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Mar 31, 2025
ZEEKR Q1 2025 Earnings Report
Zeekr reported a narrower net loss and improved vehicle margins during Q1 2025.
Key Takeaways
Zeekr Group delivered a strong Q1 2025 with improved margins and a notable reduction in net loss. Despite a sequential decline in revenue due to seasonality, the company made progress in profitability through integration synergies and disciplined cost control.
Net loss narrowed to $105 million, a 60.2% YoY improvement.
Vehicle margin rose to 16.5%, driven by cost efficiencies.
Total revenue reached $3.03 billion, up slightly from the prior year.
Adjusted EPS improved to -$0.03 from -$0.99 YoY.
Revenue by Segment
Forward Guidance
Zeekr expects continued operational efficiency and margin improvement as it integrates its brands and prepares new model launches.
Positive Outlook
- Platform synergies expected to enhance profitability.
- Cost-saving initiatives remain in effect.
- New models like Zeekr 7GT and 9X to drive future growth.
- Increased production efficiency anticipated.
- Strong delivery base with over 1.9 million users.
Challenges Ahead
- Seasonal delivery slowdown impacted quarterly results.
- Price pressures due to changing product mix.
- Battery and component revenue declined significantly.
- Non-GAAP net loss still at $88 million.
- High R&D expenses from platform development.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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