Filing Flows › ICF International (ICFI) › Q1 2025
ICF International (ICFI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
ICF International (ICFI) reported revenue of $488M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -2% from the quarter before. Operating margin was 7.9%, net earnings $26.9M (5.5% of revenue).
ICF International, Q1 2025: revenue $488M (-1% year over year), operating margin 7.9%, net earnings $26.9M, operating cash flow −$33.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $488M | -2% | -1% |
| Operating profit | $38.4M | +5% | -6% |
| Net earnings | $26.9M | +9% | -2% |
| Operating cash flow | −$33.0M | — | — |
What changed
Revenue was $487.6M in Q1 2025, down 1% year over year and down 2% from the previous quarter. US Federal Government was the largest line at 49% of revenue. US Federal Government lost $34.6M year over year (down 13%), 507% of the total change.
Operating profit was $38.4M, a 7.9% margin (down 0.4 points year over year). Total costs fell 1% while revenue fell 1%. Net earnings were $26.9M, down 2% year over year. The effective tax rate was 10.5%.
Operating cash flow was −$33.0M. Non-cash charges added back $14.8M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $78.9M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$36.5M.
Questions
What was ICF International's revenue in the first quarter 2025?
ICF International (ICFI) reported revenue of $488M for the first quarter 2025 (Q1 2025), -1% from a year earlier and -2% from the quarter before.
Was ICF International profitable in the first quarter 2025?
Operating profit was $38.4M (7.9% of revenue) and net earnings $26.9M.
Source: ICF International 10-Q on SEC EDGAR.