Filing Flows › Mechanics Bancorp (MCHB) › Q1 2025
Mechanics Bancorp (MCHB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Mechanics Bancorp (MCHB) reported revenue of $45.4M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +267% from the quarter before. Operating margin was -10.5%, net loss $4.5M (9.8% of revenue).
Mechanics Bancorp, Q1 2025: revenue $45.4M (+9% year over year), operating margin -10.5%, net loss $4.5M, operating cash flow −$22.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.4M | +267% | +9% |
| Operating profit | −$4.8M | — | — |
| Net earnings | −$4.5M | — | — |
| Operating cash flow | −$22.5M | — | — |
What changed
Revenue was $45.4M in Q1 2025, up 9% year over year and up 267% from the previous quarter.
Operating costs exceeded revenue by $4.8M, an operating margin of -10.5%. Total costs fell 4% while revenue rose 9%. The quarter ended with a net loss of $4.5M, narrower than the previous quarter's $123.3M loss.
Operating cash flow was −$22.5M. Non-cash charges added back $1.5M of depreciation and amortization and $592K of share-based compensation. Working capital and other items used $20.1M. Capital expenditures of $53K exceeded it, leaving free cash flow of −$22.6M.
Questions
What was Mechanics Bancorp's revenue in the first quarter 2025?
Mechanics Bancorp (MCHB) reported revenue of $45.4M for the first quarter 2025 (Q1 2025), +9% from a year earlier and +267% from the quarter before.
Was Mechanics Bancorp profitable in the first quarter 2025?
Operating loss was $4.8M (-10.5% of revenue) and net loss $4.5M.
Source: Mechanics Bancorp 10-Q on SEC EDGAR.