Filing Flows › Lincoln National (LNC) › Q1 2025
Lincoln National (LNC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Lincoln National (LNC) reported revenue of $4.7B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -7% from the quarter before. Operating margin was -20.2%, net loss $722M (15.4% of revenue).
Lincoln National, Q1 2025: revenue $4.7B (+14% year over year), operating margin -20.2%, net loss $722M, operating cash flow −$272M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | -7% | +14% |
| Operating profit | −$949M | — | — |
| Net earnings | −$722M | — | — |
| Operating cash flow | −$272M | — | — |
What changed
Revenue was $4.7B in Q1 2025, up 14% year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $0.95B, an operating margin of -20.2%. Total costs grew 118% against revenue growth of 14%. The quarter ended with a net loss of $0.72B, after a profit of $1.7B the previous quarter.
Operating cash flow was −$0.27B. Working capital and other items added $0.45B.
Questions
What was Lincoln National's revenue in the first quarter 2025?
Lincoln National (LNC) reported revenue of $4.7B for the first quarter 2025 (Q1 2025), +14% from a year earlier and -7% from the quarter before.
Was Lincoln National profitable in the first quarter 2025?
Operating loss was $949M (-20.2% of revenue) and net loss $722M.
Source: Lincoln National 10-Q on SEC EDGAR.