admin (+99%). The quarter ended with a net loss of $4.7M, narrower than the previous quarter's $19.3M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $4.0M of depreciation and amortization and $196K of share-based compensation. Working capital and other items used $1.1M.
Questions
What was Gulf Resources' revenue in the first quarter 2025?
Gulf Resources (GURE) reported revenue of $1.6M for the first quarter 2025 (Q1 2025), +23% from a year earlier and -7% from the quarter before.
Was Gulf Resources profitable in the first quarter 2025?
Operating loss was $4.7M (-289.9% of revenue) and net loss $4.7M.
Source: Gulf Resources 10-Q on SEC EDGAR.