Filing Flows › Applied Energetics (AERG) › Q2 2025
Applied Energetics (AERG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Applied Energetics (AERG) reported revenue of $70K for the second quarter 2025 (Q2 2025), -91% from a year earlier and -66% from the quarter before.
Applied Energetics, Q2 2025: revenue $70K (-91% year over year), net loss $3.8M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70K | -66% | -91% |
| Operating profit | −$3.8M | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $70K in Q2 2025, down 91% year over year and down 66% from the previous quarter.
Gross margin was 32.5%, down 18.3 points from a year earlier. Operating costs exceeded revenue by $3.8M, an operating margin of -5382.5%. Operating expenses grew 55% against a revenue fall of 91%. The fastest-growing cost line was Research & development (+786%). The quarter ended with a net loss of $3.8M, wider than the previous quarter's $3.1M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $58K of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $169K. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Applied Energetics' revenue in the second quarter 2025?
Applied Energetics (AERG) reported revenue of $70K for the second quarter 2025 (Q2 2025), -91% from a year earlier and -66% from the quarter before.
Source: Applied Energetics 10-Q on SEC EDGAR.