Filing Flows › Millrose Properties (MRP) › Q1 2025
Millrose Properties (MRP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Millrose Properties (MRP) reported revenue of $82.7M for the first quarter 2025 (Q1 2025). Operating margin was 55.2%, net earnings $39.8M (48.1% of revenue).
Millrose Properties, Q1 2025: revenue $82.7M, operating margin 55.2%, net earnings $39.8M, operating cash flow $21.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.7M | — | — |
| Operating profit | $45.6M | — | — |
| Net earnings | $39.8M | — | — |
| Operating cash flow | $21.3M | — | — |
What changed
Revenue was $82.7M in Q1 2025.
Operating profit was $45.6M, a 55.2% margin. Net earnings were $39.8M. The effective tax rate was 9.9%.
Operating cash flow was $21.3M, 53% of net earnings. Working capital and other items used $18.5M.
Questions
What was Millrose Properties' revenue in the first quarter 2025?
Millrose Properties (MRP) reported revenue of $82.7M for the first quarter 2025 (Q1 2025).
Was Millrose Properties profitable in the first quarter 2025?
Operating profit was $45.6M (55.2% of revenue) and net earnings $39.8M.