Reported Q: Q2 2025 Rev YoY: -3.7% EPS YoY: -116.8% Move: -0.96%
PhenixFIN Corporation
PFX
$43.18 -0.96%
Exchange NASDAQ Sector Financial Services Industry Asset Management
Q2 2025
Published: May 7, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for PFX

Reported

Report Date

May 7, 2025

Quarter Q2 2025

Revenue

4.49M

YoY: -3.7%

EPS

-0.44

YoY: -116.8%

Market Move

-0.96%

Previous quarter: Q1 2025

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Earnings Highlights

  • Revenue of $4.49M down 3.7% year-over-year
  • EPS of $-0.44 decreased by 116.8% from previous year
  • Gross margin of 42.5%
  • Net income of -896.13K
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PFX
Company PFX

Executive Summary

PhenixFIN’s QQ2 2025 results present a mixed picture. Revenue for Q2 2025 stood at approximately $4.49 million, down 3.7% year over year but showing an extreme sequential drop of about 99.9% versus the prior quarter, suggesting a large one-off in Q1 2025 or significant quarterly volatility in revenue components. Gross margin was strong at roughly 42.5%, but the company reported an operating loss of about $0.57 million and a net loss near $0.90 million for the quarter, translating to an EPS of -$0.44. The discrepancy between operating profitability and cash generation is notable: cash flow from operating activities was aggressively positive at about $8.79 billion, with free cash flow also reported at $8.79 billion, driven by substantial non-cash adjustments and working capital movements rather than recurring net income. The balance sheet remains highly cash-rich with cash and cash equivalents of about $8.69 billion and total assets around $300.7 billion, supported by a very large investment portfolio (total investments β‰ˆ $286.8 billion) and equity of roughly $159 billion, while liabilities aggregate to about $141.7 billion. This structure yields a robust liquidity profile (current ratio 3.10) but raises questions about the sustainability of cash flow given the negative net income and the heavy reliance on non-cash items for reported cash generation. Absent explicit forward guidance in the data provided, investors should focus on NAV stability, portfolio valuations, cadence of fee-based revenue, and the quality and realizability of the large invested asset base. Overall, the quarter underscores substantial cash-generation capacity alongside meaningful profitability headwinds, underscoring a cautious but potentially opportunistic stance depending on portfolio performance and NAV trajectory going into H2 2025.

Key Performance Indicators

Revenue
Decreasing
4.49M
QoQ: -99.88% | YoY: -3.70%
Gross Profit
Decreasing
1.91M
42.52% margin
QoQ: -73.87% | YoY: -58.54%
Operating Income
Decreasing
-566.50K
QoQ: -100.03% | YoY: -126.49%
Net Income
Decreasing
-896.13K
QoQ: -136.37% | YoY: -116.68%
EPS
Decreasing
-0.44
QoQ: -136.07% | YoY: -116.79%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 4.49 -0.44 -3.7% View
Q1 2025 3,767.47 1.22 +65.0% View
Q4 2024 8.53 2.99 +50.3% View
Q3 2024 14.93 1.29 +208.6% View
Q2 2024 4.66 2.62 -5.2% View