Filing Flows › Mistras Group (MG) › Q1 2025
Mistras Group (MG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Mistras Group (MG) reported revenue of $162M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -6% from the quarter before. Operating margin was -0.6%, net loss $3.2M (2.0% of revenue).
Mistras Group, Q1 2025: revenue $162M (-12% year over year), operating margin -0.6%, net loss $3.2M, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $162M | -6% | -12% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | $5.6M | -78% | +835% |
| Free cash flow | $1.1M | -95% | — |
What changed
Revenue was $161.6M in Q1 2025, down 12% year over year and down 6% from the previous quarter. Oil & Gas was the largest line at 60% of revenue. Oil & Gas lost $16.6M year over year (down 15%), 73% of the total change.
Gross margin was 25.3%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -0.6%. Operating expenses grew 3% against a revenue fall of 12%. The fastest-growing cost line was Other operating costs (+49%). The quarter ended with a net loss of $3.2M, after a profit of $5.2M the previous quarter. Net interest and other expense of $3.3M was the main reason.
Operating cash flow was $5.6M (up 835% year over year). Non-cash charges added back $7.8M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $4.6M left free cash flow of $1.1M.
Questions
What was Mistras Group's revenue in the first quarter 2025?
Mistras Group (MG) reported revenue of $162M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -6% from the quarter before.
Was Mistras Group profitable in the first quarter 2025?
Operating loss was $1.0M (-0.6% of revenue) and net loss $3.2M.
Source: Mistras Group 10-Q on SEC EDGAR.