Baker Hughes said Q1 2025 revenue was $6.4 billion, an increase of $9 million compared with the prior-year quarter, and net income was $402 million, a decrease of $53 million (12%).

10-QQuarterly reportFiled Apr 23, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Baker Hughes said Q1 2025 revenue was $6.4 billion, an increase of $9 million compared with the prior-year quarter, and net income was $402 million, a decrease of $53 million (12%).
The company said Q1 2025 OFSE revenue was $3,499 million, a decrease of $285 million, and IET revenue was $2,928 million, an increase of $294 million (11%).
Baker Hughes said other (income) expense, net for Q1 2025 included a net loss of $140 million from the change in fair value of equity securities, while Q1 2024 included net income of $52 million, and attributed the decrease in net income to losses in fair value of equity securities, among other factors.
The company said cash flows from operating activities for Q1 2025 were $709 million, and it paid dividends of $229 million and repurchased 4.4 million shares for a total of $188 million in the same quarter.

Key figures

Quarter ended March 31, 2025

Revenue: $6.4B
Net income: $402M
Operating cash flow: $709M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 2025 Revenue $6.4 billion, Net Income $402 million

Baker Hughes said Q1 2025 revenue was $6.4 billion, an increase of $9 million compared with the prior-year quarter, and net income was $402 million, a decrease of $53 million (12%).

Source · Based on the MD&A text of the filing

OFSE Revenue Decline and IET Revenue Growth

The company said Q1 2025 OFSE revenue was $3,499 million, a decrease of $285 million, and IET revenue was $2,928 million, an increase of $294 million (11%).

Source · Based on the MD&A text of the filing

Change in Fair Value of Equity Securities and Net Income

Baker Hughes said other (income) expense, net for Q1 2025 included a net loss of $140 million from the change in fair value of equity securities, while Q1 2024 included net income of $52 million, and attributed the decrease in net income to losses in fair value of equity securities, among other factors.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Shareholder Returns

The company said cash flows from operating activities for Q1 2025 were $709 million, and it paid dividends of $229 million and repurchased 4.4 million shares for a total of $188 million in the same quarter.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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