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NRC Health (NRC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
NRC Health (NRC) reported revenue of $33.6M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -9% from the quarter before. Operating margin was 25.6%, net earnings $5.8M (17.2% of revenue).
NRC Health, Q1 2025: revenue $33.6M (-5% year over year), operating margin 25.6%, net earnings $5.8M, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.6M | -9% | -5% |
| Operating profit | $8.6M | -10% | -2% |
| Net earnings | $5.8M | -12% | -9% |
| Operating cash flow | $6.6M | +4% | -45% |
| Free cash flow | $3.7M | +89% | -54% |
What changed
Revenue was $33.6M in Q1 2025, down 5% year over year and down 9% from the previous quarter.
Operating profit was $8.6M, a 25.6% margin (up 0.8 points year over year). Total costs fell 6% while revenue fell 5%. Net earnings were $5.8M, down 9% year over year. The effective tax rate was 25.1%.
Operating cash flow was $6.6M (down 45% year over year), 115% of net earnings. Non-cash charges added back $1.5M of depreciation and amortization and $171K of share-based compensation. Working capital and other items used $854K. Capital expenditures of $3.0M left free cash flow of $3.7M.
Questions
What was NRC Health's revenue in the first quarter 2025?
NRC Health (NRC) reported revenue of $33.6M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -9% from the quarter before.
Was NRC Health profitable in the first quarter 2025?
Operating profit was $8.6M (25.6% of revenue) and net earnings $5.8M.
Source: NRC Health 10-Q on SEC EDGAR.