Filing Flows › Southland Holdings (SLND) › Q1 2025
Southland Holdings (SLND) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Southland Holdings (SLND) reported revenue of $239M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -10% from the quarter before. Operating margin was 2.1%, net loss $2.8M (1.2% of revenue).
Southland Holdings, Q1 2025: revenue $239M (-17% year over year), operating margin 2.1%, net loss $2.8M, operating cash flow $6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $239M | -10% | -17% |
| Operating profit | $5.0M | — | — |
| Net earnings | −$2.8M | — | — |
| Operating cash flow | $6.4M | — | — |
| Free cash flow | $4.6M | — | — |
What changed
Revenue was $239.5M in Q1 2025, down 17% year over year and down 10% from the previous quarter. Transportation was the largest line at 57% of revenue. Transportation lost $67.3M year over year (down 33%), 138% of the total change.
Gross margin was 9.0%, up 1.9 points from a year earlier. Operating profit was $5.0M, a 2.1% margin (unchanged year over year). Operating expenses grew 14% against a revenue fall of 17%. The quarter ended with a net loss of $2.8M, wider than the previous quarter's $2.6M loss. Net interest and other expense of $8.1M was the main reason.
Operating cash flow was $6.4M. Non-cash charges added back $6.5M of depreciation and amortization. Working capital and other items added $2.7M. Capital expenditures of $1.8M left free cash flow of $4.6M.
Questions
What was Southland Holdings' revenue in the first quarter 2025?
Southland Holdings (SLND) reported revenue of $239M for the first quarter 2025 (Q1 2025), -17% from a year earlier and -10% from the quarter before.
Was Southland Holdings profitable in the first quarter 2025?
Operating profit was $5.0M (2.1% of revenue) and net loss $2.8M.
Source: Southland Holdings 10-Q on SEC EDGAR.