Filing Flows › Site Centers (SITC) › Q1 2025
Site Centers (SITC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Site Centers (SITC) reported revenue of $42.6M for the first quarter 2025 (Q1 2025), -55% from a year earlier. Operating margin was 7.6%, net earnings $3.1M (7.2% of revenue).
Site Centers, Q1 2025: revenue $42.6M (-55% year over year), operating margin 7.6%, net earnings $3.1M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.6M | — | -55% |
| Operating profit | $3.2M | — | — |
| Net earnings | $3.1M | — | — |
| Operating cash flow | $5.7M | — | -86% |
| Free cash flow | $2.5M | — | -88% |
What changed
Revenue was $42.6M in Q1 2025, down 55% year over year.
Operating profit was $3.2M, a 7.6% margin (up 32.4 points year over year). Total costs fell 66% while revenue fell 55%. Net earnings were $3.1M. The effective tax rate was 4.6%.
Operating cash flow was $5.7M (down 86% year over year), 186% of net earnings. Non-cash charges added back $13.3M of depreciation and amortization and $384K of share-based compensation. Working capital and other items used $11.0M. Capital expenditures of $3.2M left free cash flow of $2.5M.
Questions
What was Site Centers' revenue in the first quarter 2025?
Site Centers (SITC) reported revenue of $42.6M for the first quarter 2025 (Q1 2025), -55% from a year earlier.
Was Site Centers profitable in the first quarter 2025?
Operating profit was $3.2M (7.6% of revenue) and net earnings $3.1M.
Source: Site Centers 10-Q on SEC EDGAR.