Filing Flows › Applied Energetics (AERG) › Q3 2025
Applied Energetics (AERG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Applied Energetics (AERG) reported revenue of $109K for the third quarter 2025 (Q3 2025), -85% from a year earlier and +55% from the quarter before.
Applied Energetics, Q3 2025: revenue $109K (-85% year over year), net loss $4.0M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $109K | +55% | -85% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $109K in Q3 2025, down 85% year over year and up 55% from the previous quarter.
Gross margin was 51.0%, up 19.0 points from a year earlier. Operating costs exceeded revenue by $4.0M, an operating margin of -3643.8%. Operating expenses grew 54% against a revenue fall of 85%. The fastest-growing cost line was Research & development (+549%). The quarter ended with a net loss of $4.0M, wider than the previous quarter's $3.8M loss.
Operating cash flow was −$2.5M. Non-cash charges added back $81K of depreciation and amortization and $1.5M of share-based compensation. Capital expenditures of $30K exceeded it, leaving free cash flow of −$2.5M.
Questions
What was Applied Energetics' revenue in the third quarter 2025?
Applied Energetics (AERG) reported revenue of $109K for the third quarter 2025 (Q3 2025), -85% from a year earlier and +55% from the quarter before.
Source: Applied Energetics 10-Q on SEC EDGAR.