Filing Flows › Seadrill (SDRL) › Q1 2025
Seadrill (SDRL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Seadrill (SDRL) reported revenue of $335M for the first quarter 2025 (Q1 2025), -9% from a year earlier and +16% from the quarter before. Operating margin was 5.4%, net loss $14.0M (4.2% of revenue).
Seadrill, Q1 2025: revenue $335M (-9% year over year), operating margin 5.4%, net loss $14.0M, operating cash flow −$27.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $335M | +16% | -9% |
| Operating profit | $18.0M | — | — |
| Net earnings | −$14.0M | — | — |
| Operating cash flow | −$27.0M | — | — |
What changed
Revenue was $335.0M in Q1 2025, down 9% year over year and up 16% from the previous quarter.
Operating profit was $18.0M, a 5.4% margin (down 16.4 points year over year). Total costs grew 10% against a revenue fall of 9%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $14.0M, after a profit of $101.0M the previous quarter. Net interest and other expense of $17.0M was the main reason.
Operating cash flow was −$27.0M. Non-cash charges added back $55.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $72.0M. Capital expenditures of $45.0M exceeded it, leaving free cash flow of −$72.0M.
Questions
What was Seadrill's revenue in the first quarter 2025?
Seadrill (SDRL) reported revenue of $335M for the first quarter 2025 (Q1 2025), -9% from a year earlier and +16% from the quarter before.
Was Seadrill profitable in the first quarter 2025?
Operating profit was $18.0M (5.4% of revenue) and net loss $14.0M.
Source: Seadrill 10-Q on SEC EDGAR.