Filing Flows › Surrozen (SRZN) › Q1 2025
Surrozen (SRZN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Surrozen (SRZN) reported revenue of $983K for the first quarter 2025 (Q1 2025) and +50% from the quarter before. Operating margin was -971.6%.
Surrozen, Q1 2025: revenue $983K, operating margin -971.6%, net loss $27.0M, operating cash flow −$9.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $983K | +50% | — |
| Operating profit | −$9.6M | — | — |
| Net earnings | −$27.0M | — | — |
| Operating cash flow | −$9.3M | -367% | — |
What changed
Revenue was $1.0M in Q1 2025, up 50% from the previous quarter.
Operating costs exceeded revenue by $9.6M, an operating margin of -971.6%. The quarter ended with a net loss of $27.0M, narrower than the previous quarter's $28.0M loss. Net interest and other expense of $17.4M was the main reason.
Operating cash flow was −$9.3M. Non-cash charges added back $294K of depreciation and amortization and $834K of share-based compensation. Working capital and other items added $16.6M. Capital expenditures of $27K exceeded it, leaving free cash flow of −$9.3M.
Questions
What was Surrozen's revenue in the first quarter 2025?
Surrozen (SRZN) reported revenue of $983K for the first quarter 2025 (Q1 2025) and +50% from the quarter before.
Was Surrozen profitable in the first quarter 2025?
Operating loss was $9.6M (-971.6% of revenue) and net loss $27.0M.
Source: Surrozen 10-Q on SEC EDGAR.