10-Q quarterly report · filed Jul 22, 2025

General Motors (GM) Q2 2025 10-Q Quarterly Report

Short answer

General Motors (GM) filed its Q2 2025 10-Q quarterly report on Jul 22, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $42.9B (down 2.7% year over year) with net income of $1.9B.

Q2 2025 key financials · XBRL

Revenue
$42.9B
−2.7% YoY · +7.5% QoQ
Net income
$1.9B
−35.4% YoY · −31.9% QoQ
Operating margin
5.0%
EPS (diluted)
$1.93
−24.0% YoY · −42.4% QoQ

Source: XBRL data from the General Motors (GM) Q2 2025 10-Q on SEC EDGAR. USD.

General Motors Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue details not provided; net income $1.9B Q2 2025 vs $2.9B Q2 2024
  • EBIT-adjusted $3.04B Q2 2025 vs $4.44B Q2 2024, EPS-diluted-adjusted $2.53 vs $3.06, effective tax rate 17.9% vs 20.9%
  • Best: GM Financial operating cash flow $4.1B H1 2025 vs $3.2B H1 2024; Worst: Automotive operating cash flow $7.1B H1 2025 vs $11.3B H1 2024
  • Automotive liquidity $34.7B June 30, 2025 vs $35.5B Dec 31, 2024; GM Financial liquidity $37.0B June 30, 2025 vs $29.3B Dec 31, 2024
  • Issued $2.0B senior notes at 5.7%, wound down Cruise robotaxi operations with $0.9B charge, reaffirmed compliance with covenants, no updated earnings guidance disclosed

Risk Factors

  • New tariff risk due to U.S. Government's automotive tariffs and potential August 2025 increases, impacting 2025 EBIT-adjusted by $4.0-$5.0 billion
  • Material update on tariff impact: exposure to evolving U.S. and foreign tariffs causing possible supply chain disruptions and increased costs
  • Compliance/legal risk from U.S. and international tariff regulations causing potential restructuring charges and asset impairments
  • Operational risk from supply chain disruptions and changes to U.S. production plans requiring significant capital expenditures
  • Financial risk related to potential negative cash flow and results from tariff-related costs exceeding current estimates

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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