Filing Flows › Shimmick (SHIM) › Q1 2025
Shimmick (SHIM) Q1 2025 earnings results (first quarter 2025)
10-K filed Mar 20, 2025
Shimmick (SHIM) reported revenue of $104M for the first quarter 2025 (Q1 2025), -25% from a year earlier and -38% from the quarter before. Operating margin was -39.3%, net loss $38.5M (37.1% of revenue).
Shimmick, Q1 2025: revenue $104M (-25% year over year), operating margin -39.3%, net loss $38.5M, operating cash flow $44.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | -38% | -25% |
| Operating profit | −$40.7M | — | — |
| Net earnings | −$38.5M | — | — |
| Operating cash flow | $44.9M | +255% | — |
| Free cash flow | $44.4M | +331% | — |
What changed
Revenue was $103.6M in Q1 2025, down 25% year over year and down 38% from the previous quarter.
Operating costs exceeded revenue by $40.7M, an operating margin of -39.3%. Total costs fell 6% while revenue fell 25%. The quarter ended with a net loss of $38.5M, wider than the previous quarter's $1.6M loss.
Operating cash flow was $44.9M. Non-cash charges added back $3.5M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $77.1M. Capital expenditures of $514K left free cash flow of $44.4M.
Questions
What was Shimmick's revenue in the first quarter 2025?
Shimmick (SHIM) reported revenue of $104M for the first quarter 2025 (Q1 2025), -25% from a year earlier and -38% from the quarter before.
Was Shimmick profitable in the first quarter 2025?
Operating loss was $40.7M (-39.3% of revenue) and net loss $38.5M.
Source: Shimmick 10-K on SEC EDGAR.