Filing Flows › Ferrari N.V. (RACE) › Q1 2025
Ferrari N.V. (RACE) Q1 2025 earnings results (first quarter 2025)
6-K filed May 6, 2025
Ferrari N.V. (RACE) reported revenue of $1.8B for the first quarter 2025 (Q1 2025), +13% from a year earlier. Operating margin was 30.3%, net earnings $412M (23.0% of revenue).
Ferrari N.V., Q1 2025: revenue $1.8B (+13% year over year), operating margin 30.3%, net earnings $412M, operating cash flow $847M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | — | +13% |
| Operating profit | $542M | — | +23% |
| Net earnings | $412M | — | +17% |
| Operating cash flow | $847M | — | +68% |
What changed
Revenue was €1.8B in Q1 2025, up 13% year over year. Cars and spare parts was the largest line at 86% of revenue. Cars and spare parts added €0.15B year over year (up 11%), 75% of the total change.
Operating profit was €0.54B, a 30.3% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 28% margin then. Total costs grew 9% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were €0.41B, up 17% year over year. The effective tax rate was 22.0%.
Operating cash flow was €0.85B (up 68% year over year), 206% of net earnings. Working capital and other items added €0.43B.
Questions
What was Ferrari N.V.'s revenue in the first quarter 2025?
Ferrari N.V.
Was Ferrari N.V. profitable in the first quarter 2025?
Operating profit was $542M (30.3% of revenue) and net earnings $412M.
Source: Ferrari N.V. 6-K on SEC EDGAR.