Filing Flows › RB Global (RBA) › Q1 2025
RB Global (RBA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
RB Global (RBA) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -3% from the quarter before. Operating margin was 17.1%, net earnings $113M (10.2% of revenue).
RB Global, Q1 2025: revenue $1.1B (+4% year over year), operating margin 17.1%, net earnings $113M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -3% | +4% |
| Operating profit | $190M | -8% | -5% |
| Net earnings | $113M | -4% | +5% |
| Operating cash flow | $157M | -15% | +26% |
| Free cash flow | $102M | -20% | +29% |
What changed
Revenue was $1.1B in Q1 2025, up 4% year over year and down 3% from the previous quarter. Transactional buyer revenue was the largest line at 50% of revenue. Inventory sales revenue added $0.04B year over year (up 19%), 92% of the total change. Transactional seller revenue declined 9%.
Operating profit was $0.19B, a 17.1% margin (down 1.6 points year over year). Operating profit fell $0.01B even though revenue rose $0.04B versus a year earlier, so costs grew faster than sales. Total costs grew 6% against revenue growth of 4%. Net earnings were $0.11B, up 6% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.16B (up 26% year over year), 138% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.05B left free cash flow of $0.10B.
Questions
What was RB Global's revenue in the first quarter 2025?
RB Global (RBA) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -3% from the quarter before.
Was RB Global profitable in the first quarter 2025?
Operating profit was $190M (17.1% of revenue) and net earnings $113M.
Source: RB Global 10-Q on SEC EDGAR.