Filing Flows › Icahn Enterprises L.P. (IEP) › Q1 2025
Icahn Enterprises L.P. (IEP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Icahn Enterprises L.P. (IEP) reported revenue of $1.9B for the first quarter 2025 (Q1 2025), -24% from a year earlier and -27% from the quarter before. Operating margin was -35.0%, net loss $580M (31.1% of revenue).
Icahn Enterprises L.P., Q1 2025: revenue $1.9B (-24% year over year), operating margin -35.0%, net loss $580M, operating cash flow −$182M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -27% | -24% |
| Operating profit | −$654M | — | — |
| Net earnings | −$580M | — | — |
| Operating cash flow | −$182M | — | — |
What changed
Revenue was $1.9B in Q1 2025, down 24% year over year and down 27% from the previous quarter.
Operating costs exceeded revenue by $0.65B, an operating margin of -35.0%. Total costs grew 1% against a revenue fall of 24%. The quarter ended with a net loss of $0.58B, wider than the previous quarter's $0.11B loss. Minority interests bore $0.16B of it: to shareholders the quarter was a loss of $0.42B.
Operating cash flow was −$0.18B. Non-cash charges added back $0.12B of depreciation and amortization. Working capital and other items added $0.28B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.27B.
Questions
What was Icahn Enterprises L.P.'s revenue in the first quarter 2025?
Icahn Enterprises L.P.
Was Icahn Enterprises L.P. profitable in the first quarter 2025?
Operating loss was $654M (-35.0% of revenue) and net loss $580M.