Filing Flows › SBC Medical Group Holdings (SBC) › Q1 2025
SBC Medical Group Holdings (SBC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
SBC Medical Group Holdings (SBC) reported revenue of $47.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and +7% from the quarter before. Operating margin was 51.1%, net earnings $21.5M (45.4% of revenue).
SBC Medical Group Holdings, Q1 2025: revenue $47.3M (-14% year over year), operating margin 51.1%, net earnings $21.5M, operating cash flow $1.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.3M | +7% | -14% |
| Gross profit | $37.7M | +11% | -5% |
| Operating profit | $24.2M | +413% | -1% |
| Net earnings | $21.5M | +228% | +15% |
| Operating cash flow | $1.9M | — | -48% |
| Free cash flow | $1.7M | — | -44% |
What changed
Revenue was $47.3M in Q1 2025, down 14% year over year and up 7% from the previous quarter. Franchising was the largest line at 33% of revenue. Management Services lost $6.9M year over year (down 44%), 93% of the total change.
Gross margin was 79.7%, up 7.6 points from a year earlier. Operating profit was $24.2M, a 51.1% margin (up 6.5 points year over year). Operating expenses fell 10% while revenue fell 14%. Net earnings were $21.5M, up 15% year over year. The effective tax rate was 31.7%. Non-operating items added $7.2M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.9M (down 48% year over year), 9% of net earnings. Non-cash charges added back $628K of depreciation and amortization. Working capital and other items used $20.2M. Capital expenditures of $254K left free cash flow of $1.7M.
Questions
What was SBC Medical Group Holdings' revenue in the first quarter 2025?
SBC Medical Group Holdings (SBC) reported revenue of $47.3M for the first quarter 2025 (Q1 2025), -14% from a year earlier and +7% from the quarter before.
Was SBC Medical Group Holdings profitable in the first quarter 2025?
Operating profit was $24.2M (51.1% of revenue) and net earnings $21.5M.