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SeaStar Medical Holding (ICU) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 14, 2025

SeaStar Medical Holding (ICU) reported revenue of $293K for the first quarter 2025 (Q1 2025) and +337% from the quarter before.

Revenue$293K
Year over year—
Quarter over quarter+337%
Operating margin—
Net earnings−$3.8M

SeaStar Medical Holding, Q1 2025: revenue $293K, net loss $3.8M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$293K+337%—
Operating profit−$3.8M——
Net earnings−$3.8M——
Operating cash flow−$2.7M——

What changed

Revenue was $293K in Q1 2025, up 337% from the previous quarter.

Gross margin was 100.0%. Operating costs exceeded revenue by $3.8M, an operating margin of -1304.4%. The quarter ended with a net loss of $3.8M, narrower than the previous quarter's $4.4M loss.

Operating cash flow was −$2.7M. Non-cash charges added back $167K of share-based compensation. Working capital and other items added $1.0M.

Questions

What was SeaStar Medical Holding's revenue in the first quarter 2025?

SeaStar Medical Holding (ICU) reported revenue of $293K for the first quarter 2025 (Q1 2025) and +337% from the quarter before.

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Source: SeaStar Medical Holding 10-Q on SEC EDGAR.