Filing Flows › People (PPLI) › Q2 2025
People (PPLI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
People (PPLI) reported revenue of $587M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +3% from the quarter before. Operating margin was 0.1%, net earnings $211M (36.0% of revenue).
People, Q2 2025: revenue $587M (-8% year over year), operating margin 0.1%, net earnings $211M, operating cash flow $24.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $587M | +3% | -7% |
| Operating profit | $575K | -98% | — |
| Net earnings | $211M | — | — |
| Operating cash flow | $24.6M | — | -71% |
| Free cash flow | $20.2M | — | -75% |
What changed
Revenue was $586.9M in Q2 2025, down 7% year over year and up 3% from the previous quarter.
Operating profit was $575K, a 0.1% margin (up 3.5 points year over year). Total costs fell 11% while revenue fell 7%. Net earnings were $211.5M ($210.6M including minority interests, which bore $819K of losses). The effective tax rate was 23.0%. Non-operating items added $273.1M, 100% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $24.6M (down 71% year over year), 12% of net earnings. Non-cash charges added back $30.4M of depreciation and amortization and $19.5M of share-based compensation. Working capital and other items used $235.9M. Capital expenditures of $4.5M left free cash flow of $20.2M.
Questions
What was People's revenue in the second quarter 2025?
People (PPLI) reported revenue of $587M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +3% from the quarter before.
Was People profitable in the second quarter 2025?
Operating profit was $575K (0.1% of revenue) and net earnings $211M.
Source: People 10-Q on SEC EDGAR.