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Silence Therapeutics (SLN) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 8, 2025

Silence Therapeutics (SLN) reported revenue of $142K for the first quarter 2025 (Q1 2025), -99% from a year earlier and -99% from the quarter before.

Revenue$142K
Year over year-99%
Quarter over quarter-99%
Operating margin—
Net earnings−$28.5M

Silence Therapeutics, Q1 2025: revenue $142K (-99% year over year), net loss $28.5M, operating cash flow −$12.3M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$142K-99%-99%
Operating profit−$28.4M——
Net earnings−$28.5M-332%—
Operating cash flow−$12.3M——

What changed

Revenue was $142K in Q1 2025, down 99% year over year and down 99% from the previous quarter.

Gross margin was 62.0%, down 20.2 points from a year earlier. Operating costs exceeded revenue by $28.4M, an operating margin of -20006.3%. Operating expenses grew 54% against a revenue fall of 99%. The fastest-growing cost line was Research & development (+76%). The quarter ended with a net loss of $28.5M, after a profit of $12.3M the previous quarter.

Operating cash flow was −$12.3M. Non-cash charges added back $73K of depreciation and $3.5M of share-based compensation. Working capital and other items added $12.6M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$12.3M.

Questions

What was Silence Therapeutics' revenue in the first quarter 2025?

Silence Therapeutics (SLN) reported revenue of $142K for the first quarter 2025 (Q1 2025), -99% from a year earlier and -99% from the quarter before.

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Source: Silence Therapeutics 10-Q on SEC EDGAR.