Filing Flows › Proto Labs (PRLB) › Q1 2025
Proto Labs (PRLB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Proto Labs (PRLB) reported revenue of $126M for the first quarter 2025 (Q1 2025), -1% from a year earlier and +4% from the quarter before. Operating margin was 3.6%, net earnings $3.6M (2.9% of revenue).
Proto Labs, Q1 2025: revenue $126M (-1% year over year), operating margin 3.6%, net earnings $3.6M, operating cash flow $18.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | +4% | -1% |
| Gross profit | $55.7M | +7% | -3% |
| Operating profit | $4.5M | — | -34% |
| Net earnings | $3.6M | — | -32% |
| Operating cash flow | $18.4M | +6% | -14% |
| Free cash flow | $17.1M | +4% | -9% |
What changed
Revenue was $126.2M in Q1 2025, down 1% year over year and up 4% from the previous quarter. CNC Machining was the largest line at 42% of revenue. Injection Molding lost $3.9M year over year (down 7%), 234% of the total change.
Gross margin was 44.1%, down 0.8 points from a year earlier. Operating profit was $4.5M, a 3.6% margin (down 1.7 points year over year). Operating expenses grew 1% against a revenue fall of 1%. Net earnings were $3.6M, down 32% year over year. The effective tax rate was 39.9%. Non-operating items added $1.5M, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $18.4M (down 14% year over year), 511% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $1.3M left free cash flow of $17.1M.
Questions
What was Proto Labs' revenue in the first quarter 2025?
Proto Labs (PRLB) reported revenue of $126M for the first quarter 2025 (Q1 2025), -1% from a year earlier and +4% from the quarter before.
Was Proto Labs profitable in the first quarter 2025?
Operating profit was $4.5M (3.6% of revenue) and net earnings $3.6M.
Source: Proto Labs 10-Q on SEC EDGAR.