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Intellinetics (INLX) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 13, 2025

Intellinetics (INLX) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -0.8% from the quarter before. Operating margin was -16.1%, net loss $728K (17.1% of revenue).

Revenue$4.2M
Year over year-6%
Quarter over quarter-0.8%
Operating margin-16.1%
Net earnings−$728K

Intellinetics, Q1 2025: revenue $4.2M (-6% year over year), operating margin -16.1%, net loss $728K, operating cash flow −$110K. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$4.2M-0.8%-6%
Operating profit−$685K——
Net earnings−$728K——
Operating cash flow−$110K-181%—

What changed

Revenue was $4.2M in Q1 2025, down 6% year over year and down 1% from the previous quarter. Professional Services was the largest line at 51% of revenue. Professional Services lost $327K year over year (down 13%), 126% of the total change.

Gross margin was 66.6%, up 2.2 points from a year earlier. Operating costs exceeded revenue by $685K, an operating margin of -16.1%. Operating expenses grew 20% against a revenue fall of 6%. The fastest-growing cost line was Sales & marketing (+50%). The quarter ended with a net loss of $728K, wider than the previous quarter's $54K loss.

Operating cash flow was −$110K. Non-cash charges added back $308K of depreciation and amortization and $453K of share-based compensation. Working capital and other items used $144K. Capital expenditures of $121K exceeded it, leaving free cash flow of −$231K.

Questions

What was Intellinetics' revenue in the first quarter 2025?

Intellinetics (INLX) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -0.8% from the quarter before.

Was Intellinetics profitable in the first quarter 2025?

Operating loss was $685K (-16.1% of revenue) and net loss $728K.

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Source: Intellinetics 10-Q on SEC EDGAR.