Filing Flows › Trimble (TRMB) › Q1 2025
Trimble (TRMB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Trimble (TRMB) reported revenue of $841M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -15% from the quarter before. Operating margin was 11.6%, net earnings $66.7M (7.9% of revenue).
Trimble, Q1 2025: revenue $841M (-12% year over year), operating margin 11.6%, net earnings $66.7M, operating cash flow $156M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $841M | -15% | -12% |
| Gross profit | $561M | -18% | -6% |
| Operating profit | $97.5M | -44% | -11% |
| Net earnings | $66.7M | -26% | +17% |
| Operating cash flow | $156M | +35% | -33% |
| Free cash flow | $149M | — | -34% |
What changed
Revenue was $840.6M in Q1 2025, down 12% year over year and down 15% from the previous quarter. Field Systems was the largest line at 43% of revenue. Field Systems lost $60.0M year over year (down 14%), 53% of the total change.
Gross margin was 66.7%, up 4.4 points from a year earlier. Operating profit was $97.5M, a 11.6% margin (up 0.1 points year over year). Operating expenses fell 4% while revenue fell 12%. Net earnings were $66.7M, up 17% year over year. The effective tax rate was 22.8%.
Operating cash flow was $155.6M (down 33% year over year), 233% of net earnings. Non-cash charges added back $48.9M of depreciation and amortization and $38.4M of share-based compensation. After capital expenditures ($6.6M), free cash flow as the company reports it was $149.0M.
Questions
What was Trimble's revenue in the first quarter 2025?
Trimble (TRMB) reported revenue of $841M for the first quarter 2025 (Q1 2025), -12% from a year earlier and -15% from the quarter before.
Was Trimble profitable in the first quarter 2025?
Operating profit was $97.5M (11.6% of revenue) and net earnings $66.7M.
Source: Trimble 10-Q on SEC EDGAR.