Filing Flows › LQR House (YHC) › Q1 2025
LQR House (YHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
LQR House (YHC) reported revenue of $429K for the first quarter 2025 (Q1 2025), -11% from a year earlier and -49% from the quarter before. Operating margin was -559.0%, net loss $2.4M (556.6% of revenue).
LQR House, Q1 2025: revenue $429K (-11% year over year), operating margin -559.0%, net loss $2.4M, operating cash flow −$6.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $429K | -49% | -11% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.4M | — | — |
| Operating cash flow | −$6.6M | — | — |
What changed
Revenue was $429K in Q1 2025, down 11% year over year and down 49% from the previous quarter. CWSPlatform was the largest line at 77% of revenue. CWSPlatform lost $105K year over year (down 24%), 204% of the total change.
Gross margin was 7.0%. Operating costs exceeded revenue by $2.4M, an operating margin of -559.0%. The fastest-growing cost line was General & admin (+26%). The quarter ended with a net loss of $2.4M, narrower than the previous quarter's $14.8M loss.
Operating cash flow was −$6.6M. Non-cash charges added back $173K of share-based compensation. Working capital and other items used $4.4M.
Questions
What was LQR House's revenue in the first quarter 2025?
LQR House (YHC) reported revenue of $429K for the first quarter 2025 (Q1 2025), -11% from a year earlier and -49% from the quarter before.
Was LQR House profitable in the first quarter 2025?
Operating loss was $2.4M (-559.0% of revenue) and net loss $2.4M.
Source: LQR House 10-Q on SEC EDGAR.