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Interparfums (IPAR) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 5, 2025

Interparfums (IPAR) reported revenue of $339M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -6% from the quarter before. Operating margin was 22.2%, net earnings $42.5M (12.5% of revenue).

Revenue$339M
Year over year+5%
Quarter over quarter-6%
Operating margin22.2%
Net earnings$42.5M

Interparfums, Q1 2025: revenue $339M (+5% year over year), operating margin 22.2%, net earnings $42.5M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$339M-6%+5%
Gross profit$216M-7%+7%
Operating profit$75.1M+109%+10%
Net earnings$42.5M+75%+4%
Operating cash flow−$7.4M——

What changed

Revenue was $338.8M in Q1 2025, up 5% year over year and down 6% from the previous quarter.

Gross margin was 63.7%, up 1.3 points from a year earlier. Operating profit was $75.1M, a 22.2% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 21% margin then. Operating expenses grew 5% against revenue growth of 5%. Net earnings were $42.5M, up 4% year over year. The effective tax rate was 24.5%.

Operating cash flow was −$7.4M. Non-cash charges added back $5.9M of depreciation and amortization and $559K of share-based compensation. Working capital and other items used $69.2M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$8.8M.

Questions

What was Interparfums' revenue in the first quarter 2025?

Interparfums (IPAR) reported revenue of $339M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -6% from the quarter before.

Was Interparfums profitable in the first quarter 2025?

Operating profit was $75.1M (22.2% of revenue) and net earnings $42.5M.

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Source: Interparfums 10-Q on SEC EDGAR.