Filing Flows › Marcus (MCS) › Q1 2025
Marcus (MCS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Marcus (MCS) reported revenue of $149M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -21% from the quarter before. Operating margin was -13.7%, net loss $16.8M (11.3% of revenue).
Marcus, Q1 2025: revenue $149M (+7% year over year), operating margin -13.7%, net loss $16.8M, operating cash flow −$35.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | -21% | +7% |
| Operating profit | −$20.4M | — | — |
| Net earnings | −$16.8M | — | — |
| Operating cash flow | −$35.3M | — | — |
What changed
Revenue was $148.8M in Q1 2025, up 7% year over year and down 21% from the previous quarter.
Operating costs exceeded revenue by $20.4M, an operating margin of -13.7%. Total costs grew 9% against revenue growth of 7%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $16.8M, after a profit of $1.0M the previous quarter.
Operating cash flow was −$35.3M. Non-cash charges added back $17.8M of depreciation and $3.5M of share-based compensation. Working capital and other items used $39.9M. Capital expenditures of $23.0M exceeded it, leaving free cash flow of −$58.3M.
Questions
What was Marcus' revenue in the first quarter 2025?
Marcus (MCS) reported revenue of $149M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -21% from the quarter before.
Was Marcus profitable in the first quarter 2025?
Operating loss was $20.4M (-13.7% of revenue) and net loss $16.8M.
Source: Marcus 10-Q on SEC EDGAR.