Filing Flows › Hanmi Financial (HAFC) › Q2 2025
Hanmi Financial (HAFC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Hanmi Financial (HAFC) reported revenue of $65.2M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +4% from the quarter before. Operating margin was 23.2%, net earnings $15.1M (23.2% of revenue).
Hanmi Financial, Q2 2025: revenue $65.2M (+15% year over year), operating margin 23.2%, net earnings $15.1M, operating cash flow −$19.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.2M | +4% | +15% |
| Operating profit | $15.1M | -14% | +5% |
| Net earnings | $15.1M | -14% | +5% |
| Operating cash flow | −$19.5M | -174% | — |
What changed
Revenue was $65.2M in Q2 2025, up 15% year over year and up 4% from the previous quarter.
Operating profit was $15.1M, a 23.2% margin (down 2.3 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 25% margin then. Total costs grew 19% against revenue growth of 15%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $15.1M, up 5% year over year. The effective tax rate was 28.8%. Non-operating items added $6.1M, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$19.5M. Non-cash charges added back $1.7M of depreciation and amortization and $883K of share-based compensation. Working capital and other items used $37.2M. Capital expenditures of $569K exceeded it, leaving free cash flow of −$20.1M.
Questions
What was Hanmi Financial's revenue in the second quarter 2025?
Hanmi Financial (HAFC) reported revenue of $65.2M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +4% from the quarter before.
Was Hanmi Financial profitable in the second quarter 2025?
Operating profit was $15.1M (23.2% of revenue) and net earnings $15.1M.
Source: Hanmi Financial 10-Q on SEC EDGAR.