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Syra Health (SYRA) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 8, 2025

Syra Health (SYRA) reported revenue of $1.9M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -7% from the quarter before. Operating margin was -25.5%, net loss $472K (25.4% of revenue).

Revenue$1.9M
Year over year+6%
Quarter over quarter-7%
Operating margin-25.5%
Net earnings−$472K

Syra Health, Q1 2025: revenue $1.9M (+6% year over year), operating margin -25.5%, net loss $472K, operating cash flow $158K. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$1.9M-7%+6%
Operating profit−$473K——
Net earnings−$472K——
Operating cash flow$158K——

What changed

Revenue was $1.9M in Q1 2025, up 6% year over year and down 7% from the previous quarter. Population Health was the largest line at 65% of revenue. Population Health added $870K year over year (up 261%), 825% of the total change. Healthcare Workforce declined 54%.

Gross margin was 31.7%, up 14.6 points from a year earlier. Operating costs exceeded revenue by $473K, an operating margin of -25.5%. Operating expenses fell 39% while revenue rose 6%. The quarter ended with a net loss of $472K, narrower than the previous quarter's $504K loss.

Operating cash flow was $158K. Non-cash charges added back $7K of depreciation and $33K of share-based compensation. Working capital and other items added $591K.

Questions

What was Syra Health's revenue in the first quarter 2025?

Syra Health (SYRA) reported revenue of $1.9M for the first quarter 2025 (Q1 2025), +6% from a year earlier and -7% from the quarter before.

Was Syra Health profitable in the first quarter 2025?

Operating loss was $473K (-25.5% of revenue) and net loss $472K.

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Source: Syra Health 10-Q on SEC EDGAR.