Filing Flows › Vaso (VASO) › Q1 2025
Vaso (VASO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Vaso (VASO) reported revenue of $19.5M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -28% from the quarter before. Operating margin was -6.3%, net loss $1.1M (5.5% of revenue).
Vaso, Q1 2025: revenue $19.5M (+4% year over year), operating margin -6.3%, net loss $1.1M, operating cash flow −$566K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.5M | -28% | +4% |
| Operating profit | −$1.2M | -157% | — |
| Net earnings | −$1.1M | -150% | — |
| Operating cash flow | −$566K | — | — |
What changed
Revenue was $19.5M in Q1 2025, up 4% year over year and down 28% from the previous quarter. Network Services was the largest line at 48% of revenue. Professional Sales Services added $578K year over year (up 7%), 80% of the total change. Software Sales and Support declined 18%.
Gross margin was 58.4%, up 0.1 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -6.3%. Operating expenses grew 2% against revenue growth of 4%. The quarter ended with a net loss of $1.1M, after a profit of $2.1M the previous quarter.
Operating cash flow was −$566K. Non-cash charges added back $160K of depreciation and amortization and $8K of share-based compensation. Working capital and other items added $341K. Capital expenditures of $363K exceeded it, leaving free cash flow of −$929K.
Questions
What was Vaso's revenue in the first quarter 2025?
Vaso (VASO) reported revenue of $19.5M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -28% from the quarter before.
Was Vaso profitable in the first quarter 2025?
Operating loss was $1.2M (-6.3% of revenue) and net loss $1.1M.
Source: Vaso 10-Q on SEC EDGAR.