Filing Flows › Tetra Technologies (TTI) › Q1 2025
Tetra Technologies (TTI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Tetra Technologies (TTI) reported revenue of $157M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +17% from the quarter before. Operating margin was 11.9%, net earnings $4.0M (2.6% of revenue).
Tetra Technologies, Q1 2025: revenue $157M (+4% year over year), operating margin 11.9%, net earnings $4.0M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +17% | +4% |
| Gross profit | $42.9M | +38% | +38% |
| Operating profit | $18.8M | +134% | -40% |
| Net earnings | $4.0M | -96% | +343% |
| Operating cash flow | $3.9M | -30% | — |
What changed
Revenue was $157.1M in Q1 2025, up 4% year over year and up 17% from the previous quarter. Product sales was the largest line at 56% of revenue. Product sales added $14.8M year over year (up 20%), 240% of the total change. Services declined 11%.
Gross margin was 27.3%, up 6.7 points from a year earlier. Operating profit was $18.8M, a 11.9% margin (down 8.7 points year over year). Operating profit fell $12.3M even though revenue rose $6.2M versus a year earlier, so costs grew faster than sales. Net earnings were $4.0M, up 343% year over year. The effective tax rate was 20.4%.
Operating cash flow was $3.9M, 97% of net earnings. Non-cash charges added back $9.2M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $18.0M exceeded it, leaving free cash flow of −$14.0M.
Questions
What was Tetra Technologies' revenue in the first quarter 2025?
Tetra Technologies (TTI) reported revenue of $157M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +17% from the quarter before.
Was Tetra Technologies profitable in the first quarter 2025?
Operating profit was $18.8M (11.9% of revenue) and net earnings $4.0M.
Source: Tetra Technologies 10-Q on SEC EDGAR.