Filing Flows › Wafd (WAFD) › Q2 FY25
Wafd (WAFD) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 2, 2025
Wafd (WAFD) reported revenue of $180M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and +5% from the quarter before. Operating margin was 40.1%, net earnings $56.3M (31.3% of revenue).
Wafd, Q2 FY25: revenue $180M (+4% year over year), operating margin 40.1%, net earnings $56.3M, operating cash flow $72.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +5% | +5% |
| Operating profit | $72.0M | +20% | +244% |
| Net earnings | $56.3M | +19% | +254% |
| Operating cash flow | $72.1M | +46% | -57% |
| Free cash flow | $66.6M | +55% | -60% |
What changed
Revenue was $179.8M in Q2 FY25, up 5% year over year and up 5% from the previous quarter.
Operating profit was $72.0M, a 40.1% margin (up 27.9 points year over year). Of the extra revenue versus a year earlier, 654% reached operating profit, above the 12% margin then. Total costs fell 29% while revenue rose 5%. Net earnings were $56.3M, up 254% year over year. The effective tax rate was 21.9%.
Operating cash flow was $72.1M (down 57% year over year), 128% of net earnings. Non-cash charges added back $2.6M of share-based compensation. Working capital and other items added $13.3M. Capital expenditures of $5.6M left free cash flow of $66.6M.
Questions
What was Wafd's revenue in the second quarter fiscal 2025?
Wafd (WAFD) reported revenue of $180M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and +5% from the quarter before.
Was Wafd profitable in the second quarter fiscal 2025?
Operating profit was $72.0M (40.1% of revenue) and net earnings $56.3M.
Source: Wafd 10-Q on SEC EDGAR.