Filing Flows › Belpointe Prep, LLC (OZ) › Q1 2025
Belpointe Prep, LLC (OZ) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Belpointe Prep, LLC (OZ) reported revenue of $1.7M for the first quarter 2025 (Q1 2025), +416% from a year earlier and +59% from the quarter before. Operating margin was -495.9%, net loss $8.6M (495.9% of revenue).
Belpointe Prep, LLC, Q1 2025: revenue $1.7M (+416% year over year), operating margin -495.9%, net loss $8.6M, operating cash flow −$6.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | +59% | +416% |
| Operating profit | −$8.6M | — | — |
| Net earnings | −$8.6M | — | — |
| Operating cash flow | −$6.6M | — | — |
What changed
Revenue was $1.7M in Q1 2025, up 416% year over year and up 59% from the previous quarter.
Operating costs exceeded revenue by $8.6M, an operating margin of -495.9%. Total costs grew 140% against revenue growth of 416%. The fastest-growing cost line was Other operating costs (+218%). The quarter ended with a net loss of $8.6M, wider than the previous quarter's $8.2M loss. Minority interests bore $4K of it: to shareholders the quarter was a loss of $8.6M.
Operating cash flow was −$6.6M. Non-cash charges added back $2.4M of depreciation and amortization. Working capital and other items used $440K. Capital expenditures of $20.6M exceeded it, leaving free cash flow of −$27.2M.
Questions
What was Belpointe Prep, LLC's revenue in the first quarter 2025?
Belpointe Prep, LLC (OZ) reported revenue of $1.7M for the first quarter 2025 (Q1 2025), +416% from a year earlier and +59% from the quarter before.
Was Belpointe Prep, LLC profitable in the first quarter 2025?
Operating loss was $8.6M (-495.9% of revenue) and net loss $8.6M.