Filing Flows › Rocky Brands (RCKY) › Q1 2025
Rocky Brands (RCKY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Rocky Brands (RCKY) reported revenue of $114M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -11% from the quarter before. Operating margin was 7.6%, net earnings $4.9M (4.3% of revenue).
Rocky Brands, Q1 2025: revenue $114M (+1% year over year), operating margin 7.6%, net earnings $4.9M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | -11% | +1% |
| Gross profit | $47.0M | -12% | +6% |
| Operating profit | $8.7M | +2% | +9% |
| Net earnings | $4.9M | +3% | +94% |
| Operating cash flow | $1.2M | -95% | -93% |
| Free cash flow | $529K | -98% | -97% |
What changed
Revenue was $114.1M in Q1 2025, up 1% year over year and down 11% from the previous quarter. Wholesale was the largest line at 66% of revenue. Retail added $6.2M year over year (up 20%), 534% of the total change. Wholesale declined 6%.
Gross margin was 41.2%, up 2.1 points from a year earlier. Operating profit was $8.7M, a 7.6% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 7% margin then. Operating expenses grew 6% against revenue growth of 1%. Net earnings were $4.9M, up 94% year over year. The effective tax rate was 22.2%.
Operating cash flow was $1.2M (down 93% year over year), 25% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $386K of share-based compensation. Working capital and other items used $6.5M. Capital expenditures of $701K left free cash flow of $529K.
Questions
What was Rocky Brands' revenue in the first quarter 2025?
Rocky Brands (RCKY) reported revenue of $114M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -11% from the quarter before.
Was Rocky Brands profitable in the first quarter 2025?
Operating profit was $8.7M (7.6% of revenue) and net earnings $4.9M.
Source: Rocky Brands 10-Q on SEC EDGAR.