Filing Flows › LendingTree (TREE) › Q1 2025
LendingTree (TREE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
LendingTree (TREE) reported revenue of $240M for the first quarter 2025 (Q1 2025), +43% from a year earlier and -8% from the quarter before. Operating margin was -3.0%, net loss $12.4M (5.2% of revenue).
LendingTree, Q1 2025: revenue $240M (+43% year over year), operating margin -3.0%, net loss $12.4M, operating cash flow −$210K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -8% | +43% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$12.4M | — | — |
| Operating cash flow | −$210K | — | — |
What changed
Revenue was $239.7M in Q1 2025, up 43% year over year and down 8% from the previous quarter. Insurance was the largest line at 61% of revenue. Insurance added $60.8M year over year (up 71%), 84% of the total change.
Gross margin was 32.9%, down 9.1 points from a year earlier. Operating costs exceeded revenue by $7.1M, an operating margin of -3.0%. Operating expenses grew 36% against revenue growth of 43%. The quarter ended with a net loss of $12.4M, after a profit of $7.5M the previous quarter. Net interest and other expense of $7.7M was the main reason.
Operating cash flow was −$210K. Non-cash charges added back $5.6M of depreciation and amortization and $9.9M of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $3.4M exceeded it, leaving free cash flow of −$3.6M.
Questions
What was LendingTree's revenue in the first quarter 2025?
LendingTree (TREE) reported revenue of $240M for the first quarter 2025 (Q1 2025), +43% from a year earlier and -8% from the quarter before.
Was LendingTree profitable in the first quarter 2025?
Operating loss was $7.1M (-3.0% of revenue) and net loss $12.4M.
Source: LendingTree 10-Q on SEC EDGAR.