Filing Flows › Mirion Technologies (MIR) › Q1 2025
Mirion Technologies (MIR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Mirion Technologies (MIR) reported revenue of $202M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -21% from the quarter before. Operating margin was 4.3%, net earnings $300K (0.1% of revenue).
Mirion Technologies, Q1 2025: revenue $202M (+5% year over year), operating margin 4.3%, net earnings $300K, operating cash flow $35.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $202M | -21% | +5% |
| Gross profit | $96.1M | -21% | +10% |
| Operating profit | $8.7M | -70% | — |
| Net earnings | $300K | -98% | — |
| Operating cash flow | $35.6M | -41% | +493% |
| Free cash flow | $28.8M | — | — |
What changed
Revenue was $202.0M in Q1 2025, up 5% year over year and down 21% from the previous quarter. Product was the largest line at 73% of revenue. Product added $7.9M year over year (up 6%), 84% of the total change.
Gross margin was 47.6%, up 2.4 points from a year earlier. Operating profit was $8.7M, a 4.3% margin (up 6.9 points year over year). Operating expenses fell 5% while revenue rose 5%. The fastest-growing cost line was Research & development (+10%). Net earnings were $300K. The effective tax rate was 33.3%.
Operating cash flow was $35.6M (up 493% year over year), 8900% of net income including minority interests. Non-cash charges added back $33.7M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $1.9M. After purchases of property, plant and equipment and badges, net ($6.8M), adjusted free cash flow as the company reports it was $28.8M.
Questions
What was Mirion Technologies' revenue in the first quarter 2025?
Mirion Technologies (MIR) reported revenue of $202M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -21% from the quarter before.
Was Mirion Technologies profitable in the first quarter 2025?
Operating profit was $8.7M (4.3% of revenue) and net earnings $300K.