Filing Flows › Hyperfine (HYPR) › Q1 2025
Hyperfine (HYPR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Hyperfine (HYPR) reported revenue of $2.1M for the first quarter 2025 (Q1 2025), -35% from a year earlier and -8% from the quarter before. Operating margin was -510.2%, net loss $9.4M (440.7% of revenue).
Hyperfine, Q1 2025: revenue $2.1M (-35% year over year), operating margin -510.2%, net loss $9.4M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | -8% | -35% |
| Operating profit | −$10.9M | — | — |
| Net earnings | −$9.4M | — | — |
| Operating cash flow | −$9.2M | — | — |
What changed
Revenue was $2.1M in Q1 2025, down 35% year over year and down 8% from the previous quarter. Product was the largest line at 71% of revenue. Product lost $1.2M year over year (down 44%), 102% of the total change.
Gross margin was 41.3%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $10.9M, an operating margin of -510.2%. Operating expenses fell 2% while revenue fell 35%. The fastest-growing cost line was Sales & marketing (+27%). The quarter ended with a net loss of $9.4M, narrower than the previous quarter's $10.4M loss.
Operating cash flow was −$9.2M. Non-cash charges added back $229K of depreciation and $945K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $472K exceeded it, leaving free cash flow of −$9.7M.
Questions
What was Hyperfine's revenue in the first quarter 2025?
Hyperfine (HYPR) reported revenue of $2.1M for the first quarter 2025 (Q1 2025), -35% from a year earlier and -8% from the quarter before.
Was Hyperfine profitable in the first quarter 2025?
Operating loss was $10.9M (-510.2% of revenue) and net loss $9.4M.
Source: Hyperfine 10-Q on SEC EDGAR.