Filing Flows › Privia Health Group (PRVA) › Q1 2025
Privia Health Group (PRVA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Privia Health Group (PRVA) reported revenue of $480M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +4% from the quarter before. Operating margin was 1.1%, net earnings $4.2M (0.9% of revenue).
Privia Health Group, Q1 2025: revenue $480M (+16% year over year), operating margin 1.1%, net earnings $4.2M, operating cash flow −$24.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $480M | +4% | +16% |
| Operating profit | $5.2M | -0.6% | +534% |
| Net earnings | $4.2M | -4% | +41% |
| Operating cash flow | −$24.1M | — | — |
What changed
Revenue was $480.1M in Q1 2025, up 16% year over year and up 4% from the previous quarter. FFS-patient care was the largest line at 65% of revenue. FFS-patient care added $36.9M year over year (up 13%), 57% of the total change.
Operating profit was $5.2M, a 1.1% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 0% margin then. Total costs grew 15% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $4.2M, up 41% year over year. The effective tax rate was 25.8%. Non-operating items added $2.9M, 36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$24.1M. Non-cash charges added back $1.9M of depreciation and amortization and $17.8M of share-based compensation. Working capital and other items used $49.8M.
Questions
What was Privia Health Group's revenue in the first quarter 2025?
Privia Health Group (PRVA) reported revenue of $480M for the first quarter 2025 (Q1 2025), +16% from a year earlier and +4% from the quarter before.
Was Privia Health Group profitable in the first quarter 2025?
Operating profit was $5.2M (1.1% of revenue) and net earnings $4.2M.