Filing Flows › KLX Energy Services Holdings (KLXE) › Q1 2025
KLX Energy Services Holdings (KLXE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
KLX Energy Services Holdings (KLXE) reported revenue of $154M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -7% from the quarter before. Operating margin was -11.5%, net loss $27.9M (18.1% of revenue).
KLX Energy Services Holdings, Q1 2025: revenue $154M (-12% year over year), operating margin -11.5%, net loss $27.9M, operating cash flow −$37.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | -7% | -12% |
| Operating profit | −$17.7M | — | — |
| Net earnings | −$27.9M | — | — |
| Operating cash flow | −$37.6M | — | — |
What changed
Revenue was $154.0M in Q1 2025, down 12% year over year and down 7% from the previous quarter. Completion was the largest line at 51% of revenue. Completion lost $15.3M year over year (down 16%), 74% of the total change.
Operating costs exceeded revenue by $17.7M, an operating margin of -11.5%. Total costs fell 9% while revenue fell 12%. The fastest-growing cost line was Research & development (+33%). The quarter ended with a net loss of $27.9M, wider than the previous quarter's $14.6M loss.
Operating cash flow was −$37.6M. Non-cash charges added back $24.7M of depreciation and amortization and $800K of share-based compensation. Working capital and other items used $35.2M. Capital expenditures of $15.0M exceeded it, leaving free cash flow of −$52.6M.
Questions
What was KLX Energy Services Holdings' revenue in the first quarter 2025?
KLX Energy Services Holdings (KLXE) reported revenue of $154M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -7% from the quarter before.
Was KLX Energy Services Holdings profitable in the first quarter 2025?
Operating loss was $17.7M (-11.5% of revenue) and net loss $27.9M.