Filing Flows › Stifel Financial (SF) › Q1 2025
Stifel Financial (SF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Stifel Financial (SF) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -8% from the quarter before. Operating margin was 4.3%, net earnings $53.0M (3.6% of revenue).
Stifel Financial, Q1 2025: revenue $1.5B (+4% year over year), operating margin 4.3%, net earnings $53.0M, operating cash flow −$211M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -8% | +4% |
| Operating profit | $63.4M | -76% | -71% |
| Net earnings | $53.0M | -78% | -68% |
| Operating cash flow | −$211M | — | — |
What changed
Revenue was $1.5B in Q1 2025, up 4% year over year and down 8% from the previous quarter. Asset Management1 was the largest line at 28% of revenue. Asset Management1 added $0.04B year over year (up 11%), 82% of the total change.
Operating profit was $0.06B, a 4.3% margin (down 11.1 points year over year). Operating profit fell $0.16B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Total costs grew 17% against revenue growth of 4%. Net earnings were $0.05B, down 68% year over year. The effective tax rate was 16.4%.
Operating cash flow was −$0.21B. Non-cash charges added back $0.02B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.34B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.23B.
Questions
What was Stifel Financial's revenue in the first quarter 2025?
Stifel Financial (SF) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -8% from the quarter before.
Was Stifel Financial profitable in the first quarter 2025?
Operating profit was $63.4M (4.3% of revenue) and net earnings $53.0M.
Source: Stifel Financial 10-Q on SEC EDGAR.