Filing Flows › Kforce (KFRC) › Q1 2025
Kforce (KFRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Kforce (KFRC) reported revenue of $330M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -4% from the quarter before. Operating margin was 3.5%, net earnings $8.1M (2.5% of revenue).
Kforce, Q1 2025: revenue $330M (-6% year over year), operating margin 3.5%, net earnings $8.1M, operating cash flow $249K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $330M | -4% | -6% |
| Gross profit | $88.3M | -5% | -7% |
| Operating profit | $11.6M | -25% | -26% |
| Net earnings | $8.1M | -26% | -26% |
| Operating cash flow | $249K | -99% | -98% |
What changed
Revenue was $330.0M in Q1 2025, down 6% year over year and down 4% from the previous quarter. Flex revenue was the largest line at 98% of revenue. Flex revenue lost $22.2M year over year (down 6%), 101% of the total change.
Gross margin was 26.7%, down 0.3 points from a year earlier. Operating profit was $11.6M, a 3.5% margin (down 0.9 points year over year). Operating expenses fell 4% while revenue fell 6%. Net earnings were $8.1M, down 26% year over year. The effective tax rate was 26.4%.
Operating cash flow was $249K (down 98% year over year), 3% of net earnings. Non-cash charges added back $1.5M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $13.0M. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$3.9M.
Questions
What was Kforce's revenue in the first quarter 2025?
Kforce (KFRC) reported revenue of $330M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -4% from the quarter before.
Was Kforce profitable in the first quarter 2025?
Operating profit was $11.6M (3.5% of revenue) and net earnings $8.1M.
Source: Kforce 10-Q on SEC EDGAR.