Filing Flows › Seer (SEER) › Q1 2025
Seer (SEER) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Seer (SEER) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), +37% from a year earlier and +5% from the quarter before. Operating margin was -493.0%, net loss $19.9M (474.4% of revenue).
Seer, Q1 2025: revenue $4.2M (+37% year over year), operating margin -493.0%, net loss $19.9M, operating cash flow −$11.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2M | +5% | +37% |
| Operating profit | −$20.7M | — | — |
| Net earnings | −$19.9M | — | — |
| Operating cash flow | −$11.4M | — | — |
What changed
Revenue was $4.2M in Q1 2025, up 37% year over year and up 5% from the previous quarter.
Gross margin was 49.0%, up 4.6 points from a year earlier. Operating costs exceeded revenue by $20.7M, an operating margin of -493.0%. Operating expenses fell 14% while revenue rose 37%. The quarter ended with a net loss of $19.9M, narrower than the previous quarter's $21.7M loss.
Operating cash flow was −$11.4M. Non-cash charges added back $1.4M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $2.4M. Capital expenditures of $654K exceeded it, leaving free cash flow of −$12.1M.
Questions
What was Seer's revenue in the first quarter 2025?
Seer (SEER) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), +37% from a year earlier and +5% from the quarter before.
Was Seer profitable in the first quarter 2025?
Operating loss was $20.7M (-493.0% of revenue) and net loss $19.9M.
Source: Seer 10-Q on SEC EDGAR.