Filing Flows › Xerox Holdings (XRX) › Q1 2025
Xerox Holdings (XRX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Xerox Holdings (XRX) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -10% from the quarter before. Operating margin was -4.6%, net loss $90.0M (6.2% of revenue).
Xerox Holdings, Q1 2025: revenue $1.5B (-3% year over year), operating margin -4.6%, net loss $90.0M, operating cash flow −$89.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -10% | -3% |
| Operating profit | −$67.0M | — | — |
| Net earnings | −$90.0M | — | — |
| Operating cash flow | −$89.0M | — | — |
What changed
Revenue was $1.5B in Q1 2025, down 3% year over year and down 10% from the previous quarter. Service arrangements was the largest line at 29% of revenue. Service arrangements lost $0.04B year over year (down 9%), 98% of the total change.
Gross margin was 1.5%. Operating costs exceeded revenue by $0.07B, an operating margin of -4.6%. The quarter ended with a net loss of $0.09B, wider than the previous quarter's $0.02B loss.
Operating cash flow was −$0.09B. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was Xerox Holdings' revenue in the first quarter 2025?
Xerox Holdings (XRX) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), -3% from a year earlier and -10% from the quarter before.
Was Xerox Holdings profitable in the first quarter 2025?
Operating loss was $67.0M (-4.6% of revenue) and net loss $90.0M.
Source: Xerox Holdings 10-Q on SEC EDGAR.