Filing Flows › Ichor Holdings (ICHR) › Q1 2025
Ichor Holdings (ICHR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Ichor Holdings (ICHR) reported revenue of $244M for the first quarter 2025 (Q1 2025), +21% from a year earlier and +5% from the quarter before. Operating margin was -0.5%, net loss $4.6M (1.9% of revenue).
Ichor Holdings, Q1 2025: revenue $244M (+21% year over year), operating margin -0.5%, net loss $4.6M, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $244M | +5% | +21% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | $19.0M | — | +295% |
| Free cash flow | $496K | — | +58% |
What changed
Revenue was $244.5M in Q1 2025, up 21% year over year and up 5% from the previous quarter.
Gross margin was 11.7%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -0.5%. Operating expenses grew 11% against revenue growth of 21%. The fastest-growing cost line was SG&A (+13%). The quarter ended with a net loss of $4.6M, wider than the previous quarter's $3.9M loss.
Operating cash flow was $19.0M (up 295% year over year). Non-cash charges added back $8.1M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $11.4M. After capital expenditures ($18.5M), free cash flow as the company reports it was $496K.
Questions
What was Ichor Holdings' revenue in the first quarter 2025?
Ichor Holdings (ICHR) reported revenue of $244M for the first quarter 2025 (Q1 2025), +21% from a year earlier and +5% from the quarter before.
Was Ichor Holdings profitable in the first quarter 2025?
Operating loss was $1.2M (-0.5% of revenue) and net loss $4.6M.
Source: Ichor Holdings 10-Q on SEC EDGAR.