Filing Flows › Orion Group Holdings (ORN) › Q1 2025
Orion Group Holdings (ORN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Orion Group Holdings (ORN) reported revenue of $189M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -13% from the quarter before. Operating margin was 0.4%, net loss $1.4M (0.7% of revenue).
Orion Group Holdings, Q1 2025: revenue $189M (+17% year over year), operating margin 0.4%, net loss $1.4M, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189M | -13% | +17% |
| Operating profit | $833K | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$3.4M | — | — |
What changed
Revenue was $188.7M in Q1 2025, up 17% year over year and down 13% from the previous quarter. Marine Segment was the largest line at 67% of revenue. Marine Segment added $20.8M year over year (up 20%), 74% of the total change.
Gross margin was 12.2%, up 2.5 points from a year earlier. Operating profit was $833K, a 0.4% margin (up 2.4 points year over year). Operating expenses grew 19% against revenue growth of 17%. The quarter ended with a net loss of $1.4M, after a profit of $6.8M the previous quarter. Net interest and other expense of $2.1M was the main reason.
Operating cash flow was −$3.4M. Non-cash charges added back $3.2M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $6.3M. Capital expenditures of $9.0M exceeded it, leaving free cash flow of −$12.5M.
Questions
What was Orion Group Holdings' revenue in the first quarter 2025?
Orion Group Holdings (ORN) reported revenue of $189M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -13% from the quarter before.
Was Orion Group Holdings profitable in the first quarter 2025?
Operating profit was $833K (0.4% of revenue) and net loss $1.4M.