Filing Flows › Marblegate Capital (MGTE) › Q1 2025
Marblegate Capital (MGTE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Marblegate Capital (MGTE) reported revenue of $4.6M for the first quarter 2025 (Q1 2025) and -8% from the quarter before. Operating margin was -2.0%, net loss $3.7M (80.3% of revenue).
Marblegate Capital, Q1 2025: revenue $4.6M, operating margin -2.0%, net loss $3.7M, operating cash flow $0. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6M | -8% | — |
| Operating profit | −$92K | -108% | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | $0 | -100% | — |
What changed
Revenue was $4.6M in Q1 2025, down 8% from the previous quarter.
Operating costs exceeded revenue by $92K, an operating margin of -2.0%. The quarter ended with a net loss of $3.7M, narrower than the previous quarter's $4.2M loss. Minority interests bore $3.6M of it: to shareholders the quarter was a loss of $92K. Net interest and other expense of $3.6M was the main reason.
Operating cash flow was $0K. Non-cash charges added back $539K of depreciation. Working capital and other items added $3.1M.
Questions
What was Marblegate Capital's revenue in the first quarter 2025?
Marblegate Capital (MGTE) reported revenue of $4.6M for the first quarter 2025 (Q1 2025) and -8% from the quarter before.
Was Marblegate Capital profitable in the first quarter 2025?
Operating loss was $92K (-2.0% of revenue) and net loss $3.7M.
Source: Marblegate Capital 10-Q on SEC EDGAR.