Filing Flows › Holley (HLLY) › Q1 2025
Holley (HLLY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Holley (HLLY) reported revenue of $153M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +9% from the quarter before. Operating margin was 12.6%, net earnings $2.8M (1.8% of revenue).
Holley, Q1 2025: revenue $153M (-4% year over year), operating margin 12.6%, net earnings $2.8M, operating cash flow −$7.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $153M | +9% | -4% |
| Gross profit | $64.1M | +0.3% | +23% |
| Operating profit | $19.3M | — | +89% |
| Net earnings | $2.8M | — | -24% |
| Operating cash flow | −$7.8M | — | — |
What changed
Revenue was $153.0M in Q1 2025, down 4% year over year and up 9% from the previous quarter. Domestic Muscle was the largest line at 60% of revenue. Domestic Muscle lost $6.6M year over year (down 7%), 118% of the total change.
Gross margin was 41.9%, up 9.1 points from a year earlier. Operating profit was $19.3M, a 12.6% margin (up 6.2 points year over year). Operating expenses grew 7% against a revenue fall of 4%. The fastest-growing cost line was SG&A (+11%). Net earnings were $2.8M, down 24% year over year. The effective tax rate was 27.6%.
Operating cash flow was −$7.8M. Non-cash charges added back $5.8M of depreciation and amortization. Working capital and other items used $16.5M. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$10.8M.
Questions
What was Holley's revenue in the first quarter 2025?
Holley (HLLY) reported revenue of $153M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +9% from the quarter before.
Was Holley profitable in the first quarter 2025?
Operating profit was $19.3M (12.6% of revenue) and net earnings $2.8M.
Source: Holley 10-Q on SEC EDGAR.