Filing Flows › World Kinect (WKC) › Q1 2025
World Kinect (WKC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
World Kinect (WKC) reported revenue of $9.5B for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before. Operating margin was -0.1%, net loss $21.3M (0.2% of revenue).
World Kinect, Q1 2025: revenue $9.5B (-14% year over year), operating margin -0.1%, net loss $21.3M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5B | -3% | -14% |
| Operating profit | −$6.6M | — | — |
| Net earnings | −$21.3M | — | — |
| Operating cash flow | $114M | -5% | +4% |
| Free cash flow | $99.2M | — | +7% |
What changed
Revenue was $9.5B in Q1 2025, down 14% year over year and down 3% from the previous quarter.
Gross margin was 2.4%, up 0.1 points from a year earlier. Operating costs exceeded revenue by $0.01B, an operating margin of -0.1%. Operating expenses grew 24% against a revenue fall of 14%. The fastest-growing cost line was Other operating costs (+42%). The quarter ended with a net loss of $0.02B, narrower than the previous quarter's $0.10B loss. Net interest and other expense of $0.02B was the main reason.
Operating cash flow was $0.11B (up 4% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.10B. After capital expenditures ($0.02B), free cash flow as the company reports it was $0.10B.
Questions
What was World Kinect's revenue in the first quarter 2025?
World Kinect (WKC) reported revenue of $9.5B for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before.
Was World Kinect profitable in the first quarter 2025?
Operating loss was $6.6M (-0.1% of revenue) and net loss $21.3M.
Source: World Kinect 10-Q on SEC EDGAR.