Filing Flows › Siga Technologies (SIGA) › Q1 2025
Siga Technologies (SIGA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Siga Technologies (SIGA) reported revenue of $7.0M for the first quarter 2025 (Q1 2025), -72% from a year earlier and -91% from the quarter before. Operating margin was -32.0%, net loss $408K (5.8% of revenue).
Siga Technologies, Q1 2025: revenue $7.0M (-72% year over year), operating margin -32.0%, net loss $408K, operating cash flow $7.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0M | -91% | -72% |
| Operating profit | −$2.3M | -104% | — |
| Net earnings | −$408K | -101% | — |
| Operating cash flow | $7.1M | -87% | — |
| Free cash flow | $7.0M | -87% | — |
What changed
Revenue was $7.0M in Q1 2025, down 72% year over year and down 91% from the previous quarter. Product Sales and Supportive Services was the largest line at 83% of revenue. Product Sales and Supportive Services lost $18.1M year over year (down 76%), 98% of the total change.
Operating costs exceeded revenue by $2.3M, an operating margin of -32.0%. Total costs fell 34% while revenue fell 72%. The fastest-growing cost line was Research & development (+13%). The quarter ended with a net loss of $408K, after a profit of $45.8M the previous quarter. Non-operating items added $1.7M, -295% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.1M. Non-cash charges added back $135K of depreciation and amortization and $902K of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $25K left free cash flow of $7.0M.
Questions
What was Siga Technologies' revenue in the first quarter 2025?
Siga Technologies (SIGA) reported revenue of $7.0M for the first quarter 2025 (Q1 2025), -72% from a year earlier and -91% from the quarter before.
Was Siga Technologies profitable in the first quarter 2025?
Operating loss was $2.3M (-32.0% of revenue) and net loss $408K.
Source: Siga Technologies 10-Q on SEC EDGAR.