Filing Flows › Opko Health (OPK) › Q1 2025
Opko Health (OPK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Opko Health (OPK) reported revenue of $150M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -18% from the quarter before. Operating margin was -44.8%, net loss $67.6M (45.1% of revenue).
Opko Health, Q1 2025: revenue $150M (-14% year over year), operating margin -44.8%, net loss $67.6M, operating cash flow −$34.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | -18% | -14% |
| Operating profit | −$67.2M | — | — |
| Net earnings | −$67.6M | — | — |
| Operating cash flow | −$34.6M | — | — |
What changed
Revenue was $150.0M in Q1 2025, down 14% year over year and down 18% from the previous quarter. Service was the largest line at 69% of revenue. Service lost $24.0M year over year (down 19%), 101% of the total change.
Gross margin was 28.4%, up 4.2 points from a year earlier. Operating costs exceeded revenue by $67.2M, an operating margin of -44.8%. Operating expenses fell 3% while revenue fell 14%. The fastest-growing cost line was Research & development (+41%). The quarter ended with a net loss of $67.6M, after a profit of $14.0M the previous quarter.
Operating cash flow was −$34.6M. Non-cash charges added back $23.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $7.0M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$37.7M.
Questions
What was Opko Health's revenue in the first quarter 2025?
Opko Health (OPK) reported revenue of $150M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -18% from the quarter before.
Was Opko Health profitable in the first quarter 2025?
Operating loss was $67.2M (-44.8% of revenue) and net loss $67.6M.
Source: Opko Health 10-Q on SEC EDGAR.