Filing Flows › Hornbeck Offshore Services (HOS) › Q2 2025
Hornbeck Offshore Services (HOS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Hornbeck Offshore Services (HOS) reported revenue of $302M for the second quarter 2025 (Q2 2025), -17% from a year earlier and +9% from the quarter before. Operating margin was -1.0%, net loss $2.6M (0.9% of revenue).
Hornbeck Offshore Services, Q2 2025: revenue $302M (-17% year over year), operating margin -1.0%, net loss $2.6M, operating cash flow −$17.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $302M | +9% | -17% |
| Operating profit | −$3.0M | -137% | — |
| Net earnings | −$2.6M | -185% | — |
| Operating cash flow | −$17.1M | -204% | — |
What changed
Revenue was $302.3M in Q2 2025, down 17% year over year and up 9% from the previous quarter.
Gross margin was 4.9%, down 15.7 points from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -1.0%. Operating expenses fell 19% while revenue fell 17%. The quarter ended with a net loss of $2.6M, after a profit of $3.1M the previous quarter. Net interest and other expense of $5.6M was the main reason.
Operating cash flow was −$17.1M. Non-cash charges added back $45.4M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $61.5M. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$21.2M.
Questions
What was Hornbeck Offshore Services' revenue in the second quarter 2025?
Hornbeck Offshore Services (HOS) reported revenue of $302M for the second quarter 2025 (Q2 2025), -17% from a year earlier and +9% from the quarter before.
Was Hornbeck Offshore Services profitable in the second quarter 2025?
Operating loss was $3.0M (-1.0% of revenue) and net loss $2.6M.