Filing Flows › Solaris Energy Infrastructure (SEI) › Q1 2025
Solaris Energy Infrastructure (SEI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Solaris Energy Infrastructure (SEI) reported revenue of $126M for the first quarter 2025 (Q1 2025), +86% from a year earlier and +31% from the quarter before. Operating margin was 17.5%, net earnings $5.3M (4.2% of revenue).
Solaris Energy Infrastructure, Q1 2025: revenue $126M (+86% year over year), operating margin 17.5%, net earnings $5.3M, operating cash flow $25.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | +31% | +86% |
| Operating profit | $22.1M | -14% | +122% |
| Net earnings | $5.3M | -15% | +23% |
| Operating cash flow | $25.7M | +96% | +52% |
What changed
Revenue was $126.3M in Q1 2025, up 86% year over year and up 31% from the previous quarter. Solaris Logistics Solutions was the largest line at 61% of revenue. Solaris Logistics Solutions added $9.1M year over year (up 13%), 16% of the total change.
Operating profit was $22.1M, a 17.5% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 15% margin then. Total costs grew 80% against revenue growth of 86%. The fastest-growing cost line was Other operating costs (+785%). Net earnings were $5.3M, up 23% year over year. The effective tax rate was 23.2%.
Operating cash flow was $25.7M (up 52% year over year), 198% of net income including minority interests. Non-cash charges added back $20.1M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $14.3M. Capital expenditures of $144.3M exceeded it, leaving free cash flow of −$118.6M.
Questions
What was Solaris Energy Infrastructure's revenue in the first quarter 2025?
Solaris Energy Infrastructure (SEI) reported revenue of $126M for the first quarter 2025 (Q1 2025), +86% from a year earlier and +31% from the quarter before.
Was Solaris Energy Infrastructure profitable in the first quarter 2025?
Operating profit was $22.1M (17.5% of revenue) and net earnings $5.3M.