Filing Flows › Pedevco (PED) › Q1 2025
Pedevco (PED) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Pedevco (PED) reported revenue of $8.7M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -17% from the quarter before. Operating margin was 1.7%, net earnings $140K (1.6% of revenue).
Pedevco, Q1 2025: revenue $8.7M (+8% year over year), operating margin 1.7%, net earnings $140K, operating cash flow $5.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.7M | -17% | +8% |
| Operating profit | $150K | — | -76% |
| Net earnings | $140K | -98% | -82% |
| Operating cash flow | $5.9M | +41% | — |
| Free cash flow | $4.5M | — | — |
What changed
Revenue was $8.7M in Q1 2025, up 8% year over year and down 17% from the previous quarter.
Operating profit was $150K, a 1.7% margin (down 5.9 points year over year). Operating profit fell $467K even though revenue rose $620K versus a year earlier, so costs grew faster than sales. Total costs grew 14% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $140K, down 82% year over year. The effective tax rate was 35.2%. Non-operating items added $66K, 31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.9M, 4234% of net earnings. Non-cash charges added back $3.3M of depreciation and amortization and $475K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $1.4M left free cash flow of $4.5M.
Questions
What was Pedevco's revenue in the first quarter 2025?
Pedevco (PED) reported revenue of $8.7M for the first quarter 2025 (Q1 2025), +8% from a year earlier and -17% from the quarter before.
Was Pedevco profitable in the first quarter 2025?
Operating profit was $150K (1.7% of revenue) and net earnings $140K.
Source: Pedevco 10-Q on SEC EDGAR.