Filing Flows › Seacor Marine Holdings (SMHI) › Q1 2025
Seacor Marine Holdings (SMHI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Seacor Marine Holdings (SMHI) reported revenue of $55.5M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -20% from the quarter before. Operating margin was -9.5%, net loss $15.5M (27.9% of revenue).
Seacor Marine Holdings, Q1 2025: revenue $55.5M (-12% year over year), operating margin -9.5%, net loss $15.5M, operating cash flow −$11.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.5M | -20% | -12% |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$15.5M | — | — |
| Operating cash flow | −$11.5M | — | — |
What changed
Revenue was $55.5M in Q1 2025, down 12% year over year and down 20% from the previous quarter. Time Charter was the largest line at 94% of revenue. Time Charter lost $7.3M year over year (down 12%), 101% of the total change.
Gross margin was 24.5%, up 1.1 points from a year earlier. Operating costs exceeded revenue by $5.3M, an operating margin of -9.5%. Operating expenses fell 26% while revenue fell 12%. The quarter ended with a net loss of $15.5M, narrower than the previous quarter's $26.2M loss. Net interest and other expense of $9.3M was the main reason.
Operating cash flow was −$11.5M. Non-cash charges added back $12.8M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $10.4M. Capital expenditures of $20.8M exceeded it, leaving free cash flow of −$32.3M.
Questions
What was Seacor Marine Holdings' revenue in the first quarter 2025?
Seacor Marine Holdings (SMHI) reported revenue of $55.5M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -20% from the quarter before.
Was Seacor Marine Holdings profitable in the first quarter 2025?
Operating loss was $5.3M (-9.5% of revenue) and net loss $15.5M.