Filing Flows › Zebra Technologies (ZBRA) › Q1 2025
Zebra Technologies (ZBRA) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Zebra Technologies (ZBRA) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +11% from a year earlier and -2% from the quarter before. Operating margin was 14.9%, net earnings $136M (10.4% of revenue).
Zebra Technologies, Q1 2025: revenue $1.3B (+11% year over year), operating margin 14.9%, net earnings $136M, operating cash flow $178M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -2% | +11% |
| Gross profit | $645M | -0.5% | +15% |
| Operating profit | $195M | -13% | +23% |
| Net earnings | $136M | -17% | +18% |
| Operating cash flow | $178M | -42% | +42% |
| Free cash flow | $158M | — | +42% |
What changed
Revenue was $1.3B in Q1 2025, up 11% year over year and down 2% from the previous quarter. Tangible Products was the largest line at 81% of revenue. Tangible Products added $0.13B year over year (up 14%), 100% of the total change.
Gross margin was 49.3%, up 1.4 points from a year earlier. Operating profit was $0.20B, a 14.9% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 27% reached operating profit, above the 14% margin then. Operating expenses grew 11% against revenue growth of 11%. The fastest-growing cost line was General & admin (+37%). Net earnings were $0.14B, up 18% year over year. The effective tax rate was 17.6%.
Operating cash flow was $0.18B (up 42% year over year), 131% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.05B. After purchases of property, plant and equipment ($0.02B), free cash flow as the company reports it was $0.16B.
Questions
What was Zebra Technologies' revenue in the first quarter 2025?
Zebra Technologies (ZBRA) reported revenue of $1.3B for the first quarter 2025 (Q1 2025), +11% from a year earlier and -2% from the quarter before.
Was Zebra Technologies profitable in the first quarter 2025?
Operating profit was $195M (14.9% of revenue) and net earnings $136M.
Source: Zebra Technologies 10-Q on SEC EDGAR.