Filing Flows › People (PPLI) › Q1 2025
People (PPLI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
People (PPLI) reported revenue of $570M for the first quarter 2025 (Q1 2025), -39% from a year earlier and -42% from the quarter before. Operating margin was 6.3%, net loss $215M (37.6% of revenue).
People, Q1 2025: revenue $570M (-39% year over year), operating margin 6.3%, net loss $215M, operating cash flow −$27.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $570M | -42% | -39% |
| Operating profit | $35.8M | — | — |
| Net earnings | −$215M | — | — |
| Operating cash flow | −$27.3M | — | — |
What changed
Revenue was $570.5M in Q1 2025, down 39% year over year and down 42% from the previous quarter.
Operating profit was $35.8M, a 6.3% margin (up 13.1 points year over year). Total costs fell 46% while revenue fell 39%. The quarter ended with a net loss of $214.6M, wider than the previous quarter's $199.4M loss. Net interest and other expense of $329.6M was the main reason.
Operating cash flow was −$27.3M. Non-cash charges added back $34.4M of depreciation and amortization. Working capital and other items added $152.9M. Capital expenditures of $4.7M exceeded it, leaving free cash flow of −$32.0M.
Questions
What was People's revenue in the first quarter 2025?
People (PPLI) reported revenue of $570M for the first quarter 2025 (Q1 2025), -39% from a year earlier and -42% from the quarter before.
Was People profitable in the first quarter 2025?
Operating profit was $35.8M (6.3% of revenue) and net loss $215M.
Source: People 10-Q on SEC EDGAR.