Filing Flows › HA Sustainable Infrastructure Capital (HASI) › Q1 2025
HA Sustainable Infrastructure Capital (HASI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
HA Sustainable Infrastructure Capital (HASI) reported revenue of $96.9M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -4% from the quarter before. Operating margin was 84.7%, net earnings $56.6M (58.4% of revenue).
HA Sustainable Infrastructure Capital, Q1 2025: revenue $96.9M (-8% year over year), operating margin 84.7%, net earnings $56.6M, operating cash flow −$37.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.9M | -4% | -8% |
| Operating profit | $82.1M | -11% | -52% |
| Net earnings | $56.6M | -19% | -54% |
| Operating cash flow | −$37.1M | — | — |
What changed
Revenue was $96.9M in Q1 2025, down 8% year over year and down 4% from the previous quarter.
Operating profit was $82.1M, a 84.7% margin (down 76.7 points year over year). Net earnings were $56.6M, down 54% year over year. The effective tax rate was 29.1%.
Operating cash flow was −$37.1M. Non-cash charges added back $167K of depreciation and amortization and $9.8M of share-based compensation. Working capital and other items used $105.3M.
Questions
What was HA Sustainable Infrastructure Capital's revenue in the first quarter 2025?
HA Sustainable Infrastructure Capital (HASI) reported revenue of $96.9M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -4% from the quarter before.
Was HA Sustainable Infrastructure Capital profitable in the first quarter 2025?
Operating profit was $82.1M (84.7% of revenue) and net earnings $56.6M.
Source: HA Sustainable Infrastructure Capital 10-Q on SEC EDGAR.