Filing Flows › International Money Express (IMXI) › Q1 2025
International Money Express (IMXI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
International Money Express (IMXI) reported revenue of $144M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -12% from the quarter before. Operating margin was 9.8%, net earnings $7.8M (5.4% of revenue).
International Money Express, Q1 2025: revenue $144M (-4% year over year), operating margin 9.8%, net earnings $7.8M, operating cash flow $41.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $144M | -12% | -4% |
| Operating profit | $14.1M | -43% | -28% |
| Net earnings | $7.8M | -50% | -36% |
| Operating cash flow | $41.3M | — | -14% |
| Free cash flow | $36.0M | — | +4% |
What changed
Revenue was $144.3M in Q1 2025, down 4% year over year and down 12% from the previous quarter. Wire transfer and money order fees, net was the largest line at 83% of revenue. Wire transfer and money order fees, net lost $6.8M year over year (down 5%), 111% of the total change.
Operating profit was $14.1M, a 9.8% margin (down 3.3 points year over year). Total costs fell 0% while revenue fell 4%. Net earnings were $7.8M, down 36% year over year. The effective tax rate was 31.7%.
Operating cash flow was $41.3M (down 14% year over year), 531% of net earnings. Non-cash charges added back $3.6M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $27.8M. Capital expenditures of $5.3M left free cash flow of $36.0M.
Questions
What was International Money Express' revenue in the first quarter 2025?
International Money Express (IMXI) reported revenue of $144M for the first quarter 2025 (Q1 2025), -4% from a year earlier and -12% from the quarter before.
Was International Money Express profitable in the first quarter 2025?
Operating profit was $14.1M (9.8% of revenue) and net earnings $7.8M.