Filing Flows › Maxlinear (MXL) › Q1 2025
Maxlinear (MXL) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Maxlinear (MXL) reported revenue of $95.9M for the first quarter 2025 (Q1 2025), +0.7% from a year earlier and +4% from the quarter before. Operating margin was -48.0%, net loss $49.7M (51.8% of revenue).
Maxlinear, Q1 2025: revenue $95.9M (+0.7% year over year), operating margin -48.0%, net loss $49.7M, operating cash flow −$11.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $95.9M | +4% | +0.7% |
| Operating profit | −$46.1M | — | — |
| Net earnings | −$49.7M | — | — |
| Operating cash flow | −$11.4M | — | — |
What changed
Revenue was $95.9M in Q1 2025, up 1% year over year and up 4% from the previous quarter. Broadband was the largest line at 43% of revenue. Connectivity added $10.5M year over year (up 108%), 1585% of the total change. Industrial and multi-market declined 59%.
Gross margin was 56.1%, up 4.4 points from a year earlier. Operating costs exceeded revenue by $46.1M, an operating margin of -48.0%. Operating expenses fell 19% while revenue rose 1%. The quarter ended with a net loss of $49.7M, narrower than the previous quarter's $57.8M loss.
Operating cash flow was −$11.4M. Non-cash charges added back $11.1M of depreciation and amortization and $22.9M of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$13.4M.
Questions
What was Maxlinear's revenue in the first quarter 2025?
Maxlinear (MXL) reported revenue of $95.9M for the first quarter 2025 (Q1 2025), +0.7% from a year earlier and +4% from the quarter before.
Was Maxlinear profitable in the first quarter 2025?
Operating loss was $46.1M (-48.0% of revenue) and net loss $49.7M.
Source: Maxlinear 10-Q on SEC EDGAR.