Filing Flows › Valaris (VAL) › Q1 2025
Valaris (VAL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Valaris (VAL) reported revenue of $621M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +6% from the quarter before. Operating margin was 23.0%, net loss $39.2M (6.3% of revenue).
Valaris, Q1 2025: revenue $621M (+18% year over year), operating margin 23.0%, net loss $39.2M, operating cash flow $156M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $621M | +6% | +18% |
| Operating profit | $143M | — | — |
| Net earnings | −$39.2M | — | — |
| Operating cash flow | $156M | +25% | +493% |
| Free cash flow | $73.5M | — | — |
What changed
Revenue was $620.7M in Q1 2025, up 18% year over year and up 6% from the previous quarter.
Operating profit was $143.0M, a 23.0% margin (up 17.5 points year over year). Of the extra revenue versus a year earlier, 119% reached operating profit, above the 6% margin then. Total costs fell 4% while revenue rose 18%. The fastest-growing cost line was Other operating costs (+57%). The quarter ended with a net loss of $39.2M, after a profit of $130.6M the previous quarter. Minority interests bore $1.3M of it: to shareholders the quarter was a loss of $37.9M.
Operating cash flow was $155.9M (up 493% year over year). Non-cash charges added back $5.6M of share-based compensation. Working capital and other items added $189.5M. After itions to property and equipment, net ($82.4M), adjusted free cash flow as the company reports it was $73.5M.
Questions
What was Valaris' revenue in the first quarter 2025?
Valaris (VAL) reported revenue of $621M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +6% from the quarter before.
Was Valaris profitable in the first quarter 2025?
Operating profit was $143M (23.0% of revenue) and net loss $39.2M.
Source: Valaris 10-Q on SEC EDGAR.