Filing Flows › Perimeter Group (PRM) › Q1 2025
Perimeter Group (PRM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Perimeter Group (PRM) reported revenue of $72.0M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -16% from the quarter before. Operating margin was 108.0%, net earnings $56.7M (78.7% of revenue).
Perimeter Group, Q1 2025: revenue $72.0M (+22% year over year), operating margin 108.0%, net earnings $56.7M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $72.0M | -16% | +22% |
| Gross profit | $28.2M | -33% | +36% |
| Operating profit | $77.8M | +27% | — |
| Net earnings | $56.7M | -61% | — |
| Operating cash flow | $23.7M | — | +752% |
| Free cash flow | $18.9M | — | 15× |
What changed
Revenue was $72.0M in Q1 2025, up 22% year over year and down 16% from the previous quarter. Revenues from products was the largest line at 94% of revenue. Revenues from products added $9.8M year over year (up 17%), 75% of the total change. Other revenues declined 80%.
Gross margin was 39.1%, up 4.0 points from a year earlier. Operating profit was $77.8M, a 108.0% margin (up 234.8 points year over year). Net earnings were $56.7M. The effective tax rate was 18.1%.
Operating cash flow was $23.7M (up 752% year over year), 42% of net earnings. Non-cash charges added back $16.9M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items used $52.5M. Capital expenditures of $4.8M left free cash flow of $18.9M.
Questions
What was Perimeter Group's revenue in the first quarter 2025?
Perimeter Group (PRM) reported revenue of $72.0M for the first quarter 2025 (Q1 2025), +22% from a year earlier and -16% from the quarter before.
Was Perimeter Group profitable in the first quarter 2025?
Operating profit was $77.8M (108.0% of revenue) and net earnings $56.7M.
Source: Perimeter Group 10-Q on SEC EDGAR.