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Etsy ETSY Q1 2025 earnings

Reported April 30, 2025 · Before market open

Revenue$651.2MBeat by $7.8M
EPS$0.46Miss by $0.04
Revenue estimate$643.4M
EPS estimate$0.50

Next report

Aug 5, 2026 (In 6 days)
Revenue estimate$646.1M
EPS estimate$1.17

Financials

Q1 2025

Income statement

See full
Revenue$612.2M-5.2%
Gross profit$444.4M-3.1%
Operating income-$3.9M-106%
Net income-$52.1M-183%
EPS (diluted)-$0.49-202%

Balance sheet

See full
Cash & equivalents$649.2M-17.7%
Total debt$2.4B-0.1%
Total equity-$910.3M-55.9%
Total assets$2.1B-15.1%

Cash flow

See full
Operating cash flow$49.2M-28.8%
CapEx$3.2M+43.9%
Free cash flow$45.9M-31.2%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$5.05B-38.0%
Enterprise value$6.79B-30.3%
P/E26.8×-0.7×
P/S1.8×-1.1×

Profitability

See full
Gross margin72.8%+2.6pp
Operating margin11.1%+1.3pp
Net margin6.8%-4.0pp
FCF margin25.9%+0.2pp

Returns & leverage

See full
Current ratio2.1×-0.3×

Segments

By geography

See full
United States$302.3M
United Kingdom$63.4M

By product

See full
Marketplace revenue$428.2M-8.3%
Services revenue$184.0M+2.8%

Versus estimates

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Questions, answered.

When did Etsy report Q1 2025 earnings?
Etsy (ETSY) reported Q1 2025 earnings on April 30, 2025 before market open.
What were Etsy's Q1 2025 revenue and EPS?
Etsy reported revenue of $651.2M and eps of $0.46 for Q1 2025.
Did Etsy beat estimates in Q1 2025?
Revenue beat the consensus estimate of $643.4M by $7.8M. EPS missed the consensus estimate of $0.50 by $0.04.
How did Etsy's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.8% from $646.0M a year earlier and eps declined 4.2% from $0.48.
Where can I find Etsy's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001370637-25-000040) directly on SEC EDGAR. The filing index links above go to sec.gov.