Filing Flows › Hilton Grand Vacations (HGV) › Q1 2025
Hilton Grand Vacations (HGV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Hilton Grand Vacations (HGV) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and -11% from the quarter before. Operating margin was 5.2%, net loss $12.0M (1.0% of revenue).
Hilton Grand Vacations, Q1 2025: revenue $1.1B (-0.7% year over year), operating margin 5.2%, net loss $12.0M, operating cash flow $38.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -11% | -0.7% |
| Operating profit | $60.0M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | $38.0M | -64% | — |
| Free cash flow | $6.0M | — | — |
What changed
Revenue was $1.1B in Q1 2025, down 1% year over year and down 11% from the previous quarter. Sales of VOIs, net was the largest line at 33% of revenue. Sales of VOIs, net lost $0.06B year over year (down 14%), 750% of the total change.
Operating profit was $0.06B, a 5.2% margin (down 0.5 points year over year). Total costs fell 0% while revenue fell 1%. The quarter ended with a net loss of $0.01B, after a profit of $0.03B the previous quarter. Net interest and other expense of $0.07B was the main reason.
Operating cash flow was $0.04B. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.03B. After software capitalization costs ($0.02B) and capital expenditures for property and equipment ($0.01B), free cash flow as the company reports it was $0.01B.
Questions
What was Hilton Grand Vacations' revenue in the first quarter 2025?
Hilton Grand Vacations (HGV) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and -11% from the quarter before.
Was Hilton Grand Vacations profitable in the first quarter 2025?
Operating profit was $60.0M (5.2% of revenue) and net loss $12.0M.