Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Helix Energy Solutions Group (HLX)

Helix swings to $3.1M Q1 profit from $26.3M loss; revenue falls to $278.1M

Mixed Impact 3 of 5 earnings Written later

Helix Energy Solutions reported first-quarter 2025 net income of $3.1 million, or $0.02 per diluted share, compared with a net loss of $26.3 million a year earlier, but revenue fell to $278.1 million from $296.2 million and free cash flow dropped to $12.0 million from $61.2 million. The CEO cited seasonal slowdowns, falling commodity prices and some customers pausing work, and said the company still expects to generate meaningful free cash flow in 2025, without giving a figure.

Key points

  • Net income $3.1 million, or $0.02 per diluted share, vs. net loss of $26.3 million, or $(0.17), in Q1 2024 and net income of $20.1 million in Q4 2024
  • Revenue $278.1 million vs. $296.2 million in Q1 2024 and $355.1 million in Q4 2024
  • Adjusted EBITDA $52.0 million vs. $47.0 million in Q1 2024; free cash flow $12.0 million vs. $61.2 million in Q1 2024
  • Cash and cash equivalents $370.0 million at March 31, 2025; net debt was negative $58.9 million

The filing

CompanyHelix Energy Solutions Group (HLX)
Form8-K, current report
Filed with the SECApr 23, 2025, 6:49 PM ET
Accession number0000866829-25-000007

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.