Filing Flows › Westwood Holdings Group (WHG) › Q1 2025
Westwood Holdings Group (WHG) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Westwood Holdings Group (WHG) reported revenue of $23.3M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +14% from the quarter before. Operating margin was -0.3%, net earnings $477K (2.1% of revenue).
Westwood Holdings Group, Q1 2025: revenue $23.3M (+2% year over year), operating margin -0.3%, net earnings $477K, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.3M | +14% | +2% |
| Operating profit | −$68K | — | — |
| Net earnings | $477K | — | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $23.3M in Q1 2025, up 2% year over year and up 14% from the previous quarter. Asset Management was the largest line at 76% of revenue. Asset Management added $914K year over year (up 5%), 176% of the total change. Other Revenue Misc Services declined 89%.
Operating costs exceeded revenue by $68K, an operating margin of -0.3%. Total costs grew 18% against revenue growth of 2%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $477K, down 78% year over year. The effective tax rate was 19.4%. Non-operating items added $660K, 111% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.9M. Non-cash charges added back $1.2M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $7.9M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$4.9M.
Questions
What was Westwood Holdings Group's revenue in the first quarter 2025?
Westwood Holdings Group (WHG) reported revenue of $23.3M for the first quarter 2025 (Q1 2025), +2% from a year earlier and +14% from the quarter before.
Was Westwood Holdings Group profitable in the first quarter 2025?
Operating loss was $68K (-0.3% of revenue) and net earnings $477K.