Filing Flows › Vertiv Holdings (VRT) › Q1 2025
Vertiv Holdings (VRT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Vertiv Holdings (VRT) reported revenue of $2.0B for the first quarter 2025 (Q1 2025), +24% from a year earlier and -13% from the quarter before. Operating margin was 14.3%, net earnings $164M (8.1% of revenue).
Vertiv Holdings, Q1 2025: revenue $2.0B (+24% year over year), operating margin 14.3%, net earnings $164M, operating cash flow $303M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -13% | +24% |
| Operating profit | $291M | -36% | +43% |
| Net earnings | $164M | +12% | — |
| Operating cash flow | $303M | -29% | +121% |
| Free cash flow | $264M | — | +162% |
What changed
Revenue was $2.0B in Q1 2025, up 24% year over year and down 13% from the previous quarter. Americas was the largest line at 58% of revenue. Americas added $0.26B year over year (up 28%), 66% of the total change.
Operating profit was $0.29B, a 14.3% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 12% margin then. Total costs grew 21% against revenue growth of 24%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $0.16B. The effective tax rate was 38.0%.
Operating cash flow was $0.30B (up 121% year over year), 184% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.06B. After capital expenditures ($0.04B) and investments in capitalized software ($2.3M), adjusted free cash flow as the company reports it was $0.26B.
Questions
What was Vertiv Holdings' revenue in the first quarter 2025?
Vertiv Holdings (VRT) reported revenue of $2.0B for the first quarter 2025 (Q1 2025), +24% from a year earlier and -13% from the quarter before.
Was Vertiv Holdings profitable in the first quarter 2025?
Operating profit was $291M (14.3% of revenue) and net earnings $164M.
Source: Vertiv Holdings 10-Q on SEC EDGAR.